FIRST NEW YORK TO MOSCOW through flights were started by Belgiums Sabena 707 jets. Trip takes 11 hours including a stop in Brussels. Round trip deluxe fare: $1,295.70.

WORLD STEEL SPENDING for expansion and modernization of production facilities will total nearly $5 billion in 1960, estimates the American Iron and Steel Institute. No 1 producer, the U.S., will spend $1.6 billion, No. 2, Russia, at least $1 billion.

"MAGIC COUCH" CLAIMS made by Stauffer Laboratories, which advertises that its couch removes "unwanted inches and pounds," are false charged the FTC. Any weight loss from Stauffer's reducing plan comes from calorie cutting, says the FTC not the couch.

PERSONAL SAVINGS totaled $14 billion in the U.S. last year, $2.5 billion less than in 1958. Although total financial assets of individuals showed greatest increase since 1945, debts also increased by a record amount.

AUSTRALIAN HOTEL CHAIN will be built by U.S. Hotelman Conrad Hilton and Stanhill Holdings Ltd., which runs Australia's Chevron hotel chain.

Their joint company will spend $75 million in the next five years, building five new hotels and improving three Chevron hotels in Australia and New Zealand, bringing the number of Hilton hotels to 62 on every continent except Antarctica.

CENSUS DATA that manufacturers are required to file with the U.S. Census Bureau cannot be used by federal agencies in suits against the companies, ruled a Federal Court of Appeals Said the court, noting that all census schedules give assurances of confidentiality: "The U.S. has given its word and should be permitted to keep it."

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