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Thursday June 11, 1970
. . . where the 1970s live forever!

News stories from Thursday June 11, 1970


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

  • The Senate defeated the Byrd amendment to the Cooper-Church bill. Doves back Cooper-Church, and passage of the Byrd amendment would have gutted it; the vote was 52-47. Byrd's defeat is only a psychological win for the doves, however. [CBS]
  • Communist forces have taken the Angkor Wat temple area in Cambodia. [CBS]
  • Communists in South Vietnam massacred villagers south of Danang; 100 civilians were killed and 80 wounded. [CBS]
  • Russia has increased its military aid to North Vietnam. [CBS]
  • King Hussein of Jordan fired his top military advisers and has taken command of the army; guerrillas demanded the change. Arabs are still holding foreign reporters hostage. [CBS]
  • The last Americans have left Wheelus AFB in Libya, the base in now in the hands of the leftist military government. This was the last U.S. outpost in North Africa. [CBS]
  • Ousted education commissioner James Allen claims that no reason for his dismissal was ever given; he disagrees with the administration's policies on desegregation and Cambodia. Allen was clearly fired because of his dissent; he wanted change within the system. [CBS]
  • The Senate began proceedings to confirm Elliot Richardson as Secretary of Health, Education and Welfare. [CBS]
  • President Nixon has asked Congress to cancel 20 offshore oil leases near Santa Barbara, California, and to create a federal marine sanctuary. [CBS]
  • President Nixon is prodding Congress to take action on anti-crime legislation, telling federal attorneys that he wants anti-crime bills to be passed quickly and noting that crime is a bipartisan problem. Vice President Spiro Agnew stated that he wants Congress to take anti-crime action, and denounced Senator Fulbright.

    House Judiciary Committee chairman Emanuel Celler says that the President's anti-crime bills are full of constitutional holes. [CBS]

  • 35 of 46 alleged Cosa Nostra members were indicted for not testifying before a New York grand jury investigating organized crime in legitimate business; others are being sought. [CBS]
  • The Army is investigating whether the Ku Klux Klan is operating on a West German base; harassment of blacks in the 14th Armored Cavalry is suspected. [CBS]
  • A House subcommittee has created a federal agency responsible to Congress for consumer protection; President Nixon opposes the committee. [CBS]
  • An Illinois railroad and the AFL-CIO have agreed to remove restrictive job rules; trains can now cross state lines without crew changes. [CBS]
  • Former Soviet Prime Minister Alexander Kerensky has died at the age of 89; he fled Russia in 1917 and opposed the Communist regime. [CBS]
  • Argentine kidnappers killed former President Pedro Aramburu in retaliation for the executions of 26 Peronistas. [CBS]
  • Today was Ladies' Day at the Pentagon, as Women's Army Corps colonels Anna Mae Hays and Elizabeth Hoisington are now officially generals; General William Westmoreland started a new protocol of kissing lady generals. [CBS]
  • Senator Edward Kennedy announced that he will run for re-election to the Senate, but won't try for the presidency in 1972. [CBS]


Stock Market Report

Dow Jones Industrial Average: 684.42 (-9.93, -1.43%)
S&P Composite: 74.45 (-1.03, -1.36%)
Arms Index: 1.25

IssuesVolume*
Advances2431.10
Declines1,0606.02
Unchanged2300.66
Total Volume7.78
* 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
DateDJIAS&PVolume*
June 10, 1970694.3575.487.24
June 9, 1970700.1676.257.05
June 8, 1970700.2376.298.04
June 5, 1970695.0376.1712.45
June 4, 1970706.5377.3614.38
June 3, 1970713.8678.5216.60
June 2, 1970709.6177.8413.48
June 1, 1970710.3677.8415.02
May 29, 1970700.4476.5514.63
May 28, 1970684.1574.6118.91


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