News stories from Thursday October 15, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- North Vietnam and the Viet Cong formally rejected the U.S. peace plan. At the Paris Peace Talks, Communists denounced America's "pseudo-peace proposal"; U.S. officials think that the Communists may still negotiate. [CBS]
- Judge George Robinson ruled that My Lai witnesses who testified before a House committee can't testify in the court-martial unless the House releases their testimony; Sgt. David Mitchell's trial is being delayed by the ruling. [CBS]
- Quebec Liberation Front negotiator Robert Lemieux stated that the Canadian government knows where Labor Minister Pierre Laporte is being held, but doesn't know James Cross' location. Prime Minister Pierre Trudeau has troops guarding government buildings and officials; the government is opposed to capitulating to the kidnappers' demands.
Protests are planned at the University of Quebec although the university has banned demonstrations on campus. Trudeau has canceled his trip to Moscow; civil liberties may be suspended.
[CBS] - A father and son hijacked a Soviet plane, killing a stewardess and wounding two pilots and a passenger. They asked for political asylum in Turkey; the Turks arrested them. [CBS]
- The Soviets introduced their own Mideast peace plan; the U.S. says it's nothing new. Secretary of State William Rogers met with United Arab Republic Foreign Minister Mahmoud Riad today and he will meet with Soviet Foreign Minister Andrei Gromyko tomorrow and Monday. [CBS]
- Egyptians will vote on Anwar Sadat for president. The government has asked for a massive turn-out in the referendum; the government will be reorganized and the president won't have as much power as before. [CBS]
- President Nixon signed the anti-crime bill. The bill increases wiretaps, lets the FBI act on campuses and gives the death penalty for fatal bombings. [CBS]
- The FBI warned Congress and government officials that they may be targets for kidnappings. [CBS]
- House Internal Security Committee chairman Richard Ichord released a list of radical campus speakers although the ACLU tried to block its release. [CBS]
- 334 college students have lost federal financial aid for demonstrating. [CBS]
- The gross national product was up 1.4% this quarter, but industrial production was down 1.7% due to the UAW strike against General Motors. [CBS]
- American Julius Axelrod, Sir Bernard Katz, and Ulf Von Euler won the Nobel Prize for Medicine for their research on nerves. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 767.87 (+5.14, +0.67%)
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 14, 1970 | 762.73 | 84.19 | 9.92 |
| October 13, 1970 | 760.06 | 84.06 | 9.50 |
| 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 |