News stories from Tuesday April 7, 1970

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

The outcome of G. Harrold Carswell's confirmation vote as Supreme Court Justice is now seen as a toss-up; a tie vote in the Senate is possible tomorrow. [CBS] The Edgartown, Massachusetts, district attorney suddenly closed the Mary Jo Kopechne drowning case on the second day of the investigation. Testimony reportedly revealed no new evidence warranting the prosecution of Senator Edward Kennedy, just minor contradictions in facts. Kennedy says he is glad the case is ending, and he will run for re-election to the Senate in 1972. [CBS] The House approved the $25 billion education bill. Welfare Secretary Robert Finch said that the Nixon administration will double its desegregation efforts this fall. [CBS] Florida Governor Claude Kirk stated that he blocked desegregation in Manatee County schools in order to force a court ruling on busing. Kirk's contempt hearing is postponed till Friday and busing will proceed. [CBS] The bombing conspiracy trial of 13 Black Panthers was postponed six weeks ago because of their courtroom misconduct; the trial resumed today in New York City. [CBS] Michigan Senator Philip Hart's wife was convicted of violating federal regulations for participating in the antiwar protest at the Penatgon where 186 people were arrested. [CBS] The House issued a report stating that marijuana is an $850 million a year business and claiming that the drug was used by six million Americans last year. The report recommends a maximum one-week jail sentence for possession. [CBS] North Vietnam intensified its assault on the U.S. Green Beret base at Dak Seang, where Americans are outnumbered 3 to 1. General Creighton Abrams called the battle one of the most important of the war. Other fighting in Vietnam and Cambodia was heavy today. [CBS] Disabled South Vietnamese veterans protested in Saigon. They demanded better housing and pensions and also want an audience with President Nguyen Van Thieu. The veterans fought with the police; there were injuries on both sides. The demonstration reflects South Vietnam's political instability. [CBS] It turns out that the Apollo 13 astronauts are immune to German measles, to which they had been exposed; the launch countdown is on schedule. [CBS] The Senate Post Office Committee approved a 6% civil service pay increase. The House Commerce Committee approved the Nixon-imposed railroad settlement although a railroad union leader warned that wildcat strikes may result; Teamster wildcat strikes have in fact spread. A psychiatrist testified that 50-60% of air traffic controllers need psychiatric care. [CBS] In Long Island, New York, 2,000 people picketed the International Auto Show as a symbol of "technological destruction". [CBS] Protests in Hilton Head, South Carolina, have caused a German firm to delay for one year its plans to construct a chemical plant there. [CBS]

Stock Market Report

Dow Jones Industrial Average: 791.64 (+0.46, +0.06%)
S&P Composite: 88.52 (-0.24, -0.27%)
Arms Index: 1.20

	Issues	Volume*
Advances	537	2.75
Declines	764	4.71
Unchanged	297	1.03
Total Volume		8.49

* 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*
April 6, 1970	791.18	88.76	8.38
April 3, 1970	791.84	89.39	9.92
April 2, 1970	792.37	89.79	10.52
April 1, 1970	792.04	90.07	9.81
March 31, 1970	785.57	89.63	8.37
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