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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 08, 1969
Page
2
The October 8 1969 AP Business item by Jack Lefler covers stock market activity with emphasis on American shares and trading dynamics. It notes daily movements, notable gainers and losers, and brief corporate snapshots typical of a financial wire summary.
The Dow industrials slipped further at noon with major issues like Allos Corp and East Kodak posting declines while the broader market showed mixed activity. Financials and industrials led losses as traders awaited clearer guidance amid shifting tones on the investment outlook.
The forecast notes daytime highs in the 70s with mountain readings in the 60s and a slight temperature drop next week. Precipitation totals reach half an inch or more mainly as rain or showers east of the state. In Chicago, General Turner, a retired gun dealer who advised the Army chief during a riot, faced questions from senators about gun deals while noting amended tax returns showing unreported gun sales.
Senator Bayh accuses Judge Haynsworth of conflict of interest for owning Grace stock while ruling in a case involving Graceline. The dispute centers on 300 shares held from a 18 million stake amid a seaman injury suit and $80 verdict upheld on appeal. Hollings notes disqualification rules apply.
The hearing questioned former Justice ADE nominee Turner over missing tax records, substantial interest claims by Hollings, and unaccounted firearms from three shipments. Turner said he lost records, handled about 500 guns, and could not confirm sale or destruction details without them.
AP dispatch reports Beijing nervous over implied Soviet threats as talks loom. Rumors of Moscow pressuring for action clash with China’s stated nonaggression stance. Ambiguity surrounds border tensions and possible preemptive measures amid a fragile stability effort.
The Edgartown inquest into Senator Kennedy's television remarks drew intensified press attention and questions about privacy and public access. Court officials weighed arguments by Hanify and Hurley on the role of media, witnesses, and potential bias as coverage surged after Kennedy's July speech.
Talks in New York consider combining Powell Kistler & Co of Fayetteville R. S. Dickson & Co. of Charlotte and H. Crawford Co. Inc. of Columbia to form a major publicly held investment banking firm. Dickson would spin off to Ruddick shareholders and merge with the others. Powell Kistler runs offices in High Point and other NC and VA cities.
Washington AP reports the Pentagon signed a 60000 contract with the University of Mississippi to study using birds in dangerous war roles such as aerial photography, gunnery, missile guidance, and search missions. Prior trials like Project X-Ray with bats failed. researchers caution about feasibility and safety.
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