The Administration’s tentative modifications to its position on strategic arms suggest that it is prepared to be flexible on the overall levels of strategic arms but is keeping firm to its basic goal of forcing deep reductions in land-based missiles, the principal area of Soviet advantage. Experts outside of Government who are hoping an arms-control agreement can be attained generally praised the Administration’s purported thinking on the question of what overall limits should be proposed to the Soviet Union. But they were divided today over whether the proposal represents enough of a shift on the issue of land-based missiles or is overly biased in favor of the United States. The tentative Administration proposal is the result of interagency deliberations. It has not been approved by the White House and could be modified further at the suggestion of senior Administration officials before the next round of Geneva arms talks, which are to begin September 18. But officials have said that the tentative proposal represented the general direction of Administration thinking on the issue of strategic arms at this time.
The tentative proposal contains several noteworthy changes. Among the most important are the new, higher limits on the number of strategic arms. The proposal would raise the limit on the number of ballistic missile warheads on land- and sea-based missiles from 4,500 to 5,500. And it would increase the limit on air-launched cruise missiles from 1,500 to 2,000. Some experts said they were heartened by this proposed adjustment because they maintained that the United States would have to settle for arms reductions that are less extensive than those it initially proposed in order to secure an agreement. Although the two sides still do not agree on exactly what type of strategic arms should be limited under a treaty and how this should be done, some experts said the proposed adjustments in the Administration’s position suggested that the two sides are starting to coverage on the overall limits that should be set in an agreement.
Soviet dissident Andrei D. Sakharov broke a silence on human rights violations with an ardent plea to Soviet leader Mikhail S. Gorbachev for the release of all prisoners of conscience. In a letter to Gorbachev, Sakharov — confined to internal exile in the city of Gorky — called for a general amnesty for all those deprived of their freedom because of their political or ideological beliefs. “I beg you to promote the release of these prisoners of conscience from their places of imprisonment and exile,” he wrote, specifically mentioning prisoners held in psychiatric hospitals for ideological and political reasons. A copy of his letter was given to an American news agency by other dissidents.
Soviet scientists said they hope to install equipment in the United States for monitoring nuclear weapons explosions at the Nevada desert test site by January or February. The move would reciprocate for the recent installation of U.S. equipment near the Soviet test site in the Central Asian republic of Kazakhstan by a team of private American scientists. Igor Nersesov, supervisor of the Kazakhstan experiment, said at a Moscow news conference that a Soviet delegation will travel to the United States to discuss the Nevada test project. There was no immediate comment from U.S. officials.
398 people appeared to have drowned when a Soviet passenger ship sank in the Black Sea on Sunday, the Soviet Union announced. The ship sank after colliding with a cargo vessel. A Soviet shipping official said at a news conference that the Admiral Nakhimov, which was carrying 888 passengers and 346 crew members, sank 15 minutes after it was hit broadside by the freighter about eight miles outside the Black Sea port of Novorossisk. He said there was no time to launch lifeboats. The Government daily Izvestia reported that hundreds of people leaped off the ship before it sank and tried to stay afloat in choppy, oil-covered seas as dozens of rescue vessels headed for the scene.
The State Department today rejected any attempt by Moscow to link the release of an imprisoned American correspondent with that of a Soviet physicist arrested on spy charges in New York 10 days ago. A department spokesman, Charles E. Redman, said that “we can’t rule out” that Moscow was trying to “influence” the case of the physicist, Gennadi F. Zakharov, a United Nations employee, by arresting Nicholas S. Daniloff, a correspondent for U.S. News & World Report, in Moscow last Saturday. Mr. Daniloff has since spent four days in prison. But Mr. Redman said “the two cases are completely different in nature.”
The spokesman for the Soviet Foreign Ministry said today that an American reporter detained since Saturday had been caught “red-handed” in espionage activities. The remarks by the spokesman, Gennadi I. Gerasimov, seemingly threw the weight of the Foreign Ministry behind the detention of Nicholas Daniloff, Moscow correspondent of the news magazine U.S. News & World Report. Mr. Daniloff was arrested by agents of the K.G.B., the internal security agency, on Saturday in a park in the Lenin Hills after a Soviet acquaintance had handed him an envelope with
More than 100 political prisoners have been freed so far under an amnesty by the Polish government that went into effect on July 23, the government said. Spokesman Jerzy Urban told a Warsaw news conference that the amnesty could be extended past September 15, when local courts and prosecutors are scheduled to finish reviewing cases of prisoners eligible for release. As of Sunday, 103 political prisoners had been freed, Urban said. The government has said there were 189 political prisoners before the amnesty. However, opposition sources put the pre-amnesty figure for political prisoners at 350.
