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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 27, 1969
Page
22
A morning to noon update shows the Dow Jones average down 4.62 to 57.64 with the AP 60-stock index at 998.8 as advances edge declines 611 to 533. Traders note subdued pace and a potential rebound as peace hopes temper Viet Nam war concerns and bolster hopes for economic gains.
AP reports afternoon prices across many tickers with mixed gains and losses. Listed are numerous stocks such as Admiral, AirRed, AlcanAlu, Chem Corp, CastleCke, and YorkEq showing varied last prices and percent changes amid a broad market scan.
The reader sees a table of stock averages compiled by The Associated Press for 1969 with figures for daily and month values, 1969 highs and lows, and a wide list of individual stocks with price and percentage changes. The data include Coca Cola, General Electric, IBM, and many others, reflecting market activity and performance through the year.
Unofficial earnings data and dividend rates are noted with footnotes a through fn detailing types like extra or stock dividends, liquidating payments, and ex-dividend statuses. The table covers declarations in 1968 and 1969 with references to new issues, reorganizations, and withholding implications.
The Dow Jones Industrial Average hovered near 857,444.62 as trading flowed through 20 stocks with varied gains and losses. Bonds and utilities showed mixed results while rail and industrial sectors advanced slightly reflecting cautious investor sentiment at noon.
Fire department officials in Rose Hill probe the cause after a Sunday blaze that destroyed Rose Hill Elementary School. A spokesman said the flames likely began in the boiler room and eight fire departments fought the fire, which was discovered about 8 a.m. Earlier, a prior school fire started in the principal’s office but records were saved both times.
North Carolina sees clearing and cooler air with rain or showers likely east tonight. Lows 38-48 mountains, 55-64 coast. Tuesday cooler with fair mountains and possible showers near coast Tuesday morning. South Carolina mostly cloudy tonight with colder air and coastal showers. Tuesday windy and much colder along the coast. Virginia partly cloudy and colder with a few snow flurries in the mountains. highs 50s inland. Georgia partly cloudy to cloudy, cooler with scattered showers coastal tonight. Tuesday fair to partly cloudy, highs 55-72. Five day outlook: temps below normal, mountains near 30 at night, coast around 40s, little rain except coastal and mountain showers.
Beir ut and major Lebanese cities relaxed as Arab leaders sought to ease the clash between the Lebanese army and Palestinian guerrillas. Tripoli remained under curfew while Beirut eased restrictions. Egypt Syria and Libya warned against antiguerilla actions as talks swirled about cease fire and mediation led by Hassan El Kholi. Guerrilla chiefs urged refugees to pursue a peaceful solution.
Greenville North Carolina is shuttered as all city schools remain closed to cool racial friction at Rose High School after fights between black and white students. Officials cited recent tension linked to the Rose High merge with Eppes High and homecoming events.
Industry leaders discussed ongoing promotion to sustain dealer sales for six months. Edmondson highlighted contemporary fabrics and color emphasis. Globe Furniture Co introduced color finishes and Mediterranean styling with a Savant French line. Powell described a commitment market with value driven pricing and functional designs including Ashbury wood and apartment sized pieces.
A campus inquiry and hearing committee process would hear disrupter cases. The chancellor appoints boards, which decide charges and punishment. Albright urged expanding convening authority and selection to faculty and student leaders and to let the hearing panel decide punishment as well. Faculty leaders from multiple campuses and NC State pressed for policy changes.
The American Trial Lawyers Association reports 73.29 percent of its 1204 surveyed members oppose Judge Clement Haynsworth’s U.S. Supreme Court nomination. The group urges President Nixon and Senators to withdraw, citing ethical conduct concerns. The White House dismisses the poll as invalid.
An advertisement touts Pastreeth dentures claiming longer wear, better comfort, and ease of eating. It emphasizes that there is no gummy or pasty sensation and encourages seeing a dentist and purchasing Pastreeth at drug counters.
SKOKIE Ill AP The nations largest MSG maker asks for nationwide radio and television air time to defend the product after FDA deputy commissioner warns of brain damage in infant mice fed large MSG doses Nelson C White president of International Minerals & Chemical says no danger to humans and cites FCC fairness rulings White notes company manufactures 80 percent of MSG used in the United States
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