News stories from Monday November 2, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Republicans' final television campaign spot is tonight. Democrats have bought time for Senator Edmund Muskie to reply. Muskie will denounce empty Republican threats and slander against Democrats; the Republican broadcast will be taken from President Nixon's speech in Phoenix.
The recent violence against the President was the climax of the Republican "law and order" pitch; the administration expected trouble in San Jose.
[CBS] - The U.S. and USSR will reopen Strategic Arms Limitation Talks in Finland; the U.S. is optimistic, the Soviets are cautious. Both nations asked the United Nations General Assembly to ban nuclear weapons from the ocean floor.
A Swedish research institution reported that the U.S. and the Soviet Union have so much nuclear power already that more won't make any difference.
[CBS] - British scientist Kenneth Gatland stated that the Soviets blew up a satellite in space as a test for destroying U.S. military satellites. [CBS]
- The Associated Press reported that soldiers in Vietnam will get a two-week vacation in the U.S. during their one-year tour of duty overseas. [CBS]
- The Army revealed that drugs are being stolen from military hospitals in Thailand and then sold on the black market. [CBS]
- A United Nations committee stated that Israel is mistreating Arabs in occupied lands; the committee's report was based solely on Arab testimony. [CBS]
- In St. Laurent DuPont, France, 144 people died in a dance hall fire; the cause of the fire is unknown. Exits were locked to bar gate-crashers; only a few inside the club were able to escape the blaze. [CBS]
- In Los Angeles, the prosecution wound up its case against Charles Manson. Dianne Lake was the last prosecution witness. Manson is now clean-shaven, and has shorter hair. [CBS]
- New York police seized six persons in a raid against an alleged bomb ring. [CBS]
- An uprising at Cummins State Prison may affect the Arkansas governor race. Governor Winthrop Rockefeller stated that the prisoners won't win their demands by force; his opponent Dale Bumpers charged that Rockefeller has been slow on prison reform. [CBS]
- The Transportation Department has given the auto industry until July, 1973 to equip cars with automatic crash protection devices. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 758.01 (+2.40, +0.32%)
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* |
| October 30, 1970 | 755.61 | 83.25 | 10.52 |
| October 29, 1970 | 753.56 | 83.36 | 10.44 |
| October 28, 1970 | 755.96 | 83.43 | 10.66 |
| October 27, 1970 | 754.45 | 83.12 | 9.68 |
| October 26, 1970 | 756.43 | 83.31 | 9.20 |
| October 23, 1970 | 759.38 | 83.77 | 10.27 |
| October 22, 1970 | 757.87 | 83.28 | 9.00 |
| October 21, 1970 | 759.65 | 83.66 | 11.33 |
| October 20, 1970 | 758.83 | 83.64 | 10.63 |
| October 19, 1970 | 756.50 | 83.15 | 9.89 |