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Wednesday August 12, 1970
. . . where the 1970s live forever!

News stories from Wednesday August 12, 1970

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

  • The Senate defeated the Cooper-Hart amendment to limit the number of anti-ballistic missile sites and funding for them. The Senate still faces the Brooke amendment, which also would limit ABM sites. [CBS]
  • West German Chancellor Willy Brandt and Soviet Premier Alexei Kosygin signed a nonaggression pact in Moscow. The leaders are optimistic, but West Germany won't put the treaty into effect until pressure is eased on West Berlin. [CBS]
  • Israel charged that the United Arab Republic moved surface-to-air missiles closer to the Suez Canal after the cease-fire had begun, and fired across the canal today; the United States is investigating. [CBS]
  • The government of Uruguay is seeking the Tupamaros terrorists and their hostages. In Richmond, Indiana, Daniel Mitrione's widow and nine kids mourned as the murdered American's body arrived home. [CBS]
  • Militant Irish Protestants broke through barricades and marched through the streets in Londonderry, Northern Ireland; they want the bill that would increase the rights of Catholics to be scrapped. Police let the crowd pass and later turned fire hoses on them. [CBS]
  • Mrs. Jacques Chaban-Delmas, wife of the French Premier, was killed in a car wreck. [CBS]
  • In Chicago, 25 policemen fought with student spectators and defendants at a trial for the students who were involved in disorders in May. [CBS]
  • The Campus Unrest Commission heard testimony at Jackson State College in Mississippi. A civil rights leader accused President Nixon and Vice President Agnew of inciting Mississippi law officers to kill blacks. [CBS]
  • It was discovered that two of the guns which were used in the San Rafael, California courtroom kidnap-murder were bought by Communist activist Angela Davis; authorities are looking for her. [CBS]
  • President Nixon will meet with representatives of southern states in New Orleans on Friday to discuss school desegregation. [CBS]
  • President Nixon signed the postal reform bill. The new bill eliminates politics from the post office, allows modern methods and removes the post office from Congressional control. Postal rates will increase. [CBS]
  • President Nixon signed a bill to increase benefits for disabled veterans by 11%. [CBS]
  • Senators Barry Goldwater and Mark Hatfield introduced legislation to end the military draft. [CBS]
  • The Coca-Cola Company announced a pay increase, insurance and a retirement plan for migrant farm employees in Florida. [CBS]
  • A judge ruled against Curt Flood in his suit to alter the reserve clause in baseball players' contracts; the judge said that the players and clubs should change it. [CBS]
  • The Labor Department sued a Chicago eating establishment for discriminating against young men; the men being paid less than female employees. [CBS]
  • The Army has loaded nerve gas onto a ship in North Carolina for burial at sea, but won't dump it until Florida Governor Claude Kirk's lawsuit is settled. [CBS]

Stock Market Report

Dow Jones Industrial Average: 710.64 (-1.91, -0.27%)
S&P Composite: 75.42 (-0.40, -0.53%)
Arms Index: 1.40

Total Volume7.44
* 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
August 11, 1970712.5575.827.33
August 10, 1970713.9276.207.58
August 7, 1970725.7077.289.37
August 6, 1970722.8277.087.56
August 5, 1970724.8177.187.66
August 4, 1970725.9077.198.31
August 3, 1970722.9677.027.65
July 31, 1970734.1278.0511.64
July 30, 1970734.7378.0710.43
July 29, 1970735.5678.0412.58

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