News stories from Thursday September 20, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- White House lawyers and special Watergate prosecutor Archibald Cox failed to reach a compromise regarding an out-of-court settlement of the White House tapes controversy. The Court of Appeals will now rule on the case, and has agreed to do so within one week. [CBS]
- Convicted Watergate burglar G. Gordon Liddy appeared in a Los Angeles courtroom and pleaded not guilty to charges related to the break-in of Daniel Ellsberg's psychiatrist's office. Liddy stated he is destitute and cannot afford a lawyer. Attorneys were present for the others indicted in the Ellsberg break-in, David Young, Egil Krogh and John Ehrlichman. [CBS]
- The White House denied spreading rumors regarding the possible resignation of Vice President Spiro Agnew, but rumors continue. Attorney General Elliot Richardson will decide if charges are to be brought against Agnew. One Nixon aide stated that Agnew will be ousted. [CBS]
- Democrats will meet to discuss internal reforms as they struggle to bring the party back to a more conservative position. The delegate selection commission will address problems involving nominees; the McGovern quota system probably won't remain intact. Senator McGovern insists that delegate quotas were never mandated by his 1972 reform commission.
Democrats want organized labor, elected officials and the South back in the party, but without chasing young activists away. Party chairman Robert Strauss believes that heated arguments in 1976 will occur, but without hate and bitterness. He hopes that the 1972 reforms can be amended to make the party better. Older delegate selection commission members hope to bring back the older, more respected nominating procedure, but the commission's reformers refuse to turn back.
[CBS] - Chile's new government announced that its foreign minister will go before the United Nations General Assembly soon to explain last week's military coup. Santiago is trying to return to normalcy, however a state of siege still exists and sporadic gunfire continues. Prisoners have been taken to cut resistance to the junta. The military junta insists that innocent prisoners are being released, but prisoners are reportedly being treated poorly. Martial law is unlikely to be relaxed soon.
Mrs. Salvador Allende, in exile in Mexico, related to the New York Times new information regarding her husband's death. President Allende was initially believed to be a victim of suicide, but the new information points to murder.
[CBS] - Visiting Chile while the coup took place, eight American swimmers and their coaches have finally returned to Miami to be reunited with their families. Swimmers said that the State Department briefed them of possible trouble in Santiago before they left, but revolution was not expected. Tim McDonald said that for past week the Americans waited for military action to get them home. The Americans feared that they might be held in Santiago for a longer period of time. [CBS]
- Parents surrounded a building in Highland Park, Michigan, to keep negotiators and teachers inside until a settlement was reached and their children could go back to school. [CBS]
- Tonight is a big night for television. The tennis match between Billie Jean King and Bobby Riggs is scheduled on ABC; CBS will air "Bonnie and Clyde" with some of the violence removed. Both shows say something about life and reality. [CBS]
- New York Mets outfielder Willie Mays announced his retirement effective at the end of the season. [CBS]
- Cost of Living Council director John Dunlop will announce the price increases which are being permitted for gasoline dealers. [CBS]
- The crude oil shortage has rekindled a controversy on the West Coast. Since the 1969 Santa Barbara oil spill, no new drilling has been allowed. Now the California state lands commission has begun hearings and may consider permitting drilling again. The Sierra Club warned about the effects of another possible spill, but oil companies insist that drilling is possible without harm to the environment, and there are new devices which have been developed to control oil spills if they occur. Environmentalists deny that spills can be controlled, and pointed out that even some oil seepage from the 1969 spill still exists. [CBS]
- The Department of Health, Education and Welfare proposed new sterilization guidelines. [CBS]
- The FDA ordered the manufacturers of the "morning after" birth control pill and doctors to supply information on its side effects. [CBS]
- A British supersonic transport jet arrived in Dallas, Texas, but reportedly nearly collided with a small plane. [CBS]
- The Senate committee probing securities swindles stated that Elliott Roosevelt will rebut testimony by Louis Mastriana, who alleged that Roosevelt was involved in an assassination plot. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 920.53 (+10.16, +1.12%)
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 19, 1973 | 910.37 | 105.88 | 24.57 |
| September 18, 1973 | 891.26 | 103.77 | 16.40 |
| 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 |