davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
BUSINESS
BRIEFS

Commercial and industrial
loans decreased during the week
ended May 9 by SIS million at
reporting member banks in lead
ling cities. lowering the total of
such loans at reporting banks
I$27. $4,000, 000.-Federal Reserve
Board.
Crude Oil and Lease con-
densate daily average production
decreased 55.483 barrels in the
week ended May II. totaling
l7,028,950 and compared with
6,681, 050 barrels a year ago.
American Petroleum Institute.
Bank clearings in the week
lended Wednesday totaled S21,-
l718,752,000, compared with S2O,-
| 657 .655.000 in the preceding
week and $21, 771,70 900 in the
like week a year ago.-Dun g.
Bradstreet.
The Government today an
lnounced the sale of it's synthetic
rubber plant at Louisville, KY,
to Union Carbide for $3,125. 900.
Curtiss- Wright Co. is continu-
ing to explore possibilities of CO.
operating in extricating Stude-
baker-Packard from it's financial
difficulties and a plan may be
formulated in about two weeks
Ibut not before.-Wall Street
journal.
TextrOn American, Inc, stock
holders voted to change the
name to Textron, Inc. Plans
were announced to spin off
Textron's textile operations as
an independent operation.
carrier Corp. report earnings
for three months ended April 80
totaled $2,237.000 or SIPS a
share from $2,204,000 or SIPS a
share in the 1855 period.
New freight car orders rose
last month to $3.50, compared
with 1913 in March, 1856 and
I2,7O6 in April, 1855. Deliveries
OF new freight cars to the rail-
roads in April were 5,943, Just 6
cars short of Marchs total of
5,949.-Railway Car Institute.
Baltimore and Ohio r. r. re-
ports net income of S3,95O.00O
during April, compared with a
net income of $l,995,00O for
April. 1865.
RaybestOs- Manhattan reports
arst quarter earnings rose to
Sl,O78, AGO. equal to SLIP a share
from $l,006.833 or SLIGO a share
In the year-ago period.
Other corporate earnings.
For Quarter Ended April so
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
D. c. PRODUCE

Quotations supplied by the United
States Agriculture Department:
Apples-Pa;, Delicious, boxes, wrapped.
@ @f s9sss SOB RS0eS stss S8HS''
inches up. 5.56!4 90; Washington. Red
D Psi i9 boxes wrapped, extra fanny
ctns. cell. pack, extra fancy 140s, SOC
3.3O; l20s, j; 3O-6.OO; ctns.. tray pack.
extra fancy 56-6is, 6.00-650; 7e-SOs,
extra fancy SS-I3Ss. 5.35-5.5O
Bananas--40-lb ctns cut. .15-5 90.
Grapefruit--Wire-b boxes unless
otherwise stated, Fla" Duncans. 45-1os,
Lemons-calif., ctns., $50 count, 3.75-
! 20; fair quality 3.50-375; $50 count.
g ogF ~ Nsys els. ,box ct,ns.
eiss, las-bu crts.,, l3o-316s, $500 %;
ha;;6ox ctnS.. l5Q..216s.. 3.25.
average per lO W., ;. , GsH.s,
Snap beans-Fla:, Blu. hprs., Seminoles.
Valentines; 6,00-6.5O Limas. Fla, bu.
cabbseeIDomestic round type re-
PssSea op soea buy 6EtS g. 5C cri red tyn no
IS e, l2s-bu crts., 275.
Carrots--Ariz., crts, topped IS lib
MIN bass, $50; Texas. topped. crts, 4s
-lh film bass, 3.5Q-3.15: a0-!h sacks.
5O-lb, sacks topped. 2 %.
:. Corn-Fla., wire-bound crts.. ; doz.
", s. fancy, yellow 2.50-3.O0; white,
orsens-Pa I,1/9-bu. ,erts.. turnip
,urnip tops and kale. 1@5; mustard.
Lettuce--Iceberg type. 4o9M-10 and
I'd. ctns., 2s. Ariz., 8 .00-3.25, some best
100 fair quality. 80 Calf, 325;
Mushrooms-Pa, 4-qt. bktS, 1.o5-
800 l2-pint ctns $50.
Dry onions--5O-lb. sacks. Texas
Grsno. 3 inches and larger, :! 50-275:
medium, 2.25:-275; Granex, medium,
y 3,23-3 20: yellow Bermuda, medium,
Peppers,--Fls.. California Wonder t,pe,
nn nktS, large 4.50-4.75; medium, 800;
potatoes-old, U No. /. size A.
proximately 400 10 o.. and larger,
36h-4,0 90: 100-lb sacks. few Z 80;
Maine, katahdins, unWashed, paper sos,
3nu-3.25 Chefs nnwashed. paper sos,
. Ea-,i %; Canada, Katahdins, paper sos
New. Fla. Round Reds washed. burlsp
2nS, u No Size 4, 2z5-3.50; Sc
size A. 3.2h-3 so
sweet potstoes-,N. j. bu. bkts.. Jer-
Per 15aR RSsn ryp syDs 81 10 BY 9k 49,
325, some fair duality s'56-9 IL. ''o-
. Tomatoes--Repack lues. tix6s. 2 30
X, y ctns. 90 lbs. e.5G.a.1j' ctns. 10
tubes approximately / H.. is. mostly
'%o' some l.o0i 3s' l.ei-l 50,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17

