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...price of bread zoomed. Last week's removal of all but the last remnants of Canada's wartime* controls sent it up an average of 3? a loaf (biggest reported boost: 6? for a 24-oz. loaf in Timmins, Ont.). It was no help to eat cake. Bakeries were all set to charge more for cake...
Harrington also had a long-range program that made Chicagoans bug-eyed. By upping streetcar and bus fares from 9? to 10? (El fares would remain at 12?), he hoped to boost the operational earnings of the combined lines, now taxexempt, to about $14 million a year (last year's earnings: $8,000,000 before taxes). With this money coming in to meet depreciation and debt charges, he planned to spend $150 million on modernization. By 1955, if all went well, Chicago would get 2,900 new buses, 600 new streetcars, 1,000 new El coaches...
...cooperative, instructed him to put unitization into effect by Oct. 1. As a unit, the field will be worked by Sohio Petroleum Co., one of the largest of the present operators. By shutting down all the wells that have a high gas ratio compared to oil, Pardee hopes to boost the field's production from a present daily average of 40,000 bbls. to 50,000 bbls. "The time will come," he said, "when new fields will be unitized before the first well is drilled...
...Bedtime Boost. The Pullman Co., now owned by a group of 57 railroads, asked the Interstate Commerce Commission for authority to boost all sleeping-car rates under $17.70 from 1% to 49%. The increases would amount to about $13 million a year. This, said the company, would be little enough considering the drop in annual revenues of $31 million compared with 1944, and a rise in costs of $26 million a year since 1942, the year of its last general fare boost...
...industries account for much of it. Electric light and power companies are in the early stages of a five-year expansion program that will cost $5 billion before it is finished. By the end of next year, oil companies will make additions and improvements worth some $4 billion, a boost of more than 22% in their total investments...