GERMAN COAL TARIFF of $4.76 per ton on all imports over 5,000,000 tons will cut U.S. exports to Germany (10 million tons in 1958), although U.S. coal is $4 per ton cheaper than coal from less efficient Ruhr mines. Bundestag responded to pressure from German miners, who were laid off as coal stocks rose from 750,000 tons in 1957 to 13 million tons in 1958.

MADISON SQUARE GARDEN is now controlled by the Graham-Paige Corp., investment company which paid about $4,000,000 for 40% of the sports arena's stock, owned by James D. Norris and Arthur M. Wirtz, who were forced to sell the Garden in compliance with a federal court order.

GOLD BAR TRADING is starting on the Toronto Stock Exchange, will plug Canadian gold, meet investors' growing demands for a hedge against possible U.S. dollar devaluation, i.e., by revaluing gold upward. Bars, weighing about 2.2 Ibs., cost around $1,100, but margin buyers need put up only $34.

BAD CHECKS are increasing. In fiscal 1958 the FBI investigated $8,000,000 worth, including one check drawn on the "East Bank of the Mississippi."

TEAMSTERS DRIVE to organize 70,000 of Sears, Roebuck's 205,000 employees in mail order, warehouse and service station operations has met with little success. Admits one Teamsters official: "It's going to be an awfully long campaign, as long as five years."

FASTEST CIVILIAN JETLINER, the Convair 880, with a rated speed of 615 m.p.h., made its maiden flight over California, will go into airline service in the spring of 1960.

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