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Monday May 3, 1971
. . . where the 1970s live forever!

News stories from Monday May 3, 1971

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

  • Police in Washington, DC thwarted antiwar protesters' plans to halt the federal government. Demonstrators only briefly blocked a few highways. Police chased protesters and used tear gas as protesters slashed tires. Police arrested over 7,000 people; 2,000 were held at a practice football field. Rennie Davis said that protesters failed to outmaneuver the police or show military superiority; Davis was arrested for conspiracy for attempting to prevent government workers from going to their jobs. D.C. police chief Jerry Wilson said that the protesters had little effect on the government, and their disruption of the morning rush hour was comparable to heavy rain. [CBS]
  • Federal lawyers said that Capitol bombing material witness Leslie Bacon has admitted her participation in plans to bomb a New York City bank. [CBS]
  • The Supreme Court upheld the right of a jury to decide life or death sentences. At San Quentin, California, 94 men are facing the death penalty; the Supreme Court decision may result in some executions. No one has been executed since 1967.

    Ohio Governor John Gilligan said that no executions will take place in his state until the Supreme Court rules on the constitutionality of the death penalty. [CBS]

  • President Nixon called on North Vietnam to agree to the internment of Vietnam war POWs in Sweden. [CBS]
  • U.S. troop strength in Vietnam is now below 272,000. [CBS]
  • The Cambodian Chief of State has asked Lon Nol to become leader again, with actual power delegated to Deputy Premier Sisowath Sirik Matak. [CBS]
  • South Vietnam President Thieu and Vice President Nguyen Cao Ky are reportedly no longer speaking to each other. [CBS]
  • In Jordan, Secretary of State Rogers viewed contested Mideast territory from a helicopter, and met with King Hussein. Rogers then continued to Beirut, Lebanon, where Palestinians staged an anti-American march.

    It was reported that Vice President Aly Sabry of Egypt was fired by President Sadat because he opposes Egypt's proposed federation with Libya, North Africa and Syria. [CBS]

  • Walter Ulbricht resigned as leader of the East German Communist party; Deputy Erich Honecker replaced him. [CBS]
  • President Nixon announced a $2.6 billion tax break for business last January; Senator Charles Percy supports plan but Senator Birch Bayh says that the tax break violates the constitution. [CBS]
  • James Earl Ray, the convicted assassin of Martin Luther King, was caught in an escape attempt at Brushy Mountain State Prison in Tennessee. [CBS]
  • Florida has imposed mandatory water rationing in central and south Florida due to the drought. [CBS]

Stock Market Report

Dow Jones Industrial Average: 932.41 (-9.34, -0.99%)
S&P Composite: 103.29 (-0.66, -0.63%)
Arms Index: 0.80

Total Volume16.12
* 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
April 30, 1971941.75103.9517.49
April 29, 1971948.15104.6320.34
April 28, 1971950.82104.7724.82
April 27, 1971947.09104.3921.25
April 26, 1971944.00103.9418.86
April 23, 1971947.79104.0520.15
April 22, 1971940.63103.5619.27
April 21, 1971941.33103.3617.04
April 20, 1971944.42103.6117.88
April 19, 1971948.85104.0117.73

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