Great Britain. 90-day futures. .. 70 II /3e
OIL 49, Of a cent; Belgium (francl
;O09s. unchanged; France tfranc), ,3Sss
OF a cent, unchanged: Germany West.
srnl tdeutsche mark, % so, UNCHANGED
Italy ,lira),. 1914 Of cent. unchanged
Portugal (escudol, $50. UNCHANGED
Sweden tkronal, 1894, unchanged; Swift.
Denmark fkropel 1880. unchanged.
! Latin America Argentina Qree), go
O.; .04 Of cent: Brazil tfreel, III. of
Venezuela lbolivarl, 1908, unchanged
I Far East: Hong Kong dollar, 1880. un-
changed
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
CHICAGO GRAIN

CHICAGO. May II R.-Most grains
headed little lower after a generally
steady opening on the Board OF Trade
today.
DEALINGS we're not particularly active
in any pit. Soybeans we're off a few
cents, recording the widest losses Corn
was inclined to ease in sympathy with
soybeans.
Wheat advanced slightly in early
dealings but then reversed itself and
crept under the previous close Rye fol-
lowed wheat but oats maintained a firm
undertone
was i, TO / cent lower Nav 3" oai.
corn, UNCHANGED to y lower, May SI.4g.
oats UNCHANGED 10 z higher. May 81.
rye = TO / cent lower May 81 .a3ia soy
beans. to ga lower. May S3I9i1:
lard 10 TO 30 cents a hundred pounds
lower. July SI33O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
BALTIMORE
MARKETS

g. quotations supplied by the United
states Agriculture Department:
ers p sI,co-Market about steady on fry
demand fair ftt 70 sood fof fsntS Lover
iresh arrivals: cRrried-over supplies m
sioM SAFE neavy-type hens weak. prices
..seneIsny lower offerings fully ample for
.ne current lsht demand. Wholesale
prices per ID. IN Baltimore: Broilers or ,f
tbIyers' y lbs and over. 25-36; hens.
Livestock Markets
Cattle, LOCO; run includes 10 loads
sSlsIshter steers, load heifers and /;
loads stock cattle. around IS per cen!
, 81 sgor ,otai COWS. trading SLOW in all divi-
cents lower; bulls fully steady TO Is cents
nleher; other classes steady; few loads
In si osmIbalisE ioss good and choice $40
very little. in early run eligible 10 srii
abcVe 30 or under lSOn; few GOOD
ana eholce heifers, 100000 90 ineiud.
ing load at 1850; odd head utility
mefcial cows ranged 10 50-l5.00: can.
nerS and cutters mainly Il. 80 II 10.
iS dsa Gamers down 70 100 or under
els p Sfa fdai saspss utility hy ana CONNER
trueked IN local offerings. IL %. ld n 5,,!
iloihe SintteL bulls, sealing under 900
n Ds s9l tor Gown Snoa TO NOD fairly broad
and FEEDER steers, but considerable 70.
ISSUANCE 10 current asking prices, few
shles completed in steady basis con.
pared earlier in week
caves, 200; demand very narrow and
a trading basis.
Hogs. 800; very slow IN early ronnde
lttle more active later barrows and siltS
mostly 30 cents higher; sowS strong h
RI cents up: mixed lots 10 grade. $50.
g3u-lb barrows and gifts lI35-IS 1E.
/ bulk opening sales around Isl %; few
.a0-e40 lbs, lf.5O-IS 90; n9O-o50 tbs
| !!.Ou.bO, l20-l40 lbs, 2b-1b 40.
il4Q.l60 lbs. l575-17 90; l6G-i so lbs,
~ ;UO-fOi lew Sows, under fOO lbs, 4 10
sheep. Dos not enough on offer 10
permit an accurate comparison Of priceS:
couple small lots good and choice 1l.Tp.
10, spring lambs. - %
Grain Market
flour - Receipts. 3,J2i 1O0.pound
Wheat-Receipts. 3so.4et bushels.
shipments, fb.767 bushels stocks, ~,
| JtuOo0 bushels. No . red winter gar-
lieky. spot domestic, 2e4 No q. aIg
Corn Receipts, lO4 "a. bushels: shin
! 6.d bushels.
/ Oats----Reeeipts, none, shipments, none.
stocks, llg.1hO bushels
Barley Receipts 135I3 bugheis.
shipments, none stocks, IL. iOf bushels,
Rye-Receipts. none; shipments, mono:
stocks, 1Hu,ol0 bushels
Soybeans-ReceipiS i,Stn bushels.
shipments, none. stocks. 53f.4G3 bushelr
Millfeed--ReeeiD IS tons.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
NEW YORK COTTON

