Word: hike
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...FARE HIKE of 6%, which eight of nation's big trunk lines are scheduling for April, will probably be vetoed by CAB. But Capital and Eastern will ask board to throw lines a bone by permitting $1 extra "terminal charge" on each ticket...
...coming from Congress. While Senate is considering boost, House voted a $500 million increase in amount Federal National Mortgage Assn. can borrow from Treasury to buy U.S.-insured mortgages from private lenders. Bill will tide over Fannie Mae until June 30, by which time Eisenhower Administration hopes to hike agency's borrowing power by $1 billion...
SOFT-COAL PRICES will go up about 25? a ton although demand is dropping. Reason: 200,000 miners are getting 80?-a-day raises on April 1. Hike will hit coal-burning utility companies hardest...
...fallen on the state regulatory commissions, particularly the Texas Railroad Commission, which controls 45% of all U.S. oil production and so far has refused to boost its allowables appreciably. The independent oilmen who dominate the Texas commission have created an artificial shortage of oil and used that shortage to hike the price of crude oil 12% to a record average...
...difficult for them to increase production. They declare that any production increase would only benefit major producers with big wells hooked into pipelines; small producers would still have to truck their oil to market at the high cost of 35? per bbl. Furthermore, independents fear that if they hike production to ease a short-term crisis in Europe, they will be stuck with a big surplus once the crisis is past. The problem could be solved easily, say the independents, if the big companies would divert their heavy oil imports from Venezuela to Europe instead of using them to supply...