News stories from Thursday March 19, 1970

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

East and West German leaders are meeting in East Germany, where crowds cheered West German Chancellor Willy Brandt. The leaders of the two nations discussed mutual recognition, reunion of separated people and United Nations representation. Police forced the pro-Brandt crowd back and replaced it with Communist slogan-shouting workers. [CBS] The U.S. is the first nation to recognize the new Cambodian government. Ousted Prince Norodom Sihanouk received a warm welcome in Peking and may install a government-in-exile there. Communist representatives at the Paris Peace Talks accused the U.S. of aiding the Cambodian coup and starting a new war in Cambodia and Laos. Defense Secretary Melvin Laird warned that Communists could sweep across Laos. [CBS] The U.S. Information Agency polled the South Vietnamese people about the war, but the Senate Foreign Relations Committee is not being permitted see the poll results for security reasons, angering Senator Fulbright. [CBS] Rep. Mendel Rivers denounced the indictment of Army officers for their roles at My Lai. [CBS] The New York City post office strike continued; the stock exchanges may close, and business is suffering. New York-bound mail has been embargoed and it is feared that sympathetic strikes may occur. [CBS] President Nixon asked Congress to make available FHA housing loans without a down payment, and funds for college aid programs. The National Education Council opposes the bill which provides better loans for the poor while ignoring the middle class. [CBS] Draft director Curtis Tarr won Senate approval. He wants educational and occupational deferments to be abolished and wants the feasibility of an all-volunteer Army to be proven before the draft ends. The immigration appeal board ordered a draft evader out of the United States; Thomas Jolley renounced his U.S. citizenship while in Canada three years ago. [CBS] A new oil slick appeared off the Louisiana coast, but it is not significant compared to the Chevron Oil company well which is still leaking. [CBS] Britain offers a pollution lesson: London is now one of the cleanest European cities, but in 1952 a smog disaster killed 4,000 people, which led to the Clean Air Act requiring smoke filters on factories. Smokeless zones and fuels have been developed. The Thames River was badly polluted, but is getting better. Spot checks are made on factories and utilities; fish are returning to the Thames. It helps that the British are more law-abiding than Americans. [CBS] Defense Secretary Melvin Laird declared that Moscow's anti-ballistic missile system has been installed. [CBS] The Soviet Union is supplying air defenses and technicians to Egypt, a move which could cause a major East-West confrontation. President Nixon is still silent regarding Israel's request to purchase U.S. jets. The State Department denied Adlai Stevenson's claim that the U.S. is filling a jet order for Libya. [CBS] The Senate passed a ban on radio and television cigarette advertising, and the bill also requires a stronger warning on cigarette packages. [CBS] Federal Aviation Administration head John Shaffer wants bulletproof shields around plane cockpits. [CBS] A March 6 Greenwich Village bomb factory explosion victim has been identified as Diana Oughton. Oughton, born in Illinois to a wealthy family, helped underprivileged children and is another example of a bright and concerned youth becoming a violent revolutionary. [CBS] Charles Manson received a new attorney. Manson threw a copy of the U.S. Constitution into a wastebasket at his trial after the judge wouldn't let Manson defend himself. New lawyer Ronald Hughes has never tried a case in court before. Manson's trial has been postponed until April 20. [CBS]

Stock Market Report

Dow Jones Industrial Average: 764.98 (-2.97, -0.39%)
S&P Composite: 87.42 (-0.12, -0.14%)
Arms Index: 1.25

	Issues	Volume*
Advances	533	2.77
Declines	777	5.05
Unchanged	284	1.11
Total Volume		8.93

* 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*
March 18, 1970	767.95	87.54	9.79
March 17, 1970	767.42	87.29	9.09
March 16, 1970	765.05	86.91	8.91
March 13, 1970	772.11	87.86	9.56
March 12, 1970	776.47	88.33	9.14
March 11, 1970	778.12	88.69	9.18
March 10, 1970	779.70	88.75	9.45
March 9, 1970	778.31	88.51	9.76
March 6, 1970	784.12	89.44	10.98
March 5, 1970	787.55	90.00	11.37