JUNIOR-SIZE COMPACT with a slide-out engine for easy servicing is being developed by Ford, but, if mass produced, would not be on the market before 1962. The four-cylinder car would be smaller than a Volkswagen, with an 85-in. wheelbase and front-wheel drive, would sell for less than $1,700.

FEDERAL FAIR-TRADE BILL, which would allow manufacturers to set minimum retail prices for their products anywhere in U.S., was tabled by the House Rules Committee, thus killing it for this session.

DEVELOPMENT COSTS of five-year industrial plans of India and Pakistan must total $8.5 billion in foreign aid to do the job. Bankers that made estimate praised goals (5% G.N.P. increase for India, 20% boost in Pakistan) but warned agricultural autarky should come first.

KRUPP INDUSTRIAL EMPIRE, decentralized after World War II, was reunited with merger of Krupp's coal, steel and iron-ore divisions into Rheinhausen Coal & Steel. Sole shareholder: Alfried Krupp.

CHEAPER DRUGS ABROAD are being purchased by U.S. armed forces. First shipment for 5,760,000 tetracycline antibiotic tablets was bought in Italy for $500,000. Lowest U.S. bid for same lot "was Pfizers: more than $1,000,000.

U.S. SMOKERS continue to puff away at record rates, as February cigarette shipments reached a new high (35.2 billion) for eighth month in a row. Cigars showed 7% increase over the same month in 1959, with shipments of 485 million.

FOOD MERGER will join Hunt Foods (sales last year: $147 million) with Wesson Oil and Snowdrift Co. (sales last year: $160 million) if stockholders approve. Hunt already owns more than 50% of Wesson's common stock.

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