Thursday July 30, 1970
. . . where the 1970s live forever!

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

IssuesVolume*
Advances5974.24
Declines6144.77
Unchanged3191.43
Total Volume10.44
* 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
DateDJIAS&PVolume*
July 29, 1970735.5678.0412.58
July 28, 1970731.4577.779.04
July 27, 1970730.0877.657.46
July 24, 1970730.2277.829.52
July 23, 1970732.6878.0012.46
July 22, 1970724.6777.0312.46
July 21, 1970722.0776.989.94
July 20, 1970733.9177.7211.66
July 17, 1970735.0877.6913.87
July 16, 1970723.4476.3412.20


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