March 3, 1974

Thomas J Mackell, James D Robertson and Frank DePaola convicted of official misconduct and conspiracy on Mar 2, in blocking prosecution of Joseph Ferdinando, perpetrator of fast-money scheme; Mackell is 1st NYC Dist Atty in city's history to be indicted, tried and convicted on state charges for crimes committed while in office; defendants face up to 1 yr in jail on each of 4 misconduct counts and 3 mos for each of 2 conspiracy counts, and up to $5,000 fine; Mackell plans appeal; special prosecutor Nadjari comments; case detailed; illus (L)

The vacation‐home industry, apprehensive that the gasoline shortage might sharply reduce the number of potential buyers, has undertaken major shift in marketing and advertising techniques on the eve of its spring and summer selling season.

Weather: Partly sunny, mild today; cloudy tonight. Showers tomorrow. Temp. range: today 38–52. Saturday 36–41. Additional details on Page 59.

comment on Brit Prime Min Heath's decision to retain power in order to form minority Govt despite failure to win majority in gen election (M)

article on Brit election's impact on econ holds that Conservative party's defeat places country into period of indecisive rule by minority Govt; contends that Brit econ problems, such as inflation, trade deficit and widespread labor unrest, are not likely to be solved in near future; Chase Manhattan Bank Eur coordinator John D Philipsborne, Bankers Trust Co sr economist David F V Ashby and Morgan Guaranty Trust Co vp Robert V Lindsay assess situation article speculates on whether Labor party will try to impose price controls on 'key services' if it assumes power; notes that financial community experts foresee strict freeze on prices that Govt feels it can control; points out that controls, which have been partly responsible for country's trade deficit, are regarded as mandatory to assure that pound does not continue to weaken (L)