Time Clock, Jun. 27, 1960

AIR FARE HIKE was granted to twelve domestic and trunk lines. Increase effective July 1, will come in form of additional 2½% charge on each ticket plus $1 for each one-way ticket. New fares will raise revenues by about $84 million annually.

ZECKENDORF HOTELS will discontinue their 130,000-credit-card system in favor of American Express card. Reason: it is cheaper for hotels to pay American Express a 3% billing charge than to run their own system.

W. GERMAN UNEMPLOYMENT has dropped to an alltime low, with 500,000 jobs open and only 153,000 unemployed to fill them. Economic boom is so great that rumors...

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