Time Clock, may 18, 1959

BOLD ORION, the ballistic missile to be launched from planes, will be designed by slow-flying Douglas Aircraft Co. (1959 first quarter loss: $4,200,000). Douglas won design contract for major new missile over 15 competitors, including Lockheed and Martin, who conducted feasibility studies, now appears to have inside track for multimillion production contracts.

FIRST-QUARTER DIVIDENDS of companies listed on New York Stock Exchange reached a record high of $2.2 billion, up 2.6% from first three months of 1958.

TAX INCENTIVES for U.S. investors in underdeveloped countries will be supported by U.S. Treasury, even though it will lose income. T-men told Congress that income earned...

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