Time Clock, Mar. 2, 1959

JET FARES to Europe will rise. Airlines are working out agreement to hike prices of one-way first-class tickets $20, to $475, and one-way economy fares $15, to $287.

WOMEN DRINKERS are returning to liquor ads, ending the gentlemen’s agreement among admen not to use them. Calvert Distillers Co. will offer a Lady of Distinction (without glass in hand), while Glenmore Distilleries Co. will feature a woman in Scotch ads.

BROKERS’ COMMISSIONS on stock transactions under $2,400 will be reduced by the New York Stock Exchange. Adjustments, effective March 30, will cut last May’s rate increases from 13% to 11.5%, abolish “round-turn” commissions, where customers pay half the regular rate on blocks of stock bought and sold within 14 days.

DIESEL TAXICABS are catching on in New York, Washington, South Bend and San Francisco as cabbies switch to West Germany’s Mercedes-Benz because of durability and lower fuel costs.

TAX INCREASES on aviation fuels and gasoline, as asked by the Administration, stand no chance of being passed by Congress.

HULA HOOP has faded so fast that a Corpus Christi, Texas dealer is offering 10¢ to any customer who will take one away.

80-KNOT-SHIP design has been ordered from Grumman Aircraft by the Maritime Administration. The 100-ft. test craft, weighing between 50 and 100 tons, will use hydrofoils, completely submerged winglike structures that raise the vessel’s hull from the water, cut down resistance.