News stories from Thursday September 16, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Second autopsies confirmed that the hostage victims at Attica State Prison died of gunshot wounds; New York Governor Nelson Rockefeller says that the victims were killed by police bullets. Rockefeller stated that saving so many hostages under the circumstances was extraordinary and he believes that the victims were killed in the crossfire.
State police Major John Monahan said that 25 state policemen and two corrections officials (for identification purposes) were assigned to the hostage rescue mission; 29 of the 38 hostages were rescued.
[CBS] - A staff member at Folsom State Prison was stabbed to death. [CBS]
- The Senate postponed voting on the draft extension bill until tomorrow; President Nixon promised to support a revised military pay raise bill. [CBS]
- President Nixon held an impromptu news conference and said that the Senate would be committing an irresponsible act if doesn't pass the draft bill, and he indicated that the Phase II economic policy will include more than just voluntary restraints. The President stated that the 10% import surcharge won't be removed soon, and that the U.S. will vote to give Taiwan's U.N. Security Council seat to China. [CBS]
- The Senate passed repeal of the Emergency Detention Act. [CBS]
- Marvin Grissom was killed in a shootout with FBI agents after kidnapping Concord, Georgia, bank president T.R. Smith and his family. [CBS]
- Communist negotiators hardened their proposals at the Paris Peace Talks. [CBS]
- Nine South Vietnamese civilians were injured when a U.S. Army truck collided with a bus; 300 bus drivers blocked the entrance to the U.S. base at Long Binh in protest. A violent protest by Buddhist students was reported in Saigon. [CBS]
- Capt. Ernest Medina testified in his own defense at Fort McPherson, Georgia. Medina said that Lt. William Calley was not a very good platoon leader, and he described the incident at My Lai. Medina said that he expected the enemy, not civilians, to be at My Lai; he denied knowing of the massacre while it was happening. [CBS]
- A prosecution witness in Col. Oran Henderson's trial admitted signing a false statement concerning a heavy firefight at My Lai a month after the massacre. [CBS]
- 43 soldiers were arrested for drugs at a U.S. outpost 65 miles from Saigon. [CBS]
- Japanese students are battling police near Tokyo in protest of the construction of an international airport. Three policemen have been killed; students are still holding their positions. [CBS]
- The wealthiest 10 non-Communist nations concluded two days of trade and monetary policy meetings. The U.S. refused to devalue the dollar; other countries warned that the 10% U.S. surcharge on imports could lead to a trade war. [CBS]
- The auto industry promised that savings from the repeal of the 7% excise tax will be passed on to buyers. [CBS]
- Hurricane Edith hit Louisiana with 100 m.p.h. winds; the hurricane created tornadoes throughout the state. Edith has now lost hurricane force winds, but the Appalachians are threatened by heavy rain from the storm. [CBS]
- The consumers union disagrees with the federal government, and it urged housewives not to return to using phosphate detergents. [CBS]
- Look magazine announced that it will cease publication after the October 19th issue. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 903.11 (-1.75, -0.19%)
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 15, 1971 | 904.86 | 99.77 | 11.08 |
| 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 |