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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 07, 1971
Page
2
Stocks rise broadly in early trading as banks react to a 6 percent rate cut. Dow Jones hits 839.61 with the 60-stock average at 293.3 as industry groups advance and blue chips weigh on the market.
Gov. Bob Scott will deliver his biennial state of the state address to the North Carolina General Assembly next Thursday at 12 30 p m before a joint session in the House chambers. The Assembly convenses Wednesday at noon. A budget message date is not set but expected within a week of the address.
Boston AP report says Senator Edward M. Kennedy of Massachusetts left New England Baptist Hospital after an overnight checkup on his back from injuries in a 1964 airplane crash. A Kennedy spokesman would not comment on his condition after the departure on Wednesday.
Dr. Salvatore Raiti director of the National Pituitary Agency in Baltimore says mass production of a lab synthesized hormone to treat dwarfism may take up to five years. He expects the synthetic product to expand as San Francisco researchers succeed, reducing demand for his agency but until then his seven member staff will continue collecting pituitary glands.
Dr. Raiti of the University of Maryland reports a nonprofit agency collects about 75 000 pituitary glands yearly, using 60 000 for growth hormone extraction. About 500 American children with hypopituitarism receive the hormone, with an estimated 10 000 needing it, and researchers in San Francisco have access to the remainder for study. The hormone can spur roughly a 10 inch gain over four years, though growth in untreated children runs about half an inch per year.
In New York at noon the AP stock averages show mixed results with small gains and losses across sectors. Industrial shares hover near the day’s level while transportation and finance groups move modestly, reflecting cautious investor sentiment.
Senator Robert Dole, seen as the likely next GOP national chairman, defends Nixon policies in tense Senate debates. The Kansas Republican, 47, gains notoriety for his strong responses to critics and his pivotal role in delaying Cambodia war votes before backing the Cooper Church amendment.
Federal authorities announce Bobby Baker will surrender January 14 at Lewisburg Prison in Pennsylvania to serve a one to three year term for tax evasion larceny and conspiracy. Baker once aided the Democratic Senate majority and formerly worked as an associate of Lyndon B. Johnson before becoming a real estate developer in Ocean City Maryland.
At the Paris peace talks representatives from Hanoi and Saigon voiced hopes for progress in 1971 while repeating accusations. Xuan Thuy warned of U S efforts under Vietnamization, and Mme Nguyen Thi Binh asserted U S withdrawal is not genuine. Pham Dang Lam urged the conference to end hostilities and restore peace. He attributed stalemate to North Vietnam and the Viet Cong, aiming to expand Hanoi’s influence toward Cambodia and Laos.
Defense for Ella Davis calls the Marin County murder and kidnapping case a sham and seeks dismissal and bail. The 26 year old, an avowed Communist, is charged as an accomplice in the Aug. 7 Civic Center escape attempt that left a judge two convicts and a 17 year old dead. Rulings due in early March.
Researchers reveal that HGH from animals accelerates healing and boosts antibodies in lab tests while also lowering blood cholesterol. Li notes the potential to create antigrowth and anticancer molecules, with mass production likely within years. HGH structure was identified after a decade of work.
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