News stories from Friday April 23, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The USSR launched three cosmonauts to link up with a satellite to form the first space station; other manned spacecraft may be launched to join the space station soon. The U.S. is not expected to attempt a space station for two more years. [CBS]
- More antiwar demonstrations are set to begin tomorrow in Washington, DC. Some office windows have been boarded up, and barricades have been placed in anticipation of the demonstrations; 100,000 are expected for a protest at the Capitol. Attorney General Mitchell believes that some of the individuals at the upcoming protests are being inspired by "outside interests", and physical confrontations are possible. Mitchell says that domestic radicals are a greater threat to national security than foreign spies. Police have been stationed outside the South Vietnamese embassy. President Nixon will be at Camp David, Maryland.
Senator Mike Mansfield said that antiwar protests such as these are influencing Congress to cut off funds for the war. Senator Barry Goldwater warned that a bill to curb the President's power to commit U.S. forces overseas would be dangerous.
[CBS] - The U.S. command in Saigon reported that a "protective reaction strike" in North Vietnam may have damaged North Vietnam's MiG jet fighters. American B-52s staged bombing raids in the Ashau Valley of South Vietnam today as ground forces encountered little enemy resistance when they attempted to take the northern part of the valley, a known Communist stronghold. U.S. command in Saigon also announced that the seventh phase of troop withdrawal has begun, a week ahead of schedule. [CBS]
- Reverend Matt Menger, who was Rep. Pete McCloskey's interpreter during his visit to Laos, said that McCloskey's charge that the U.S. deliberately destroyed Laotian villages is untrue. [CBS]
- Secretary of State Rogers will visit the Mideast to discuss proposals for reopening the Suez Canal. The United Nations announced that Mideast peace mediator Gunnar Jarring has postponed returning to the peace talks. [CBS]
- Deceased President Francois Duvalier lies in state in Port-au-Prince, Haiti. [CBS]
- Massachusetts Governor Francis Sargent declared that his state's no-fault auto insurance system is a success, and he claimed that insurance costs are down 36% but the companies haven't passed the savings on to motorists. [CBS]
- Delta and Northeast Airlines have agreed to merge. [CBS]
- Federal water quality commissioner David Dominick recommended that the Reserve Mining Company be required to come up with an acceptable clean-up plan. The company is presently dumping 60,000 tons of waste per day into Lake Superior. [CBS]
- Police are looking for a man who killed three people during the robbery of a dry cleaning store in Las Vegas. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 947.79 (+7.16, +0.76%)
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 22, 1971 | 940.63 | 103.56 | 19.27 |
| April 21, 1971 | 941.33 | 103.36 | 17.04 |
| April 20, 1971 | 944.42 | 103.61 | 17.88 |
| April 19, 1971 | 948.85 | 104.01 | 17.73 |
| April 16, 1971 | 940.21 | 103.49 | 18.28 |
| April 15, 1971 | 938.17 | 103.52 | 22.54 |
| April 14, 1971 | 932.55 | 103.37 | 19.44 |
| April 13, 1971 | 927.28 | 102.98 | 23.20 |
| April 12, 1971 | 926.64 | 102.88 | 19.41 |
| April 8, 1971 | 920.39 | 102.10 | 17.59 |