News stories from Tuesday October 6, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Nixon will announce a new Vietnam peace plan on television tomorrow. The President said that the plan includes all of Southeast Asia and is not a propaganda gimmick. The plan is for increased troop withdrawals and a cease-fire; the White House denied any political motive. [CBS]
- South Vietnam President Thieu has ordered Vice President Nguyen Cao Ky to return to Saigon from London. [CBS]
- Bolivia's president resigned today; left and right-wing army generals are battling to take over the government. [CBS]
- Hundreds of Soviet missiles remain in the Suez Canal zone; the military balance there has changed in favor of the Arabs. The U.S. denounced Soviet aid to the United Arab Republic. The UAR said that it won't roll back the missiles, and the ruling party vowed to increase their fight against Israel. [CBS]
- Sgt. David Mitchell's My Lai trial starts tomorrow at Fort Hood, Texas. [CBS]
- Communists attacked a South Vietnamese refugee camp. [CBS]
- There was no word on kidnapped British diplomat James Cross, who was taken by Quebec separatists. [CBS]
- The Ohio National Guard has asked the Army for non-deadly crowd control weapons but will still carry guns and ammunition. [CBS]
- The Senate is seeking a solution to increased attacks on policemen; the Internal Security Committee heard testimony today. New legislation may outlaw any verbal revolutionary slogans. [CBS]
- House testimony showed that the Black Panthers have ties with foreign terrorist organizations including Al Fatah. [CBS]
- SDS-Weathermen claimed credit for bombing a Chicago police statue and vowed more attacks. Weathermen leader Bernardine Dohrn announced a fall offensive that will "bring the giant to its knees". [CBS]
- Federal agents recovered 700 pounds of dynamite when thieves tried to sell it to an undercover agent; the explosives had been stolen from Danville, Illinois. One youth was arrested and three more are being sought. [CBS]
- The Comptroller General said that 1 in 13 U.S. government employees may be an alcoholic. [CBS]
- The House Appropriations Committee approved a $66.66 billion defense budget, a cut of $2 billion. [CBS]
- President Nixon stated that Congress is spending too much on sewage and water control and denounced Congress' economic policy. [CBS]
- The Senate will recess in one week; a post-election session may be needed. [CBS]
- Transportation Secretary John Volpe stated that there may have been wrongdoing in the Colorado plane crash. The Federal Aviation Administration reported that the pilot was not certified for the plane he was flying; regulations may be tightened. [CBS]
- The Interior Department may put three species of whales on the endangered list -- Blue, Fin, and Sei Whales are over-hunted. The Japanese and Soviets are the major whale hunters; one whale is killed every 12 minutes. [CBS]
- Senator Strom Thurmond's wife is expecting a baby. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 782.45 (+5.75, +0.74%)
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* |
| October 5, 1970 | 776.70 | 86.47 | 19.76 |
| October 2, 1970 | 766.16 | 85.16 | 15.42 |
| October 1, 1970 | 760.68 | 84.32 | 9.70 |
| 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 |