The Los Angeles Times from Los Angeles, California on December 18, 1958 · 1
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The Los Angeles Times from Los Angeles, California · 1

Los Angeles, California
Issue Date:
Thursday, December 18, 1958
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ADM TS BULLET STARTED F Times Telephone Numbers MAditen 5-2345 for lubKnw wrvic colli end all athtr call tc01 thai conctming dauifitd odvertliing. MAdiseii 9-4411 for .11 admitting calk. VOL. LXXVIII 1 BY MARVIN MILES ' Space-Aviation Editor North American Avia tion's Rocketdyne division! has been named by the National Aeronautics and Space Administration to de sign and develop a rocket engine in the 1,500,000-pound thrust class, a space probe project that may require four to six years and cost more than $200",000,-000. :Such a massive rocket en gine, it was pointed out,1 could serve as a booster to hurl a 20,000-pound manned satellite into orbit or ram a 5000-pound research vehicle through interplanetary epace. Liquid Fuel NASA Administrator T. Keith Glennan said Rocket-dyne was selected for the program from among six competing companies on the basis of the Canoga Park company's proposal, facilities and experience. The giant engine will be a single-chamber power plant using liquid bipropel- lant fuel, initial design win aim at 1,000,000 pounds of thrust but the engine must be capable of development to 1,500,000 pounds. NASA officials said the program will provide a sim ple, dependable booster of great size, using liquid oxy gen and hydrocarbon propel-lants and capable of using more advanced high-energy fuels without major change. Enormous Thrust .' The 1.500,000-pound thrust rating is enormous by com - parison with that of the At- las intercontinental ballistic missile, which is about 360,- 000 pounds, it wa3 said The single-chamber rocket engine of giant size represents one of two design lines open to space-satellite power-plant development. The other is the cluster principle wherein a number of Please Turn to Tg. 28, CL 1 INDEX OF ASTROLOGY. Page 8. Part 2. BRIDGE BY SHEIXWOLD. : Page 9. Part 2. CLASSIFIED. Pagei 17 31. Part 3. COMICS. Page 10, Part 2. CROSSWORD. Page 31. Part 3. DRAMA AND MUSIC. Paee 7-9. Part 4. EDITORIAL, Pages 4. S. Part X FAMILY. Pages l-. Part 2. riXAKCIAl. Page 10-13. Part 4-KOPPER. Page 8. Part 4. Rockefdyne fo Build Big Power Plahf IN FOUR PARTS 0 mm r' IIJt.. ' -! LONESOME LOSER Rep. Coya Knutson (D) Minn., walks olone down long flight of steps ot House side of Capitol. A short time earlier a five-man House com-, mittee turned aside her complaint that a malicious plot had cost her re-election. UP) Wirephoto Mrs. Knutson Loses Election Inquiry Bid House Group Decides Against Formal Investigation of Her Conspiracy Claim WASHINGTON, Dec. 17 tions Committee decided today against making a for mal investigation of Rep. Coya (Come Home) Knutson's complaint that she lost her maiici0us consDiracv. Irs Knutson (D) Minn "-.,. n T l" '' " gen 111 me iov. 1 ciecuuii. She claimed backers of Lan- gen induced her husband, Andy Knutson, to request her publicly to leave politics and come home. The House committee took a preliminary look at Mr3. Knutson's case and heard FEATURES JUMBLE GAME. Page 19, Part 3. M LEMORE. Page 32, Part 1. MOTION PICTURES. Pages 7-9, Pari i. POLYZOIDES. Page 23. Part 1. RADIO. Page 13. Part 2. SHIPPING. Page 13, Part 4. SKY MASTERS. Page 17. Part 3. SOUTHLAND. Page 13, Part 3. SPORTS. Page 1-6. Part 4. TELEVISION. Page 12, Part 2. VITAL RECORD. Page 16. Part 2. WEATHER. Par 16, Part 3. LIBERTY UNDER 7: v. ,W A special House Elec re-election bid because of a I " 'testimony from her husband, "i But Rep. Robert Jones (D) Ala., announced the five-man committee had unanimously decided against checking further into the complaint. Jones, presided at a com mittee session in place of Chairman Clifford Davis (D) Tenn., to announce the de cision. Charges Justified Committee Counsel Gillis Long read a report which said it was the judgment of the committee that no further action in the Knutson case is warranted. The report did sav that allegations by Mrs. Knutson tfcat activities by her political enemies had contributed to her defeat were iustified. And the report said that any troubles between the Pleas Turn to Tg. 9, CoL 51 . ri -, -""f All! I v - .. 