Time Clock, Aug. 20, 1956

HIGHER RAIL FARES proposed by Eastern railroads would encourage first-class passengers to ride coaches or competing airlines, thus help the railroads cut down money-losing first-class service (TIME, Aug. 13). The 45% boost in first-class fares sought by six railroads (including New York Central and Pennsylvania) would add $16.30 to New York-Chicago ticket, raise first-class fare to $52.53 v. $45.10 by air.

NEW FORD CAR, to go into production next year, will sell in the $2,600-$3,700 range, the only price bracket in which Ford does not now compete with General Motors (Buick, Oldsmobile) and Chrysler (De Soto). Ford has budgeted $250 million to...

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