News stories from Monday April 27, 1970

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

Secretary of State William Rogers discussed the prospects for aid to Cambodia with the Senate Foreign Relations Committee. Senator William Fulbright and the committee firmly oppose the aid.A Communist conference of Southeast Asian leaders including ousted Cambodian Prince Norodom Sihanouk will try to reinstate the former ruler. Defense Secretary Melvin Laird wants the U.S. military role to be limited to Vietnam, but stated that we must support American bombing raids into Cambodia if the current government falls. [CBS] Cambodian troops attempted to dislodge Communists from Angtassom, the town which cuts Phnom Penh off from vital ports. France rejected Cambodia's request for aid; the French cut off help after Prince Sihanouk's ouster. [CBS] A U.S. helicopter gunship was downed over Laos. Six soldiers were killed and four are missing. [CBS] Cuba reported that all 13 of the "Alpha 66" invaders have either been killed or captured. [CBS] Haiti's dictator Francois Duvalier declared a holiday celebrating the suppression of the brief coast guard revolt. Most of the navy rebelled but the damage was slight. The one-plane Haitian air force returned rebel shell fire. Mutineers sailed three ships to Puerto Rico and asked the U.S. for asylum; they have received no answer yet. [CBS] China and the United States will resume talks at Warsaw in May. [CBS] GM and Ford sales were down for the first quarter of 1970. GM profits were $348 million and Ford's were $124 million. [CBS] Louisiana officials are investigating a bombing at the state capitol building in Baton Rouge. Twenty to 30 sticks of dynamite caused $50,000 damage to the Senate chamber. A note claims that the blast is in retaliation for three blacks who were "murdered" by police. [CBS] Anti-cigarette campaign leader Tony Curtis was fined $120 in London for marijuana possession. [CBS] William Kienast's two-month-old quintuplets left a New York City hospital. Dr. Stanley James reported that all of the babies are doing well and are gaining weight. [CBS] The Supreme Court announced that it will hear an abortion law case which may yield a landmark decision. [CBS] President Nixon's civil rights message drew a distinction between segregation by law and voluntary segregation. Federal education commissioner James Allen vows that he will wage a total fight for desegregation regardless of its cause, and he called on educators to help. [CBS] The Nixon administration plans to end city slum projects by moving them to the suburbs. [CBS] The Commonwealth Edison stockholders' meeting in Chicago showcased environmental conflicts. Folk singer Win Stracke led protestors in song. The "Campaign Against Pollution" group held a rally. Commonwealth Edison pollutes Lake Michigan. The proposed nuclear plants are needed for power, but will cause thermal pollution. However, there is a danger of blackouts if plant construction is stopped.The Soviet Union now has given itself the legal authority to close any business, farm or boat that pollutes water. [CBS] The Agriculture Department's order for a decrease in hot dog fat content is working; 96% meat with 30% fat is the new standard. [CBS] Navy journalist Roger Priest was court-martialed, reprimanded and given a bad conduct discharge for publishing an underground newspaper. He could have received six years' hard labor. [CBS]

Stock Market Report

Dow Jones Industrial Average: 735.15 (-12.14, -1.62%)
S&P Composite: 81.46 (-1.31, -1.58%)
Arms Index: 1.88

	Issues	Volume*
Advances	185	0.73
Declines	1,208	8.97
Unchanged	194	0.55
Total Volume		10.25

* 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 24, 1970	747.29	82.77	10.41
April 23, 1970	750.59	83.04	11.05
April 22, 1970	762.61	84.27	10.78
April 21, 1970	772.51	85.38	8.49
April 20, 1970	775.87	85.83	8.20
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