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]
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Stock Market Report
Dow Jones Industrial Average: 734.73 (-0.83, -0.11%)
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 |