HOME-BUILDING BOOM will continue during second half of 1959, may be equal to or better than first half when private housing starts ran at annual rate of close to 1,400,000. For first five months of this year, private-housing starts totaled 558,400 v. 396,700 in 1958.
MERGER TALKS between General Dynamics Corp. (1958 sales: $1.5 billion) and Material Service Corp., Chicago building products supplier (1958 sales: $115 million) are on again, appear more promising than last year, when talks broke down over basis of exchange of stock.
UNITED MINE WORKERS paid $438,000 in damages for violence in trying to organize Meadow Creek Coal Co....
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