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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 03, 1970
Page
2
Stocks posted a mixed day on the New York Stock Exchange with losers outnumbering gainers by about two to one. The Dow Jones Industrial Average finished down 0.75 points at 709.61 amid a bout of selling as several active issues moved on modest changes.
Washington AP reports the Nixon administration requires political clearance for scientists appointed to key government advisory committees. Frederic V. Malek says selections reflect the secretary’s philosophies and interests, with nontechnical panels possibly exempt. Career managers complain of low batting averages and industry ties on the Air Quality Advisory Board. Democrats say some scientists have been denied posts for party affiliation.
In Flat Rock North Carolina the Associate Reformed Presbyterian Church General Synod voted to form a special committee to study low rent housing for the poor. The report by Rev Robert Brawley cites poverty and substandard wages and urges employers to pay state wages. Delegates will also hear reports on education and hold memorial services. the meeting ends Friday.
In Greenville Duke University President Terry Sanford spoke at the North Carolina United Methodist Conference as about 1,000 delegates gathered. The meeting runs to Friday with new pastoral appointments for roughly 175 ministers to be announced. Opening day ordained 15 ministers and admitted 13 pastors, and approved a leave of absence to allow ministers to study annually, including a month off in one year of a four year cycle.
Arab guerrillas in Jordan fired two waves of rockets at Beit Shean killing a 9 year old girl and a boy and wounding several others. An additional school building was struck and a classroom fire started as police searched for more victims. Israel returned fire with no immediate casualty report.
The piece notes the $377 billion debt ceiling with a March 1969 rise of $12 billion and a pending July 1 auto cut to $365 billion. It cites expected deficits near $1.8 billion for the current year and $1.3 billion next, with alternative projections from the Joint Committee on Internal Revenue Taxation.
Reports describe a helicopter crash north of Saigon as the war’s 3766th loss with two other crashes near Cambodia and Vietnam borders killing three Americans and wounding ten. Cambodian forces sweep 35 miles south of Phnom Penh. NBC crew members missing, later said alive and being treated, with further details on other journalists missing or captured.
Bad weather and blocked roads slow rescue efforts in the Huaylas Canyon Peru where Yungay Caraz and Huaraz were devastated by the quake. Officials fear up to 30000 dead as communications fail.
The North Carolina Utilities Commission ordered electric power companies to prepare emergency plans for potential summer peak demand. Officials described the reserve as 8.1 percent above anticipated peak, below the 15 to 20 percent considered normal for reliability, and said power should be adequate but tight.
A 50 by 50 foot vinyl mattress inflated on 53rd Street outside the Museum of Contemporary Crafts turned a museum delegates reception into a playful spectacle. Spectators bounced and ate a seven foot cake replica as MoMA and the American Folk Art Museum joined the event to loosen the formal atmosphere. The three museums invited guests to explore their doors from 10 p.m. to midnight with music from a violin trio and a rock band.
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