News stories from Thursday September 3, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Donald Armstrong pleaded for his two wanted sons to come home. His son Karl called from New York last night and denied taking part in the University of Wisconsin bombing; Donald asked the boys to turn themselves in. A warrant has been issued on Karl Armstrong for another bombing as well. [CBS]
- A Chicago grand jury indicted seven Black Panther Stone Nation gang members for conspiracy and murder. [CBS]
- The Selective Service has reported 271 attacks on draft board offices this year; duplicate records are kept at state headquarters. [CBS]
- Yippie leader Jerry Rubin created a tax-exempt foundation for his royalty and lecture receipts. Required reports are four months late; an IRS investigation has been launched. [CBS]
- The U.S. charged the Soviet Union and United Arab Republic with Mideast cease-fire violations and called for a halt to those violations; but nothing was said about dismantling present missile sites. Israeli Defense Minister Moshe Dayan's views lead the cabinet; he wants Arab missiles out of the Suez Canal zone.
United Arab Republic arms are at the highest level since the 1967 war. The Institute for Strategic Studies reported that 100 Soviet-piloted MiGs and 10,000 Soviet advisers are in Egypt.
[CBS] - Cambodian forces retook Srang as Communists withdrew. South Vietnam veterans protesting in Saigon had a gunfight with U.S. and South Vietnamese troops. [CBS]
- South Vietnam Vice President Nguyen Cao Ky will speak at a Washington, DC pro-war rally. [CBS]
- Commerce Secretary Maurice Stans predicted that the prime interest rate will soon drop from 8% to 6%. [CBS]
- House Speaker John McCormack's former aide Martin Sweig got a 30-month prison sentence and a $2,000 fine; the judge will reconsider the sentence if Sweig testifies to knowledge of widespread corruption. [CBS]
- The United States and Japan agreed to cooperate on environmental protection. [CBS]
- A modified Ford Capri which uses unleaded gasoline won the Clean Air Race from Massachusetts to California. [CBS]
- Football coach Vince Lombardi has died of cancer at the age of 57. [CBS]
- Labor leader C.J. Haggerty warned that lazy union men are causing industries to seek non-union workers. [CBS]
- Professional football kicker Steve Palinkas has been dropped from the Orlando Panthers; his wife Pat, who was the ball-holder for kicks, has been kept. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 765.27 (+8.63, +1.14%)
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 2, 1970 | 756.64 | 80.96 | 9.71 |
| September 1, 1970 | 758.15 | 80.95 | 10.44 |
| August 31, 1970 | 764.58 | 81.52 | 10.74 |
| August 28, 1970 | 765.81 | 81.86 | 13.82 |
| August 27, 1970 | 759.79 | 81.08 | 12.44 |
| August 26, 1970 | 760.47 | 81.21 | 15.97 |
| August 25, 1970 | 758.97 | 81.12 | 17.52 |
| August 24, 1970 | 759.58 | 80.99 | 18.91 |
| August 21, 1970 | 745.41 | 79.24 | 13.42 |
| August 20, 1970 | 729.60 | 77.64 | 10.17 |