News stories from Friday October 2, 1970

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

In Madrid, President Nixon was greeted by Spanish dictator Francisco Franco; crowds were friendly. Nixon leaves for England and Ireland tomorrow; Irish security is the tightest ever for a visit by a foreign leader. [CBS] United Arab Republic and Soviet leaders met in Cairo. Health, Education and Welfare secretary Elliot Richardson stated that United Arab Republic leaders seem sincere in wanting the Mideast cease-fire to be extended. Israel won't resume peace talks until United Arab Republic missiles are rolled back from the cease-fire zone. [CBS] Soviet Communist party leader Leonid Brezhnev urged the U.S. to accept the Viet Cong peace offer; the Nixon administration may give Paris Peace Talks negotiator David Bruce a new plan. [CBS] Communists occupy the main highway between Saigon and Phnom Penh. [CBS] 32 members of the Wichita State University football team were killed in a plane crash in Colorado; 12 survived. [CBS] A U.S. transport plane is missing near Taiwan and may have crashed. [CBS] The National Transportation Safety Board stated that 747 jet engines are unsafe; the Federal Aviation Administration disputed the ruling. [CBS] The Pentagon has provided 800 air guards for civilian planes. [CBS] Mississippi Governor John Bell Williams defended his state's police. Williams said that the Campus Unrest Commission used the testimony of the lawbreakers but ignored police testimony. [CBS] Madame Nguyen Cao Ky tried to attend the Washington, DC pro-war rally in her husband's place, but her plane had engine trouble and the trip was canceled. [CBS] Republicans are split over New York Senator Charles Goodell. Many important Republicans back Goodell but Vice President Spiro Agnew is campaigning against him. Agnew says that he won't support a radical-liberal; Goodell says that Agnew is endangering the process of democracy.Democrat Rep. Richard Ottinger is opposing Goodell; both are doves. Goodell claims that he opposed the Vietnam war before Ottinger did. James Buckley is the Conservative Party candidate, and he supports President Nixon's war policy. Agnew will attend a fundraising dinner for Buckley. [CBS]

Stock Market Report

Dow Jones Industrial Average: 766.16 (+5.48, +0.72%)
S&P Composite: 85.16 (+0.84, +1.00%)
Arms Index: 0.72

	Issues	Volume*
Advances	954	11.00
Declines	388	3.24
Unchanged	257	1.19
Total Volume		15.43

* 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*
October 1, 1970	760.68	84.32	9.70
September 30, 1970	760.68	84.21	14.83
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