Monday, Feb. 17, 1958
FREE URANIUM MARKET will soon be set up for domestic producers, says AEC Raw Metals Director Jesse C. Johnson, in move to help troubled industry (TIME, Nov. 11). Production of concentrate in U.S. is so high that AEC no longer needs all of it. But buyers will have to get purchasing license to keep U.S. uranium from going to Iron Curtain lands.
AIR FARE INCREASE of 6.6% (TIME, Feb. 3) starts this week. Though domestic lines still want more (15% to 20% boost), all carriers have filed for new rates, say that they will apply on all tickets after Feb. 10.
RAILROAD TROUBLES are forcing Pennsylvania to reduce mainline passenger service 4%. Pennsy hopes to save $3,000,000 annually by such economies as cutting 31 trains between New York and Washington, says passengers will never know the difference.
FLORIDA FROST, third this year for a major U.S. source of winter fresh vegetables, will sharply cut supply, bring another big price boost until early summer harvest.
CAR SAVER CLUB, a plan to save down payment by installments, is being tried for first time by Seattle Dodge-Plymouth Dealer S. L. Savidge. Customer starts at $25, gets 7% interest while he saves, can get money back plus 3 1/2%.
HELICOPTER MERGER is in talking stage for Bell and Vertol Aircraft, whose 20-passenger, long-range models would complement Bell's line of smaller choppers.
OIL IMPORTS stand chance of being cut further by Government under "voluntary" plan. Commerce Department is worrying over the "increasingly serious" inventory situation caused by drop in domestic demand, which is bringing price cuts in fuel oil. One big problem: the Government itself has increased imports to 40,000 barrels of oil a day, mainly for jets, and some oilmen want it stopped.
FIRST BENELUX CAR will be manufactured this year by The Netherlands' DAF company. It is a two-door, four-passenger sedan, priced at about $1,000.
NO. 1 BREWER is again Anheuser-Busch, which lost title to Schlitz in
1955, regained it last year when its shipments rose 4% to 6,115,762 bbl. v. 6,023,608 bbl. for Schlitz.
TRAILER SALES hit record $600 million last year, a 20% gain over
1956. Some 3,250,000 Americans are now living on wheels.
KOHLER STRIKE, longest in U.S. history, is next target of Arkansas Democrat John McClellan's Senate special investigating committee. Aim is to pinpoint acts of violence since U.A.W. struck Wisconsin plumbing-fixture firm 46 months ago. Top witnesses: Kohler Boss Herbert V. Kohler, U.A.W.'s Walter Reuther.
G.M. GIVEAWAY, a 300,000-entry employee contest, will pay $500,000 for best letters on what automaker's first 50 years have meant to workers, their families and communities. First of some 5,000 prizes is $35,000 house.
PACIFIC ROUTE BATTLE between Northwest Airlines and Pan American has been won by Northwest. Pan Am wanted to fly to Tokyo from West Coast via Alaska, a monopoly "now held by Northwest. CAB turned down request, and White House concurred.
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