FRESH ORANGE PRICES will be lower this winter because of expected 3% increase in the total U.S. crop and hea.vy carryover of frozen juice from last year. Grapefruit prices and production are expected to be about the same as 1958.

RUSSIAN PIG-IRON shipment of 2,500 tons is being purchased by U.S. firms for 20% under the domestic price. Budd Co. is testing 600 tons, which it has bought for castings.

1964 WORLD'S FAIR, to be held in New York City, will cost investors in the fair--corporations, countries, cities and states that exhibit--$500 million v. $155 million for the U.S. last world's fair held in 1939 in New York.

MERGER PROPOSAL has been approved by directors of photographic equipment maker Bell & Howell (1958 sales: $59 million). Plan, subject to stockholder approval, calls for

Bell & Howell to distribute three additional shares for each four now held by its stockholders, then offer a share-for-share exchange with Consolidated Electrodynamics Corp.

ATOM POWER PLANT for Italy will be partially financed by $34 million Export-Import Bank credit. New facility, largest private industry nuclear plant in Europe (165,000 kw.), will be built by 1964 to serve northern Italy, at total cost of $64 million, using Westinghouse Electric Corp. nuclear equipment.

HONG KONG AIR ROUTE will be approved for Northwest Airlines in near future by British government. Service will start immediately thereafter. Northwest won CAB approval to extend its transpacific route from Tokyo to Hong Kong after British opposition was overcome by President Eisenhower's approval for BOAC to add a San Francisco-Tokyo leg to its round-the-world flights.

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