News stories from Wednesday April 25, 1973

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

Henry Kissinger will return to Paris to discuss Vietnam truce violations with North Vietnam's Le Duc Tho. Kissinger especially wants to discuss the article of the truce which calls for North Vietnamese troop withdrawal from South Vietnam, Laos and Cambodia. [CBS] The Viet Cong and South Vietnam have been meeting in Paris since March, attempting to work out plans for the political future of South Vietnam. The two sides still disagree on the holding of elections in South Vietnam; the talks are deadlocked. [CBS] The newly formed Cambodian Political Council, which was created to try to unify the country and end the civil war, is not working. Premier Lon Nol stated that he runs the council; opposition council members say that all participants are supposed to have equal power. [CBS] The Khmer Rouge continue to push back Cambodian government troops in several areas of the country. [CBS] Vice President Spiro Agnew spoke out on the Watergate scandal today, and press secretary Ron Ziegler reported that morning White House staff meetings have been dropped. Those meetings were a White House institution, and were chaired by H.R. Haldeman. Agnew stated that he has full confidence in the integrity of President Nixon, and he will wait to comment further on the case until all the facts are known.The General Accounting Office has traced the bankrolling of the young Republican spies to a secret fund in the safe of Nixon campaign finance chairman Maurice Stans. The money was channeled through the "Young Voters for the President" organization, and handled by Ken Rietz, among others. Rietz suddenly resigned on Monday as head of the Republican New Majority Campaign for 1974. The Nixon campaign also failed to report on matters such as the payment of $150 a week to Theodore Brill, a student spy. Columnist Jack Anderson has agreed to stop publishing verbatim transcripts of secret grand jury testimony because the grand jury feels that the publication of those transcripts is hindering progress in the Watergate investigation. [CBS] The Washington Post reported that some Nixon re-election campaign funds were used to pay for a telegram blitz supporting the President's decision to mine North Vietnamese waters. Other funds went to pay for an advertisement in New York Times backing the mining. The ad did not identify itself as having been paid for by the Nixon campaign. Former campaign director John Mitchell said that he never authorized funds to be spent for the New York Times ad, and he doesn't know why expenses for it were not reported. Mitchell stated that he has a clear conscience regarding Watergate. He was interviewed en route to Pensacola, Florida, to testify in the "Gainesville 8" case involving an alleged plot by anti-war Vietnam veterans to disrupt the Republican national convention last year. [CBS] Flooding along the Mississippi River has intensified. Spring rains are contributing waters to the flooding Mississippi River. New record crests are expected. [CBS] National Livestock and Meat Board spokesman David Stroud stated that meat prices could go up 10 cents a pound because of the ban of the DES hormone which was fed to cattle. Cattlemen predict that the ban and resulting cost increases will be felt on the market within three months.Since more people are buying cheese as a meat substitute, cheese prices have increased. The government is attempting to counteract the increase by increasing cheese import quotas by 50%. [CBS] The children of military personnel are feeling the pinch of impounded government funds in the form of closed schools. At Fort Devens, Massachusetts, schools are closed or cut back until they get money on which to run. School superintendent Dr. Ross Headley said that the town could borrow money to run the schools and sue the government to get funding back. Army wife Linda Battles said that the children of military personnel deserve an education just as much as other children. [CBS] The Soviet unmanned space lab is breaking apart in space. [CBS] The Washington Star News, a past supporter of President Nixon, condemned the administration for the Watergate scandal and called for a purge of guilty aides. [CBS] Libyan leader Muammar Gaddafi said that he intends to quit politics as soon as Libya merges with Egypt. He feels that the Palestine liberation movement is dead and predicted that Israel will win in any new war with Arabs. [CBS] Japanese commuters burned trains today in outbursts against a slowdown by train workers. The railroad in Japan called a "go-slow" strike which delayed trains for hours. Angry commuters went on a rampage, burning and destroying trains and equipment in stations. Riot police arrested over 100. Prime Minister Tanaka has ordered negotiations to head off a threatened nationwide strike. [CBS]

Stock Market Report

Dow Jones Industrial Average: 930.54 (-10.23, -1.09%)
S&P Composite: 108.34 (-1.65, -1.50%)
Arms Index: 1.35

	Issues	Volume*
Advances	303	2.38
Declines	1,172	12.40
Unchanged	314	1.18
Total Volume		15.96

* 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*
April 24, 1973	940.77	109.99	13.83
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