News stories from Wednesday September 23, 1970

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

King Hussein of Jordan claimed victory and reported that the Syrians have been routed. But Palestinian leader Yasser Arafat won't make peace. American military intervention is unlikely; Jordan will evacuate Americans who want to leave. [CBS] Some foreign reporters are trapped in Amman, Jordan; many others are in Beirut, Lebanon, now. Firepower is intense and casualties high as the Jordanian Army shelled houses; Hussein can't beat the guerrillas without destroying most of Amman. The Army has been ordered to shoot anyone taking pictures.Jordan claims to have forced all Syrians out of the country. A Syrian foreign minister denied that Syrian troops entered Jordan and said that the invaders were Palestinians. [CBS] The Soviet Union has warned the U.S. not to interfere in Jordan. The White House is relieved by today's events in the Mideast although guerrillas and the Jordanian government are still fighting. U.S. military intervention is unlikely now. [CBS] Power in the Northeast was cut 5-8% today, but no blackouts were reported. [CBS] Vice President Spiro Agnew stated that courts are discriminating against the South in their rulings on desegregation. [CBS] There are reports of heavy opposition to the Washington, DC "Win the War" rally. Students are holding a hunger strike to protest it, but event organizer Rev. Carl McIntire says that freedom of speech demands that South Vietnam Vice President Nguyen Cao Ky speak at the rally. Ky will attend despite official U.S. opposition. [CBS] In Italy, leftist students protested a planned visit by President Nixon. [CBS] 8,000 Cambodians in Skoun are surrounded by Communist forces. [CBS] The House Judiciary Committee passed President Nixon's anti-crime bill aimed at organized crime and terrorism. [CBS] New York Labor Department employee James White killed four secretaries and himself; his motive is unknown. [CBS] The cost of living was up 0.2% last month, the smallest monthly increase since 1968. The White House is pleased, and economic adviser Herbert Stein stated that this constitutes evidence that the administration's economic policies are working.Three former economic advisers to Presidents John F. Kennedy and Lyndon Johnson said that there are no real grounds for economic optimism. [CBS] Railroad labor talks continued in Washington, DC; a strike may be avoided. [CBS] The Nixon administration opposes national health insurance as being too expensive. [CBS] The Senate approved an election campaign reform bill which limits the amount which can be spent for campaign ads; the bill won't affect the 1970 elections. [CBS]

Stock Market Report

Dow Jones Industrial Average: 754.38 (+6.91, +0.92%)
S&P Composite: 82.83 (+1.17, +1.43%)
Arms Index: 0.67

	Issues	Volume*
Advances	997	12.55
Declines	363	3.06
Unchanged	258	1.33
Total Volume		16.94

* 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 22, 1970	747.47	81.66	12.11
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