News stories from Friday December 18, 1970

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

Government tanks and troops suppressed riots in Poland. Rioters in Gdansk who were protesting increased food prices burned buildings and looted stores. [CBS] Fred Eidlin, an American who worked for Radio Free Europe, was sentenced to four years in prison for subverting the Czechoslovakian government. [CBS] Two Viet Cong rockets hit Saigon, killing one person and injuring four as Radio Hanoi called for a major Communist offensive. The U.S. and South Vietnam have ordered a 24-hour cease-fire for Christmas, not including Laos and Cambodia. Cambodian troops cleared Highway 7. [CBS] Attorney F. Lee Bailey blamed faulty intelligence for Capt. Ernest Medina's order to kill all Vietnamese at My Lai. [CBS] The chemical NTA, which is replacing phosphates in detergents, causes birth defects in rats; its effect on humans is unknown. Surgeon General Jesse Steinfeld says that NTA poses no proven danger to man but suggests that it not be used under certain conditions. [CBS] President Nixon ordered that military germ weapons be destroyed. They will be burned and neutralized by chemicals. [CBS] The Atomic Energy Commission reported that 600 workers were evacuated after a nuclear test in Nevada. Radiation leaked 8,000 feet into the air. [CBS] The U.S. and USSR ended the third round of the Strategic Arms Limitation Talks and vowed to decrease the arms race. [CBS] Congress approved the clean air bill which requires pollution-free cars by 1975. [CBS] Attorney General John Mitchell is suing the Jones and Laughlin Steel corporation for water pollution in Cleveland, Ohio. [CBS] A Senate committee blamed former Deputy Defense Secretary Roswell Gilpatric for the F-111 fiasco and charged him with conflict of interest. [CBS] 3,200 special panels currently advise the President; the House wants to create a new panel to decide which panels are needed. [CBS] Former Army intelligence agent John O'Brien claims that he spied on Senator Adlai Stevenson and others for the Army. [CBS] Vandals destroyed draft files in Union City and Elizabeth, New Jersey; a group called the "Hoover Vacuum Conspiracy" was reportedly responsible. [CBS] Mrs. William Peters, the daughter of Joseph Stalin, is pregnant and living in Arizona. [CBS] A New York grand jury indicted Hobart College for failing to control teachers and students in a confrontation with police last June. [CBS]

Stock Market Report

Dow Jones Industrial Average: 822.77 (+0.62, +0.08%)
S&P Composite: 90.22 (+0.20, +0.22%)
Arms Index: 0.79

	Issues	Volume*
Advances	777	8.09
Declines	549	4.49
Unchanged	329	1.78
Total Volume		14.36

* 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
Date	DJIA	S&P	Volume*
December 17, 1970	822.15	90.02	13.66
December 16, 1970	819.07	89.72	14.24
December 15, 1970	819.62	89.66	13.42
December 14, 1970	823.18	89.80	13.81
December 11, 1970	825.92	90.26	15.79
December 10, 1970	821.06	89.92	14.61
December 9, 1970	815.24	89.54	13.55
December 8, 1970	815.10	89.47	14.37
December 7, 1970	818.66	89.94	15.53
December 4, 1970	816.06	89.46	15.98