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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Oct 25, 1979
Page
2
President Carter accepts first sheet of Christmas Seals from Charles Schulz and young artists. Seals feature artwork from children in all states and U S territories. Carter praises Schulz and notes his long time fandom.
British officials impounded Adnan Khashoggi's $8 million DC-9 jet at Heathrow at his ex wife Soraya Khashoggi's insistence. She seeks back rent of $215,000 and $200,000 in repairs, suing in Los Angeles for half of his reputed $5 billion fortune. Leasing firms claim ownership, complicating the seizure.
Exiled former Italian monarch Umberto II, aged 75, says he is tired of exile and wishes to return home from Cascais Portugal after 33 years. The Italian constitution bars his return, though he would go as a private citizen and would not abdicate, arguing a king’s duty is to abdicate for another king, not a republic.
Rock star Graham Nash and Susan Richardson of Eight is Enough joined demonstrators Tuesday at a weapons exposition in Anaheim. Two Buddhist monks were arrested after refusing to stop banging drums outside the convention center. Expo producer Phillip Ullo defended the event as trade only with public access barred.
A historical recount of Black Thursday October 1929 in New York as fear drives massive selloffs. Bankers from J P Morgan & Co and others pool resources to stabilize trading after sharp losses. Richard Whitney leads bids, early gains fade, then recover as prices firm. The piece notes the subsequent crash five days later with 16.4 million shares traded.
Subscription rates for home delivery in Roswell are listed with options for 1 month 3 months 6 months and 1 year. The paper notes independent contractor delivery and that advance payments beyond 60 days are not the paper's responsibility unless paid to the paper.
Stocks moved higher early Thursday as investors found many issues selling at bargain prices after a recent plunge. The Dow Jones average rose about four points to 812.71 by noon, with 771 advances to 371 declines among 1,551 NYSE issues. Volume was light at roughly 10 million shares.
The National Education Association of New Mexico kicks off its convention urging a mid-year 5 percent salary increase for teachers to keep pace with inflation. Ray Miller says the 7 percent raise in 1979 was insufficient and requests a 5 percent boost plus higher public education funding. about 4,000 teachers attend the session through Friday.
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