News stories from Tuesday October 13, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Canada has established diplomatic relation with Communist China; Nationalist China broke off relations with Canada. Canada's Minister for External Affairs said that the People's Republic speaks for China, and he wants it in the United Nations. Formosa's ambassador to Canada stated that Communist China supports Canadian terrorists.
A State Department spokesman reported that the Nixon administration is pleased with Canada's move and would openly approve it if not for this year's political campaign.
[CBS] - France and the Soviet Union will have their foreign ministers meet at least twice a year; a joint resolution from those two countries condemned foreign aggression in Indochina and urged the resumption of Mideast peace talks. [CBS]
- Canadian troops are protecting government officials from the Quebec Liberation Front (FLQ). Prime Minister Pierre Trudeau announced that he won't give the FLQ a victory by releasing FLQ bandits from jail, and that law and order are more important than weak-kneed people. [CBS]
- President Nixon and his staff briefed newsmen in Connecticut. The President and his advisers hope for a better Communist response to the Indochina peace plan. [CBS]
- General William Westmoreland supports an all-volunteer Army by mid-1973 but said that critics must stop downgrading professional soldiers. [CBS]
- George Latimer, the attorney for Lt. William Calley, says that General William Westmoreland is using Calley as a scapegoat. The judge at Sgt. David Mitchell's trial denied a defense request to subpoena CIA director Richard Helms; Mitchell's attorney is charging that the CIA ordered the 1968 My Lai massacre. [CBS]
- A bomb threat closed Dulles Airport near Washington, DC for one hour; no bomb was found. Security has been tightened at federal government buildings due to increased bombings. In New York City, government agencies are seeking increased funds for security; radicals say that tightening security is a prelude to revolution. [CBS]
- The Supreme Court debated school desegregation. Justice Hugo Black stated that he supports neighborhood schools and opposes busing to achieve racial balance. [CBS]
- The Senate added a rider to the women's rights amendment that would legalize prayer in public schools; the rider probably kills the bill. [CBS]
- The Senate rejected the report from the President's Commission on Pornography. [CBS]
- The House is limiting farm subsidies to $50,000 per farm; the bill now goes to the Senate. [CBS]
- Vice President Spiro Agnew announced that he won't run for President in 1976. [CBS]
- The Civil Rights Commission says that the "Chicago Plan" to get more blacks into construction illustrates the Nixon administration's civil rights shortcomings. The plan is nine months old and already failing; blacks get little training, and only two out of 19 unions have ratified the plan. Chicago Mayor Richard Daley is trying to pressure more unions to accept the plan. [CBS]
- A federal judge blocked the release of the House Internal Security Committee report on radical campus speakers after the ACLU obtained an injunction. [CBS]
- Soviet ships have left the Cuban port where submarine base construction was reported; the USSR denied reports of any sub base there. [CBS]
- The U.S. formally recognized the new leftist government of Bolivia. [CBS]
- A report states that United Arab Republic President Gamal Abdel Nasser has named former Vice President Zakariya Mohieddine as his successor, but Mohieddine is under house arrest due to Soviet veto of his nomination; Cairo denied the report. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 760.06 (-4.18, -0.55%)
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 12, 1970 | 764.24 | 84.17 | 8.57 |
| October 9, 1970 | 768.69 | 85.08 | 13.98 |
| October 8, 1970 | 777.04 | 85.95 | 14.50 |
| October 7, 1970 | 783.68 | 86.89 | 15.61 |
| October 6, 1970 | 782.45 | 86.85 | 20.24 |
| October 5, 1970 | 776.70 | 86.47 | 19.76 |
| October 2, 1970 | 766.16 | 85.16 | 15.42 |
| 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 |