News stories from Friday October 16, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A grand jury has absolved the National Guard in the Kent State University shootings, indicted 25 students and agitators, and criticized the university administration. The jury charged the university with being too permissive with radicals. The names and charges against the people who were indicted was withheld.
A few hundred students protested the jury's findings. Campus Unrest Commission chairman William Scranton said that he will discuss the report with President Nixon.
[CBS] - Canadian Prime Minister Pierre Trudeau invoked the war emergencies act and outlawed the Quebec Liberation Front (FLQ); some civil rights have been suspended and troops are being mobilized. Police arrested FLQ members and sympathizers, including FLQ negotiator Robert Lemieux; 250 are in jail.
Attorney General John Mitchell said that the U.S. would not use the war emergency act against terrorists.
[CBS] - Turkey is considering asylum for the Soviet father and son who hijacked a plane, but may try the men for murder; the USSR wants to try them too. [CBS]
- The Pentagon is watching for possible Soviet submarine base construction in Cuba. [CBS]
- The judge in Sgt. David Mitchell's My Lai trial won't admit testimony from witnesses who spoke at the House investigation unless the House releases transcripts; Rep. Edward Hebert stated that he won't release the testimony.
The Jencks Act says that a defendant is entitled to see evidence which the government has against him. Hebert fears that the House testimony may prejudice the My Lai trials; but the judge's ruling may end the prosecution of all My Lai defendants.
Secretary of the Army Stanley Resor denied that General William Westmoreland knew about My Lai before the information was released.
[CBS] - The U.S. 25th Infantry Division and parts of the 4th Infantry and 5th Marine Regiment will leave Vietnam. [CBS]
- United Arab Republic Foreign Minister Mahmoud Riad said that American aid to Israel means the U.S. can't carry out its own peace plan. Riad denounced U.S. aid to Israel and Israeli aggression and said the Mideast peace talks are dead; the United Arab Republic may resume peace talks if Israel is willing. [CBS]
- Secretary of State William Rogers and Soviet Foreign Minister Andrei Gromyko will discuss the Mideast situation tonight. U.S.-Soviet relations are cold; Rogers may show photographic proof of UAR-Soviet cease-fire violations in the Mideast. A new cold war is possible; Berlin and Cuba may come up in the discussion. [CBS]
- The Philippine government reported that Communist guerrilla leader Pedro Taruc has been killed. [CBS]
- People are trying to prove that rock music is dangerous to health. A study in Denver, Colorado, shows that soft music helps plants grow but rock music kills them. A professor says that the test is a valid scientific experiment; the plants are trying to tell us something. [CBS]
- Former President Dwight Eisenhower's estate has been valued at $2.8 million. [CBS]
- A government study shows that about 50% of women drivers can't stop a car fast enough in an emergency; standards for brakes will be tightened. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 763.35 (-4.52, -0.59%)
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 15, 1970 | 767.87 | 84.65 | 11.25 |
| October 14, 1970 | 762.73 | 84.19 | 9.92 |
| October 13, 1970 | 760.06 | 84.06 | 9.50 |
| October 12, 1970 | 764.24 | 84.17 | 8.57 |
| October 9, 1970 | 768.69 | 85.08 | 13.98 |
| October 8, 1970 | 777.04 | 85.95 | 14.50 |
| October 7, 1970 | 783.68 | 86.89 | 15.61 |
| October 6, 1970 | 782.45 | 86.85 | 20.24 |
| October 5, 1970 | 776.70 | 86.47 | 19.76 |
| October 2, 1970 | 766.16 | 85.16 | 15.42 |