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Friday November 13, 1970
. . . where the 1970s live forever!

News stories from Friday November 13, 1970


Summaries of the stories the major media outlets considered to be of particular importance on this date:

  • Army deserter Joseph Parra was convicted of selling LSD and expelled from Sweden; he faces a U.S. court-martial. [CBS]
  • An American reconnaissance plane was downed over North Vietnam. Defense Secretary Melvin Laird stated that the U.S. will take action against North Vietnam if it happens again. [CBS]
  • Yippie Jerry Rubin was arrested in Northern Ireland and agreed to leave the country. [CBS]
  • Syrian Defense Minister Hafez al-Assad carried out a military coup. The new government will be led by moderate Foreign Minister Mustafa el Said. [CBS]
  • Minneapolis police broke up a plot to kidnap the governor and hijack a plane in order to get Angela Davis freed. Ronald Reed was arrested for a bank robbery and for attempted murder; he had plans for a subversive plot. [CBS]
  • An Eastern Airlines jet was hijacked to Cuba with 82 persons on board. [CBS]
  • The United Auto Workers are threatening to strike Ford Motor Company on December 7 if the company doesn't agree to a contract similar to the one between the UAW and General Motors. [CBS]
  • The government is suing Humble Oil Company for not installing safety valves on offshore oil rigs. [CBS]
  • The Interior Department intends to auction oil fields before releasing an oil spillage report. Environmental leaders want the report to be released first. [CBS]
  • Climbers Warren Harding and Dean Caldwell refused a rescue attempt while climbing El Capitan Mountain in Yosemite National Park. They have run short of food after three weeks, but the men think they can reach the top next week if the weather holds. [CBS]
  • Scripps Howard News reported that a government commission recommends a new Panama Canal to be built at sea level. [CBS]
  • Chile and Cuba have formed diplomatic relations. Communist China may get a seat in the United Nations soon, as support from Western nations in increasing. Cuba wants a revolution in Latin America and urged the Marxist government of Chile to start a blood bath. [CBS]
  • The Tupamaros terrorists in Uruguay escaped with $6 million from a bank located next door to the national police headquarters. [CBS]
  • University of California-Berkeley chancellor Roger Heyns has resigned to teach at the University of Michigan. Both left and right-wing radicals tore the Berkeley school apart during Heyns' tenure. [CBS]
  • Boy Scout James Clark was denied the rank of Eagle Scout for being an atheist. Clark says that he's reverent, but doesn't accept organized religion. [CBS]


Stock Market Report

Dow Jones Industrial Average: 759.79 (-8.21, -1.07%)
S&P Composite: 83.37 (-0.78, -0.93%)
Arms Index: 1.78

IssuesVolume*
Advances3581.85
Declines9779.01
Unchanged2761.02
Total Volume11.88
* in millions of shares

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
DateDJIAS&PVolume*
November 12, 1970768.0084.1512.52
November 11, 1970779.5085.0313.52
November 10, 1970777.3884.7912.03
November 9, 1970777.6684.6710.89
November 6, 1970771.9784.229.97
November 5, 1970771.5684.1010.80
November 4, 1970770.8184.3912.18
November 3, 1970768.0784.2211.76
November 2, 1970758.0183.519.47
October 30, 1970755.6183.2510.52


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