Business: Unbounded Standard

When the Standard Oil Trust was dissolved in 1911, Standard Oil of New York took New York and New England as its province, Standard Oil of New Jersey got New Jersey and the Middle Atlantic States and each agreed to keep out of the other's territory. Standard of New Jersey was the first to step out of bounds; in 1929 it acquired Beacon Oil Co. with retail outlets in New York and New England. Last week Standard Oil of New York (now Socony-Vacuum) seemed on the point of retaliating...