News stories from Friday January 9, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Black Virgin Mountain near Cambodia has been the site of clashes between U.S. and North Vietnamese troops for the last two days. Communist gunners in the area shot down three U.S. helicopters. [CBS]
- The administration has worked out an arrangement under which 54 F-104 fighters will be delivered to Taiwan. Chiang Kai-shek wanted new Phantom jets, but the F-104's represent a compromise designed to appease Communist China. [CBS]
- Vice President Spiro Agnew was in Singapore, the eighth stop of his Asian tour. He told government leaders there that the U.S. might aid in defense of their nation after next year's British military withdrawal, but that no American troops would be involved. [CBS]
- Miners, friends and family attended a mass in Washington, Pa., for Joseph Yablonski. The FBI continued questioning friends and neighbors of the Yablonskis but haven't learned anything substantial yet. The Labor Department is drawing up plans for a full scale investigation of the recent United Mine Workers election. [CBS]
- The General Accounting Office reported that spot checks of military reserve units showed them neither trained nor equipped for quick mobilization. The report involved eight National Guard and two Army Reserve units. [CBS]
- France has agreed to sell Libya 50 jet fighters over a period of time. The arrangement relieves the concern of Washington that large immediate shipments delivered to Libya would be turned over to Egypt, which would affect the balance of power in the Arabs' confrontation with Israel. [CBS]
- Twenty of the 30 desegregated school districts in Mississippi have reopened. Many whites have left public schools for newly created private schools. [CBS]
- In Biloxi, Mississippi, a Senate committee ended a three day on-the-scene hearing regarding disaster relief for victims of Hurricane Camille. The Senators toured the coast and heard from storm victims. Two men complained about having difficulty obtaining a Small Business Administration loan and accused the S.B.A. of discriminating against blacks. [CBS]
- The "Chicago 7" conspiracy trial has dragged on for 15 weeks, with arguments over many irrelevant subjects. Today they argued over which bathroom the defendants may use. [CBS]
- Figures from the Labor Department showed that the national unemployment rate was unchanged last month at 3.4%. The unemployment rate for Negroes was down to 5.5%, the lowest since the Korean War. [CBS]
- President Nixon observed his 57th birthday. The oldest and newest members of his staff, Rose Mary Woods and Terrie Decker, presented him with a giant birthday card. The card is a copy of the Washington Star newspaper for the day he was born, January 9, 1913. Tonight the Nixons fly to Massachusetts, where Julie Eisenhower is cooking the President a birthday dinner. Before he left Washington, President Nixon ordered an investigation into the copper industry. [CBS]
- Air pollution is reportedly getting so bad that some scientists say we will run out of fresh air to breathe in 10-35 years. Lung and bronchial diseases have increased in smog-bound cities. In the Los Angeles area, people in the city were once the only ones bothered with smog, but that is no longer true. Smog has moved to one mile above sea level. Trees in a forest near Los Angeles are dying or are already dead. Forest ranger Jim Asher says that the pollution causes chemical changes which destroy chlorophyll and kill trees; it is the ozone in the smog that chokes the trees. Dr. Paul Miller called the forest a "disaster area". [CBS]
- From the Rockies eastward a bitter winter cold wave arrived today. Conditions were particularly bad in the South, where people are not accustomed to such severe weather. [CBS]
- A rescue flotilla is steaming toward a stormy part of the Pacific, southwest of San Francisco. The tanker "Connecticut" is without power with 41 people on board and 12 million gallons of jet fuel, but is not considered to be in immediate danger of sinking. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 798.11 (-3.96, -0.49%)
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 8, 1970 | 802.07 | 92.68 | 10.67 |
| 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 |