U.S. GOLD STOCKS ROSE for the
first time since July 1959. The $11 million increase in the week ended March 15 was the greatest gain since December 1958.
GOVERNMENT SUIT was filed by Justice Department and TVA against five of the 29 U.S. electrical companies convicted of price fixing. Damages and penalties could hit $12 million. First job casualty among the seven executives sentenced to 30-day jail terms was G.E. Vice President William S. Ginn, who resigned his $125,000 post as manager of G.E.'s turbine division, because "current circumstances severely limited my effectiveness in my present position."
FLORIDA-CALIFORNIA air routes were awarded to National...