COMPACT-CAR SALES lead is held by Ford Motor Co.'s Falcon, which since Jan. 1 has sold 80,433 models v. 72,113 for American Motors' Rambler.

TO GET MORE DEFENSE contracts which fell from $1.9 billion in 1953 to $400 million in 1959, General Motors has formed a Defense Systems Division, which will be staffed by 200 scientists and engineers, to concentrate on scientific and technological research on military weapons systems.

ALASKAN OIL BOOM is promised by a new well brought in by Standard Oil Co. of California on Kenai Peninsula, 40 miles south of Anchorage. The discovery improves prospects for construction of a $4,000,000, 22-mile pipeline between the field and Cook Inlet, where the crude oil will be shipped to West Coast refineries.

1960 CROP OUTLOOK is for bumper harvest that may set new record, Department of Agriculture forecasts. Wheat ard corn surpluses will grow bigger as farmers schedule 337 million acres for planting, fewer than 1,000,000 below last year.

CHRYSLER AD SHAKE-UP will bring $21 million Dodge car and truck account to Batten, Barton, Durstine & Osborn. Agencies taking the loss: Grant Advertising and Ross Roy, Inc.

WORKING CONTROL of American Export Lines, Inc. will be bought by U.S. Freight Co., biggest domestic freight forwarder, which will pay more than $9.4 million for 25% of American Export Lines stock now held by Mrs. Josephine Bay Paul, American Export chairman, and her husband, C. Michael Paul.

VOLKSWAGEN STOCK will be sold to the public for as much as $75 a share (indicating a desire to further free enterprise in West Germany), and German buyers can now get Volkswagen cars with almost immediate delivery because of a rise in Volkswagen production and competition from foreign cars.

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