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Tuesday August 25, 1970
. . . where the 1970s live forever!

News stories from Tuesday August 25, 1970

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

  • In Seoul, South Korea, Vice President Spiro Agnew learned that military withdrawal from Indochina is not easy. Korea wants increased U.S. aid in order to offset troop withdrawals -- $3 billion over five years. Koreans say that the situation is tense; another meeting with Agnew will take place tomorrow. [CBS]
  • The Senate defeated a move for an all-volunteer Army. The bill would have increased military pay at a cost of $4 billion per year; the White House opposed the bill. The Pentagon says that an all-volunteer Army is not possible at this time. [CBS]
  • Mideast peace talks have begun in New York City. U.N. Secretary General U Thant said he is optimistic. The three ambassadors didn't meet with each other, instead they had separate talks with negotiator Gunnar Jarring. [CBS]
  • Cambodians reinforced Prek Tamak, Cambodia, to protect Phnom Penh. The Viet Cong shelled a hamlet in southern South Vietnam. [CBS]
  • Pope Paul received Bishop James Walsh and heard about his 12 years as a prisoner of the Chinese. [CBS]
  • The Supreme Court refused a delay in North Carolina and Florida desegregation. In Charlotte, N.C., a federal district court ordered busing, but the school board says that mass integration is impossible. The reopening of Charlotte schools may be delayed for lack of buses. [CBS]
  • H. L. Hunt was advertising a Texas resort through Rep. Olin Teague's office. [CBS]
  • In New York, Democrat House candidate Thomas Flaherty said that Rep. Richard McCarthy offered him a $10,000 deal to drop out of the race and run for judge. In Harlem, Rep. Adam Clayton Powell, who was defeated in the Democratic primary, will seek re-election as an independent. [CBS]
  • 800 San Quentin prisoners burned offices to support the demands of blacks. [CBS]
  • The University of Wisconsin bomb may have been in a truck outside the Math Research Building. Researchers have been barred from entering the building; some claim that the FBI is destroying their research. [CBS]
  • Retiring University of Pennsylvania president Gaylord Harnwell has been elected chairman of the Penn-Central Railroad. [CBS]
  • The Treasury Department stated that it will give an extra ½% interest on bonds held five years or more. [CBS]

Stock Market Report

Dow Jones Industrial Average: 758.97 (-0.61, -0.08%)
S&P Composite: 81.12 (+0.13, +0.16%)
Arms Index: 0.94

Total Volume17.53
* 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 24, 1970759.5880.9918.91
August 21, 1970745.4179.2413.42
August 20, 1970729.6077.6410.17
August 19, 1970723.9976.969.87
August 18, 1970716.6676.209.50
August 17, 1970709.0675.336.94
August 14, 1970710.8475.187.85
August 13, 1970707.3574.768.64
August 12, 1970710.6475.427.44
August 11, 1970712.5575.827.33

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