News stories from Tuesday September 11, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The government of Chile has been overthrown by a military coup; the presidential palace was destroyed although President Salvador Allende offered little resistance to the military coup in his last radio message to the nation's workers.
Casualties remain small, but anti-coup radio stations and newspapers have been destroyed. Problems during Allende's administration included inflation, strikes and riots. Former foreign minister Gabriel Valdez is a possible successor to Allende as president.
[CBS] - The decision regarding Judge John Sirica's private hearing of the White House tapes has gone to the Washington, DC Court of Appeals. President Nixon's lawyer Charles Wright presented arguments against Judge Sirica's hearing the tapes, while special Watergate prosecutor Archibald Cox presented his argument in favor of the tapes being heard. The court seems to be leaning toward Cox's position, and will announce its ruling within two weeks. [CBS]
- The Senate Watergate committee is also seeking access to the White House tapes. Senator Barry Goldwater proposed that President Nixon give a portion of tapes to the committee, and he called for an end to televised hearings in an article which appeared in the New York Times. Goldwater called for a public debate between Senate committee chairman Sam Ervin and the president over the disputed testimony. White House assistant press secretary Gerald Warren ruled out any such possibility. [CBS]
- The Senate Watergate committee will meet in a closed session to discuss its future. Committee members are seeking a probe into an illegal contribution to the Nixon campaign by Howard Hughes. Former Attorney General John Mitchell allegedly instructed G. Gordon Liddy and E. Howard Hunt to break into a Las Vegas newspaper publisher's safe to steal embarrassing notes written by Hughes to Nixon in 1972. Watergate burglar James McCord reported that Hughes' plane was made available to the break-in team, but the plan was never carried out. [CBS]
- Former White House aide John Ehrlichman appeared before a federal grand jury which is investigating the Watergate break-in. The trial of former White House officials John Mitchell and Maurice Stans in New York, regarding illegal contributions to the Nixon campaign from financier Robert Vesco, has been delayed. [CBS]
- Prince Souvanna Phouma of Laos announced a peace accord between his "neutralist" government and other Communist-led governments. [CBS]
- The U.S. and South Vietnam warned North Vietnam against reconstructing abandoned U.S. airstrips in South Vietnam and violating South Vietnamese air space. [CBS]
- The Associated Press reported that twelve Cambodian government army officers were executed after withdrawing their troops from Kompong Cham. Reports indicate that Communists are attacking government strongholds in the city. [CBS]
- Confirmation hearings for Secretary of State designate Henry Kissinger continued. Kissinger is likely to win confirmation.
The controversial FBI report on national security wiretapping was shown to committee members Clifford Case and John Sparkman. The Senate Foreign Relations committee was satisfied to finally learn of Kissinger's role in the wiretaps. Today, the Strategic Arms Limitation Talks were discussed. Kissinger stated that a spiraling of the arms race is inevitable without the SALT agreement.
[CBS] - Law enforcement officials from across the country met with President Nixon at the White House to discuss street crime. Afterwards, the president reported that drug addiction in America is being controlled. [CBS]
- President Nixon met with new Republican John Connally to discuss a trip abroad by Connally later in the year where he will be representing the president. [CBS]
- Julie Nixon Eisenhower began her new $10,000-a-year job as an assistant editor for the Curtis Publishing Company. [CBS]
- Congress is working on a bill to forbid local television sports blackouts for events which are sold out 72 hours before a game. The bill heads for the Senate after being passed by the House. [CBS]
- Skylab astronauts Jack Lousma, Owen Garriott and Alan Bean took pictures of Africa's drought area to help find water. [CBS]
- The Agriculture Department reported that this year's grain crop is large. Prices will remain high, however. [CBS]
- James B. Carey, founder of the International Brotherhood of Electrical Workers, died in Maryland. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 885.76 (-5.57, -0.62%)
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* |
| September 10, 1973 | 891.33 | 103.85 | 11.62 |
| September 7, 1973 | 898.63 | 104.76 | 14.93 |
| September 6, 1973 | 901.04 | 105.15 | 15.67 |
| September 5, 1973 | 899.08 | 104.64 | 14.58 |
| September 4, 1973 | 895.39 | 104.51 | 14.21 |
| August 31, 1973 | 887.57 | 104.25 | 10.53 |
| August 30, 1973 | 882.53 | 103.88 | 12.10 |
| 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 |