News stories from Thursday September 24, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- 60 Americans and other foreigners have left Jordan. But King Hussein is in control of the country, and the White House is relieved. Syrian forces have withdrawn from Jordan due to heavy losses and the fear of Israeli intervention. [CBS]
- Communists blocked a Cambodian offensive and cut a supply route. [CBS]
- 3,000 Catholic priests signed an anti-war statement. [CBS]
- Japan reported that U.S. B-52s will be withdrawn from Okinawa. [CBS]
- Senator Thomas Dodd proposed honorable discharges for drug addicts in the military, so they can use V.A. hospitals to kick their drug habit. [CBS]
- Attorney General John Mitchell reported that serious crime is up 11% this year. [CBS]
- The state of Texas is holding three suspects who are wanted in the University of Wisconsin bombing. [CBS]
- The Campus Unrest Commission report is being delayed. The report will defend dissent and criticize the Nixon administration for increasing youth alienation. The President may bury the report beneath news of his European tour. [CBS]
- Cuba has released hijacker Robert Labadie and returned him to the United States; it is the first time in at least 10 years that Cuba has honored a U.S. request for the release of an American hijacker. Labadie will be prosecuted and faces a possible death sentence.
Cuba charges that some hijackers are actually CIA agents.
[CBS] - Irish Airlines blamed a structural defect for an explosion as their Boeing 707 neared London; there were only minor injuries. [CBS]
- The unmanned spacecraft "Luna 16" successfully brought moon dust back to the Soviet Union. [CBS]
- House leaders are delaying action on the import quota bill. [CBS]
- Power shortages in the Northeast have been eased. [CBS]
- A fuel shortage is feared for this winter. Some towns and power companies are reporting a scarcity of fuel; too much fuel is being exported to Japan for higher prices. There is no immediate danger, but power costs are increasing.
A cold winter is predicted for the East and South.
[CBS] - Assistant Labor Secretary Arthur Fletcher says that labor unions discriminate and just pay lip service to the concept of equal employment. [CBS]
- Senator Birch Bayh is blocking Senate action in order to force a vote on electoral reform. [CBS]
- General Motors reports that their new cars will cost an average of $136 more due to the demands of labor and anti-pollution requirements. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 759.31 (+4.93, +0.65%)
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 23, 1970 | 754.38 | 82.83 | 16.94 |
| 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 |