News stories from Tuesday September 18, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Washington Post reported that Vice President Spiro Agnew will soon resign. Today, Agnew carried out his daily duties and was unruffled during a luncheon with Pakistani ruler Zulfikar Ali Bhutto. Outside the luncheon, Agnew refused to comment on any plans about resignation, and noted that the Post story came from "undisclosed" sources.
CBS has learned that Agnew is in fact considering resignation because of the stress on his family and President Nixon's' refusal to support him. White House spokesman Gerald Warren refused to comment on any questions regarding Agnew.
[CBS] - In a closed meeting, the Senate Watergate committee voted to move swiftly after hearings resume Monday. The list of witnesses for the second phase of the hearings was announced. Egil Krogh and David Young won't be called; Charles Colson will meet privately with the Watergate committee before a final decision on calling him as a witness is reached. E. Howard Hunt heads the witness list; John Caulfield, John Regan and Patrick Buchanan will follow Hunt.
The battle for the White House tapes continues. Arguments for access to the tapes were sent to the district judge.
[CBS] - President's White House tapes have been requested in an attempt to clear up a meeting with dairymen two days before the milk price hike. Presidential counsel Fred. Buzhardt revealed that a tape of the meeting exists, but President Nixon will claim executive privilege and withhold the tapes from a consumer group led by Ralph Nader. The increase in milk prices has been linked to campaign contributions by the dairy industry. Lawyer William Dobrovin filed a court motion on Nader's behalf, demanding that the tapes and two documents be released. [CBS]
- The Senate Rules committee began hearings on election campaign financing. Public funding for campaign costs is being considered. Senators Edward Kennedy and Hugh Scott back mandatory public funding, which Scott explained is designed to restore America's confidence in government. Most Republicans other than Scott find the prospect of public funding to be distasteful. [CBS]
- The Senate Foreign Relations Committee approved the nomination of Secretary of State designate Henry Kissinger. George McGovern cast the only dissenting vote. Confirmation by the full Senate is expected soon. [CBS]
- A racketeer involved in stolen securities testified before a Senate committee; Louis Mastriana claimed that he was offered a contract to kill the governor of the Bahamas.
Swindler Louis Mastriana related a tale that former Miami Beach mayor Elliott Roosevelt, the son of Franklin D. Roosevelt, was involved in a plan to assassinate Bahamian governor Lynden Pindling. Mastriana also reported conning banks with phony checks from the Bank of Sark, an island in the English Channel. He is currently serving an 8-year prison term for involvement with stolen securities.
Elliot Roosevelt called Mastriana's testimony "lies".
[CBS] - At the United Nations Security Council, the United States criticized Cuba for arguing with Chile because its embassy had been attacked during last week's coup. U.S. ambassador John Scali reported that the American embassy was also under fire in Chile during the coup. [CBS]
- The military regime continues to try to restore Santiago to some form of normalcy after the military coup last week. [CBS]
- Cambodian troops successfully reopened Highway 4, and other troops cleared the last Communist insurgents from Kompong Cham. [CBS]
- Jordan's King Hussein declared a general amnesty for Palestinian guerrillas and political prisoners, including guerrilla leader Abu Daoud. [CBS]
- The Civil Service Commission reassigned Ernest Fitzgerald back to the Pentagon job which he lost in 1970 during the controversy over the cost of the C-5A transport jet. Senator William Proxmire was delighted with the commission's decision, and said that he hopes all government employees will feel free to speak up if they notice government overspending. Fitzgerald was preparing to return to his job at the Pentagon and expressed no regret over his actions. [CBS]
- Army General Leslie Forney testified before the Senate hearings, stating that the U.S. Army has a definite problem with alcoholism; young enlisted men are the most affected. [CBS]
- One of the sextuplets born to Mrs. Edna Stanek in Denver was reported in poor condition; the other babies are listed in good condition. [CBS]
- The Environmental Protection Agency released a report regarding the gas mileage of 1974 cars. Republican Senator Charles Percy introduced a new auto tax bill based on a car's gasoline mileage. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 891.26 (-1.73, -0.19%)
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 17, 1973 | 892.99 | 104.15 | 15.10 |
| September 14, 1973 | 886.35 | 104.44 | 13.76 |
| 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 |