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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 05, 1969
Page
2
AP Business writes that steels, motors, rubber, and electronics rose while aircraft stocks eased. Utilities were mixed and IBM rose 1 percent as Control Data dropped about 1 percent in the latest trading.
New York market trends mix as Dow Jones nears noon up about 1.4 percent with industrials, transports and utilities showing gains. Analysts cite last week’s rally and continued upward momentum amid profit taking and brisk trading conditions in the vicinity of midday.
Washington AP report notes Chairman Wilbur Mills of the House Ways and Means Committee doubts a Social Security benefit increase will occur in 1969. He hints action possible in 1970 but cites current workload and committee hurdles. Base benefit cited as $7,800 rising to about $2,000 under projections.
Report on a record setting transatlantic air race with entries from the Royal Navy, Royal Air Force, and civilian pilots. The event, offering $144000 in prizes, aimed to set a nonstop distance record between the U S and London with multiple aircraft challenges and a focus on safety amid protests and political tension.
Investors purchased a record amount of mutual fund shares in March per the Investment Company Institute. March gross sales reached 028,146,000 versus 537,243,600 in March 1988, up 12.7 percent. February totals also rose to 624,783,000, while total net assets of ICI members climbed to 51,062,705,000 at month end from 42,411,541,000 a year earlier.
Two minor fires were watered down on Sunday and firemen checked two false alarms set off apparently maliciously. The trash fire on South Main Street occurred at 1 pm, and a grass fire along the railroad embankment off Hamilton Street at 9 pm. False alarms happened at Ward Street at 1 am and Russeil Street at 2:40 am.
Named speakers join Stanton and Harold Gibbardt as photographic supervisors Alderman Studios will address the 78th International Exposition of Professional Photography in New York June 7 12. The five day convention features meetings clinics speeches and seminars on professional business aspects with over 500 photographers expected to attend.
The Supreme Court agreed to review state residency requirements for voting in presidential elections. A Colorado couple, Richard and Christine Hall, say such rules kept about five million people from voting last year, arguing these restrictions warrant strict scrutiny. They moved from California to Colorado and were unable to vote in both states, citing six month state residency, city county residency, and 15 day precinct rules.
The text notes the left hand of the Statue of Liberty holding a tablet inscribed with July 4 1778, which is a misdated reference to the Declaration of Independence.
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