News stories from Friday May 28, 1971

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

20 bodies of murdered migrant workers have been found in a Yuba City, California orchard so far; the search for more bodies continues. [CBS] A train collision in West Germany has resulted in 45 deaths; the collision is being blamed on human error. [CBS] A group of women is demanding immediate action to bring home American POWs. The women want President Nixon to agree to withdraw U.S. forces from South Vietnam five months after North Vietnam agrees to release the POWs. [CBS] The Defense Department announced a program for the treatment of heroin addicts in the U.S. military in South Vietnam. [CBS] South Vietnamese forces beat back enemy attacks at Snoul, Cambodia and Pleiku, South Vietnam. [CBS] The Strategic Arms Limitation Talks session in Vienna, Austria, has ended. U.S. Ambassador Gerard Smith thinks that progress will be made in the next session in Helsinki, Finland. [CBS] Canadian Prime Minister Pierre Trudeau returned home after an 11-day visit to the Soviet Union; Canada and the Soviet Union endorsed troop reductions in Europe. [CBS] Treasury Secretary John Connally warned that America will no longer shoulder other nations' economic burdens unless American interests are served; he said that the U.S. will not devalue the dollar. [CBS] The USSR and Egypt signed a 15-year treaty formalizing Russian economic and military support of Egypt; the pact may have resulted in Egypt hardening its position on reopening the Suez Canal. [CBS] Charges have been dropped against 31 blacks in Ruleville, Mississippi, who were arrested while protesting the murder of Joetha Collier. [CBS] Black Panther Bobby Seale is free on bail; his appeal is still pending in connection with the Chicago conspiracy trial. [CBS] A federal appeals court threw out the contempt citation of Sister Jogues Egan relating to questioning about the "Harrisburg 7". [CBS] Jane Fonda has been cleared of charges of trying to smuggle drugs into the United States. [CBS] The DeMartino family took their adopted baby to Florida after a New York court ordered the child to be returned to its natural mother. Nicholas DeMartino says that he moved to Florida because it's a good place to raise a family. Natural mother Olga Scarpetta said that she saw her baby on television news reports and has appealed to the DeMartinos to give the baby back to her. The DeMartinos face 30-day jail sentences if they return to New York. [CBS] Russia launched an unmanned spacecraft toward Mars. [CBS] The U.S. Army admitted dumping 950 tons of poison gas in the Bering Sea 24 years ago; Senator Mike Gravel is concerned that a nuclear test planned for this fall on Amchitka Island, Alaska, may release that poison gas. [CBS] Kidnapers agreed to release British consul Stanley Sylvester after a meatpacking plant agreed to distribute $60,000 worth of food to the poor in Rosario, Argentina. [CBS]

Stock Market Report

Dow Jones Industrial Average: 907.81 (+2.03, +0.22%)
S&P Composite: 99.63 (+0.23, +0.23%)
Arms Index: 1.10

	Issues	Volume*
Advances	712	5.34
Declines	568	4.69
Unchanged	351	1.73
Total Volume		11.76

* 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 27, 1971	905.78	99.40	12.61
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