News stories from Monday December 27, 1971

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

U.S. bombers hit North Vietnamese military targets. North Vietnam claims that civilian areas and a school were hit. [CBS] A group headed by press secretary Ron Ziegler leaves Wednesday for Peking to prepare for President Nixon's trip. The presidential staff, television network representatives and Secret Service personnel are included on the trip. [CBS] Vietnam Veterans Against the War took over the Statue of Liberty as part of "Operation Peace on Earth". U.S. withdrawal from southeast Asia is the group's objective; the American flag was flown upside down. The National Park Service brought in riot police from Washington, DC to handle the demonstration. [CBS] Other veterans' protests included a demonstration at Travis Air Force Base, protesting the military's drug program. The demonstration ended peacefully. Twenty-five people led by Vietnam veteran Alfred Hubbard took over Betsy Ross's house in Philadelphia; the Pentagon denies that Hubbard ever served in Vietnam. [CBS] Defense Secretary Melvin Laird says that he foresees no draft calls in January, February or March of 1972. The number of volunteers will determine draft activity. [CBS] Pakistani President Zulfikar Ali Bhutto met with Bangladesh leader Sheik Mujibur Rahman. More than 50 POW camps have been prepared in India; war crime trials by rebels are possible. [CBS] New IRS rules require frozen prices to be displayed on retail items. [CBS] Ex-Teamster president James Hoffa returned to Detroit after meeting with his parole officer. Attorneys are appealing Hoffa's conviction; Hoffa said that the appeal is based on the perjured testimony of one witness. [CBS] The American Association for the Advancement of Science and Progress met in Philadelphia. Senator Hubert Humphrey appeared at the conference and was insulted by delegates. [CBS]

Stock Market Report

Dow Jones Industrial Average: 881.47 (+0.30, +0.03%)
S&P Composite: 100.95 (+0.21, +0.21%)
Arms Index: 0.93

	Issues	Volume*
Advances	753	5.65
Declines	677	4.70
Unchanged	286	1.55
Total Volume		11.90

* 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*
December 23, 1971	881.17	100.74	16.00
December 22, 1971	884.86	101.18	18.93
December 21, 1971	888.32	101.80	20.46
December 20, 1971	885.01	101.55	23.81
December 17, 1971	873.80	100.26	18.27
December 16, 1971	871.39	99.74	21.07
December 15, 1971	863.76	98.54	16.89
December 14, 1971	855.14	97.67	16.07
December 13, 1971	858.79	97.97	17.02
December 10, 1971	856.75	97.69	17.51