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Thursday September 6, 1973
. . . where the 1970s live forever!

News stories from Thursday September 6, 1973

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

  • W.A. "Tony" Boyle, former United Mine Workers president, has been arrested for the December, 1969, murders of Joseph Yablonski, his wife and daughter. Yablonski opposed Boyle in the 1969 UMW elections, An aide will testify that Boyle instigated the murders. Seven persons have now have pleaded guilty or been convicted of the crimes.

    Boyle was arrested by the FBI in Washington, DC. The federal grand jury charged him with conspiracy to violate Yablonski's civil rights; Boyle called the charge "ridiculous"; he was later released on bond. If convicted, a life sentence in prison is possible. [CBS]

  • Palestinian guerrillas left France safely after their siege of the Saudi Arabian embassy in Paris ended. Tension mounted until the Syrian airliner arrived. Five hostages were put on the plane; the remainder were released. The destination of the plane was not revealed, but it stopped in Cairo then took off again, possibly for Kuwait. [CBS]
  • War has been declared against cholera-bearing mussels in Naples Bay and their beds were ripped up even as mussel vendors protested the move. The cholera scare affects all seafood and the fishing industry in general. Water pollution is being blamed. [CBS]
  • Communists in Cambodia launched a drive against Kompong Cham and the infiltrators reached the center of the city. The situation is serious but not yet critical. [CBS]
  • Author/activist Aleksandr Solzhenitsyn stated that the heat is now on him in the Soviet Union, as the KGB have threatened his life for revealing the conditions in Soviet labor camps. [CBS]
  • Former White House "plumber" Egil Krogh surrendered himself to authorities after being indicted in the Ellsberg break-in case. Krogh pleaded innocent to the charges against him. [CBS]
  • The Washington Post reports that President Nixon wiretapped his brother, Donald. The White House has no comment, nor did the Secret Service or Donald Nixon. The House and Senate committees responsible for overseeing the Secret Service have asked for an explanation. [CBS]
  • President Nixon's lawyers appealed the court's demand for the Watergate tapes, asking that all nine appeals court judges hear the case, Judge John Sirica gave the White House two weeks to answer the Senate Watergate committee regarding those tapes. [CBS]
  • President Nixon vetoed the minimum wage bill and breakfasted with Republican congressmen. Democratic leaders also met; House Speaker Carl Albert read his party's response to the president's press conference statement regarding Congress. [CBS]
  • The Senate approved lifting local television blackouts of sports events if they are sold out at least 72 hours in advance; the House is still considering the move. A ban on blackouts is eventually expected, but pro football commissioner Pete Rozelle believes that they must be maintained for the NFL. [CBS]
  • Senator Harold Hughes (D-Iowa) announced that he will leave politics at end of his term, and enter religious work with the Fellowship Foundation and the International Christian Leadership Conference. [CBS]
  • Prisoners revolted and seized hostages in the Joliet, Illinois, prison. The inmates submitted their demands for reform and are seeking negotiations. [CBS]
  • Tropic storm Delia has died down but its rains damaged farms as far inland as the Austin, Texas, area. The Texas rice crop was severely damaged by rain, with losses set at $25 million. American Rice Growers Association president Gene Guthrie predicts higher prices as a result. Asians importing American rice will be hurt also. If the rice fields don't dry soon, the prices of rice and rice products could increase further. [CBS]
  • The Supreme Court refused to intervene in Phase IV price controls on the petroleum industry. Exxon intends to raise wholesale prices on gasoline, home heating fuel oil and kerosene. White House energy chief John Love noted the possibility of heating oil rationing next winter. [CBS]
  • There are signs in Chicago that the Democratic party is shifting away from Senator George McGovern's reforms. Mayor Richard Daley's slate of delegates was ousted from the 1972 Democratic national convention by McGovern's reformers, but Daley still delivered Chicago for the Democrats in '72. Daley now calls the tune, as Democrat chairman Robert Strauss visited Chicago for a fund-raising telethon and a friendly meeting with Daley.

    The delegate selection procedure is still a touchy issue for the Democrats. The national party goes with Daley; reformers again are on the outside. [CBS]

Stock Market Report

Dow Jones Industrial Average: 901.04 (+1.96, +0.22%)
S&P Composite: 105.15 (+0.51, +0.49%)
Arms Index: 0.97

Total Volume15.67
* 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
September 5, 1973899.08104.6414.58
September 4, 1973895.39104.5114.21
August 31, 1973887.57104.2510.53
August 30, 1973882.53103.8812.10
August 29, 1973883.43104.0315.69
August 28, 1973872.07103.0211.81
August 27, 1973870.71102.429.74
August 24, 1973863.49101.6211.20
August 23, 1973864.46101.9111.39
August 22, 1973851.90100.5310.77

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