News stories from Wednesday April 28, 1971

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

The FBI has arrested 19-year-old Leslie Bacon as a material witness in the bombing of the U.S. Capitol building; an undercover agent claims that Bacon was a courier for the actual bombers. The government wants her to be sent to Seattle for a grand jury investigation. An ACLU lawyer told Bacon not to cooperate with the government because the FBI broke into her house and refused to let anyone read the warrant. Bacon's mother said that Leslie denies any connection with the bombing. [CBS] Antiwar demonstrations continued in Washington, DC. Police arrested 211 demonstrators who were blocking the entrance to the Selective Service building; demonstrators served refreshments to IRS employees.Former Sgt. Danny Notley told a congressional war crimes hearing that he killed 30 Vietnamese civilians and said that he was rewarded with three days away from the front lines. The hearings are informal because antiwar congressmen have been unable to get the committee chairman to arrange formal war crime hearings. [CBS] Capt. Eugene Kotouc admitted to accidentally cutting off the finger of a Vietnamese prisoner; his case will to go to the jury tomorrow. [CBS] Cambodian forces battled Communists on Highway 4; U.S. B-52s bombed areas in South Vietnam, Cambodia and Laos. [CBS] Secretary of State William Rogers denied that the new U.S. policy toward China was designed to create friction between China and the Soviet Union. [CBS] Leading economic indicators were up 0.6% in March. [CBS] Amtrak is supposed to take over national railroad passenger service on Saturday, but Congress may postpone the takeover for six months. Amtrak named Roger Lewis as president. [CBS] The investigation into the Chicago police raid on Black Panther headquarters in 1969 continues. State's Attorney Edward Hanrahan is the one who authorized the raid; a federal grand jury criticized Hanrahan's handling of the raid but has issued no indictments. Judge Joseph Power impaneled the grand jury last year amid demands for further investigation, and attorney Barnabas Sears was named special prosecutor for the investigation. Local papers reported that the grand jury would indict a Hanrahan week ago, but Judge Power reportedly insisted that Hanrahan be allowed to testify and he fined Sears for implying that Power interfered with jury deliberations. Hanrahan testified yesterday. [CBS] President Nixon asked Congress to add 1.8 million acres to the federal wilderness preserve. [CBS] Environmental Protection Agency director William Ruckelshaus asked Congress not to ban the dumping of waste into the ocean, because other methods of disposal may be even more harmful to the environment. [CBS] The Justice Department is suing U.S. Steel to halt the dumping of noxious wastes into the Cuyahoga and Black Rivers in Ohio. [CBS] A spokesman for the Environment Defense Fund accused the soap industry of blackmailing the Federal Trade Commission by warning that phosphate substitutes may be more harmful than phosphates. [CBS] Ten people were killed by tornadoes in south-central Kentucky. Governor Louie Nunn asked the federal government to declare the region a disaster area. [CBS] Vice Admiral Hyman Rickover accused 17 defense contractors of failing to provide cost data. Rickover noted that the national defense wouldn't suffer if Lockheed Aircraft Corporation went bankrupt. [CBS] NASA announced that it will no longer quarantine astronauts after moon flights. [CBS] The Navy named 49 new admirals, including astronaut Alan Shepard and the first black admiral, Samuel Gravely. [CBS]

Stock Market Report

Dow Jones Industrial Average: 950.82 (+3.73, +0.39%)
S&P Composite: 104.77 (+0.38, +0.36%)
Arms Index: 1.23

	Issues	Volume*
Advances	761	10.76
Declines	671	11.67
Unchanged	246	2.39
Total Volume		24.82

* 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 27, 1971	947.09	104.39	21.25
April 26, 1971	944.00	103.94	18.86
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