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Tuesday September 14, 1971
. . . where the 1970s live forever!

News stories from Tuesday September 14, 1971


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

  • Yesterday, New York corrections commissioner Russell Oswald stated that Attica prison hostage victims had their throats cut; today a medical examiner said that autopsies revealed the victims were shot. Prison officials had previously claimed that the inmates had no guns.

    Several hundred inmates have been transferred away from Attica. The prison is being cleaned up and the search for prisoners' weapons is continuing; no guns have been found. The death toll stands at 31 inmates and 10 guards; five inmates are still missing. [CBS]

  • 200 inmates at a Baltimore jail rioted in the cafeteria; guards used tear gas to quell the riot. [CBS]
  • New York City Mayor John Lindsay is arguing for stronger gun laws, and he called for the nationwide registration of all handguns. Senator Roman Hruska noted that New York City is unable to enforce gun control laws, so what state can possibly do so? Lindsay claims that national gun control legislation is necessary to safeguard citizens and policemen. Hruska said that Lindsay and New York state are endangering policemen by not enforcing existing laws. [CBS]
  • Assistant Attorney General William Rehnquist told a Senate committee that juries shouldn't have to reach unanimous verdicts to determine guilt or innocence in trials; he also said that appeals shouldn't be allowed on questions not dealing with guilt or innocence. [CBS]
  • The House repealed the Emergency Detention Act. [CBS]
  • One third of San Francisco children were absent from school today because of the continuing busing boycott. Anti-busing picketers caused the General Motors plant at Pontiac, Michigan, to close when only 40% of workers showed up, even though the UAW told workers to cross the picket lines. [CBS]
  • Alabama Governor George Wallace's 1968 campaign fund director, Seymore Trammell, has been indicted for not reporting his total income for 1967-68. [CBS]
  • 14 people are believed to have drowned in flash floods in Chester and Norristown, Pennsylvania. [CBS]
  • The U.S. dollar fell on world money markets. [CBS]
  • Lockheed Aircraft Corporation has received a $750 million loan from 24 banks to build Tri-Star airbuses. [CBS]
  • A firebomb burned vehicles in Saigon outside a church where Senator George McGovern was meeting with students; U.S. military vehicles were firebombed in Saigon and Hue. [CBS]
  • The Army has made treatment for drug addicts mandatory before discharge. [CBS]
  • A House-Senate committee created a bill requiring President Nixon to explicitly approve the upcoming Amchitka Island, Alaska, nuclear blast. [CBS]
  • Soviet scientists have developed a radiation process for alcohol to create cognac in 10-15 days instead of three years. [CBS]


Stock Market Report

Dow Jones Industrial Average: 901.65 (-7.74, -0.85%)
S&P Composite: 99.34 (-0.73, -0.73%)
Arms Index: 1.36

IssuesVolume*
Advances4012.30
Declines1,0127.92
Unchanged2911.19
Total Volume11.41
* 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
DateDJIAS&PVolume*
September 13, 1971909.39100.0710.00
September 10, 1971911.00100.4211.38
September 9, 1971915.89100.8015.79
September 8, 1971920.93101.3414.23
September 7, 1971916.47101.1517.08
September 3, 1971912.75100.6914.04
September 2, 1971900.6399.2910.69
September 1, 1971899.0299.0710.77
August 31, 1971898.0799.0310.43
August 30, 1971901.4399.5211.14


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