News stories from Wednesday September 30, 1970

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

14 Air Force Academy cadets are being investigated for drug use; drug use by the U.S. military has been increasing. [CBS] Comedian Edward Everett Horton died today of cancer at age 84. [CBS] Vice President Spiro Agnew said that Republican Senator Charles Goodell is part of the liberal-radical coalition; Goodell isn't worried. [CBS] Presidential counselor Robert Finch said that Vice President Agnew's criticism of the Campus Unrest Commission's report is unfounded. [CBS] A dynamite truck exploded in Springfield, Missouri. Sniper fire is suspected; six people have been arrested. The suspects are being charged with second-degree murder. [CBS] The FDA now requires that all new eyeglasses be made with laminated glass, tempered glass, or plastic. [CBS] The Interstate Commerce Commission is allowing the Penn Central Railroad to drop long distance passenger routes. [CBS] The wholesale price index went up 0.4% last month. [CBS] Cairo is preparing to bury President Gamal Abdel Nasser. No political leader is set to replace Nasser; a struggle is likely to ensue.Jordan's King Hussein and guerrilla leader Yasser Arafat are in Cairo for the funeral. Hussein called Nasser's death a tragic loss. [CBS] Britain freed Arab hijacker Leila Khaled, and other countries will free Arab prisoners; the released American hostages are en route to New York City. [CBS] Jordanian guerrillas claim that the Army attacked two towns in north Jordan, violating the truce. [CBS] Before leaving for Yugoslavia, President Nixon was in Naples, Italy, where he met with American ambassadors and European military leaders and reiterated his support for NATO. [CBS] President Nixon met Yugoslavian President Tito in Belgrade; serious talks start tomorrow. Tito feels it is more important to meet with Nixon than to attend Gamal Abdel Nasser's funeral, though Nasser was Tito's friend. [CBS] The Presidential Commission on Pornography wants censorship laws to be relaxed. The Commission says that adults should have free access to pornography and also called for an increase in sex education. [CBS]

Stock Market Report

Dow Jones Industrial Average: 760.68 (-0.20, -0.03%)
S&P Composite: 84.21 (-0.09, -0.11%)
Arms Index: 1.19

	Issues	Volume*
Advances	681	5.95
Declines	647	6.73
Unchanged	275	2.15
Total Volume		14.83

* 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 29, 1970	760.88	84.30	17.88
September 28, 1970	758.97	83.86	14.39
September 25, 1970	761.77	83.97	20.47
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