News stories from Friday October 5, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Vice President Spiro Agnew's lawyers issued subpoenas to discover the origin of news leaks affecting the Maryland grand jury probe. The Justice Department refused comment regarding subpoenas allegedly issued to Attorney General Elliot Richardson, assistant Attorney General Henry Petersen and U.S. attorney George Beall. Lawyers also served subpoenas on reporters including CBS's Fred Graham. Subpoenas were issued to Time and Newsweek magazines as well. Time magazine vice president Donald Wilson believes that the sources of news leaks in the Agnew probe shouldn't be revealed, and he intends to keep his sources private. If reporters refuse to reveal their sources, a jail sentence for contempt of court is likely.
The government's key witness, former Maryland state roads commissioner Jerome Wolff, is ready to testify against Agnew.
[CBS] - Miami Beach officials intend to prove that Republican bugging of Democrats during the 1972 campaign was not limited to the Watergate Hotel. G. Gordon Liddy's plan involved bugging the Democratic headquarters at their national convention in Miami Beach. Dade County states attorney Richard Gerstein stated that officials believe Liddy's bugging plan was in fact carried out; an investigation is underway.
Both the Senate and grand jury Watergate investigators insist that no information regarding the Florida case is available to them. Unconfirmed reports say that New York police officials are also looking into the possible planting of bugs by three New York detectives in the Democratic headquarters in Miami Beach last year.
[CBS] - Police in Boston have begun making arrests following a wave of recent attacks by blacks against whites. Boston Mayor Kevin White admitted that there is racial tension in Boston, but he believes the extent of the problem is being blown out of proportion; police captain James MacDonald acknowledged that although some racial incidents have occurred, the matter seems to have been brought under control now. [CBS]
- A large Japanese crowd awaited the arrival of the U.S.S. Midway at Yokosuka, Japan, the tanker's new home base. Some Japanese protested the Midway's presence there. [CBS]
- Palestine terrorists warned that they will attack any nation supporting the emigration of Soviet Jews to Israel. Austrian Chancellor Bruno Kreisky apparently received a warning from the Jewish Defense League hinting at a world-wide Jewish counterattack for Kreisky's decision to close a transit station to Soviet Jews. [CBS]
- Secretary of State Henry Kissinger met with Egyptian foreign minister Mohamed el Zayyat to discuss proposals for ending the Middle East conflict. [CBS]
- A mass walkout was staged at the United Nations after it voted to reject the credentials of the South African delegate. The walkout occurred as the South African representative was preparing to speak. [CBS]
- The September unemployment rate held steady at 4.8%. [CBS]
- The recent reductions in wholesale food prices will eventually reach the consumer, according to the Nixon administration. Economic adviser Herb Stein explained the outlook for food prices over the next six months. [CBS]
- There are concerns that new rounds of peace talks in Northern Ireland may provoke new violence. [CBS]
- The Department of Health, Education and Welfare proposed a new plan to find the fathers of welfare children. [CBS]
- The last four U.S. POWs who were charged with misconduct while prisoners in Vietnam -- John Young, James Daly, Alfonso Riate, Fred Elbert -- have all been cleared. [CBS]
- In July of 1971, Sgt. Richard Penry received the Medal of Honor for his actions in Vietnam. Penry was arrested as a cocaine dealer in California today. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 971.25 (+15.35, +1.61%)
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* |
| October 4, 1973 | 955.90 | 108.41 | 19.73 |
| October 3, 1973 | 964.55 | 108.78 | 22.04 |
| October 2, 1973 | 956.80 | 108.79 | 20.77 |
| October 1, 1973 | 948.83 | 108.21 | 15.83 |
| September 28, 1973 | 947.10 | 108.43 | 16.30 |
| September 27, 1973 | 953.27 | 109.08 | 23.66 |
| September 26, 1973 | 949.50 | 108.83 | 21.13 |
| September 25, 1973 | 940.55 | 108.05 | 21.53 |
| September 24, 1973 | 936.71 | 107.36 | 19.49 |
| September 21, 1973 | 927.90 | 107.20 | 23.76 |