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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 20, 1969
Page
2
American AP briefs note a cautious session as major indexes waver amid mixed earnings. Traders weigh inflation signals, Federal policy expectations, and corporate results shaping a restrained close. Investors seek clarity on guidance while sectors diverge in performance.
Greensbor o AP reporting on the stock market's down drift as investors take profits after recent advances. The Dow Jones industrial average edged lower amid ongoing consolidation, with conglomerates and electronics shares soft while Newmont and other industrials fluctuated. Investors watched dividend actions and ex dividend dates as trading remained active though mostly lower.
Turbulent midday trading on Wall Street shows limited movement with industrial and financial sectors fluctuating. Analysts cite uneven demand and external factors shaping the solvent index as transportation and utility shares drift.
Police say they acted in self defense after pupils were attacked with rocks and umbrellas. George Simkins of the local NAACP protests excessive force and calls on Mayor Elam to order an end to police harassment as residents face mild to warm forecasts across the region.
The article traces Douglas Ings and the 31,201 shares held by a foundation that sold 21,791 shares in early March, leaving 9,500 unaccounted. Parvin, a Los Angeles executive, organized the foundation in 1960 after lectures on communism, funding fellowships for foreign students at Princeton and UCLA to train future leaders in democratic institutions. IRS records show Douglas earned about 12,000 dollars annually in the 1960s, with modest increases later. Parvin sold his stake when Parvin-Dohrmann Co. was acquired by Delbert W. Coleman. Baseball commissioner Bowie Kuhn pledged an investigation into Braves and Athletics ownership holdings.
Charlotte Mecklenburg School Board will not include busing pupils or breaking neighborhood schools in its desegregation plan due to a federal court deadline. If rejected, the plan could go to the Richmond appeals court and possibly the U.S. Supreme Court. The board also pledged not to force teachers to work in racially lopsided schools.
Senator Ralph Scott says the gasoline tax proposal faces uncertain odds as hearings begin. Lawmakers aim to add about 100 million dollars to the highway fund, with House leaders expecting a 3.6 billion dollar plan in the first week of July. The schedule hinges on committee work and potential fall action.
The Defense Department identified five more North Carolinians killed in action in Vietnam. They were Sgt. James T. Cohel of Asheboro, Spec. 4 David Schachner of Charlotte, Spec. 4 Earnest Freeman of Morganton, Pfc. William L. Lutz of Whitney near Lenoir, and Pfc. Thomas W. Davis of Garner near Raleigh.
The Army canceled the Lockheed helicopter project on grounds the Cheyenne gunship failed to meet original specs. Pentagon action follows a crash in March at Van Nuys and signals a tougher stance against defense contractors on multibillion dollar weapons programs.
Fragmentary text describes preservation terms for valuable documents and art. Mentions negative and positive imaging, permatization, black and white stars, color paintings, drawings, and transparencies. Notes size limits and handling of bound materials and miscellaneous items.
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