News stories from Tuesday October 20, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- There were nine more brutal murders in California; Dr. Victor Ohta and his family were slain in Soquel. Ohta, his wife, two kids and a secretary were killed in Ohta's $150,000 mountain estate, then the home was burned. The fire chief said that he found five bodies in the swimming pool, the victims were bound and had been shot in the back. A few hours later, a gas station attendant 20 miles north of Soquel was shot the same way.
Three persons are being held in Paso Robles, California, for other murders. Ronald Barnes, his wife and daughter were killed yesterday; John Archerd and his two teenage half-brothers are suspected; the killers apparently knew the victims.
[CBS] - President Nixon campaigned in the Midwest and South. In a Kansas City hospital the President visited bomb victims, policemen Kenneth Flemming and Charles Robinson. In Johnson City, Tennessee, Nixon criticized television's presentation of violence and militant youth as if they were the majority. The President campaigned for Rep. Bill Brock against Senator Albert Gore; Nixon has marked Gore for political extinction. Brock is running a low-key campaign; Gore says he's the prime target of Nixon's "Southern strategy." [CBS]
- Vice President Spiro Agnew wants a government-sponsored television panel to expose the prejudices of television newsmen. [CBS]
- Mrs. Lyndon Johnson said that the former President was frustrated with the Vietnam war in 1965. She claims that Richard Nixon supported Lyndon Johnson in 1966. [CBS]
- Algeria has granted political asylum to LSD advocate Timothy Leary and his wife; Leary will work with Black Panther Eldridge Cleaver. [CBS]
- Washington police exposed five employees and three others as part of a drug ring at Walter Reed Army Hospital. [CBS]
- At Kent State University, six students were arrested for arson after the ROTC building was burned. Students and faculty have asked for a federal grand jury to investigate the incident. [CBS]
- Alan and Margaret McSurely organized Appalachians against strip mining. Police seized leftist literature in their home, but a court ruled that it was personal property and returned it. The Senate then subpoenaed the material for their probe into urban disorders; the McSurelys refused. He received one year in jail and she got three months for contempt of Congress. [CBS]
- The funeral of Canadian Labor Minister Pierre Laporte was held today; many leaders attended. Police are still seeking his murderers. [CBS]
- At Fort Hood, Texas, Sgt. David Mitchell's prosecutor ended his case. A witness testified that he saw Mitchell fire into a ditch of Vietnamese civilians at My Lai, but said that he didn't see the targets. [CBS]
- President Nixon will meet with Soviet Foreign Minister Andrei Gromyko to discuss the Mideast; the UAR and Israel seem to be preparing for new hostilities. United Arab Republic President Anwar Sadat named moderate Mahmoud Fawzi as Premier. [CBS]
- Rep. David Pryor of Arkansas is investigating nursing homes; witnesses described bad conditions. Pryor charges that the federal government is not using its $2 billion per year investment to make conditions better. [CBS]
- TWA stewards and stewardesses are on strike; flights have been canceled. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 758.83 (+2.33, +0.31%)
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 19, 1970 | 756.50 | 83.15 | 9.89 |
| October 16, 1970 | 763.35 | 84.28 | 11.30 |
| October 15, 1970 | 767.87 | 84.65 | 11.25 |
| 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 |