News stories from Wednesday September 2, 1970

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

The United States confirmed United Arab Republic and Soviet violations of the Mideast cease-fire; the UAR and Soviets charged Israel with undermining the peace talks. There are 30-40 new United Arab Republic missiles sites on the Suez Canal since August 1; the U.S. is selling electronic missile jamming equipment to Israel but Israel also wants air-to-ground missiles. [CBS] The Israeli cabinet remains split on resuming peace talks. Defense Minister Moshe Dayan says that if the United States doesn't halt United Arab Republic movement of missiles then Israel will; Dayan threatened to resign if no action is taken.Most Israelis never approved of the U.S. Mideast peace plan. The Gahal Party protested the plan and party leader Menachem Begin has denounced the U.S.' inaction on Israel's behalf. [CBS] Palestinian guerrillas fought Jordanian troops in Amman; King Hussein warned Iraq not to send troops to support the guerrillas. [CBS] North Vietnam Paris Peace talks negotiator Xuan Thuy rejected a U.S. plan for an Indochina cease-fire. [CBS] Communists still hold Srang, Cambodia; Cambodian religious leaders denounced the Communists for marring temples and killing monks and priests. [CBS] The Soviets have sent ships to the Caribbean, possibly to participate in Cuban military maneuvers. [CBS] A mental patient threw stones at Pope Paul, but missed. [CBS] Vice President Spiro Agnew spoke to the American Legion convention in Portland. Agnew said that soldiers oppose Senate doves and he derided Senator William Fulbright. [CBS] The FBI has obtained arrest warrants for four suspects in the University of Wisconsin bombing; Defense Secretary Melvin Laird says that military research projects on campuses may be moved to safer locations. [CBS] Nebraska state prison guards fired into maximum security cells, forcing inmates to free two guards who were being held hostage. [CBS] Astronaut Frank Borman reported no breakthroughs on his world tour to try to get help for American POWs. [CBS] NASA has cut two Apollo moon shots in order to rush the Skylab project. [CBS] It was reported that the United Auto Workers may strike against Chrysler or General Motors, but not Ford. [CBS] Indians have seized Mt. Rushmore, claiming that the Black Hills are theirs; they renamed Mt. Rushmore "Crazy Horse Mountain". The National Park Service said that courts haven't determined who owns the land, so there is a 50% chance that Indians really do own it. [CBS] Football coach Vince Lombardi is reportedly near death with cancer. [CBS] Businesses are cutting back expansion plans, expecting the economic slump to continue. [CBS]

Stock Market Report

Dow Jones Industrial Average: 756.64 (-1.51, -0.20%)
S&P Composite: 80.96 (+0.01, +0.01%)
Arms Index: 0.75

	Issues	Volume*
Advances	587	4.59
Declines	658	3.86
Unchanged	312	1.27
Total Volume		9.72

* 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*
September 1, 1970	758.15	80.95	10.44
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