News stories from Wednesday September 16, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Jordan is facing a civil war as guerrillas want King Hussein overthrown; fighting rages, and the U.S. State Department is worried. The U.S. opposes guerrilla control of Jordan, which would minimize chances for Mideast peace; King Hussein has a 50-50 chance of surviving this crisis. [CBS]
- Israeli Prime Minister Golda Meir is in the U.S. to seek aid. [CBS]
- Three Czechs got 3½ years imprisonment in West Germany for hijacking a Soviet plane; they were seeking asylum. [CBS]
- President Nixon spoke at Kansas State University, where he denounced lawbreakers and called for American solidarity. Hecklers were drowned out by applause; only 30 of the 15,500 who attended demonstrated against the President. [CBS]
- Vice President Spiro Agnew was heckled during a speech in Saginaw, Michigan. Agnew spoke on behalf of Senate candidate Lenore Romney and denounced hecklers as Democrat supporters.
A Grand Rapids, Michigan, man was arrested for threatening to kill Agnew.
[CBS] - The Pentagon announced that they won't end Reserve Officers' Training Corps programs or radically alter methods. [CBS]
- Democrat Senators Edward Kennedy, Joseph Tydings, Henry Jackson, John Pastore and Hubert Humphrey won their primaries. Two antiwar House candidates surprisingly won Democrat primaries over incumbents: Father Robert Drinan beat Philip Philbin in Massachusetts, and George Fallon fell to Paul Sarbanes in Maryland. [CBS]
- The House limited the amount which can be spent on radio and television during political campaigns, but the limit won't affect this fall's elections. [CBS]
- Ford Motor Company upped their car prices by 5%. [CBS]
- 13 American helicopters have been destroyed or damaged in recent action in Indochina. Communists currently surround 4,000 Cambodian troops, and may wipe them out. [CBS]
- White House advisers John Ehrlichman and George Shultz began a tour of Southeast Asia to discuss the post-war economy. [CBS]
- The administration compromised with Senate critics to push the welfare reform bill. [CBS]
- The Transportation Department admits that the supersonic transport has pollution problems but wants the program continued anyway. [CBS]
- A hormone used to fatten cattle may cause cancer; the FDA lets farmers double the recommended dosage but forbids feeding it to cattle for 48 hours before slaughter. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 754.31 (+3.76, +0.50%)
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 15, 1970 | 750.55 | 81.36 | 9.83 |
| September 14, 1970 | 757.12 | 82.07 | 11.90 |
| September 11, 1970 | 761.84 | 82.52 | 12.14 |
| September 10, 1970 | 760.75 | 82.30 | 11.90 |
| September 9, 1970 | 766.43 | 82.79 | 16.25 |
| September 8, 1970 | 773.14 | 83.04 | 17.11 |
| September 4, 1970 | 771.15 | 82.83 | 15.36 |
| September 3, 1970 | 765.27 | 82.09 | 14.11 |
| September 2, 1970 | 756.64 | 80.96 | 9.71 |
| September 1, 1970 | 758.15 | 80.95 | 10.44 |