News stories from Tuesday December 21, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Austrian Ambassador Kurt Waldheim was nominated to the post of U.N. Secretary General, succeeding U Thant. Waldheim is supported by the Soviet Union. [CBS]
- New Pakistani president Zulfikar Ali Bhutto is seeking a settlement with Bangladesh leaders. Sheik Mujibur Rahman was transferred from prison to house arrest. Nurul Amin was named Vice President. Four Pakistanis were executed in Dacca, Bangladesh, on Sunday as Bengalis continue taking revenge. Five men were bound and then beaten by Bengalis as a crowd cheered. [CBS]
- European money markets opened today for the first time since the devaluation of the U.S. dollar. [CBS]
- House Speaker Carl Albert attacked President Nixon's economic policy and predicted a Democrat victory on that issue in 1972. [CBS]
- The Pentagon is quickly planning for massive U.S. air attacks on North Vietnam. The attacks could be retaliation for four American planes which were shot down over the weekend, and the capture of four crewmen. All of the captured crewmen showed fear when they were put on display in Hanoi. [CBS]
- Communist pressure around Phnom Penh has been somewhat relieved by Cambodian troops, and Prak Ham was reached by government troops. In Laos, Communists captured the Plain of Jarres and hit the base at Long Cheng. [CBS]
- The White House authorized more imports of heating oil, as New England fears a shortage. [CBS]
- More bombings and shootings were reported in Londonderry and Belfast, Northern Ireland. A Catholic pub was bombed in Belfast, killing the owner; the IRA claimed responsibility. A bicycle shop was also bombed. [CBS]
- A shrimp boat hijacking in Freeport, Texas, turned into a bloody shoot-out. The crew of the "Mr. Tucker" turned on the hijackers, killing the men and injuring a woman. [CBS]
- Cuba is permitting an American merchant ship and the U.S. Coast Guard to come to the aid of the stricken ship "Calypso"' within Cuban territorial waters. [CBS]
- Police in Kansas City, Missouri, used a World War II armored personnel carrier in subduing berserk gunman Billy Rocher. The carrier knocked down the front wall of his house. [CBS]
- A New York Supreme Court judge-designate is being charged with receiving stolen U.S. Treasury bills. Seymour Thailer and three others are accused. [CBS]
- President Nixon returned to Washington after his Bermuda summit with British Prime Minister Edward Heath. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 888.32 (+3.31, +0.37%)
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 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 |
| December 9, 1971 | 852.15 | 96.96 | 14.71 |
| December 8, 1971 | 854.85 | 96.92 | 16.65 |
| December 7, 1971 | 857.40 | 96.87 | 15.25 |