News stories from Tuesday August 25, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- In Seoul, South Korea, Vice President Spiro Agnew learned that military withdrawal from Indochina is not easy. Korea wants increased U.S. aid in order to offset troop withdrawals -- $3 billion over five years. Koreans say that the situation is tense; another meeting with Agnew will take place tomorrow. [CBS]
- The Senate defeated a move for an all-volunteer Army. The bill would have increased military pay at a cost of $4 billion per year; the White House opposed the bill. The Pentagon says that an all-volunteer Army is not possible at this time. [CBS]
- Mideast peace talks have begun in New York City. U.N. Secretary General U Thant said he is optimistic. The three ambassadors didn't meet with each other, instead they had separate talks with negotiator Gunnar Jarring. [CBS]
- Cambodians reinforced Prek Tamak, Cambodia, to protect Phnom Penh. The Viet Cong shelled a hamlet in southern South Vietnam. [CBS]
- Pope Paul received Bishop James Walsh and heard about his 12 years as a prisoner of the Chinese. [CBS]
- The Supreme Court refused a delay in North Carolina and Florida desegregation. In Charlotte, N.C., a federal district court ordered busing, but the school board says that mass integration is impossible. The reopening of Charlotte schools may be delayed for lack of buses. [CBS]
- H. L. Hunt was advertising a Texas resort through Rep. Olin Teague's office. [CBS]
- In New York, Democrat House candidate Thomas Flaherty said that Rep. Richard McCarthy offered him a $10,000 deal to drop out of the race and run for judge. In Harlem, Rep. Adam Clayton Powell, who was defeated in the Democratic primary, will seek re-election as an independent. [CBS]
- 800 San Quentin prisoners burned offices to support the demands of blacks. [CBS]
- The University of Wisconsin bomb may have been in a truck outside the Math Research Building. Researchers have been barred from entering the building; some claim that the FBI is destroying their research. [CBS]
- Retiring University of Pennsylvania president Gaylord Harnwell has been elected chairman of the Penn-Central Railroad. [CBS]
- The Treasury Department stated that it will give an extra ½% interest on bonds held five years or more. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 758.97 (-0.61, -0.08%)
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 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 |
| August 14, 1970 | 710.84 | 75.18 | 7.85 |
| August 13, 1970 | 707.35 | 74.76 | 8.64 |
| August 12, 1970 | 710.64 | 75.42 | 7.44 |
| August 11, 1970 | 712.55 | 75.82 | 7.33 |