News stories from Monday January 5, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Joseph Yablonski, a well known figure in the United Mine Workers, and his wife and daughter were found dead in their Clarksville, Pa., home. Yablonski lost the election for the union presidency to Tony Boyle last December. Police are calling the deaths murders; all of the victims had been shot and the telephone lines were cut. Joseph Yablonski, Jr. felt that his family was in danger at the beginning of the election. [CBS]
- An inquest began in Edgartown, Massachusetts, into the death six months ago of Mary Jo Kopechne, who died in Senator Edward Kennedy's car. The press and public were barred from the courtroom. Kennedy stated that the outcome of the inquest won't affect his interest in running for re-election. [CBS]
- Four persons were arrested in the federal crackdown of a gambling ring which reportedly made connections with sports figures. Arrests were made in Biloxi, Mississippi and New York City. The arrests were made based on information supplied by former major league pitcher Dizzy Dean. [CBS]
- The Nixon administration is trying to recover more than $500,000 in government loans which were made to firms connected to the underworld. Hilary Sandoval, head of the Small Business Administration, said that he limited the powers of the S.B.A. chief in New Orleans, J.B. Alexander, due to questionable transactions. [CBS]
- School districts in Mississippi began desegregation under orders from the Supreme Court. Now that shools have re-opened after Christmas, a number of all-white private schools suddenly exist. Governor John Bell Williams on Saturday night made an appeal for patience and non-violence. [CBS]
- The Viet Cong announced a four-day truce during Tet (the Lunar new year). In 1968 the Communists violated their own truce to launch the biggest offensive of the war.
The South Vietnamese Senate rejected the language of a report by its defense committee that the civilian slayings at My Lai constituted a massacre. An opposition Senator accused President Nguyen Van Thieu's regime of trying to cover up the story.
[CBS] - The U.S. aid mission in Saigon issued a report stating that South Vietnam made progress last year in stabilizing the economy, improving farm production and public services and building up industry. [CBS]
- Vice President Spiro Agnew visited Nepal and received a generally warm welcome there, though a small anti-American demonstration occurred close to the capital. Astronauts Thomas Stafford and Eugene Cernan presented the King with a moon rock. Agnew's next stop is Afghanistan, where Peace Corps workers plan to demonstrate against American involvement in South Vietnam. [CBS]
- Leaking oil wells continue to cause damage off the coast of Santa Barbara, California. Oil slicks have drifted nearly 100 miles to Santa Catalina Island. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 811.31 (+2.11, +0.26%)
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* |
| January 2, 1970 | 809.20 | 93.00 | 8.06 |
| December 31, 1969 | 800.36 | 92.06 | 19.38 |
| December 30, 1969 | 794.68 | 91.60 | 15.80 |
| December 29, 1969 | 792.37 | 91.25 | 12.51 |
| December 26, 1969 | 797.65 | 91.89 | 6.75 |
| December 24, 1969 | 794.15 | 91.18 | 11.67 |
| December 23, 1969 | 783.79 | 90.23 | 13.89 |
| December 22, 1969 | 785.97 | 90.58 | 12.68 |
| December 19, 1969 | 789.86 | 91.38 | 15.42 |
| December 18, 1969 | 783.79 | 90.61 | 15.95 |