News stories from Thursday January 8, 1970

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

The inquest into Mary Jo Kopechne's death last July in Senator Edward Kennedy's car is concluded. The district attorney apparently hasn't decided about prosecuting the Senator. There was a promise that the court records of the inquest will be released after legal questions are resolved. Joseph Kopechne was not permitted to attend the inquest but denied a report that he is planning to sue the Senator. [CBS] A coroner's jury visited the scene where two Black Panthers were shot to death last month in Chicago. The jury spent time inside Fred Hampton's apartment getting an idea of the situation. Police Sgt. Daniel Groth, leader of the raiding party, has been on the stand for two days. Counsel for the Hampton family tried to show Groth as being hostile to Black Panthers. Panther leader Bobby Rush (despite not being sworn to tell the truth as a witness) described numerous times that the police harassed Fred Hampton. The inquest is scheduled to continue another week. [CBS] Civil rights leader Ralph Abernathy urged America to make a national holiday of next Thursday, the birthday of the late Martin Luther King. A dispute broke out as to whether whites should take part. In four major cities -- New York, Washington, Philadelphia and Berkeley -- public schools will be closed to honor King. [CBS] The Tennessee supreme court turned down an appeal for a new trial by James Earl Ray, the confessed killer of Martin Luther King. [CBS] The United Mine Workers is offering a $50,000 reward to help solve the murder of Joseph Yablonski, his wife and daughter. The union also requested a Labor Department investigation of the election which Yablonski lost to Tony Boyle. Yablonski's two sons feel that union politics were involved in their father's death; Boyle denies this. [CBS] The State Department announced that the United States and China have agreed to resume diplomatic talks. [CBS] Two more soldiers were accused in the My Lai case -- Charles Hutto of Louisiana and Gerald Smith of Chicago were charged with premeditated murder. [CBS] The latest Vietnam casualty report shows 65 Americans killed last week, 304 South Vietnamese dead and 1,999 enemy. At the peace talks in Paris the negotiating deadlock continued. [CBS] Israeli jets attacked targets in Egypt and Lebanon and got into a fight with Syrian MiGs. Lebanon's new military commander said that Palestinian guerrillas have agreed not to fire at Israeli targets from Lebanese territory. [CBS] The first Lunar Science Convention ended in Houston. Some of the findings were that lava pools have covered tremendous areas of the moon; the rocks that were seen by the scientists had been very hot at some time in the past.The launch of Apollo 13 has been postponed from March 12 to April 11 in order to provide more time to prepare for the next experiments on the moon. [CBS] The court order in Mississippi for desegregation has sent many children to private schools rather than integrate. Mississippi civil rights leader Charles Evers charged today that private schools are using public schools' equipment and supplies. [CBS] The 12-year-old daughter of Richard Oaks, the leader of a group of Indians who are squatting on the abandoned grounds of Alcatraz Island, died today. The Indians want the island for a native American cultural and educational center. [CBS] President Nixon announced tax increases on gasoline, cigarettes and whiskey. [CBS] U.S. Surgeon General Jesse Steinfeld said that national health insurance is a coming thing and government should get ready for it. [CBS]

Stock Market Report

Dow Jones Industrial Average: 802.07 (+0.26, +0.03%)
S&P Composite: 92.68 (+0.05, +0.05%)
Arms Index: 1.17

	Issues	Volume*
Advances	684	4.63
Declines	646	5.12
Unchanged	243	0.92
Total Volume		10.67

* 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*
January 7, 1970	801.81	92.63	10.01
January 6, 1970	803.66	92.82	11.46
January 5, 1970	811.31	93.46	11.49
January 2, 1970	809.20	93.00	8.06
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