TREASURY BORROWERS will seek $1.7 billion in new cash to complete financing for first quarter of fiscal 1960. Money will be raised through sales of Treasury and tax-anticipation bills because of improved market conditions.

NEW TITAN NOSE CONE will be developed by Avco Corp. under $73,360,000 Air Force contract. New design will permit faster re-entry into the atmosphere by dissipating excess heat through erosion of high-heat resistant materials.

AIR COMMUTER TICKETS are being offered by Capital Airlines for flights between Chicago and Minneapolis-St. Paul. Booklet, good for five round trips over one year, offers no dollar savings but permits holders to avoid time-consuming ticket pickups. Customers simply reserve flight space by phone, present tickets when they board the plane.

LARGEST MEN'S WEAR retail chain will be formed by merger between Richman Brothers Co. (118 stores in North and Midwest) and Stein's Stores Inc. (90 stores in South and Southeast).

RAIL STRIKE INSURANCE pact is virtually certain of adoption by major railroad managements in preparation for negotiating the new long-term contracts in autumn. Plan is similar in principle to airlines' strike pact (TIME, Nov. 10), would insure strikebound railroads for up to $600,000 per day to cover all fixed operating expenses.

WHEELLESS AIR CAR will be produced by Curtiss-Wright Corp. this fall. Four-passenger car rides a foot above rough terrain or water on a cushion of air, may be first used by oil industry, military, farmers. Car is powered by two engines (300 h.p.) that operate large fans generating air cushion deflected by louvers to produce top speed of 60 m.p.h.

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