News stories from Tuesday March 9, 1971

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

Defense Secretary Laird called for expansion of the anti-ballistic missile program during his presentation of a military posture report to Congress. Dr. James Fletcher opposes the anti-ballistic missile system, which could affect approval of his appointment as head administrator of NASA. [CBS] A strong lobbying campaign by pro-supersonic transport organizations may result in Congress approving money for the SST. Opponents' claims that lobbyists are spending as much as $350,000 on the supersonic transport campaign were denied. Senator William Proxmire says that the aerospace industry is using SST money to lobby for more SST money. [CBS] An administration official admitted that an FBI agent supplied confidential information to Look magazine connecting San Francisco Mayor Joseph Alioto with the mafia. The agent was disciplined and then retired. [CBS] The Senate again failed to end the filibuster which is preventing filibuster reform. [CBS] The last Army witness contradicted Lt. William Calley's testimony that Capt. Ernest Medina ordered everyone at My Lai to be killed. Three witnesses including Medina will be called by the jury to testify tomorrow. [CBS] Turkey is closing in on the kidnappers of four U.S. Air Force men who were released yesterday. James Gholson, one of the hostages, said that the kidnappers claimed they wanted to liberate Turkey but didn't want to harm the hostages. [CBS] Israeli Defense Minister Moshe Dayan revealed that the families of wanted Arab terrorists are being held in a camp in the Sinai; he denied that it is a concentration camp. [CBS] Lithuanian fisherman Simas Kudirka, who was returned after attempting to defect to the U.S., is reportedly in jail in the Soviet Union. [CBS] Three explosions in St. Louis are believed to have been intended to injure police. Two of the bombs exploded 20 minutes apart in the ROTC building at the University of St. Louis. A police captain stated that the explosions were intense and the bomber must be experienced. [CBS] Fifty-six motorcycle gang members were formally charged with murder of five persons who were killed in a gang fight in Cleveland. [CBS] Securities and Exchange Commission nominee William Casey said that he didn't correctly remember his previous testimony concerning a plagiarism lawsuit. [CBS] Silent film comedian Harold Lloyd has died at age 77. [CBS]

Stock Market Report

Dow Jones Industrial Average: 899.10 (+0.48, +0.05%)
S&P Composite: 99.46 (+0.08, +0.08%)
Arms Index: 0.88

	Issues	Volume*
Advances	814	11.09
Declines	611	7.34
Unchanged	264	2.07
Total Volume		20.50

* 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*
March 8, 1971	898.62	99.38	19.34
March 5, 1971	898.00	98.96	22.43
March 4, 1971	891.36	97.92	17.35
March 3, 1971	882.39	96.95	14.68
March 2, 1971	883.01	96.98	14.87
March 1, 1971	882.53	97.00	13.02
February 26, 1971	878.83	96.75	17.25
February 25, 1971	881.98	96.92	16.20
February 24, 1971	875.62	96.73	15.93
February 23, 1971	870.00	96.09	15.08