JALL §TBSSt ~ r- F..1vt , YL n . , Wall Street booming today. Prices on the stock market rising all along the line for•• a 7t~1"t.R Four Billion Dollar gain. ~mmedi a te result - of the••••~••••••~•••• reduction of the interest rate by the Federal Reserve Board. zfown - from three-and- ; a•half to three percent. The a n nouncement of th11 wa• made yesterday afternoon after the market had closed. Taking effeo, on prices -- the first thing this morning. When there was a burst of active trading. The reduction of lnterePt on borrowing by local bank• meaning - easier money. !ncouraglng - industrial inYestment. STATE DEPARTMENT Our government has closed some sections of this country to Russian travellers, And, opened ~ ~ < 4 V others to them . rorty-five thoueknd mile, in a nuaber 1, ,I. of states -- now marked, •tee~ out•. But, fourteen cities now nam e d as places that Russians can vialt. Hitherto -- closed••• to them. Vhat•a the reaeon for thia maneuver, Retalliat1on for the way the Moacow government hae reetr1cted viaits by American travellers. We -- following au1t with a similar pattern. So stated in a note from the State Department to the lovlet Embaaey 1n Washington. MIISI LI§ Our Ameri c an prott;ram for d e veloping mi1eilee and other futuristic weapon• now to be placed under the direct i on of a single manager. An official in the efenee Department to be placed above the Arm7, Navy, and Air rorce in dealing with euoh wesoon1 a1 rockets. So announced by !ecretery of Def e n1e Betl ~cllroy today. Indicating -- a way of getting sr o un4 inter-service rivalry. The new director -- William Holl&day who hae been 1erving a1 a 1pec1a1 a1111tant for•• 1ulded m11e11e1 under Secretary Mollro7. SATELLITE The Navy announ c es that •test satellites• are in g shipped on to a launching base in Florida. The test firing to be staged•• early next month. so. will a man-made moon be put into an ., orbit~ Perhape. Although. strictly -- 1t will be '""' no more than an ex p erimental try out of the Venguar4 Rocket. To eee -- if the B ? tellite will separate properly from the rocket. But ~ may be N,.. that ~ man-made moon may go off into an orbit. So eaye Rocket £c1entiat Roger Eastern -- w h o ha£ hopes. 9'Rf3ny 1uch orbit1DI will be - what he cell•• an extra feature. And there'll be no dieappointaant 1f it falls to happenJ-° ~tc.t ~The real honest to goodneee launching of the leyy satellite -- not planned. until March. We know, of cours e. . that President Eisenhower has told the Ar m y to go ahead with 1tl - - - ~ a1;#_ own Jupiter . n:d launch • Tan-made moon. The •aTy - - - I A -=(t;;t--\l~,~ hoping -- to succeed with its Otta projec~~M'e"" - I ··~t~tt - ~ ~est next month. JHRUSHCHEY Khrushchev - challen g es the United Sta es to a duel. A ro c ket c omp e tition -- shooting it out with ballistic m 11111es. The big boe1 of the Ru11ian Communist Party made the pro n oeel in an interview with Unit e d Press corree p ondent Henry Shapiro. Khruehohev inBiPted that the Soviets are ahead of the United States in the miesile-satell1te field. •t•m convinced• he argued, •that America has not got the intercontinental ballistic mi1e11e. if they have, they would have launched their own Sputnik. Ve launched our iputulk on the ba111 of the ICB""II,■ ........ ....-.:.f e., Then he i11ue4 hll d e flanoe:.!'Let'• have a peaceful rocket contest! Juet like a rlfle-1hoot1n1 match -- and then they'll see for themselvee.• Quite a rifle shooting contest, and I wonder on what target zt range it could be held. Maybe IBBQCHCH!V - 2 somewhere out in the 1mmen1e distance• of the Pacific. If -- the United States were to go into that kind of shooting match. ,..