News stories from Monday June 15, 1970

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

The Supreme Court ruled that conscientious objection to war is a personal, not a religious value, and overturned the conviction of Elliott Welsh. Administration officials are worried that the ruling may start a rush of conscientious objectors. [CBS] Communists repulsed allied forces at Kompong Speu, Cambodia; the highway from Phnom Penh to Kompong Som is still cut. [CBS] Communists have withdrawn from Saravane, Laos. [CBS] 423,500 Americans are in the war zone in Southeast Asia. Students in Saigon protested the war and the U.S. presence today. Demonstrators attacked a United States jeep, wounding an MP; Vietnamese police battled the protesters. Economic and political discontent is worsening the trouble. [CBS] A patriotism parade was held in Baltimore. Trade unionists honored the American flag and the country; there were only a few violent incidents. [CBS] Brazil released 40 political prisoners to ransom the West German ambassador; Algiers granted the freed prisoners political asylum. [CBS] Soviet cosmonauts have set a new space endurance record of 13 days. [CBS] The Apollo 13 review board criticized NASA and private contractors for substandard switches, which was the source of Apollo 13's trouble and has now been isolated; NASA and the Rockwell Corporation are blamed. The launch of Apollo 14 may be delayed until next year. [CBS] An air traffic controller's mistake caused a plane crash in Puerto Rico last year. The National Transportation Safety Board now says that it wants periodic mental tests for controllers; the controllers have the worst labor-management relations anywhere. [CBS] There will be live television coverage of President Nixon's economic speech on Wednesday. [CBS] The leaders of the American Medical Association and the National Medical Association want national health insurance to replace Medicaid, and they presented their plan at a Senate hearing today. [CBS] Georgia state representative Julian Bond doubts the Nixon administration's commitment to desegregation, asserting that activities and communities, not just schools, must be desegregated. Bond claims that the federal government sanctions racism. [CBS] Hobart College students have charged that undercover policeman Thomas Tongyai, a/k/a "Tommy the Traveler", fomented campus violence. Hobart's administration has asked for a grand jury investigation; Tommy was reported to be active on eight campuses. [CBS] Civilian experts urged major reform of the Army prison system, and they want the Presidio to be closed. [CBS] A burglar evaded security guards at 10 Downing Street in London, but was caught by the cleaning staff. [CBS] The east coast of the United States is being overdeveloped. At Henlopen Dunes, Delaware, conservationists oppose the Army's destruction of natural beauty to create a recreation area. Delaware wants the land back from the federal government because the military monopolizes the area and won't let civilians use the recreation site. Delaware Governor Russell Peterson says that the state has the right to the property. [CBS]

Stock Market Report

Dow Jones Industrial Average: 687.36 (+3.15, +0.46%)
S&P Composite: 74.38 (+0.17, +0.23%)
Arms Index: 0.92

	Issues	Volume*
Advances	661	3.28
Declines	576	2.64
Unchanged	299	1.01
Total Volume		6.93

* 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
Date	DJIA	S&P	Volume*
June 12, 1970	684.21	74.21	8.89
June 11, 1970	684.42	74.45	7.77
June 10, 1970	694.35	75.48	7.24
June 9, 1970	700.16	76.25	7.05
June 8, 1970	700.23	76.29	8.04
June 5, 1970	695.03	76.17	12.45
June 4, 1970	706.53	77.36	14.38
June 3, 1970	713.86	78.52	16.60
June 2, 1970	709.61	77.84	13.48
June 1, 1970	710.36	77.84	15.02