News stories from Friday July 17, 1970

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

President Nixon's Southern ally attacked the administration's school desegregation policy. Senator Strom Thurmond of South Carolina said that President Nixon is breaking faith with the South. Thurmond denounced the IRS and Justice Department "carpetbaggers" for their actions and stated that the President is losing Southern support. [CBS] The United Arab Republic and the Soviet Union ended talks, agreeing to blame Israel and the United States for the Mideast crisis. [CBS] The White House fears that Congress' new trade restrictions may start an international trade war and damage the domestic economy. [CBS] Presidential counselor Robert Mayo has quit to head the Chicago Federal Reserve Bank, after just three weeks in his White House position. [CBS] Prince Charles and Princess Anne toured Washington; the royal guests are tired from their sightseeing. Prince Charles met with Congressmen and with Vice President Agnew, then the royal duo toured the Smithsonian Institution and talked with young people. [CBS] A National Guard leader testified before the Campus Unrest Commission regarding the Kent State University shootings. Weapons found in dormitories at Kent State University were displayed. Attorney Revius Ortique denounced the display of students' weapons. [CBS] Chicago police hope that an injured 17-year-old girl can help trace the man who raped and killed her friend at a Japanese-American convention in that city. [CBS] Radio personality "John J. Anthony" (Lester Kroll) has died. [CBS] President Nguyen Van Thieu of South Vietnam and Cambodian Premier Lon Nol met and discussed their alliance. [CBS] President Thieu has reportedly ordered the Con Son Prison tiger cage cells to be destroyed. [CBS] Government forces have retaken Kiri Rom, Cambodia. [CBS]

Stock Market Report

Dow Jones Industrial Average: 735.08 (+11.64, +1.61%)
S&P Composite: 77.69 (+1.35, +1.77%)
Arms Index: 0.79

	Issues	Volume*
Advances	1,057	10.10
Declines	339	2.56
Unchanged	212	1.21
Total Volume		13.87

* 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*
July 16, 1970	723.44	76.34	12.20
July 15, 1970	711.66	75.23	8.86
July 14, 1970	703.04	74.42	7.36
July 13, 1970	702.22	74.48	7.45
July 10, 1970	700.10	74.57	10.16
July 9, 1970	692.77	74.06	12.82
July 8, 1970	682.09	73.00	10.97
July 7, 1970	669.36	71.23	10.47
July 6, 1970	675.66	71.78	9.34
July 2, 1970	689.14	72.92	8.44