25 Mar 1971
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 25, 1971
Page
1
The report shows a broad market gain led by technology shares with the Dow Jones edging up as investors react to mixed earnings from major banks. The S&P 500 and Nasdaq advance, while energy and utilities lag, and trading volumes stay steady.
A federal grand jury in Miami indicted Meyer Lansky, the noted racketeer, over alleged skimming of casino receipts at the Flamingo Hotel in Las Vegas. Lansky, living in Tel Aviv with his wife, refused to travel for testimony, offering to provide a deposition in Israel.
At Fort Benning Georgia AP report says William Calley appears tired and wan as the military jury deliberates on charges of premeditated murder in the My Lai massacre. The six man panel refrains from verdict as it reviews testimony and a key photograph after nine days of proceedings. Calley confides to a biographer how the waiting affects him while he remains closeted with aides and his secretary between sessions.
President Nixon denounced Senate disapproval of continued supersonic transport funding as a setback to U S scientific leadership while acknowledging a lean toward maintaining the nation’s technological edge. The vote, amid a close party split, sparked surprise defections including Clinton Anderson and others, signaling a tense political standoff.
U S newspapers and magazines face a proposed 142 percent postal rate hike over five years, prompting publishers to raise prices, trim pages, and seek alternate delivery. Magazine Publishers Association notes costs could rise from 2.4 to about 6 cents per copy, risking some titles. Readers Digest and other publishers explore coasts, multiple mailing points, and private delivery to curb costs while subscribers bear the burden.
A North Carolina forest fire burning since Monday scorched over 20,000 acres of young pine on Westvaco land in Dare and surrounding counties. Firefighters fought the blaze with lines built overnight and air tankers dropping retardants as winds shift. Officials expect containment by Friday morning, but warn organic soil could keep burning for days. Westvaco reports 27,000 acres burned with most timber in young 10 to 13 year old pines. a claims officer will handle settlement with the Air Force and Westvaco later.
Harry Walker of Greenville became the first black student body president at the University of South Carolina after receiving about 60 percent of the 14 600 vote. Walker, a senior and leader of the Association of Afro American Students, ran an issue oriented campaign proposing beer sales on downtown campus, funds for disadvantaged students, and veteran and black student recruitment.
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