Friday December 18, 1970
. . . where the 1970s live forever!

News stories from Friday December 18, 1970


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

  • Government tanks and troops suppressed riots in Poland. Rioters in Gdansk who were protesting increased food prices burned buildings and looted stores. [CBS]
  • Fred Eidlin, an American who worked for Radio Free Europe, was sentenced to four years in prison for subverting the Czechoslovakian government. [CBS]
  • Two Viet Cong rockets hit Saigon, killing one person and injuring four as Radio Hanoi called for a major Communist offensive. The U.S. and South Vietnam have ordered a 24-hour cease-fire for Christmas, not including Laos and Cambodia. Cambodian troops cleared Highway 7. [CBS]
  • Attorney F. Lee Bailey blamed faulty intelligence for Capt. Ernest Medina's order to kill all Vietnamese at My Lai. [CBS]
  • The chemical NTA, which is replacing phosphates in detergents, causes birth defects in rats; its effect on humans is unknown. Surgeon General Jesse Steinfeld says that NTA poses no proven danger to man but suggests that it not be used under certain conditions. [CBS]
  • President Nixon ordered that military germ weapons be destroyed. They will be burned and neutralized by chemicals. [CBS]
  • The Atomic Energy Commission reported that 600 workers were evacuated after a nuclear test in Nevada. Radiation leaked 8,000 feet into the air. [CBS]
  • The U.S. and USSR ended the third round of the Strategic Arms Limitation Talks and vowed to decrease the arms race. [CBS]
  • Congress approved the clean air bill which requires pollution-free cars by 1975. [CBS]
  • Attorney General John Mitchell is suing the Jones and Laughlin Steel corporation for water pollution in Cleveland, Ohio. [CBS]
  • A Senate committee blamed former Deputy Defense Secretary Roswell Gilpatric for the F-111 fiasco and charged him with conflict of interest. [CBS]
  • 3,200 special panels currently advise the President; the House wants to create a new panel to decide which panels are needed. [CBS]
  • Former Army intelligence agent John O'Brien claims that he spied on Senator Adlai Stevenson and others for the Army. [CBS]
  • Vandals destroyed draft files in Union City and Elizabeth, New Jersey; a group called the "Hoover Vacuum Conspiracy" was reportedly responsible. [CBS]
  • Mrs. William Peters, the daughter of Joseph Stalin, is pregnant and living in Arizona. [CBS]
  • A New York grand jury indicted Hobart College for failing to control teachers and students in a confrontation with police last June. [CBS]


Stock Market Report

Dow Jones Industrial Average: 822.77 (+0.62, +0.08%)
S&P Composite: 90.22 (+0.20, +0.22%)
Arms Index: 0.79

IssuesVolume*
Advances7778.09
Declines5494.49
Unchanged3291.78
Total Volume14.36
* 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
DateDJIAS&PVolume*
December 17, 1970822.1590.0213.66
December 16, 1970819.0789.7214.24
December 15, 1970819.6289.6613.42
December 14, 1970823.1889.8013.81
December 11, 1970825.9290.2615.79
December 10, 1970821.0689.9214.61
December 9, 1970815.2489.5413.55
December 8, 1970815.1089.4714.37
December 7, 1970818.6689.9415.53
December 4, 1970816.0689.4615.98


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