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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 06, 1971
Page
10
A reader outlines retirement goals and asks whether to invest 10 000 in stocks or bonds. A responses notes corporate bonds offer high yield today, cites Georgia Power and others, but warns to balance high risk with inflation hedges via common shares or convertible securities for long term growth.
Regents at the University of Texas plan a Friday strategy meeting as students contest control of the Daily Texan. The Texas Student-Publications, Inc. group now runs the paper after a regent proposal sought to shift the board to a journalism majority.
Five San Antonio teenagers were injured Tuesday when their car swerved to avoid a collision and struck a utility pole on W Commerce Street near 2nd Street. Police reported no further details on injuries or condition.
In Fort Worth local livestock sales show steady bids on steers and heifers with demand noted for feeder bulls and cows. Prices listed include feeder staples and various lots from Devers and Joy, with futures shown for Higden and related markets. Consumers and traders monitor chopper trades as prices move through the day.
Former LBJ aide Walt Rostow criticizes The New York Times for its coverage of the Pentagon papers. In an interview with the Daily Texan Rostow argues the Times built conclusions on partial evidence and misrepresented Johnson’s war plans, urging a view that normal contingency planning occurred in 1964 rather than a hidden agenda.
Consul Kan and two other North Americans were to intercede as arrests of three Americans including Julian Beck and Andrew Nadelson were reported in Belhjeans Brazil. A Sydney based Australian Parola Racyk was also arrested amid drug charges, with Brazil enforcing strict narcotics laws.
UPI reports Arlene, the season’s first tropical storm, bore down on the Massachusetts coast with gale force winds then swung eastward, churning harmlessly out to sea. The Weather Bureau noted increasing forward speed as it moved away from land, with center winds near 50 mph and gale winds extending 100 miles.
Buenos Aires hit by a citywide power outage affecting about one third of its 8 million residents for more than two hours on Monday night. Utilities reported an electrical substation issue triggered the blackout, with restoration crews working to restore service citywide.
New York UPI reports stock prices inched higher as lenders cut rates and slow growth restrained gains. Major banks and firms such as Ranseh Lomb, Natomas, and IBM showed modest moves while sectors like rails, airlines, and chemicals fluctuated amid cautious trading on the American and Big Board exchanges.
The Texas United Federation of Postal Clerks will hold its annual state convention in San Antonio at the Convention Center starting Wednesday. Topics include a possible strike if contract talks fail between APWU and the U.S. Postal Service, plus merger discussions among locals and state unions. Banquet speaker will be U.S. Rep Henry Gonzalez with former Sen Ralph Yarborough delivering the welcoming address.
In Warlingen Texas AP a USDA official warned symptoms of a broad horse disease may threaten the industry. Two horses near Brownsville show signs of equine encephalitis with authorities dispatching four diagnostic veterinarians to test and trace the outbreak as samples are sent to Denver and Atlanta. Authorities expect lab results to confirm the virus strain.
A garbled vital statistics record lists numerous individuals including Scart Manora Teuvik Minaly and Marke widnon Fatlagt along with addresses and partial titles in a long string. The text reads like a registry of licenses or filings with assorted names, places such as Finnesville Shirley Lyon Eis and Corpus Christ, plus scattered dates and numbers, but the clarity is insufficient to determine exact actions or jurisdictions. The fragmentary OCR yields many misspellings and nonstandard entries, offering names and locations without verifiable context or outcomes.
Defense Secretary Melvin Laird arrived in Japan for a week long visit beginning in Tokyo and proceeding to Hokkaido then Sapporo for lunch. He toured ground defense units, exchanged views with Japanese officials, and speaks at a luncheon honoring the Hokkaido governor and Sapporo mayor during the two day schedule.
Hanover Trust and Manufacturers Hanover Trust boosted the prime rate to 9.0 percent, with First Pennsylvania leading earlier to 8.3 percent. The move followed weeks of rising short term borrowing costs, pressuring bank results and signaling widespread rate adjustments across major lenders. The Bank of California joined after the shift, followed by several others. US LEADER notes the United States' lead in farm machinery manufacturing.
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