Time Clock, Mar. 16, 1959

FORD FOUNDATION is planning public sale of about 2,000,000 shares of its 36,132,239 shareholding in Ford Motor Co., which has a market value of $55 a share.

FIRST OFFSHORE OIL production in California, from a platform, will be started by Humble Oil & Refining Co. and Standard Oil of Calif. Two of 25 wells to be drilled on a 110-ft. square rig two miles out from shore near Santa Barbara have already produced as high as 865 bbl. per day in tests.

FREIGHT-CAR SHORTAGE is expected because "bad order ratio" (number of cars out...

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