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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 22, 1969
Page
18
US stocks opened lower as investors reacted to a recommendation to repeal the tax credit. The Dow Jones Industrial Average stood at 912.68 at noon, down 4.83 points, with declines outpacing advances in early trading.
Stock page lists numerous tickers with price changes and percentages for many companies including General Electric IBM Coca Cola and Goodyear. The table notes daily fluctuations, volume figures, and percentage moves across industries on a broad market snapshot.
A dense excerpt lists numerous securities with bid and ask figures and notes on dividends ex-rights ex-distribution and special cases. It includes company names such as Texaco Textron TexP Ld and Shell along with percentages and prices reflecting a broad market snapshot.
NASD quotations reflect inter-dealer prices around 11 a m trades vary through the day. Prices exclude retail markups markdowns and commissions. Inter-dealer markets change as sessions progress.
North Carolina sees variable clouds and mild air with a chance of showers today. Highs range from 65 to 71 in the mountains and north portion, lower 70s elsewhere. Tonight and Wednesday bring clearing and cooler air with 40s nights and near 50 along the coast. South Carolina remains partly cloudy and mild with highs 68 to 78 and 42 to 48 lows. Georgia stays fair and mild with wind, cooler tonight, highs mostly in the 70s. Virginia shows rain in the east and possible wet snow in the mountains tonight, with a mix of showers through Wednesday and highs 55 to 70.
The jury weighs life or death for Sirhan Sirhan in Kennedy assassination case. Defense and prosecution pleas highlight his youth and alleged provocation as the final arguments conclude. Sirhan’s mother testifies, and attorney Coover cites the late Senator Kennedy’s victory as context for the verdict.
AP notes a noon ticker update from the New York Stock Exchange showing mixed movements across sectors. Figures for industrials transportation utilities and finance appear with scattered gains and losses in a brief market tally.
A North Carolina joint appropriations subcommittee tentatively approved public kindergartens and seven education requests from Gov. Bob Scott including school bus service and an East Carolina University health sciences building. The panel cut United Forces for Education aides. Final approval rests with the full committee before House and Senate action. The kindergarten program would cost about 4 million for the biennium and cover 90 000 five year olds, though figures vary.
About 1 000 Negroes, led by Rev Abernathy and other civil rights figures, march peacefully to two Charleston hospitals in solidarity with striking workers. Motorcycle police cleared the way as crowds filled Charleston streets, with leaders locking arms at the front.
Gustav Husak the new Czech Communist Party chief travels to Moscow to seek Kremlin backing. He is greeted by Brezhnev Kosygin and others as reformists hope for credits and a halt to Czech propaganda. Husak aims to strengthen party control while pursuing reform.
Washington officials outline a double track approach to reduce U.S. combat role in Vietnam if Paris talks fail. Secretary Rogers says thousands of troops may return home this year while South Vietnamese forces gain burden, with emphasis on political unity and negotiated settlement. He notes readiness for the unlikely event talks stall and targets shifting burden to Saigon.
Treasury sources expect closer scrutiny of onces and focus on curbing abuse of preferences as tax shelters. President's reform plan draws mixed reactions in Congress with critics warning repeal could trigger recession while some Democrats push expansion for worker retraining amid skilled labor shortages.
A fast moving blaze in downtown Asheville North Carolina destroyed a bank and Dunham's Music House on Patton Avenue. Six fire trucks fought the flames as customers were evacuated and police cordoned off the area watching the fire. The cause and damage estimates were not immediately available.
The Supreme Court ruled that prosecutors must prove a real threat of physical violence to convict under the law banning threats against the President or Vice President. The decision upheld the statute but cautioned against suppressing political hyperbole. Robert Watts, 21, had been sentenced for a crude political remark at a 1966 Du Bois Clubs debate in Washington.
Raleigh AP The House Highway Safety Committee approved a Senate backed bill requiring tires to meet minimum tread depth of 2 thirty seconds and be in good condition. Senator Edward Griffin spoke on highway safety data and dealer association support noted tires as vital in inspections.
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