News stories from Tuesday May 29, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A former POW, Col. Theodore Guy, has filed misconduct charges against eight other POWs for giving aid to the enemy by making anti-war statements while prisoners. The Pentagon urged Guy not to press charges against three Marines and five other soldiers, but Guy insisted. The three Marines involved are Sgt. Alfonso Riate, Pvt. Fred Elbert, and Sgt. Abel Kavanaugh. The Secretaries of the Navy and Army will make the final decision regarding the court-martial of the men. [CBS]
- Canada announced that it will withdraw from the International Control Commission in Vietnam. External Affairs Minister Mitchell Sharp said that there is no chance to enforce the peace agreement in Vietnam if some ICC members are not objective. At Henry Kissinger's request, Canada's ICC personnel will remain in Vietnam until replacements are found. [CBS]
- Henry Kissinger said that new ways of implementing the cease-fire agreement in Vietnam will take place, pending the next meeting with Le Duc Tho in Paris. According to the AP, South Vietnam has agreed in principle to a new truce agreement. [CBS]
- Highway 5 leading to Phnom Penh reopened with U.S. air strikes helping Cambodian ground forces clear the road. In the village of Prek Dam, the battle still rages for control of Highway 5. The village is important to the government because it is located at a ferry crossing point. [CBS]
- Washington Post reporters Carl Bernstein and Bob Woodward in an article quoted Justice Department sources as saying that President Nixon will be an important key witness in the Watergate trial. Nixon demanded a probe by Attorney General Elliot Richardson and special Watergate prosecutor Archibald Cox to find the source of the quote. Press secretary Ron Ziegler called the report "shocking" and said that any presidential testimony would be constitutionally inappropriate. Watergate committee chairman Sam Ervin said that he will not ask for any statement from the President.
Cox ignored the order for an investigation; U.S. attorneys and their aides have been told not to comment on the case. Con further displayed his independence from the Nixon administration by appointing Nashville, Tennessee, attorney James Neal to consult with the Watergate prosecutors.
[CBS] - John Dean's attorney, Robert McCandless, says that no deal has been made with the Watergate prosecutors. Dean still demands total immunity or he will not testify. One source said that former Attorney General John Mitchell is the only threat to Dean's immunity. [CBS]
- At the Pentagon Papers trial it was revealed that the government wiretapped some of Henry Kissinger's aides. Kissinger now admits to supplying the names to be tapped, adding that he finds it a painful experience. Kissinger won't say if he feels that his credibility has been hurt. [CBS]
- There will be a runoff between city councilman Tom Bradley and Mayor Sam Yorty in the Los Angeles mayoral race. Yorty called Bradley a radical left-winger and linked him to the Black Nationalist movement, but Bradley said that the Black Panther endorsement by Huey Newton is a dirty trick perpetrated by Yorty. Yorty says that Bradley deserves the Panther endorsement; Bradley wants voters to see a connection between Watergate and Yorty. Yorty is having difficulty backing up his charges against Bradley, saying only that Bradley is anti-police and evidence is available. Yorty's strength is in white suburban areas, but Bradley has more than just the black vote. The race is expected to be close. [CBS]
- The Supreme Court ruled that radio and television stations are not required to accept paid advertising for public issues. [CBS]
- A federal grand jury handed down indictments to Abbott Laboratories and five of its corporate officers. The charges involve an intravenous fluid which killed several persons. [CBS]
- High temperatures inside Skylab won't stop the current 28-day mission, according to astronaut Pete Conrad. [CBS]
- Treasury Secretary Shultz announced that the administration is considering a federal gasoline tax increase to stabilize the economy. [CBS]
- Reverend Philip Berrigan and Sister Elizabeth McAlister were married in a civil ceremony. [CBS]
- Buckingham Palace announced Princess Anne's engagement to Lt. Mark Phillips, a commoner. Both share a love of horses; they met at a horse show five years ago. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 925.57 (-5.27, -0.57%)
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 25, 1973 | 930.84 | 107.94 | 19.27 |
| May 24, 1973 | 922.44 | 107.14 | 17.31 |
| May 23, 1973 | 895.02 | 104.07 | 14.95 |
| May 22, 1973 | 892.46 | 103.58 | 18.02 |
| May 21, 1973 | 886.51 | 102.73 | 20.69 |
| May 18, 1973 | 895.17 | 103.86 | 17.08 |
| May 17, 1973 | 911.72 | 105.56 | 13.06 |
| May 16, 1973 | 917.14 | 106.43 | 13.80 |
| May 15, 1973 | 917.44 | 106.57 | 18.53 |
| May 14, 1973 | 909.69 | 105.90 | 13.52 |