¥1i1oh - is unlikely. / Khrushchev told u P correspondent Shanlro, that if ther e 's another world war lt would be tough' out on the American continent. He edded that the auss1ans would aleo get hurt. •we too would suffer 1mtnen1e1!,• . e said. Repeetlng hill fam111er contention -- that Soviet Ru1e1a would never 1tart a war. ~~ rrom Soviet Rues1a,,Aen account of the dism11sal of Aarshal Zhukov,A hi•....,_.~ -- from ~ Khrushchev h1m F elf. Who, in an interview today, malntalned -- that the ousted Minister of Defenee wanted to ma.,,.f11m•elf another Stalin, "He was very rude and dictator1a1•, declared the Communlet party chlef. •Be often acted on bls own without consulting h is military colleague••, and lhrushcheT add1 that Zhukov wae unpopular with other Red Army 1eneral1. However, he den1ea that the other military men inetigated the downfall of ZhukoT. Saying - that the 1nitlattve came from the Communlet pariy Pres141um. 11\18' lhrusbobeT says be recognizes the eminence of Zhukov as a military man. Sayin.-...be wlll always remain a hero•. Bot however the gteatest of Soviet war•••• heros, but ■■ one of uas many including Malinovsky, who took Zhukov's poet a• Minister of Defense. §PACI DOG We've been hAv1ng some oontrad1ct10n1 about the final fate of the Space Dog Lalka. Ye1terdey in Co-unlst Warsaw a member of the Soviet Academy of Science declared -- the dog was po1eoned by the lest bite of food, to keep the animal from lingering. Today,ttowever, another verston was 1lven in Moecow by Protea or Pokros1kJ a top ranting 8oT1et ~c1ent11tJ , no etated -- that Lalka perlebed when the oxygen supply was exhaueted in the earth 1etellite. Meaning -- ~uffooat1on. Thie announcement wee made at a full dre11 new• conference 1n Moeoow end may be taken a• offlc1a1. 7 tUJiI SIA A storm of pro t est in France because of the shipment of American and British wea ons to funieta. Premier Gaillard calling this Br1t1eh American aotlon (( ~ l l f d d unfriendly•. At a Neto conference in Parts the French delegation walked out. The French of course ere afraid that arm• for Tunisia will find their way into the hande of Algerian rebels. Although - the Tunteian authorittee have ~lven all a11uranoe that the guns will be uae4 only for Tunisian defense. Today, plane loads of rifles from the United States and lt~ht machine guns fro~ Brl t~i n landed in T uni eia. Car goe• Quickly on the tr way when it was learned that Communist-made weapon• would be shipped from !gypt. Here's the sentence impos e d on Colonel Rudolph Ivandvich Abel convicted of Soviet esp1on R ge. Called -- the nost i m portant Russian spy ever arrested in this country. H e could have got the death penalty and eeeme to have expec t ed it. rederel Judge Mortimer Byer• today sentenced Abel to thirty years in prleon- virtually a life rent ~ nc e considering hie age -- fltty-flve. BAK$RS UNION The A r L - BakerJ Workers Union. ) CI O today SU pen d ed £_ J- Yo r defying -1!;. order I /'- the to g e, rid of Bakery Union President James G. Cro•') lfho was charged, at a Een r te Labor Recker ■ hearing wi,h using Union funds for personal gain. Crose den1 d any wrong doing -- which howeTer did not convince the Ar L - CI o. Yesterday, \he executive board of \he Bakers announced that the Union President wo u ld eeek reelection. so, today, the Union was•••• promp,11 suspended. RACKETS Hew York City detectives were on their way today to a q u i t little town 1n upstate New York. Ap'1ach1n ,.. which ie not far fr o m the Penneylvania border. The ew York police intereeted in a large party of prosperous lookin g vieitorB arriving suddenf"y in Appale c hin. Sixty-five w e ll dressed individual• in exneneive automobiles. The local eta e police were curiou1 about ' ' -- ,,l.~"-d..4,A...