$10 MILLION BET on success of Detroit's small cars was placed by Hertz Corp., which is buying 4,500 of Big Three's new models as a starter for its car rental service, will charge cheaper rates than for normal-sized cars.
HIGHEST INTEREST RATE since 1929 (4¾%) was offered by Treasury on two new, short-term issues, to attract public investors holding $5.7 billion in maturing securities with a 4% coupon.
MAN IN SPACE will be tracked by worldwide communications network to be managed by Western Electric Co. under $25 million U.S. contract. Part of Project Mercury, network is due to be finished in 1960, will...
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