NEW MODEL AUTOS will not be introduced until October, despite reports that Detroit plans to roll out some 1957 models by Aug. 1. Automakers are worried that rumors of summer model changes are cutting into sales. Buick has even sent dealers letters flatly stating that its new line will not be in production before November.

MERGER CURBS will be set up in a bill expected to pass Congress this session. The bill requires corporations to give the Government 90 days' notice before a merger can take place, thus would give trustbusters time to intervene.

MGM'S OLD MOVIES, Hollywood's richest untapped hoard for TV, are up for rent or sale. Estimates on the price of the 3,000 pre-1948 movies (including 800 silent films and 1,100 shorts) run as high as $110 million v. the $21 million paid by TV for Warner's backlog.

OIL CONSORTIUM operating Iran's oilfields is working out better than expected. The eight-company, four-nation combine is considering hiking its 1956 production guarantee by 4% to 188 million bbls., plans to pay Iran $100 million in royalties this fiscal year.

NAVY'S DEMON JET FIGHTER, which was a $200 million flop with underpowered Westinghouse engines, is finally getting airborne. Six planes with Allison engines have passed flight tests and joined the fleet. The Navy, which was sharply criticized by a House subcommittee for its part in the fiasco, along with Planemaker McDonnell, now thinks all the bugs are licked, will spend another $55 million for more Demons.

RAID ON BRINK'S By the New York holding firm of Pittston has caused an uprising within the armored car company. Brink's Chairman J. D. Allen has joined the raiders, sold 44,500 of his shares (at $36 apiece) to Pittston, which wants to merge the company with its own U.S. Trucking Co. But President H. Edward Reeves and four of the seven board members are fighting back, plan a showdown at the annual meeting March 27.

FIRST FOREIGN LINE to fly Lockheed's 410-m.p.h. turboprop Electra will be The Netherlands' KLM Royal Dutch Airlines, which has ordered twelve of the transports (total cost: $30 million) for delivery in late 1959. Lockheed now has 116 Electras on order, expects to sell more to European airlines.

NEW URANIUM SOURCE being developed by Ohio Oil Co. is lignite, or brown coal. The AEC has agreed to buy the uranium concentrate if recovering techniques being tested prove economical. The lignite deposits in North and South Dakotas bear a "significant" amount of uranium, says the AEC.

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