News stories from Thursday April 30, 1970

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

President Nixon will brief Congress and the nation regarding Cambodia tonight. He is expected to cite Communist activity and the danger to South Vietnamese and Americans as reasons for the incursion. Great Britain is withholding support of the move, and the Soviet delegation in Paris charged that the U.S. is violating the 1954 Geneva treaty. [CBS] Geography and the previous Cambodian involvement in the war make its claim of neutrality impossible now. Prince Sihanouk balanced the Communists and the U.S. but the new regime changed that balance. North Vietnam and the Viet Cong increased their action in Cambodia and South Vietnam countered. The U.S. must save Lon Nol's government or let the Communists have Cambodia. [CBS] Egypt claims to have inflicted heavy Israeli casualties in a raid across the Suez; Israel denies the report. [CBS] Russia denied reports that Soviet pilots are flying for Egypt in its conflict with Israel. [CBS] A U.S. military C-123 plane crashed in Uruguay while being shown to the Uruguay air force. [CBS] Bethlehem Steel announced a 4.7% price increase due to a decrease in first quarter earnings. [CBS] Forty-one people were injured when tornadoes hit Oklahoma. $2 million damage was caused by two twisters that hit Oklahoma City. [CBS] A 1951 FDA study showed that cyclamates may cause cancer but a bureaucrat altered the findings, allowing use of the sweetener untll its 1969 ban. Now scientists' findings go straight to top officials. [CBS] The American Cancer Society won't let the tobacco industry see all of its data on the alleged cigarette-cancer link. The industry suspects that the anti-smoking campaign is just a publicity gimmick. [CBS] The Senate Judiciary Committee will vote on Harry Blackmun's Supreme Court nomination Tuesday; confirmation seems certain. [CBS] On a second day of violence at Ohio State University, the National Guard and police fought with students. Classes are closed because of tear gas; there have been 300 arrests, 80 injuries and seven gunshot wounds. A curfew is in effect tonight. [CBS] In New Haven, Connecticut, officials are preparing for a May Day pro-Black Panther rally. The National Guard has been mobilized, and paratroopers and Marines are standing by; 35,000 demonstrators are expected. Students question the fairness of the Black Panther trial, but want a peaceful protest. [CBS] Baltimore police rounded up Black Panthers who are suspected of the torture and murder of a Panther member last July. [CBS] Senator John McClellan's committee is investigating bombings in America. There were 2,500 last year and they may be a part of revolutionary terrorism. [CBS] Actress Inger Stevens has died at age 35; the cause of death is unknown. [CBS] The Massachusetts Attorney General sees no likely prosecution of Senator Edward Kennedy in the Mary Jo Kopechne case. Publication of the inquest transcript prevents new charges without new facts. [CBS]

Stock Market Report

Dow Jones Industrial Average: 736.07 (-1.32, -0.18%)
S&P Composite: 81.52 (-0.29, -0.35%)
Arms Index: 1.67

	Issues	Volume*
Advances	674	3.42
Declines	646	5.46
Unchanged	258	1.00
Total Volume		9.88

* 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*
April 29, 1970	737.39	81.81	15.80
April 28, 1970	724.33	80.27	12.62
April 27, 1970	735.15	81.46	10.24
April 24, 1970	747.29	82.77	10.41
April 23, 1970	750.59	83.04	11.05
April 22, 1970	762.61	84.27	10.78
April 21, 1970	772.51	85.38	8.49
April 20, 1970	775.87	85.83	8.20
April 17, 1970	775.94	85.67	10.99
April 16, 1970	775.87	85.88	10.25