News stories from Tuesday November 17, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Soviet spacecraft Luna 17 launched a mobile vehicle on the moon to take tests and send television photos. Lunokhod 1 is the first of its kind; the mobile craft won't return to earth. [CBS]
- The Senate authorized $29 million for anti-drug abuse education, and committees are investigating the drug problem in the military. Marijuana and heroin are said to be rampant in Vietnam. [CBS]
- South Vietnam found a large cache of ammunition in Cambodia; 254 tons of Communist shells were seized. [CBS]
- At Fort Benning, Ga., the prosecution opened its case against Lt. William Calley. The prosecutor charged that Calley ordered Vietnamese civilians to be killed, and shot many of them himself. [CBS]
- Famine and cholera are sweeping East Pakistan after it was hit by a tidal wave and cyclone. [CBS]
- New Syrian leader Hafez al-Assad is pro-United Arab Republic. Syria may join a federation with the UAR, Libya and Sudan and enter United Nations peace talks. [CBS]
- The United Nations backed a U.S.-Soviet proposal to ban nuclear weapons from the ocean floor. [CBS]
- The Federal Reserve Board reported that industrial production was down 2.3% last month. The United Auto Workers strike against General Motors was the major factor in the decline. [CBS]
- AT&T is seeking a 6% hike in telephone rates by January. [CBS]
- Republican Senator-elect Robert Taft, Jr. said that his election was not a victory for Republicans. [CBS]
- Rep. Richard Roudebush has asked for a recount in the Indiana Senate race; Roudebush narrowly trails Senator Vance Hartke. [CBS]
- General Motors showed a catalytic muffler device that filters out 75% of auto pollutants and stated that it can't do any better than that by 1975. Leaded gas pollutes the air; the new catalytic muffler device requires unleaded gas. Unleaded gas keeps the engine cleaner and pollutes less. [CBS]
- The Nixon administration is investigating the Boston school system for civil rights violations. [CBS]
- Archbishop Philip Hannan denied that the Catholic Church is hiding assets. [CBS]
- Dean Caldwell and Warren Harding are continuing their assault on El Capitan mountain in Yosemite National Park. Cold weather has hampered the climb, but the men should reach the peak tomorrow. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 760.47 (+0.34, +0.04%)
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* |
| November 16, 1970 | 760.13 | 83.24 | 9.16 |
| November 13, 1970 | 759.79 | 83.37 | 11.89 |
| November 12, 1970 | 768.00 | 84.15 | 12.52 |
| November 11, 1970 | 779.50 | 85.03 | 13.52 |
| November 10, 1970 | 777.38 | 84.79 | 12.03 |
| November 9, 1970 | 777.66 | 84.67 | 10.89 |
| November 6, 1970 | 771.97 | 84.22 | 9.97 |
| November 5, 1970 | 771.56 | 84.10 | 10.80 |
| November 4, 1970 | 770.81 | 84.39 | 12.18 |
| November 3, 1970 | 768.07 | 84.22 | 11.76 |