News stories from Wednesday December 13, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Henry Kissinger returned to the U.S. after the latest round of Vietnam peace talks in Paris. Earlier in the day, Kissinger and Le Duc Tho held their 15th meeting which lasted six hours. Kissinger stated that the U.S. and North Vietnam will remain in contact and will decide if further meetings are necessary.
In Washington, the apparent optimism of the Paris negotiators is not present. Press secretary Ron Ziegler implied that no final agreement on the cease-fire has yet been reached. Saigon is demanding that the terms of the cease-fire specify the South Vietnam government's retention of control over all South Vietnamese territory, whether now being held by North Vietnamese troops or not. Hanoi's official Communist newspaper's editorial blasted South Vietnam's insistence that South Vietnam be considered a separate, sovereign state.
[CBS] - An ammo dump near Saigon exploded. No cause has been determined. [CBS]
- The search has been abandoned for the crew of a spy plane which was shot down over North Vietnam. [CBS]
- Fire broke out on the Navy ship U.S.S. Ranger. There is a history of sabotage aboard the carrier, but this time there is no indication that the fire was set deliberately. [CBS]
- Astronauts Cernan and Schmitt began their final moon walk. [CBS]
- Former President Harry Truman's condition worsened. Research Hospital spokesman John Dreves reported that Truman is weaker and has fluid in his lungs. [CBS]
- FDA commissioner Charles Edwards proposed the establishment of advisory committees to oversee drug regulations. The objective is to allow drug companies to be represented in the government's regulation of the drug industry. [CBS]
- An FDA official stated at a Senate hearing that all prescription diet pills now must be labeled with warnings that heavy users can become addicted. [CBS]
- The FDA proposed new rules to limit the amounts of vitamins A and D in non-prescription vitamin products. Overdoses of those vitamins can be dangerous. [CBS]
- Arnold Miller is slightly ahead of Tony Boyle in the United Mine Workers presidential election. [CBS]
- Amtrak banned cigar and pipe smoking in the club cars of its trains after Supreme Court Chief Justice Warren Burger complained to Transportation Secretary Volpe about having to ride in a smoky car. [CBS]
- The Independent Bakers Association said that bakers are threatened with financial disaster. Bakers are being squeezed by the high cost of flour and the limited price at which they can sell bread. They claim that the Soviet wheat deal was the straw that broke the camel's back in driving costs up. [CBS]
- Commerce Secretary Peter Peterson announced that the administration is planning a campaign to reduce food prices. [CBS]
- James Keogh was named to succeed Frank Shakespeare as head of the U.S. Information Agency and Voice of America. [CBS]
- Beginning February 1, 1973, U.S.-Europe air fares will cease to be regulated. Open competition is likely to cause a reduction in fares. [CBS]
- The pilot, copilot, flight engineer and crew all fell asleep on a BOAC plane with 125 passengers aboard en route from Sydney, Australia, to Honolulu, Hawaii. The British Airlines Pilots Association has been demanding fewer flying hours per month. [CBS]
- The United Nations General Assembly voted to allow the U.S. to reduce its U.N. assessment to 25%. [CBS]
- West Germany's Parliament elected Social Democrat Annemarie Renger as president of Parliament, the first woman ever to hold that position. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 1030.48 (-2.71, -0.26%)
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* |
| December 12, 1972 | 1033.19 | 118.66 | 17.04 |
| December 11, 1972 | 1036.27 | 119.12 | 17.23 |
| December 8, 1972 | 1033.19 | 118.86 | 18.03 |
| December 7, 1972 | 1033.26 | 118.60 | 19.32 |
| December 6, 1972 | 1027.54 | 118.01 | 18.61 |
| December 5, 1972 | 1022.95 | 117.58 | 17.80 |
| December 4, 1972 | 1025.21 | 117.77 | 19.73 |
| December 1, 1972 | 1023.93 | 117.38 | 22.57 |
| November 30, 1972 | 1018.21 | 116.67 | 19.34 |
| November 29, 1972 | 1018.81 | 116.52 | 17.38 |