News stories from Wednesday January 24, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The initialing of the Vietnam cease-fire settlement was done yesterday. Today, Henry Kissinger explained the complex agreement he reached with North Vietnam's Le Duc Tho. Secretary of State Rogers will get a list of American POWs and MIA's in Paris on Saturday after the formal signing of the agreement. Within 15 days, 100 POWs will be released. Kissinger stated that POWs will be returned at periodic intervals of 15 days, and noted that the December bombing is what made this settlement possible. He asked China and Russia to exercise restraint in giving military aid to North Vietnam. Kissinger claims that no secret understandings were reached with North Vietnam, and he feels that a cease-fire in Laos and Cambodia will come soon.
The agreement does not mention North Vietnamese troops which currently occupy South Vietnam. The Soviet news agency Tass quoted North Vietnam Premier Pham Van Dong as calling the settlement a "great victory." In Paris, Le Duc Tho said that the December bombing only delayed the peace agreement, but didn't change it. Congress was briefed about the agreement by President Nixon. Afterwards, Senate Republican leader Hugh Scott said that Nixon is thankful to all who served in Vietnam, adding that peace there is still fragile. General William Westmoreland says that problems lie ahead in Vietnam, and he expects guerrilla fighting to continue.
[CBS] - The Viet Cong claim that they will strictly observe the cease-fire. In Saigon, President Thieu addressed his nation about the cease-fire on television and radio, but the people of South Vietnam are unimpressed by the new developments. South Vietnamese troops hope to return to civilian life, but South Vietnam is bracing for an expected upsurge in fighting. Communists in South Vietnam have already begun a campaign to convert people to their side. [CBS]
- Since the war began, the U.S. has lost 45,933 men in combat in Indochina, and 10,298 others died from non-combat causes. The allies have lost 650,000 soldiers and 415,000 civilians; 935,000 were wounded. The allies claim 925,000 enemy dead. The U.S. has 589 known POWs and 1,340 MIAs. The war has cost the United States $137 billion. [CBS]
- More than 30,000 people came to view Lyndon Johnson's body in Austin, Texas. The body was then taken to Washington, DC for services on Thursday. Former Secretary of State Dean Rusk said that L.B.J. would have been happy about Vietnam peace. [CBS]
- Kidnappers released two American diplomats in Port-au-Prince, Haiti, after the government freed 12 political prisoners and paid $70,000 ransom. The kidnappers were given safe passage to Mexico. [CBS]
- Judge John Sirica said that he won't allow the defense to argue that the bugging of Democrat party headquarters by James McCord was justified by his fears of violence against prominent Republicans. [CBS]
- Court-ordered busing to achieve racial balance in schools began today in Memphis, Tennessee. Parents are boycotting the busing; 40,000 white students stayed home. [CBS]
- The U.S. trade deficit for 1972 was $6.4 billion. [CBS]
- Two more volcanic craters exploded on an Icelandic island. The volcano threatens to split the island in half. Fifty-five hundred residents have been evacuated. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 1004.59 (-14.07, -1.38%)
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 23, 1973 | 1018.66 | 118.22 | 19.06 |
| January 22, 1973 | 1018.81 | 118.21 | 15.57 |
| January 19, 1973 | 1026.19 | 118.78 | 17.02 |
| January 18, 1973 | 1029.12 | 118.85 | 17.81 |
| January 17, 1973 | 1029.12 | 118.68 | 17.68 |
| January 16, 1973 | 1024.31 | 118.14 | 19.17 |
| January 15, 1973 | 1025.59 | 118.44 | 21.52 |
| January 12, 1973 | 1039.36 | 119.30 | 22.23 |
| January 11, 1973 | 1051.70 | 120.24 | 25.05 |
| January 10, 1973 | 1046.06 | 119.43 | 20.88 |