News stories from Monday October 25, 1971

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

The U.N. is debating the "Two Chinas" policy. Albanian Foreign Minister Nesti Nase spoke today against the policy. He favors having only the People's Republic of China represent the Chinese people in the United Nations. The U.S. and Ambassador George Bush are lobbying to keep Taiwan from being expelled. [CBS] As Taiwan marked the 26th anniversary of the day Japan turned the island back to China, President Chiang Kai-shek, 83, promised to take over the People's Republic of China. A reporter stated that there is no support for Chiang's plan in Taiwan, and no concern from the people over the upcoming United Nations vote. [CBS] Henry Kissinger will leave Peking tonight, where he has been making preparations for President Nixon's visit. [CBS] Soviet Communist party leader Leonid Brezhnev is visiting Paris. Protesters are being kept away; demonstrators set fire to Soviet flags. [CBS] Today was the last day of Soviet Premier Aleksei Kosygin's visit to Canada; a demonstration is planned for tonight. Kosygin goes to Cuba on Tuesday. [CBS] 92 Jews were arrested when they converged on Communist party headquarters in Moscow near the Kremlin. Most of them were later released. [CBS] Attendance at an antiwar protest this weekend in Washington, DC was small due to rain; the Pentagon released 2,000 troops which had been on alert. Vice President Spiro Agnew led Veterans Day activities, placing a wreath on the Tomb of the Unknown Soldier at Arlington National Cemetery and giving a speech afterwards in which he said that Vietnam veterans have borne the brunt of the war's unpopularity. [CBS] 88 people have been killed in South Vietnam as a result of typhoon Hester; thousands are homeless and crops have been ruined. American bases at Danang, Chu Lai and Camp Eagle are heavily damaged. [CBS] Israel Defense Minister Moshe Dayan accused the U.S. of pressuring Israel for political concessions by withholding supplies. [CBS] President Yahya Khan of Pakistan called on United Nations Secretary General U Thant to visit India and Pakistan to help settle border tensions. Artillery fire was reported along the border; Pakistan reported 147 dead due to border clashes. The Pakistani diplomatic mission in New Delhi, India, is ready to send its staff home. [CBS] New York City Mayor John Lindsay is on a political swing through the South; he was in Mississippi to aid Charles Evers' bid for governor. In Laurel, Mississippi, the civic center had to close due to bomb threats, so Lindsay's group met in a church. Lindsay also spoke in Miami, where an aide said that Lindsay expects to win the Democratic presidential primaries. [CBS] On election day, Philadelphia will select a mayor to succeed James Tate. Thacher Longstreth is the Republican candidate in a city where Democrats outnumber Republicans 2-1; the Democratic candidate is controversial former police chief Frank Rizzo.Rizzo, a high school dropout, was a police officer for 27 years and was named as police commissioner in 1967. Longstreth hopes to get the votes of the 30% of the population who are black; black church leaders have endorsed him. Longstreth says that city government must bring blacks and whites together. Rizzo says that he is tired of permissiveness, crime, and dishonest government; he will be firm with those who take advantage of the majority. Longstreth is campaigning everywhere, while Rizzo avoids minority areas and public exchanges. Rizzo is considered to be ahead and is benefiting from the trend to "law and order". [CBS] The autopsy of Detroit Lions football player Chuck Hughes confirmed that he suffered a heart attack. [CBS] Author Philip Wylie, 69, died in Florida; he coined the term "Momism" in his book "Generation of Vipers"; Wylie criticized doctors and brought attention to pollution. [CBS] Paul Terry, the creator of Terrytoons, died today in New York at the age of 84. [CBS] Reverend Billy Graham says that there is a spiritual void in Rome, and he may hold a crusade there. Graham feels that parts of "Jesus Christ, Superstar" are blasphemous, but he thinks the play will be a success. [CBS]

Stock Market Report

Dow Jones Industrial Average: 848.50 (-3.87, -0.45%)
S&P Composite: 95.10 (-0.41, -0.43%)
Arms Index: 1.28

	Issues	Volume*
Advances	434	1.84
Declines	804	4.35
Unchanged	348	1.16
Total Volume		7.35

* 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 22, 1971	852.37	95.51	14.56
October 21, 1971	854.05	95.60	14.99
October 20, 1971	855.65	95.65	16.34
October 19, 1971	868.43	97.00	13.04
October 18, 1971	872.44	97.35	10.42
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