Time Clock, may 9, 1960

BOOST FOR HOUSING, which has lagged this year, should come from FHA, which has lowered down payments on federally insured homes costing $13,500 and up. Sample changes: for a $17,000 home, a buyer needs to put down only $800 cash v. $1,100 previously; for a $20,000 home, $1,500 down v. $2,000.

SPORTS-COUPE CORVAIR called the Monza-900 (named after Italian race track) will go into 1,000-per-month production in May, have bucket seats and fancier dash-and-panel trim, but keep standard Corvair 80-h.p. rear engine. Price: $2,045.

NEW SPACE CONTRACTS will help U.S. planemakers take up slack from military-aircraft cutbacks. The latest: $65 million to Douglas...

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