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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 18, 1972
Page
2
The Dow Jones 30 rose 7.07 to 948.22 as gains led by airlines, tobaccos, chemicals, and electronics. A government report showing a $5.6 billion first quarter rise to $91.6 billion fueled optimism, while Vietnam War and Nixon Moscow trip kept some investors on the sidelines.
AP reports at noon the New York stock index showing mixed gains and losses across sectors. Industrial and utility shares fluctuate as benchmarks hover around varied levels with modest movements throughout trading hours.
A general alarm fire destroyed Dana Elementary School in Henderson County North Carolina with the center and two wings ruined. Firefighters from nine departments fought for over three hours with water shortages, drawing water from farm pumps and orchard ponds to control the blaze.
Wallace plans a stand-in campaign with Cornelia Wallace Hayden Burns and Lester Maddox joining to sustain momentum after the Maryland shooting. McGovern shifts to California and Oregon while Humphrey resumes in Rhode Island and New Jersey as Wallace’s team builds a substitute bid.
Doctors warn of possible permanent paralysis after Wallace's spinal injury from the assassination attempt. Exploratory surgery will determine damage extent, while Wallace remains determined to campaign in wheelchair if needed as security and hospital actions unfold.
Washington AP reports the Price Commission announced changes to rent guidelines affecting tenants with one year lease renewals and increases above 8 percent. Landlords must offer either a one year at 8 percent or a longer lease with the originally justified increase, starting July, with notices to tenants. The 8 percent cap is not automatic and applies only if fully justified. taxes and municipal charges may be added separately.
A critical note argues that progress stalls when individuals expect to gain benefits without shouldering duties. The piece targets those who rely on systems or communities while avoiding responsibilities, urging accountability and fair contribution from all participants.
The House Appropriations Committee approved a record 11.87 billion dollars for the Veterans Administration for fiscal year 1973, with a total 19.71 billion dollar appropriation bill sent to the House floor. The medical care allotment reached 2.6 billion and supports higher patient load and bed capacity.
Mankiewicz notes Bremer faces a disturbed personality, saying evidence is thin. Police found a car with a letter to Bremer from Rep Henry Reuss and a filled questionnaire from Reuss sent to district residents. The May 3 letter appears to acknowledge receipt of Bremer’s reply.
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