SOUTHERN SCHOOL BONDS are going begging. Reason: threats to get around segregation by abolishing the public-school systems have tarnished the traditionally gilt-edged credit of school bonds. After New York syndicates demanded Florida pay 3.11% interest on $10,585,000 of school bonds (v. the previous high of 2.69%), Florida withdrew the offer.

ATOMIC SUPERLINER, sister ship to the 53,000-ton, 2,000-passenger United States, may be plying the Atlantic by 1960. Federal Maritime Board Chairman. Clarence G. Morse, who has talked with United States Lines about a superliner to replace the 16-year-old America, predicted it would cost $100 million, take three years to build. Both the Maritime Board and U.S. Lines officials hope to install a nuclear power plant in its engine room.

PROXY FIGHT RULES will be tightened if the Securities and Exchange Commission can persuade Congress to give it a stronger hand as referee. SEChairman J. Sinclair Armstrong will ask for authority to require all proxy solicitors to 1) identify themselves and their backers, 2) refrain from making character attacks on opponents or predictions about earnings and dividends. SEC also wants more power to censor proxy letters, newspaper ads, press handouts, etc., before release.

WEST GERMAN BANKING, decentralized by occupation authorities to break its monopoly of German credit, is concentrating its power again. After several years of under-the-counter deals, three of West Germany's biggest banks have come out in the open to organize a common profit-and-loss pool, thus in effect, fuse their $1,622,000,000 in combined assets into one big bank. Their goal: to resurrect the Deutsche Bank.

FOREMOST DAIRIES INC., which has brought off more mergers (48) than any other U.S. company in the last four years, is expanding again.

By exchanging 1.1 shares of Foremost for one share of Western Condensing Co. (dry milk, casein), Foremost will consolidate its position as the nation's No. 3 dairy-products company (after National Dairy Products Corp. and the Borden Co.).

NEW ATLANTIC AIRLINE may be formed by North American Airlines, biggest nonscheduled carrier in the U.S., and the government of Austria. Since Hitler merged its air transport into Lufthansa 17 years ago, Austria has owned no airline. To get back in the air, it is dickering for North American's planes, pilots and experience.

CHRYSLER CORP., scrambling to recover the 25% of the auto market it once had, will gradually break up the dual lines, e.g., DeSoto-Plymouth, Dodge-Plymouth, among its 10,000 dealers. To boost sales of each of its lines, Chrysler plans eventually to limit all dealers to one kind of car.

THE ELECTRONICS INDUSTRY, which in one generation has reached a volume of $8 billion yearly, will hit $20 billion yearly by 1965, predicts Hoffman Radio Corp. President H. Leslie Hoffman.

MORE TRAILER SHIPS are in the offing. For runs between New York and West Coast ports', American-Hawaiian Steamship Co. has asked the Federal Maritime Administration to approve expenditure of $115 million for ten 18-knot, 13,170-ton ships, each with a capacity of 570 trailers.

MIXED-CLASS PLANES are being planned for transcontinental flights by T.W.A. (which recently led the move to cut transcontinental coach prices from $198 round trip to $160). T.W.A. wants to partition off the forward section of its Super G Constellations, load 19 coach passengers through a forward hatch, serve them no meals but give them the same fast, 8-hr, cross-country ride as first-class passengers. CAB will have to approve both price and partition.

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