News stories from Thursday November 9, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- General Alexander Haig, Henry Kissinger's deputy, is in Saigon to persuade President Thieu to agree to the peace settlement. At the Paris Peace Talks, the U.S. announced that peace is closer.
American Ambassador William Porter stated that the U.S. delegation was invigorated by President Nixon's massive victory, which represents an endorsement of his Vietnam policy. North Vietnam's Nguyen Minh Vy said that peace is not set for tomorrow because the U.S. still refuses to sign the peace accord. The Viet Cong's Madame Binh accused the Nixon administration of stalling in order to further bomb North and South Vietnam and deliver an unprecedented stockpile of arms to South Vietnam. An American spokesman said he is optimistic that Kissinger will meet soon with North Vietnam to settle the peace plan.
[CBS] - In Charleston, S.C., mine-sweeping helicopters are missing from the naval base, prompting speculation that they're on the way to sweep mines from North Vietnamese ports. The Navy had no comment. [CBS]
- President Thieu's secretary told a group of reporters that in the past 10 days 50,000 Communists in South Vietnam have been arrested, put out of commission, or killed. A Hanoi newspaper claims that 5,000 South Vietnamese were murdered. [CBS]
- 598 South Vietnamese troops were reported killed last week, along with 2,391 enemy and 17 Americans. [CBS]
- Despite 11 years of war, Duc Boa, South Vietnam, remains unchanged. On December 22, 1961, James Davis was killed in the Duc Hoa district near Saigon, the first American to die in the Vietnam war. The district is still a V.C. stronghold. The area is rich with rice and vegetables, and the residents lead prosperous lives. But the government cannot protect the people from Viet Cong terrorism; the Viet Cong also levies taxes on people. The district is on the main infiltration route from Cambodia to Saigon. Vietnamization is almost complete in the area; only three American advisers remain. [CBS]
- Rebellious black crew members of the aircraft carrier Constellation caused the ship to abort maneuvers and dock at San Diego. 120 sailors refused to board the ship, fearing for their safety and demanding that all grievances be settled first. Civilian attorneys negotiated for the blacks. The ship's captain initially refused to grant amnesty to the protesters or to meet with dissident sailors, but then relented and agreed to meet with the sailors. [CBS]
- President Nixon, in an interview with the Washington Star-News, pledged that there will be no tax increase next year. Reporter Garnett Horner took the interview last week in California. Nixon said that the 1972 presidential election was decided when George McGovern was nominated. The President noted the friction between the State Department and Henry Kissinger but said that Secretary of State Rogers is only concerned with progress, not personal glory. Press secretary Ron Ziegler acknowledged that major administration staff changes are forthcoming. [CBS]
- The Democratic party is facing an internal struggle for control. McGovern-Shriver headquarters has been dismantled, but money is still coming in and debts will be paid. McGovern campaign director Frank Mankiewicz will become a lecturer. Rick Stearns, the Western region coordinator, may join the party's charter commission. McGovern campaign manager Gary Hart is going to teach in Colorado; he foresees a power struggle within the party.
Democratic party chairman Jean Westwood vowed that she has no intention of quitting and claims the support of Senators McGovern and Kennedy. Former party chairman Lawrence O'Brien doesn't agree with Mrs. Westwood on maintaining the present direction of the party.
[CBS] - Israel and Syria battled along cease-fire lines after Arab guerrillas from Syria raided Israeli territory. [CBS]
- In Belfast, Northern Ireland, a 13-year-old girl was beaten and her head was shaved for talking to members of a British Army patrol. Also in Belfast, a bomb exploded in the Northern Ireland housing executive's building. [CBS]
- President Idi Amin of Uganda has ordered Asians out of the country. Amin is breaking the Asian stranglehold on his nation's economy by expelling the Indians and Pakistanis who dominate it. Native blacks are jubilant as Asians are being forced to leave vast fortunes behind. Most of the Ugandan refugees are British citizens, so they are going to England. A deserted RAF base has been equipped to accommodate 800 refugees. [CBS]
- The United Nations voted to draw up principles governing the use of satellite TV broadcasting; Russia opposes such communication. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 988.26 (+4.52, +0.46%)
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* |
| November 8, 1972 | 983.74 | 113.35 | 24.62 |
| November 6, 1972 | 984.80 | 113.98 | 21.33 |
| November 3, 1972 | 984.12 | 114.22 | 22.51 |
| November 2, 1972 | 973.06 | 113.23 | 20.69 |
| November 1, 1972 | 968.54 | 112.67 | 21.36 |
| October 31, 1972 | 955.52 | 111.58 | 15.45 |
| October 30, 1972 | 946.42 | 110.59 | 11.82 |
| October 27, 1972 | 946.42 | 110.62 | 15.47 |
| October 26, 1972 | 950.56 | 110.99 | 20.79 |
| October 25, 1972 | 951.38 | 110.72 | 17.43 |