RUSSIAN WATCHES are newest imports. Called the Majak, they will be sold by Chicago's Import Associates firm for $18.95.

NONSTOP JET FLIGHTS to Rome will be started from New York by TWA next May with Boeing 707s. Flight time: 8 hours.

FAR EAST TOURIST BOOST will result from expanded jet service in 1960. Estimated 125,000 Americans, 15% more than last year, will travel beyond Hawaii to Far East and South Pacific, spend $130 million v. $117 million last year.

COPPER-STRIKE pact was agreed upon by Anaconda Co. and the International Union of Mine, Mill and Smelter Workers, ending a 177-day walkout. Anaconda's settlement all but ended the strike, which shut down 80% of the industry. The three-year contract provides 4,785 Anaconda workers with hourly wage boosts from 15-c- to 35-c-.

CYRUS EATON STOCK DEAL to consolidate Eaton's Portsmouth Corp., an investment company, with Detroit Steel Corp. (No. 15 in U.S.) is being negotiated. If stockholders and SEC approve deal, Eaton, 76 (TIME, Jan. 19, 1959), will become chairman of Detroit Steel.

MONTHLY INVESTMENT PLAN of New York Stock Exchange had its best year in 1959, added 46,000 stockholders, nearly 25% of the 207,500 plans begun since 1954. Plan members bought 883,415 shares worth $41,900,000.

CHRYSLER CORP. LOSS in 1959 was $5,431,024 v. $33,824,565 in 1958. Steel strike caused a fourth-quarter loss of $29.2 million, although sales rose 22% to $2.6 billion.

CONSTRUCTION BOOM totaling $670 billion over the next ten years is forecast by ARCHITECTURAL FORUM. Total will be more than was spent during past 35 years.

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