News stories from Friday September 14, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The first film of the military overthrow in Chile has been released. The film shows the bombing of the presidential palace and snipers shooting. The swearing-in ceremonies for new President Augusto Pinochet and his military cabinet are also shown.
Mrs. Allende, former President Salvador Allende's wife, was refused asylum in Mexico; she reportedly remains at the Mexican embassy in Santiago.
[CBS] - Treasury Secretary George Shultz, now in Tokyo, severely criticized any proposed tax increase and presidential counsel Melvin Laird's interference in economic issues. Assistant press secretary Gerald Warren and Laird insist that the president is considering tax reforms backed by Arthur Burns. [CBS]
- The Senate Foreign Relations committee completed its public hearings regarding the confirmation of Secretary of State designate Henry Kissinger. Critical witnesses appeared before the committee. Curtis Dall of the "Liberty Lobby" group testified against confirmation because of Kissinger's record of intervention in international situations. Former Alaska Senator Ernest Gruening criticized Kissinger's foreign policy in Southeast Asia. Reverend Douglas Moore of the "Black United Front" questioned why Kissinger shows greater loyalty to Russian Jews than to the black people of Africa. The American Arab Federation's Dr. William Small insisted that Kissinger denounce all ties to Israel.
The committee will probably overwhelmingly approve Kissinger as Secretary State early next week.
[CBS] - Four of the burglars caught in the Watergate hotel during the Democrat headquarters break-in in 1972 have requested that their guilty pleas be reversed. [CBS]
- The Baltimore grand jury will resume its investigation into Maryland political kickbacks. Evidence against Vice President Spiro Agnew may be presented. Attorney General Elliot Richardson refused comment regarding the Agnew probe and any decision made by the grand jury. [CBS]
- President Nixon signed the bill which prohibits local blackouts of televised sporting events if the game is sold out 72 hours in advance. [CBS]
- Interior Secretary Rogers Morton speculated about higher fuel prices and lower fuel supplies, as state Attorneys General met in Boston to discuss the fuel problem. Massachusetts Attorney General Robert Quinn said that states must work together against the oil industry. New Hampshire Attorney General Richard Wiebusch believes that concerted antitrust action against major oil companies could help solve the energy crisis. Together, states may be able to stop the monopoly of the major oil companies. [CBS]
- Alabama Governor George Wallace signed into law an ethics bill governing state employees and reporters working on legislative stories. Alabama state senator Bob Harris said that readers should have background on newsmen so they will be better able to judge articles they write. The Birmingham Post-Herald's Ted Bryant stated that including reporters in bill was the result of vindictiveness by the legislature.
Governor Wallace wanted the ethics legislation, but was unaware that the legislature added reporters to the bill. Wallace said he had no choice but to sign the bill, as is, if ethics legislation was to pass. The law will be challenged in court.
[CBS] - The Nixon administration and Congress both have requested that banks which raised their prime rate to 10% justify that increase immediately. [CBS]
- A peace agreement between the Laotian government and the Communists has been signed. A coalition government will be set up. [CBS]
- Cambodian government troops claimed victory at Kompong Cham after intensive fighting. Cambodians have held on to the city despite attacks by insurgent Communists. [CBS]
- The Coast Guard warned people along the Gulf of Mexico against making contact with barrels containing cyanide. The barrels were in the Gulf due to a ship collision, and tropical storm Delia may have moved them inland. [CBS]
- Zenith recalled several television models as a possible fire hazard and warned TV set owners against using them. [CBS]
- A private consumer group requested that General Mills remove its test cereal "Mr. Wonderful's Surprise" before national marketing begins. A company spokesman called the group's action "ridiculous". [CBS]
- A film of the late Chilean President Salvador Allende's last interview was released. In it, he discussed the main problems facing Chile, and spoke about relations with the United States. Allende also talked about the possibility of resigning, and the probability of a civil war in Chile. [CBS]
- After his visit to China, French President Georges Pompidou insisted that French relations with the Soviet Union were not hurt, and noted that his visit was not directed against any particular country. [CBS]
- Hearings have begun regarding changing the Florida space center's name back to Cape Canaveral. It was re-dedicated as Cape Kennedy after President Kennedy's assassination. [CBS]
- Prices of honey have soared. The Agriculture Department is stumped as to the reason for the increase. [CBS]
- General Motors is recalling 75% of new Pontiacs due to the likelihood of a fire hazard. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 886.35 (+5.78, +0.66%)
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 13, 1973 | 880.57 | 103.36 | 11.67 |
| September 12, 1973 | 881.32 | 103.06 | 12.04 |
| September 11, 1973 | 885.76 | 103.22 | 12.69 |
| 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 |