News stories from Monday March 5, 1973

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

Sudanese officials have reportedly promised to execute the terrorists who murdered two American diplomats. Secretary of State William Rogers says he feels the death penalty is appropriate for the crime. Earlier today the bodies of Curtis Moore and Cleo Noel and the body of Belgian diplomat Guy Eid, also murdered by the terrorists, were put aboard planes bound for their respective homelands. Eid's fiancee accompanied his casket.At Andrews AFB in Maryland, a military honor guard and many diplomats greeted the plane carrying the bodies of the slain diplomats and their families as it arrived. Dep. Secretary of State William Macomber escorted the wives of the murdered men off the plane. The children of Noel and Moore followed. Secretary of State Rogers and his wife greeted them. The men are to be buried in Arlington National Cemetery near President Kennedy. [CBS] North Vietnam released 106 POWs on Sunday. Today the Viet Cong released 30 more. [CBS] Communists walked out of a meeting of the Joint Military Commission in South Vietnam and threatened to boycott future sessions unless South Vietnam increases the number of Communist POWs to be released in the next exchange. White House press secretary Ron Ziegler said that the administration expects American prisoners to be released on schedule. [CBS] Defense Secretary Elliot Richardson warned North Vietnam that it will get no aid from the United States unless peace in Vietnam is stable. Richardson said that $2.9 billion has been appropriated in the defense budget for Vietnam. He stated that if there is peace the money can be used for reconstruction purposes; if not, it can be used for war. [CBS] Big city mayors are generally hostile to President Nixon's budget cuts. Housing Secretary James Lynn told the mayors that they will be consulted during the change from the old programs to the new revenue sharing plans. [CBS] Senator Edward Brooke urged Congress to block President Nixon's plans to stop subsidies for housing. [CBS] Senate confirmation hearings for L. Patrick Gray as FBI director continued today. The committee received the FBI file on the Watergate investigation. The documents reveal that White House attorney John Dean sat in on FBI interviews with White House officials regarding the Watergate case, and attorneys from the Nixon re-election committee sat in on interviews with committee officials. Some officials said that they felt intimidated by this action. Gray claims that the FBI "vigorously" investigated the Watergate case. [CBS] In January, the Environmental Protection Agency proposed gasoline rationing in California in order to control air pollution there. The government is holding hearings on the proposal in Los Angeles. California Senator John Tunney stated that the plan would have to be forced on people because they would never accept it voluntarily. [CBS] Two hundred Indians still occupy the town of Wounded Knee, South Dakota. [CBS] The Marxist government of President Salvador Allende was the major issue in Chile's national congressional elections. Allende's opponents had hoped to win two-thirds of Chile's congress so as to be able to impeach Allende. But with most votes in, Communists appear to have won extra seats rather than losing any. [CBS] The leftist coalition is doing well against the Gaullist party in the first round of voting in French elections. [CBS] Two Spanish planes collided over France. One plane crashed, killing all 68 passengers. Civilian air traffic controllers are striking in France. French and English pilots' associations have urged their members not to fly over France. [CBS] The Zuider Zee in Holland is being drained in order to use the area for farming and the development of new cities. As the waters recede, the Dutch are finding the wreckage of many warplanes which crashed during World War II; 1,200 Americans are still listed as MIA over Holland in World War II. [CBS] European government banks were closed today because of the current monetary crisis. The financial ministers from many countries will meet in Paris to discuss a plan of action. [CBS] Two Johns Hopkins University researchers claim to have discovered the area of the brain in which opiate drugs produce mental effects. The discovery could lead to safe mental treatment for heroin and cocaine addiction. [CBS] Health, Education and Welfare Secretary Caspar Weinberger ordered that the survivors of the syphilis research program at Tuskegee, Alabama, be given the necessary treatments. [CBS] Health officials confirmed 35 typhoid cases at a migrant labor camp in Florida, and 66 other cases are suspected. [CBS] Two weeks ago the government ordered the recall of canned mushrooms believed to contain botulism. In Ossineke, Michigan, pizza maker Ilario Fabbrini was forced to throw out 40,000 pizzas because of the possibility of their containing mushrooms contaminated with botulism. To try to make some good of the disaster, Fabbrini invited newsmen and Michigan Governor William Milliken to a ceremony of burying the suspect pizzas. All guests got free pizza. Fabbrini has filed a lawsuit against the mushroom companies. [CBS]

Stock Market Report

Dow Jones Industrial Average: 966.89 (+5.57, +0.58%)
S&P Composite: 112.68 (+0.40, +0.36%)
Arms Index: 0.92

	Issues	Volume*
Advances	820	6.98
Declines	629	4.95
Unchanged	355	1.82
Total Volume		13.75

* 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*
March 2, 1973	961.32	112.28	17.71
March 1, 1973	949.65	111.05	18.21
February 28, 1973	955.07	111.68	17.95
February 27, 1973	947.92	110.90	16.13
February 26, 1973	953.79	112.19	15.86
February 23, 1973	959.89	113.16	15.45
February 22, 1973	971.78	114.44	14.57
February 21, 1973	974.34	114.69	14.88
February 20, 1973	983.59	115.40	14.02
February 16, 1973	979.23	114.98	13.32