News stories from Monday April 20, 1970

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

Tonight's report by President Nixon on Vietnam will include a 50,000-man troop withdrawal over several months; 425,500 Americans are currently in Vietnam. [CBS] Five American helicopters were downed yesterday. The total downed during the war is now 3,589. Enemy troops moved towards Phnom Penh in the closest Communist advance on the Cambodian capital yet. The Viet Cong rejected any proposal for peace talks until all Americans are withdrawn from Indochina. [CBS] Supreme Court reject G. Harrold Carswell will run for the Senate from Florida. In Miami, Florida Governor Claude Kirk and Senator Edward Gurney endorsed Carswell. Carswell has resigned his judicial post and announced that he is running for the Senate in order to strengthen conservative government. Carswell will oppose William Cramer in the Republican primary; Florida is a liberal vs. conservative battleground state. [CBS] The Supreme Court rejected Florida Governor Claude Kirk's bid to change Manatee County's school desegregation. The Governor wanted a ruling on forced busing. [CBS] The Supreme Court ruled that welfare aid can't be cut because of the presence of a man in the house unless he contributes to the support of the residents. It also upheld an Oregon Supreme Court ruling to remove a cross from a public park and ruled that demonstrators can't be arrested for angering spectators. [CBS] H. Rap Brown failed to appear at the resumption of his Ellicott City, Maryland, trial. Brown's attorney delayed contempt charges by challenging the trial's legality. [CBS] Defense Secretary Melvin Laird said that the United States is taking a chance by delaying the deployment of nuclear weapons while the Soviet Union is increasing its force. The U.S. delay was intended to aid the Strategic Arms Limitation Talks. [CBS] The Ohio Senate race includes Republicans James Rhodes and Robert Taft and Democrat John Glenn. The first American to orbit Earth now runs for the Senate. Glenn is a hero, not just a politician. Vietnam and inflation are Glenn's major issues; he claims that his military and space career is a basis for a good political background. Glenn's leading Democrat opponent, Howard Metzenbaum, wants a debate to clarify Glenn's platform. [CBS] The U.S. Navy discharged 3,800 men for drug abuse last year, but drug abuse among troops in Vietnam is reportedly no worse than in other places. [CBS] The Colombian presidential election outcome is still unknown. A political crisis is imminent and troops are on alert. Former ruler Gustavo Rojas declared himself the winner before the results were in. The Army claims neutrality, but will block a Rojas win. [CBS] Henry Ford II may partner with Russia in the world's largest truck factory. European countries and Japan rejected the Soviets' offer. [CBS] The Chrysler Corporation announced that it lost $29.5 million during the first quarter of 1970. [CBS] East Germany released five sick West German children but is holding their father, a pilot, for questioning; his plane had been forced down. [CBS] The Coast Guard took a poisoned woman off a Soviet ship last week. Now, from an American hospital, she is seeking political asylum. [CBS] The Justice Department is suing Geritol for $1 million, charging it with a Federal Trade Commission violation. The company has been ordered to stop claiming that its product is a cure for tiredness and nervousness. [CBS] Boston celebrates Patriot Day with a marathon each year. The 26-mile Boston Marathon, the oldest and longest American footrace, started 74 years ago. Eight women broke with tradition and entered the race this year. [CBS]

Stock Market Report

Dow Jones Industrial Average: 775.87 (-0.07, -0.01%)
S&P Composite: 85.83 (+0.16, +0.19%)
Arms Index: 0.81

	Issues	Volume*
Advances	616	3.93
Declines	660	3.39
Unchanged	290	0.96
Total Volume		8.28

* 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 17, 1970	775.94	85.67	10.99
April 16, 1970	775.87	85.88	10.25
April 15, 1970	782.60	86.73	9.41
April 14, 1970	780.56	86.89	10.84
April 13, 1970	785.90	87.64	8.81
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