Word: oils
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Dates: during 1940-1949
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Despite this friendly admonition from K. P. Chen, Shanghai banker and nonpartisan State Councillor, and similar advice from other well-informed Chinese, Time Inc.'s Nanking correspondent, Frederick Gruin, went (by air, truck and afoot) to China's huge, little-known, mineral-and-oil-rich Sin kiang province on the borders of Outer Mongolia and, with luck, came back with his story. Those of you who read TIME'S account of it in the October 6 issue know that the story turned out to be another important piece in the pattern of Soviet encirclement of China...
Despite pep talks to labor, Argentine factory production is down 40%. Despite import curbs, gold and exchange resources are dropping at the rate of about $2,000,000 a day. Shortages multiply in such essentials as oil. Last week, in his own way, President Perón explained what all this meant to his Five-Year Plan: Said he: "Other governments . . . when they initiated a project calculated whether they could finish it in four or five years' time so that upon completion they could install plaques with the names of the President and his ministers. ... I have projected...
...reason for all this was a familiar one: the chronic freight-car shortage had become critical again. There were not enough cars to haul coal, wood, oil as fast as they could be produced...
...handful of U.S. oilmen, in the path of the Japanese advance through Sumatra, fired the Standard-Vacuum Oil Co.'s* $30,000,000 Palembang plant, biggest U.S. refinery in the Far East. Dutch soldiers held off the enemy until the oilmen escaped. The new Japanese proprietors rebuilt the refinery, saw their work undone in two Allied air raids. Few U.S.-owned plants in the Orient had taken such a beating; few staged a faster recovery...
Night owls developing a hungry feeling in the pit of the stomach as the lamp oil runs low have been finding it difficult to plan their midnight snacks at local cafeterias in keeping with the regulations of the Truman food program...