News stories from Monday September 21, 1970

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

U.S. troops have been alerted for possible intervention in Jordan's civil war; Syria is aiding the Palestinian guerrillas. Jordan's King Hussein has asked for foreign aid and urged that the United Nations keep Syrian forces out of Jordan. [CBS] Five Nobel Peace Prize winners have asked the U.S. and the Soviet Union to halt arms development. [CBS] Cambodian Premier Lon Nol has replaced the commander of the 4,000 troops who are currently encircled by the Communists. [CBS] The U.S. granted visas for South Vietnam Vice President Nguyen Cao Ky and his wife to speak at the Washington, DC pro-war rally. [CBS] The Nixon administration asked for an increase in the airline ticket tax to pay for air guards. Air Force General Benjamin Davis has been appointed as director of Civil Aviation Security. The federal government will insure planes against damage from hijackings since private insurance rates have shot up. [CBS] The FBI nabbed the man who extorted $25,000 from Western Air Lines with a fake bomb threat. [CBS] The Soviet Union reported that the unmanned "Luna 16" is returning home with samples from the moon. [CBS] Most major banks cut their prime interest rate to 7.5%. [CBS] Senator Birch Bayh threatened to block Senate business unless action is taken on an amendment for direct election of the President. [CBS] In Biloxi, Mississippi, the Southern Governors Conference discussed busing. Louisiana Governor John McKeithen called for a uniform nationwide school desegregation policy and denounced President Nixon's "sociological experiment". [CBS] The Federal Aviation Administration reported that 747 jumbo jets create air turbulence that affects smaller planes. [CBS] Interior Secretary Walter Hickel stated that the government cheats Indians. [CBS] A balloon with three New York residents on board is seeking a new distance record; it is now over Nova Scotia. [CBS]

Stock Market Report

Dow Jones Industrial Average: 751.92 (-6.57, -0.87%)
S&P Composite: 81.91 (-0.71, -0.86%)
Arms Index: 1.47

	Issues	Volume*
Advances	514	3.33
Declines	827	7.86
Unchanged	269	1.35
Total Volume		12.54

* 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 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
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