News stories from Monday March 1, 1971

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

The Capitol building in Washington was bombed. A caller warned that the building was to blow up in 30 minutes; a bomb exploded in a first floor washroom, damaging a barber shop and several offices. Senator Allen Ellender said that he thinks whoever planted the bomb wants Congress to cut off funds for the Vietnam war. The Capitol will to continue to be open to the public. The Federal Reserve building also received a bomb threat, but no bomb was found. [CBS] Enemy tanks are closing in on South Vietnamese positions in Laos; 10,000 South Vietnamese reinforcements are massing at the Laos-South Vietnam border amidst reports that South Vietnam has abandoned a fire base in Laos. Laotian tribesmen are occupying a village near Tchepone and harassing North Vietnamese supply routes. [CBS] A Defense Department spokesman stated that battlefield reports don't reflect the overall picture in Laos; the objective of the operation is to disrupt supplies. Some South Vietnamese troop movement is due to enemy pressure, but some is due to internal decisions. [CBS] There are unconfirmed reports that Red China is pledging to enter the war if South Vietnam succeeds in cutting the Ho Chi Minh Trail. [CBS] General William Westmoreland recommended demotion for several officers in the My Lai incident cover-up. Capt. Ernest Medina is charging the Army with preventing him from refuting Lt. William Calley's testimony concerning Medina's involvement at My Lai. [CBS] President Nixon campaigned in Iowa for support of his programs. Antiwar and farm policy protesters demonstrated outside the Iowa state legislature where Nixon spoke. The President said that the Vietnam war is coming to an end, and it is time to turn to the work of peace. Protesters in the downtown area were forced back. [CBS] The state of Pennsylvania is legally bankrupt after the Governor refused to sign legislation allowing further spending until the tax bill is passed by the state legislature. [CBS] The Air Force has decided to forbid slot machines at overseas bases. [CBS] The Soviet Union called for an emergency meeting of the "Big 4" to prevent the collapse of the Mideast peace talks. [CBS] Five people were killed and dozens injured in the first of 10 days of elections for a new parliament in India. [CBS] Two million workers went on strike in Britain in protest of the strike control bill in Parliament. [CBS] Apollo 14 astronauts held a news conference in Washington, DC. [CBS] NASA has reopened a rocket testing base in Hancock County, Mississippi, due to pressure from Mississippi Senators John Stennis and James Eastland. [CBS] Transportation Secretary John Volpe testified at a House committee hearing that the supersonic transport is too close to being developed to abandon now. [CBS] There has been a wave of bombings and bomb threats over the last six months. The Capitol building is always open to everyone, but today's bombing may make opponents of U.S. Vietnam policy unable to voice their opinions. Congress has little to do with events in Vietnam -- the administration involved the U.S. in Vietnam. [CBS]

Stock Market Report

Dow Jones Industrial Average: 882.53 (+3.70, +0.42%)
S&P Composite: 97.00 (+0.25, +0.26%)
Arms Index: 0.60

	Issues	Volume*
Advances	738	7.20
Declines	639	3.76
Unchanged	271	2.05
Total Volume		13.01

* 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*
February 26, 1971	878.83	96.75	17.25
February 25, 1971	881.98	96.92	16.20
February 24, 1971	875.62	96.73	15.93
February 23, 1971	870.00	96.09	15.08
February 22, 1971	868.98	95.72	15.84
February 19, 1971	878.56	96.74	17.86
February 18, 1971	885.06	97.56	16.65
February 17, 1971	887.87	98.20	18.72
February 16, 1971	890.06	98.66	21.35
February 12, 1971	888.83	98.43	18.47