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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 18, 1970
Page
2
The Dow Jones average rises to 709.61 at noon up 4.93 with declines edging gains. Analysts flag a rising short position as bullish for glamor and overall market strength amid mixed movements in steel airlines and rubber sectors.
The New York Stock Exchange released selected afternoon prices indicating market movement. Investors watched shifts in key stocks as trading continued in New York.
American Stock Exchange table lists many issues with high lows and last price figures. Includes Am Petr Arc Indust Asamera Brascan Campbi Javelin Cinerama Creole Data Con Dynalectin EquityCap Frontier Air Gen Plywood Giant Vel Husky Hydromet Kaiser McCrory Mich Sug Molybd Newidria NewPark Ormandint Ric Saxon Saxon Indwi Scurry Statham Syntex Technico with footnoted dividend terms and tax notes.
NASD bid and asked quotations reflect representative inter-dealer prices around 11 am. Markets shift during the day and prices exclude retail markups markdowns and commissions.
The government reports the Consumer Price Index at 134.6, meaning a typical family spent $13.46 per $10.99 base in the 1957 59 period. Prices rose 0.4 percent from April, the smallest monthly increase since January, with food up 0.3 percent, housing and medical care up 0.5 percent, clothing 0.6 percent, and transportation 0.8 percent. Living costs were 6.2 percent higher than a year earlier, keeping the pace above 6 percent for over a year.
Artistic Beauty School at 327% N Main St has been admitted as an 11 year member in the National Association of Cosmetology Schools, a group of more than 800 private beauty schools across the United States and Canada.
Joe Hoover has been promoted to plant manager of Masonite Corp slow fabricating division in Thomasville. He joined the firm on June 13 1960 as a lift truck operator in shipping.
Roger Hassell Fox of Kernersville route one completed a three day Agents Sales Skill School at Liberty Life Insurance Co home office in Greenville. Fox assigned to the High Point branch gained knowledge of Liberty Life contracts and new sales techniques while exchanging ideas with other Liberty Life agents.
The price index tracks costs of living items from food and housing to health and recreation. It uses data from about 18,000 stores and 40,000 rental interviews, then compiles figures for monthly news briefings and wage contracts.
Linda Kasabian, a key prosecution witness in the Sharon Tate murder case, faces alleged intimidation from Manson followers via letters urging her not to testify. Kasabian waived speedy trial as jury selection continues with 60 potential jurors and court renovations underway for the lengthy proceedings.
Six people were shot in Miami as racial unrest resurged into a fourth night. Police reported gunfire in most Negro neighborhoods, heavy exchanges in Brownsville, widespread looting, over 50 arrests for curfew violations, and several firebombings.
At the 110th General Assembly in Memphis Tennessee delegates tackle abortion policy withdrawal from Southeast Asia and the Black Manifesto amid debates on youth delegates women's roles and council membership. A resolution urges allowing abortion only with medical input and parental or spousal consent with doctor involvement. A war stance favors faster Vietnam withdrawal and foreign aid while a minority report supports completing Vietnamization. The assembly keeps the National Council of Churches by a vote of 245 to 156 and allows 74 presbyteries to send one young delegate next year.
North Carolina officials warn severe dry weather threatens crops with drought stress in the Piedmont and Coastal Plains. Corn is at high risk, while cotton and tobacco show resilience or stress depending on irrigation and location. Harvesting conditions for small grains and hay benefit from the dry spell.
Sanitation workers in Greensboro protested wage demands, with only 50 of 160 reporting for work and 65 the day before. The city distributes 80,000 plastic bags and sets up six collection points as uncollected garbage increases. Labor organizer Gene Gore urges action and notes planned walkouts in Charlotte and possibly Durham.
London AP reports Britons begin voting for a new House of Commons with Prime Minister Harold Wilson’s Labour expected to win a fresh five year mandate. turnout may hit a record with forecasts of 30 million voters of 40 million eligible. Edward Heath’s Conservatives hope marginal districts buck national trend.
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