COPPER STOCKPILES, which Office of Civil and Defense Mobilization talked of selling, thus upsetting market, will not be sold, because of opposition by Western Senators.

J. P. Morgan-Guaranty Trust merger got final approval from Federal Reserve Board. New bank is fourth largest in U.S., has resources of more than $4 billion, capital funds of more than $500 million.

NET FARM-INCOME drop of about $1 billion to $12.1 billion in 1959 is forecast by Agriculture Department because of higher production costs and elimination of some soil-bank payments. Income is still expected to be well above 1957 low.

SHILLELAGH MISSILE, Army's newest--for close-in fighting, like its Irish counterpart--will be developed by Ford Motor Co. subsidiary, Aeronutronic Systems, Inc., under contract worth $23 million. Solid-fuel, surface-to-surface Shillelagh will be operational around 1965.

CORPORATE DIVIDENDS may reach $13.7 billion this year, up from $12.3 billion last year, predicts National Securities & Research Corp.

AIR MEALS TO ORDER will be started by Swissair. First-class and de luxe passengers will select from 36 specialties when tickets are purchased, get served in flight.

WATERPROOF MONEY will be issued by Japanese Finance Ministry to save $360 million face value in currency damaged each year by water. New notes will have synthetic resin mixed into pulp, will withstand the washing machine.

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