News stories from Monday October 18, 1971

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

Soviet Premier Aleksei Kosygin's visit to Canada has been marked by demonstrations, bombs found near the Soviet Embassy, and an attempted attack. A member of the Canadian-Hungarian Freedom Fighters Federation attacked Kosygin while he and Premier Pierre Trudeau were taking a walk. Kosygin brushed off the attack; the man was arrested. [CBS] A Soviet naval force was sighted in the Atlantic Ocean near Bermuda; the Defense Department attaches no significance to the event. [CBS] Soviet trade representative Anatoly Chebotarev defected while in Belgium and named 37 Soviet spies there; he is seeking asylum in the United States. [CBS] The United Nations is debating the U.S.'s "Two Chinas" policy. Albanian Foreign Minister Nesti Nase condemned America's imperialist attitude for wanting to separate Taiwan and China; U.S. ambassador George Bush asked for debate without name-calling. A compromise does not seem possible. [CBS] The U.S. is talking with the Soviet Union, France and Great Britain regarding the possibility of war between India and Pakistan. [CBS] Communist forces battled South Vietnamese troops near Saigon. [CBS] Senator Mike Mansfield reportedly will propose cutting off all aid to Cambodia. [CBS] President Nixon flew to Fort Detrick, Maryland, to mark its change from a germ warfare center to a cancer research center. [CBS] The Agriculture Department has given up its efforts to cut the school lunch program for needy children. [CBS] Rep. Leonor Sullivan said that the government doesn't owe everyone a place to live. She accused the leaders of housing projects of not screening applicants carefully and not watching residents after they get in. [CBS] The first of the grounded Air Force C-5As has returned to service; 16 more are expected back in service soon. [CBS] The Washington Post printed a radio transcript of pleas from pilot Brent Downs to the FBI, begging for fuel so that his hijacked plane could take off. After the FBI refused, the hijacker killed his wife, the pilot and himself. The Federal Aviation Administration and the FBI have no comment. [CBS] Treasury Secretary John Connally will attend South Vietnam President Thieu's inauguration as President Nixon's representative. [CBS] Vice President Spiro Agnew met with Greek Premier George Papadopoulos for a third time. Agnew visited the Tomb of the Unknown Soldier in Athens and will visit his father's birthplace on Tuesday. [CBS] An Amoco Oil Company offshore oil well is on fire off the coast of Louisiana; safety valves on the well didn't work. [CBS] Undersea explorer Jacques Cousteau told a Senate committee that ocean life may die in 30-50 years unless water pollution is stopped; he wants industrial nations to get together to stop undersea dumping. [CBS] In Pittsburgh, 100,000 fans greeted the Pirates as they returned home from winning the World Series. Fires were set, cars overturned and some other violence ensued. 98 people were arrested and 100 were injured. Mayor Pete Flaherty called coverage of the incidents an overreaction by the news media and noted that no rapes occurred; he said that some people were unruly but 95% of them were just caught in a massive jam. [CBS] Industrial production increased 0.5% last month, but the rate of homebuilding dropped. [CBS] During the flight of Apollo 15, astronauts David Scott and James Irwin suffered irregular heartbeats. Dr. Charles Berry said that both astronauts lost 15% of their supply of potassium, a key element in regulating heart pace. [CBS]

Stock Market Report

Dow Jones Industrial Average: 872.44 (-2.41, -0.28%)
S&P Composite: 97.35 (-0.44, -0.45%)
Arms Index: 1.28

	Issues	Volume*
Advances	479	2.71
Declines	880	6.35
Unchanged	324	1.37
Total Volume		10.43

* 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*
October 15, 1971	874.85	97.79	13.12
October 14, 1971	878.36	98.13	12.87
October 13, 1971	888.80	99.03	13.54
October 12, 1971	893.55	99.57	14.34
October 11, 1971	891.94	99.16	7.80
October 8, 1971	893.91	99.36	13.87
October 7, 1971	901.80	100.02	17.78
October 6, 1971	900.55	99.82	15.63
October 5, 1971	891.14	99.11	12.36
October 4, 1971	895.66	99.21	14.57