DC-8 SERVICE by United Air Lines, nonstop New York-San Francisco, will begin on Sept. 18. United will start New York and Chicago service to West Coast in October.

COTTON CROP will reach 14.8 million bales, largest since 1953, because farmers boosted production 29% over last year under new Government program that allows bigger planting, lower support prices. Current surplus: 8,800,000 bales, mostly owned by Government.

DENMARK OIL REFINERY, country's first, will be built by Tidewater Oil Co., controlled by Billionaire Jean Paul Getty (TIME Cover, Feb. 24, 1958). The $40 million refinery will be completed by early 1961, serve Denmark, Norway, Sweden, possibly Britain.

U.S. BOND-BILL COMPROMISE stands little chance of approval by House as key Democrats oppose bill allowing President to raise 4.25% interest-rate ceiling on long-term bonds and 3.26% rate on savings bonds.

AIR CREDIT CARD battle is expected to follow Western Airlines' application for CAB permission to honor credit cards other than airlines' own Universal Air Travel card. Other airlines, with 900,000 Universal members, do not want to accept outside credit cards, which would cut into their profits.

JEWELRY PRICE CUTS up to 15% on gold and gold-plated items are in store for Christmas buyers, as low-priced Italian and Japanese imports put heat on U.S. makers.

YUGOSLAV BOND PAYMENTS on $25 million worth of dollar bonds, in default since 1939, will begin soon with $500,000 annual payments under "temporary arrangement." Yugoslavia seeks to restore its credit rating so it can borrow privately in U.S. money market.

This file is automatically generated by a robot program, so reader's discretion is required.