Time Clock, Jul. 14, 1958

MIAMI HOTEL SLUMP is becoming acute, with summer reservations off 20%-30% because of recession and fact that winter's bad weather gave black eye to resort. Some 20 major hotels are in serious financial trouble.

MAIL ORDER PRICE CUTS are coming. In fall-winter catalogues, Montgomery Ward trimmed 2½% off year-ago prices. Sears, Roebuck cuts average 1.5% from spring-summer catalogues.

RUSSIA'S AEROFLOT JETS will start weekly flights to India (Moscow to Delhi in about 6½ hours) about Aug. 15, in Soviet airline's most important penetration into free Asia.

3% INTEREST RATES for savings accounts are expected to hold for some time in most parts of...