News stories from Tuesday May 30, 1972

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

At the Tel Aviv, Israel, airport, two men stepped off an Air France plane and opened fire with automatic rifles and grenades. Ten people were killed and 50 were wounded. The men are thought to be Arab terrorists; one was captured but the other is still at large. [CBS] President and Mrs. Nixon left Russia for Teheran, Iran. Ukrainian officials hosted a farewell dinner for the Nixons at Marinsky Palace last night. This morning the Nixons toured Kiev in a motorcade, passing spectators. They visited St. Sophia Cathedral, built 900 years ago by the ruling prince. President Nixon placed a wreath on the tomb of the Unknown Soldier, while Mrs. Nixon visited Pioneer Palace where Ukrainian children danced for her.In Teheran, the Shah of Iran greeted the President and their motorcade passed by enthusiastic crowds. A reception dinner was held in the palace where the Shah and the Empress live. President Nixon toasted the leader of America's most stable Mideast ally. A banquet luncheon is planned for tomorrow. [CBS] President Thieu of South Vietnam flew to Kontum to promote the commander there; Thieu announced that the Communist siege on the city seems to have been broken, but enemy artillery was heard even as he was speaking. Thieu flew on to Hue and spent the night there. More fighting was reported near An Loc. Some North Vietnamese troops are said to have retreated into Cambodia. [CBS] In North Vietnam, U.S. jets knocked out 16 bridges and caused damage at a rail yard near Haiphong. The Pentagon reports that the air raids and the mining of harbors have slowed the flow of supplies into North Vietnam to a trickle. North Vietnam probably still has enough supplies to mount an attack on Hue, but South Vietnamese forces there are getting stronger. [CBS] More bombings and gunfights have been reported in Northern Ireland. The militant "provisional" wing of the Irish Republican Army says that the cease-fire which was called by the official wing constitutes surrender. The provisionals vowed to fight on.The old songs of Irish Republican struggles still stir the emotions of Catholics in the six counties. The names Connally, Pierce and Plunkett evoke reverence for republicans as they have since the Easter Rebellion of 1916. The IRA has evoked similar sympathy in its efforts to reunite Ireland -- until recently. Divisions have appeared in the attitudes of the Catholic community. Catholic political leader Gerald Fitt wants the IRA to stop its military campaign. The new British administration of William Whitelaw has affected public opinion in Catholic ghettos; the hated Protestant government is gone and many Catholic internees have been freed. British soldiers are ordered to avoid confrontations. A public advisory commission consisting of both Protestants and Catholics has been established. Catholic leader Tom Conaty said that the Catholic community respects Whitelaw and wants the IRA to give peace a chance. The IRA is also losing public support because of its military mistakes. Whitelaw says that the people are now prepared to speak up for peace. [CBS] The Defense Department issued a draft call for 7,200 men in July to be filled by those with lottery numbers from 1-50. [CBS] A federal judge in Washington, DC ruled that the Environmental Protection Agency is responsible for seeing that states don't allow high-quality air to deteriorate. [CBS] The Supreme Court upheld the right of states to reduce welfare aid to families with dependent children to a greater degree than the aged, blind or disabled. [CBS] The Democratic platform committee opened the first in a series of 11 regional hearings. Democrats are meeting in Faneuil Hall in Boston, the cradle of liberty, to launch a new era. Embattled causes are all voicing their demands at the hearings -- the elderly, children, blacks, whites, ethnics, women's liberation and gay liberation.The National Organization for Women stated that women will run their own campaigns for women's causes, and will not just be used as clerical workers. The national gay organization endorsed the rights of gays. Welfare rights activists complained about small welfare payments. Rep. Walter Fauntroy stated that blacks have no permanent friends or enemies, just permanent interests. Organized labor says that the white working class must also be considered. [CBS] The 22-year-old Subversive Activities Control Board has done virtually nothing for the past year. The House has now revitalized the board, changing its name to the Federal Internal Security Board and assigning it the duty of compiling the Attorney General's list of subversives to be used for screening applicants for employment. [CBS] Three children were killed on a rollercoaster at the Battersea Amusement Park in London, England; 17 others were injured. [CBS] 70 miles northwest of Tulsa, Oklahoma, the town of Uncas is going to be replaced by a lake, once the Army Corps of Engineers builds another dam on the Arkansas River. The government condemned the town in order to turn the area into a lake. Rebecca Lee, who was born here in 1885, said that she hates to leave. Former residents returned to bid a final farewell to the town. [CBS] Retiring Treasury Secretary John Connally's statement disclaiming vice-presidential aspirations is not widely believed. As Connally said his farewells to Treasury Department employees today, they lined the stairs to serenade him to the tune of "Get Me to the Church on Time" (from My Fair Lady) -- with lyrics changed to "get me to the polls on time". Connally grinned widely. [CBS]

Stock Market Report

Dow Jones Industrial Average: 971.18 (-0.07, -0.01%)
S&P Composite: 110.35 (-0.31, -0.28%)
Arms Index: 0.95

	Issues	Volume*
Advances	636	6.43
Declines	783	7.55
Unchanged	334	1.83
Total Volume		15.81

* 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*
May 26, 1972	971.25	110.66	15.73
May 25, 1972	969.07	110.46	16.48
May 24, 1972	965.46	110.31	17.87
May 23, 1972	962.30	109.78	16.41
May 22, 1972	965.31	109.69	16.03
May 19, 1972	961.54	108.98	19.58
May 18, 1972	951.23	107.94	17.37
May 17, 1972	941.15	106.89	13.60
May 16, 1972	939.27	106.66	14.07
May 15, 1972	942.20	106.86	13.60