News stories from Wednesday June 9, 1971

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

The White House replied to former Defense Secretary Clark Clifford's claim that North Vietnam would release American POWs when the U.S. sets a withdrawal date from South Vietnam. The White House charged that Clifford is exploiting the POWs for domestic political purposes, making the North Vietnamese appear to be flexible when they actually are not. Secretary of State William Rogers said that North Vietnam has not informed U.S. Paris Peace Talks negotiator David Bruce of any change in their attitude toward releasing U.S. POWs.Senator Edward Kennedy charged President Nixon with playing politics with POWs and the Vietnam War, but Senator Hubert Humphrey said that he believes President Nixon wants peace as much as anyone. [CBS] The Senate called for a 270,000 man ceiling on the draft for the next two years. [CBS] The administration struck a defensive tone in their commencement speeches at military academies. At West Point, Defense Secretary Melvin Laird told Army graduates that they should never be defensive about their profession. In Colorado Springs, Vice President Agnew told Air Force academy graduates that they face a world where their efforts, patriotism and sacrifice will be denigrated. Agnew said that America represents the greatest hope for the world against formidable enemies.West Point graduate Lt. John Vequist took asylum in Sweden after he was ordered to South Vietnam. The Air Force has charged Capt. Thomas Culver with violating the military code of justice for participating in an antiwar demonstration. [CBS] Rep. Seymour Halpern estimates that 60,000 soldiers in South Vietnam are using drugs, especially heroin, a figure which represents 20% of the total U.S. forces in South Vietnam. [CBS] 300 South Vietnamese reinforcements arrived at besieged South Vietnam Fire Base 5; heavy fighting continued 12 miles east of Phnom Penh, Cambodia. [CBS] Israeli Premier Golda Meir asked the U.S. for more military aid in order to counteract the new Egypt-USSR treaty. [CBS] Soviet Premier Kosygin reaffirmed his willingness to negotiate mutual European troop reductions with the United States. [CBS] East Pakistani refugees who have fled to India are threatened by a cholera epidemic; 2 million of the 5 million refugees have been inoculated so far. [CBS] Deputy Defense Secretary David Packard told the Senate Banking Committee that approval of the $250 million Lockheed Aircraft Corporation loan could avert short term problems, but would set a dangerous precedent. [CBS] Attorney General John Mitchell said that the Nixon administration wants to change the emphasis on fairness for the accused in trials. [CBS] Imprisoned Reverend Daniel Berrigan was taken to a hospital after experiencing heart and breathing trouble. [CBS] A consumers union report says that pet turtles may be sources of salmonella poisoning. [CBS] Wildlife officials are trying to determine the cause of death of various kinds of wildlife at Lake Apopka, Florida. [CBS] The captains of four Cuban fishing boats were sentenced to six months in jail and fined $10,000 apiece for unauthorized fishing in U.S. waters. [CBS]

Stock Market Report

Dow Jones Industrial Average: 912.46 (-2.55, -0.28%)
S&P Composite: 100.29 (-0.03, -0.03%)
Arms Index: 0.74

	Issues	Volume*
Advances	526	5.61
Declines	821	6.47
Unchanged	285	2.18
Total Volume		14.26

* 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*
June 8, 1971	915.01	100.32	13.61
June 7, 1971	923.06	101.09	13.80
June 4, 1971	922.15	101.30	14.40
June 3, 1971	921.30	101.01	18.79
June 2, 1971	919.62	100.96	17.74
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