TIME CLOCK

TAFT-HARTLEY amendments this year stand good chance of passage. Reason: Labor Secretary Mitchell is bringing together union and management leaders from separate industries, having them suggest amendments to which both groups agree. First such conference brought agreement to amend passages covering construction industry's representative elections, apprenticeship and multiemployer bargaining.

BILLBOARD BAN along new 41,000-mile U.S. interstate highway network will be asked by Eisenhower Administration. Plan is to withdraw some of federal road-building subsidy from states that refuse to pass laws requiring a 750-ft. sign-free area on both sides of the road. But plan will get fight from unions, sign companies, motels and farmers who rent land for billboards.

DAYLIGHT TIME will be tried out by Pennsylvania Railroad for all its passenger schedules beginning April 28. The first major long-haul rail line to advance its timetables and clocks by one hour, Pennsy will decide later whether to make shift every year for convenience of its customers.

CANADIAN DOLLAR is at highest premium over U.S. dollar since 1933 because of heavy investing by foreigners in the Dominion. High for the week: $1,0472; close: $1,0455. But Canadian authorities are worried that rise is pushing export prices too high.

WINTHROP ROCKEFELLER is pushing his development schemes beyond borders of Arkansas (TIME, March 11), plans to build in New Mexico, Arizona, California. His Winrock Enterprises, Inc. is getting option from University of New Mexico on 142 acres in fast-growing Albuquerque residential area, will build a $7,000,000 shopping center along new freeway there if zoning can be worked out. Winrock will give university a share of profits, pay 5% of land's appraised value in annual rental.

PENNY STOCK SWINDLE has resulted in conviction of high-pressure Jersey City Broker Walter Tellier (TIME, May 7). Federal Court jury in Brooklyn found that Tellier and two officers of bankrupt Alaska Telephone Corp. swindled 1,400 investors out of $900,000 by boilershop selling of Alaska debentures. Tellier can get up to five years in penitentiary and $180,000 in fines.

FRONT-RUNNING FORD officially took lead in 1957 road race by dint of year's first R. L. Polk registration figures. Final score for January shows sales of 110,454 Fords, v. 101,116 Chevrolets, while Plymouth captured third place from Buick by 41,262, v. 35,013.

STOCK-PURCHASE PLAN will be offered to African natives for first time. Copper-mining Rhodesian Selection Trust Ltd., controlled by Manhattan's American Metal Co., Ltd., will let both native and white workers take part of their wages in stock, and company will add 50% to it.

CONTINENTAL AIR LINES is asking CAB to end its $1,000,000 annual subsidy. Line says it can operate without U.S. help as soon as it starts new Chicago-Los Angeles run (TIME, March 11). Said CAB official: "An unusual request."

FUTURES TRADING in onions will be banned if Agriculture Department investigation finds that illegal manipulations caused recent price gyrations. Probers are suspicious because March futures, which will be traded until March 22, plummeted to 85-c- this month from $2.05 on Feb. 1. National Onion Association wants the ban, and bills calling for it go before House hearings next month.

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