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22, 1970 12 Pages 10 Cents COJTP f.lB3A3y OF 3 33432 Indecisive Hurricane Dow Jones charts Data, tracking map Stocks page 9 BOCA RATON NEWS In Sunday's News Vol. 15, No. 119 Friday, May 22, 1970 12 pages 10 Cents Hfl CHANGE Nixon sees upturn, but. down 2.41% NEW YORK (UPI)—President Jones industrial average of 30 selected months more than half of the issues Exchange, he was confident of an Advances 2 30 Nixon said Thursday the economy blue chips plunge to its lowest leyel touched daily lows for the year, a upswing in the last half of the year and 67 Declines 1190 would turn upward later this year. since March 1, 1963. record for any given day. Declines his budget policies would then allow 65 Wall Street traders just can't wait. The DJ index dropped 11.30 to 665.25 overwhelmed advances 1,190 to 230. more credit and lower interest rates. 63 UPI MARKET INDICATOR They were unhappy about the compared to the figure of 659.72 According to Nixon's press secretary Analysts, however, were not too continuing downward movement of the reached more than seven years ago. the President told Bernard Lasker, optimistic about what they called a market which again saw the Dow In the heaviest trading in two chairman of the New York Stock crisis of confidence. Market shows little NEW YORK STOCK EXCHANGE Hfl CKANGt down 0.36 indication of rebound 18 AMERICAN STOCK EXCHANGE From News wire reports Trading was moderate and analysts APR. said the demand was restrained by j L NEW YORK — The stock market normal pre-weekend caution and a Where did was firmer Friday, but below earlier generally pessimistic news DOWN — All the indicators of closing prices for the month are steadily levels, with little indication of a major background. down. The top UPI indicator is based on net percentage change of all New trend either way despite President York Stock Exchange listings. NYSE index is based on total capitalization Nixon's confident statements of The Dow Jones average bounced all that of common shares. ASE shows net change of stocks and warrants. Thursday. around during the morning trading hours, going more than four up during the first hour but falling off later, then regaining. The UPI market indicator water go? Drive to oust Early showed a slight gain at noon. YOUR DAY ByJIMRIFENBURG News Staff Writer 197O MAY 197O Prices were higher in moderate turnover on the American Stock Ex- South Floridians today were scan- S M T W T by petitioning Kirk ning the skies with more than casual 1 change, with advances in front of 2 declines by 374 to 281. interest. 3 4 5 6 7 8 9 First they were wondering if the 10 11 12 13 14 15 16 Among the most active Amex issues season's first hurricane would bring 17 18 19 20 21 23 aims at 50,< names were Canadian Homestead Oils her high winds of destruction. Second, 24 25 26 27 28 29 30 fractionally higher on more than they were hoping that no matter what 31 140,000 shares, Systems Engineering happened, we would at least get some The leader of a petition campaign to much-needed rain. boot Palm Beach school Supt. Lloyd about unchanged on 30,000 shares, and Early said Friday that he didn't know Milgo Electronic Corp. slightly higher For newcomers, there seems to be a Alma's no how many names were already on. on 22,000 shares. contradiction. In an area where only a few weeks But he is still aiming at 50,000 to A report by the National Industrial ago many people were genuinely demonstrate to Gov. Claude Kirk the Conference Board that the nation's concerned with a "deer crisis" depth of anti-Early sentiment. problem 1,000 biggest manufacturers cut because of too much rain, many of the Early, with 2% more years to go in aggregate capital appropriations for same people are now worried because his term, can be removed only by Kirk, the first quarter appeared to have little of the lack of it. and the governor has let it be known impact on Wall Street. The NICB Now they read front page stories that he won't act without an over- for now findings were regarded as a sign that with such headlines as "The Drought whelming "grass-roots" expression of inflationary pressures may be easing. Goes On." 0 Alma, a former hurricane now sentiment. a tropical storm, shouldn't bother On the Big Board, heavily traded They wonder where the water went. Thus, the petitioning effort was South Florida has been noted as a your weekend. She's ambling. started oountywida by Leo Sehwack of stocks included Telex Corp. off Vi, north