News stories from Thursday September 27, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Baltimore grand jury, under tight security, today began hearing evidence against Vice President Spiro Agnew regarding kickback allegations. Prosecutor George Beall reportedly called IRS agents to testify. William J. Muth, a witness against Agnew, also appeared before the jury. After filming through the windows of the grand jury room, a CBS news team was taken into custody. Because of the security measures, few details of the proceedings are known.
Agnew's lawyers are preparing an argument to stop the probe. Attorney General Elliot Richardson apparently intends to get an indictment against Agnew, although impeachment seems unlikely at this time.
[CBS] - The Senate barely approved the Navy's Trident submarine fleet program. Senator Henry Jackson noted that, despite the closeness of the vote, Congress has become more aware of the ever-present Soviet threat and will be more prudent with legislation involving national defense. Senator Peter Dominick said that passage of the Trident program shows a basic distrust of the Soviet Union by the Senate. [CBS]
- Russia launched the manned spaceship "Soyuz 12" today. Film from the launch was supplied to the world after the successful liftoff.
Before leaving for Houston, Skylab commander Alan Bean referred to the Soviet mission and jokingly offered the cosmonauts the use of Skylab while in space.
[CBS] - Russian military advisers in Syria may leave soon. The Syrians are furious over the Soviets' refusal to activate anti-aircraft missiles during the recent dogfight between Syria and Israel. [CBS]
- Since 1967, Israel has occupied the Sinai peninsula which was formerly held by Egypt. Israel plans to develop a large chunk of the Sinai, which may complicate peace negotiations in the Mideast. On the coast of the occupied Sinai an Israeli town called Yamit will be built. The town is the brainchild of Israeli defense minister Moshe Dayan. Dayan was questioned about the present inhabitants of the area, and said that there are currently very few people living there, but they may remain in the new city. By building a Jewish city, the new Arab-Israeli boundary will become another bone of contention. [CBS]
- Eleven major oil exporting nations, mostly Arab, announced plans to sell oil products at higher prices. The United States will be affected. [CBS]
- Chilean soldiers, guarding the anonymous grave of deposed President Salvador Allende, battled with peasants who were allegedly trying to steal Allende's body. Soldiers now guard the entire cemetery to keep Allende supporters away from his gravesite. [CBS]
- After waiting for a year in the Mexican embassy in the Dominican Republic, guerrilla Manfredo Gasalo threatened a small boy's life unless safe passage out of country was granted. Gasalo is now on his way to France; the boy is safe. [CBS]
- Bryon de la Beckwith was tried but never convicted of the murder of civil rights leader Medgar Evers ten years ago. Today Beckwith was arrested in New Orleans with a dynamite time bomb, apparently intended to be used against local B'nai B'rith leader A.I. Botnick. [CBS]
- In San Francisco, as KGO radio host Jim Dunbar broadcast his show streetside, a gunman fired shots into the bulletproof glass between the street and the studio. The gunman then shot a KGO advertising executive before killing himself. [CBS]
- It was reported that pilot error caused the plane crash last December 8 in Chicago, and rumors claiming sabotage are false. Mrs. E. Howard Hunt, wife of the convicted Watergate conspirator, was among those who were killed in that crash. [CBS]
- Secretary of State Henry Kissinger denied asking the CIA for a psychiatric profile of Daniel Ellsberg. [CBS]
- The three networks will no longer rotate live coverage of the Senate Watergate hearings, effective next week; CBS will present live coverage on newsworthy days, and the other days' events will be summarized at 11:30 p.m. [CBS]
- The FDA classified the new fad drug methaqualone as a narcotic. [CBS]
- William Fellner, a nominee to President Nixon's Council of Economic Advisers, stated that he believes Phase IV is bad economically and politically. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 953.27 (+3.77, +0.40%)
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 26, 1973 | 949.50 | 108.83 | 21.13 |
| September 25, 1973 | 940.55 | 108.05 | 21.53 |
| September 24, 1973 | 936.71 | 107.36 | 19.49 |
| September 21, 1973 | 927.90 | 107.20 | 23.76 |
| September 20, 1973 | 920.53 | 106.76 | 25.96 |
| 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 |