NEW YORK MAY 4; 4-cotton
iuiures moved IN a narrow fanee dur
Inv the forenoon today Trading vas
slnr and lacked feature Most traders
awaited fresh incentives
Announcements of official premium.
ana discount applying the 1895 crop
cotton loan prugram HAD no effect
ma fkeiVise The loan on nlddling ona-
men 1gufed a. ~. - cents pound
Nhich va in line with tNDec' ati0ns.
This is the interim and minimum loan
and could b. raised ~ the mld.Juiy
parity is hishsr than no March hgufs
on which M ir'friw .oan va 1affe
Noon prices we're Unbalanced 70 Is
rrrf haif lnHff thar thf pres inIs
gcse july ~ a.. OCTOBER 5ss Nd
Decsnaef " ".
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17

uuuEh oAtct oU tue EAcuaube
Il 90 am A2o 600 ~ noon 72o ooo
100 ON o6o 600 600 m 900 ooc
tunii Of tradinp 10 shares OF safes IN
full Rates OF dividends In the torego.
ina table are annual disbursements based
on the aH quarterly or semiannual
declaration Unless otherwise noted
specia OF extra divioends are not IN.
cluded Also extra o. extras An.
nual rate plus stock dividend 4 DECLARED
or paid In 1888 nlus stocF dividend
9 Declared u paio SC far this wear
PAYABLE IN stock durins 9h5 estimat
en cash value m ex.divldend OF ex.dis
trlbution date s.Paid 4asi wear h ne
clared o. paiu after stock Dividend NJ
split up Declared ~ paid this year
an accumulative ssue with dividends In
arrears Paio this wear dividend
omitted deierrsd OF no action taken AZ
last diyidsnd meeting I Declared o.
paid ~ igjH pius stock dividend Pay.
able IN stock during 1885 estimated
cash value m ex.dividend or ex-distribu.
tion date l.lduldatins diyidend cid
Calee Ex-dividsnd E-dis Ex- d,stri-
button Nr tr.rlrhfs Nv without var
rants ~ with warrants NJ when
distributed vi When isSued nd Next
"a, delivery IN bankruptcy or feeeiy.
erthip ~ heins reorganifsc under 'hs
BANKRUPTCY Act o. securities aa4sonec
0s saen someanisA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
Brown to Retire
From First and
Citizens Bank

The First and Citizens Nation.
al Bank of Alexandria today
announced that c. C. Brown
had retired as executive vice
president and trust officer Of
the bank, effective July /.
Mr., Brown will have completed
36 years of service with the
bank by the time he retires, hav-
ing first come to the Citizens
National Bank as a runner or
June 10. 1920
He will continue to serve as
a director.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
NEW YORK PRODUCE

