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Friday November 17, 1972
. . . where the 1970s live forever!

News stories from Friday November 17, 1972

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

  • The final peace talks between Henry Kissinger and North Vietnam's Le Duc Tho and Xuan Thuy are scheduled to begin in Paris in less than 72 hours. Kissinger received his final instructions today from President Nixon at Camp David, Maryland. The administration hopes to have the POW's home for Christmas but cautioned against over-optimism.

    Le Duc Tho arrived in Paris for his rendezvous with Kissinger and denounced the U.S. for not having already signed the draft peace agreement. Tho demanded a bombing halt and an end to U.S. arms reinforcement of South Vietnam. He did not, however, attack the Thieu government, leaving open the possibility of a modification of the peace proposal. An unprecedented amount of advance publicity and number of officials are accompanying Kissinger and Tho, indicating the decisiveness of the negotiations.

    There are currently 145,000 North Vietnamese troops in South Vietnam; Kissinger wants 30,000 of them to be withdrawn, but the U.S. does not agree with President Thieu that all should be withdrawn. An international supervisory force from Hungary, Poland, Indonesia and Canada will oversee the cease-fire. The U.S. is seeking North Vietnam's assurance that a coalition government will not be set up in South Vietnam. [CBS]

  • The Baton Rouge campus of Southern University is closed as investigations begin into the violence which left two black students dead. Louisiana Governor Edwin Edwards said that the police may have fired buckshot, thinking it was tear gas. The National Guard has cleared students off the Baton Rouge campus, but protests continued on the New Orleans campus, where students demanded the resignation of the university president and more state money for the predominately black university. Governor Edwards stated his willingness to negotiate with the students, but not if they undertake militant means of protest. Edwards said that if the two dead students were killed with a shotgun, it was by someone other than the police. But one student said that the incident was planned; he claims that witnesses saw the police fire, then pick up cartridges and fire again. [CBS]
  • Senator Peter Dominick of Colorado said that President Nixon damaged party unity by not campaigning more for Republican senate candidates; Dominick's colleague Gordon Allott was defeated. [CBS]
  • From 1946 to 1955 Juan Peron ruled Argentina with an iron hand. The people loved him, but the military rose up against him and Peron went into exile. Today, after 17 years, Peron flew home. In Buenos Aires, crowds turned out in the rain to cheer Peron's return. 30,000 troops were on hand to prevent demonstrations. [CBS]
  • An all-black female jury convicted former Senator Daniel Brewster of accepting illegal gratuities designed to influence his vote on postal legislation. Speigel, the Chicago mail-order firm, paid Brewster $14,500. [CBS]
  • Former Senator Edward Long of Missouri died last week with a $2 million estate. He left his wife and daughter $10.00 each, and the remainder of his estate went to his granddaughter. [CBS]
  • Federal narcotics agents arrested two reputed leaders of an international heroin-smuggling ring. Frenchmen Christian David and Michel Nicoli were seized at Kennedy Airport in New York City as they arrived from Brazil. David had been sentenced to death in France for the 1966 murder of a police inspector. He is also suspected of the kidnap-murder of Moroccan political leader Mehdi Ben Barka. [CBS]
  • British Prime Minister Edward Heath toured Northern Ireland and said he found the situation to be greatly improved. But during his visit a policeman was killed by a bomb, two taverns were bombed, and Anita Currie was beaten and tortured in Belfast.

    Currie stated that the two men who beat her were seeking information on the whereabouts of her husband, a Catholic leader. She said that the men used a knife to carve the letters UVF on her chest. Austin Currie, the victim's husband and a member of Northern Ireland's Parliament, said that Heath's presence in the country could have prompted the attack. The letters "UVF" stand for Ulster Volunteer Force, a militant Protestant group. [CBS]

  • U.S. Steel announced that it will increase prices an average of 2.7% effective in early 1973. [CBS]
  • Ford recalled 40,000 cars and trucks; now General Motors is recalling some vehicles. A General Motors V.P. said that warranty repairs could destroy the company. [CBS]
  • A University of Toronto study lends credence to Dr. Linus Pauling's claim that Vitamin C protects against colds. [CBS]

Stock Market Report

Dow Jones Industrial Average: 1005.57 (+1.88, +0.19%)
S&P Composite: 115.49 (+0.36, +0.31%)
Arms Index: 0.80

Total Volume20.22
* 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
November 16, 19721003.69115.1319.58
November 15, 1972998.42114.5023.27
November 14, 19721003.16114.9520.20
November 13, 1972997.07113.9017.21
November 10, 1972995.26113.7324.36
November 9, 1972988.26113.5017.04
November 8, 1972983.74113.3524.62
November 6, 1972984.80113.9821.33
November 3, 1972984.12114.2222.51
November 2, 1972973.06113.2320.69

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