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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
May 31, 1979
Page
3
New York AP reports a broad debate as June begins with no clear path for stocks. Some large investors foresee a market fall while others project peaks twice the recent Dow. pension funds and insurers reduce stock exposure amid a cautious climate. A.G. Becker notes only 22 of 100 funds matched the S P 500 since 1964.
An advisory committee postponed a decision on permitting Jacques Cousteau to film the U S S Monitor wreck off Cape Hatteras for three days in early June. Debate focused on editorial control over the script and how the film would be presented to the public.
President Carter grants 17 states authority to regulate gas sales and station hours to ease shortages. Governors vary in intent with some warning they see no teeth to enforce the rules, while others plan to act only in emergencies. The order runs to September 30 unless extended and does not permit closing stations to curb driving.
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