News stories from Monday March 16, 1970

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

Over the weekend, two mutineers used a phony bomb scare to force 24 crewmen off of the Columbia Eagle and hijacked the vessel to Cambodia. The two "pot-smoking hippies" were granted asylum in Cambodia. Some crewmen were rescued but 13 are still aboard the vessel. [CBS] The Cambodian government opened talks with Communists concerning the withdrawal of North Vietnamese and Viet Cong troops. 20,000 students sacked the Vietnamese section of Phnom Penh, protesting Vietnamese presence in their country. [CBS] U.S. officials in Saigon reported American bombing raids and losses in Laos. The White House now admits that 12 soldiers were killed during the seizure of a Communist radar base two years ago. [CBS] Senator William Fulbright infuriated the Nixon administration by revealing Secretary of State William Rogers' note saying that the U.S. won't send ground troops into Laos even if Communists overrun the country. The leak may give North Vietnam new courage for advance without fearing U.S. interference. [CBS] Twenty-two Americans were killed in a plane crash in Danang. American troop strength in Vietnam has decreased to 460,800. [CBS] The South Vietnamese National Assembly approved a move to give land to peasants at government expense. [CBS] The Supreme Court delayed the order for Charlotte to desegregate because the city needs time to buy buses. [CBS] The Senate debated G. Harrold Carswell's Supreme Court appointment. Carswell's record is subordinate to his general mediocrity. Senator Birch Bayh said that Carswell is mediocre, to which Senator Roman Hruska replied that even if Carswell is mediocre, mediocre people deserve a chance. Opponents hope to gain support during the two-week hearings. [CBS] Georgia Governor Lester Maddox will run for Lt. Governor this year's election. The Georgia constitution forbids two successive terms for a governor. [CBS] The widow of Mississippi civil rights leader Medgar Evers is running for Congress from California's 24th district. [CBS] The Bel Air, Maryland, trial of H. Rap Brown is being delayed for one week due to the dangerous atmosphere; Judge Harry Dyer expects Brown to appear in court. There will be no more postponements after this one. [CBS] The Coast Guard set up a 24-hour guard around New York's Ellis Island after an attempted takeover by Indians. New York City bomb scares continued; a World Trade Center building suffered an accidental propane gas explosion today. [CBS] Warrants were issued for two women seen fleeing last week's Greenwich Village apartment blast. Cathlyn Wilkerson and Kathy Boudin are being sought for participating in the 1969 Weathermen/SDS mob action. They and four others failed to appear in court; now they are also wanted for the recent New York City bombing. [CBS] The FBI reported that there has been an 11% increase in serious crime. [CBS] Dr. Larry Bear warned a Senate subcommittee against legalizing marijuana. Bear claims that marijuana leads to harder drugs. [CBS] An air pollution expert told Congress that 80% of autos are major air polluters and fail federal emission standards. Smog has cut the California orange crop in half. Senator Edmund Muskie says that automobile pollution control is not enough and Americans must sacrifice luxuries in order to save the environment. [CBS] San Francisco municipal officials and strikers reached a tentative agreement. [CBS]

Stock Market Report

Dow Jones Industrial Average: 765.05 (-7.06, -0.91%)
S&P Composite: 86.91 (-0.95, -1.08%)
Arms Index: 1.55

	Issues	Volume*
Advances	318	1.38
Declines	1,015	6.81
Unchanged	255	0.73
Total Volume		8.92

* 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*
March 13, 1970	772.11	87.86	9.56
March 12, 1970	776.47	88.33	9.14
March 11, 1970	778.12	88.69	9.18
March 10, 1970	779.70	88.75	9.45
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