MEN'S SUIT PRICES, holding stable this year, will rise $5 a suit on 1960 fall lines, says Jerome I. Udell, chairman of big Gramercy Park clothes. Industry looks for 7% hike in labor costs with new contract next spring, plus other higher costs.

DRUG PRICE INVESTIGATION is planned by Tennessee's Democratic U.S. Senator Estes Kefauver as chairman of antitrust subcommittee. The subcommittee will examine competitive practices among the drug manufacturers to see whether similar prices are come about by accident or by design.

TRADE WITH REDS is picking up considerably as a result of Moscow fair displays of U.S. goods. Third-quarter exports to Reds jumped to $11.4 million v. $7.2 million in second quarter.

POSTAL RATE HIKE on parcel post packages and other fourth class mail will go into effect Feb. 1, 1960.

Rates will go up an average of 17%, with sharpest increase in low-weight, short-haul packages.

AUTO PHONOGRAPH is being offered for 1960 Plymouths and De-Sotos. The 45-r.p.m. record player will cost $51.75, play 14 records for two hours.

AIR FARE CUTS will come fast next year on international routes. Starting in April, British European Airways will chop prices an average 17% on 400 fares throughout routes in Britain, Europe and the Middle East. Scandinavian Airlines (SAS) will cut air-freight rates as much as 80% next spring.

ATOMIC POWER PLANTS, of practical, small size, are coming along fast. North American Aviation has developed 220-lb. reactor that is no bigger than a 5-gal. milk can but produces 3 kw. of power. Small power package was originally designed for space satellites.

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