News stories from Wednesday September 15, 1971

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

New York Governor Nelson Rockefeller held a news conference concerning the Attica State Prison riot. Rockefeller says that he refused to enter the negotiations because next time inmates would demand to negotiate with the President. Rockefeller was in touch with the prison by phone. Lawyer William Kunstler called Rockefeller a murderer and said that he should resign; Kunstler called the official version of the events a lie.New York corrections commissioner Russell Oswald said that hostages may have been killed by gunshot wounds because they were dressed in prison uniforms and therefore mistaken for inmates; hostages may also have been used as shields. The death toll is now 42, as a wounded inmate died in the hospital today. All missing prisoners are now accounted for. [CBS] A bombing at a Saigon discotheque killed three people and injured 35. The Saigon police chief said that Senator George McGovern met with the Viet Cong yesterday when his church meeting place was firebombed; McGovern called the statement an insult, a fraud and a farce. [CBS] Surgeon General Jesse Steinfeld said that due to the health risks of phosphate substitutes, the administration is reconsidering restrictions against phosphates; Stanfield now recommends that housewives use phosphate detergents. Officials in Chicago, Illinois, and Suffolk County, New York will continue enforcing the phosphate ban. [CBS] Hurricane Edith is expected to hit the Louisiana coast tomorrow. [CBS] Industrial production was down 0.8% for August. [CBS] Treasury Secretary John Connally refused to devalue the U.S. dollar at a meeting of the 10 richest Western nations; the U.S. dollar fell on world money markets. [CBS] The National Governors conference in Puerto Rico has ended. An anti-busing proposal was voted down 22-14. Senator Edmund Muskie said that he considers busing to be a tool for desegregation, but not the only one; he dislikes the inconvenience of busing, but also dislikes segregation and the inequality of educational opportunity, therefore he believes that busing must be used to solve the problem.Muskie continues his undeclared presidential candidacy. [CBS] A federal grand jury indicted two officials of a textbook firm on charges of falsifying Lurleen Wallace's campaign contributions on income tax records; a construction executive was indicted for falsifying tax records to hide a bribe to former Alabama financial administrator Seymore Trammell. [CBS] Reverend Ralph Abernathy led a march in Butler, Alabama, in protest of an injunction against demonstrations; police arrested Abernathy and 150-200 marchers. [CBS] Lufthansa Airlines announced reductions in trans-Atlantic fares beginning next February; other airlines are expected to follow suit. [CBS]

Stock Market Report

Dow Jones Industrial Average: 904.86 (+3.21, +0.36%)
S&P Composite: 99.77 (+0.43, +0.43%)
Arms Index: 0.63

	Issues	Volume*
Advances	659	5.68
Declines	661	3.59
Unchanged	342	1.81
Total Volume		11.08

* 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 14, 1971	901.65	99.34	11.41
September 13, 1971	909.39	100.07	10.00
September 10, 1971	911.00	100.42	11.38
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