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]
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Stock Market Report
Dow Jones Industrial Average: 822.77 (+0.62, +0.08%)
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 |