NEW YORK, May IL tPi-(USDAl.-
wholesale egg prices barely steady tC
weak today. Receipts 1000. (Wholesalt
Seillng prices based on exchange anc
quotations follow: Includes MidWestern,
Mixed colors: Extras 1850 lbsl 4Il.-
80 extras. large t45-4S lbsl 4O-4li2;
4Ui2-4l "a; dirties 36-37ia; checks 30.
~ "a. Whites: Extras 1880 lbsl Al u.
~: sxtars large t45-iS lbsl 40l2-4i1s
extras medium 40-41iz. Browns; Extras
Whites: Top quality t4S-5O lbs.i 4ii3-
l3l2: mediums 40-4OIa: smalls 81 10
Browns; TOP quality 1850 lbsl 40
Butter barely steady. Receipts 400 900
wholesale prices on bulk cartons (freshl
Creamery. a3 score lAAi 500 cents
~ score ~ 59h4-59l2; 90 score (Bj
unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
FOREIGN EXCHANGE

NEW YORK, May II R.-Foreipn ex-
change rates follow Great Britain in
dollars, others in centsI:
Canadian dollar in New York open
market, 21/32 per cent premium or
1O0.S49s U. S. cents, unbalanced
Europe Great Britain tpound),
50 81 /32, off lf32 of a cent: Great
Britain. 30-day futures. $50 II az, off
! 80 OF cent Great Britain. 60-day
futures, $50 f3a. of f32 of a cent;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
NEW YORK STOCK EXCHANGE
Furnished BY the Associated Press

Stock and Add Net
Dividend Rate 90 High Low LIS chg.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17
Tests in Dictution

Only 10 per cent OF SAC BUSH
ness executives were rated as ex-
lcellent at dictation in tests con-
Quoted BY the Gray Manufacture
ing Co. producers OF dictation
equipment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-05-17

WdMd e LothrOp pf . lob los
xEd dividend. b Books closed. tPluI
extra OF extras a Declared or paic
so far this year Paid 10 1855
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-18
Chino and U. N.

Communist China suffered am
other defeat in her perennial at
tempts TO gain membership in the
United Nations last week. BY .
vote Of ~ to "a with eight absten-
lions, the General Assembly APP
proved O United States proposal 10
postpone debate on the Red bid
until next year.
The Assembly debate was enliv-
ened by a bitter exchange between
midas chief delegate. v. X.
Krishna-Menon. and United States
Senator William F. Knowland. The
California Republican and Senate
Minority Leader, q member Of the
United States delegation. had issued
a statement In which he expressed
his personal view" that he was
shocked" that India had "appar-
entity become the floor leader for
the Soviet drive 20 bring Communist
China into the U. ~"
Scathingly. Mr.. Krishna- Menon
protested the Senator's attack as
questioning the integrity Of India
and himself and q "disservice 20
the cause Of international friend
ship" As 70 the Senator's being
shocked" Mr.. Krishna- Menon
suggested acidly that "this Is a
state Of mind. and the thing 10 do
IL visit a doctor. q psychopath. or
somebody Later. the ofiicisl text
was changed TO read visit . pty-
etiatrist."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-18
Western Europe Now Faces Long Oil Shortage

a far more difficult problem than
finding facilities to transport 1t. In
the Middle East, they could buy oil
with their own currencies; at
United States ports they must use
dollars--and they haven't enough
Of them.
Last week, the problem Of pay
ments grew more critical. ESQ
Standard Oil Co. raised the price
Of heavy fuel oil IS cents a barrel
along the Atlantic Seaboard. and
petroleum executives meeting in
Chicago forecast more price in
creases shortly.
On the London market. charter
rates for oil tankers SCARED 10 rec
ord highs. One crude oil charter
from the. Caribbean 10 Finland was
closed at the usual scale plus 400
per cent. and most charters we're
closed at from 200 10 300 per cent
above scale.
These increased prices. coupled
with the dollar shortage. viii con-
tinue 10 prevent European nations
buying very much United States oil
before President Eisenhower gives
the nod 70 MEEC. When that time
comes. short-term dollar loans are
expected 10 be made available 10
purchasing nations by the Export
Import Bank. and it's possible that
the President will ask Congress 70
extend .long-term aid II the oil
shortage Is stan critical next Janu-
AIRY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-18

