News stories from Thursday September 17, 1970

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

Civil war has broken out in Jordan. The government claims that the main guerrilla force has been crushed, but fighting remains fierce in Amman.Arabs expect the Army to win within a week; the Palestinian hijacks have alienated the anti-government factions. Iraq is staying out of the fighting. [CBS] The U.S. may evacuate Americans from Jordan if guerrillas gain control there; President Nixon said that Americans anywhere will be protected. The President will meet with Israeli Prime Minister Golda Meir tomorrow. [CBS] The House and Senate heard testimony regarding hijackings. 2,500 security guards will be on U.S. planes by the end of the year; a tax on international tickets will help defray the cost. Airline freight insurance charges in the Mideast have increased 400% due to the recent hijacks. [CBS] The Soviet Union denounced the Arab hijackings, saying that they give Israel propaganda. [CBS] Tupamaros terrorists in Uruguay said that they will release American agricultural expert Claude Fly if the government will let them publish a manifesto. [CBS] Chief Viet Cong negotiator Mrs. Nguyen Thi Binh said that the V.C. won't attack U.S. troops if they are out of Vietnam by mid-1971 and if Saigon's political leaders are ousted. [CBS] Both hawks and doves urged South Vietnam Vice President Nguyen Cao Ky to stay away from the upcoming Washington, DC pro-war rally. [CBS] 4,000 surrounded Cambodian troops are trying to escape from the Communists; resupply has been ruled out. [CBS] The Senate attempted to debate electoral reform as a filibuster continues. Senator Roman Hruska stated that there will be no electoral reform this session. The Nixon administration is for reform, but won't back the bill to provide for direct election of the President. Senator Birch Bayh says that President Nixon may be avenging Senate opposition to his Supreme Court nominees. [CBS] The House passed a Congressional reform bill, ending secret votes on the floor and proxy votes in committee. The bill also permits House hearings to be shown on TV. [CBS] Attorney General John Mitchell wants legislation requiring a license and I.D. in order to sell or buy explosives. [CBS] In Beaumont, Texas, an oil refinery that was struck by lightning is on fire. [CBS] Presidential adviser Virginia Knauer blames corporate concentration for consumer problems and may seek anti-trust action. [CBS] Half a million Oh Henry! candy bars may be contaminated; the bars are being recalled. [CBS]

Stock Market Report

Dow Jones Industrial Average: 757.67 (+3.36, +0.45%)
S&P Composite: 82.29 (+0.50, +0.61%)
Arms Index: 0.96

	Issues	Volume*
Advances	955	10.20
Declines	371	3.80
Unchanged	247	1.54
Total Volume		15.54

* 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 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
September 10, 1970	760.75	82.30	11.90
September 9, 1970	766.43	82.79	16.25
September 8, 1970	773.14	83.04	17.11
September 4, 1970	771.15	82.83	15.36
September 3, 1970	765.27	82.09	14.11
September 2, 1970	756.64	80.96	9.71