News stories from Friday November 10, 1972

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

White House aide General Alexander Haig is trying to deal with President Thieu for a quick Vietnam cease-fire and Christmas homecoming for American servicemen and POW's. Thieu insists upon wholesale Communist withdrawal from South Vietnam. Haig will try to reach a compromise for peace with Thieu, who seems ready to accept an internationally supervised election, but not a coalition government. [CBS] North Vietnam is hedging on their concession to allow President Thieu to remain in charge of South Vietnam's government until new elections are held. Now they are again demanding Thieu's ouster before a peace agreement can be signed, and also demanding an end to the recent surge of American military supplies being sent to South Vietnam. For his part, Thieu requires the withdrawal of North Vietnamese troops from South Vietnam, Laos and Cambodia. [CBS] Communist forces are still trying to grab as much South Vietnamese real estate as they can prior to a cease-fire, but their push has slowed. North Vietnamese infiltration of hamlets in the Saigon area has ended and civilians have resumed the harvest of rice. Air strikes to drive the Communists out have destroyed many hamlets, but villagers are returning. Fighting is expected to resume when a cease-fire again seems near. [CBS] Admiral Elmo Zumwalt, the chief of U.S. Naval Operations, criticized top admirals for racial discrimination in the Navy. His remarks were prompted by racial problems on the carrier Constellation. The Navy ordered rebellious sailors to stand "captain's mast" trial for refusing to report for duty. [CBS] Congressional investigators charged that the government is operating a plush health club in Alaska at Elmendorf AFB for top officers at taxpayer expense. The General Accounting Office revealed its findings to Senator William Proxmire. [CBS] 22 people have been murdered during the past two years from Florida to Oregon with suspicious similarity. A Santa Barbara, California, family consisting of the husband-and-wife team of Sherman and Carolyn McCrary, their daughter Ginger and son Danny have been connected with a string of hold-up murders and kidnappings across the West.Leora Looney was kidnapped from a donut shop in Lakewood, Colorado, then robbed and murdered. Seven crimes in Texas, Utah, Nevada, Kansas, Oklahoma and Florida are similar. [CBS] Inventor Victor Null, who claimed that his new automobile engine functions without pollution, was found murdered yesterday in East St. Louis; he had been shot to death. Null's business associates insisted that he set up an office in a run-down section of East St. Louis although he already had an office in downtown St. Louis. Null's partners had insured his life for $2 million. [CBS] Joseph Lendici was sentenced to 20 years in prison for last May's bomb-extortion attempt against the Queen Elizabeth II luxury liner. [CBS] The state of Georgia filed a suit for $2 million in damages against the freighter which struck a drawbridge near Brunswick. The ship "African Neptune" was said to be traveling at an immoderate speed at the time of the accident. [CBS] White House aides Henry Kissinger, H. R. Haldeman and John Ehrlichman are studying a shake-up of the nation's foreign policy machinery. No State Department representative is participating in the study. [CBS] The six-day occupation of the Bureau of Indian Affairs building by militant Indians caused $2 million damage. The guarantee of amnesty for the occupation does not exempt the Indians from charges for damage and theft. [CBS] Israeli Defense Minister Moshe Dayan toured occupied areas of the Golan Heights which were hit in yesterday's fighting and he promised aid to the area. Only the army and Kibutz residents are permitted to enter the Golan Heights. Syrian shells have damaged much property. Residents are currently dwelling in underground shelters. [CBS] Italy's artistic landmarks are falling victim to environmental changes. In Venice, four bronze horses at St. Mark's Cathedral, which are 1,900 years old, are beginning to rot away from industrial fumes. The bronze doors of the Baptistery in Florence are rotting as the chemical content of the air has changed. Villa Farnezina in Rome, built at the height of the Renaissance, is falling to pieces; its foundations have been weakened by the tremors of traffic. Restoration is being undertaken, but the project has a limited budget. [CBS]

Stock Market Report

Dow Jones Industrial Average: 995.26 (+7.00, +0.71%)
S&P Composite: 113.73 (+0.23, +0.20%)
Arms Index: 0.73

	Issues	Volume*
Advances	955	15.50
Declines	544	6.48
Unchanged	322	2.38
Total Volume		24.36

* 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*
November 9, 1972	988.26	113.50	17.04
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