Time Clock, Nov. 2, 1959

PRIVATE-HOUSING starts will exceed 1,300,000 units in 1959, close to 1950 record (1,352,000), predicts Housing and Home Finance Administrator Norman Mason. In first nine months housing starts were at annual rate of 1,375,000, but tight money is expected to cause more than seasonal slack-off in last quarter.

BIGGEST ALASKAN OIL WELL was brought in by Standard Oil Co. (Calif.) on Kenai Peninsula, 40 miles south of Anchorage. New well, largest of four being jointly developed by Standard and Richfield Oil Corp., has capacity of 1,300 bbl. daily.

VOLKSWAGEN STOCK SALE has been agreed upon by West German federal government and state of Lower...

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