News stories from Friday September 25, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The U.S. has information that the Soviets are building a submarine base in Cuba. and President Nixon warned Cuba to halt construction of the base. There are no Soviet missile submarines in Cuba yet. [CBS]
- A cease-fire has been proclaimed in Jordan; 38 American hostages are still being held by the Palestinians. [CBS]
- The White House remains concerned over the Soviet role in the Mideast. The U.S. wants to create a demilitarized zone and establish a U.S.-Soviet peace force; the USSR may be warming up to the plan.
Presidential adviser Henry Kissinger is in Paris to review a Viet Cong peace proposal for Vietnam.
[CBS] - Six U.S. helicopters were downed in Vietnam. [CBS]
- A federal judge has denied Lt. William Calley a trial as a civilian. [CBS]
- Armed guards on U.S. airplanes will shoot hijackers if necessary, although Transportation Secretary John Volpe says that shooting is a last resort. The FBI and the military opposed providing guards for planes, but President Nixon ordered them to. [CBS]
- In St. Louis, a suitcase headed for an Eastern Airlines plane exploded on a conveyor belt. A woman had checked two bags containing several weapons; a shotgun exploded. [CBS]
- The Campus Unrest Commission will release its report soon. [CBS]
- The prosecution presented evidence at Charles Manson's murder trial. Barbara Hoyt described a conversation between Susan Atkins and another member of the Manson "family" about Sharon Tate before the murders. [CBS]
- Boston police commissioner Edmund McNamara blamed radical revolutionaries for a bank robbery in which a guard was killed. Arms stolen from the Newburyport, Massachusetts, National Guard armory were found in one suspect's apartment. [CBS]
- Two female Black Panthers pleaded guilty to reduced charges in connection with the murder of police informant Alex Rackley. [CBS]
- Arson is suspected in some California forest fires; three major fires are currently burning out of control. [CBS]
- German novelist Erich Maria Remarque has died at 72. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 761.77 (+2.46, +0.32%)
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 24, 1970 | 759.31 | 83.91 | 21.34 |
| 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 |