News stories from Wednesday August 15, 1973

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

President Nixon's Watergate speech airs tonight at 9 p.m. EDT. It is vitally important to the President to remove the stain of Watergate from himself. A written statement will accompany the speech. [CBS] All nine Maryland federal district judges have withdrawn from judicial duties connected with the Agnew probe because of their friendship with the Vice President. Judge C. Stanley Blair, who is close to Agnew, has had his own records subpoenaed. Allen Green, a consulting engineering firm owner, related instances of cash payments to Agnew while governor and Vice President. Green is seeking immunity in exchange for his testimony. [CBS] U.S. bombing in Cambodia has ended. President Nixon expressed his displeasure at the bombing halt. He attacked Congress for ordering the halt, and stated that negotiations may have been imminent between Cambodia and North Vietnam before Congress intervened. A warning was sent to Hanoi to avoid retaliatory moves in Cambodia. [CBS] General Thomas Moorer praised U.S. bomber pilots for a job well done. [CBS] U.S. bombing in Cambodia continued until the deadline hour was reached. Government troops fortified defenses for possible Communist attacks. No panic exists, but apprehension hangs over the refugees and the government troops. U.S. backup is gone. [CBS] The United Nations Security Council unanimously condemned Israel for intercepting and forcing an Iraqi plane to land at a military base in Israel. U.S. ambassador John Scali agreed with the decision to warn Israel. [CBS] President Nixon is considering new export controls on wheat and other grains. Wheat prices remain high. [CBS] The government reported a balance of payments surplus. [CBS] The wildcat strike at the Chrysler plant in Detroit has ended. A few strikers kept the majority of employees from working. Strikers received no support from the UAW. Police moved in to end the takeover, but some picketing continued outside. At the union local, there was little support for the strike against Chrysler. [CBS] Senator Paul Fannin decided to plead guilty to a drunk driving charge. Fannin insists he's innocent, but wants to get on with his Senate duties. [CBS] Part III of the Kathy Crampton deprogramming story: Kathy's parents and Ted Patrick's deprogramming team prayed that Kathy would denounce "Love Israel's" communal beliefs, but instead she rebuked her family and the deprogrammers. Patrick carried out further deprogramming at the Crampton home in San Diego along with a young group of Christians. Reporters talked with Kathy, who stated that only "bonded" couples in the cult may have sex. Kathy was unbonded so she had no sexual intercourse. Patrick demanded that interviews with reporters be stopped; Kathy asked a reporter about legal action she could take. Tense moments passed between Patrick, the reporters and Kathy. Patrick threatened violence.After 107 hours of deprogramming, Kathy broke. Patrick, the Cramptons and the deprogramming team were confident of success. Seattle police, along with state and local California authorities allowed the Crampton abduction to take place. Kathy said that she forgives her parents and Ted Patrick, but her faith in law enforcement has been shaken. She added that doesn't feel free although Love Israel is out of her life, and mentioned that someday she may return to the religious group in Seattle. The following day, Kathy escaped. She returned to Seattle and Love Israel's commune. [CBS]

Stock Market Report

Dow Jones Industrial Average: 874.17 (+3.46, +0.40%)
S&P Composite: 103.01 (+0.30, +0.29%)
Arms Index: 1.00

	Issues	Volume*
Advances	731	5.31
Declines	619	4.48
Unchanged	387	2.25
Total Volume		12.04

* 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*
August 14, 1973	870.71	102.71	11.74
August 13, 1973	883.20	103.71	11.33
August 10, 1973	892.38	104.77	10.87
August 9, 1973	910.49	105.61	12.88
August 8, 1973	902.02	105.55	12.44
August 7, 1973	911.95	106.55	13.51
August 6, 1973	912.78	106.73	12.32
August 3, 1973	908.87	106.49	9.94
August 2, 1973	910.14	106.67	12.08
August 1, 1973	912.18	106.83	13.53