News stories from Monday February 9, 1970

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

Senator Abraham Ribicoff took to the floor of the Senate to endorse an amendment to the education bill which would enforce school desegregation uniformly throughout the country. Five Governors warned that federal desegregation policies threaten to devastate the school system.A New Jersey court ruled that public school prayer readings from the Congressional Record are unconstitutional and violate the first amendment. [CBS] The nation's top Democrats called for a firm timetable for the withdrawal of U.S. troops from South Vietnam, adopting a statement written by Averell Harriman's foreign policy group whch calls for pulling American troops out of Vietnam within 18 months. [CBS] The United States is trying to negotiate the release of five U.S. sailors whose patrol boat strayed into Cambodian waters and was captured. [CBS] The formal arraignment of Lt. William Calley for 102 murders at My Lai took place. Attorney George Latimer wants a ruling on motions to dismiss all charges against Calley, who has yet to enter a plea. Latimer claims that the trial was ordered by the Nixon administration, but Army generals denied being given orders to try Calley. Latimer also claims that Calley can't get a fair trial due to network coverage of the incident, and he feels that the pictures from My Lai which were published in Life magazine prejudice the case. It was revealed that Paul Meadlo's talks with investigators triggered the Army's charges against Calley. [CBS] Egypt and other Arab nations ended their summit meeting with a pledge to recover occupied territory, and they attacked the Nixon administration for its hostile attitude toward Arabs. Secretary of State William Rogers is in Morocco; officials there told him that Arabs are concerned over additional U.S. jet shipments to Israel. [CBS] Pope Paul ordered priests to make annual public reaffirmations of their celibacy and obedience. [CBS] Rep. Martha Griffiths stated that Medicaid and Medicare are pushing costs so high that many Americans face medical poverty. She wants those programs replaced with national health insurance open to all. [CBS] The Senate is probing into nursing and safety standards at old age homes. Smoke poisoning recently killed 32 in a Marietta, Ohio, old age home. Many residents died during a fire there from smoke inhalation, not flames. The smoke was caused by a carpet which had met federal flammability standards; the federal standards are inadequate. [CBS] The federal government charged 11 large corporations with criminally dumping waste into the waters around Chicago, the first anti-pollution action taken by the Nixon administration. [CBS] The Nixon administration told 18 cities to get more Negroes into building trade jobs, or the government will do it. Labor Secretary George Shultz stated that the "Philadelphia Plan" will be put into effect in cities unless they come up with a plan of their own. [CBS] Charles Manson's trial is scheduled to start on March 30. He is being tried along with two female co-defendants for the murders of Sharon Tate and six others. [CBS] The defense rested in the Chicago conspiracy case. Judge Julius Hoffman rejected a motion for direct acquittal. After five months of trial, the evidence is all in. Police undercover agents testified that Jerry Rubin led the rampage in the streets; Rennie Davis ordered demonstrators to provoke the police; Abbie Hoffman declared he would tear up the town and the convention; Tom Hayden circulated among the young and encouraged them to fight in the streets; David Dellinger incited protesters to fight the police; and Lee Weiner cooked up a plot with John Froines to bomb the parking lot at the 1968 Democratic National Convention in Chicago. [CBS] In Massachusetts, $40,000 in dimes spilled onto a highway. It took eight hours to recover the money; no volunteers were allowed. [CBS]

Stock Market Report

Dow Jones Industrial Average: 755.68 (+2.91, +0.39%)
S&P Composite: 87.01 (+0.68, +0.79%)
Arms Index: 0.99

	Issues	Volume*
Advances	873	6.11
Declines	486	3.38
Unchanged	233	1.34
Total Volume		10.83

* 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*
February 6, 1970	752.77	86.33	10.15
February 5, 1970	750.26	85.99	9.43
February 4, 1970	754.49	86.24	11.04
February 3, 1970	757.46	86.77	16.05
February 2, 1970	746.44	85.75	13.44
January 30, 1970	744.06	85.02	12.32
January 29, 1970	748.35	85.69	12.21
January 28, 1970	758.84	86.79	10.51
January 27, 1970	763.99	87.62	9.63
January 26, 1970	768.88	88.17	10.67