DIXON-YATES PLAN to let two private southern utility companies, rather than TVA, supply additional power for the Atomic Energy Commission in Kentucky and Tennessee (TIME, June 28), has finally been approved by the AEC. But the AEC still needs approval of the contract by Congress, which has put off an investigation of the deal until after the elections.
MOTEL OPERATORS in the South are beginning to cash in on the lucrative Negro market (TIME, July 5). First motels for Negroes have proved so successful that four more have been opened for Negro travelers in Florida, Kentucky and Alabama this year, with a fifth just completed in Atlanta with air conditioning, TV and tile baths.
AIR MAIL PAY CUTS will hit airlines hard if the Civil Aeronautics Board puts its new formula into effect. Instead of the current flat rate (average: 46¢ per ton mile), the CAB wants to save money with a sliding scale based on a 30¢per-ton-mile rate plus an additional sum, depending on the size of the city served. Biggest potential losers: T.W.A., American Airlines and United Air Lines, which stand to lose between $800,000 and $1,400,000 apiece annually.
FREE RAILROAD PASSES for employees of other railroads are being canceled by the Pennsylvania Railroad. It expects officials and employees of all other lines to pay cash for business trips (it will still issue emergency and vacation passes) from now on, says that it expects to do likewise. Reason: since Pennsy trains run where everybody wants to go (New York, Washington, Chicago), Pennsy feels that the preponderance of benefits has been on the other side.
NUCLEAR ENERGY for peacetime use will get a boost from a group of businessmen who have banded together for atomic projects. The group, which includes the Rockefeller, Astor, Firestone and Mellon interests, has hired Robert LeBaron, former assistant (for atomic energy) to the Secretary of Defense to explore possibilities for atomic projects in such fields as power and medicine, may soon set up a program for private investment.
DR. PEPPER CO., fourth biggest U.S. soft-drink maker (1953 sales: $10 million), will soon come out with a new “throwaway can” in a bid for a bigger market outside the South, will start put with both 6-oz. and 12-oz. sizes in ten cities, then gradually expand the idea nationwide.
BURLINGTON MILLS, which recently became the biggest U.S. textile maker by buying control of Goodall-Sanford for $7,600,000 (TIME, July 26), is turning back part of the company to the original owners. For an undisclosed sum, Burlington will sell Goodall’s Palm Beach clothes subsidiary to a group headed by former Goodall President Elmer Ward.
GENERAL MOTORS, whose touring President Harlow H. Curtice has approved a $178 million program to boost auto production in England, Belgium and Germany (TIME, Oct. 11), announced more expansion in Switzerland. G.M. will spend $3,500,000 to enlarge its Bienne assembly plant, boost production from 6,000 to 12,000 cars by 1956.
URANIUM STRIKE on the Colorado Plateau may turn the nation’s biggest gold producer into a uranium miner. Homestake Mining Co., which produced $18 million worth of gold last year and has spent $500,000 looking for uranium, has discovered a rich deposit at the end of a 3,200-ft. tunnel driven underground next to Millionaire Geologist Charles Steen’s fabulous Mi Vida mine.
ITALY’S MODEL T, the famed Fiat “Topolino” (Mickey Mouse), which for 20 years has been one of Europe’s favorite small cars, will soon be discontinued in favor of a new model. The new car will be larger, but cheaper to buy and operate than the energetic little Topolino.
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