News stories from Monday March 6, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Senate Judiciary Committee continued to investigate charges that International Telephone and Telegraph promised to help finance the Republican national convention in return for a favorable settlement of its antitrust suit. Dr. Victor Liszka testified today regarding the ability of ITT lobbyist Dita Beard, who is in the cardiac ward at a Denver hospital, to testify before the Senate next week. Mrs. Beard saw ITT officials in New York last week.
Senator Marlow Cook objected to questions requiring the doctor to violate the confidential relationship with his patient. Dr. Liszka says Mrs. Beard assured him that no deal transpired in the ITT settlement, but she was scolded by Attorney General Mitchell and wrote the memo while angry. Dr. Liszka added that Mrs. Beard is often in an unstable mental condition and he further stated that Mrs. Beard did not object to his testimony and admitted that her mental condition could have affected the validity of the memo.
Brit Hume, an associate of columnist Jack Anderson, said that Dr. Liszka omitted testimony that ITT officials told Mrs. Beard to "get lost" and that Liszka discussed his testimony with Justice Department officials. Reporters have been trying to locate Mrs. Beard. She flew to Denver last Thursday after purportedly telling Rep. Bob Wilson that ITT had put her on leave. She had planned to stay with friends, but was admitted to a Denver hospital with chest pains. The FBI served her with a subpoena at the hospital, and her children have visited, but otherwise Mrs. Beard has remained in seclusion. A heart specialist stated that she cannot face the stress of a committee hearing; the committee may come to the hospital to get her testimony.
[CBS] - The New Hampshire presidential primary vote is set for tomorrow. The Democratic primary ballot includes Muskie, McGovern, Hartke, Yorty and Cole; a write-in campaign is underway for Rep. Wilbur Mills. The main contenders are Muskie and McGovern. Edmund Muskie of Maine is campaigning hard to try to achieve a large margin of victory. Muskie attended a cribbage match at a Polish club in order to remind voters of his Polish ancestry. He hopes to win at least 50% of the vote. But George McGovern has gained strength in New Hampshire, and some say that he may even beat Muskie.
On the Republican side, President Nixon is dominating the New Hampshire primary without even coming to the state. Pete McCloskey is opposing the President from the left, and John Ashbrook from the right. Busing, unemployment and crime are not major issues in New Hampshire, and thus New Hampshire does not accurately reflect the nation as a whole.
[CBS] - President Nixon's commission on school financing reported that dependence on property taxes for schools should be abandoned. [CBS]
- The President met with his cabinet regarding school busing; six black administration officials also attended. [CBS]
- Mississippi Rep. William Colmer, chairman of the House Rules Committee, announced that he will not seek re-election. Rep. Ray Madden of Indiana is next in line to become chairman. [CBS]
- The Defense Department reported that the Soviet Union is attaching multiple warheads to land-based missiles. Defense Secretary Melvin Laird called for support of the new Pentagon budget. [CBS]
- Defense Secretary Laird announced a draft call of 15,000 men during the next three months; 50,000 men will be called in 1972. [CBS]
- Three U.S. soldiers were killed in an explosion while stacking ammunition at Long Binh, South Vietnam. Sabotage is suspected. [CBS]
- In Belfast, Northern Ireland, 50 people were injured in a bomb blast. A hotel in Londonderry was the site of another explosion. [CBS]
- At the French-Italian border, French customs officials seized a car from Turkey which contained 321 pounds of morphine base. [CBS]
- Hugh Addonizio, the former Mayor of Newark, N.J. who was convicted of extortion, surrendered to federal officials and will begin a 10-year prison term. [CBS]
- A long strike is now predicted for UAW members at the General Motors plant in Lordstown, Ohio. [CBS]
- Two years ago the Supreme Court ruled that defendants are entitled to lawyers at preliminary hearings. Today the Court held that the ruling is not retroactive. Justice William Brennan said that thousands of cases should not be reopened. The Court also ruled that states have the authority to require women to take their husband's name when they marry, in a case involving an Anniston, Alabama, woman. [CBS]
- Tiny Tim and his wife, Miss Vicki, have separated. They were married on the Johnny Carson show in December, 1969, and have one daughter, Tulip Victoria. Miss Vicki wants a career, and Tiny Tim is in debt. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 950.18 (+7.75, +0.82%)
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 3, 1972 | 942.43 | 107.94 | 20.42 |
| March 2, 1972 | 933.77 | 107.32 | 22.20 |
| March 1, 1972 | 935.43 | 107.35 | 23.67 |
| February 29, 1972 | 928.13 | 106.57 | 20.32 |
| February 28, 1972 | 924.29 | 106.19 | 18.20 |
| February 25, 1972 | 922.79 | 106.18 | 18.18 |
| February 24, 1972 | 912.70 | 105.45 | 15.86 |
| February 23, 1972 | 911.88 | 105.38 | 16.77 |
| February 22, 1972 | 913.46 | 102.29 | 16.67 |
| February 18, 1972 | 917.52 | 105.28 | 16.59 |