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Independent in Long Beach, California

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Articles on This Page

This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Independent

Location

Long Beach, California, United States of America

Date

May 23, 1957

Page

4

Roosevelt action on oil price inquiry begins

Federal anti trust grand jury in Alexandria Virginia opened an oil price fixing inquiry. The investigation concerns major oil companies and is described as a second probe with no connection to an earlier inquiry. Victor R. Hansen stated the grand jury's scope and start date as March 4.

Washington Feds Justice Department Activision Lve al Grand Jury Alexandria Booth Bend Ind Victor R. Hansen Tion Roosevelt Hansen

Oil-Import Opponents Plan Drive Against Price War

Witnesses from Sun Oil Obla Oll Phillips Oil Socony Mobil and Standard Oil testified before the House Small Business subcommittee that they received identical calls on April 30 from salesmen saying price wars must end and prices rise to 319 cents per gallon by May 1. The hearing, part of two-day petroleum distribution reviews, spurred proposals for import-relief measures and a potential grand jury probe into possible antitrust violations.

South Bend Sun Ol Co. Obla Oll Company Phillips Oil Co Socony-Mobil Gasoline Co Standard Oil Co

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