ATOM-POWER LEAD in race to supply world market with reactors has gone to General Electric Co. In key competition, with seven atom experts called by World Bank to help judge, G.E. won contract to build 150,000-kw. boiling-water-type reactor for Italian government near Naples. G.E. will also build West Germany's first power reactor.

BLOW FOR FREER TRADE was struck by President Eisenhower, who refused Tariff Commission's recommendation to double 30% duty on umbrella frames. Boost would have aided four U.S. producers, who employ fewer than 500 workers and whose unit sales are running about 10% ahead of last year. It would have irritated friendly exporter nations such as Japan, West Germany, Austria.

A. & P. VOTING STOCK, owned until now by heirs of founding Hartford family, is expected to go on mar ket shortly. Wall Street reports that Hartford heirs will sell; that non-voting common now in public hands will be split ten for one and given a vote; that non-voting preferred will be exchanged for voting common.

NEW LABOR POLICY will broaden power of National Labor Relations Board to handle disputes in smaller firms. In past, board heard only cases that had big effect on commerce; in future, it will also hear cases of retail firms with sales as small as $500,000, other firms with sales of $50,000.

TOBACCO-DRUG MERGER is expected for R. J. Reynolds (sales: $1.05 billion from Camel, Winston, Salem, etc.) and Warner-Lambert (sales: $158 million from Listerine, Bromo Seltzer, Richard Hudnut, ethical drugs, etc.). Reynolds, which would survive in stock swap, would get new line of consumer goods and big foreign distribution system.

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