News stories from Tuesday February 10, 1970

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

President Nixon, in his State of the Union message, pledged purification of the environment as the government's major effort of the 1970's. The President sent to Congress his proposal to clean up the air and water and to fight solid waste pollution and build better sewage plants. He also proposed stricter laws against polluters. But no one in the Nixon administration knows how much the entire project of saving America's environment may eventually cost. Part of the program calls for funds to help states and cities fight pollution. Recently, 13 air pollution inspectors and six businessmen in New York City were arrested in a bribery investigation.The U.S. and Soviet Union signed a two-year cultural exchange treaty which includes cooperation on environmental problems. [CBS] Thirty-nine people were killed in an avalanche in Val D'Isere, France. Rescue operations are being hampered due to bad weather. [CBS] At Munich, Germany, a bomb was thrown at passengers who were bound for an Israeli airliner. The apparent target was Moshe Dayan's son, who was not hurt. All four Arabs responsible for the incident were captured.Secretary of State William Rogers is in Tunisia, where thousands of students staged an anti-American demonstration charging the Nixon administration with pro-Israel policies. Rogers canceled his visit to a university. [CBS] The Democratic Policy Council urged the Senate to reject Judge G. Harrold Carswell's nomination to the Supreme Court. Council chairman Hubert Humphrey said that any Supreme Court nominee must be devoid of any record of racial bias, intolerance or discrimination. [CBS] Liberals applauded Abraham Ribicoff's charge of hypocrisy by the North on school desegregation, but few of them will support an amendment for uniform enforcement of the law. [CBS] Governor Albert Brewer of Alabama will seek another term. He may be opposed by George Wallace in the Democratic primary. [CBS] Senator Fred Harris introduced legislation that would guarantee a family of four an income of $3,800 a year, and said that President Nixon's guaranteed-income plan has led to greater poverty for some. [CBS] The Pentagon announced that because McDonnell-Douglas has agreed to hiring quotas for black workers, the contract to build F-15's will stand. [CBS] Four people pleaded guilty to committing fraud against the U.S. government; they got maximum prison sentences. The fraud consisted of $4 million in kickbacks and overcharges in Navy contracts. Francis Rosenbaum and Andrew Stone got 10 years, Evelyn Price and Robert Bergman were sentenced to five years. [CBS] Four letters from Jackie Onassis to former Dep. Secretary of Defense Roswell Gilpatric were withdrawn from an auction where they were expected to sell for $1,000 each. Auction dealer Charles Hamilton took the letters off the market when he was informed they had been stolen. [CBS] Newspaper publisher Eugene Pulliam stated that any agency established to censor the press would be dangerous. He also said that a recent report by the Commission on Violence was a definite and direct call for censorship. [CBS]

Stock Market Report

Dow Jones Industrial Average: 746.63 (-9.05, -1.20%)
S&P Composite: 86.10 (-0.91, -1.05%)
Arms Index: 1.79

	Issues	Volume*
Advances	469	2.18
Declines	829	6.91
Unchanged	249	1.02
Total Volume		10.11

* 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*
February 9, 1970	755.68	87.01	10.83
February 6, 1970	752.77	86.33	10.15
February 5, 1970	750.26	85.99	9.43
February 4, 1970	754.49	86.24	11.04
February 3, 1970	757.46	86.77	16.05
February 2, 1970	746.44	85.75	13.44
January 30, 1970	744.06	85.02	12.32
January 29, 1970	748.35	85.69	12.21
January 28, 1970	758.84	86.79	10.51
January 27, 1970	763.99	87.62	9.63