Facts & Figures

Red Ahead? The packaging industry, which has to work well in advance of most manufacturers, is inclined to think that the crest of the boom has been reached. In a poll by the American Management Association, 67% of the packagers said they thought a mild recession was not far off. The majority opinion: the recession would start in five to nine months, last six months to a year.

Red Behind. Proud as any small country bank, the International Bank for Reconstruction & Development announced that it had come profitably through its salad days. In nine months, President John J. McCloy had turned the World Bank's $1,063,805 deficit into $1,178,792 profit. Chief income: interest on $497,000,000 in loans to France, The Netherlands, Denmark and Luxemburg.

Rate Peace. CAB called a halt to the rate war between scheduled and independent air freight carriers (TIME, Oct. 6). It set a new minimum rate of 16-c- a ton mile for the first 1,000 miles, 13-c- thereafter. CAB thought that lower rates "would endanger the sound development of the air freight industry."

Third Time Around. ICC granted Class I railroads an average boost in freight rates of about 4.2%, the third increase since last October (total average increase: 21.4%). Class I railroads stood to add about $300,000,000 to their revenues, which had been sharply cut by increased labor and operating costs.

Happy Landing. James M. Landis, ex-CAB chairman, was elected a director of Colonial Airlines. It was his first re-entry into the aviation industry since he left his CAB job (TIME, Jan. 12).

No Color Line. By repealing a 62-year-old law, New Jersey became the first of the 21 "butter" states to allow margarine manufacturers to color their product yellow for retail sale.

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