News stories from Tuesday December 15, 1970

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

The FDA took one million cans of tuna off the market because of possible mercury contamination. [CBS] The Justice Department is suing General Motors for polluting the Hudson River. [CBS] Terrorists bombed an American officers' quarters in Saigon; three people were injured. Two bombs killed 17 in the Mekong Delta and another bomb hit a restaurant in Phnom Penh, Cambodia. The Viet Cong called for continued assaults on Americans. [CBS] Cambodia claimed victory over Communist forces that were blocking Highway 7; fighting continues. [CBS] Defense Secretary Melvin Laird will visit Vietnam next month. Laird said that the Vietnam war is winding down and the U.S. will do everything necessary to end the war, but the last American forces won't leave Vietnam until the POWs are free. Laird stated that Vietnam troop withdrawals are on schedule. [CBS] A plane crash killed 10 Americans in Vietnam. Six others were killed by a U.S. mine near the DMZ. [CBS] Lt. William Calley's defense continued. Charles West testified that he was ordered to kill all Vietnamese in My Lai and he admitted killing civilians. [CBS] The Senate rejected a move to ban U.S. troops from Israel. [CBS] A House committee report stated that Supreme Court Justice William O. Douglas is not impeachable. [CBS] Education Commissioner Sidney Marland endorsed busing for school desegregation, but noted that it can sometimes be counter-productive. [CBS] The federal government is taking bids for offshore oil wells in the Gulf of Mexico. [CBS] The House approved $210 million for the SST. [CBS] The Federal Reserve Board reported that the index of industrial production was down 0.6% last month. [CBS] Three hundred people may have drowned when a ferry boat sank in the Pacific Ocean off the coast of Korea; no S.O.S. was sent. The ferry was carrying too much cargo. [CBS] The Soviet spacecraft "Venus 7" is believed to have crashed on Venus. [CBS] Place de L'Etoile in Paris has been renamed for Charles DeGaulle. [CBS] Pope Paul is in bed with the flu. [CBS] The Associated Press reported that President Nixon snubbed former Interior Secretary Walter Hickel and refused to hear Hickel's reports. [CBS]

Stock Market Report

Dow Jones Industrial Average: 819.62 (-3.56, -0.43%)
S&P Composite: 89.66 (-0.14, -0.16%)
Arms Index: 0.95

	Issues	Volume*
Advances	582	5.17
Declines	778	6.59
Unchanged	308	1.66
Total Volume		13.42

* 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*
December 14, 1970	823.18	89.80	13.81
December 11, 1970	825.92	90.26	15.79
December 10, 1970	821.06	89.92	14.61
December 9, 1970	815.24	89.54	13.55
December 8, 1970	815.10	89.47	14.37
December 7, 1970	818.66	89.94	15.53
December 4, 1970	816.06	89.46	15.98
December 3, 1970	808.53	88.90	20.48
December 2, 1970	802.64	88.48	17.96
December 1, 1970	794.29	87.47	20.17