CHRISTMAS CLUBS will pay record $1.3 billion, 3% more than 1957, to 13 million members through 7,900 banks and savings and loan associations. Top saving states: New York $281.8 million, Pennsylvania $184 million, New Jersey $144.8 million.

VANISHING RAIL COACHES may be stockpiled by worried Pentagon, which needs at least 1,047 for troop transport in case of war. With railroads scrapping passenger cars (present total: 10,262) three times faster than they buy new ones, Pentagon hopes to lease old coaches, keep them on sidings for emergency use.

CREDIT-CARD REVOLT against 7% commission paid to credit organizations will be led by National Restaurant Association. Members protest that commissions are forcing price rises that hurt business. Restaurant Association is considering issuing own credit cards, charging members only 3 1/2% commission.

MOVIEMAKER LOEW'S INC. will spin off theater and radio operations in new company. Management was up against antitrust order to separate film and theater business by August 1959, has won fight against minority group of directors who want to spin off troubled M-G-M filmmaker. M-G-M will stay in parent firm.

TOUGHER PILOT CHECK by the CAA will mean more surprise inspections of airlines' blind-flying skill. Latest check: Northeast Airlines pilots, involved in three fatal crashes in bad weather in 21 months. Of first 95 Northeast pilots tested for instrument flying, five failed.

UPJOHN CO., only privately owned ethical drug company among top five U.S. drug houses, will end 72-year family ownership to become publicly held firm. Upjohn plans to give present stockholders 25 shares in new firm for each one held in old, with option to sell shares publicly.

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