News stories from Monday July 26, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Apollo 15 was launched at Cape Kennedy, Florida, this morning; astronauts later pulled the Endeavor command module away from the booster rocket and linked with the Falcon lunar module. The only problem so far is with the engine control valves, possibly due to an electrical short. The astronauts are scheduled to land on the moon at 6:15 EDT on Friday; the engine problem will be tested tonight. [CBS]
- The Senate failed to limit debate on the loan to Lockheed Aircraft Corporation; a two-thirds majority is needed to cut off debate. The Nixon administration was surprised at not even getting a majority in the 42-47 vote.
Senator William Proxmire called the attempt to end debate after only three days an example of "red carpet treatment" for Lockheed. Treasury undersecretary Charles Walker stated that the administration expects to win on Wednesday; Senator John Tower will call for a vote to cut off debate on Wednesday, Thursday and Friday.
[CBS] - A Labor Department survey showed that the average income of a non-white family was up 50% in the 1960's. But while half of white families made more than $10,000 in 1969, only ¼ of non-white families did as well.
A National Urban League study stated that black families are strong and steady.
[CBS] - President Nimeiry of the Sudan had four more attempted coup leaders executed, and other coup participants are under arrest in Khartoum. Those who were arrested are being interrogated; there is mounting evidence of a conspiracy involving the Sudanese Communist party and foreign socialist governments. Coup leader Babakr Al-Nur Osman was reportedly executed today. [CBS]
- An Israeli politician reported meetings between officials of Israel and the People's Republic of China. [CBS]
- Vice President Spiro Agnew arrived in Portugal; he will return to the U.S. on Wednesday. [CBS]
- South Vietnam General Duong Van Minh announced his candidacy for President. [CBS]
- Capt. Ernest Medina's trial has begun at Fort McPherson, Georgia; jury selection is underway. If Medina doesn't like the jury after it's chosen, he may decide to be tried by the judge only. [CBS]
- The Pentagon's version of the Pentagon Papers will not be released until September; Defense Secretary Laird said that immediate release might hurt the legal rights of some.
Daniel Ellsberg is writing a book about the Vietnam war; he says that he will give his royalty advance to children who were wounded in the war.
[CBS] - Senator Edward Kennedy said that the possibility of assassination is the biggest factor in his not wanting to be a presidential candidate next year. [CBS]
- Railroad strike negotiations broke down; the Labor Department is reportedly working on a bill to force a settlement. The UTU is threatening to strike six more railroads on Friday. [CBS]
- Several people were injured in Seattle when a monorail slammed into a bumper at the end of the line; 27 of 40 passengers were hurt, and two are in critical condition. The cause of the accident is not yet determined. [CBS]
- The Union of Concerned Scientists said that the Atomic Energy Commission should stop licensing nuclear reactors to create electricity, and should review safety rules. [CBS]
- Nine-year-old Kevin Dye still being hunted in Casper, Wyoming. Searchers have decided to use just dogs and their trainers to find Kevin; Kevin has been hiding for eight days and was last seen on Saturday. [CBS]
- Bon Vivant Inc. has filed for bankruptcy; the company's products were taken off the market recently after a man died of botulism from eating a can of Bon Vivant vichyssoise soup. [CBS]
- Black Panther prisoners in a New Orleans prison held two guards hostage then released them after a meeting with the mayor. The guards were released because the prisoners were promised that they wouldn't be punished, but Sheriff Louie Made says that the prisoners will be charged. [CBS]
- Heart and lung transplant patient Adrian Herbert is reported in very satisfactory condition; Dr. Christiaan Barnard performed the operation two days ago. [CBS]
- A cholera epidemic is killing East Pakistani refugees in India. Some refugees are living in pipes intended for use in constructing a water and sewage system; families spend time squatting in lines for food and water. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 888.87 (+1.09, +0.12%)
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* |
| July 23, 1971 | 887.78 | 98.94 | 12.37 |
| July 22, 1971 | 886.68 | 99.11 | 12.57 |
| July 21, 1971 | 890.84 | 99.28 | 11.92 |
| July 20, 1971 | 892.30 | 99.32 | 12.54 |
| July 19, 1971 | 886.39 | 98.93 | 11.43 |
| July 16, 1971 | 888.51 | 99.11 | 13.87 |
| July 15, 1971 | 888.87 | 99.28 | 13.08 |
| July 14, 1971 | 891.21 | 99.22 | 14.36 |
| July 13, 1971 | 892.38 | 99.50 | 13.54 |
| July 12, 1971 | 903.40 | 100.82 | 12.02 |