1 , . THE LAW THURSDAY MORNING, n '58 Personal Income Seen at Record High WASHINGTON, Dec 17 (UPI) Personal income climbed to an all-time high in 1958 while the real buy-l mg power of consumers dipped slightly because of higher prices, the Commerce Department reported today. The department estimated that incomes were up V irom !9o7, due mainly to higher government benefit payments. On the other hand, it said the rise was not enough to offset for con sumers a 2 boost in the cost of living. ' G.N.P. Estimated The department's latest report on incomes bolstered the view of government economists that the nation's economy had gained prere- cession proportions and was poised on the threshold of new highs. One top-jevel .source esti mated that the gross nation al product the total value of all goods and services produced in the nation Please Tarn to Tg. 31, CoL 51 TRUE INDUSTRIAL FREEDOM DECEMBER 18, 1958 3-for-l SpHf Offered on NEW YORK, Dec. 17 (A American Telephone & Telegraph Co., the world's biggest . public utility, of fered shareowners the big gest cnnsunas melon m financial history today by recommending a 3-for-l split of the stock and a 10 increase in the dividend. The news hit Wall Street like . a bombshell. AT&T stock closed up $21 at $223 a share, breaking a 27-year high on the New York Stock Exchange. A volume of 110,200 shares was traded with a number of other stocks rising $1 to $2 to carry the market to a new record high. It will be the first stock split in AT&T historv and the first change in the div idend rate in 37 years. Act April 15 The recommendation directors will come up stockholder action at by for the next annual meeting April 15. Its ratification is considered a foregone conclusion. In the first place, stockholders do not vote against Santa Claus a stock split and dividend increase that would give them more money. In the second place, AT&T stockholders follow recom mendations of their direc tors. At the 1957 annual meeting, they rejected a 4-for-1 stock split proposal by an overwhelming margin because the board at that time strongly recommended against it. Trading Halted On first news of the split. the stock shot up S3 to $205. Then an avalanche of buy orders forced suspension of trading. An hour and a half later, trading was resumed with a sale at $225, up $2: on a block of 75,000 shares. Directors said that if the stock split were approved at the annual meeting, addi tional shares would be distributed about June 1. It is contemplated that the first quarterly dividend on the new shares will be made in July, 1959, at the annual rate Please Turn to Tg. 31, Col THE WEATHER Smog today. U.S. Weather Bureau, forecast: Mostly sunny today and tomorrow. Little change in temperature. High today near 78. High yesterday, 81; low, 57. o)W D) AT&T Stock WW 1 SOVIETS HINT VISIT TO U.S. BY MIKOYAN . WASHINGTON Dec. , 17 i& The Soviet gov-: ernmeht was reported tonight to have advised the United States that Deputy Premier Anastas I. Mikoyan would like to visit Washington in the near future. Mikoyan is Russia's expert in promoting trade. The State Department declined comment. Mikoyan was represented as wanting to visit Soviet Ambassador Mikhail A. Menshikov, a constant advocate of expanded U.S.-Soviet trade.,. Man Admits Bullet Set Off Brush Fire Muitralod en Pag 3, Part I Forest Service investiga tors last night concluded their long search for the person who fired the incen diary bullet which started the Santa Ana Mountains fire. the State's biggest brush fire of the year with 60,000 acres blackened.. They identified the rifleman as Jerry Stewart, 21, and said he admitted firing the bullet which touched off dry grass at Stewart Ranch, owned by his father. He attempted to halt the flames, investigators said he told them, but was unable to. No Charges Filed Elwood Stone of the U.S. Forest Service, aided by Norman Harris and Morton Colvin of the State Division of Forestry, covered the in vestigation. They produced both the bullet and the rifle it was fired from, the Forest Service announcement said. Up to last night, however, Please Turn