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Thursday February 24, 1972
. . . where the 1970s live forever!

News stories from Thursday February 24, 1972

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

  • The Senate voted on an anti-busing amendment; the Mansfield-Scott compromise measure passed by a narrow margin. Parliamentary procedure was used to block a vote on the tougher anti-busing bill of Senator Robert Griffin. Hard-line busing opponents and pro-busing liberals both oppose the compromise. Senator Abraham Ribicoff predicted lawsuits in the wake of the vaguely-worded bill. Liberals hope to defuse the busing issue, but not kill school integration. [CBS]
  • President Nixon and Premier Chou En-lai met for three hours and went sightseeing at the Great Wall and the Ming tombs. [CBS]
  • Communists walked out of the Paris Peace Talks and denounced the U.S. bombing of North Vietnam. The future of the talks is uncertain while President Nixon is in China. [CBS]
  • Reverend Daniel Berrigan was released on parole after serving half of his three-year sentence for destroying draft records in Catonsville, Maryland. Berrigan claims that the war is still the biggest issue in America, and said that President Nixon goes to China in a "trail of blood" from the Vietnam war. [CBS]
  • The Supreme Court overturned Jacksonville's (Fla.) vagrancy law. The court also ruled that witnesses who are promised immunity to testify, must do so. [CBS]
  • The Senate Judiciary Committee approved Richard Kleindienst's nomination as Attorney General. Confirmation by the full Senate is expected. [CBS]
  • The garment industry is seeking to ease the Commerce Department's flame-proof requirement for sleepwear. Mrs. Mary Jean Brehm brought a burned, disfigured child to today's congressional hearing, and she urged that stricter regulations be passed. [CBS]
  • Helicopters rescued the occupants of a burning skyscraper in Sao Paulo, Brazil. Ten people died in the blaze. [CBS]
  • Georgia Governor Jimmy Carter praised George Wallace and criticized Hubert Humphrey; Georgia Lt. Governor Lester Maddox also endorsed Wallace. Governor Carter cited Humphrey's recognition of Wallace for bringing major issues to the attention of the Democratic party; Humphrey accused Carter of misquoting him. [CBS]

Stock Market Report

Dow Jones Industrial Average: 912.70 (+0.82, +0.09%)
S&P Composite: 105.45 (+0.07, +0.07%)
Arms Index: 0.83

Total Volume16.00
* 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
February 23, 1972911.88105.3816.77
February 22, 1972913.46102.2916.67
February 18, 1972917.52105.2816.59
February 17, 1972922.03105.5922.33
February 16, 1972922.94105.6220.67
February 15, 1972914.51105.0317.77
February 14, 1972910.49104.5915.84
February 11, 1972917.59105.0817.85
February 10, 1972921.28105.5923.46
February 9, 1972918.72105.5519.85

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