News stories from Thursday October 22, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Nixon and Soviet Foreign Minister Andrei Gromyko discussed U.S.-Soviet relations, the Mideast and other world problems in Washington. Cuba and a U.S.-Soviet summit meeting were not discussed. [CBS]
- The plane which was carrying two American generals landed in the USSR after getting lost in storms over Turkey. [CBS]
- Democrat party chairman Lawrence O'Brien charged that the Nixon administration is waging a campaign of fear and playing on national doubts. O'Brien denounced the politics of fear and said that the administration is not solving problems, but using them for political gain. [CBS]
- Vice President Spiro Agnew endorsed Iowa television newscaster Cole McMartin for Congress against incumbent Democrat John Culver. [CBS]
- More Americans have now been wounded in Vietnam than were wounded in all of World War I; since 1965, 17,000 Americans were disabled. [CBS]
- The trial of Sgt. David Mitchell has been delayed due to the defense attorney's illness. [CBS]
- Chilean Army commander General Rene Schneider Chereau was wounded by a gunman. The attack may have been part of a right-wing plot against Marxist President Salvador Allende. [CBS]
- Costa Rica released four guerrilla prisoners in exchange for four American hostages on a Costa Rican plane which was hijacked to Cuba. [CBS]
- John Linley Frazier has been identified as one of the three "hippie-type" suspects in the murders of Dr. Richard Ohta and his family. [CBS]
- Seven San Francisco policemen have been murdered so far this year; the latest, officer Harold Hamilton, was killed on Monday. The church in which his funeral was to be held was bombed just prior to the services. Mayor Joseph Alioto denounced the attacks on policemen. Police are seeking two blacks and one Weather Underground terrorist for the church bombing. [CBS]
- The scheduled news conference with SDS-Weatherman Bernardine Dohrn and LSD advocate Timothy Leary was postponed; reporters doubt that the two really are in Algiers. [CBS]
- Tennessee monkey trial defendant John Scopes has died at the age of 70. Scopes challenged the law forbidding the teaching of evolution. William Jennings Bryan prosecuted and won the case over defense attorney Clarence Darrow. The trial was 45 years ago, but the law was repealed only two years ago. [CBS]
- Congress passed the $4.4 billion education bill over President Nixon's veto. Health, Education and Welfare Secretary Elliot Richardson reported that all of the money will be appropriated. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 757.87 (-1.78, -0.23%)
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 21, 1970 | 759.65 | 83.66 | 11.33 |
| October 20, 1970 | 758.83 | 83.64 | 10.63 |
| 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 |