With a visit to Peking planned next month by its party leader, East Germany is stepping up a reconciliation with China that appears to have the cautious blessing of the Soviet Union, according to scholars and Bonn officials. Since 1982, when the Soviet Union made its first overtures to China, East Germany has been quietly mending the relations that were ruptured two decades earlier in the course of the ideological confrontation between Moscow and Peking. The visit to China in the latter half of October by the East German leader, Erich Honecker, 74 years old, is expected to consolidate relations and possibly open the way for other Eastern European Communist chiefs to follow. Poland’s leader, Gen. Wojciech Jaruzelski, and Hungary’s leader, Janos Kadar, are the main candidates.
Yugoslavia’s Federal Court upheld the May 14 death sentence for Andrija Artukovic, former police minister of the Nazi puppet state of Croatia, the state-run news agency reported. Attorneys for Artukovic, 86, who suffers from several ailments including Alzheimer’s disease, said they plan further appeals. Yugoslav authorities say more than 700,000 Jews, Serbs, Gypsies and others died in concentration camps in Croatia during Artukovic’s tenure, but he has denied any direct involvement in the crimes. In Seal Beach, California, Artukovic’s son, Radoslav, called the court decision “an injustice.”
The governor of the Turkish province of Kars barred former U.S. astronaut James Irwin from climbing the northern face of Mt. Ararat in an expedition searching for Noah’s Ark, the Turkish news agency Hurriyet reported. Governor Hakki Boratas said that Irwin and his team of climbers have permission to climb the southern face of the mountain, in eastern Turkey, the news agency said. Irwin had told reporters in Ankara that his expedition hoped to search for the ark in the vicinity of a gorge on the mountain’s northern face.
The Muslim and Christian members of the Lebanese Cabinet, meeting for the first time in nine months, announced agreement today on the establishment of a new political order for the country. Prime Minister Rashid Karami said after the three-hour session that the 10 Cabinet ministers had also decided to declare a truce between rival militias. The broad lines for a new national convenant were also agreed upon, according to Mr. Karami. The meeting broke a deadlock that took hold in January after Christian leaders rejected a Syrian-sponsored pact for ending the Lebanese crisis. They said the pact downgraded Christian rights in favor of the Muslims.
Iran said today that marines led by frogmen had seized an Iraqi radar platform in the Persian Gulf 25 miles south of Fao that directed air raids on oil tankers. Iran also asserted that its forces had killed 700 Iraqis in an offensive, but Iraq declared that its troops had repulsed the Iranian drive in the mountainous Haj Omran sector at the northern end of the 730-mile-long battlefront. Iraqi military spokesmen said Iraq was confronting the amphibious assault in the gulf. Their failure to assert that the Iranians were driven off with heavy casualties, which they customarily do, indicated the radar platform had been taken.
Seven wounded refugees from Afghanistan were flown to Los Angeles for medical treatment of injuries they suffered at the hands of Soviet soldiers in fighting in their homeland. “We want the government of the United States to help us politically and militarily to put pressure on the Soviet Union” to end the fighting, a refugee strapped to a stretcher and identified only as Dayachee told reporters. Rep. David Dreier (R-California) who is coordinating the medical treatment with several area hospitals, met the men at Los Angeles International Airport. Dreier said doctors have volunteered their services to treat injuries ranging from the loss of a foot in a land mine explosion to replacement of a hip destroyed by bomb fragments. He said the medical project is crucial to the freedom fighters “because it counters a key aspect in the Soviet strategy, defeating the resistance by preventing treatment of the wounded.”
After returning from an extensive Asian trip, Senator Richard G. Lugar praised President Corazon C. Aquino of the Philippines today and said she was taking the right tack in trying to control the Communist insurgency in her country. At a news conference, Senator Lugar, the chairman of the Foreign Relations Committee, took issue with senior Administration officials who have expressed concerns recently about whether the Aquino Government was being tough enough with the guerrilla forces. “Enough is enough,” the Indiana Republican said. “We should cease and desist from any additional gratuitous comments.”