to Tg. 6t Col. 1 Universal City Purchase by MCA in $11,250,000 Deal Announced Purchase of all of Univer sal Pictures Co. real estate by the Music Corp. of Ameri-j ca lor $11,200,000 was an-! nounced yesterday. The deal includes 370 valuable -acres of Universal City, plus 16 stages and ex tensive outdoor sets of I geographic and historic lo cales. Included in the transaction is a long-term arrangement under which Universal will lease back its studio facilities to continue its full pro 92 PAGES Ministers of Treaty Countries Agree to Strengthen Defenses BY WALDO DRAKE, Times European Bureau PARIS, Dec. 17 The Ministers of 15 North Atlantic Treaty countries today finally heeded the warnings of their military chieftains and in a resolution engaged themselves to provide "minimum military requirements" to resist Soviet aggression in Europe and the Atlantic Ocean areas. This is the first hard promise of the Allies to repair! gaps in Europe's defensive' shield since their Lisbon conference in 1952. Thi3 morning when the Council began debate on the military situation, European Ministers at first displa'ed their normal cool disregard of soldiers' warnings of the Soviet Union's growing ability to devastate and overrun Europe. They were finally awakened when their two supreme commanders, Gen. Lauris Norstad for Europe and Adm. Jerauld Wright for the Atlantic Ocean areas, reminded them that the en tire Atlantic alliance is at the mercy of Russia's destruc tive powers unless its archaic defenses immediately are rebuilt and re-equipped with nuclear weapons. Sub Threat Cited Adm. Wright told the Coun cil . that the menace of the Soviet Union's 500 subma rines presents a tremendous threat for which he has not been provided nor has in prospect adequate means of defense. Gen Norstad declared that he could not effectively shield Europe from a Soviet nuclear attack unless Europeans made much great er contributions in effective ly trained manpower. Previously an equally realistic picture of Soviet and satellite armed forces and their future potential had been presented by Britain's Sir Michael Denny, chairman of the Tripartite Standing Group which is NATO s su duction schedule without interruption. . v Announcement of the mul- timillion-dollar sale was made jointly by Milton R. Rackmil, president of Uni versal, and Lew Wasserman of MCA. Rackmil emphasized that the name Universal-Intena- tional Studios will be retained and that the "company is in business to stay." He added that the transac tion will strengthen Univer-sal's competitive position in the industry and indicated that the new capital realized QAM: FINAL DAILY 10c TALKS DOING DULLES GOOD PARIS, Dec. 17 Wl The rigors of an international conference appear to be doing Secretary of State Dulles a world of good. A U.S. spokesman said today that Dulles, who left a sfekbed to come to the NATO conference here, is doing so well there is even more bounce in his walk. He will leave tomorrow for a week's holiday in Jamaica. preme military planning Dooy. Secretary of State Dulles, though, may have been the man who turned this European tide of apathy. Dulles made a dramatic portrayal of America's tremendous task of trying to preserve the great Pacific area from envelopment by Communist China. Dangers Described Whether or not this was his purpose, his powerful description of dangers in the Far East seems to have awakened Europeans to dangers on their own borders. Dulles declared that, unless the United States defends Eastern Asia Chinese Communists will gain their aim of adding an industrialized Japan to their own tremendous resources in manpower and raw materials. - "A combination of the Sc Please Turn to Pg. 25, Col. 3 from the sale will bolster U-I's economy. Rackmil also said there is no intention of retiring the preferred stock of Universal, which is controlled by Decca Records, Inc., nor do Universal and Decca plan to merge. . It is assumed that MCA, now leasing sound stages at Republic studios for the pro, duction of television shows, will eventually transfer such activities to the Universal lot when they do not eonflict with the movie company's 'production schedule. t y -

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