Business closing lows report tainted by market shifts
Tate Grand Jury hears fingerprint expert as stock market drift continues. Chrysler drops 44 at 35 percent, Continental down 3 at 2 percent, closing at year’s lows amid motorcyclist band activity.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 08, 1969
Page
2
Tate Grand Jury hears fingerprint expert as stock market drift continues. Chrysler drops 44 at 35 percent, Continental down 3 at 2 percent, closing at year’s lows amid motorcyclist band activity.
The New York AP report notes a tepid Dow Jones average with declines in blue chip shares while some industrials and Disney show modest gains. Market activity is described as moderate with investors awaiting further guidance as the week progresses.
A witness testified that Charles Manson appeared harmless when familiar with him. The statement paints Manson as dedicated and hardworking, noting his Desert group and profession as a geologist nearby. The account mentions repeated meetings in 1968 and impressions of the group as clean and disciplined.
The High Point Board of Adjustments will hear a variance request at 4 p.m. on December 11 at the City County Building. Mrs. Garland M Green seeks a two foot variance to the five foot residential fence height limit for Sunset Drive property.
The labor and merger debate centers on a tax reform measure that would repeal the 7 percent investment credit and cut oil depletion allowances from 27.5 percent to 20 percent. It is projected to net about $2.2 billion for calendar year 1970, but faces a likely presidential veto and conference committee battles.
A brief item notes a proposed merger of teacher groups and cites Edwards noting newspapers use terms like massacre and killings without the full context of alleged events.
An unclear report outlines a plan for a new association with a rule requiring a two thirds board majority on racial questions. It mentions a financing method and a dispute over the association’s structure and governance.
AP reports a new organization names North Carolina Educators Association of Educators to profit from mailings. Subcommittees, forged IDs, and stolen credit cards tied to the operation draw charges. Willis Proxmire cites testimony planned in a Sunday session on proposed limits amid rising mail fraud cases. A spokesman notes forged ID kits fetch about 500 dollars.
West Germany and the Soviet Union began talks in Helsinki and Moscow on renouncing the use of force. Officials see the move as a gesture toward peace, with economic implications and potential shifts in NATO and European security discussions.
The university announced a February 1, 1970 deadline for submitting material for consideration across all journalism categories. The notice emphasizes timely submission to ensure inclusion in upcoming university publications.
Details remain unclear as reports discuss the anti-missile system in development. Officials pursue final tests and readiness, with emphasis on reliability and deployment prospects amid ongoing security concerns.
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