News stories from Friday June 15, 1973

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

The Environmental Protection Agency is taking action on the Clean Air Act of 1970, which proposed drastic plans for 11 metropolitan areas. EPA director Robert Fri is asking people to change their habits regarding automobiles; a new lifestyle is the only way to have healthy air. Fri places the burden of cleaning the air on industry, and he hopes that the deadline for carrying out clean air plans in metropolitan areas will be met. [CBS] In New York City, the Environmental Protection Agency wants the number of vehicles to be reduced, and have pollution gear on all of them. Plans call for banning taxi cruising, better anti-pollution equipment on all taxis and heavy vehicles, a stop to double parking, increased tolls to encourage car pools and mass transit, and a freeze of the gas supply in some areas.In Los Angeles, the EPA wants to force residents to use mass transit with special express lanes. Public parking would be reduced, and gasoline rationing would be implemented. In other cities, the same types of plans are getting underway. Boston, Massachusetts, will institute a $5 surcharge on parking in lots and ban on-street parking. Minneapolis and St. Paul, Minnesota, will prohibit downtown parking but will have shuttle bus service. San Antonio and Houston, Texas, are creating special express lanes for buses. A ceiling will be placed on gasoline prices, limiting supply. [CBS] The new cease-fire agreement has had no effect so far on fighting in South Vietnam. In Saigon, government troops continue their training exercises. Both sides have accused each other of cease-fire violations. Soldiers and civilians continue to die. The new agreement is not yet in effect in many places. Vietnam is no nearer to peace than it was with the first cease-fire agreement. [CBS] Air strikes continue in Cambodia. U.S. bombers hit targets outside Phnom Penh. [CBS] President Nixon dedicated the congressional research center in Pekin, Illinois, in Senator Everett Dirksen's memory. The President was welcomed by a friendly crowd. His speech was an attempt to offset worries about a government standstill, asking the American people to keep their faith in the U.S. political system, and promising that the chief executive and Congress will work together for the good of the country. [CBS] Jeb Magruder, who was deputy director of President Nixon's re-election committee, testified to the Senate Watergate committee that he told White House chief of staff H.R. Haldeman the whole story of Watergate. Haldeman reacted to that statement, and said that once the whole truth is known, people will see that Haldeman had no knowledge of the Watergate bugging or the cover-up. [CBS] Jeb Magruder also implicated former Attorney General John Mitchell at the Watergate committee hearing. Mitchell's attorney said that no comment will be made until it is time to testify before the Senate committee hearings. [CBS] Tampa accountant George Hearing was sentenced today for political espionage in Florida. Hearing pleaded guilty to the "Muskie letter" scandal during last year's Florida primary. Hearing admitted mailing the letters which slandered the Democratic presidential candidate, but denied writing them. Hearing's attorney pleaded for sympathy on his client's behalf, but Judge Ben Krentzman stated that Hearing endangered the country's electoral system and sentenced him to one year in prison. Hearing told reporters that he deserves punishment because he broke the law. Donald Segretti is awaiting trial on identical charges. [CBS] College students tried to rent room 723 in the Washington, DC Howard Johnson's to hold the first annual Watergate break-in party there. The motel manager was not amused and said there will be no party at his motel. [CBS] Soviet Communist party leader Leonid Brezhnev arrives in the U.S. for summit talks with President Nixon tomorrow. Today he spoke with reporters In Moscow. Brezhnev gave a cordial, expansive press conference. He stated that the purpose of the summit is to improve U.S.-Soviet relations. When asked about Watergate, Brezhnev said that it would be indecent to mention it at the conference, and he won't speak to President Nixon about it during his visit.Brezhnev denied that Soviet laws forbid Jewish emigration, and claimed that any person may leave the USSR as long as they are not a threat to national security. Brezhnev is ready to get American cash, credit and technology and wants the Soviet Union to be able to buy American grain anytime. But he may not be willing to give as much as the U.S. wants. [CBS] Four Jewish Defense League members sat in protest at the White House, demanding that President Nixon pressure Soviet leader Brezhnev into allowing Jewish emigration from Russia. [CBS] Industrial production increased 0.5% in May, the lowest increase in the past 11 months. [CBS] The Environmental Protection Agency is investigating asbestos fibers which were found in Duluth, Minnesota, tap water. [CBS] The Explorer 49 satellite, which was launched earlier this week, will orbit the moon to probe mysterious radio signals. [CBS]

Stock Market Report

Dow Jones Industrial Average: 888.55 (-14.37, -1.59%)
S&P Composite: 105.10 (-1.30, -1.22%)
Arms Index: 1.62

	Issues	Volume*
Advances	316	1.61
Declines	1,101	9.10
Unchanged	320	1.26
Total Volume		11.97

* 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*
June 14, 1973	902.92	106.40	13.21
June 13, 1973	915.49	107.60	15.70
June 12, 1973	927.00	108.29	13.84
June 11, 1973	915.11	106.70	9.94
June 8, 1973	920.00	107.03	14.05
June 7, 1973	909.62	105.84	14.16
June 6, 1973	898.18	104.31	13.08
June 5, 1973	900.81	104.62	14.08
June 4, 1973	885.91	102.97	11.23
June 1, 1973	893.96	103.93	10.41