Time Clock, Apr. 27, 1959

• Share

PAY CUT OF $68,992 was taken by General Motors Corp. Chairman Frederic G. Donner in 1958. Donner got $373,508 in salary, fees and bonuses v. $442,500 in 1957. Ex-President Harlow H. Curtice got $354,585 last year, $266,515 less than in 1957.

MISSILE COMPETITION for Air Force Titan's inertial-guidance systems was won by G.M.'s AC Spark Plug Division over American Bosch Arma Corp. Contract's worth: about $300 million in next few years.

RUSSIAN AUTO, the Moskvitch 407, will be offered for sale in U.S. this summer for under $2,000. Four-cylinder four-seater has top speed of 70 m.p.h., claims 36 miles per gallon.

AIR COACH fare cut of 25% on Monday, Tuesday, Wednesday (between 10 p.m. and 4 a.m.) was approved by CAB for five airlines, National, Eastern, Northeast, Northwest and Delta. Rates will be cheaper than bus or train in some cases, e.g., New York-Miami air coach night fare one way $38.61 including tax v. $47.70 by train or $38.89 by bus.

THERMOELECTRIC POWER, generated by converting heat directly into electricity (TIME, April 13-20), will be developed for Navy by Westinghouse Electric and Carrier Corp. Contracts for oil-fired prototypes total only $536,475, but are key step to future direct generation of electricity from atom reactors.

LIPSTICK BATTLE is raging over proposed U.S. ban on 13 coal-tar dyes in lipstick coloring because tests show they injure animals. Almost all cosmetic makers who use the dyes claim they do not injure humans.