Oil Stocks Mixed. Atlantic Richfield Rises and Falls
Atlantic Richfield 2.80 preferred fell 3 Wednesday while the common slipped about 4 percent, closing near 111. Other oils among the most active, with varied moves as market activity shifted.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 28, 1969
Page
2
Atlantic Richfield 2.80 preferred fell 3 Wednesday while the common slipped about 4 percent, closing near 111. Other oils among the most active, with varied moves as market activity shifted.
Wall Street traders held a narrow session with the Dow Jones and other indices fluctuating. Financial data from the American Stock Exchange and the New York Stock Exchange reflected moderate gains in some blue chips while tech and energy issues eased.
The parliament approved a plan allowing stewardesses to work until age 50, a concession aimed at averting a walkout. Reactions were mixed with many men favoring younger crews while some defend older staff. Air France had set 40 as the limit but agreed to the boost amid labor pressure. Beirut news quoted King Hussein suggesting war with Israel was possible and an explosion could occur at any time.
A survey of airline passengers and workers reveals varied opinions on aging stewardesses. Some welcome experience and glamour, while others prefer younger staff. Respondents include John Morgan, Eugene L. Wyman, Nicholas J. Nichols, Ross Gelber, and Pete Fountain, reflecting broad ties to age and service.
Suzan Burkhead, Asheboro native and 1969 Bauder Career College graduate, has been appointed to a design post with Wellington Hall's design center in Palm Beach Florida. AMS Speaker Everhart to address High Point chapter dinner
The Associated Press reports Coca Cola bottlers announce a 15 cent rise per 24 bottle case effective Oct 1 tied to a new 3 cent levy. Royal Crown Pepsi Cola and Seven Up bottlers in Charlotte Asheville and Greensboro confirm price increases, with retailers deciding final pricing while bottlers say no extra profit.
A contentious stand off in Pittsburgh over Black construction workers’ jobs led to three days of protests that halted work on major sites. Negotiations between the Black Construction Coalition, the Master Builders Association, and unions produced a tentative halt to demonstrations until Tuesday as leaders seek a 2 percent Black membership share among city trade unions. More than 225 arrests occurred and 12 police officers and 35 demonstrators were injured. NAACP leader Byrd Brown and Mayor Joseph Barr announced the pause, with Brown noting Black workers still absent from jobs and vowing ongoing action until representation improves.
Helen Meyner announced she and former Gov. Robert B. Meyner, the Democratic gubernatorial candidate, are expecting a baby in late February after 13 years of marriage. The 41 year old wife said the pregnancy followed fertility treatment at Columbia Presbyterian Medical Center in New York City. She noted a fertility problem and that treatment began about four years ago.
Tricia Nixon walked from Walter Reed Army Hospital with Brig. Gen. Carl W. Hughes and a Secret Service detail. Photographers captured the moment as she waved to onlookers, two days after admission for abdominal pains. Doctors had not yet pinpointed the cause, but she was free of pain.
Washington reports indicate the Soviets may be seeking Western reaction to a potential Russian strike against Red China’s atomic installations. Some European party sources last month claimed the Soviet inquiry, but other Washington reports cast doubt on those Western circles’ accounts from the Moscow Communist Congress last June.
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