News stories from Monday August 30, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Busing plans began as many schools opened today. [CBS]
- The California Supreme Court ruled that raising funds for schools from local property taxes is unconstitutional. [CBS]
- U.S. Ambassador Ellsworth Bunker met with President Nguyen Van Thieu concerning the South Vietnam national assembly elections yesterday. Almost 79% of registered voters participated in the election. Some candidates charged that the election was rigged; anti-government candidates who were elected are likely to be more vocal than before. President Thieu is expected to point out that high voter turnout is proof that free and orderly elections can be held.
Nixon administration officials are placing the South Vietnamese elections in the best possible light; White House press secretary Ron Ziegler stated that the White House is pleased with the elections, and officials pointed to higher voter turnout than in the last elections. South Vietnam's presidential election is not expected to be contested.
[CBS] - Enemy attacks in South Vietnam continued. [CBS]
- Italy charges that the Greek ferry boat had twice as many passengers on board as it should have when it caught fire; the ferry captain has been charged with homicide. [CBS]
- Col. Oran Henderson's trial continued. Henderson is charged with covering up the My Lai massacre by failing to conduct a proper investigation. Defense attorneys maintain that Henderson was too busy fighting the war to act as a detective. [CBS]
- In San Francisco, a man with a shotgun killed a sergeant at a police station and wounded a clerk, then escaped. [CBS]
- The National Transportation Safety Board recommends that those under the age of 21 should be issued probationary drivers' licenses. [CBS]
- A typhoon hit southern Japan, killing 17. [CBS]
- New Jersey Governor William Cahill declared the state a disaster area from tropical storm Doria. [CBS]
- Economic adviser Paul McCracken reported that the Nixon administration is deciding on less severe restraints following the 90-day freeze. [CBS]
- The U.S. dollar held steady on money markets; France's financial minister predicted that world currencies will be replaced by paper gold. [CBS]
- Eight more cities have been placed on the substantial unemployment list; those are cities which have at least 6% unemployment. [CBS]
- Georgia railroads have agreed to rescind freight rate increases. [CBS]
- Murderer Nathan Leopold has died at age 66; Leopold spent his life after parole atoning for the 1924 murder of 14-year-old Bobby Franks which he committed along with Richard Loeb. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 901.43 (-6.72, -0.74%)
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* |
| August 27, 1971 | 908.15 | 100.48 | 12.49 |
| August 26, 1971 | 906.10 | 100.24 | 13.99 |
| August 25, 1971 | 908.37 | 100.41 | 18.28 |
| August 24, 1971 | 904.13 | 100.40 | 18.70 |
| August 23, 1971 | 892.38 | 99.34 | 13.04 |
| August 20, 1971 | 880.91 | 98.33 | 11.89 |
| August 19, 1971 | 880.77 | 98.16 | 14.19 |
| August 18, 1971 | 886.17 | 98.60 | 20.68 |
| August 17, 1971 | 899.90 | 99.99 | 26.79 |
| August 16, 1971 | 888.95 | 98.76 | 31.72 |