News stories from Friday September 10, 1971

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

Attica State Prison inmates are still holding hostages. The inmates are well organized, and currently hold 30 guards as hostages. Inmates are demanding complete pardons and freedom; some demanded transportation to another country. The inmates believe that they are being reasonable by negotiating instead of demanding, but they warned that hesitation by authorities could cost the lives of the hostages. [CBS] President Nixon met with labor leaders concerning the new economic policy. AFL-CIO president George Meany said that unions will insist that company profits be restrained, and UAW president Leonard Woodcock stated that a no-strike promise is not feasible.The President will meet with business leaders on Monday and agriculture leaders on Tuesday. [CBS] Canadian foreign minister Mitchell Sharp protested that, due to the U.S. wage freeze, raises are being denied to Canadian workers who are employed by Douglas Aircraft of Canada and Chrysler Corporation. [CBS] U.S.-Japan economic talks have ended. Japan agreed to consider revaluation of the yen as part of an international monetary overhaul but refused to co-sponsor the U.S.' "Two Chinas" United Nations policy. Secretary of State William Rogers stated that Japan's refusal is detrimental to efforts to retain Taiwan's seat in the United Nations. [CBS] Senator Henry Jackson called the South Vietnam presidential election a sham and said that he might withdraw his support for future aid to South Vietnam; President Nguyen Van Thieu reportedly will resign if he receives less than 50% of the votes. [CBS] U.S. planes retaliated against anti-aircraft batteries in North Vietnam. 2,000 U.S. soldiers are being used in support of South Vietnam's operation to drive Communists from the northwestern part of the country. Over 12,000 South Vietnamese troops are involved in the operation. [CBS] The judge refused a motion for acquittal in Capt. Ernest Medina's trial; the defense will begin presenting its case on Monday. [CBS] North Vietnam expressed its support for revolutionaries in Northern Ireland. [CBS] Senator Winston Prouty of Vermont has died at the age of 65. [CBS] Six Ku Klux Klansmen were arraigned on charges of bombing school buses in Pontiac, Michigan. Anti-busing pickets marched outside city hall as a protest of the arrest of nine women. The Pontiac Police Officers Association contributed $300 to be used for legal counsel for the women. Pontiac police chief William Hanger said that as long as policemen perform their duties, he believes they have the right to participate in other activities. Thirty to forty percent of school children in Pontiac remain at home. [CBS] Seven blacks were arrested for the dynamiting of a high school in Ayden, North Carolina. [CBS] A school bus driver in Jacksonville, Florida, found a paper bag full of dynamite beneath her bus. [CBS] The FDA reported that no botulism was found in recalled cans of Campbell's vegetable soup. [CBS] Tropical storm Ginger is forming 300 miles south of Bermuda, Hurricane Edith hit the east coast of Honduras, and Hurricane Fern hit the Texas coast. Winds from Fern reached only 72 mph, though flooding occurred in some areas. [CBS]

Stock Market Report

Dow Jones Industrial Average: 911.00 (-4.89, -0.53%)
S&P Composite: 100.42 (-0.38, -0.38%)
Arms Index: 0.96

	Issues	Volume*
Advances	483	3.55
Declines	911	6.45
Unchanged	282	1.38
Total Volume		11.38

* 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*
September 9, 1971	915.89	100.80	15.79
September 8, 1971	920.93	101.34	14.23
September 7, 1971	916.47	101.15	17.08
September 3, 1971	912.75	100.69	14.04
September 2, 1971	900.63	99.29	10.69
September 1, 1971	899.02	99.07	10.77
August 31, 1971	898.07	99.03	10.43
August 30, 1971	901.43	99.52	11.14
August 27, 1971	908.15	100.48	12.49
August 26, 1971	906.10	100.24	13.99