Time Clock, Jun. 28, 1954

TIDELANDS OIL HUNT, spurred by the Supreme Court decision giving mineral rights to the states, is going on at a record pace. In the past twelve months, oilmen have spent more than $100 million for leases and drilling in the Gulf of Mexico, have 30 drilling rigs now in operation, with plans for 70 by fall.

WAGE NEGOTIATIONS between U.S. Steel and the C.I.O.'s Steelworkers to set a pattern for the industry are going smoothly, may result in a settlement within the week. Joint union-management committees have reportedly worked out a package deal, with...

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