News stories from Wednesday February 7, 1973

Summaries of the stories the major media outlets considered to be of particular importance on this date:

The schedule for the release of prisoners of war is still not clear. The Viet Cong plans to release 27 American POWs on February 12, along with 400 South Vietnamese POWs. But there are no details on when American prisoners will be released from North Vietnam. POWs will get all back pay plus 10% interest plus a $5.00 a day bonus for each day of captivity. [CBS] Henry Kissinger left Washington today for Southeast Asia. [CBS] Canada extended diplomatic recognition to North Vietnam. [CBS] In Paris, the Viet Cong and South Vietnam are having preliminary talks for later talks in Saigon regarding South Vietnam's political future. [CBS] South Vietnam reported 17 major cease-fire violations. Fighting continued in Cambodia and Laos. [CBS] A meeting of the Joint Military Commission in South Vietnam ended up in wrangling over details of procedure. [CBS] After footage of South Vietnamese troops bombing a Viet Cong village was showed yesterday on CBS news, South Vietnam has threatened to expel newsmen who are "unfriendly" to the government. [CBS] Protestants have called a general strike in Belfast, Northern Ireland. As police looked on, uniformed members of the paramilitary Ulster Defense Association blocked the roads around Belfast and warned people not to go to work. The strike was called to protest the arrest of two Protestants who are suspected of terrorism. As a result of the strike, Belfast streets were empty today; all businesses were closed. British soldiers guarded a funeral procession of six murdered Catholics, but an Irish Republican Army funeral procession was fired on; three people were wounded, including two children. [CBS] Senator John Stennis is still in very serious condition. After visiting Stennis in the hospital, President Nixon said that he feels Stennis is doing well under the circumstances. [CBS] The Senate voted unanimously to investigate the Watergate bugging. In the recent trial concerning the bugging, Hugh Sloan, President Nixon's campaign treasurer, testified that cash for the campaign was kept in the office of Maurice Stans' secretary. Finance chairman Stans swears that Sloan kept the money. [CBS] The House voted to force President Nixon to spend $210 million in impounded funds for a rural environmental program of soil conservation subsidies; a veto is threatened. House Banking Committee chairman Wright Patman accused the President of "government by fiat."Massive federal aid helped Seattle out of a severe depression. Now the Nixon budget threatens to cripple many programs that are helping Seattle recover. Little revenue sharing money is going to the model cities programs. Office of Economic Opportunity programs are being eliminated or cut. Health and other social programs are being killed. [CBS] Senators Thomas McIntyre and Edward Kennedy charged that oil companies deliberately allowed fuel shortages in order to force the government into granting price increases. Mobile Oil chairman Rawleigh Warner denied the charges. [CBS] Senator Henry Jackson introduced legislation providing for penalties for large gas-guzzling cars. Jackson claims that gasoline rationing by spring will result from President Nixon's import policies for oil. [CBS] The United Transportation Union is threatening to strike the Penn Central Railroad unless the railroad backs down on its plans for job cuts. [CBS] An Indian group demands that a murder charge be filed against a man suspected of killing an Indian in Custer, South Dakota. The man is presently charged with manslaughter. American Indian Movement leader Dennis Banks says that his group's protest is intended to make people think twice before killing another Indian. Fighting erupted yesterday when officials refused to change the manslaughter charge. Indians set fire to the courthouse and Chamber of Commerce buildings, and wrecked several other buildings and some police cars. Banks says that he expects more Indians to arrive within the next few days. [CBS] Mrs. Robert Schweitzer, the wife of a prisoner of war, awaits her husband's homecoming to Meadow Vista, California. Schweitzer is now outgoing and independent in contrast to the way she used to be. She was shy and dependent, but was forced out of that role because of her husband's capture. Mrs. Schweitzer says that when her husband comes home he will be a stranger. [CBS]

Stock Market Report

Dow Jones Industrial Average: 968.32 (-11.59, -1.18%)
S&P Composite: 113.66 (-0.79, -0.69%)
Arms Index: 1.31

	Issues	Volume*
Advances	480	4.43
Declines	951	11.52
Unchanged	350	2.01
Total Volume		17.96

* in millions of shares

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 6, 1973	979.91	114.45	15.72
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