News stories from Tuesday September 22, 1970

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

Syrians routed the Jordan military as King Hussein tried to stop their advance; guerrillas have vowed a long fight. U.S. intervention is more likely now. The U.S. has asked that the Soviet Union restrain Syria.The closest military bases to Amman, Jordan are British and Turkish so the U.S. needs permission to use them to evacuate Americans from Jordan; cooperation is unlikely. The Jordanian Army has 53,000 men; Palestinian guerrillas have 12,000. But the Syrian military is stronger than Jordan's. [CBS] Israelis are massing on the Jordan border but say they won't intervene. Casualties are high in Jordan; the United Arab Republic and others warned that all American Mideast interests will be destroyed if the U.S. intervenes. A meeting of the United Nations Security Council will take place tomorrow. [CBS] Representatives and Senators don't want the U.S. to be involved in any Mideast war; they prefer a diplomatic offensive. Peace leader Rennie Davis says that President Nixon wants to protect American business and crush Palestinians. Military intervention would be a political disaster for the Republicans. [CBS] The U.S. has resumed military shipments to Greece to protect NATO forces. [CBS] The government of Uruguay refused to publish an anti-government manifesto written by the terrorists who kidnapped American Claude Fly. Fly's captors had said they would release him if their pamphlet was published. [CBS] Cambodian troops renewed an offensive against the Communists north of Phnom Penh. [CBS] Astronaut Frank Borman reported on his prisoners of war tour and denounced Communists who have charged American POWs with war crimes; Communists are using the POWs for propaganda purposes. [CBS] President Nixon wants federal power to handle campus bombings and arsons. He wants 1,000 new FBI agents, and has asked Congress permit federal intervention on campuses. Rep. Gerald Ford says that government funding being used by colleges justifies FBI action. [CBS] President Nixon has nominated Sidney Marland to be U.S. Commissioner of Education. [CBS] The United Transportation Union is threatening a railroad strike for tomorrow. General Motors and the UAW are attempting to negotiate an end to the auto strike. [CBS] The Senate passed the Clean Air Bill which requires an almost pollution-free car by 1975. [CBS] The Southern Governors Conference went on record as opposing busing and asked Congress to require a national desegregation policy. [CBS] Power is in short supply on the East coast; blackouts occurred in six states. [CBS] Three balloonists attempting a transatlantic flight have been lost over the Atlantic Ocean. [CBS] A 150-acre fire near Berkeley, California, is now contained. [CBS]

Stock Market Report

Dow Jones Industrial Average: 747.47 (-4.45, -0.59%)
S&P Composite: 81.66 (-0.25, -0.31%)
Arms Index: 1.07

	Issues	Volume*
Advances	514	4.01
Declines	807	6.72
Unchanged	278	1.38
Total Volume		12.11

* 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 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
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