News stories from Thursday August 30, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Nixon refuses to comply with Judge John Sirica's ruling regarding the White House tapes and has decided to appeal Sirica's ruling. Charles Wright and Fred Buzhardt, Nixon's attorneys, conferred with the President and discussed the legal options available to him. The President also met with former Attorney General Herbert Brownell, an expert on executive privilege. Brownell denied discussing the tapes or Watergate with the President. Nixon returns to Washington tomorrow. [CBS]
- Judge Sirica declined to consolidate the Senate Watergate committee's suit with special Watergate prosecutor Archibald Cox's suit regarding the White House tapes. [CBS]
- The Cost of Living Council has delayed the beginning of Phase IV price controls on retail gasoline dealers. A Labor Day weekend protest shutdown of gas stations may have been averted. [CBS]
- To ease the energy crisis, the government proposed long-term oil production from shale rock. The Interior Department released an environmental impact statement describing the environmental damage if shale rock extraction takes place. [CBS]
- Increasing costs in school lunch and milk programs affect children. In some places, lunch prices haven't been raised, but cuts in the amounts of food and milk are very noticeable. [CBS]
- The Agriculture Department reported increased prices to farmers for raw farm products; increased consumer costs are inevitable. [CBS]
- An earthquake rocked Colombia near Bogota. No estimate of casualties or damage is available. [CBS]
- The death toll is the Mexican earthquake is now over 500. Rescue teams continue to search in the earthquake's aftermath in Central Mexico. The area is beginning to recover from the quake. President Echeverria has emerged as a competent leader, ready to rebuild the country. [CBS]
- China's Communist party central committee re-elected Mao Tse-tung as chairman and Chou En-lai as number two man. Ranked behind Chou is little-known Wang Hung-wen. [CBS]
- Government forces reopened the supply route to Phnom Penh, Cambodia, which Communist insurgents had cut earlier in the week. [CBS]
- Acting South Vietnam foreign minister Nguyen Phu Duc insisted that Russia and China have moral obligations to help rebuild South Vietnam after giving North Vietnam military assistance. [CBS]
- U.S. State Department specialists doubt that the Egypt-Libya merger which is supposedly about to get underway will ever be implemented. [CBS]
- The International Civil Aviation Organization condemned Israel's seizure of a Iraqi airliner earlier in the month. [CBS]
- Canada's striking rail workers massed in Ottawa to protest Parliament's emergency legislation to get the workers back on the job. Militant protesters turned a protest march into a violent demonstration, as angry strikers tried to storm the chambers of Parliament. [CBS]
- Three firebombs exploded in Birmingham, England; there were no casualties. Police defused a time bomb in a London subway station. [CBS]
- Rescuers are racing against time and weather to save two British crewmen aboard their minisub which is stranded on the ocean floor off the coast of Ireland. [CBS]
- A woman who was injured on the TWA jet which experienced violent motions while airborne over Los Angeles has died. [CBS]
- Senator Bob Dole intends to introduce a resolution to stop the Senate Watergate hearings and turn the investigation over to the courts. [CBS]
- Twenty-year-old Paul Wojcik was critically injured by a car last week, with no hope for recovery. After speaking with specialists and priests, Wojcik's parents decided to let their son die so his kidneys may be used by others. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 882.53 (-0.90, -0.10%)
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 29, 1973 | 883.43 | 104.03 | 15.69 |
| August 28, 1973 | 872.07 | 103.02 | 11.81 |
| August 27, 1973 | 870.71 | 102.42 | 9.74 |
| August 24, 1973 | 863.49 | 101.62 | 11.20 |
| August 23, 1973 | 864.46 | 101.91 | 11.39 |
| August 22, 1973 | 851.90 | 100.53 | 10.77 |
| August 21, 1973 | 857.84 | 100.89 | 11.48 |
| 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 |