April 24, 1974

WILLCOX & GIBBS Net Income was 82,111.000 in 19073—up 34% (WG‐AMEX) Advt.

IRS reptdly reverses itself and agrees to give Sen Watergate com investigators pol sensitive tax returns and other materials from personal files of Pres Nixon's bro F Donald and his close friend Charles G Rebozo; Burke W Willsey, representing IRS Comr Donald C Alexander, also reptdly agrees to provide wide variety of tax returns and other data com deems essential to its investigation of Hughes-Rebozo matter; agreement calls for 1 Repub and 1 Dem com staff member to receive information in sensitive files that might bear on inquiry; Willsey takes sharp exception to memo written by com's chief investigator Terry F Lenzner; memo accused IRS of refusing to provide necessary material to com; Willsey claims IRS was merely waiting to make sure material would be 'retained in confidence' before handing it over to com; Alexander, in NY to address ANPA, tells newsmen that he will meet with Sens Ervin and Baker as soon as possible; some Repubs are known to be mad at what they consider IRS 'caving in' to com pressure to release sensitive material (M)

Exxon and Texaco reported earnings increases of 39 and 123 per cent, respectively, for the first quarter of this year. Details on Page 53.

Maurice H Stans' atty Walter J Bonner, in 5-hr summation to jury, says it is preposterous to suppose an 'honorable man' like Stans would commit a crime; describes Stans as man of 'integrity, honor and character' who, during tenure as Pres Eisenhower's budget dir, balanced $66-billion and who would, therefore, be unimpressed by Robert L Vesco's $200,000 cash contribution to Pres Nixon; warns jury not to be prejudiced against Stans for any dislike they may feel toward Pres Nixon; Peter Fleming, atty for John N Mitchell, to sum up on Apr 24 (L)

US Sup Ct on Apr 23 refuses to decide whether professional schools can constitutionally give preference in admissions to members of racial minorities at expense of white applicants; rules, 5 to 4, that issue is no longer valid because Marco DeFunis Jr, who brought suit, will graduate from Washington Univ law school in June; minority attacks ruling as 'sidestepping'; colls and univs must now wait for more sharply-defined case to work up through ct system before learning whether affirmative action programs to admit blacks with lower acad and test records are legal; controversy surrounding case detailed; voting for majority are Burger, Blackmun, Powell, Rehnquist and Stewart; opinions detailed; DeFunis illus (M)