News stories from Wednesday January 7, 1970

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

United Mine Workers president Tony Boyle was questioned about Joseph Yablonski's murder. Boyle defeated Yablonski in a bitter election last year, but said that union politics had nothing to do with Yablonski's death. It is known that at least two people were in on the murder because bullets from two weapons were found.Pennsylvania, West Virginia and Ohio coal miners stayed off the job. Rep. Ken Hechler of West Virginia said that the men are determined to see these murders solved and clean up their union. Hechler associated the murder with Yablonski's unsuccessful bid for union president. [CBS] A spokesman for the federal task force dealing with the professional sports gambling case denied that two pro football quarterbacks are to be questioned. Joe Namath refused to comment, and Len Dawson stated that he had not been contacted by any law enforcement agency. Sources close to pro football and bookmakers are convinced that there has been no hanky-panky regarding game or point spread fixing. An unexplainable fluctuation in the point spread and the loss of Kansas City to the New York Jets in September, 1968 was the game that brought on the first investigation of Kansas City QB Len Dawson. Commissioner Pete Rozelle announced that Dawson took a lie detector test and passed it. [CBS] Enemy infiltration into South Vietnam dropped last year. Communists are switching from large unit operations to small hit-and-run raids aimed at American positions. [CBS] Congressman John Moss may go to Vietnam to investigate charges of censorship against the American military radio and television network. His staff is already gathering information on the removal of two Army specialists from broadcasting assignments. [CBS] Vice President Spiro Agnew's Asian trip has taken him to Malaysia, where there were some protests of his visit. [CBS] At today's inquest, two close friends of Senator Kennedy, Joseph Gargan and Paul Markham, said that they did not report the incident of Mary Jo Kopechne's drowning because they believed that Kennedy would. The diver who pulled Kopechne's body out of the water feels that she could have been saved if he had been called in time. [CBS] Defense Secretary Laird revised his estimate on when Russia will have a strategic missile force capable of knocking out U.S. missiles in a surprise first strike. If the Soviet threat continues to grow at its present rate, or if arms limitation talks are not productive, Laird said that President Nixon will have to consider expanding U.S. strategic weapons, particularly the Safeguard ABM. [CBS] David Sarnoff announced that he is resigning as chairman of the board of RCA because of illness. [CBS] In Petal, Mississippi, white parents are refusing to send their children to a previously all-Negro school. Of 30 Mississippi school districts which were ordered to desegregate this week, 19 have reopened although many white children have left to go to private schools. [CBS] Chicago police Sgt. Daniel Groth was the leader of the police squad that raided Black Panther headquarters last month. When asked why he didn't take tear gas instead of heavy arms, Groth replied that tear gas was not available. [CBS]

Stock Market Report

Dow Jones Industrial Average: 801.81 (-1.85, -0.23%)
S&P Composite: 92.63 (-0.19, -0.20%)
Arms Index: 1.50

	Issues	Volume*
Advances	639	3.52
Declines	650	5.38
Unchanged	296	1.11
Total Volume		10.01

* 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 6, 1970	803.66	92.82	11.46
January 5, 1970	811.31	93.46	11.49
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