News stories from Thursday July 30, 1970

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

The Israeli cabinet remains split on the U.S. peace plan; they fear Arab guerrilla actions. Commandos in Jordan won't accept any settlement; A P.L.O. spokesman said that he won't compromise the Palestinian cause and must continue the anti-Zionist fight. [CBS] Cambodian forces are having trouble retaking Kirirom from the Communists. [CBS] No progress was reported at the 77th session of the Paris Peace Talks. [CBS] The Army intends to move 3,000 tons of nerve gas from Alabama to the Atlantic Ocean for burial; some protests are being made. [CBS] As smog covers the East coast, power in New York City has been slightly cut. [CBS] The FDA is considering limiting the amount of nutrients added to cereals. [CBS] Linda Kasabian ended her testimony at Charles Manson's murder trial. Kasabian said that Manson taught her how to kill, but she couldn't do it; Kasabian admitted that she had taken LSD for five years. Two of Manson's attorneys spent the night in jail for contempt of court. Cross-examination of Kasabian starts tomorrow. [CBS] President Nixon is preparing for his news conference, at which he is expected to call for an increase in the gasoline tax. [CBS] House Banking & Finance committee chairman Wright Patman reported a possible scandal in the federal low-income home program; land speculators and mortgage companies are accused of skimming money. [CBS] The NFL Players Association is on strike. The players want a pension plan and have refused the owners' offer; team representatives approved the strike unanimously. Club owners are worried. The Kansas City Chiefs will play a charity game tonight, then start the strike. [CBS] A Senate committee heard testimony on the role of television in racial attitudes. Children's Television Workshop president Joan Ganz Cooney claimed that showing the races mixing together helps interracial cooperation. [CBS] Urban Coalition leader John Gardner will resign to lead a citizens' political movement. "Common Cause" will arouse the Nixon administration about social problems. [CBS] Census director George Brown reported that more people now live in suburbs than in cities. [CBS] A Mississippi grand jury investigating the Jackson State College shootings reported that a sniper fired at police and termed the return fire to be justified. But one jury member refused to sign the report, claiming that the shooting was not justified. A federal grand jury resumes their probe next month. [CBS] An earthquake hit Iran; 100 people were reported dead, with more bodies expected to be found. [CBS] The Red Cross reports that the Soviet and Chinese governments were more generous to the Peru earthquake victims than the United States was. [CBS]

Stock Market Report

Dow Jones Industrial Average: 734.73 (-0.83, -0.11%)
S&P Composite: 78.07 (+0.03, +0.04%)
Arms Index: 1.09

	Issues	Volume*
Advances	597	4.24
Declines	614	4.77
Unchanged	319	1.43
Total Volume		10.44

* 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 29, 1970	735.56	78.04	12.58
July 28, 1970	731.45	77.77	9.04
July 27, 1970	730.08	77.65	7.46
July 24, 1970	730.22	77.82	9.52
July 23, 1970	732.68	78.00	12.46
July 22, 1970	724.67	77.03	12.46
July 21, 1970	722.07	76.98	9.94
July 20, 1970	733.91	77.72	11.66
July 17, 1970	735.08	77.69	13.87
July 16, 1970	723.44	76.34	12.20