News stories from Wednesday June 2, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Army has accused General John Donaldson of murdering six Vietnamese civilians and assaulting two others; the Army also accused Col. William McCloskey of murdering two Vietnamese civilians. Donaldson said that the investigation report is one-sided, but he has full confidence in the Army and the judicial system and believes he will be vindicated. The Pentagon stated that both Donaldson and McCloskey are accused of firing at civilians from helicopters. [CBS]
- Enemy forces are fighting within 10 miles of Phnom Penh, Cambodia. U.S. planes destroyed equipment which was abandoned when South Vietnamese forces retreated from Snoul, Cambodia. Nine soldiers were killed in three helicopter crashes. [CBS]
- The hijacked Pan Am plane arrived in Miami from Cuba. The plane had been held for four days in Cuba, reportedly as barter for Cuban fishermen who were being held by the United States. Pilot George Ashley said that no one would say why they were held an exceptionally long time in Cuba. The State Department denied using the fishermen to trade for the release of the Pan Am plane. [CBS]
- King Hussein of Jordan ordered a crackdown on Palestinian guerrillas. [CBS]
- President Sadat reportedly has assured the U.S. that the new Egypt-USSR treaty will not affect negotiations for reopening the Suez Canal. [CBS]
- President Nixon recommends a national offensive against drug use. Anti-administration congressmen believe that U.S. forces being withdrawn from South Vietnam will keep the drug problem from worsening. Narcotics bureau director John Ingersoll testified before a House committee and said that governments in southeast Asia are profiting from narcotics traffic and protecting it; he believes that proposals for a worldwide ban on opium production would be far from universally supported. [CBS]
- President Nixon announced a $300 million program to provide summer jobs for teenagers this year; the National Urban League asked the administration for $6 billion to provide jobs for blacks. [CBS]
- The House defeated the administration's job training revenue sharing bill and passed a Democrat alternative instead. Earlier, Treasury Secretary John Connally testified before the House Ways and Means Committee and said that he expected the committee to allow a House vote on revenue sharing. Committee chairman Wilbur Mills repeated his doubt that the administration's bill will ever leave the committee. [CBS]
- Court records show that 390,000 telephone taps and hidden microphones last year resulted in only 2,000 arrests. [CBS]
- Environmental Protection Agency director William Ruckelshaus said that Congress must strengthen pesticide laws to prevent the poisoning of eagles. [CBS]
- A suit has been filed to halt the unlimited killing of polar bears. [CBS]
- The Penn Central Railroad announced the sale of 10 blocks of Manhattan which it owned. [CBS]
- Juan Corona, who is suspected of murdering several California migrant workers, was arraigned; Corona pleaded not guilty. Police continue to search for buried bodies. [CBS]
- Yippie leader Abbie Hoffman was indicted for inciting a riot during the Washington, DC antiwar demonstrations; he pleaded not guilty and was released on bond. [CBS]
- A federal judge dismissed the cases of parents of three of the slain Kent State University students; the parents were seeking $11 million in damages from the state of Ohio. [CBS]
- A Cook County, Illinois, grand jury has indicted Chicago alderman Fred Hubbard on charges of stealing $100,000 from the Chicago Plan for Equal Opportunity; Hubbard disappeared last May. [CBS]
- In Springfield, Illinois, Rep. Wilbur Mills continued his tour of speaking to state legislatures against the Nixon administration's revenue sharing plan. Mills says that he is not a candidate for President but would accept the nomination; Mills explained that his voting record on civil rights just reflects his desire to have his constituents re-elect him to Congress. [CBS]
- New York Times home economist Jean Hewitt says that the White House recipe for Tricia Nixon's wedding cake would result in "mush and soup" due to too many egg whites. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 919.62 (+5.97, +0.65%)
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* |
| June 1, 1971 | 913.65 | 100.20 | 11.93 |
| May 28, 1971 | 907.81 | 99.63 | 11.76 |
| 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 |