News stories from Thursday October 1, 1970

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

President Nasser was buried in Cairo as millions mourned the beloved former United Arab Republic leader in the streets; crowds were intense. The funeral procession was mobbed by frantic mourners. [CBS] President Nixon and Yugoslav President Tito want the Mideast to be calmed; their visit has been friendly.Spain has tightened security for Nixon's impending arrival there. The President will visit only dictator Francisco Franco and his staff. [CBS] Fourteen nations have asked the United Nations to consider taking action regarding hijacks; England, West Germany and Switzerland released Arab prisoners in exchange for hostages. [CBS] The Senate passed a $19.9 billion military weapons bill including unlimited arms sales to Israel and expansion of the anti-ballistic missile program. [CBS] One U.S. plane was downed yesterday in Vietnam; Cambodians bombed Viet Cong forces. [CBS] At the Paris Peace Talks, U.S. negotiator David Bruce rejected the new Viet Cong peace proposal. [CBS] The Soviet Union protested "Zionist" attacks on Soviet institutions in the United States. [CBS] A federal court ruled that New York's anti-busing law is unconstitutional. [CBS] The Campus Unrest Commission report says that the Jackson State College killings were unnecessary. The Commission states that city police lied, state police overreacted and racism pervades the Mississippi state police.The Commission wants education funding to be increased significantly for black schools; President Nixon has ordered a $30 million increase for next year. [CBS] A policeman was shot and killed in Atlantic City, New Jersey. [CBS]

Stock Market Report

Dow Jones Industrial Average: 760.68 (0.00, 0.00%)
S&P Composite: 84.32 (+0.11, +0.13%)
Arms Index: 0.82

	Issues	Volume*
Advances	628	4.56
Declines	666	3.96
Unchanged	278	1.19
Total Volume		9.71

* 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 30, 1970	760.68	84.21	14.83
September 29, 1970	760.88	84.30	17.88
September 28, 1970	758.97	83.86	14.39
September 25, 1970	761.77	83.97	20.47
September 24, 1970	759.31	83.91	21.34
September 23, 1970	754.38	82.83	16.94
September 22, 1970	747.47	81.66	12.11
September 21, 1970	751.92	81.91	12.54
September 18, 1970	758.49	82.62	15.90
September 17, 1970	757.67	82.29	15.53