News stories from Friday June 18, 1971

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

The Washington Post published new portions of the same classified Pentagon report disclosed by the New York Times; the Justice Department is seeking a court order to halt Washington Post publication and the government is seeking a permanent injunction against the New York Times publishing the report. The Times maintains that newspapers cannot submit what they print for government approval; the government maintains that publication of the report damages national security and jeopardizes international relations.Dr. Daniel Ellsberg is believed to be the person responsible for leaking the report to the New York Times; his Massachusetts Institute of Technology office reported that Ellsberg is well but wouldn't say where he is. [CBS] Half of the newspapers in Saigon have been confiscated because they allegedly contained articles harmful to national security; newspapers claim that the confiscation is the result of their reporting of South Vietnam Vice President Nguyen Cao Ky's speech which was critical of President Nguyen Van Thieu's administration. [CBS] The Soviet Union proposed a nuclear disarmament conference which would involve the United States, Britain, France, Red China and the USSR. [CBS] There was rioting in Jacksonville, Florida, last night as a result of a policeman shooting a black. [CBS] Senator Edward Kennedy said that if America doesn't increase our aid, 2 million East Pakistani refugees in India could die by September. The U.S. has pledged $17.5 million for refugee relief. [CBS] The Russian TU-144 supersonic transport made an unscheduled stop in Warsaw, Poland. Mechanics said that two of the engines failed and the plane had cracks in its wings. [CBS] U.S. command in Saigon announced that all personnel leaving South Vietnam will be tested for heroin addiction. [CBS] James Jackson was sworn into the Army a year ago despite refusing the portion of the oath dealing with obeying the President. Jackson has been acquitted by a military court in Honolulu of charges of being AWOL; because he was never properly sworn in, the Army has no jurisdiction over him. [CBS]

Stock Market Report

Dow Jones Industrial Average: 889.16 (-17.09, -1.89%)
S&P Composite: 98.97 (-1.53, -1.52%)
Arms Index: 1.89

	Issues	Volume*
Advances	248	1.41
Declines	1,181	12.69
Unchanged	234	0.94
Total Volume		15.04

* 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 17, 1971	906.25	100.50	13.98
June 16, 1971	908.59	100.52	14.30
June 15, 1971	907.20	100.32	13.55
June 14, 1971	907.71	100.22	11.53
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