TOP FIVE STOCKS held by 75 biggest U.S. mutual funds and closed-end investment companies at end of 1960's first half, according to Capital Gains Research Bureau:

1) I.B.M.

2) Texaco

3) U.S. Steel

4) General Electric

5) Minnesota Mining & Mfg.

PUBLIC RELATIONS tab picked up by business and industry this year will total $2 billion. U.S. now has some 1,350 public relations firms, more than 100,000 p.r. men.

DOG-FOOD BOOM grows. Some 61% of U.S. dog population of more than 26 million now eat prepared dog food (the rest consume leftovers).

CURRENCY CHANGEOVER from sterling system to decimals looms ahead for Australia. Government committee recommended switch be made in February 1963. Estimated cost: $67.5 million. New Australian dollar may be called an Austral.

SAUDI ARABIAN LOANS of up to $100 million, payable within 25 years at 8% interest, may be made to Japa nese companies to develop Japanese industry. Offer by oil-rich Saudi Osmar Trading Co. is a curious turnabout, since Saudi Arabia itself is still an underdeveloped nation.

TEA-SIPPING is soaring. Imports this year will total record 117 million Ibs. to U.S. Some 35% of tea drunk will be iced.

RETAIL PRICES will hold firm in fourth quarter, say 84% of 375 retailing executives in Dun's Review survey. But 40% of them are optimistic about an increase in profits.

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