News stories from Friday October 30, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Nixon is preparing a speech on law and order. Today in San Jose, California, a mob stoned the presidential motorcade and threw eggs and bottles at the President's car. Governor Ronald Reagan said that protestors don't want peace; Democratic Governor candidate Jesse Unruh also denounced the violence. Protest leaders claimed that their anger at seeing the President is what sparked the spontaneous violence. Democratic party chairman Lawrence O'Brien denounced the protestors; Vice President Spiro Agnew did too. [CBS]
- Republicans say that law and order is the major campaign issue; Democrats say the economy is. A recent poll shows what Americans consider to be the greatest problem facing the nation:
Vietnam, 15%
Law and order, 13%
Student protest, 10%
Drugs, 10%
Race, 10%
Unemployment and poverty, 4%.Americans are shifting to the right; 63% said that Kent State University students brought on their own deaths. Most voters base their views on party affiliation.
[CBS] - A student at Alabama State University was killed in a shootout after a campus dance. [CBS]
- The Associated Press reported that three Democrat representatives received $13,000 in campaign funds from the dairy industry despite being unopposed for re-election. Representatives W.R. Poage, Ed Jones and Bill Alexander received the funds. [CBS]
- Senator Thomas Dodd of Connecticut is fighting for his political life, running as an independent against Democrat Joseph Duffey and Republican Lowell Weicker. Dodd has denied illegally using campaign funds. Weicker says that he is concerned with issues, not parties; Vice President Agnew praised Weicker. [CBS]
- The United Auto Workers and General Motors imposed a news blackout as strike negotiations continue. [CBS]
- The Agriculture Department reported that prices paid to farmers were down 2% last month. [CBS]
- Safeway supermarkets will start unit pricing by weight or volume in order to make comparison shopping easier for customers. [CBS]
- The FAA now requires steeper jet takeoffs and landings in order to reduce noise and traffic with slower aircraft. [CBS]
- Charles Watson has been ruled insane and won't be tried for the Sharon Tate-Leno LaBianca murders. A psychiatrist called him a "human vegetable." [CBS]
- Communists hit American troops in South Vietnam; a monsoon stopped action in Cambodia. [CBS]
- 25 soldiers in Vietnam have died of drug overdoses this year, and 64 other drug-related deaths are suspected; heroin is readily available. [CBS]
- The South Vietnamese Supreme Court ordered President Nguyen Van Thieu's opponent, Tran Ngoc Chau, to be released from prison because his military trial was unconstitutional. [CBS]
- France criticized the U.S.' Mideast peace plan at the United Nations. [CBS]
- The Soviet Union allowed U.S. consultants to meet with the two American generals who are being held; the plane incident is still being investigated. [CBS]
- Soviet Foreign Minister Andrei Gromyko is in Bonn, West Germany, seeking to ease tension around Berlin. [CBS]
- In Harrisburg, Pa., Mamie Eisenhower campaigned in the Pennsylvania gubernatorial race. Mrs. Eisenhower said that she never made any campaign speeches for Ike. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 755.61 (+2.05, +0.27%)
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 29, 1970 | 753.56 | 83.36 | 10.44 |
| October 28, 1970 | 755.96 | 83.43 | 10.66 |
| October 27, 1970 | 754.45 | 83.12 | 9.68 |
| October 26, 1970 | 756.43 | 83.31 | 9.20 |
| October 23, 1970 | 759.38 | 83.77 | 10.27 |
| October 22, 1970 | 757.87 | 83.28 | 9.00 |
| 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 |