toward the Cuban coast, Perm Central down 7/s, American land of either "feast or famine" ever West Palm Beach and Ray Hatton of since early explorers first set foot with lots of rain and top winds of Pahokee. Telephone Vi lower, Ancorp. National 60 mph. But little activity is Services V* lower, and Occidental upon the area's palm-studded land. Local groups and individuals, in- Supt. Lloyd Early Although the extended dry spell has expected for a few days. cluding Boca Raton residents, are Petroleum up Vs. Just keep advised. And go ... petition target left sunburned lawns, dusty fields and being recruited for the drive. Sehwack Honeywell and IBM were up several drying ponds, there still has not been ahead and plan the weekend. said he needed time to contact the local points in less active turnover, while any severe damage to the rich groups to get an idea how many has had staff people studying it. Kirk's motors and steels generally tacked on HIGH AND DRY — A guage agricultural lands or a lack of water in signatures had been secured in the problem, however, is complicated by designed to measure water level at the municipal water systems. The Pick up a drive's opening days. Republican politics and the risk of any fractions. ouster on his part being opposed by the Oils and chemicals were narrowly Loxahatehee isn't even touched by the Under Florida law, there is no recall Palm Beach legislative delegation. mixed, as were airlines and aircrafts. water at the impoundment. See WHERE, P. 12, C. 5 used bike procedure for the voters except through petition to the governor. Tired of walking? The kids There is also a move to get support Here's what it does. pestering you for rides here and for a referendum instructing the there all the time? Here's your county commissioners to hire the chance to get out of your rut. school superintendent rather than Tomorrow morning at 10 o'clock, have one elected. Social Security benefits, taxes up mosey on over to the rear of the Such action failed four years ago, police station on NW Second Ave. and vote now would not affect Early, WASHINGTON (UPI) —The House plan faces an uncertain fate. The police have 35 bicycles and only his successor. has approved a 5 per cent increase in The higher benefits would start next one tricycle to auction off to the The petition effort, Sehwack said, Social Security benefits for 26.2 million Jan. 1. A single retired worker now for retirees highest bidder. The terms are needs at least 10,000 signatures elderly Americans and higher payroll receiving $101.70 would go to $106.80. A cash only. because that was the number of votes taxes for the nation's wage earners. man and wife receiving $152.60 would Early got when he ran unopposed for It also approved a revolutionary get $160.20. And a widow with two —Increases benefits 5 per cent in January the job. plan to automatically fatten benefit children receiving $202.40 would go to —Allows $2,000 income without loss of benefits Quick facts There are 160,000 voters in the checks, and hike taxes, when the cost $2; 8.50. —Installs a 3 per cent cost-of-living increase by county, Sehwack said, and 10,000, he of living goes up. The payroll tax on both employes 1973. Weather: Fair and warm insists, is less than a mandate. The bill now goes to the Senate, and employers would be extended to —Equalizes early retirement benefits for men and through Saturday, no rain Kirk has in hand a report on the where the benefit increase has strong cover the first $9,000 earned during women. probability. High yesterday Palm Beach situation in general, and support, but where the cost of living each year, compared with the was 83, low this morning 74. president $7,800. A person earning Noon today 85. Low tonight 75, 30-day repair $9,000 or more would pay a total of $468 to taxpayers high tomorrow 85. during the year, instead of the present Boating: Seas 5-8 feet, inland $374.40. waters choppy to rough. In addition, retirees could earn —Payroll tax would be applied to first $9,000. Small craft condition 1 in fights closing of $2,000 instead of the present $1,680 —Maximum F.I.C.A. payments up from $374 to effect. Winds east at 15-20 during a single year before their mph. Friday's tides, high: benefits would be reduced. $468. 9:45aan. and 10:33 p.m.; low: Approval for the surprise cost of —Further increase likely under cost-of-living plan. 3:22 ajn. and 3:28 p.m. Camino Real bridge living feature came on a 233 to 144 vote.
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