News stories from Wednesday August 26, 1970

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

The Nixon administration is circulating a rumor that U.S. troops may go to the Mideast to police Mideast peace. The United States wants the cease-fire to be extended, Israelis to get out of occupied land, and a United Nations police force. The U.S. admitted that the United Arab Republic has strengthened their surface-to-air missile positions in the cease-fire zone, but doesn't know what to do about it. [CBS] Vice President Spiro Agnew met with Chiang Kai-shek in Taiwan and said that the United States will stand by his government; Agnew reported that U.S. troops will leave Korea, and said that he hopes all are out within five years. [CBS] The U.S. will support Lon Nol's government and continue air strikes in Cambodia. Defense Secretary Melvin Laird reported that U.S. air strikes in Cambodia help Americans in Vietnam; U.S. casualties are decreasing. The United States is flying 40 bomb raids per day in Cambodia. [CBS] Allies evacuated Kham Duc, South Vietnam, but claimed that the enemy build-up has stopped. [CBS] The Senate rejected a move to end herbicide use in war. [CBS] A defense attorney in the My Lai case moved that trial be moved to Vietnam so the judge can perceive the stress of combat. [CBS] North Vietnamese negotiator Xuan Thuy arrived at the Paris Peace Talks after an eight-month absence. [CBS] Wholesale prices dropped 0.5% last month and food prices may drop. Industrial commodities were still up 0.2% last month, however. [CBS] Federal transportation officials reported that most school buses are unsafe, and they want new construction guidelines. [CBS] A federal judge has fined the Chevron Oil Company $1 million for their Gulf of Mexico oil leak last year. [CBS] The Interior Department reported that industries are dumping lead and arsenic into the Mississippi River; the department wants tougher environmental laws. [CBS] Officials claim that a major international narcotics ring has been broken; Jack Grosby and Luis Stepenberg were arrested for smuggling $17 million in heroin into the United States. [CBS] The Vatican said that the media exaggerated the story of girls being bought to train as nuns, but didn't deny it. [CBS] The women's suffrage began 50 years ago; today women celebrated, demanding free child care centers, free abortions and equal rights. In New York City, protests were small; a few thousand marched down Fifth Avenue. In Los Angeles, anti-feminists picketed women's libbers. In Washington, Senator Jennings Randolph called women's libbers "braless bubbleheads".Most American men don't think women are oppressed; women's three basic demands for abortion, child care and equal rights are valid and realistic. [CBS]

Stock Market Report

Dow Jones Industrial Average: 760.47 (+1.50, +0.20%)
S&P Composite: 81.21 (+0.09, +0.11%)
Arms Index: 0.95

	Issues	Volume*
Advances	851	9.25
Declines	496	5.12
Unchanged	252	1.60
Total Volume		15.97

* 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*
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
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