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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 16, 1970
Page
2
Stocks fell sharply in light trading with the Dow Jones Industrials down about 5.87 at noon to 766.24. Broad losses hit steel, motors, rubber, aircraft, electronics, oils and drugs while no group advanced.
A crowded list of tickers shows active trading with limited clarity as Gen Elec, IBM, AmCan, Arco and many others display varied last prices and percent changes. Investors monitor Aetna Life, AmAirline and corporate names across sectors amid fluctuating highs and lows.
Market roundup shows mixed moves at noon with slight shifts in industrial and transportation sectors. Traders monitor indicators as the index fluctuates amid broader finance sector activity.
Gov. Lester Maddox announces candidacy for lieutenant governor in Georgia races. He notes he has not decided on switching to the Republican party and says his wife Virginia will not run for governor. Maddox previously won the governorship by Assembly election after a second-place gubernatorial finish.
Forecast discusses cold nights across the region with 20s to 30s, frost risk in South Carolina, and Virginia snow chances in the southwest. Tuesday brings increasing clouds and rain or snow in the mountains, with milder conditions east of the mountains and temperatures rising into the 40s to 60s by week's end.
Reed Supply Co president R D Reed announced Jay Duke appointed manager. Duke has 10 years with Savings Supply Co as general manager and VP and stayed on as Branch Manager after its 1967 merger with Moores Super Stores. He is UNC alum and Salisbury resident with family.
William E. Parkerson named merchandise manager of the Heritage upholstery division of Drexel Enterprises. A Chester Georgia native, he joined Heritage in 1963, later became a sales representative, and holds degrees from Berry College and North Carolina State University. He lives in Morganton with his wife Virginia Wimpy and their two daughters.
A Washington Post report from Vientiane states more than 12 Americans died March 11, 1968 at a secret Laos radar base aiding bombing runs on North Vietnam. The White House had conceded some U S personnel deaths in Laos, while Congress debates deeper involvement and possible intervention.
Israeli reconnaissance over Egypt says a Russian built MIG21 was shot down near the Suez Canal in a dogfight. The claim raises total Egyptian warplanes downed to 76 since 1967. The report also notes Syrian penetration by Israeli airborne troops after missions near Damascus.
The NAACP Legal Defense Fund accused Charlotte officials of defying desegregation orders as busing fights expand across 30 Mississippi districts and 14 Southern districts. The Burger Court denied reinstating Judge McMillan's busing order in a brief ruling. Senator Ervin praised the decision while criticizing judicial overreach.
A vacant house at 107 Spring Garden Street was heavily damaged by a morning fire. Firefighters arrived after a call just before 5 a.m. and could not save the rear portion of the structure. the property is owned by Gray son Spencer.
Henry Thomas Hunt 70 of Asheboro died Sunday at Randolph Hospital after a lengthy illness. He retired after 38 years from the Spartanburg Herald Journal as a printer and lived in Asheboro 13 years. Survivors include his wife Ruth Worley Hunt of Spartanburg two daughters Mrs Harold Mathis and Miss Vickie Hunt of Spartanburg a son Wiles Hunt ofboro and two sisters Mrs Gertrude Gattis of Beer Pa and Mrs Minnie Wilson of Lake City S C. Funeral is Wednesday at 2 p.m. Floyds Greenlawn Chapel Spartanburg NC. Body at Pugh Funeral Home with family tonight 7 to 9.
Sen. Edward M. Kennedy faced letters threatening harm as he marched with his wife Joan in a St. Patrick's Day parade in Lawrence Massachusetts. A heavy security detail including state police and a helicopter protected them from an estimated crowd of 50 000 attendees. Authorities provided few specifics about the threats.
The Distributive Education Club at Central High School sponsors a Bosses' Night Banquet at the Sheraton at 7 tonight. The club includes students in distributive education programs with part time employment by local businesses and industries.
In 1970 a group of more than 30 tribes climbed a 70 foot cliff to Fort Lawton Seattle. They built a teepee and danced claiming rights. Army arrested 78 protesters and jailed them briefly. 17 faced U S commissioners for illegal entry as tensions rose over ongoing demonstrations.
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