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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Dec 06, 1968
Page
3
Cheers will ring as the Dow Jones nears 1000, a psychological triumph more than a financial goal. The market rose from 985 to threaten 1000, after recovering from the 1966 drop to 744.32 on October 7 and recalling the 1929 peak and 1932 lows.
The piece recounts the 1930s and 1960s dialogue around stock market peaks and a Benton W. Davis book proposing Dow 1,000 based on exponential growth. It links Davis’s theory to a broader view of rapid increases in population, money, productivity, and prices, noting the Dow Jones Industrial Average lagged behind other indicators though major indices hit new highs.
The Decatur High School band under Director Jerry Countryman will present its Christmas Concert at 8 p.m. Monday in the school auditorium. Junior and senior bands perform separately, followed by a reception sponsored by the Band Boosters Club. Tickets are 1 for adults and 50 cents for students.
Ingrid Bergman signs to star in A Walk in the Spring Rain her first U.S. film in 20 years. She plays a sophisticated city woman who becomes involved with a primitive man of the soil. Location shoots are planned in the Smoky Mountains Tennessee next spring.
In Atlanta, doctors warn the Hong Kong flu mutates yearly and varies by region and case. Vaccine development remains uncertain as scientists pursue an eggs-grown strain, with Dowdle and Dull noting expected epidemic proportions and 60 to 70 percent typical vaccine effectiveness.
Total newspaper circulation in India has almost doubled in ten years with more than 600 dailies operating nationwide. The rise reflects expanding readership and a dense media landscape across major cities and regions.
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