Time Clock, Oct. 24, 1960

RAIL MERGERS are picking up steam. Illinois Central and Southern Railway are competing for control of the 5,696-mile Louisville & Nashville to strengthen their positions if ICC okays the pending merger of the Atlantic Coast Line and the Seaboard. Southern Pacific asked ICC permission to take over the Western Pacific. One approved merger: Chicago & North Western takeover of the Minneapolis and St. Louis to form the second longest U.S. road (after the Santa Fe).

BUSINESS IN SPACE will be encouraged by National Aeronautics and Space Administration, which will make rockets and launching sites available at cast to U.S. companies for sending...

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