ATLAS ICBM will be test-fired within 18 months. Convair plans to launch its intercontinental missile (range: 5,000 miles) from Patrick Air Force Base, Fla. into Caribbean and Atlantic firing range.
AMERICAN COAL SHIPPING Inc., the export combine of John L. Lewis' United Mine Workers, seven mine operators and three coal-hauling railroads (TIME, Oct. 15) will buy control of Bull Lines's 15-ship fleet for $45 to $50 million. Pending approval by Federal Maritime Board, shipping company will use eleven Bull C-2 dry-cargo carriers to ship coal to Europe, perhaps South America and Japan.
BIG TJ.S....
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