News stories from Thursday August 24, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- With the convention now over, President Nixon will set out on the campaign trail. Vice President Agnew, with an eye on the top of the ticket in '76, is trying to build a new image.
The Republican convention delegates have left Miami Beach; workmen are cleaning up the deserted convention hall. A trade show for gift shop operators and a Jewish religious service are the next events scheduled for the hall.
[CBS] - President Nixon campaigned in Chicago, criticizing defense cuts, amnesty for draft dodgers, and busing. At the American Legion convention he received a warm welcome; George McGovern's reception yesterday was chilly. Nixon stated that all presidents since Abraham Lincoln have endorsed a strong national defense, and instead of honoring deserters, the President should honor those who served their country.
In Utica, Michigan, Nixon dedicated the Dwight D. Eisenhower High School and blasted the use of busing for the purpose of school integration. He then left for San Clemente, California, with a campaign stop in San Diego. A Field poll shows Nixon leading in California by 8%.
[CBS] - Vice President Spiro Agnew held a news conference in Miami Beach, saying that he will campaign only on the issues; he is distressed at the image given of him in the 1968 and 1970 campaigns. Agnew said that Republicans don't need to be on the cutting edge in '72 because George McGovern has seized the razor from the wrong end. [CBS]
- Democratic presidential nominee George McGovern and vice-presidential nominee Sargent Shriver wooed organized labor today in Minnesota and Ohio respectively. In Minneapolis, Senator Hubert Humphrey lauded McGovern before a group of Minnesota labor leaders. McGovern also addressed the American Federation of Teachers, of which he is a member, saying that the Republican convention was a slick and well-managed operation. McGovern's reception at the Veterans of Foreign Wars' convention was silent and chilly, however. [CBS]
- Sargent Shriver received an endorsement for the Democratic ticket from the Molders and Allied Workers Union in Cincinnati. Shriver called President Nixon's convention acceptance speech "a guided tour of the Disneyland world of Republican politics". Shriver criticized the President's actions in Vietnam and cited the number of American deaths in Vietnam under Nixon's "generation of peace". [CBS]
- Demonstrators joined the exodus from Miami Beach; 939 protesters were arrested last night. 668 were arrested in Chicago at the 1968 Democratic national convention, but less violence was noted this time. The temporary residents of Flamingo Park headed home, or stayed to help their arrested comrades by raising bail funds. Last night's violence mainly took the form of tire slashing to stall delegates' cars en route to the convention hall; police made mass arrests. Tactically, the protesters lost. Tear gas was used, but newsmen and elderly Miami Beach residents were also the victims of gas.
Rennie Davis, one of the leaders of the protest coalition, admitted that some protesters weren't committed to the principles of non-violence, but said that 95% of all incidents could have been avoided if a sit-in outside the convention hall had been allowed to take place, as was promised. Miami Beach police chief Rocky Pomerance said that permission for the Wednesday night sit-in was withdrawn after protesters harassed delegates on Tuesday night; Pomerance believes that protest leaders didn't have control of the situation.
[CBS] - Demonstrators comprised a coalition of protest groups, including Vietnam Veterans Against the War. 200 VVAW's marched today in Gainesville, Florida. in support of six Vietnam vets who are facing arraignment on charges of conspiracy to disrupt the Republican convention. U.S. attorney William Stafford announced that the veterans are charged with plans to organize fire teams, attack with automatic weapons, and bomb police stations and cars. The vets pleaded guilty of war crimes against the Vietnamese people, but not guilty to Stafford's charges. Defendant Scott Camil claimed that phony charges were trumped up in order to discredit the VVAW. The marchers dispersed at the University of Florida campus. [CBS]
- North Vietnam continued assaults in the Que Son Valley near Danang. Artillery attacks on Thang Binh sent refugees running for cover. The South Vietnamese commander who abandoned Camp Rose has been arrested. [CBS]
- Three Americans were killed and 21 wounded in Vietnam last week; ARVN dead are 617; there were 3,376 enemy dead. [CBS]
- Madame Binh, the Viet Cong negotiator at the Paris Peace Talks, charged that the U.S. is offsetting the withdrawal of ground troops in Vietnam with the mobilization of air and sea power. American Ambassador William Porter is on vacation but his deputy, Heyward Isham, accused the Communists of seeking a military victory while professing their desire for a negotiated settlement. [CBS]
- The 6th U.S. Circuit Court of Appeals stayed a lower court order for school busing in Detroit. [CBS]
- The 18th game of world chess championship in Iceland adjourned. Bobby Fischer has 10 points, Boris Spassky has 7. Officials checked the tournament hall due to Russian charges that Americans planted electrical or chemical devices to mar Spassky's game. [CBS]
- The nation's trade deficit in July was the smallest in six months: $542 million. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 958.38 (-11.97, -1.23%)
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* |
| August 23, 1972 | 970.35 | 112.26 | 18.67 |
| August 22, 1972 | 973.51 | 112.41 | 18.56 |
| August 21, 1972 | 967.19 | 111.72 | 14.29 |
| August 18, 1972 | 965.83 | 111.76 | 16.15 |
| August 17, 1972 | 961.39 | 111.34 | 14.36 |
| August 16, 1972 | 964.25 | 111.66 | 14.95 |
| August 15, 1972 | 969.97 | 112.06 | 16.67 |
| August 14, 1972 | 973.51 | 112.55 | 18.87 |
| August 11, 1972 | 964.18 | 111.95 | 16.57 |
| August 10, 1972 | 952.89 | 111.05 | 15.26 |