News stories from Monday June 14, 1971

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

The Supreme Court ruled that cities may close public swimming pools to avoid integration. The decision upholds Jackson, Mississippi, closing five pools following an integration order; blacks who are pushing for integration may now lose what recreational facilities they had. [CBS] The Justice Department is suing Black Jack, Missouri, for zoning to prevent the building of a low cost housing project; the suit claims that zoning is a subterfuge for racial discrimination. [CBS] The New York Times published a portion of a classified Pentagon report on U.S. involvement in the Vietnam war; the most controversial disclosure involves a report that former President Lyndon Johnson was planning to escalate the war while running as a peace candidate in the 1964 election.Senator Stuart Symington asked if the Senate Foreign Relations Committee can see the documents since they have been made public. Defense Secretary Melvin Laird says that the classification of the documents has not changed, and publication of the report violates U.S. government security regulations. Senator Barry Goldwater said that he was aware of Johnson's plans to expand the war before the 1964 election; Goldwater knew that the American people were being deceived, but didn't say anything at the time since he doubted the public would believe him because of his public image during the 1964 campaign. [CBS] U.S. planes bombed the enemy in Laos and near Khe Sanh, South Vietnam. U.S. troop strength in South Vietnam has dropped below 250,000. [CBS] The Soviet Union announced that it will help fly East Pakistani refugees from Calcutta to central India. 200,000 refugees have invaded Barasat, India, and a cholera epidemic has broken out among the refugees. [CBS] A U.S. Air Force jet with 24 passengers has disappeared between American Samoa and Hawaii. [CBS] 1,300 National Guardsmen have been called into Albuquerque, New Mexico, to quell rioting which began after police tried to make arrests for public drinking in a crowd of young people. Buildings were set on fire, 13 people were injured by gunshot wounds and 75 were arrested. Further rioting is being reported in Albuquerque tonight. [CBS] Police in Detroit found the bodies of seven people who had been murdered; the murders are believed to be related to a war among black drug dealers. An eighth victim is in critical condition. [CBS] Reverend Bernard Kelly of Providence, Rhode Island, has resigned from the priesthood due to his frustration with the conservatism of U.S. bishops. [CBS] Doctors are trying to keep alive the remaining four of nine babies who were born to Mrs. Leonard Brodrick in Sydney, Australia. [CBS] Banks in Philadelphia and Chicago increased their prime interest rate from 5.5% to 5.75%. [CBS] Industrial production was up 0.7% for May. [CBS] Ford Motor Company is building a $250,000 bulletproof presidential limousine; the White House will lease it for $5,000 per year. [CBS] The U.S. Navy is making uniform changes, eliminating the enlisted man's bell bottom trousers, soft hats and jumper top by 1975. [CBS]

Stock Market Report

Dow Jones Industrial Average: 907.71 (-8.76, -0.96%)
S&P Composite: 100.22 (-0.85, -0.84%)
Arms Index: 1.20

	Issues	Volume*
Advances	384	2.50
Declines	1,015	7.96
Unchanged	273	1.08
Total Volume		11.54

* 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 11, 1971	916.47	101.07	12.27
June 10, 1971	915.96	100.64	12.45
June 9, 1971	912.46	100.29	14.25
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