News stories from Thursday February 19, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Reports say that the conviction of five defendants in the Chicago conspiracy case is the result of a compromise, as three jurors held out for acquittal. Juror Ruth Peterson says there was no deal; most jurors felt the seven defendants were guilty, but they did compromise with the three holdouts. Peterson stated that the defendants got what they deserved. [CBS]
- A drive to stop busing to desegregate schools gained momentum today when the House and Senate adopted bans on it. Parents came to the White House with an anti-busing petition. [CBS]
- Treasury Secretary David Kennedy says that the effect of anti-inflation measures should be felt by the end of the year. The AFL-CIO announced that it must demand a large wage increase in negotiations, in order to fight the effects of inflation. [CBS]
- President Nixon honored artist Andrew Wyeth at a White House dinner tonight. [CBS]
- The White House has decided to remove guards' dress hats and return to the old style uniforms. The new uniforms prompted mail and comments, mostly critical; the police don't like them either. The new design was President Nixon's idea, which he got during his European tour.
Designer Jim Muscatelo said he tried to make something "different" that would look nice at the White House; clothing designer Bill Blass stated that he has seen better uniforms on doormen. President Nixon has now reconsidered and guards will use their old police uniforms, wearing white ones only for special occasions, and the hats are gone.
[CBS] - Republican party chairman Rogers Morton expects Vice President Agnew to carry the burden of administration campaigning this year; President Nixon is doing very little. [CBS]
- Arthur Godfrey's dispute with Axion detergent is over. He will be permitted to say that Axion is a water pollutant (as all detergents are) in his commercials, but he will also state that Axion is trying to do something about it. [CBS]
- Conservationist Russell Train stated that cleaning up the air, water and land is a more complex job than landing men on the moon, therefore higher taxes and prices are necessary. [CBS]
- Ninety-six Americans died last week in Vietnam. At the Paris Peace Talks, North Vietnam called for freeing the "Chicago 7." [CBS]
- President Georges Pompidou of France announced a visit to the United States next month. [CBS]
- In response to recent bombings, San Francisco police have turned their stations into fortresses with fencing and floodlights. [CBS]
- Detroit pitcher Denny McLain was suspended by baseball Commissioner Bowie Kuhn for bookmaking. [CBS]
- Prince Charles will join the Royal Navy next year as an officer. [CBS]
- Willie Sutton, after spending much of his life in prison for bank robberies, has applied for welfare benefits. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 757.92 (+1.12, +0.15%)
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 18, 1970 | 756.80 | 87.44 | 11.95 |
| February 17, 1970 | 747.43 | 86.37 | 10.14 |
| February 16, 1970 | 753.70 | 86.47 | 9.78 |
| February 13, 1970 | 753.30 | 86.54 | 11.06 |
| February 12, 1970 | 755.61 | 86.73 | 10.01 |
| February 11, 1970 | 757.33 | 86.94 | 12.26 |
| February 10, 1970 | 746.63 | 86.10 | 10.11 |
| 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 |