News stories from Tuesday June 9, 1970

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

Jordan's King Hussein escaped an assassination attempt as government troops and Arab commandoes battled in Amman. Hussein's efforts to halt Palestinian guerrilla attacks on Israel are costing him popularity. [CBS] Argentine generals vowed to rule constitutionally; no successor to ousted President Juan Ongania has yet been named. [CBS] Communists taok Saravane, Laos and have opened a new infiltration route to South Vietnam through Laos and Cambodia; they may build a sanctuary nearby. [CBS] South Vietnam Vice President Nguyen Cao Ky reported that Cambodia approves the presence of South Vietnamese troops in their country for as long as necessary. South Vietnam will train and advise the Cambodian military, and the Thai Air Force will also support Cambodian troops. [CBS] The Senate will vote Thursday on blocking American involvement in Cambodia. But the Byrd amendment to allow the President full power regarding Cambodia may pass. President Nixon is pleased; Byrd's passage would kill the Cooper-Church amendment.The Byrd amendment would be a new Gulf of Tonkin Resolution. [CBS] Secretary of State William Rogers met with the House Foreign Affairs Committee. Rogers doesn't want the President's constitutional powers to be limited, but he reported that no U.S. forces will be in Cambodia after June 30. [CBS] Senator William Fulbright claims that the U.S. command in Vietnam staged a 5,000-man air and water assault for Secretary of Defense Melvin Laird when he visited last year. [CBS] The Army has dropped murder charges against Capt. Thomas Willingham resulting from the 1968 massacre of Vietnamese civilians at My Lai; Willingham is retiring from the Army. The House Armed Services Committee is ending its My Lai investigation. General William Westmoreland testifies tomorrow. [CBS] The United States and the Soviet Union reached an anti-ballistic missile limitation understanding at the Strategic Arms Limitation Talks in Vienna; no details were given. [CBS] Supreme Court Justice Harry Blackmun was sworn in. A White House reception followed the ceremony. [CBS] The Senate opened hearings on school desegregation funding. Outgoing Health, Education and Welfare Secretary Robert Finch said that he opposes tax exemptions for segregated school tuition. Senator Walter Mondale denounced tax exemptions for "lily-white" schools. [CBS] Federal investigators contradicted the Mississippi report and found no evidence of snipers at Kent State University or Jackson State College. Assistant Attorney General Jerris Leonard heads the commission; Mississippi officials claim that the shootings are not a federal matter. [CBS] Louisiana Rep. Edwin Edwards said that authorities should have used gunfire to halt anti-war violence in Washington last fall. Edwards believes that shooting was needed and claims that the Justice Department building and Vietnam Embassy incidents justified shooting the peace protesters. [CBS] A federal judge in Chicago sentenced seven protesters to five years each for destroying draft records; three others got 10 years for missing their trial. [CBS] Harvard University president Nathan Pusey compared the tactics of left-wing radicals to ex-Senator Joe McCarthy's tactics; Pusey stated that both use fear and accusation, not constructive methods. [CBS] 150 people are dead and 250,000 are homeless as a result of floods in Rumania, where the Danube River is out of control. [CBS] Soviet cosmonauts spent a ninth day in orbit. [CBS] A Vietnam veteran fired a pistol in a lavatory during a TWA flight; he claims that the gun fired while he was cleaning it. He was arrested upon arrival in Italy. [CBS] The Senate agreed to $800 million in credit guarantees for the Penn Central Railroad. [CBS] White House communications director Herbert Klein reported that Communists may seize the Cambodian government, but General Lon Nol is popular and is gaining strength. [CBS]

Stock Market Report

Dow Jones Industrial Average: 700.16 (-0.07, -0.01%)
S&P Composite: 76.25 (-0.04, -0.05%)
Arms Index: 0.87

	Issues	Volume*
Advances	582	3.29
Declines	657	3.22
Unchanged	292	0.55
Total Volume		7.06

* 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 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
May 29, 1970	700.44	76.55	14.63
May 28, 1970	684.15	74.61	18.91
May 27, 1970	663.20	72.77	17.46
May 26, 1970	631.16	69.29	17.03