News stories from Wednesday April 8, 1970

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

Judge G. Harrold Carswell's confirmation to the Supreme Court was defeated by a vote of 51-45. Republican Senator Marlow Cook was the key vote; Cook wants a better-qualified conservative on the Court. President Nixon is the first 20th century president to have two Supreme Court nominees rejected by the Senate. A new nomination may be long delayed, and the Supreme Court seat has already been vacant for 11 months.The rejection of Carswell's nomination to the Supreme Court is a severe blow to President Nixon and Attorney General John Mitchell. But Carswell's defeat helps Democrat Senator Birch Bayh, making him a national figure and a potential 1972 presidential or vice presidential candidate; Bayh's record is superlative. [CBS] If Apollo 13 is delayed, its launch will be on May 9. The astronauts' exposure to German measles could cause a postponement that would cost half a million dollars. The final decision regarding the launch comes Friday. [CBS] The Green Beret commander at the Dak Seang base says that the crisis there is over. South Vietnamese reinforcements have arrived but the situation is still tense. [CBS] The Vietnam war has spread into Cambodia, where Cambodian troops are now fighting Communists. Two American reporters have been captured. [CBS] The U.S. munitions ship "Columbia Eagle" left Sihanoukville for an American base. It had been hijacked by two Vietnam war protesters 25 days ago; the mutineers were granted political asylum in Cambodia. [CBS] Premier Souvanna Phouma is asking for a halt in U.S. bombing in response to the Laotian Communists' peace talk demands. [CBS] In Osaka, Japan, explosions resulting from a gas leak killed 88 people and destroyed homes and buildings; an investigation is underway. [CBS] Falling ice on Mt. Everest killed six persons who were attempting to scale the peak. [CBS] The Egyptian government stated that Israeli planes killed 31 at a school near Cairo. Israeli Defense Minister Moshe Dayan replied that it's irresponsible to build schools near military bases. [CBS] Florida Governor Claude Kirk re-suspended school desegregation in Manatee County and was ordered to appear in court again. [CBS] The Massachusetts Supreme Court impounded the results of Mary Jo Kopechne's coroners' inquest. [CBS] Josef Stalin's daughter married William Peters in a Quaker ceremony in Phoenix, Arizona. Peters is an architect. [CBS] Ralph Nader is accusing the FDA of yielding to the food industry. Nader claims that only insubstantial food additives are being regulated. [CBS] Congress approved President Nixon's forced railroad settlement even though union leaders have warned of possible wildcat strikes. Teamster strikes ended in four cities but some wildcat work stoppages continued. The FAA reported that air traffic is back to normal, but flights are still curtailed. [CBS] The Senate approved the 6% Post Office pay raise. [CBS]

Stock Market Report

Dow Jones Industrial Average: 791.64 (0.00, 0.00%)
S&P Composite: 88.49 (-0.03, -0.03%)
Arms Index: 1.08

	Issues	Volume*
Advances	496	2.98
Declines	776	5.02
Unchanged	300	1.07
Total Volume		9.07

* 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 7, 1970	791.64	88.52	8.49
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