Time Clock, Mar. 28, 1960

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,...