Slowly rotating cylindrical object ~75' above intersection

As a six year old child I still very clearly remember an incident in March of 1973 outside of my home in Sacramento, CA.  
We had just returned home and my parents were inside watching television.  I was outside playing in the street when I felt I was being observed and looked up.  About 50-75 feet (?) above (I will send a Google Street View of the location) I saw a whitish cylindrical object with a few black lines silently hovering above and slowly rotating (I’ll also email a crude drawing).  
I watched it for about 20 seconds, fascinated, when I remembered that I had recently been given a cheap pair of plastic toy binoculars.  
Unsure of what I should do, I bolted into the house to get the binoculars so I could see more detail.  I yelled at my parents that there was something in the sky as I ran toward my bedroom.  One of them said that the TV news had reported that a meteor had been spotted.  
By the time (2-3 minutes) I made it back outside, the object had d! isappeared.  
Even at that age I felt I had seen something very important and decided to write down the date on a piece of paper which I would always keep (of course it only took a couple of months before I lost it!).
Witness elects to remain totally anonymous; provides little contact information.  PD