ATLAS GUIDED MISSILE, first U.S. intercontinental ballistic missile, will be produced in new plant under construction by Convair at San Diego. To cost $40 million, plant will be ready in 1957.

MORE ANTITRUST SUITS loom against automakers. After slapping General Motors bus division with monopoly suit, Justice Department is pushing investigation of G.M.'s 55% share of U.S. auto market. Another possible suit: against Ford, charging that it violates antitrust laws by forcing dealers to sell quotas of parts and accessories.

FIRST PRIVATE LOAN for European Coal and Steel Community from U.S. bankers is coming. Six-nation group set up in 1952 to provide single production and selling group for coal and steel has asked three big U.S. investment houses (Kuhn, Loeb; First Boston; Lazard Freres) to help plan multimillion loan to modernize coal mines, coking plants, etc. Previously, Community borrowed $100 million from U.S. Export-Import Bank.

HAPPY JACK URANIUM MINE, one of richest in Colorado Plateau, has been bought by Texas-Zinc Mineral Corp., uranium subsidiary of Texas Co. and New Jersey Zinc. Fletcher Bronson and family originally bought mine for $1,000 as copper prospect in 1946, once turned down $15 million for it. Texas-Zinc is mum on purchase price, but has already started building processing mill at Mexican Hat to handle ore from Happy Jack and other southeastern Utah mines.

FIRST STEEL TO RUSSIA since 1947 has been approved by Commerce Department. Shipment will total 7,800 short (2,000 Ibs.) tons of nonstrategic sheet steel valued at $1,100,000. Reds say they will use steel to make autos.

NORTHWEST POWER partnership will get big boost this fall with start of $200 million Rocky Reach Dam on Columbia River. Last obstacle was removed when Puget Sound Power & Light Co. agreed to sell its share of another Columbia River plant to Chelan County Public Utility District in return for half of power from new Rocky Reach Dam. FPC has given Chelan County PUD license to start building 630,000-kw. project as soon as possible.

EMPLOYEE BANK ACCOUNTS is latest version of Guaranteed Annual Wage. State of Ohio has approved plan by Pittsburgh Plate Glass Co. to contribute between 3-c- and 5-c- per hour to individual bank accounts for each worker; money cannot be withdrawn unless worker is laid off. Ohio businessmen go along with plan, but unions so far have said nothing.

LOWER LIQUOR PRICES for hotel room service are kicking up flurry in Manhattan. By chopping prices for Scotch from $12 to $7 a bottle, bourbon from $12.50 to $7.50, Hotel Roosevelt boosted June room-service bottle sales 273%, dollar volume 143%. Other hotels, where prices for Scotch, etc. range as high as $13.50, protest price-cutting, say that they cannot afford lower prices.

LONG-DISTANCE TRAINS will be all but extinct in two decades, says Donald J. Russell, president of Southern Pacific Co., second longest (12,435 miles operated in 1955) U.S. railroad. Reason, says Russell, who also predicts end of Pullman cars, is jet airliners, which will soon be capable of 1,000 m.p.h. speed.

NUCLEAR RESEARCH by public-utility combines will get a green light from Securities and Exchange Commission. Though SEC normally forbids banding together, under 1935 Public Utility Holding Company Act, it will permit utilities to pool resources in combines to experiment with the operation of atomic generating plants "not for profit."

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