May 24, 1953

Auriol to ask Socialist G Mollet to form Govt; Y Delbos on situation

With the long controversy over title to offshore oil lands ended last week, when President Eisenhower approved legislation to confirm state title to submerged areas within their historic bound aries, a large new area of potentially rich petroleum deposits has been opened for development by American oil companies.

thunderstorms; heavy damage

Loans to business accounted for more than one-third of all new investments by the nation's $75,000,000,000 life insurance industry in the first quarter of this year, with the rate of return running close to 4 per cent, according to the Institute of Life Insurance.

Conflict among Western nations over trade now appears headed for some basic decisions.