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Friday April 3, 1970
. . . where the 1970s live forever!

News stories from Friday April 3, 1970


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

  • President Nixon asked Congress for a 67% increase in first class postage to cover the Post Office pay raise. The 6% raise for other federal employees is covered by the budget surplus. American first class mail postage would increase from 6 to 10 cents per letter and other rates would also be raised. [CBS]
  • The air traffic controller and Teamster strikes are slowing U.S. traffic. Some truck drivers disapprove of their contract settlement, and many air controllers are still "sick". [CBS]
  • The hijacked Japanese plane reached North Korea with three crewmen and one Japanese government official as hostages. North Korea refused to immediately return the hostage or the plane. All passengers were released before the flight; they were exchanged for Japan's Vice-Minister of Transportation. [CBS]
  • Guatemalan kidnappers raised their demands to the release 24 political prisoners and $700,000 in exchange for releasing the West German ambassador. Guatemala refused the kidnappers' demands despite the fact that West Germany urged compliance. [CBS]
  • Communists shelled 60 bases in Vietnam, killing nearly 100 Americans. Laotian troops were accused of looting and vandalizing the U.S.-Laotian Sam Thong supply base after retaking it from the Communists. [CBS]
  • Cambodia reported that uprisings in support of ousted Prince Sihanouk have been squelched. Four hundred political prisoners were released today. Some of the prisoners had been jailed for 10 years; all of them pledged allegiance to the new government and received certificates of amnesty. [CBS]
  • Reverend Carl McIntire held a prayer meeting on the eve of his Washington pro-Vietnam war "Victory March"; he expects 100,000 people to attend tomorrow. [CBS]
  • A leader of the Young Republicans was found guilty of making a false statement to the IRS, and could get five years in prison. [CBS]
  • It was announced that British soldiers will now shoot to kill firebombers in Northern Ireland. In Belfast, British troops and Catholic rioters battled in the streets last night; firebombs were hurled. [CBS]
  • President Nixon signed a bill making oil spills a federal crime. The oil companies must pay cleanup costs. [CBS]
  • G. Harrold Carswell's recommittal vote will take place on Monday. A CBS poll shows 46 Senators for, 47 against and 7 undecided; the vote is 45 to 43 against confirmation of Carswell to the Supreme Court, with 12 Senators undecided. The Judiciary Committee will send Carswell's nomination back to the Senate if recommittal is approved. [CBS]
  • Manufacturing executive Andrew Stone was convicted of fraud and of shipping rocket launchers to a Belgian firm. He received 15 years in prison and a $10,000 fine. [CBS]
  • Two key documents relating to the Mary Jo Kopechne drowning case are missing; the secrecy of the case may be jeopardized. [CBS]


Stock Market Report

Dow Jones Industrial Average: 791.84 (-0.53, -0.07%)
S&P Composite: 89.39 (-0.40, -0.45%)
Arms Index: 1.39

IssuesVolume*
Advances5763.12
Declines7605.71
Unchanged2991.09
Total Volume9.92
* 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
DateDJIAS&PVolume*
April 2, 1970792.3789.7910.52
April 1, 1970792.0490.079.81
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


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