News stories from Wednesday April 7, 1971

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

A secret "Nixon 1972" election campaign headquarters has been opened one block from the White House; no one will talk about its operation. The overall re-election campaign is being controlled by Cincinnati Inquirer publisher Francis Dale and Attorney General John Mitchell. The White House denies any involvement with the campaign operation. [CBS] Voters in Madison, Wisconsin, approved a proposal that the U.S. offer a cease-fire and withdraw from the Vietnam war. Congressmen Michael Harrington, Parren Mitchell and Benjamin Rosenthal filed a lawsuit to declare the Vietnam war illegal on the grounds that the White House has usurped Congress' constitutional right to declare war. [CBS] Preparations are being made for antiwar demonstrations in Washington. Members of the National Peace Action Coalition are being trained as marshals of protest marches. Former Navy nurse Mary Lou Keener said that there is a difference between what President Nixon will say in his speech tonight and what will be done; she stated that 5,000 Vietnam veterans will be in Washington from April 18-23 no matter what the President says tonight. A "Peace City" in Rock Creek Park is planned. [CBS] The White House announced that President Nixon will respond to the letter from Lt. William Calley's trial prosecutor, Capt. Aubrey Daniel, which charged that Nixon's intervention in the case has damaged military justice. Senator Birch Bayh accused the President of playing politics with Calley's case; Senator Robert Taft says that President Nixon showed courage by intervening. [CBS] The Associated Press has obtained a copy of a memo warning information personnel in South Vietnam to be cautious in dealing with CBS reporter Morley Safer due to the possibility that he may criticize the Vietnamization program and damage troop morale. The Pentagon claims that it didn't originate the memo and is investigating. [CBS] The Communist siege of South Vietnam Fire Base No. 6 is in its eighth day. Helicopters are dropping supplies to defenders, but reinforcements are stalled by enemy fire a half mile from the base. [CBS] Red China invited the U.S. ping-pong team to visit Peking, the first invitation that Communist China has offered to America in 21 years. The White House, Department of Justice and State Department conferred and decided to accept the invitation, adding that if a similar Red Chinese group wishes to visit the U.S., they are welcome do so. Asst. Secretary of State Marshall Greene said that the decision is consistent with President Nixon's desire for improved relations with Communist China. British, French and Canadian ping-pong teams also accepted Red China's invitations to visit. [CBS] Communist China is supporting West Pakistan against the rebellion in East Pakistan, and charged India with interfering in the civil war. Americans who were evacuated from East Pakistan arrived in Calcutta, India. Thirty-seven Americans were among 115 people evacuated by ship from Chittagong, East Pakistan. One evacuee said that there wasn't much resistance to the West Pakistan army in Chittagong, and told of seeing civilians being shot. [CBS] The government of Greece announced the release of political prisoners and the dismantling of prison camps. [CBS] Deputy Attorney General Richard Kleindienst suggested an investigation following charges by Rep. Hale Boggs that the FBI is wiretapping Congressmen's phones; Senator Robert Byrd called for Boggs to reveal the basis for his charges. [CBS] Two women say that they were forced to resign from their jobs as file clerks with the FBI due to their activities with a peace group in violation of an FBI rule against political activity. [CBS] Radicals gained power as the result of elections in Berkeley, California; three radical candidates were elected to city council and a black liberal was elected mayor. New Mayor Warren Widener stated that his victory represents a victory for change and for those who are dissatisfied. The amendment regarding community control of police was defeated, but the new councilmen are likely to call for the resignation of the police chief anyway. Widener says that he intends to change the city's tax structure and work to end the Vietnam war. [CBS] AFL-CIO president George Meany accused the Nixon administration of trying to use organized labor as a scapegoat for its own economic mess. [CBS] The House passed a $4.75 billion education appropriations bill. [CBS] Twenty-three members of the Chicago Black Panther "Stone Nation" were indicted for fraud in a federal job training program. [CBS] Heavyweight boxing champion Joe Frazier addressed the South Carolina state legislature in his hometown of Columbia. Variety magazine is carrying a full page ad saying that Muhammad Ali is available for personal appearances and endorsements. [CBS]

Stock Market Report

Dow Jones Industrial Average: 918.49 (+5.76, +0.63%)
S&P Composite: 101.98 (+0.47, +0.46%)
Arms Index: 1.08

	Issues	Volume*
Advances	881	12.05
Declines	545	8.08
Unchanged	265	2.14
Total Volume		22.27

* 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*
April 6, 1971	912.73	101.51	19.99
April 5, 1971	905.07	100.79	16.04
April 2, 1971	903.04	100.56	14.52
April 1, 1971	903.88	100.39	13.47
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