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Wednesday September 16, 1970
. . . where the 1970s live forever!

News stories from Wednesday September 16, 1970

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

  • Jordan is facing a civil war as guerrillas want King Hussein overthrown; fighting rages, and the U.S. State Department is worried. The U.S. opposes guerrilla control of Jordan, which would minimize chances for Mideast peace; King Hussein has a 50-50 chance of surviving this crisis. [CBS]
  • Israeli Prime Minister Golda Meir is in the U.S. to seek aid. [CBS]
  • Three Czechs got 3½ years imprisonment in West Germany for hijacking a Soviet plane; they were seeking asylum. [CBS]
  • President Nixon spoke at Kansas State University, where he denounced lawbreakers and called for American solidarity. Hecklers were drowned out by applause; only 30 of the 15,500 who attended demonstrated against the President. [CBS]
  • Vice President Spiro Agnew was heckled during a speech in Saginaw, Michigan. Agnew spoke on behalf of Senate candidate Lenore Romney and denounced hecklers as Democrat supporters.

    A Grand Rapids, Michigan, man was arrested for threatening to kill Agnew. [CBS]

  • The Pentagon announced that they won't end Reserve Officers' Training Corps programs or radically alter methods. [CBS]
  • Democrat Senators Edward Kennedy, Joseph Tydings, Henry Jackson, John Pastore and Hubert Humphrey won their primaries. Two antiwar House candidates surprisingly won Democrat primaries over incumbents: Father Robert Drinan beat Philip Philbin in Massachusetts, and George Fallon fell to Paul Sarbanes in Maryland. [CBS]
  • The House limited the amount which can be spent on radio and television during political campaigns, but the limit won't affect this fall's elections. [CBS]
  • Ford Motor Company upped their car prices by 5%. [CBS]
  • 13 American helicopters have been destroyed or damaged in recent action in Indochina. Communists currently surround 4,000 Cambodian troops, and may wipe them out. [CBS]
  • White House advisers John Ehrlichman and George Shultz began a tour of Southeast Asia to discuss the post-war economy. [CBS]
  • The administration compromised with Senate critics to push the welfare reform bill. [CBS]
  • The Transportation Department admits that the supersonic transport has pollution problems but wants the program continued anyway. [CBS]
  • A hormone used to fatten cattle may cause cancer; the FDA lets farmers double the recommended dosage but forbids feeding it to cattle for 48 hours before slaughter. [CBS]

Stock Market Report

Dow Jones Industrial Average: 754.31 (+3.76, +0.50%)
S&P Composite: 81.79 (+0.43, +0.53%)
Arms Index: 0.68

Total Volume12.09
* 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
September 15, 1970750.5581.369.83
September 14, 1970757.1282.0711.90
September 11, 1970761.8482.5212.14
September 10, 1970760.7582.3011.90
September 9, 1970766.4382.7916.25
September 8, 1970773.1483.0417.11
September 4, 1970771.1582.8315.36
September 3, 1970765.2782.0914.11
September 2, 1970756.6480.969.71
September 1, 1970758.1580.9510.44

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