IRAN is moving closer to settlement of its oil problem. Famed Oilman Torkild ("Cap") Richer (TIME, April 20) has been hired as Iran's official adviser on oil matters and is expected to work out a deal between Iran and Anglo-Iranian Oil Co. that will permit a combine of oil companies to market Iran's oil.
JOHN L. Lewis' miners are being sharply reminded of how they have priced coal out of many markets. Pension and other benefits are being cut heavily because of lagging coal production (down 26% in the anthracite fields). Anthracite miners will...
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