Time Clock, Dec. 5, 1960

AIRLINE TRAFFIC CUT will probably result from the President's order to reduce number of military dependents abroad to stem gold outflow. Last year airlines earned $68 million ferrying 428,000 dependents. But projected contracts for $35 million to haul 221,000 persons in 1961 are now in doubt.

MAIL ORDER LIFE INSURANCE will be a major item in the new catalogue of Chicago's Aldens, Inc., fourth largest mail order company, if the Illinois Insurance Department approves. By eliminating agents' commissions (often 50% of first-year premium), Aldens plans to sell its insurance at lower prices.

OUSTER THREAT against Airline-Pilot Boss Clarence N. Sayen fizzled as he was re-elected union president.

Rebel group's candidate, former Civil Aeronautics Board Chairman James M. Landis, was rejected by Sayen-controlled union directors, who refused to alter bylaws so that nonpilot could run for the $38,000-a-year job.

TIRE PRICES were cut $1 to $4 by Firestone. Company hopes to effectively counter discount-house competition by dropping tire prices to lowest level since 1954.

STORE-CHAIN PURCHASE made by Maxwell H. Gluck, former U.S. Ambassador to Ceylon, boosts to 247 the number of women's-wear stores he controls. For $2,500,000 he bought control of Grayson-Robinson Stores, adding its 107 women's-wear and four camera stores, with $64 million sales, to his string of 140 Darling Stores, with an estimated $30 million sales.