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Monday July 6, 1970
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News stories from Monday July 6, 1970

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

  • Israel reported that Soviets are firing surface-to-air missiles for Egypt but the new SAM's were reportedly not responsible for three jets which were downed last week. [CBS]
  • Not all of the Congressional investigators brought good news from Indochina. Reps. Augustus Hawkins and William Anderson saw Con Son Island prison in South Vietnam, where Nguyen Van Thieu's political opponents are shackled in open pits. They reported 5' x 9' cages with five prisoners in each cage; the men are paralyzed by shackles. 500 prisoners are in cages. [CBS]
  • Nguyen Van Thieu's regime has closed 10 newspapers which carried Secretary of State William Rogers' report that the Viet Cong will settle for peace if they are granted proportional representation in the government.

    The Thieu and Nixon regimes both say that newspapers endanger their country's security. [CBS]

  • Italian Premier Mariano Rumor has resigned after just 100 days in office; a general strike has been canceled. [CBS]
  • Premier Fidel Castro fired the Cuban sugar industry leader for not meeting the quota. [CBS]
  • A seat on the New York Stock Exchange was sold for $145,000, the lowest price in eight years. [CBS]
  • John Wayne narrated an $80,000 movie made by the U.S. Information Agency which says that Vice President Spiro Agnew speaks his mind.

    Doves have purchased a three-week TV advertising campaign supporting the McGovern-Hatfield amendment to end the Vietnam war; several New York advertising men volunteered their services for the campaign. Senator Gordon Allott said that he opposes the tactic and resents Madison Avenue's approach to selling legislation. [CBS]

  • Selective Service director Curtis Tarr told local draft boards that sincerity is the key to granting conscientious objector status. [CBS]

Stock Market Report

Dow Jones Industrial Average: 675.66 (-13.48, -1.96%)
S&P Composite: 71.78 (-1.14, -1.56%)
Arms Index: 2.20

Total Volume9.34
* 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
July 2, 1970689.1472.928.44
July 1, 1970687.6473.048.61
June 30, 1970683.5372.729.28
June 29, 1970682.9172.898.77
June 26, 1970687.8473.479.16
June 25, 1970693.5974.028.20
June 24, 1970692.2973.9712.63
June 23, 1970698.1174.7610.79
June 22, 1970716.1176.648.70
June 19, 1970720.4377.0510.98

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