News stories from Thursday November 16, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Two black students were killed at Southern University in Baton Rouge, Louisiana, climaxing a day of student protest, including the takeover of an administration building; the office of the registrar was set afire. Protests at the Baton Rouge and New Orleans campuses focused on student demands for a larger voice in university affairs. In Baton Rouge, 300 sheriff's deputies and state policemen carried out Louisiana Governor Edwin Edwards' demand to restore order. Edwards said that a small group of militants caused the trouble, and that while some students sincerely seek a redress of grievances, some seek racial confrontation.
Police cleared the administration building with tear gas. One of the two students who was killed died from a shotgun wound; Sheriff Al Amiss said that police fired no shots. The National Guard has been called in.
[CBS] - The State Department is seeking an agreement with Cuba to prevent hijackings. U.S. officials will meet with Fidel Castro's Cuba for the first time in many years. Secretary of State Rogers, faced with a threatened pilots' strike, asked Swiss Ambassador Felix Schnyder to pass word to Havana. Schnyder indicated that Castro has shown interest in negotiations on hijacking. A major change in U.S. policy toward Cuba is expected. [CBS]
- Civil Aeronautics Board chairman Secor Browne said that ransom demands by hijackers pose a serious threat to the financial stability of U.S. airlines. He cited Southern Airways recent payment of $2 million ransom as an example. [CBS]
- At Camp David, Maryland, President Nixon conferred with Henry Kissinger, who will leave soon for Paris and more talks with North Vietnam's Le Duc Tho. At today's session of the Paris Peace Talks, North Vietnam stated that the draft peace proposal needs no changes. [CBS]
- Nine Americans were killed in Vietnam last week, 26 wounded, and four are MIA. Five of the nine perished in a plane crash aboard the carrier Midway. 481 ARVN were killed last week and 1,544 enemy. [CBS]
- As the Vietnam war ends, South Vietnam's economy is changing. The cost of the war and decreased American aid are creating a poor economic situation for South Vietnam. Entertainment spots for American soldiers are closed. Nguyen Din Quay used to work for an American construction company, but is now jobless. When peace comes, his family will return to farming. Tram Van Tan is an army lieutenant; his family raises extra money with chickens. Tan and his wife are highly educated. Charles Cooper, a U.S. economic counselor in South Vietnam, said he is optimistic about prospects for South Vietnam's postwar economy. [CBS]
- British Prime Minister Edward Heath is visiting Northern Ireland. In Belfast, Heath laid a wreath at a monument to the soldiers and civilians who have been killed in the ongoing violence. Security was heavy. Protestants fear that Britain will sell them out and unite Northern Ireland with the Irish Republic. Catholics fear a new era of Protestant rule. [CBS]
- The U.S. has asked Britain's Royal Air Force to investigate the wreck of Joseph Kennedy, Jr.'s World War II plane. Kennedy's bomber exploded over England; wreckage was scattered over a wide area. Now, 28 years later, Stewart Evans claims to have found parts of the wreckage, including the bombay doors, pieces of undercarriage and the engine. [CBS]
- Pepsi-Cola will be bottled and sold in Russia next year; Pepsi will import Russian vodka, brandy, wine and champagne into the United States. [CBS]
- A Japanese fishing trawler saved the U.S. Coast Guard ship "Jarvis" near Alaska. [CBS]
- Senator Edmund Muskie joined the ranks of Democrats seeking the resignation of Jean Westwood as the party's national chairman. Westwood says that she is determined to keep her job. [CBS]
- President Nixon accepted the resignation of Father Theodore Hesburgh, chairman of the Civil Rights Commission. Hesburgh is president of Notre Dame University. [CBS]
- A California judge sentenced reporter William Farr to jail for refusing to reveal the source of a story on the Charles Manson case. [CBS]
- Juan Peron, who was exiled from Argentina 17 years ago, has left Italy and is on his way home. The Peronist movement, even after 17 years, still actively supports its exiled leader. The Argentinean government is allowing Peron to return so he will run in a presidential election and the economy can recover. General Alejandro Lanusse, the military president, knows that his government is not working. He has called for the return of civilian government and elections with Peronist participation. Public gatherings have been banned during Peron's visit, however. Peronistas include labor unions, the poor, old politicians and young left-wingers. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 1003.69 (+5.27, +0.53%)
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 15, 1972 | 998.42 | 114.50 | 23.27 |
| November 14, 1972 | 1003.16 | 114.95 | 20.20 |
| November 13, 1972 | 997.07 | 113.90 | 17.21 |
| November 10, 1972 | 995.26 | 113.73 | 24.36 |
| 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 |