News stories from Thursday April 1, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Nixon ordered that Lt. William Calley be released from prison pending the outcome of his appeal. The President acted as the number of telegrams in support of Calley surpassed the volume of telegrams received in 1970 by the White House concerning the invasion of Cambodia. Calley remains under light guard.
Eight state legislatures intend to pass resolutions asking for clemency for Calley. Vice President Agnew criticized persons who make heroes of deserters while demanding the punishment of "erring" soldiers. Senator William Fulbright said that it is questionable to single out one man to bear the full responsibility for what happened at My Lai. Col. Oran Henderson's pre-trial hearing regarding the cover-up of the My Lai incident will be held tomorrow.
[CBS] - Administration supporters in the Senate defended President Nixon's Vietnam war policy. Six Republican Senators accused Democratic presidential candidates of playing politics with the Vietnam War. [CBS]
- South Vietnam Fire Base No. 6 was overrun by the enemy. South Vietnamese commandos returned from their raid in Laos, claiming to have destroyed of tons of enemy supplies. [CBS]
- The FBI confirmed that its agents questioned relatives of POWs about a peace group which was relaying mail to and from North Vietnam. However, FBI director J. Edgar Hoover denied that agents told the relatives to have nothing to do with the group. [CBS]
- Multiple-warhead Poseidon missiles were carried for the first time by nuclear submarine into the Atlantic Ocean yesterday. [CBS]
- The Senate passed a bill to authorize $14 billion to provide public service jobs for the unemployed, while President Nixon announced a $42 million program to find jobs for aerospace engineers. In Wichita, more Boeing workers will be laid off due to the cancellation of the supersonic transport project; unemployment in Wichita is already up to 11%. A private group is offering to help pay for moon flights which have been canceled by NASA due to budget cutbacks. [CBS]
- The House voted to extend the draft for two years. The bill also contains $2.7 billion for military pay raises. [CBS]
- The Labor Department announced that the wholesale price index was up 0.2% in March. [CBS]
- East Pakistani rebels captured the city of Jessore; West Pakistan claims that Indians are crossing into East Pakistan to assist the rebels. [CBS]
- Hartford Plaza Bank president Lawrence Northrup raised $118,000 of the $150,000 demanded by two men and a woman who were holding Northrup's wife captive at the Northrups Chicago home. The captors collected the money and released Mrs. Northrup. [CBS]
- The house of Mike Montella of Linden, New Jersey, was robbed on Tuesday but eight lottery tickets were not taken. Today one of those tickets won $50,000. [CBS]
- The government is concerned about failing to stop juvenile crime. Fifteen-year-olds are responsible for the largest percentage of crimes, and half of all serious crimes are committed by persons under the age of 18. The real problem is that crime does pay: of nine million crimes per year, 12% result in an arrest, 6% are convicted, and only 1.5% are actually imprisoned. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 903.88 (-0.49, -0.05%)
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 31, 1971 | 904.37 | 100.31 | 17.61 |
| March 30, 1971 | 903.39 | 100.26 | 15.43 |
| March 29, 1971 | 903.48 | 100.03 | 13.65 |
| March 26, 1971 | 903.48 | 99.95 | 15.56 |
| March 25, 1971 | 900.81 | 99.61 | 15.87 |
| March 24, 1971 | 899.37 | 99.62 | 15.72 |
| March 23, 1971 | 908.89 | 100.28 | 16.47 |
| March 22, 1971 | 910.60 | 100.62 | 14.29 |
| March 19, 1971 | 912.92 | 101.01 | 15.15 |
| March 18, 1971 | 916.83 | 101.19 | 17.91 |