The chief of security for Avianca, Colombia’s biggest privately owned airline, was shot to death Monday, two days after he led an operation that turned up $5 million of cocaine aboard an Avianca cargo jet bound for Miami, the police said. The Avianca security chief, Carlos Luna, was shot by gunmen on a speeding motorcycle while on his way to work, the police said. Last Saturday his men discovered 200 kilograms, or 440 pounds, of cocaine stashed inside two Boeing 747 tires aboard an Avianca 747 cargo plane scheduled to take off for Miami. The tires were being taken to Miami to be recapped, the airline said in a press release after Mr. Luna’s men found the cocaine wrapped in one-kilogram plastic bags.
Victims of gas exploding from a volcanic lake in Cameroon probably died within seconds of contact with the gas, a medical team sent there by the Agency for International Development said today. The team also reported that virtually all survivors of the gas eruption, including more than 300 who were hospitalized, were expected to “recover fully with no disability.”
A cutoff of aid to Zimbabwe was announced in Washington. The announcement said the United States had decided to provide no new economic aid because of the Zimbabwe Government’s “lack of civility.” The State Department reaffirmed its July decision to suspend U.S. aid to Zimbabwe, which this week is hosting a summit of nonaligned nations. Spokesman Charles Redman commented after Prime Minister Robert Mugabe assailed U.S. policies in a speech at the summit. The original decision to suspend aid was made after a Zimbabwean Cabinet minister delivered an anti-American speech at the U.S. Embassy’s Fourth of July reception.
South African authorities imposed severe limits today on how Soweto can bury victims of clashes with security forces, two days before a mass funeral planned in the black township for 20 blacks killed last week. In another development, the Government abruptly curtailed a special session of Parliament in Cape Town that had been expected to debate new changes in apartheid.
The head of the African National Congress, the political movement seeking to overthrow the South African Government, said today that he was ready to meet with Britain’s Foreign Secretary to voice his concern over what he described as Britain’s role in perpetuating apartheid by opposing economic sanctions. The official, Oliver Tambo, said at a news conference here at the meeting of nations professing nonalignment that he could meet with Britain’s Foreign Secretary, Sir Geoffrey Howe, as early as this month. Officials of the African National Congress, along with anti-apartheid activists in South Africa, refused to meet with Sir Geoffrey when the Foreign Secretary, acting as President of the European Economic Community, went to Southern Africa in July in what proved to be an unsuccessful attempt to promote discussions. The organization, which is based in Lusaka, Zambia, and is outlawed in South Africa, said then that the visit would be a waste of time and more importantly, that it viewed the mission as a “delaying tactic” to stall Economic Community sanctions.
Radar signals transmitted by the small plane that collided with a Mexican airliner in California on Sunday were recorded by the traffic-control computer at the Los Angeles airport and would presumably have shown up on the controller’s radar scope, the director of the Government’s collision inquiry said. But John Lauber, a member of the National Transportation Safety Board, said the scope would not have indicated that the plane was at the same altitude as the Aeromexico DC-9 it hit, killing all the people aboard both craft.
The accuracy of a coroner’s report that said the pilot of the small plane that collided with the Aeromexico DC-9 had had a heart attack just before the collision was criticized by Federal safety investigators. They said they were seeking an independent autopsy of the heart.
President Reagan places a call to Harry W. Brelsford, President of Suburban Kiwanis Club of Santa Barbara.
President Reagan receives a call from Armand S. Deutsch, Chairman of the Board, Starwood Corporation, New York, New York.
The woman in the John Belushi case who admitted she injected the comedian with heroin and cocaine during the last five days of his life was sentenced to three years in prison in Superior Court in Los Angeles. Miss Smith, 39 years old, who admitted she injected Mr. Belushi with heroin and cocaine over the last five days of his life, pleaded no contest in June to a charge of involuntary manslaughter and three counts of furnishing and administering dangerous drugs. Miss Smith, who made no statement to the judge today, seemed exasperated as she was taken into custody. She will be eligible for parole in a year and a half. Miss Smith, a former rock singer, could have been sentenced to a term of up to eight years and eight months. The long case followed the comedian’s death from a drug overdose in 1982.
In a stunning upset, John Lewis defeated State Senator Julian Bond today in an Atlanta, Georgia Congressional contest that pitted two legends of the civil rights movement against each other. “This is a victory,” the former City Councilman said in giving fervent thanks to his campaign workers. “This is a great victory. It was a victory for the people. Not for John Lewis.”
