Time Clock, Aug. 26, 1957

SHIPPING BUSINESS is sinking close to lowest ebb since World War II, and transocean charter rates are down about 50% from peak of Suez crisis. Should recession continue, it will run older, smaller ships off main sea routes. Some ships are already being laid up, but most operators hope to ride out temporary storm, are still placing orders for new ships.

JAPANESE CARS will soon make bid for share of U.S. market. Japan's Toyota automobile company in September will send over models of its four-door, 55-h.p. "Toyopet Crown de Luxe," which gets up to 69 m.p.h. from four-cylinder engine. Car sells for...

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