News stories from Thursday May 3, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- H.R. Haldeman and John Ehrlichman arrived today at the Washington, DC courthouse for lengthy testimony, but two other hearings before Judge John Sirica delayed the proceedings. In one, Sirica agreed to send the judge in the Pentagon Papers trial yesterday's grand jury testimony of E. Howard Hunt, who confirmed that the break-in at the office of Daniel Ellsberg's psychiatrist was under Ehrlichman's direction. Sirica also refused to release G. Gordon Liddy's lawyer Thomas Kennelly, who desires to quit because Liddy won't talk.
Prosecutor Earl Silbert interrogated Haldeman and Ehrlichman. Ehrlichman was questioned on the Ellsberg matter. The central issue is the possible cover-up of the Watergate bugging. Whether the pair will claim "executive privilege" regarding conversations with the President is unknown. The numbers two and three men at the White House are currently before a criminal grand jury; sources say that larger questions are now being raised.
[CBS] - Jeb Magruder, in an interview, was quoted as saying he expects to be indicted, convicted and receive a nine-month jail sentence. [CBS]
- Martha Mitchell gave her deposition in New York City. The crush of reporters was a press agent's dream, but a nightmare for Mrs. Mitchell. After two hours of questioning by 12 attorneys, she emerged smiling and stated that she trusts and prays that her husband John is not involved. Attorney Henry Rothblatt said that Mitchell's conversation was not revealing; another attorney said, regarding Watergate, that Martha Mitchell didn't tell them a thing. [CBS]
- Attorney General-designate Elliot Richardson has heeded the call for a special prosecutor in the Watergate case, and he promised to name someone soon. [CBS]
- A federal arrest warrant has been issued for Nixon campaign contributor Robert Vesco for failing to answer summonses for grand jury testimony. [CBS]
- A New York City physician who treated President John F. Kennedy claims that his offices were burglarized before the 1960 Democratic national convention. Dr. Eugene Cohen believes the purpose was to get Kennedy's medical records. Another Kennedy doctor was also burglarized. [CBS]
- Units of a Syrian-backed guerrilla group fought Lebanese government troops in southeast Lebanon. The Beirut airport and a refugee camp were hit. Fighting spread from the airport and guerrillas took refuge in camps. Artillery and aircraft then hit the camps, causing many casualties. [CBS]
- Critics of U.S. bombing in Cambodia suffered a defeat in Congress today, when an attempt to cut off funding failed in the House Appropriations Committee. [CBS]
- President Nixon issued a foreign policy report to Congress, signing the 230-page report along with the staff of Henry Kissinger. The report is optimistic about U.S. relations with China and Russia, but the report warns North Vietnam to respect the cease-fire or take the consequences. Kissinger is heading for Moscow to get Soviet support for his negotiation effort with North Vietnam. [CBS]
- Street violence and police action led to the death of a Negro child in New York City; 10-year-old Clifford Glover's funeral was held today. Glover was victim of New York policeman Thomas J. Shea. Police claim that the child pulled a gun and ran when told to stop, but no gun was found. Shea has been charged with Glover's murder. The Police Association is outraged; a grand jury will investigate the incident. The crowd gave a "black power" salute as Glover's casket was brought from the funeral home. [CBS]
- The Vatican has set up a commission regarding the liberation of women in the Catholic Church. [CBS]
- The Berkeley, California, city council has now agreed to go along with the voters, who elected to have police not enforce laws against smoking marijuana. [CBS]
- Wholesale prices increased again in April, but the increase was less than previous months. Food prices, especially meat, are reportedly down. But the prices of industrial commodities such as gasoline are up. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 945.67 (+13.33, +1.43%)
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* |
| May 2, 1973 | 932.34 | 108.43 | 14.38 |
| May 1, 1973 | 921.21 | 107.10 | 15.38 |
| April 30, 1973 | 921.43 | 106.97 | 14.82 |
| April 27, 1973 | 922.19 | 107.23 | 13.73 |
| April 26, 1973 | 937.76 | 108.89 | 16.21 |
| 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 |