News stories from Friday September 25, 1970

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

The U.S. has information that the Soviets are building a submarine base in Cuba. and President Nixon warned Cuba to halt construction of the base. There are no Soviet missile submarines in Cuba yet. [CBS] A cease-fire has been proclaimed in Jordan; 38 American hostages are still being held by the Palestinians. [CBS] The White House remains concerned over the Soviet role in the Mideast. The U.S. wants to create a demilitarized zone and establish a U.S.-Soviet peace force; the USSR may be warming up to the plan.Presidential adviser Henry Kissinger is in Paris to review a Viet Cong peace proposal for Vietnam. [CBS] Six U.S. helicopters were downed in Vietnam. [CBS] A federal judge has denied Lt. William Calley a trial as a civilian. [CBS] Armed guards on U.S. airplanes will shoot hijackers if necessary, although Transportation Secretary John Volpe says that shooting is a last resort. The FBI and the military opposed providing guards for planes, but President Nixon ordered them to. [CBS] In St. Louis, a suitcase headed for an Eastern Airlines plane exploded on a conveyor belt. A woman had checked two bags containing several weapons; a shotgun exploded. [CBS] The Campus Unrest Commission will release its report soon. [CBS] The prosecution presented evidence at Charles Manson's murder trial. Barbara Hoyt described a conversation between Susan Atkins and another member of the Manson "family" about Sharon Tate before the murders. [CBS] Boston police commissioner Edmund McNamara blamed radical revolutionaries for a bank robbery in which a guard was killed. Arms stolen from the Newburyport, Massachusetts, National Guard armory were found in one suspect's apartment. [CBS] Two female Black Panthers pleaded guilty to reduced charges in connection with the murder of police informant Alex Rackley. [CBS] Arson is suspected in some California forest fires; three major fires are currently burning out of control. [CBS] German novelist Erich Maria Remarque has died at 72. [CBS]

Stock Market Report

Dow Jones Industrial Average: 761.77 (+2.46, +0.32%)
S&P Composite: 83.97 (+0.06, +0.07%)
Arms Index: 1.01

	Issues	Volume*
Advances	743	9.64
Declines	608	7.98
Unchanged	270	2.86
Total Volume		20.48

* 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*
September 24, 1970	759.31	83.91	21.34
September 23, 1970	754.38	82.83	16.94
September 22, 1970	747.47	81.66	12.11
September 21, 1970	751.92	81.91	12.54
September 18, 1970	758.49	82.62	15.90
September 17, 1970	757.67	82.29	15.53
September 16, 1970	754.31	81.79	12.09
September 15, 1970	750.55	81.36	9.83
September 14, 1970	757.12	82.07	11.90
September 11, 1970	761.84	82.52	12.14