News stories from Monday January 8, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- For the last two days, the downtown New Orleans Howard Johnson hotel has been the scene of a search for a sniper or snipers who are believed to be hiding on the hotel's roof. Since the ordeal began, seven persons have been killed (three police officers, one hotel employee, two guests and one sniper) and at least 17 have been wounded.
Police attacked a utility structure on the roof that was believed to be a sniper's hiding place. Three officers were wounded slightly by their own ricocheting bullets. No sniper was found. The incident started with simultaneous fires, which killed three people, in several parts of the hotel; police and firemen were then shot at by a sniper. The dead include the New Orleans deputy police superintendent. It now appears that either there only ever was one sniper, or a second sniper escaped through police lines, but neither conclusion seems likely.
[CBS] - The U.S. and North Vietnam resumed secret peace talks at Gif-sur-Yvette, France. Henry Kissinger, William Sullivan and the North Vietnamese delegation led by Le Duc Tho met again today to discuss peace in Vietnam. Both sides appeared grim.
North Vietnam compared President Nixon with Adolf Hitler and warned the Soviet Union not to push North Vietnam into a quick settlement of the war; the negotiators want the U.S. to sign the October agreement. They say that after the October settlement was reached, Kissinger changed his mind and demanded that North Vietnamese troops withdraw from South Vietnam, and they claim he also demanded that neutralists be dropped from the proposed International Committee for Reconciliation, leaving only pro- and anti-Communist blocs. Hanoi rejected both of those demands. Nobody feels that "peace is at hand" any longer.
[CBS] - Seventeen thousand pounds of bombs fell on Danang Air Force Base in South Vietnam today. Ten Americans were injured, seven aircraft were damaged and four fuel tanks destroyed. Officials acknowledge that U.S. warplanes accidentally bombed the base. An investigation has been ordered. [CBS]
- Defense Secretary Laird stated that no more than 5,500 men will be drafted this year; the draft is set to expire in June. [CBS]
- The trial of seven men who are accused of bugging the Democratic party's national headquarters at the Watergate hotel last June has begun in Washington. The first defendant to arrive was James McCord, an ex-security consultant to the Nixon re-election campaign. G. Gordon Liddy, who served as counsel to the finance Committee to Re-Elect the President, arrived smiling. E. Howard Hunt, an ex-White House consultant, also arrived. The four other defendants are Eugenio Martinez, Frank Sturgis, Virgilio Gonzales and Bernard Barker. Assistant U.S. attorney Earl Silbert read a list of 60 witnesses the government plans to call, among them Jeb Magruder, deputy director of President Nixon's re-election campaign.
Jury selection got underway. Defense Attorney Henry Rothblatt said that he might consider a guilty plea for his clients if a good deal is offered. Apparently the prosecution does not plan to call major GOP campaign officials associated with the case, such as John Mitchell and Maurice Stans.
[CBS] - The Democratic party named Joseph Cole as its new finance chairman. [CBS]
- Israel and Syria clashed again today. Israel raided guerrilla hideouts near the Golan Heights. Israeli settlers in the area were forced to go underground during the fighting. Syria claims to have shot down four Israeli planes and admits losing three planes. [CBS]
- Philadelphia's teachers union called a strike again, forcing the shutdown of half of the city's schools. 260,000 students are affected by the strike. [CBS]
- The worst ice and snow in a long time invaded the South; 30% of Atlanta is without electric power. The Georgia Power Company is getting help from other states, but the situation is very bad. Pine trees are falling under the weight of ice and snow and destroying power lines. Even worse weather in said to be in store for Atlanta. [CBS]
- Adolph Zukor was honored in Hollywood on his 100th birthday. Hollywood stars such as Bob Hope gathered to give a birthday party for the founder of Paramount Pictures. Along with Sam Goldwyn and Jack Warner, Zukor is the last of the breed that founded Hollywood. Zukor said that he hopes films will continue to improve. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 1047.86 (+0.37, +0.04%)
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* |
| January 5, 1973 | 1047.49 | 119.87 | 19.33 |
| January 4, 1973 | 1039.81 | 119.40 | 20.23 |
| January 3, 1973 | 1043.80 | 119.57 | 20.62 |
| January 2, 1973 | 1031.68 | 119.10 | 17.09 |
| December 29, 1972 | 1020.02 | 118.05 | 27.55 |
| December 27, 1972 | 1007.68 | 116.93 | 19.10 |
| December 26, 1972 | 1006.70 | 116.30 | 11.12 |
| December 22, 1972 | 1004.21 | 115.83 | 12.54 |
| December 21, 1972 | 1000.00 | 115.11 | 18.29 |
| December 20, 1972 | 1004.82 | 115.95 | 18.49 |