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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 29, 1970
Page
2
The Dow Jones average rose to 737.47 as gains led by rails airlines mail order retail and electronics. Merck dropped 5 percent to 85.55 after news of a preliminary merger deal with National Starch & Chemical.
AP report lists American Stock Exchange figures with high, low and last prices for numerous securities. It includes a table of shares such as Coca Cola, Dow Chemical, General Dynamics, Philip Morris, and many others with varying bid quotes and notes on dividends and special cases.
Exchange selected New York stocks show mixed to higher moves with gains in many blue chips and rallies in several utilities and industrials. Notable names include Allied Chemical, Ampex Corp, Texaco, Boeing Co, and Westinghouse, with varied percentage changes across sectors and a broad market tone.
A severe heat wave with 94 degree temperatures and hot humid conditions spread from Philadelphia to New York and Atlanta. Atmospheric conditions raised air pollution concerns across seven states as two major Con Ed units remained out for repairs, limiting power supply through the summer.
Right wing Gahal backs holding all occupied territory while Dayan notes Soviet supervisors of SAM missiles in Syria and Egypt. Rogers proposes a 90 day cease fire for Jarring to resume talks. Egypt and Jordan accept, Palestinians reject. Egyptian radio ban draws criticism from leftist fronts claiming liquidation of the guerrilla movement.
A planned series of free rock concerts in Grant Park were canceled after a three hour clash between spectators and police. Police arrested 165 people on mob action charges, 135 injured including 65 officers, and property damage occurred downtown. Mayor Daley and Park District president Daniel Shannon blamed premeditated violence by disruptive youths.
The Oxford father and son, Robert Gerald Teel and Robert Larry Teel, face first degree murder charges for the slaying of 23 year old Henry D. Marrow in Oxford on May 11. Jury seating and alternates from Wake and Warren counties were arranged as a new venire was ordered. State troopers helped restore order after disturbances the week following Marrow’s death.
Opening day sales on the South Carolina and border North Carolina flue cured tobacco markets set a record average of 70.93 dollars, near the predicted 71.00. North Carolina averaged 71.29 dollars while South Carolina averaged 61. Total day sales reached 10,287,907 pounds with 5,495,018 from South Carolina and 4,792,889 from North Carolina.
Linda Kasabian testified in the Charles Manson murder trial about the August 9 attack at Sharon Tate's hilltop home. She described watching Watson shoot Steven Parent and stab Wojciech Frykowski, and seeing Patricia Krenwinkel pursue Abigail Folger as Susan Atkins urged the group to continue. The witness recalled Manson's orders, the killings, and the cult’s sexual rituals observed by the group.
North Carolina Attorney General Robert Morgan urged the 4th U.S. Circuit Court to require complete desegregation plans by Tuesday. He argued a federal order by Judge Algernon Butler oversteps state powers and urges local boards to comply without ceding state control. Morgan said remedies will be exhausted before any further action.
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