News stories from Monday April 13, 1970

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

President Nixon and the military are in disagreement regarding Vietnam troop withdrawals in the near future. Nixon has discussed his upcoming withdrawal statement with military leaders. Defense Secretary Melvin Laird wants more troops out faster; military leaders want the reduction to be delayed. Between 50,000 and 60,000 more troops are expected to be withdrawn soon. There are presently 429,000 Americans in Vietnam. [CBS] Four enemy rockets hit Saigon, killing four people. The recent Communist offensive is being concentrated on Special Forces camps. Over 1,000 Communists have been killed during the attacks since April 1, but the enemy is regrouping. Cambodia expects a Communist attack on Svay Rieng; 5,000 enemy soldiers are in the area. [CBS] The Pentagon reported that a Soviet nuclear attack submarine apparently sunk off the coast of Spain. [CBS] Greek composer Mikis Theodorakis was released from prison; he was jailed in 1967 for left-wing activities. He has tuberculosis and is now permitted to go into exile in Paris. [CBS] The Apollo 13 flight has been nearly perfect so far. The lunar module's helium content may be too high, but not to a significant degree. [CBS] Supreme Court Justice William O. Douglas' book "Points of Rebellion" is being cited as grounds for his impeachment; the book condones violent social change. House Republican leader Gerald Ford says that Evergreen magazine was "disreputable" for publishing Douglas' book. Ford will present a list of charges to the House, and an investigating committee has been appointed. Ford believes that the impeachment of Douglas is justified. [CBS] Senator Margaret Chase Smith accused presidential aide Bryce Harlow of falsely reporting her vote as being in favor of confirming G. Harrold Carswell in order to increase Carswell's support; she is demanding an apology. [CBS] In Manatee County, Florida, local school officials resumed control and carried out the order to desegregate the county's schools. Governor Claude Kirk is appealing the busing issue. The Justice Department will write a new plan if needed, but direct Supreme Court action was denied. Kirk has purposely provoked a federal-state conflict. [CBS] A teacher strike is crippling the Los Angeles school system. Up to 90% of teachers are on strike and many schools are closed. Teachers want better pay and more money for education. The Los Angeles Teachers Association is new, powerful and militant. The school board is seeking a court injunction, which teachers say they will will ignore. Minneapolis schools are also closed by teacher strikes. [CBS] Thirty thousand Chicago Teamsters are on strike, demanding a better deal than the tentative national contract provides. The air traffic controller strike is ending despite some holdouts. [CBS] Federal parks are only spending half of their annual allotment. President Nixon proposed a spending backlog, and increasing the annual sum by 50%. The money would be used to acquire and develop national parks. [CBS] A Washington, DC judge issued a restraining order against Alaska oil pipeline construction pending the outcome of a conservationist's suit against Interior Secretary Walter Hickel's right-of-way grant. [CBS] There are two opposing environmental philosophies: "in power" technological controllers believe that pollution is scientifically controllable; "out of power" campus reaction is against industrialization. The nation must choose. [CBS]

Stock Market Report

Dow Jones Industrial Average: 785.90 (-4.56, -0.58%)
S&P Composite: 87.64 (-0.60, -0.68%)
Arms Index: 1.64

	Issues	Volume*
Advances	331	1.37
Declines	978	6.62
Unchanged	271	0.82
Total Volume		8.81

* 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
Date	DJIA	S&P	Volume*
April 10, 1970	790.46	88.24	10.02
April 9, 1970	792.50	88.53	9.06
April 8, 1970	791.64	88.49	9.07
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