News stories from Wednesday December 23, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Secretary of State William Rogers denounced North Vietnam's list of POWs; the Nixon administration is hardening its line on Hanoi. Rogers stated that the Communists are using POWs for political maneuvers, and the President will bomb North Vietnam if that is necessary to protect American troop withdrawals. [CBS]
- North Vietnam eased its demands for peace, no longer requiring a coalition government for South Vietnam. U.S. negotiator David Bruce says that North Vietnam's proposals are unacceptable. [CBS]
- Communists will hold a three-day truce for Christmas in Vietnam; the U.S. will have a one-day truce. [CBS]
- Secretary of State William Rogers said that the U.S. will help keep the peace in the Mideast if we are asked to. [CBS]
- Piotr Jaroszewicz was named the new Premier of Poland. A Swedish reporter described the military force which was used to suppress last week's riots; many people were arrested and 40-50 were killed. [CBS]
- Bolivia freed French revolutionary Regis DeBray along with five guerrillas. [CBS]
- Defense Secretary Melvin Laird is bringing all military spy activities under his control in order to end the practice of military spying on civilians. [CBS]
- President Nixon invoked an 1899 water pollution law which requires industries to have a permit to dump waste into water. Businesses must get permits by July 1; violators could be fined $2,500 a day. [CBS]
- The FTC suspended its requirement to require tar and nicotine content on cigarette packages. American Brands hasn't joined the voluntary program, but other companies have. [CBS]
- Angela Davis was arraigned in San Rafael, California, amid heavy security in the courtroom. Davis is charged with buying the guns which were used in the jailbreak-murder at the courthouse in August. Defense attorney Margaret Burnham claims that New York and California authorities manhandled Davis. Protestors massed outside the courthouse, and there was a bomb scare at the civic center. [CBS]
- Actor Charles Ruggles died at 84. [CBS]
- The Commerce Department reported that the gross national product declined this year. [CBS]
- The Penn Central Railroad lost $250 million during the first 10 months of this year. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 823.11 (+0.34, +0.04%)
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* |
| December 22, 1970 | 822.77 | 90.04 | 14.51 |
| December 21, 1970 | 821.54 | 89.94 | 12.69 |
| December 18, 1970 | 822.77 | 90.22 | 14.36 |
| December 17, 1970 | 822.15 | 90.02 | 13.66 |
| December 16, 1970 | 819.07 | 89.72 | 14.24 |
| December 15, 1970 | 819.62 | 89.66 | 13.42 |
| December 14, 1970 | 823.18 | 89.80 | 13.81 |
| December 11, 1970 | 825.92 | 90.26 | 15.79 |
| December 10, 1970 | 821.06 | 89.92 | 14.61 |
| December 9, 1970 | 815.24 | 89.54 | 13.55 |