UTILITIES: The Big Poker Game
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The new gas pact has not been formally approved by FPC, which originally rejected Canadian gas on the ground that no area of the U.S. should be dependent solely on foreign supplies. At the same time FPC left the door wide open for Canada to supplement U.S. supplies. Thus oilmen thought FPC would now be glad to put its blessing on the import of Canadian gas.
*Proven reserves: 5 trillion cu. ft., enough to blanket all of Texas with a 6-in. layer of gas.
*His first gamble on Broadway was a 17% investment in Pajama Game. To date, his $34,000 has been returned several times over; his shares may be worth upwards of $100,000 more.
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