News stories from Monday January 19, 1970

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

President Nixon nominated G. Harrold Carswell for a seat on the Supreme Court to replace the nomination of Clement Haynsworth, who was rejected by the Senate.The Supreme Court ruled that the Selective Service may not draft men as punishment for them violating draft laws. The Court also found that Negroes have been excluded from juries in Georgia and Alabama, but refused to strike down those states' jury laws, stating that the laws themselves are not discriminatory. Florida Governor Claude Kirk told the Supreme Court that school districts in his state can't meet the deadline for desegregation. [CBS] The 91st Congress returned, with the Democrats headed for a showdown with the President over unfinished legislation. Two-thirds of the President's requests from last year have not been acted on. [CBS] The cost of living went up last month. The increase came in almost all categories, especially food. [CBS] Near Danang, South Vietnam, four children were killed as they played with Marines and a grenade was tossed into the schoolyard; all of the Marines were wounded. [CBS] Newsmen are still unable to survey the area that once was Biafra so whether or not there is mass starvation remains a mystery. Nigerians are wary of outside help for the Biafrans. [CBS] After suspending peace talks between the United States and China, Peking has now agreed to resume the meetings and permit Western correspondents. [CBS] Walter Ulbricht, the Communist leader of East Germany, held a news conference and stated his demand for full diplomatic recognition from West Germany. [CBS] Vice President Spiro Agnew returned from his Asian tour and spoke with Secretary of State William Rogers about Vietnam. [CBS] American, TWA, and United Airlines asked the Civil Aeronautics Board to establish a two-drink limit on liquor for passengers on domestic flights. [CBS] Hal March, known as the master of ceremonies on TV's "$64,000 Question", died today. James B. Donovan, the lawyer who negotiated the Francis Gary Powers-Rudolf Abel spy swap, died today too. Donovan also negotiated the ransom of the Bay of Pigs prisoners from Cuba. [CBS] Senator Richard Russell, who served on the Warren Commission, says he feels that someone worked with Lee Harvey Oswald in planning the assassination of President Kennedy. [CBS] At Danang, a court-martial acquitted 31-year-old Marine Capt. Robert Poolaw of charges of murdering a North Vietnamese prisoner. Lt. William Calley is also charged with murdering a civilian six weeks before the My Lai incident. Calley's lawyer charged that statements made by President Nixon and others have prejudiced Calley's case. [CBS] The inquest into the death of two Black Panthers in Chicago continued. The defense produced a door panel from the apartment and said it indicates that the police were the aggressors in the attack on Panther headquarters. [CBS] Multi-millionaire Michael Brody claims that he has ended the Vietnam war and has jets standing by to bring American troops home. [CBS]

Stock Market Report

Dow Jones Industrial Average: 776.07 (-6.53, -0.83%)
S&P Composite: 89.65 (-1.27, -1.40%)
Arms Index: 1.63

	Issues	Volume*
Advances	415	1.89
Declines	895	6.63
Unchanged	271	0.99
Total Volume		9.51

* 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*
January 16, 1970	782.60	90.92	11.94
January 15, 1970	785.04	91.68	11.12
January 14, 1970	787.16	91.65	10.38
January 13, 1970	788.01	91.79	9.87
January 12, 1970	790.52	91.70	8.90
January 9, 1970	798.11	92.40	9.38
January 8, 1970	802.07	92.68	10.67
January 7, 1970	801.81	92.63	10.01
January 6, 1970	803.66	92.82	11.46
January 5, 1970	811.31	93.46	11.49