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Wednesday April 1, 1970
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News stories from Wednesday April 1, 1970


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

  • The most damaging Communist attacks in South Vietnam in five months saw over 100 bases and towns shelled and 40 Americans killed, including General William Bond. Bond is the fifth U.S. General to be killed in Vietnam. [CBS]
  • The Army charged Capt. Ernest Medina with 175 murders at the My Lai massacre in Vietnam in 1968. [CBS]
  • The new Cambodian government claims that the North Vietnamese overran a military outpost at Kratie. Government troops killed 30 civilians while suppressing pro-Sihanouk demonstrations. [CBS]
  • Laos rejected a Communist peace talk proposal; the government doesn't want U.S. bombing to be halted before talks begin. [CBS]
  • Teamster locals went on strike in 30 cities but no national walkout is expected. Negotiations center on pay raise demands. [CBS]
  • Airline flights were still being canceled or delayed as both the Professional Air Traffic Controllers union and government officials urged workers to return. In Chicago, half of the controllers are out and O'Hare Airport is closed. Officials there claim that the weather is the only cause for the closing. [CBS]
  • Three small Coachella Valley, California, grape growers signed union picker contracts providing more money and benefits, but big growers still haven't signed with a union. [CBS]
  • Atlanta's 16-day-old garbage strike continued. [CBS]
  • A hijacked Japanese airliner is still on the ground in Seoul, South Korea. North Korea has offered safe landing and return of the passengers. The hostages are hungry and tired after spending 40 hours on the plane. [CBS]
  • The Senate passed a $24.6 billion education bill which calls for the equal enforcement of school desegregation wherever segregation exists by law. [CBS]
  • The debate regarding G. Harrold Carswell's nomination to the Supreme Court continued. A CBS poll shows 39 Senators for and 41 against recommitting his nomination to the Judiciary Committee; 10 Senators are undecided. The number of Carswell supporters is increasing. [CBS]
  • Reverend Carl McIntire intends to lead a pro-Vietnam war march in Washington, DC, though he claims that the White House is trying to stop the march. [CBS]
  • Detroit pitcher Denny McLain was suspended until July 1 for making book on basketball games. [CBS]
  • The Agriculture Department reported that food prices have dropped. [CBS]


Stock Market Report

Dow Jones Industrial Average: 792.04 (+6.47, +0.82%)
S&P Composite: 90.07 (+0.44, +0.49%)
Arms Index: 0.84

IssuesVolume*
Advances7895.62
Declines5353.20
Unchanged2690.99
Total Volume9.81
* 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
DateDJIAS&PVolume*
March 31, 1970785.5789.638.37
March 30, 1970784.6589.639.60
March 26, 1970791.0589.9211.35
March 25, 1970790.1389.7717.50
March 24, 1970773.7687.988.84
March 23, 1970763.6086.997.33
March 20, 1970763.6687.067.91
March 19, 1970764.9887.428.93
March 18, 1970767.9587.549.79
March 17, 1970767.4287.299.09


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