Word: dieselization
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...other hand, the huge U.S. oil industry, which had thought last spring that the boom was over, changed its mind. The vast production of new cars, diesel engines, oil heaters, etc. had swelled oil demand so much that the U.S. Bureau of Mines forecast greater demand this year than last. The bright outlook caused oil shares to pace the recent stock market upswing. The market got a new lift this week from the prospect of a settlement of the steel wage dispute (see NATIONAL AFFAIRS). In the first day's trading, steel shares gained as much as a point...
...Uses diesel oil for fuel...
...General Electric Co.'s Erie works this week, railroad men will get their first good look at a new locomotive. It resembles a diesel on the outside, but is radically different on the inside. The engine, developed over a five-year period by G.E. and American Locomotive Co., is a gas turbine-electric locomotive, the first of its kind in the U.S. It was ready for test runs on the Union Pacific Railroad...
Although still in the development stage and costly to operate, the new locomotive puts out twice as much horsepower as a diesel of comparable size. G.E. and Alco hope to develop a gas turbine-electric unit that can run economically on coal, and will need overhauling only after 15,000 hours of operation (three times as long as present-day diesels). G.E. and Alco think that someday the gas turbine-electric engine may replace the diesel...
...Louis one day last week glided a diesel-powered Burlington train with a cargo of bigwigs from the coal, oil and auto industries and the Department of the Interior. The big diesel was burning oil made from coal-the first time in U.S. railroading that a train has ever run on synthetic fuel...