News stories from Tuesday March 10, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- An automobile explosion in Bel Air, Maryland, killed two blacks. One was a friend of H. Rap Brown, who is currently on trial there; the other has not been identified. Either a bomb was thrown at the car, or a bomb being transported accidentally went off. Local authorities support the accident view. [CBS]
- A Lamar, South Carolina, school reopened after previous racial trouble there. Three hundred National Guardsmen and South Carolina police supervised the school opening. The total enrollment is 1,000 but only 52 black and 24 white students attended today. Police kept whites from marching on the school; one arrest was made. [CBS]
- The Voting Rights bill forbidding literacy tests in seven southern states was extended to include six states outside the South. [CBS]
- Mississippi Governor John Bell Williams refused $4 million in federal aid for poverty programs, saying that they discriminated against whites. Welfare Secretary Robert Finch urged more white enrollment in Head Start classes. [CBS]
- Facing a credibility problem regarding his positions on subjects such as Laos and busing, President Nixon is expected to issue a desegregation statement in an attempt to clarify his position on that issue. Cloudy semantics are causing Americans to lose faith in the administration. [CBS]
- A road is being built by Chinese Communists in northern Laos. The Laotian government forbids bombing or fighting within three miles of the road, which is being built under a 1962 Chinese-Laotian agreement. [CBS]
- The Army filed charges against company commander Ernest Medina and four others in connection with the 1968 My Lai massacre. [CBS]
- The Pentagon told Congress that MIRV deployment is ahead of schedule; MIRVs are ballistic missiles with three warheads each. The administration says that the missiles are necessary for national security and will strengthen the U.S. position in arms limitation talks with the Soviet Union. [CBS]
- Only American ships can engage in coastal trading, but an special exemption was made for a Liberian ship owned by a company formerly headed by White House aide Peter Flanigan. The Treasury Department has now canceled that exemption. [CBS]
- A second attempt at dousing the Gulf of Mexico oil fire was successful. The Chevron company is trying to contain an oil slick which is endangering three wildlife preserves and oyster seed beds. [CBS]
- President Nixon is limiting the amount of oil that the U.S. imports from Canada. Canadian oil is cheaper and would compete with U.S. companies. [CBS]
- Italy, the Netherlands and the United States closed their consulates in Rhodesia, supporting Britain in refusing to recognize Rhodesian independence. [CBS]
- Two East Germans committed suicide after attempting to hijack a jetliner to Leipzig. [CBS]
- 21-year-old British model Twiggy is becoming an actress. [CBS]
- The British "Isle of Dogs" declared its independence from London, with the Isle government accusing London of economic and social neglect. [CBS]
- NBC president Julian Goodman accused President Nixon of launching the worst attack against the free press in 172 years and called for a counterattack by newsmen to expose government opposition to the free flow of news. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 779.70 (+1.39, +0.18%)
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* |
| March 9, 1970 | 778.31 | 88.51 | 9.76 |
| March 6, 1970 | 784.12 | 89.44 | 10.98 |
| March 5, 1970 | 787.55 | 90.00 | 11.37 |
| March 4, 1970 | 788.15 | 90.04 | 11.85 |
| March 3, 1970 | 787.42 | 90.23 | 11.70 |
| March 2, 1970 | 780.23 | 89.71 | 12.27 |
| February 27, 1970 | 777.59 | 89.50 | 12.89 |
| February 26, 1970 | 764.45 | 88.90 | 11.54 |
| February 25, 1970 | 768.28 | 89.35 | 13.21 |
| February 24, 1970 | 754.42 | 87.99 | 10.81 |