News stories from Tuesday October 24, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The U.S. and North Vietnam have bargained to the brink of peace, but Henry Kissinger cannot get our ally, President Thieu, to agree. Thieu has called for North Vietnam's withdrawal of its troops throughout Indochina, and guarantees from China and Russia that the cease-fire will work. He has rejected a coalition government for South Vietnam.
Kissinger met with President Nixon and Secretary of State Rogers at the White House today to brief them on his talks with Thieu. He will meet again with North Vietnam's Le Duc Tho in Paris. The State Department believes that North Vietnam and South Vietnam are positioning themselves for a cease-fire, and nothing will be allowed to block a settlement.
[CBS] - President Nixon ordered a curtailment of American air strikes near Hanoi and Haiphong as a gesture of good will during the peace talks. No B-52's flew over North Vietnam today. [CBS]
- The attempt to court-martial Air Force General John Lavelle for unauthorized air strikes over North Vietnam failed. Air Force Secretary Robert Seamans said that Lavelle has been punished enough with forced retirement. [CBS]
- George McGovern, campaigning in New York and Ohio, asked why peace in Vietnam has not come in four years under President Nixon, and is just now being considered with the election upcoming. In Dayton, McGovern cited Watergate and the Soviet grain scandal as examples of Nixon administration corruption. McGovern accused the President of prolonging the Vietnam war for political advantage. The McGovern campaign will stress Watergate in the final days of the race. [CBS]
- Vice President Spiro Agnew confronted hecklers on a college campus in Twin Falls, Idaho, where he criticized Senator McGovern's proposed defense cuts. Agnew blew a whistle to quiet the hecklers. At Brigham Young University, Agnew found the campus audience more polite, and in Salt Lake City he met with Harold Lee, the president of the Mormon church. [CBS]
- The Nixon campaign has spent $10 million more than McGovern; both campaigns are in debt. [CBS]
- Jackie Robinson, the first black player in major league baseball, died at age 53 of a heart attack. [CBS]
- An airplane searching for the lost plane which was carrying Rep. Hale Boggs spotted some debris 30 miles off the Alaska coast. [CBS]
- Reporter Peter Bridge was released from the Newark, N.J., jail after serving 21 days for refusing to answer a grand jury's question about a source for a story he wrote. [CBS]
- A solution for traffic jams was unveiled at the University of West Virginia; the U.S. Department of Transportation inaugurated a system of personal rapid transit on the Morgantown campus. Tricia Nixon Cox spoke at the ceremony and faced some hecklers, whom she dismissed as being a tiny minority in this country. The new transit system is run by computers and comes, like an elevator, when a button is pushed. Developer William Alden said that the system will enable private transport from home to office. [CBS]
- The American Cancer Society reported that there are 29 million ex-smokers in America; it has launched a new anti-smoking campaign. New clinics will help smokers quit, and studies are planned to find out why they start. Former Surgeon General Luther Terry criticized little cigars which are being advertised on radio and TV. [CBS]
- 25 million young people will cast their first election ballots this year. At Harvard University, political activity is not as apparent as it was four years ago, but there is an apathetic inclination to vote for Senator McGovern. At the University of Wisconsin, the student movement is in a state of political paralysis; they are more concerned with good grades and good jobs. McGovern is the student favorite in Madison.
University of Georgia students aren't demonstrating much enthusiasm for the '72 presidential campaign. They lean toward Nixon; some say he is the lesser of two evils. The war issue is paramount. University of California-Berkeley students worked to help McGovern win the California primary, but the Eagleton affair hurt McGovern here. A diligent voter registration drive was held, but the real interest is in state and local propositions.
[CBS] - 21-year-old Douglas Volrath hurled himself through 45 plate glass windows in Pittsburgh. He was under the influence of LSD at the time. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 952.51 (+1.20, +0.13%)
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* |
| October 23, 1972 | 951.31 | 110.35 | 14.19 |
| October 20, 1972 | 942.81 | 109.24 | 15.74 |
| October 19, 1972 | 932.12 | 108.05 | 13.85 |
| October 18, 1972 | 932.34 | 108.19 | 17.29 |
| October 17, 1972 | 926.48 | 107.50 | 13.41 |
| October 16, 1972 | 921.66 | 106.77 | 10.94 |
| October 13, 1972 | 930.46 | 107.92 | 12.87 |
| October 12, 1972 | 937.46 | 108.60 | 13.13 |
| October 11, 1972 | 946.42 | 109.50 | 11.90 |
| October 10, 1972 | 951.84 | 109.99 | 13.31 |