1,534 layoffs at Eastern Air Lines will be part of plans for deep cutback moves the airline is taking in a bid to cut operating costs by about $160 million a year. The layoffs, which are expected to save the airline $54 million, will include hundreds of management workers and hundreds of workers who maintain its planes. The elimination of the maintenance jobs could compound an important problem at Eastern, which has had an unusually high number of flight cancellations because of backlogs on maintenance. But Eastern asserted that the cuts would not hurt service.
Major reforms in elementary schools were urged by the Education Secretary. In an 83-page report on curriculums, Secretary of Education William J. Bennett charged that science is too often taught as a “grab bag of esoteric facts and stunts,” and that social studies are “full of ersatz social science” at the expense of history, geography and other traditional topics. Mr. Bennett also criticized elementary-school teaching of reading, writing, mathematics, the arts and foreign languages.
Prince Charles arrived today on his first visit to Boston, where he is to speak at Harvard University’s 350th anniversary celebration. Charles, heir to the British throne, was greeted at the airport by Governor Michael S. Dukakis, Mayor Raymond L. Flynn and the British Ambassador to the United States, Sir Anthony Acland.
Fifteen years of court-ordered busing for racial balance in Norfolk, Virginia, ended for the city’s elementary school students with the first day of classes in their own neighborhoods. Students in grades six and above will continue to be bused. About 21,000 students were assigned to 35 neighborhood elementary schools, 10 of which are virtually all black. Of the 36,000 city students, 58% are black. Although a lawsuit challenging the neighborhood schools is pending before the U.S. Supreme Court, the school board voted in April to implement a compromise plan supported by black leaders.
Teacher walkouts disrupted or canceled classes for 45,000 students in four states, and strikes called in districts where classes begin today threatened to affect at least 32,000 more students. Classroom walkouts affecting more than 24,000 students began in four districts in Michigan and one in Ohio, and strikes affecting more than 20,000 others continued in six districts in Illinois, Pennsylvania and Michigan. In 11 districts in Rhode Island, Pennsylvania, Washington, New Jersey and Massachusetts, teachers began strikes that disrupted teacher preparation sessions and could affect classes set to start today.
Jury selection in the fraud trial of former Labor Secretary Raymond J. Donovan was delayed yesterday as a dispute erupted over a request by another principal defendant for a separate trial on the ground of ill health. The request for a trial severance came from one of Mr. Donovan’s nine co-defendants, Ronald A. Schiavone, who is the chairman of Schiavone Construction Company of Seacacus, New Jersey, and a longtime business associate of Mr. Donovan. Mr. Schiavone, in an affidavit filed on Aug. 8, said he had suffered a heart attack in June. A physician who has treated Mr. Schiavone, Dr. Jeffrey S. Borer, said in the affidavit that a trial now for Mr. Schiavone “would constitute a substantial and material risk to his health and life.”
The tobacco heir Steven Wayne Benson was sentenced to two consecutive life terms today for killing his mother and adopted brother by blowing up the family car with pipe bombs. Circuit Judge Hugh D. Hayes could have sentenced Mr. Benson to electrocution. The jury at the Fort Myers trial recommended life in prison, but the judge was not bound to this. A life sentence means that Mr. Benson has no hope of parole for 25 years; consecutive terms mean 50 years without parole. After the sentencing, defense attorneys said they would ask for a new trial and a directed verdict of acquittal based upon the evidence in a hearing September 22.
The nation’s first hospital devoted entirely to the treatment and research of AIDS opened in Houston, aiming to provide a large, centralized patient population and facilities for studying various drugs and other types of treatment. A spokeswoman for the Institute for Immunological Disorders said 30 to 50 outpatients are expected to begin reporting at the AIDS hospital for blood tests and drugs. “When our patients become ill enough, we will have inpatients,” she said.
An apparent prankster who told a Pennsylvania supermarket that its Jell-O products had been poisoned with cyanide was sentenced to five years in prison by a federal judge in Scranton. Judge Edwin Kosik told Norman Mark Allen, 21, that he hoped the stiff sentence would deter others from making product-tampering threats. The market pulled all Jell-O products from its shelves but no evidence of tampering was found. Allen was said to be the first person prosecuted in the United States for making a false food-tampering threat.
