Time Clock, Jan. 25, 1954

RANDALL Commission's long-awaited report on foreign trade, due to come out this week, won't tear down tariff barriers right and left. Some recommendations: 1) extension of the Reciprocal Trade Act for three years; 2) permission for the President to cut tariffs by a maximum 5% a year during the period; 3) liberalized tax treatment to encourage overseas investment by U.S. firms.

CIGARETTE sales have been hit harder than tobaccomen like to admit. In 1953 consumption dropped 2%, the first dip in 21 years.

AMERICAN Airlines, the biggest domestic air carrier, has hung up a new target for the industry to shoot at: a...

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