News stories from Tuesday August 21, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Vice President Spiro Agnew charged the Justice Department with issuing news leaks to the press to slander his name regarding the Maryland corruption probe which involves him. Agnew stated that Attorney General Elliot Richardson and U.S. attorney George Beall must immediately investigate the leaks, which he believes are meant to influence the grand jury. Richardson said that he will investigate once any evidence of leaks is found. Agnew insisted that the press was not at fault, however he will fight vigorously to prove his innocence.
Richardson and Beall responded quickly to Agnew's claim. Richardson stated that he shares Agnew's concern over adverse publicity, but insisted that the Justice Department is not the source for such publicity. In Baltimore, Beall denied that the news leaks came from his office.
The grand jury in Maryland probed the fundraising dinner held for Agnew last year. Indictments have been returned but no other information is available yet.
[CBS] - A White House spokesman answered cautiously regarding the President's feelings on the Agnew investigation. Press secretary Gerald Warren said that President Nixon was informed about the Agnew probe through Attorney General Elliot Richardson.
Ron Ziegler has received no apology from the President for his outburst in New Orleans yesterday. The Secret Service is continuing its vigorous investigation regarding the possible assassination plot. Warren admitted that the President has been under a great strain for the past few months, but remains capable of carrying out his duties.
[CBS] - The manhunt for former policeman Edwin Gaudet has moved to New Mexico. Gaudet allegedly threatened President Nixon's life last week in New Orleans. Gaudet fired on local police in New Mexico after a confrontation at the Morning Star commune. Gaudet is believed to be in hiding at the commune. Officials hope that Gaudet will peacefully surrender. [CBS]
- The White House surrendered papers regarding ITT to special Watergate prosecutor Archibald Cox. [CBS]
- Conditions in Chile have worsened. Much violence has broken out and widespread strikes are evident. Civilian supporters of Allende clashed with anti-government demonstrators, resulting in numerous injuries. [CBS]
- The aftermath of the abortive coup attempt in Laos is likely to be bloody. Coup participants will be executed without a trial. [CBS]
- Cambodia is asking the U.S. for continued military and economic aid. In an open letter to the American people and Congress, the Cambodian government hinted at requesting the resumption of bombing if North Vietnam increases its support of Communist forces. The Cambodian ambassador to the U.S. stated that the Cambodian people feel abandoned by America because of the bombing halt. Admiral Thomas Moorer said he believes that Congress made a grave mistake by halting the bombing in Cambodia. [CBS]
- Greek President George Papadopoulos released political prisoners as promised, in hopes of unifying the country. Alexandros Panagoulis, a thwarted Papadopoulos assassin, was among those who were freed. The release came as a surprise to many of the political prisoners, and they say they are not afraid to oppose Papadopoulos again. [CBS]
- Firebombs and packaged explosives were found in fashionable London, England, department stores and British government offices. No injuries were reported, but police fear that a new terrorist campaign is underway. [CBS]
- Andrei Sakharov, one of the developers of Russia's hydrogen bomb, cautioned the United States to be wary of its relationship with Russia regarding trade deals, military advances, domestic aid and peace talks. Sakharov said that the U.S. must be watchful. [CBS]
- The government reported that the cost of living increased 0.2%. for July. Cost of Living Council chairman John Dunlop stated that the food price crisis may be over; pork and chicken prices are down.
The law of supply and demand brought prices down. The Georgia poultry association expects lower poultry prices in supermarkets within two weeks. Pork prices have also dropped as a result of lower demand. Many consumers have stocked up before the price freeze ends.
[CBS] - The UAW has selected Chrysler to be the target for the next round of negotiations. Unless the union's contract demands are met, strikes are imminent. [CBS]
- The Teamsters union and the AFL-CIO's United Farm Workers have come to an agreement regarding California grape pickers. Teamsters president Frank Fitzsimmons said that he's not interested in organizing the workers. Cesar Chavez, head of the United Farm Workers, was skeptical. [CBS]
- Hurricane Brenda claimed two lives as it slammed into Veracruz, Mexico. A Greek ship caught in the hurricane is awaiting rescue. [CBS]
- St. Croix in the Virgin Islands is no longer a romantic retreat. The island has erupted with murders involving tourists and residents alike. Governor Melvin Evans called for U.S. marshals to help augment the St. Croix police force. Evans insists that no subversive groups are responsible for the murders; robbery was the motive. Evans believes the racial angle has been overplayed, although he concedes that racial motivation for the murders is possible. The underlying problems are serious and racial unrest does exist. The problems of the modern world seem to have hit St. Croix all at once. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 857.84 (-9.56, -1.10%)
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 20, 1973 | 867.40 | 101.61 | 8.97 |
| August 17, 1973 | 871.84 | 102.31 | 11.11 |
| August 16, 1973 | 872.74 | 102.29 | 12.99 |
| August 15, 1973 | 874.17 | 103.01 | 12.04 |
| 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 |