An 11-year-old girl who was expelled from a Roman Catholic grade school because she supports abortion is to attend sixth grade at a another private school, her mother said today. The child, Sarabeth Eason, enrolled at the Westside Montessori Center Friday, said her mother, Concepcion Eason. Mrs. Eason until recently was the assistant director of a Toledo abortion clinic. The Rev. Richard Miller, pastor of St. Agnes School, had said Sarabeth would not be allowed to return there unless she changed her views on abortion.
An auto safety group asked the government to order the recall and free repair of 6 million 1980-1984 cars from General Motors Corp. for alleged power steering problems. The private Center for Auto Safety asked the National Highway Traffic Safety Administration to investigate safety problems caused by the potential sudden loss of power steering in front-wheel-drive A, J and X-body cars. The request was based on 1,500 complaints involving at least 20 accidents and seven injuries, the group said. It also asked the Federal Trade Commission to order GM to notify owners that free repairs are available.
The cooling tower of an autoparts factory is a source of Legionnaires’ disease that has infected up to 31 people in Sheboygan, Wisconsin, health officials said. Water samples taken from the tower showed traces of the bacteria, legionella pneumophila, which has been confirmed in 17 of 31 people hospitalized recently, the officials said. At least three people have died in the outbreak. The factory agreed to shut and clean the cooling system.
Thunderstorms drenched Texas with as much as six inches of rain, causing minor street flooding in low areas. Storms dumped four inches on western Brown County, four inches on Killeen and six inches on Burkett. Flooding of low-lying areas and streets was reported in Johnson, Comanche and Bosque counties. Dense morning fog covered northern Texas and visibility dropped to one-sixteenth of a mile at Wichita Falls.
Major League Baseball:
The Atlanta Braves defeated the St. Louis Cardinals, 4–2. Dale Murphy hit a three-run homer in the seventh inning to break a 1–1 tie. He connected against John Tudor (13–7) for his 26th homer of the season.
The Boston Red Sox bested the Texas Rangers, 8–6. Marty Barrett broke a tie with a two-run, bases-loaded single in the seventh inning to lead the Red Sox to their fourth consecutive victory. Sammy Stewart, who replaced Al Nipper, the Red Sox starter, in the Rangers’ four-run fourth, earned his fourth victory in five decisions. Calvin Schiraldi pitched the last two innings for his seventh save. Jose Guzman (9–13) was the loser.
The California Angels routed the Baltimore Orioles, 10–1. Don Sutton (13–9) scattered three hits over seven innings for his 308th career victory, and Brian Downing drove in three runs with three hits for California.
The Astros-Cubs game at Wrigley Field was suspended after 14 innings because of darkness. It will be resumed tomorrow before the regularly scheduled game. The Astros will ultimately win, 8–7, as Billy Hatcher hits a solo homer in the 18th inning. Houston had taken a 7–4 lead in the top of the 17th, only to give up a three-run homer to the Cubs Keith Moreland in the bottom of the inning to tie it once more.
The Cincinnati Reds walloped the Pittsburgh Pirates, 9–1. Bill Gullickson pitched a four-hitter for his sixth consecutive victory, and Nick Esasky homered to spark a six-run fifth inning. Gullickson (13–8) held the Pirates hitless until U. L. Washington beat out a grounder over the mound for an infield single with one out in the sixth. Gullickson did not walk a batter and struck out four in pitching his sixth complete game. Buddy Bell circled the bases for an unearned run in the first inning off Bob Kipper (3–7). Barry Bonds, the Pirates’ center fielder, fell down while chasing Bell’s triple to the wall, and Bell scored when R. J. Reynolds, the left fielder, made a wild relay throw for an error.
The box score says Bo Jackson had one hit in three at-bats in his major league debut tonight. But a couple of inches either way and he could have been credited with a home run and with hitting into a triple play. “I’m just very happy to be here,” Jackson said after the Chicago White Sox and left-hander Steve Carlton shut out the Kansas City Royals 3–0. “I like the major leagues.” Jackson, the 1985 Heisman Trophy winner from Auburn, beat out an infield single against Carlton in his first at-bat. He hit the previous pitch an estimated 425 feet into the left-field bleachers, but umpire John Hirschbeck ruled it was foul. “I knew it was slicing, and I thought it might be foul,” Jackson said. Jackson hit Carlton’s 2–2 pitch to the right side of the infield and outran the 41-year-old Carlton, who was covering the bag.
The Minnesota Twins blanked the Milwaukee Brewers, 4–0. Bert Blyleven pitched a five-hitter for his third shutout of the season and sixth straight victory. It was the 54th career shutout for Blyleven (15–10). Blyleven walked one and struck out eight in pitching his league-leading 13th complete game.
