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Tuesday September 25, 1973
. . . where the 1970s live forever!

News stories from Tuesday September 25, 1973


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

  • Vice President Spiro Agnew requested that the House of Representatives make a full inquiry into the charges against him in the Maryland kickback scheme; possibly the first step in impeachment proceedings. Attorney General Elliot Richardson reported that the Baltimore grand jury will begin hearing the evidence this week against Agnew.

    Congressional leaders met with Agnew today. Outside, the Vice President told reporters that the contents of his message to Congress are self-evident, and he refused further comment.

    Richardson issued a statement confirming that he, assistant Attorney General Henry Petersen and U.S. attorney George Beall met with Agnew's lawyers. President Nixon also met with Agnew today; no talk of resignation was mentioned. Nixon issued a statement requesting that the American people reserve judgment on Agnew until the evidence is proved or disproved. [CBS]

  • Splashdown for Skylab astronauts Alan Bean, Owen Garriott and Jack Lousma went smoothly. [CBS]
  • Convicted Watergate conspirator E. Howard Hunt appeared for a second day of hearings before the Senate Watergate committee. Hunt outlined his theory that co-conspirator Alfred Baldwin acted as a double agent and was the one who called the police on the Watergate burglars.

    Senator Howard Baker asked Hunt if the CIA was involved in domestic activities; Hunt agreed that they were, and added that they may have always been involved. Hunt stated that he believed the orders he received had the "highest sanction" and such orders were not meant to be questioned. Hunt named John Mitchell, Jeb Magruder and John Dean as the leaders behind the White House's covert activities. Hunt said he did not understand the reasoning behind Charles Colson's orders for Hunt to falsify documents involving the Kennedy administration in the assassination of South Vietnam's president.

    The next witness will be President Nixon's speechwriter Patrick Buchanan. [CBS]

  • The Senate upheld President Nixon's veto of the disaster loan bill. [CBS]
  • Former United Mine Workers president Tony Boyle attempted to commit suicide. Boyle is accused of ordering the murders of UMW rival Joseph Yablonski and his family. Boyle's personal physician said that his chances of surviving the suicide attempt are poor. [CBS]
  • Jose Rucci, Argentina's most powerful labor leader, was assassinated in the wake of Juan Peron's election victory. The leftist Montoneros guerrilla group was allegedly behind the murder; Peron grieves. [CBS]
  • Henry Kissinger's Soviet counterpart spoke to the United Nations General Assembly after the Secretary of State's speech yesterday. Soviet foreign minister Andrei Gromyko warned against Western intervention in Soviet domestic affairs. Across the street at the U.S. mission to the United Nations, Kissinger lunched with Arab delegates and told them that the United States would offer understanding to the Arab countries. [CBS]
  • Communist insurgents in Cambodia daringly attacked Phnom Penh's biggest power plant, not far from President Lon Nol's palace. [CBS]
  • At the world monetary conference in Nairobi, Kenya, Treasury Secretary George Shultz said that he thinks the dollar will strengthen soon. [CBS]
  • Mrs. Edna Stanek, the mother who recently gave birth to sextuplets, has returned home. Five of the six babies survived. [CBS]


Stock Market Report

Dow Jones Industrial Average: 940.55 (+3.84, +0.41%)
S&P Composite: 108.05 (+0.69, +0.64%)
Arms Index: 0.98

IssuesVolume*
Advances95211.71
Declines5656.79
Unchanged3213.03
Total Volume21.53
* 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
DateDJIAS&PVolume*
September 24, 1973936.71107.3619.49
September 21, 1973927.90107.2023.76
September 20, 1973920.53106.7625.96
September 19, 1973910.37105.8824.57
September 18, 1973891.26103.7716.40
September 17, 1973892.99104.1515.10
September 14, 1973886.35104.4413.76
September 13, 1973880.57103.3611.67
September 12, 1973881.32103.0612.04
September 11, 1973885.76103.2212.69


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