Wednesday August 26, 1970
. . . where the 1970s live forever!

News stories from Wednesday August 26, 1970


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

  • The Nixon administration is circulating a rumor that U.S. troops may go to the Mideast to police Mideast peace. The United States wants the cease-fire to be extended, Israelis to get out of occupied land, and a United Nations police force. The U.S. admitted that the United Arab Republic has strengthened their surface-to-air missile positions in the cease-fire zone, but doesn't know what to do about it. [CBS]
  • Vice President Spiro Agnew met with Chiang Kai-shek in Taiwan and said that the United States will stand by his government; Agnew reported that U.S. troops will leave Korea, and said that he hopes all are out within five years. [CBS]
  • The U.S. will support Lon Nol's government and continue air strikes in Cambodia. Defense Secretary Melvin Laird reported that U.S. air strikes in Cambodia help Americans in Vietnam; U.S. casualties are decreasing. The United States is flying 40 bomb raids per day in Cambodia. [CBS]
  • Allies evacuated Kham Duc, South Vietnam, but claimed that the enemy build-up has stopped. [CBS]
  • The Senate rejected a move to end herbicide use in war. [CBS]
  • A defense attorney in the My Lai case moved that trial be moved to Vietnam so the judge can perceive the stress of combat. [CBS]
  • North Vietnamese negotiator Xuan Thuy arrived at the Paris Peace Talks after an eight-month absence. [CBS]
  • Wholesale prices dropped 0.5% last month and food prices may drop. Industrial commodities were still up 0.2% last month, however. [CBS]
  • Federal transportation officials reported that most school buses are unsafe, and they want new construction guidelines. [CBS]
  • A federal judge has fined the Chevron Oil Company $1 million for their Gulf of Mexico oil leak last year. [CBS]
  • The Interior Department reported that industries are dumping lead and arsenic into the Mississippi River; the department wants tougher environmental laws. [CBS]
  • Officials claim that a major international narcotics ring has been broken; Jack Grosby and Luis Stepenberg were arrested for smuggling $17 million in heroin into the United States. [CBS]
  • The Vatican said that the media exaggerated the story of girls being bought to train as nuns, but didn't deny it. [CBS]
  • The women's suffrage began 50 years ago; today women celebrated, demanding free child care centers, free abortions and equal rights. In New York City, protests were small; a few thousand marched down Fifth Avenue. In Los Angeles, anti-feminists picketed women's libbers. In Washington, Senator Jennings Randolph called women's libbers "braless bubbleheads".

    Most American men don't think women are oppressed; women's three basic demands for abortion, child care and equal rights are valid and realistic. [CBS]



Stock Market Report

Dow Jones Industrial Average: 760.47 (+1.50, +0.20%)
S&P Composite: 81.21 (+0.09, +0.11%)
Arms Index: 0.95

IssuesVolume*
Advances8519.25
Declines4965.12
Unchanged2521.60
Total Volume15.97
* 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*
August 25, 1970758.9781.1217.52
August 24, 1970759.5880.9918.91
August 21, 1970745.4179.2413.42
August 20, 1970729.6077.6410.17
August 19, 1970723.9976.969.87
August 18, 1970716.6676.209.50
August 17, 1970709.0675.336.94
August 14, 1970710.8475.187.85
August 13, 1970707.3574.768.64
August 12, 1970710.6475.427.44


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