News stories from Tuesday April 24, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The U.S. lodged a formal complaint against North Vietnam for violating the truce, specifically charging North Vietnam with massive infiltrations of troops and equipment into South Vietnam. The U.S. says it is keeping 9,000 "advisers" in South Vietnam. [CBS]
- The United States conducted heavy bombing raids in Cambodia again today. The U.S. is training Cambodian pilots in Thailand. [CBS]
- The Viet Cong now says that the International Control Commission can examine the ICC helicopter that "crashed" in Communist territory on April 7. [CBS]
- James McCord reportedly testified that he was offered executive clemency if he would keep quiet and go to prison for a year. Mrs. E. Howard Hunt is said to have told McCord of the offer on behalf of President Nixon; the White House denies this.
Watergate Judge John Sirica ordered attorney Peter Wolf to tell the name of the client who brought him Watergate records. Wolf claims that the day after the June 17 break-in, a White House employee, on orders from a White House official, brought him several boxes of documents regarding the Watergate bugging including the contents of E. Howard Hunt's safe. The documents were being removed before the FBI could get at them. Wolf said that he told Watergate prosecutor Earl Silbert about the documents, but Silber wasn't interested; Silbert denies this. Today Wolf stated that he revealed his client's name to the grand jury, but can't yet tell the public. Wolf's attorney, Monroe Freedman, earlier accused prosecutor Earl Silbert himself of being part of the cover-up. Freedman said that Silbert was very vigorous in questioning Wolf, but was less than enthusiastic about prosecuting the Watergate case.
John Wilson, an attorney for H.R. Haldeman and John Ehrlichman, was present at court today. President Nixon was in communication with Ehrlichman and Haldeman and with John Dean over the Easter weekend.
[CBS] - The probe into President's Nixon campaign finance organization continues. Common Cause is suing for the disclosure of campaign contributors. [CBS]
- A New York court is investigating a $250,000 Nixon campaign contribution which was made by Robert Vesco. The contribution, which was delivered to campaign finance chief Maurice Stans, was later returned but was never reported as the law requires. Former Attorney General and campaign director John Mitchell testified to the grand jury in New York. Mitchell told reporters to ask Maurice Stans about Vesco's contribution. [CBS]
- The struggle in California's Coachella Valley between the United Farm Workers and the Teamsters continues. Cesar Chavez's United Farm Workers are picketing the grape vineyards of growers who signed contracts with the Teamsters. Chavez confronted a group of Teamsters and called for a referendum to determine which union the farm workers support. The Senate, at the request of the UFW, is investigating charges of payoffs to the Teamsters by the grape growers. [CBS]
- The Supreme Court upheld the conviction of a man who sold "speed" after a government agent provided him with the ingredients for the drug and then bought it from him. The Court ruled that entrapment is a legitimate way of catching criminals. Justice Potter Stewart dissented, saying that the government should not promote crime but should prevent it. [CBS]
- The parents of a Marine who died while in training have filed a $10 million damage suit against the government. Mr. and Mrs. Harry John are accusing the Marine Corps of causing their son's death as result of training; the boy had kidney disease. [CBS]
- A New York court postponed its ruling on whether Mrs. Russell Ryan, a former Nazi concentration camp guard, will be extradited to West Germany to face trial as a war criminal. [CBS]
- More tornadoes swept through the Southeast and Texas. Over a dozen tornadoes hit southern Arkansas. Two persons were killed and several were injured. In Sumner, Mississippi, a tornado hit a school while children were practicing a tornado drill and had assembled in school hallways. Over 30 were injured slightly; there would have been several deaths if the students had been in classrooms. [CBS]
- The federal government doesn't expect a gasoline shortage this summer but acknowledged that independent dealers are low on gas. Big oil companies are cutting off supplies to independent dealers who sell gasoline at discount prices. Because of reduced supplies, some independents will have to close. One independent dealer claims that his supplier, Phillips, is trying to put independents out of business; he believes that without independents gasoline prices will go up fast. Gas companies say that they don't have enough crude oil or enough refineries to keep up with demand. [CBS]
- The administration is deeply involved in the Watergate mess, but it must deal with other things too. President Nixon is determined that this will be the year of Europe, not the year of the Watergate scandal. Implementing better relations with Europe will be difficult, and President Nixon will need a strong hand. To get a strong hand he first needs to clean house at home by resolving the Watergate scandal. [CBS]
- Late publication of grand jury testimony given today by James McCord states that the Watergate operation was set up in such a way as to permit John Mitchell to deny any knowledge of it. G. Gordon Liddy reportedly received his instructions from John Dean. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 940.77 (-14.60, -1.53%)
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* |
| April 23, 1973 | 955.37 | 111.57 | 12.58 |
| April 19, 1973 | 963.20 | 112.17 | 14.56 |
| April 18, 1973 | 958.31 | 111.54 | 13.89 |
| April 17, 1973 | 953.42 | 110.94 | 12.83 |
| April 16, 1973 | 956.73 | 111.44 | 11.35 |
| April 13, 1973 | 959.36 | 112.08 | 14.39 |
| April 12, 1973 | 964.03 | 112.58 | 16.36 |
| April 11, 1973 | 967.41 | 112.68 | 14.89 |
| April 10, 1973 | 960.49 | 112.21 | 16.77 |
| April 9, 1973 | 947.55 | 110.86 | 13.74 |