Time Clock, Oct. 19, 1959

NEW JET ORDERS worth $40 million were placed by Capital Airlines for seven Convair 880s and five Lockheed Electra turboprops, to begin service in mid-1960. To place orders, Capital arranged to stretch out payments of $37 million owed for its 57 Vickers Viscount turboprops.

CAR INSURANCE RATES will be cut 10% on compact cars by Allstate Insurance Co. because firm says small cars will cause less damage in accidents, have smaller glass area, and are cheaper to repair than big cars.

INDIVIDUAL SAVINGS will rise to $300 billion by early 1960, from $288.5 billion at end of last June. Long-term savings in life...

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