News stories from Monday October 1, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Austria is caught between its pledge to Arab guerrillas to close a transit station for emigrating Soviet Jews, and Israeli Premier Golda Meir's concern for Jews which is backed by U.S. support. During a speech before a European council in France, Meir insisted that Austria's actions will encourage Arab terrorism.
Austria may consider altering its decision to close the emigration station at Schoenau Castle; since Austria's promise to the Arab guerrillas, business still continues there.
The hostages which were taken last week by Arab guerrillas were released on the condition that Austria close its way station for Soviet Jews. The hostages arrived in Israel after their harrowing experience. Demonstrations against Austria's action occurred in Tel Aviv.
[CBS] - A new oil pipeline will be built in Egypt by an American firm. [CBS]
- 75 black Americans tried to renounce their U.S. citizenship to remain in Tel Aviv, Israel. [CBS]
- CBS food shoppers made their monthly visits to grocery stores in four different cities to update the price of an assortment of food items which cost $20 in March. In New York City, the price today was $21.85; $22.90 in Atlanta; $22.09 in Chicago and $20.00 in Los Angeles. [CBS]
- Senator Adlai Stevenson introduced a bill to reform the petroleum industry. Stevenson accused the Nixon administration of being involved in supporting the petroleum industry's restraint of trade. [CBS]
- Vice President Spiro Agnew's anger raged over alleged Justice Department leaks regarding kickback allegations against him. Agnew's attack was specifically aimed at assistant Attorney General Henry Petersen. The White House insists that Petersen is not responsible for the news leaks. [CBS]
- Judge John Sirica stated that he never intended for the original Watergate defendants to serve maximum sentences if they cooperated with investigators. He said that the final sentences for E. Howard Hunt and the four Cuban-American burglars would be "compassionate and just". [CBS]
- Nixon campaign "dirty tricks" specialist Donald Segretti pleaded guilty to three violations of federal election laws. Segretti will cooperate with the prosecution in exchange for immunity on other charges. [CBS]
- The Senate passed an enormous military weapons bill, which will now be sent to the House. [CBS]
- The Atlanta mayoral election is tomorrow; two blacks are among the candidates. Vice Mayor Maynard Jackson and state senator Leroy Johnson both hope to become Atlanta's first black mayor; the remaining nine candidates are white. It is likely that one black and one white will be in the final runoff. Atlanta's claim to being a non-racist city will be tested in the mayoral race. [CBS]
- Heavy fighting was reported in South Vietnam. President Thieu stated that Communist forces are intent on a new offensive. [CBS]
- Communists attacked Phnom Penh, Cambodia. [CBS]
- Greece has a new civilian premier, Spyros Markezinis. President George Papadopoulos was forced to retire, and named Markezinis reluctantly. [CBS]
- In Rio de Janeiro, Brazil, a bomb exploded in the offices of a Chilean airline company. Opponents of Chile's military junta allegedly sent the bomb. [CBS]
- In Buenos Aires, Argentina, Pan American and Braniff airlines received extortion notes demanding payment of $1 million or they would "suffer consequences". [CBS]
- An offshore drilling rig exploded in the Gulf of Mexico. [CBS]
- The Postal Service reported that first class mail traveling at least 600 miles will be moved by plane. [CBS]
- A hearing date has been set to determine the fate of the bankrupt Penn Central Railroad. The Interstate Commerce Commission believes that the railroad should continue to operate until an alternative is found. [CBS]
- The Colorado Supreme Court ruled that anyone may wear a U.S. flag sewn to seat of their pants. [CBS]
- Disney World celebrated its first birthday. Inside Disney World, everything was rosy. Outside, speculators looking for a fast buck are going broke as investors seem to have overbuilt the area with motels. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 948.83 (+1.73, +0.18%)
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 28, 1973 | 947.10 | 108.43 | 16.30 |
| September 27, 1973 | 953.27 | 109.08 | 23.66 |
| 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 |