News stories from Monday April 26, 1971

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

A presidential commission proposed United Nations membership for Communist China, but not at the expense of Nationalist China. Ambassador Henry Cabot Lodge stated that the commission believes the more representation in the United Nations the better, but membership in the United Nations should be treated as a duty, not a privilege. President Nixon is considering diplomatic recognition for Red China and a personal visit. [CBS] Antiwar demonstrators used disruption in new protests today. Seven people were arrested at the Pentagon, others were ejected from the Senate chamber for shouting antiwar slogans, and a group staged a sit-in at Republican Senator Hugh Scott's office. [CBS] The Viet Cong delegation to the Paris Peace Talks claimed that some American soldiers are fighting on the Communist side in South Vietnam; two North Vietnamese deserters said that North Vietnam is becoming tired of the war. North Vietnam continued its attacks in South Vietnam; 30 Americans were wounded. [CBS] The trial of Capt. Eugene Kotouc has begun; Kotouc pleaded not guilty to charges of torturing a prisoner after the My Lai incident. [CBS] Former Army surgeon Maj. Gordon Livingston said that General George Patton III, the son of the World War II general, told him to keep North Vietnamese prisoners alive long enough to be questioned, then let them die. [CBS] Secretary of State Rogers will attend a meeting of the Southeast Asia Treaty Organization in London before beginning his Mideast trip. Israel reported that it fired on an Egyptian plane over the Suez Canal today. [CBS] The Supreme Court upheld the right of communities to block public housing projects through referenda. [CBS] President Nixon spoke on welfare reform to the U.S. Chamber of Commerce, saying that able-bodied people have to work; he also said that the worst of inflation has passed. [CBS] Vice President Agnew defended FBI director J. Edgar Hoover in a speech. [CBS] The Justice Department is charging the Mississippi Highway Patrol and the Boston, Massachusetts, police department with discrimination in hiring. [CBS] The Senate passed a bill authorizing $1.5 billion in funds for school desegregation. [CBS] A grand jury in Chicago has yet to indict Illinois State's Attorney Edward Hanrahan in connection with a 1969 police raid on the Black Panthers. [CBS] The Nixon administration joined the detergent industry in urging the FTC to delay forcing phosphate detergents to carry a warning; phosphate substitutes are also dangerous. [CBS] Alabama Attorney General Bill Baxley is suing 18 Birmingham industrial firms for polluting the air and endangering lives. [CBS] An attempt to preserve natural resources is working in Claremont, California. Claremont has 18,000 old trees which are attacked by aphids yearly; the city outlawed DDT, so it is now using ladybugs to combat the aphids. [CBS] Billie Sol Estes has been paroled after serving six years for mail fraud and conspiracy. [CBS] An Illinois farmer is literally the "Middle American". The U.S. population center is located on the farm of Lawrence Freidrich of Mascoutah, Illinois; he has been besieged by newsmen -- in the middle of planting season -- since the Census Bureau revealed the location of the population center. [CBS]

Stock Market Report

Dow Jones Industrial Average: 944.00 (-3.79, -0.40%)
S&P Composite: 103.94 (-0.11, -0.11%)
Arms Index: 0.72

	Issues	Volume*
Advances	773	10.21
Declines	647	6.19
Unchanged	270	2.47
Total Volume		18.87

* 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 23, 1971	947.79	104.05	20.15
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