RED TRADE THAW by Commerce Department promises to increase U.S. exports to Russia. Decision to grant license to Omni Products Corp. to ship $1,000,000 worth of plastic-pipe production machinery to Russia is seen as part of move by Commerce Secretary Frederick Mueller to encourage individual trade deals.

CORPORATE GIFTS to higher education last year rose to $137 million from $110 million in 1956. Overall corporate donations to philanthropies hit record $550 million, up from $418 million in 1956.

STATE TAX EXEMPTION for businesses that have no offices or other property in the taxing state was approved by Congress, is virtually certain of President's approval. Bill is designed to limit power of state to tax outside corporations on income earned in state, following U.S. Supreme Court decisions that broadly upheld such a right.

TIRE PRICE INCREASES for auto and truck tires are coming soon. Truck manufacturers have been notified of 3-5% price hikes, and passenger-car-tire increases are expected.

MISSILE-INCENTIVE contract at cost of $29,209,851 was won by General Electric Co. to build Thor IRBM nose cones. First Air Force incentive contract in missile field will mean bigger profits if G.E. effects production savings and exceptional product performance.

RATE-TEST CASE that was won by railroads will bring lower rates for freight shipments in competition against truckers. ICC precedent allowing roads to slash paint freight rates was first major test for transportation act to aid ailing railroads.

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