News stories from Thursday September 7, 1972

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

The bodies of the murdered Israeli athletes have been returned home from the Olympics. Their coffins were displayed in a national ceremony of mourning at the Tel Aviv airport, the site of a similar ceremony for victims of the May 30 airport massacre. The death of her sister prevented Prime Minister Golda Meir from delivering the eulogy. The surviving athletes and the victims' families mourned.The U.S. State Department is working to head off Israeli reprisals against Lebanon, Syria or Egypt, but hopes for a Mideast peace settlement are now shattered. The United States refused Israel's request to withdraw from the Olympic games, and the Nixon administration declined to endorse Congress' resolution calling for a break in diplomatic relations with nations which harbor terrorists. The administration would not discuss George McGovern's suggestion that the U.S. lean on Lebanon and Egypt to expel terrorists from their countries. [CBS] The Palestinian news agency is reporting a build-up of Israeli troops along the Syrian and Lebanese borders; two brief clashes along the Lebanese border were reported. [CBS] The three Arab terrorists who were captured after the Munich airport shootout have been charged with murder and kidnapping.In Munich, the body of American-born Israeli weightlifter David Berger was loaded onto a U.S. Air Force jet to be returned to his parents in Cleveland. Security is tight at the Olympic Village, especially for the East and West German teams. Arab organizations have threatened them with further terrorism unless the government releases the three surviving Palestinian guerrillas. Arabs may mail bombs to German Jews during their week of religious holidays. At the Furstenfeldbruck air base, the scene of the shootout between police and the Arab terrorists, the helicopters where the Israelis died were exhibited. Munich police chief Manfred Schreiber stated that the hostages had no hope for survival if the terrorists were allowed to take them from West Germany. West German politicians called for the expulsion of Arab workers and students in the country. The flags of all nations at the Olympics flew at full staff, and the games resumed today. [CBS] Egypt accused West Germany of having an anti-Arab attitude, and blamed that country for the deaths of the terrorists and their hostages. Libya offered to fly the five dead assassins to Libya for burial. "Black September" terrorists reacted.Arab terrorists are said to be well-established in Italy and France, and have a plot in the U.S. to kidnap prominent American Jews who help Israel. A Palestinian terrorist spokesman in London surfaces from time to time. The Justice Department stated that it knows of no Palestinian terrorist group operating in the United States. [CBS] Two black American track stars, Vincent Matthews and Wayne Collett, finished first and second in the 400-meter dash. They ignored the Star Spangled Banner during the medal ceremony and the crowd booed them. Matthews and Collett denied that their actions were a protest, although Collett gave a "Black Power" salute as he left the arena. [CBS] Communist forces entered Tien Phuoc in South Vietnam and have increased pressure on Danang. [CBS] Two American planes were downed during strikes over Hanoi and Haiphong in North Vietnam. [CBS] One American was killed in Vietnam last week, five are MIA and 26 were wounded. 551 ARVN and 2,744 of the enemy were killed. [CBS] Former Teamsters boss Jimmy Hoffa has been invited to North Vietnam to talk with American POW's, and he has obtained a passport and permission from the parole board. Secretary of State Rogers said that private American citizens should not negotiate with North Vietnam. [CBS] Rep. Frank Thompson has resigned as head of the Democratic party's national voter registration drive. George McGovern, speaking in Texas, admitted that his campaign is having problems raising funds, and he attacked John Connally (the head of Democrats for Nixon) and his "billionaire" friends. [CBS] John Connally ushered Jimmy and John Roosevelt (two of FDR's sons) to the White House to pay a call on President Nixon; both sons support Nixon's re-election. [CBS] McGovern campaign director Lawrence O'Brien charged that the Democratic headquarters break-in was more extensive than previously thought. O'Brien announced that 15 more witnesses, including presidential assistant John Ehrlichman and Republican party chairman Robert Dole, will be called for depositions in the Democrats' lawsuit regarding the Watergate bugging. O'Brien stated that there were taps on several Democrats' phones for several weeks prior to the June 17th break-in, which was to repair a faulty tap and to add a room-listening device. A similar bugging was attempted on May 27 at McGovern headquarters, but failed. O'Brien is asking the Justice Department to release its information on the case, and he accused Attorney General Richard Kleindienst of trying to make a joke out of the "Watergate caper". [CBS] The White House reported that President Nixon will not seek to increase taxes if he is re-elected. [CBS] The government has ordered large food chains to reduce their beef prices. Cost of Living Council director Donald Rumsfeld noted the disparity between retail and wholesale prices. [CBS] A victory in the struggle for equal rights: Father Edward Frederick Sorin founded Notre Dame University as a male university. Women from St. Mary's College held some classes at the university, but this year Notre Dame has accepted female students for the first time. Football players seem to be pleased with the new co-ed conditions; tight end Mike Creaney said that the university is just adding another chapter to the long legend of Notre Dame, not breaking a tradition. Quarterback Bill Etter says that the move speaks well of Notre Dame men. [CBS] President Thieu's brand of democracy in South Vietnam is strong on "law and order"; Thieu is offering $2,500 rewards to policemen who shoot armed robbers. [CBS]

Stock Market Report

Dow Jones Industrial Average: 962.45 (-0.98, -0.10%)
S&P Composite: 110.29 (-0.26, -0.24%)
Arms Index: 1.05

	Issues	Volume*
Advances	518	3.37
Declines	846	5.78
Unchanged	382	1.94
Total Volume		11.09

* 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*
September 6, 1972	963.43	110.55	12.01
September 5, 1972	969.37	111.23	10.63
September 1, 1972	970.05	111.51	11.60
August 31, 1972	963.73	111.09	12.34
August 30, 1972	957.86	110.57	12.47
August 29, 1972	954.70	110.41	12.30
August 28, 1972	956.95	110.23	10.72
August 25, 1972	959.36	110.67	13.84
August 24, 1972	958.38	111.02	18.28
August 23, 1972	970.35	112.26	18.67