("\\ thll sudden ~ • • ~ of peo "> le •~looked like 1' ~ ll(~,~ m ~ s -- or gangeters. a■• --Trounded them .. J 1, up}' ,them to include big shot e of the under world. Some - chiefs of the Maffia, the dreaded crime 1yndicate. Among them -- Vito Gen0Te1e, often called •The king of the racket1 1 They were c alling on a · 1ocal beer distributor in f Apalachin, Joseph Barbaro, who by i< the way has beaten murder indictments four times. Berb8ro exula1ned -- that he was 3uet being visited by friends. But what a gathering of sinister friends. RACKETS - 2 None of them could be held. They weren't violating any law and had to be released. But the suppo s ition ,"'\ 1s that 1t was a conclave of under world leaders -- called for emergency discues1one. Topic! The police think it may have been the question of d1viding the realm of racketeering left by Albert Anastasia, •Lord high executioner• of Murder Incorporeted, who wae ■n■x••••••x wiped out by gangeter gun• recently. In W11 , shlngton today, the Senate inTettigation continued, looking into racket e ering 1n the Hew York ~~ City garbarge diapoaal bualnees. One w1tne11 f,... Vincent times. <falled - the Csar of the garba1e colleoto'9 fifth Amendment one--bundred-an~ eleven Squillante ha• been previoualy named ae a member of the Maffla-crlme syndicate. Today he wouldn't answer w h en aeked •bad he ever heard of the Maffia?• A series of other similar wltneasee took the r1fth. ••ttxft rooTBALL COACH A federal judge today lmpoeed a sentence on former football coach Chick Meehan. Convicted with two other defendant of operating a black merket in eteel during the Korean wer. Chick Meehan and hie partnere accu1ed of obtaining eteel by fraud in violation of the Defense Production Act. Then -- Pell1ng the teel for a profit. In New Tork ... ~~~ ~',\,(. Caahin impoeedfon the today, former Federal Judge John football coach fi!'wew .A a one yeer 1u1pended prieon eentence. The other - - two defen•~•IUng ~~ euepended eentences :,( t inee. SfIBPLI At Hudson falls, New York the local police u1e the worde: •tantaet1c swindle•. They alght al10 say •1ncred1ble gull1b111ty•. They've arreeted Harry auesel who they olallft got as much ae 11fty T ~ ouaand Dollars out of the fraud. They aleo nabbed Charles Beater whom theJ call -- an •unwitting accomplice•. A partner -- aleo the prlnclpal v1ct1•• lua1ell bad eerved a term 1n prleon -- oonv1cted of Grand Larceny. lo, at Hudson ra111, he talked about h11 innocence -- wrongly convlcte4. Eaying -- the government would baTe to indemnify him for the sentence he bad served. Bii money coming to him -- m1111on1. He~ter, a diamond cutter, e1xty-f1ve year• old -- became interested. lu1eell -- promising hla a share of the expected caeh from Uncle~••· If -- Herter would kick 1n with money for expenses. Which the diamond cutter did -- and he got other people interetted 1n the scheme. ftllPLI - 2 You may think ~hat fanteetic, but listen to thi1. Diamond Cutter Heeter receiving a telephone C811, from former Attorney Gene al Herbert Brown e ll, aleo -- from Governor Harriman of Nev York. And, to cap the climax, Preeident 11eenhower. Telephone cell• - - placed by Ru11ell. He told d a the diamond cutter -- the ,rea1dent wanted to m ake a eettlement and pay tho•• m1111on1. But -- ~overnor Harriman we• obJeot1n1. The yarn wa• accepted a• true, end thal, Joe, we• -- the incredible gull1b111tJ. Annou~oer: f oddity. L.T.: The PreA1dent of Argentina and the u. 8. Ambae1sdor at Buenos Aires joined a club today. A most exclusive club. Nore excluetve a■ than anytbtn1 in the real• of enobbery. The 1uper1on1c club. The memberahtp of which 11 limited to hoee who have broken the sound barrier. At the Bueno• Atrea flylng field Preetdenl Pedro Aramburu climbed into a u.s. 1• iet plane piloted by Captain Charle• Scott of St. Peter1bur1, Flortda. The jet -- roaring aloft. Then the cre1h and the 1hock wave breaking through the 1ound barrier. That having been accompllehed -- u.s. Ambaeaador Willard Beaulac boarded the jet for the same thrilling experience. The two members then recetvlng certiflcate1 and lapel buttons of the Supersonic Club -- sa and SOLONG UNTIL MONDAY.