News stories from Tuesday May 4, 1971

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

Antiwar demonstrators were arrested in Washington, DC. 3,000 demonstrators marched to the Justice Department, where protesters danced as police made arrests; 1,500 were arrested throughout the capital. More antiwar demonstrations are planned for tomorrow throughout the United States. [CBS] Kent State University marked the one-year anniversary of the slaying of four students by the National Guard. A 26-hour vigil was held for the slain students, and 7,000 people attended memorial ceremonies. Students later massed at the Reserve Officers' Training Corps building. [CBS] Secretary of State William Rogers arrived in Egypt to discuss reopening the Suez Canal. [CBS] North Vietnam repeated their insistence that POWs will be discussed only after the U.S. announces a withdrawal date from Vietnam. [CBS] South Vietnam declared a 24-hour cease-fire for Sunday, Buddha's birthday; enemy forces attacked U.S. troops near the DMZ. [CBS] The Army has filed murder charges against eight helicopter crewmen for strafing Vietnamese civilians. [CBS] West Point cadet Phillip Linder won honorable mention in the United Nations essay contest, with an entry on worldwide disarmament. [CBS] The Air Force estimated the cost of building 240 B-1 bombers at $11 billion; congressional critics estimate the cost at $75 billion. [CBS] Administration budget director George Shultz says that the U.S. won't subordinate its domestic economic needs in the interest of a better overseas balance of payments. [CBS] The case against Black Panther David Hilliard has been dropped due to government wiretapping. Hilliard threatened to kill President Nixon during a speech Hilliard made in San Francisco in 1969. [CBS] James Earl Ray will be confined to a disciplinary area for 30 days because of his prison escape attempt yesterday. [CBS] The government seized the largest marijuana haul in U.S. history in the San Francisco area; eight people were arrested. [CBS] There was a large wedding last night in Onaga, Kansas, where widower David Hunn (with 11 children) married widow Patricia Eber, who has 12 children. Eber says that whether she has any more children is up to God. [CBS]

Stock Market Report

Dow Jones Industrial Average: 938.45 (+6.04, +0.65%)
S&P Composite: 103.79 (+0.50, +0.48%)
Arms Index: 0.68

	Issues	Volume*
Advances	887	11.04
Declines	513	4.33
Unchanged	281	1.95
Total Volume		17.32

* 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*
May 3, 1971	932.41	103.29	16.12
April 30, 1971	941.75	103.95	17.49
April 29, 1971	948.15	104.63	20.34
April 28, 1971	950.82	104.77	24.82
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