News stories from Thursday April 26, 1973

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

The Khmer Rouge has advanced to within two miles of Phnom Penh. A Communist rocket attack on the airport at Phnom Penh hit the homes of nearby civilians, killing several. Heavy fighting was reported in some areas of South Vietnam. Communist troops are moving in on Hue, South Vietnam's second most important city. [CBS] Deputy Assistant Secretary of State William Sullivan arrived in Paris to lay the groundwork for next month's meeting between Henry Kissinger and Le Duc Tho. [CBS] Sweden condemned U.S. bombing in Cambodia. Swedish Foreign Minister Krister Wickman declared that the U.S. has no right to intervene in the civil wars of other countries. [CBS] Defense Secretary Elliot Richardson has raised the bonus for enlistments into the Army and Marine Corps ground combat units. [CBS] Watergate prosecutor Earl Silbert was visited today by Hugh Sloan, Powell Moore and John Wilson, the attorney for H.R. Haldeman and John Ehrlichman; Wilson has met with President Nixon. Press secretary Ron Ziegler denied reports that Melvin Laird was asked to help reorganize the White House staff. Jeb Magruder may resign but Haldeman and Ehrlichman still have the President's confidence.So far Silbert has not called Ehrlichman and Haldeman to testify to the grand jury. Silbert has been sending grand jury transcripts to Justice Department official Henry Petersen; Petersen is investigating Watergate for the President. The Justice Department says it has no plans to turn the testimony over to the White House. The New York City Bar Association urged President Nixon to take the Watergate investigation out of Petersen's hands and turn it over to an independent counsel. [CBS] Health, Education and Welfare Secretary Caspar Weinberger announced new welfare rules, saying that social services should be given only to those in real need. The new program will provide more day care for working mothers. [CBS] Parents and teachers at Fort Devens, Massachusetts, won a temporary restraining order to keep schools there open for at least the next 30 days. The problem is a lack of funds for schools in impacted areas because of the President's veto of funds. [CBS] 10,000 people are now homeless due to the flooding of the Mississippi River. At St. Charles, Missouri, water broke through levees which were erected by volunteers and the National Guard, and caused fields to be flooded. The river is at its highest level in 200 years. [CBS] An earthquake hit Hawaii today; no serious injuries were reported. [CBS] Attorneys for James Earl Ray, who pleaded guilty to assassinating Martin Luther King in 1968, are seeking to have Ray moved from the maximum security area of the Nashville prison. Ray was put in solitary confinement after two escape attempts. Ray says that he gets along all right with black inmates. [CBS] About 70 people were arrested in the Wounded Knee, South Dakota, area last night. Some of those arrested were armed. [CBS] President Nixon will meet with his economic advisers on Saturday to discuss Phase III. [CBS] The trade deficit for the first quarter of 1973 dropped. [CBS] New York congressmen Ed Koch, Peter Peyser and others are urging people to ride bicycles as a way to avoid the gasoline shortage. [CBS] In Santiago, Chile, police battled students who were protesting the government's plan to reorganize the country's educational system. The office of President Salvador Allende was attacked but the president was not harmed. [CBS] A three-day nationwide railroad strike began in Japan today. [CBS] The Nixon family will use the old presidential plane for family trips because they believe the new presidential plane is inconvenient. [CBS]

Stock Market Report

Dow Jones Industrial Average: 937.76 (+7.22, +0.78%)
S&P Composite: 108.89 (+0.55, +0.51%)
Arms Index: 0.82

	Issues	Volume*
Advances	681	7.65
Declines	734	6.74
Unchanged	360	1.82
Total Volume		16.21

* 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 25, 1973	930.54	108.34	15.96
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