U.S. EXPORTS-RISE in February brought total to $1.5 billion, a 27% jump over same month in 1959. Big booster: nearly 1,000,000 bales of February cotton.

EUROPE'S TALLEST HOTEL will be built in London by Conrad N. Hilton and British Financier Charles Clore (TIME, June 15). The 530-room London Hilton will tower 27 stories above Mayfair, cost $17 million, open in 1962.

DROP IN BEEF PRICES this summer is predicted by American National Cattleman's Association. Reason: U.S. population growth justifies 1,000,000-head cattle increase per year, but over last two years U.S. has built up backlog of 8,500,000 head, and price will break sharply when this stampede hits market.

AMERICAN TOURISTS spent $2.3 billion on foreign travel last year, reported the Commerce Department, running up more than half the U.S. balance-of-payments deficit of $3.7 billion.

PORTABLE ATOMIC REACTOR, lightest of its kind, will be installed by U.S. Army in Greenland. Weighing 310 tons, unit will produce heat and lights for 100-man base, run for a year on one planeload of uranium.

CANADIAN RAMBLER PLANT will be built by American Motors in Toronto. Plant will employ 700, turn out 10,000 Ramblers in 1961. Number of Ramblers sold in Canada last year: 8,613, an 84% jump over 1958.

JAPANESE WATCHES will be imported into the U.S. by Bulova Watch Co., first big watchmaker to do so. Price: $12 to $15. First color TV imports from Japan are due in U.S. stores this fall.

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