News stories from Monday November 20, 1972

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

Henry Kissinger and North Vietnam's Le Duc Tho met in the village of Gif-Sur-Yvette near Paris today to hold talks on ending the Vietnam war. Tho and North Vietnamese deputy Foreign Minister Nguyen Co Thach want to stick to the terms that were agreed on in advance with Kissinger. Questions include the withdrawal of North Vietnamese troops from South Vietnam, a cease-fire embracing all of Indochina, the re-establishment of the DMZ, and the definition of a proposed "council of reconciliation." Kissinger, General Alexander Haig and deputy assistant Secretary of State William Sullivan are members of the U.S. delegation. Both sides appear optimistic. [CBS] On the eve of the cease-fire, both the U.S. and North Vietnam are rushing to build up their arms supplies in Vietnam. North Vietnam is pushing supplies down the Ho Chi Minh Trail through Laos into Vietnam. The U.S. is bringing in planes, helicopters and armor. [CBS] The U.S. and Cuba may talk about the hijacking problem. Cuba will put the three hijackers of the Southern Airways plane on trial for extortion and other charges. Premier Fidel Castro is worried about an airline disaster occurring on Cuban soil, and he is under pressure from the Soviet Union to do something. [CBS] On the U.S. aircraft carrier Ranger, two dozen acts of sabotage occurred between June and October; one such act caused $800,000 damage. Off the coast of Vietnam, fire broke out on the carrier America, but sabotage has been ruled out as the cause. In Washington, a House committee is investigating racial incidents on the U.S.S. Constellation and Kitty Hawk. Chairman Floyd Hicks says that the purpose is to determine if the incidents were caused by a breakdown in discipline.In San Diego, two black sailors claimed discrimination in medical care, liberty and leave. Radarman Lonnie Brown said that tension on his ship is so bad that he was locked out of his work area by whites. Brown said that racism is an insult to him and to the Navy. Seven protesting sailors from the Constellation have been discharged from the Navy at their request; 113 others were punished for six hours of unauthorized leave and then reassigned. At Annapolis, the home of the U.S. Naval Academy, the Navy had a tradition of strong racial discrimination. Now the academy has classes in "black studies". Vice Admiral William Mace acknowledged that there are more blacks in the Navy than before, so problems are surfacing, and the Navy must get to the root of the problem. Seven freshmen at the academy were recently dismissed for using marijuana. [CBS] Democratic National Committee chairman Jean Westwood might resign. That statement follows the disclosure that George McGovern's followers have approved the selection of George Mitchell of Maine, an associate of Senator Edmund Muskie, as Westwood's replacement. [CBS] The State of Louisiana has appointed a commission to investigate the killing of two students during a confrontation with police at Southern University in Baton Rouge. State Attorney General William Guste said that the commission will include six blacks and six whites; two members will be students. [CBS] The Supreme Court refused to rule on whether schools can paddle children without parental consent. The parents of two Dallas, Texas, high school boys took the case to court after their boys were paddled. [CBS] London celebrated the 25th wedding anniversary of Queen Elizabeth and Prince Philip as members of the royal family and other European monarchs attended celebrations. Prince Charles and Princess Anne gave a dinner dance at Buckingham Palace for their parents. [CBS]

Stock Market Report

Dow Jones Industrial Average: 1005.04 (-0.53, -0.05%)
S&P Composite: 115.53 (+0.04, +0.03%)
Arms Index: 0.84

	Issues	Volume*
Advances	805	8.58
Declines	649	5.84
Unchanged	362	2.46
Total Volume		16.88

* 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 17, 1972	1005.57	115.49	20.22
November 16, 1972	1003.69	115.13	19.58
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