News stories from Tuesday March 16, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Two-time presidential candidate Thomas Dewey died today at age 68. [CBS]
- Congress approved a 10% increase in Social Security benefits. [CBS]
- The jury begins deliberations tomorrow in Lt. William Calley's trial. The judge considered the problem of juror Maj. Walter Kinard, who was in the unit which Col. Anthony Herbert has charged with an alleged cover-up of atrocities in Vietnam. The trial continued after it was determined that there is no evidence against Kinard personally. [CBS]
- South Vietnamese forces abandoned Fire Base Lolo in Laos and have fallen back to positions 10 miles inside Laos. [CBS]
- Secretary of State Rogers is urging Israel to withdraw to the pre-1967 war borders. Israeli Prime Minister Golda Meir told the Knesset that Israel won't give up the Golan Heights, Jerusalem, the Jordan River or Sharm el-Sheikh. The legislature gave Meir a vote of confidence after conservative members walked out. Egypt and Syria formed a military union with forces under one commander. The deal allows Egypt to use Syrian airfields. [CBS]
- A Soviet doctor and his family went to the U.S. embassy in Moscow to inquire about coming to the United States. Russian guards dragged the wife and children away but the doctor was rescued by U.S. embassy workers; the doctor later surrendered to Soviet police. [CBS]
- There was public mourning in Scotland and Northern Ireland for the British soldiers who were murdered last week. In Belfast, 10,000 marched in protest of terrorism. [CBS]
- Pakistan President Yahya Khan met with leaders of East Pakistan to try to prevent a split into two nations. [CBS]
- President Roberto Levingston of Argentina resigned following riots which protested low wages and the appointment of a new provincial governor. [CBS]
- Hostages have been released and two of the four bank robbers were captured from yesterday's bank robbery in Toulouse, France. Most of the money which was taken was recovered. [CBS]
- The Federal Trade Commission accused the largest U.S. bakery company of false nutritional claims for Wonder Bread, Hostess Snack Cakes and Profile Bread. [CBS]
- Funeral services were held in New York City for civil rights leader Whitney Young. Thousands of people, including many politicians, attended the service. [CBS]
- Silent film actress Bebe Daniels died today at age 70. [CBS]
- Heavyweight boxing champion Joe Frazier entered a hospital in Philadelphia due to fatigue. [CBS]
- A White House party tonight will celebrate Mrs.Pat Nixon's birthday, and Tricia Nixon is likely to announce her engagement. In December 1969, Tricia Nixon and Edward Cox denied being more than good friends; Tricia is considered to be more conservative than Cox. A wedding date is expected to be set for June. [CBS]
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Dow Jones Industrial Average: 914.64 (+6.44, +0.71%)
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* |
| March 15, 1971 | 908.20 | 100.71 | 18.92 |
| March 12, 1971 | 898.34 | 99.57 | 14.68 |
| March 11, 1971 | 899.44 | 99.90 | 19.83 |
| March 10, 1971 | 895.88 | 99.30 | 17.22 |
| March 9, 1971 | 899.10 | 99.46 | 20.49 |
| March 8, 1971 | 898.62 | 99.38 | 19.34 |
| March 5, 1971 | 898.00 | 98.96 | 22.43 |
| March 4, 1971 | 891.36 | 97.92 | 17.35 |
| March 3, 1971 | 882.39 | 96.95 | 14.68 |
| March 2, 1971 | 883.01 | 96.98 | 14.87 |