News stories from Tuesday March 31, 1970

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

In the first-ever hijacking of a Japanese plane, 15 students commandeered a plane to North Korea. The hijackers are Red Army members who used bombs, swords and guns. Twenty-three passengers were released during a fuel stop but others are still aboard. Communist MiG fighters drove the hijacked plane away from North Korea, which then landed at Seoul, South Korea. [CBS] President Nixon will reportedly announce a schedule for American troop withdrawals from Vietnam in two weeks. Elsewhere in Indochina, Laotian forces recaptured the Sam Thong supply base from the Communists. [CBS] West Germany's ambassador to Guatemala was kidnapped. [CBS] The Supreme Court upheld banning defendants from courtrooms and binding and gagging unruly defendants. [CBS] The debate concerning Supreme Court nominee G. Harrold Carswell resumed in the Senate. Carswell gained three votes, but lost one. A CBS poll of Senators shows 38 for and 38 against recommittal of the nomination to the Judiciary Committee; seven are leaning for, four against. If recommittal fails, 42 Senators are for Carswell and 37 are against his confirmation; 12 Senators remain uncommitted. [CBS] A federal grand jury indicted Rep. John Dowdy for conspiracy, perjury and bribery for plotting to block the Justice Department's investigation of the Monarch Construction Company. Dowdy denies the charges. [CBS] The government made postal workers an offer, but New York City mailmen may strike again. The Teamster contract expires tonight but there is no immediate threat of a strike. [CBS] The Maryland legislature passed the nation's most liberal abortion bill, making abortion solely a doctor-patient issue. [CBS] Chevron Oil's Gulf of Mexico oil well leak has been plugged, but a grand jury is investigating Interior Secretary Walter Hickel's charges of widespread law violations by Chevron. [CBS] Earthquakes in Turkey killed 1,000 and have left 90,000 homeless; fire, not the quake itself, was responsible for many of the casualties. The city of Gediz is in ruins. [CBS] The State Department released a report on Americans who have been arrested in foreign countries for drug-related offenses. 142 Americans were in foreign jails on drug charges in 1969; there are 404 in 1970. Most are 16-30 years old. The report warns of severe penalties and the lack of U.S. influence in drug cases. [CBS] Army Lt. James Duffy's conviction was reduced from murder to involuntary manslaughter of a Vietnamese prisoner. Duffy was given 6 months in prison and a $1,500 fine. [CBS] The first American satellite, "Explorer 1", which was the oldest man-made object in space, has died after making 58,000 orbits. [CBS]

Stock Market Report

Dow Jones Industrial Average: 785.57 (+0.92, +0.12%)
S&P Composite: 89.63 (0.00, 0.00%)
Arms Index: 0.94

	Issues	Volume*
Advances	619	3.63
Declines	674	3.71
Unchanged	297	1.03
Total Volume		8.37

* 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 30, 1970	784.65	89.63	9.60
March 26, 1970	791.05	89.92	11.35
March 25, 1970	790.13	89.77	17.50
March 24, 1970	773.76	87.98	8.84
March 23, 1970	763.60	86.99	7.33
March 20, 1970	763.66	87.06	7.91
March 19, 1970	764.98	87.42	8.93
March 18, 1970	767.95	87.54	9.79
March 17, 1970	767.42	87.29	9.09
March 16, 1970	765.05	86.91	8.91