News stories from Monday August 31, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- In Paris, U.S. Congressman Roger Zion received a film of prisoners of war from North Vietnam. 75 POWs are in the film, 14 of whom have been identified so far. Viewers who recognize any of the unidentified men are asked to contact military authorities. [CBS]
- Communists hit Srang, Cambodia. [CBS]
- South Vietnam election results yielded one state to Nguyen Van Thieu's regime, one to a moderate, and one to the Buddhist opposition; government policy remains the same. [CBS]
- Thirteen policemen have been shot in New York City, Philadelphia, and Riverside, California over the last three days; one died. In Philadelphia, an unarmed policeman was killed; two suspects were arrested. Police raided Black Panther offices and arrested 15. Mayor Frank Rizzo dared black militants to "take on" the police.
In Riverside, four policemen were shot in an ambush; Chicano revolutionaries are believed to be responsible. In New York City, two more policemen were wounded in an ambush; three have been killed and 43 injured so far this year.
No one thinks there is a central conspiracy; the shootings are just local incidents.
[CBS] - Police and Black Panther supporters had fistfights in Trenton, N.J.; Panthers were protesting the arrest of three of their members for assaulting officers. Police staged a one-hour wildcat strike to protest the mayor's role in the incident. [CBS]
- Black Panther Lonnie McLucas has been convicted by a jury in New Haven, Connecticut, of murdering police informer Alex Rackley; McLucas was acquitted of other charges. [CBS]
- The Israeli cabinet is still split over Mideast peace talks. Defense Minister Moshe Dayan wants United Arab Republic missiles moved back from the Suez Canal before talks resume; the UAR charged Israel with stalling in order to get more U.S. arms. [CBS]
- The first tests of the Safeguard anti-ballistic missile were successful. [CBS]
- The Air Force reported that a disintegrating Soviet satellite sprayed the American Southwest with chunks of hot metal. [CBS]
- Indonesian rebels stormed the Indonesian embassy in the Netherlands, killing a guard and taking the ambassador's wife and one other hostage. The rebels eventually surrendered to police, demanding amnesty and a conference with Indonesian President Suharto. Suharto has delayed his visit to the Netherlands due to the incident. [CBS]
- As southern school desegregation begins, the Supreme Court announced that it will start hearing cases on October 12. [CBS]
- The American Legion convention in Portland, Oregon continued without incident. Radicals planned to protest at the Legion parade but a state-sponsored rock festival outside of town lured demonstrators away. [CBS]
- Farm prices are down 3%; small farmers are being hurt. [CBS]
- Vice President Spiro Agnew returned from his Asian tour. The White House is pleased with Agnew's performance despite a couple slips of the tongue. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 764.58 (-1.23, -0.16%)
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 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 |
| August 17, 1970 | 709.06 | 75.33 | 6.94 |