News stories from Thursday May 27, 1971

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

No progress was reported at the Paris Peace Talks. 75 relatives of American POWs or MIAs watched the delegations enter the talks. North Vietnamese negotiator Xuan Thuy says that the U.S. must set a withdrawal date in order for negotiations to progress.Mail concerning U.S. POWs was sent to North Vietnam's Paris delegation; the delegation refused to accept the letters and returned POW-related mail to its senders. Other letters ended up in a Paris warehouse. [CBS] South Vietnamese forces have reportedly driven North Vietnamese troops from Snoul, Cambodia, in heavy fighting.The U.S. is using a new aerosol bomb in the Vietnam war; it spreads an explosive mist and has the effect of a 500-pound bomb. [CBS] Senator Robert Taft, Jr. will run in the Ohio presidential primary in order to assure Republican delegates for President Nixon. [CBS] President Nixon met with King Faisal of Saudi Arabia in Washington, DC, and discussed the Mideast situation. [CBS] Soviet President Podgorny and President Sadat signed a five-year treaty; the USSR pledged continued military support to Egypt. [CBS] The Soviet seaman who attempted to defect to America by jumping from his ship to a U.S. coast guard cutter was sentenced by the USSR to 10 years in a labor camp for treason. [CBS] Four Soviet Jews were sentenced to up to three years in prison for printing and distributing anti-Soviet material in the USSR. [CBS] Six hijackers forced a Rumanian airliner to fly to Vienna, Austria, where the hijackers then surrendered to the Austrian police. [CBS] Representatives Robert Steele and Morgan Murphy reported that soldiers in South Vietnam face a greater danger of heroin addiction than combat injury; they urged U.S. withdrawal from Indochina if drug traffic is not halted. [CBS] Three white men are charged with the murder of a black girl, Joetha Collier, in Drew, Mississippi. Mayor W.O. Williford said that he believes the girl was not the target of the shooter. [CBS] Angela Davis' co-defendant Ruchell Magee kicked the defense attorney at his trial. [CBS] So far, 14 bodies of murdered migrant workers have been found in a Yuba City, California orchard. Juan Corona has been charged with the slayings. [CBS] Interior Secretary Rogers Morton said that he won't approve the building of new power plants in Colorado, Utah, Arizona or New Mexico until a study of the effects on the environment is made. [CBS] In response to complaints by other teachers, the White House said that Julie Eisenhower asked for no special favors in being assigned a teaching post in Jacksonville, Fla. [CBS] Britain's Queen Elizabeth asked Parliament for more money to run the Royal household.; the "New Statesman" said that she doesn't deserve it, causing a furor in Britain. [CBS] The U.S. suffered a balance of payments trade deficit for the first time in two years last month. [CBS] The rise in the import of foreign foodstuffs and the decline in agricultural exports is affecting the American farm situation. Farm parity between the value of farm production and the cost of farm supplies and equipment is down from 74% in 1968 to 69% now. 20 million people have moved from the country to suburbs and cities in the last 25 years; that population trend must be halted; service institutions and small industry must relocate to rural areas. [CBS] The John F. Kennedy Center in Washington, DC will hold a preview opening tonight, 3,500 people will pay $100 apiece to attend the preview, where three orchestras will perform. The center will open to the public in September. [CBS]

Stock Market Report

Dow Jones Industrial Average: 905.78 (-0.63, -0.07%)
S&P Composite: 99.40 (-0.19, -0.19%)
Arms Index: 0.91

	Issues	Volume*
Advances	570	5.19
Declines	716	5.95
Unchanged	372	0.91
Total Volume		12.05

* 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 26, 1971	906.41	99.59	13.55
May 25, 1971	906.69	99.47	16.05
May 24, 1971	913.15	100.13	12.06
May 21, 1971	921.87	100.99	12.09
May 20, 1971	923.41	101.31	13.34
May 19, 1971	920.04	101.07	11.74
May 18, 1971	918.56	100.83	17.64
May 17, 1971	921.30	100.69	15.98
May 14, 1971	936.06	102.21	16.43
May 13, 1971	936.34	102.69	17.64