Dow Jones slides toward possible yearly low at noon
Stocks drifted lower this afternoon with the Dow Jones Industrial Average at noon dropping to 803.8, a loss of 3.83 points as analysts warn of a potential new yearly bottom for the index.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 02, 1969
Page
2
Stocks drifted lower this afternoon with the Dow Jones Industrial Average at noon dropping to 803.8, a loss of 3.83 points as analysts warn of a potential new yearly bottom for the index.
President Nixon, with Attorney General Mitchell and Ehrlichman, visited FBI Director Hoover at his home marking a rare high level meeting. Hoover, head since 1924, showed no plan to retire despite his 75th birthday, as Nixon signals continued confidence to bolster anti crime efforts.
Nixon, the Senate GOP maverick, weighs reactions to Griffin's report on Haynsworth. Goodell calls the move bold while avoiding a pledge against withdrawal. White House comment remains unavailable as Griffin's Brookel letter generates varied reports on the President's possible stance.
The AFL-CIO opened its convention in Atlantic City with plans to expel the International Chemical Workers Union and raise annual dues by 4.6 million dollars for about 3 million members. Meany leads the 29-member executive council, which approved the actions amid internal debates and a push to discipline allied unions.
In New York a controversial Swedish film with implied sex scenes draws attention as a dancer performs nearby. Across town, debate erupts over jury guidelines amid reports that International Paper Sales Co and other producers push newsprint price hikes. The AFL-CIO faces a reshaped dues plan, with Meany labeling the AFL-CIO Teamsters alliance as hostile while labor groups consider a six cent to ten cent per member per month increase.
Robinson-Dixie Tag & Label Co. names Richard W. Dick southern regional sales manager covering the Carolinas Virginia and Georgia. Raymond Query becomes district manager for North and South Carolina. The HRM operates plants in Greensboro and Charlotte. Robbins Tilden North State Telephone Co. is named director emeritus of the N C Independent Telephone Assn. Tilden’s appointment follows the Pinehurst conference. the association includes 29 North Carolina telephone companies serving 900000 facilities.
Amid international protests and local tension in Asheville and Buncombe County, schools reopen as the United States proceeds with a one megaton nuclear test at Amchitka in the Aleutians. Observers and media teams monitor the blast while communities weigh earthquake and tidal wave fears against national security justifications.
Gloyd Vestal, a Greensboro florist, is indicted on first degree murder in the death of Pennisi. Police tracked Vestal after a boat tie in Lake Gaston and recovered the suspect’s car, with a medical examiner citing a blow to the head as the cause. Vestal was jailed with no bond as the case proceeds through the Guilford County system.
Washington report says Sen. Ribicoff’s subcommittee will hear Army investigators on alleged graft by top sergeants running noncommissioned officers clubs from Germany to Vietnam. At Ft Benning a group of sergeants allegedly skimmed club funds and used transfers to move between bases. Maj. Gen. William Cunningham, commander of the 24th Infantry in Germany, denies malfeasance and says actions were taken, though the probe continues with testimony on the thefts estimated at over $1 million in four years.
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