FIRST ALL-RADAR AIRWAY, in which ground controllers can "see" every plane in skies, will open between New York and Washington by October, soon after will be extended south to Norfolk and North to Boston, later to Chicago. CAA is installing 16 long-range radar ground stations in New York-Washington-Chicago triangle.

SHIPBUILDING SLOWDOWN is growing serious. U.S. shipyards have had no new commercial orders since March. Work under way in yards will soon dip below 3,000,000 tons for first time in 18 months.

MONTGOMERY WARD opened its first shopping-center retail store in Denver. Over next two years it will spend $84 million to go into 17 other shopping centers.

OIL-RICH ALGERIA will get its first refinery, and it will be North Africa's biggest yet (daily capacity: some 40,000 bbl.). Plant will be built, probably near Algiers, by combine of Mobil Oil, Standard Oil (N.J.), Shell, British Petroleum and three French firms.

EXPORT INSURANCE will go on sale by Continental Casualty Co. Sept. 1, will protect U.S. exporters against foreign political and credit risks, make it easier for them to get loans and extend credit to importers.

WEST COAST BANK MERGER will unite the California Bank and First Western Bank & Trust Co., satellite of huge Firstamerica Corp., to form giant California Bank, with $2.25 billion in resources, 165 branches.

AIRLINE MERGER may be coming between Northeast (six-month loss: $3,283,533) and Capital (six-month loss: $728,611), would make economic sense by welding basically regional operators into combine of long-haul plus short-haul routes.

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