News stories from Tuesday September 1, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Fourteen Senators asked President Nixon to seek a cease-fire in Indochina since the McGovern-Hatfield amendment was defeated; they also want the Paris Peace Talks to be resumed. The McGovern-Hatfield amendment to end the war was soundly defeated by the Senate today. Vice President Spiro Agnew claims that a cease-fire proposal was already made at Paris, and he called the McGovern-Hatfield defeat a boost for the "Nixon Doctrine." [CBS]
- The Senate passed a $19 billion weapons bill which includes unlimited jet sales to Israel. [CBS]
- Two American units will disband and leave Vietnam; troop strength there will be down to 392,000. Some Viet Cong prisoners escaped from Phu Quoc Island. A Buddhist slate got the most total votes in the South Vietnam election but the government is unchanged. [CBS]
- The Pentagon has received 800 telephone calls from people who recognized prisoners of war on the North Vietnamese film that was recently obtained by a U.S. Congressman in Paris. [CBS]
- King Hussein of Jordan escaped an assassination attempt by Jordanian guerrillas. [CBS]
- The Israeli cabinet is still considering whether to resume the Mideast peace talks. [CBS]
- The World Health Organization reported the first outbreak of cholera south of Saharan Africa; the disease is spreading in Guinea. Israel reported its first cholera death. [CBS]
- A grand jury indicted two Augusta policemen for shooting blacks during racial trouble; the grand jury said that the victims' civil rights were violated. [CBS]
- Philadelphia police commissioner Frank Rizzo declared that there is a national plot by Black Panthers and other organizations to target the police, but New York City Mayor John Lindsay says there is no evidence of conspiracy. Los Angeles police chief Edward Davis says he thinks that organized Marxist groups are waging a revolution. New Haven, Connecticut, police chief James Ahern denied that there is any national conspiracy and said that he fears an overreaction by the police; Chief Ahern is a member of the Campus Unrest Commission. [CBS]
- The bombed University of Wisconsin Math Research Building was opened to the press today. A $1.5 million computer was demolished in the bombing, and total damage was $6 million. Years of research were destroyed; students and professors are seeking their data in the building. [CBS]
- As a result of recent incidents, the duties of the Secret Service have been extended to protecting visiting foreign dignitaries; that was formerly the State Department's job. [CBS]
- The United Auto Workers rejected contract offers from the auto industry. [CBS]
- Non-union farm workers workers picketed a lettuce farm in Salinas, California. [CBS]
- The Census shows that United States population is now 200.2 million, up 14% in the last decade. Commerce secretary Maurice Stans reported that population is up in the suburbs but down in rural areas; there is a general movement toward the coasts and the South. [CBS]
- Transportation Secretary John Volpe has formulated a policy for increased mass transit through the use of highway funds. [CBS]
- Communist terrorism is being launched in order to to affect elections in South Vietnam. The Viet Cong shelled and attacked an orphanage today, killing children. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 758.15 (-6.43, -0.84%)
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* |
| August 31, 1970 | 764.58 | 81.52 | 10.74 |
| August 28, 1970 | 765.81 | 81.86 | 13.82 |
| August 27, 1970 | 759.79 | 81.08 | 12.44 |
| August 26, 1970 | 760.47 | 81.21 | 15.97 |
| August 25, 1970 | 758.97 | 81.12 | 17.52 |
| August 24, 1970 | 759.58 | 80.99 | 18.91 |
| August 21, 1970 | 745.41 | 79.24 | 13.42 |
| August 20, 1970 | 729.60 | 77.64 | 10.17 |
| August 19, 1970 | 723.99 | 76.96 | 9.87 |
| August 18, 1970 | 716.66 | 76.20 | 9.50 |