News stories from Friday January 2, 1970

Summaries of the stories the major media outlets considered to be of particular importance on this date:

Vice President Agnew flew to Taiwan for meetings with Chiang Kai-shek's regime. [CBS] Saigon reported that enemy troops committed 115 violations during the last 24 hours of the New Year's truce; 167 North Vietnamese and Viet Cong were killed during that period compared with 6 Americans and 18 South Vietnamese. [CBS] Prosecutors of Lt. William Calley left for Vietnam to make their investigation of My Lai. Calley is charged with having murdered more than 100 villagers there in 1968. [CBS] Ten men were arrested in Michigan and Nevada on federal gambling charges. Government sources in Detroit say they have uncovered a national scheme involving well known sports figures and gamblers. Dizzy Dean was searched at his hotel in Las Vegas during the raids, but was not charged. [CBS] West Virginia prosecutor Joseph Laurita, who has cracked down on gambling while in office, was reported in fair condition after a bomb blew up that had been placed in his car. [CBS] The Department of Health, Education and Welfare has been accused of blacklisting some outside consultants for political reasons. Today the department answered the complaint, saying that in the future consultants will not need a security check prior to being appointed. Health, Education and Welfare undersecretary John Veneman stated that agency heads are not admitting that a blacklist ever existed and there is no evidence of blacklists; but if there is a blacklist, they are instructed to destroy it. [CBS] Sears Roebuck is cutting catalog prices in order to help fight inflation. [CBS] The New York City Transit Authority raised bus and subway costs. [CBS] FBI director J. Edgar Hoover blasted leftists and blamed Students For a Democratic Society for campus violence. He also charged the Black Panthers with making attacks on policemen. [CBS] Arrests for sex offenses in Denmark have declined 31% since the prohibition on pornography was lifted. [CBS] Five Brazilians hijacked a plane and are holding 29 captives in Uruguay while awaiting repairs to the plane. [CBS]

Stock Market Report

Dow Jones Industrial Average: 809.20 (+8.84, +1.10%)
S&P Composite: 93.00 (+0.94, +1.02%)
Arms Index: 0.74

	Issues	Volume*
Advances	1,143	6.21
Declines	296	1.19
Unchanged	150	0.66
Total Volume		8.06

* in millions of shares

Arms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish.

Market Index Trends
Date	DJIA	S&P	Volume*
December 31, 1969	800.36	92.06	19.38
December 30, 1969	794.68	91.60	15.80
December 29, 1969	792.37	91.25	12.51
December 26, 1969	797.65	91.89	6.75
December 24, 1969	794.15	91.18	11.67
December 23, 1969	783.79	90.23	13.89
December 22, 1969	785.97	90.58	12.68
December 19, 1969	789.86	91.38	15.42
December 18, 1969	783.79	90.61	15.95
December 17, 1969	769.93	89.20	12.84