News stories from Tuesday April 29, 1975

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

President Duong Van Minh announced the unconditional surrender of the Saigon government and its military forces to the Viet Cong. Columns of South Vietnamese troops pulled out of their defensive positions in the capital and marched to central points to turn in their weapons. This action followed by hours the ending of American involvement through the evacuation of most of the approximately 1,000 Americans remaining in South Vietnam. [New York Times] The United States ended two decades of military involvement in the Vietnam war as helicopters evacuated 1,000 remaining Americans and 5,500 South Vietnamese from Saigon. The final evacuation -- some two hours after the White House had announced its completion -- was the removal of 11 marines from the embassy roof. Officials said these security guards got out safely although small-arms fire had broken out around the deserted building. [New York Times] At least 74 planes of the South Vietnamese air force, including about 30 F-5 fighters, streamed into the U Taphao air base in southern Thailand from South Vietnam without warning. The pilots and passengers -- about 2,000 people -- requested asylum, according to American and Thai officials. More planes are arriving. Thai officials said the aircraft would be returned to "the South Vietnamese government" and the people would have to leave quickly. [New York Times] The new Cambodian government ordered the expulsion of 610 foreigners who had sought refuge in the French embassy in Phnom Penh. France's Foreign Minister, Jean Sauvagnargues, expressed concern that a proposed long road trip to the Thai border, beginning today, would be beyond the strength of some of the weakened foreigners. French demands that a plane ready in Laos be permitted to land to evacuate the ill have gone unanswered. President Valery Giscard d'Estaing issued a statement calling for "an end to this situation, which is contrary to human rights." [New York Times] Republican sources in Congress said they expected President Ford to set in motion shortly a gradual elimination of the remaining price controls on domestic crude oil, which apply to about 60 percent of domestic production. Mr. Ford was expected to defer again an increase in the fee on imported crude oil. [New York Times] There is a trend in American elementary and secondary education, public as well as private, toward systematic efforts to help students identify and develop their personal values. A New York State Education Department official estimated that 80 percent of the schools in the state were doing something in the field of "values clarification" or "moral education." [New York Times] United States and Greek officials announced in Athens that the home-port arrangement for Sixth Fleet ships at Eleusis will be ended and the American air base at Athens Airport closed. The statement said that agreement is also expected on the elimination, reduction and conservation of other United States facilities. Those which remain open will be placed under Greek commanders, the statement said. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 803.04 (-6.96, -0.86%)
S&P Composite: 85.64 (-0.59, -0.68%)
Arms Index: 1.45

	Issues	Volume*
Advances	380	3.49
Declines	1,022	13.62
Unchanged	416	0.63
Total Volume		17.74

* 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*
April 28, 1975	810.00	86.23	17.85
April 25, 1975	811.80	86.62	20.25
April 24, 1975	803.66	86.04	19.05
April 23, 1975	802.49	86.12	20.04
April 22, 1975	814.14	87.09	26.12
April 21, 1975	815.86	87.23	23.96
April 18, 1975	808.43	86.30	22.61
April 17, 1975	819.46	87.25	32.65
April 16, 1975	815.71	86.60	22.97
April 15, 1975	815.08	86.30	29.62