STOCK TRADING on New York Stock Exchange is up almost 10% from last year's bull-market level. Round-lot and odd-lot trading stands at 232 million shares, v. 211 million a year ago--a plain sign that the public has plenty of money.

MACHINE-TOOL ORDERS, one of the economy's barometers, fell 22% from March to April after three months of climb. New orders in April totaled $28.3 million, with almost one-fourth from foreign lands, where automakers continue to buy U.S. tools.

CHRYSLER PAY CUTS will take three weeks' salary from all officers, two weeks' pay from employees earning more than $15,000 and one week's from those drawing more than $10,200. President Tex Colbert will lose $14,475 of his $250,900 yearly salary.

RESEARCH OUTLAYS are still on the rise. Poll of 500 key firms by American Management Association showed that 93% will equal or top 1957 investments in research. Of last year's $10 billion outlay by Government and private sources, bulk went to development of aircraft, machinery, chemicals.

VARIABLE ANNUITIES, with payments pegged to market value of stocks, need not be regulated by SEC, ruled U.S. Court of Appeals in Washington. Decision was major legal victory for variable annuities, especially Prudential Insurance Co., and setback for advocates of regulation, particularly the National Association of Securities Dealers. Opponents plan appeal to U.S. Supreme, Court.

PILOTS' STRIKE at Western Air Lines has ended after three months. Main issue was pilots' demand that Western's soon-to-arrive Lockheed Electra turboprops carry three pilots instead of two (TIME, May 5). In settlement that is important to whole industry, pilots agreed to put off debate until 60 days before jets arrive, and then to fly them while negotiations proceed.

This file is automatically generated by a robot program, so reader's discretion is required.