The Russian suppression Of
L. the revolt in Hungary, where
in a few savage and bloody days.
almost 5000 Red Army tanks and
100000 soldiers obliterated the
spontaneous uprising Of the Hun
garian people against their vas
salage to Moscow (see THE An
guish Of Hungary" by Relman
NORM on Page A-33).
= Red China, making its annual
Ae bid for membership in the in
ternational body. In this years
heated debates. the United States
and it's allies again emerged vic
torious, heading off Peiping's de-
mand to replace Chang Kai-shek'S
Nationalist regime.
In a third development of major
significance, although one not i'm
mediately a matter for the U. NJ.
Poland's Observation-Disclosures Red
chief Wladislaw Gomulka continued
almost unchecked his program for
a national" communism as free
as possible from Soviet domina-
ton.
And finally in perhaps the most
startling of all the weeks news
events in the Communist world was
the revelation on Friday that Yugo-
slavia's redoubtable Marshal Tito.
in a speech to his Communist
Party followers, had labeled the So
Wet military intervention in Hun
gary as "a fatal error"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-18
Middle East

The initial police efforts Of the
U. N. in Egypt appeared to be
getting of to a slow but smooth
start yesterday. A 350-man van
guard of the U. N. units. officially
denominated the U. N. Emergency
Forces. and scheduled to comprise
more than 5000 men from II ma
tons when the force is complete.
were quartered in the former Brit
ish barracks at Abu Suweir await
ing orders.
Just what those orders would
entail was a matter of conjecture.
There we're widely differing expec-
tations, ranging from the belief
that the U. N. troops would actually
occupy the canal zone itself to the
Egyptian notion that the force
would move to the Israel-Egypt
demarcation line. The actual dis
position Of the U. N. keepers-of-
the-peace awaited the results of
talks between Mr.. Hammarskjold
and Egyptian President Canal
Abdel Nasser, which began Friday
afternoon in Cairo.
The Soviet Offer
Despite the prompt action Of
the member nations Of the U. N.
force in dispatching their troop
contributions to Egypt. the week
was replete with new and menacing
tensions.
Most disturbing was the harden
ing Soviet Union attitude toward
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-18

volunteer threat academic. The So
Wet Union, however, served sharp
notice on the Western world that
Moscow was not about to withdraw
from her role in the, Middle East
controversy.
In bluntly worded messages to
British Prime Minister Sir Anthony
Eden, French Premier Guy Mollet,
and Israeli Premier David Ben
Gurion, Soviet Premier Bulganin
warned that British, French and
Israeli troops must be withdrawn
from Egypt promptly.
Mr.. Bulganin again suggested that
the U. N-sponsored cease-fire was
only a breathing spell to permit
a further military buildup in the
Suez area, and he demanded that
the U. N. Emergency Forces be
barred from the canal zone itself.
The effect of the Soviet note was
to stiffen the attitude of Col. Mas
ser in his negotiations with Mr..
Hammarskjold. The nature of the
Egyptian reservations to the U. N.
mission appeared at first glance to
limit their effectiveness to that Of
overseers of the 1948 truce agree
ment with Israel.
But the U. N. secretary general,
facing up to. the staggering chal-
lenge to his abilities as a compro-
miser. persisted in his efforts to
make the U. N. action successful in
restoring peace and commerce to
the Middle East.
The Pearson Proposal
In the U. N. General Assembly,
red-eyed delegates after a taxing
week of debate on matters of criti-
cal Importance to the survivai of
the lnterna t onal organization,
heard appeals by Lester Pearson.
Canadian Secretary of State for Ex-
ternal Affairs. that the U. N. make
full use of the momentum gained
in the action in the Middle East.
Mr.. Pearson, emphasizing that the
time to strike was now, pressed for
immediate efforts toward a perma-
nent solution to the explosive
Palestine situation.
Initial reaction to the Pearson
proposal was cool. The United
States brushed aside the plea OH
the formal grounds that the normal
procedure of the U. N. General AS
sembly should be followed-which
would mean about 10 days Of formal
speeches by heads Of delegations
before anything concrete could be
considered. The United States posi-
ton here seemed to be one of tacti-
cal delay-wait and see what the
events Of the next week or so will
bring.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-18

