News stories from Wednesday January 14, 1970

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

Nigeria claims to be meeting most of the relief needs of the former rebels. Nigeria has accepted food and medicine from the Red Cross for Biafrans, but it also rejected help from many relief agencies and permanently rejected any assistance from countries or religious relief agencies that had any connections with Biafra. [CBS] The birth control pill came onto the market 10 years ago. Until today almost nine million women in America and 10 million elsewhere were taking the pill. A Senate committee is now beginning hearings to find out if the pill is safe. [CBS] President Nixon will not ask Congress for a tax increase in order to balance the budget; instead he plans to cut federal expenses. There will be cutbacks in space projects and the layoff of 50,000 workers associated with the space program. [CBS] Federal agents are investigating possible sabotage at the Rocky Flats, Colorado, atomic energy plant, the nation's only facility for processing plutonium for nuclear warheads. The process was halted by a $50 million fire there last May. The area is still too radioactive for a full investigation. [CBS] U.S. sources in Saigon said that American planes spotted a North Vietnamese supply convoy on the Ho Chi Minh trail and destroyed 21 of 35 trucks which were trying to infiltrate into South Vietnam. It was also announced that the Defense Department is investigating 31 present and former servicemen in connection with the My Lai incident. [CBS] Senator Eugene McCarthy completed his meetings with Communist and U.S. peace negotiators in Paris. [CBS] In the Peace Corps' worst single tragedy, three female volunteers were killed yesterday during their vacation in Kenya. [CBS] The Supreme Court is giving 14 Southern school districts two more weeks to end segregation. Chief Justice Warren Burger and Justice Potter Stewart stated that a lower court's ruling on the matter should not have been reversed without further hearings. [CBS] The new 747 jet passed a test toward official approval of regular passenger service. Mexicans have volunteered to help in the testing of the jet. [CBS] Harry MacGregor Woods, a composer of popular songs, was killed today when he was hit by a car in Arizona. Some of his works were "Side By Side", "I'm Looking Over a Four Leaf Clover", "When the Moon Comes Over the Mountain" and "When the Red, Red Robin Comes Bob, Bob, Bobbin' Along". [CBS]

Stock Market Report

Dow Jones Industrial Average: 787.16 (-0.85, -0.11%)
S&P Composite: 91.65 (-0.14, -0.15%)
Arms Index: 1.02

	Issues	Volume*
Advances	512	3.67
Declines	766	5.61
Unchanged	284	1.10
Total Volume		10.38

* 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 13, 1970	788.01	91.79	9.87
January 12, 1970	790.52	91.70	8.90
January 9, 1970	798.11	92.40	9.38
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