News stories from Friday October 27, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Henry Kissinger stated that he needs only one more negotiating session with North Vietnam to work out the final details of the peace agreement. A North Vietnamese spokesman said that officials will be happy to meet with Kissinger on Tuesday in Paris, but only to sign the nine-point treaty, not to talk. Kissinger expects to hold the critically important meeting with North Vietnam next week before the U.S. signs the peace treaty. Russia is pressuring North Vietnam to meet again with Kissinger. The Nixon administration will not allow South Vietnam President Thieu to veto the negotiations. [CBS]
- President Thieu of South Vietnam insists that peace depends on his signing the treaty. He probably won't stand in the way, however. In Saigon, a pro-Thieu demonstration was held today; Thieu greeted the demonstrators on the palace steps. [CBS]
- Communist forces staged 124 attacks in South Vietnam over the past day, the most in four years, near Saigon and in the Central Highlands; two Americans were killed. Over North Vietnam, an F-4 Phantom jet was downed but its crew was rescued. [CBS]
- President Nixon vetoed several bills in order to prevent tax increases. The bills which were vetoed include: Labor-HEW, public works, mining research and training, airport development, flood control, national cemeteries, federal marshals' pay raises, a rehabilitation program; and veterans' health care. House Speaker Carl Albert said that the vetoes demonstrate President Nixon's insensitivity to the needs of people. [CBS]
- President Nixon made a campaign radio broadcast on agriculture, announcing the sale of 12 million bushels of corn to China. [CBS]
- The bugging of the Democratic national headquarters in the Watergate building has escalated into a high-level campaign of political sabotage and espionage. Former FBI agent Alfred Baldwin spent three weeks listening to and logging wiretap reports from a room in the Howard Johnson motel near the Watergate. Baldwin says that the people working with him were White House aides and CIA and FBI agents, and he believed he was working for former Attorney General John Mitchell. Baldwin did not question the legality of what he was doing, he merely followed orders.
On June 17, five men were arrested in the act of bugging the Democratic national headquarters: James McCord, Bernard Barker, Eugenio Martinez, Virgilio Gonzales and Frank Sturgis. Others arrested in connection with the case are G. Gordon Liddy and E. Howard Hunt. White House counsel Charles Colson has also been implicated. $114,000 was found to have gone from the Nixon campaign fund through Liddy to Barker. Baldwin says that logs of the wiretaps went to the Committee to Re-Elect the President.
The White House has denied any involvement in the wrongdoing. McCord, Liddy, Hunt, Mitchell and Hugh Sloan have been fired or left their jobs following the disclosure of the case. But the Washington Post charges that Watergate was only a small part of a broad campaign of political espionage and sabotage against the Democratic party. The Post reported that Donald Segretti, a 31-year-old California resident, was a recruiter of spies for Republicans. He served as an Army attorney in Vietnam in '68-69, and associates from that era say that Segretti asked them to spy for the Republicans. Segretti tried to recruit at least 12 attorneys for political espionage. A fake letter from Edmund Muskie about Senators Henry Jackson and Hubert Humphrey is credited to the sabotage campaign. Segretti is linked to Hunt and presidential attorney Herbert Kalmbach. He went to college with several men who are now in the White House, including Dwight Chapin, President Nixon's appointments secretary.
The Washington Post claims that Segretti is part of a massive spy operation, and White House chief of staff H.R. Haldeman is said to be among those controlling a fund for political intelligence. Press secretary Ron Ziegler called the Post's story about Haldeman "character assassination."
[CBS] - An American tourist has been arrested in Israel in connection with the mailings of letter bombs to President Nixon, Secretary of State Rogers and Secretary of Defense Laird. Dennis Feinstein of Stockton, California, was seized as he tried to cross the border into Lebanon. [CBS]
- For 20 years the FBI maintained secret files on members of Congress and candidates. Acting FBI director L. Patrick Gray has ordered the practice halted. [CBS]
- Violence over busing continued in New York City. In Brooklyn, 100 whites tried to block the entrance of 30 blacks to a junior high school. [CBS]
- Funeral services were held today in New York City for Jackie Robinson, the first black major league baseball player; Robinson's old Dodger teammates honored him. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 946.42 (-4.14, -0.44%)
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 26, 1972 | 950.56 | 110.99 | 20.79 |
| October 25, 1972 | 951.38 | 110.72 | 17.43 |
| October 24, 1972 | 952.51 | 110.81 | 15.24 |
| 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 |