News stories from Tuesday February 6, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- It now appears likely that the release of American POWs will begin on Saturday. [CBS]
- A 12-nation international conference will meet in Paris on February 26. China and Russia are among the participants, as are the United States, South Vietnam, North Vietnam, the Viet Cong and the four International Control Commission nations. [CBS]
- At Quang Tri, South Vietnamese marines are awaiting the arrival of the International Control Commission team. A team was coming to inspect future housing facilities there, but as they approached the city they saw smoke from a battle on the horizon and returned to Hue.
Viet Cong members of the Joint Military Commission arrived at Can Tho. An ICC team went to the airport to meet them, but South Vietnam would not allow contact. The Viet Cong is to be kept isolated, and South Vietnam is pretending that the Viet Cong doesn't exist. The ICC pointed out that peace can only be achieved by good will on all sides.
[CBS] - The U.S. began clearing mines from North Vietnamese waters. [CBS]
- With the cease-fire in effect, the Viet Cong is not so elusive as before. Villages in the Mekong Delta region of South Vietnam display PRG flags, an offense punishable by death in President Thieu's South Vietnam. Villagers celebrated a belated Tet holiday. They say that until today South Vietnamese troops were shelling the area. V.C. soldiers, some carrying American weapons, shook hands with newsmen. Villagers say that they hate American soldiers, but not the American people. [CBS]
- Henry Kissinger leaves tomorrow for Hanoi and Peking. He will also stop in Thailand and Laos. [CBS]
- Seventy-one-year-old Senator John Stennis underwent emergency surgery; his prognosis is grave. Stennis was shot last week during a mugging outside his home in Washington. [CBS]
- President Nixon met with congressional leaders today and threatened to veto any legislation he feels hurts his budget. Congressional committees then vented their anger on administration officials in hearings.
In the House Appropriations Committee, chairman George Mahon lectured Treasury Secretary Shultz on the constitution and demanded that the administration control the budget legally. In the Joint Economic Committee, Dr. Herbert Stein of the President's Council of Economic Advisers was questioned. Rep. Wright Patman said that the administration is performing a charade when it purports to be the sole guardian of fiscal responsibility; Senator William Proxmire said that President Nixon is conducting a "snow job" on the American people.
A constitutional argument about impounding funds took place at a Senate Judiciary Committee meeting. Deputy Attorney General Joseph Sneed insisted that the President must have the power to impound funds; the committee was not impressed. Senator Sam Ervin asked to be shown where the Constitution provides for impounding funds.
[CBS] - Top Nixon officials including John Mitchell will be further questioned in the Watergate case. Judge Charles Richey has unsealed a damage suit brought by Democrats against Republican officials. When asked by Democrat attorney Edward Bennett Williams last September what he knew about the funds given to G. Gordon Liddy, Mitchell replied that he knew nothing of campaign finances. But former campaign treasurer Hugh Sloan testified in the recent Watergate trial that he checked about money for Liddy with finance chairman Maurice Stans, who in turn checked with Mitchell. Stans will also be recalled. [CBS]
- A run on the dollar was reported in European money markets when the dollar began being traded off for the stronger West German mark. West German Chancellor Willy Brandt has summoned international officials to study the situation. [CBS]
- The House continues to consider legislation to shield reporters from being forced to disclose confidential information and news sources. Today's argument concerned unused tapes and notes and confidential sources. Senator Alan Cranston wants an absolute law shielding reporters and he feels that reporters agree. But Attorney General Richard Kleindienst cautioned reporters to be careful about such legislation. Rep. Charles Whalen favors a qualified protection law, where information could be forced only under certain conditions. Rep. Robert Kastenmeier noted that reporters don't trust guidelines because they can be changed from administration to administration. Television news networks favor the absolute shield law. Newsmen who were interviewed favored the shield law unanimously. [CBS]
- Former President Lyndon Johnson left $5,000 to his brother in his will. A bank filed suit to prevent payment because the brother, Sam Houston Johnson, still owes most of an old $10,000 loan. The brother denied owing that debt. [CBS]
- A fire killed 15 in a Paris, France, high school. [CBS]
- Two students were shot and killed during a police-student clash at the Baton Rouge, Louisiana, campus of Southern University last November. Today a court permanently barred six students from the campus. [CBS]
- President Nixon appointed Dr. Dixy Lee Ray as head of the Atomic Energy Commission. [CBS]
- Seven people were killed and 18 injured when a school bus and a freight train collided in Littlefield, Texas. [CBS]
- The government printing office announced in a revised style book that "Ms." is an acceptable prefix to a woman's name. [CBS]
- David Huffstedttler of Salt Lake City ran out of gas on a Wyoming highway at night and tried to flag down help. The next morning his body was found with a gun alongside and a note saying that he tried for 11 hours to get help, but couldn't stand the cold any longer. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 979.91 (+1.51, +0.15%)
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* |
| February 5, 1973 | 978.40 | 114.23 | 14.58 |
| February 2, 1973 | 980.81 | 114.35 | 17.47 |
| February 1, 1973 | 985.78 | 114.76 | 20.67 |
| January 31, 1973 | 999.02 | 116.03 | 14.87 |
| January 30, 1973 | 992.93 | 115.83 | 15.27 |
| January 29, 1973 | 996.46 | 116.01 | 14.68 |
| January 26, 1973 | 1003.54 | 116.45 | 21.13 |
| January 24, 1973 | 1004.59 | 116.73 | 20.87 |
| January 23, 1973 | 1018.66 | 118.22 | 19.06 |
| January 22, 1973 | 1018.81 | 118.21 | 15.57 |