Western European nations moved
last week TO cut back oil and gas
consumption by from 10 to Is per
cent. as panicky motorists lined up
at gas stations to I'LL everything
from milk bottles to wine casks.
But the oil drought. If prolonged.
will have far more serious conse-
quences than inconvenience to car
owners. The bulk of oil imports
are used by industry, and in nations
without coal. like Italy and France.
an oil shortage can be as Gripping
as a general strike.
Delivering a stern warning before
the National Press Club last week.
Britains new Ambassador. Sir
Harold Caccia. said NATO would be
weakened TO an appreciable degree
in the military sense" II the United
States failed to send needed oil at
once.
AS producer Of a. per cent Of the
worlds petroleum. the United
States Is Western Europe's only
hope for immediate relief. Far
from suffering a shortage here. our
petroleum industry has complained
for months Of an oil surplus ana
presently owns above-average stocks
Of 1879 million barrels Of crude oil
at East Coast and Gulf ports.
Furthermore. the industry is capa-
bic Of increasing daily United States
output Of Z million barrels By an
additional / million or more.
Last week. however the United
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-18

In so doing, he removed the threat
Of Federal antitrust action against
the oil producers for working to-
gether to supply Europe.
Officials Of the Interior Depart
ment'S oil and gas division are
optimistic about the amount Of oil
the United States could send TO
Europe under the MEEC plan. They
believe an additional 600, 900 barrels
a day could be piped to Gulf ports
without altering existing lines, and
that enough tankers can be di-
verted from the Africa route 70
transport the United States oil TO
Europe. II the shortage continues
for several months, they predict a
million barrels a day could be
shipped to Europe. In any event.
they feel sure that combined oil
shipments from the Western
Hemisphere and around Africa will
be sufficient TO save our NATO
allies from economic disaster.
1t Is likely. however. that even
with the MEEC plan in high gear.
Western Europe would suffer a
shortage Of some 5000 barrels Of
oil a day. and may have 70 curtail
motoring. diesel rail travel and
non-essential industrial production
as long Is the Middle East oil is
cut Oh.
Payment Is Problem
For Western European nations.
paying for United States oil poses
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-18

States Government decided to use
the European oil shortage as a
powerful economic lever to pry
Britain and France out Of Egypt.
The strategy was simple: DO
nothing about supplying oil to any
Western European nation--includ-
ing those innocent Of Middle East
ern Internationally British and
French forces are withdrawn from
Suez.
co-ordinotins Group Available
Presumably, when intervention
ist armies are replaced by United
Nations peace forces, President
Eisenhower viii reactivate the
Middle East Emergency Committee,
formed last summer when Egypt's
President Nasser first threatened to
nationalize Suez. The committee.
composed Of representatives Of 10
major oil companies, will then CO.
ordinate United States petroleum
shipments to Europe TO make the
most eficient possible use Of
ta1kers and domestic pipeline
facilities. oil companies also plan
TO step UP production--at a
cautious rate--to meet the in
creased foreign demand.
Although the plan Of cooperation
among major oil companies contains
what the Justice Department calls
objectionable, anticompetitive fea-
lures" Attorney General Herbert
Brownell reluctantly" approved
the MEEC program late last week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-18
PRICE OF WAR
By HUBERT KELLEY, Jr.

The oil drought in Western Eu-
rope begins this week. with no quick
end in sight.
The last tankers to pass through
the Suez Canal have already
reached European ports. and the
first tankers to ply the long l3.500-
mile route from Middle East oil
ports around the tip Of Africa will
not arrive for at least two weeks.
Meanwhile. the only sources Of
Mediterranean oil still available are
taplines in Lebanon. delivering but
$4,000 barrels a day. On a normal
day Western Europe would import
2.3 million barrels Of oil from the
Middle East. the bulk Of it through
the now-blocked Suez Canal and
Syrian pipelines.
U. S. Aid Is Needed
Even when tankers begin arriv-
ing via the Cape OF Good Hope
route. Western Europe will continue
70 face a Serious--and possibly
desperate--oil shortage this winter
unless United States aid comes
soon. Tankers can make only half
as many trips around Africa as
they could through the canal 70
Europe. and II viii take months TO
repair damaged pipeline pumping
stations and 10 clear the canal OF
sunken vessels after work Is per-
mitted 10 begin.
Appraising this bleak future, most