Vance Law hit a two-out homer in the ninth inning, and Floyd Youmans pitched a two-hitter tonight to lead the Montreal Expos to a 1–0 victory over the Los Angeles Dodgers. Law hit a 2–1 pitch from Bob Welch (6–11) to give Montreal its fifth straight victory over the Dodgers at Olympic Stadium. Youmans (12–9) threw his second shutout and his fourth complete game of the season. He struck out seven and walked two.
Mike Krukow of the San Francisco Giants became a man of utter distinction last night when he outpitched Dwight Gooden for the second straight time this season and beat the Mets for the fourth straight time. The Mets don’t have too many grudges or scars to bear in this season of nonstop success, but Krukow comes close. He has started four games against the Mets this year and has won all four. He beat Gooden in May, he beat Ron Darling in June, he beat Rick Aguilera in August and last night he outpointed Gooden again in a return match, 4–3.
The Yankees were within three outs of another downfall tonight, but they scored three runs in the top of the ninth inning and beat the Oakland A’s, 9–8. Dave Winfield’s single scored Rickey Henderson from third base with the deciding run. The victory kept the Yankees seven and a half games behind Boston in the American League East. A loss would have represented their largest deficit of the season.
The San Diego Padres set back the Philadelphia Phillies, 6–2. Terry Kennedy and Kevin McReynolds hit two-run homers to help end Philadelphia’s six-game winning streak. Dave LaPoint (1–1), making his second start for the Padres since he was acquired July 9 from Detroit, struck out seven and walked two over seven innings. Lance McCullers recorded his third save.
Darrell Evans tied the game with an eighth-inning homer and then hit a two-run single in the ninth to lead the Detroit Tigers over the Seattle Mariners, 7–5. With two outs and the bases loaded in the ninth, Evans lined a single off the right-field wall off Pete Ladd to score Tom Brookens and Allan Trammell.
The Cleveland Indians beat the Toronto Blue Jays, 9–5. Ken Schrom gained his first victory since July 23 to stop the Blue Jays’ winning streak at nine. Coupled with Boston’s 8–6 victory over Texas, the loss dropped the Blue Jays 4 ½ games behind the Red Sox in the American League East. Schrom (12–6) snapped a personal four-game losing streak. He scattered six hits through six innings before being relieved by Brian Oelkers. Frank Wills got the final seven outs for his second save.
St. Louis Cardinals 2, Atlanta Braves 4
Texas Rangers 6, Boston Red Sox 8
Baltimore Orioles 1, California Angels 10
Houston Astros 8, Chicago Cubs 7 (Suspended today tied at 4–4)
Pittsburgh Pirates 1, Cincinnati Reds 9
Chicago White Sox 3, Kansas City Royals 0
Milwaukee Brewers 0, Minnesota Twins 4
Los Angeles Dodgers 0, Montreal Expos 1
San Francisco Giants 4, New York Mets 3
New York Yankees 9, Oakland Athletics 8
San Diego Padres 6, Philadelphia Phillies 2
Detroit Tigers 7, Seattle Mariners 5
Cleveland Indians 9, Toronto Blue Jays 5
After a quiet start, stocks fell sharply yesterday on the first day back from the long Labor Day weekend, as the market ran headfirst into higher precious metal prices and a number of uncertainties about the economy. Wall Street spent the first part of the day in a slumber, but sellers awoke in late afternoon and sent stocks into the market’s worst decline in more than a month. After toying with record levels last week and early yesterday, stocks succumbed to a complicated chain of events in the financial markets, according to Wall Street experts. The first sign of trouble came from the commodity markets, where gold rose more than $18 an ounce, they said. As a sign of inflation worries, the higher gold price weakened the bond market. Lower bond prices, in turn, pushed down the price of stock index futures. With stock futures trading at a sharp discount to the cash market, investors engaged in a typical arbitrage move — buying the futures, and selling the underlying stocks. The result was a 27.98-point drop in the Dow Jones industrial average, to 1,870.36. The blue-chip index had been up during the morning, going over 1,907 at one point, which was just shy of the 1,909.03 record close set on July 2.
Dow Jones Industrial Average: 1870.36 (-27.98)
Born:
Evan Crawford, MLB pitcher (Toronto Blue Jays), in Prattville, Arkansas.
History Diaries 