News stories from Monday September 25, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The three released American POW's have left North Vietnam and are en route to the United States via Nanking and Moscow. Mrs. Cora Weiss, chairman of the anti-war group which is escorting the POW's, claims that she met with North Vietnamese Premier Pham Van Dong and discussed plans for the reconstruction of North Vietnam. [CBS]
- A Yankelovich survey of 16 key states shows President Nixon with a 39-point lead over Senator George McGovern. The survey, which was taken for Time magazine and the New York Times, shows Nixon's lead increasing. The new poll must be discouraging to McGovern as it shows him lagging in big states which he hoped to win, but McGovern pollster Patrick Caddell challenged the validity of the Yankelovich survey. Caddell reported the results of his own telephone survey, which are less dismal and which reflect voters switching from Nixon to McGovern. Caddell also said that the Times survey is old, having been conducted before Labor Day. [CBS]
- Thomas Gleason, president of the International Longshoremen's Association, endorsed President Nixon. [CBS]
- A privately-owned F-86 Sabre jet crashed into a California ice cream parlor after an air show in Sacramento; 22 people were killed and 26 injured among the 200 who were inside the parlor at the time. The F-86, which was piloted by Richard Bingham, failed to take off and crashed through a fence into the ice cream parlor which was filled with children attending two birthday parties. Bingham escaped serious injury and said that he is sorry about the crash. The National Transportation Safety Board will conduct an investigation. Plane owner William P. Patrick had restored the Korean era fighter plane. [CBS]
- Secretary of State William Rogers is calling for a treaty to crack down on international terrorism and he has asked the United Nations to call a special conference to draft it. Rogers also urged the U.N. General Assembly to not be diverted by political passions in efforts to end terrorism, and he noted the hijackings, kidnappings and the assassinations of diplomats including those done by letter bombs. Communist, African and Arab nations are trying to avoid dealing with the issue. [CBS]
- Prime Minister Tanaka of Japan is visiting Chinese Premier Chou En-lai; both are seeking to bring hatred between the two nations to an end. Tanaka is the first Japanese leader to visit China since 1949. Japanese diplomatic relations with the Nationalist Chinese government of Chiang Kai-shek on Taiwan will be severed. [CBS]
- The International Monetary Fund and the World Bank opened their annual meeting in Washington, DC. President Nixon urged monetary reforms and pressed for more equitable and open trade among the nations of the world. Treasury Secretary George Shultz opposes the re-election of Pierre-Paul Schweitzer, managing director of the IMF. [CBS]
- It was reported that martial law may continue in the Philippines for the next two years. [CBS]
- The House approved President Nixon's five-year agreement with the Soviet Union to curb the nuclear arms race; the Strategic Arms Limitation Talks pact limits ICBMs. Senator Jackson's amendment urges U.S. numerical equality in future negotiations. [CBS]
- Four gasoline storage tanks have exploded in Chattanooga, Tennessee; planes are being restricted from flights in the area. [CBS]
- Florida police were searching for parents who traded their infant son for a car. The mother, 19-year-old Jennifer Fire, was caught in Union Springs, Alabama. Mrs. Fire described her financial troubles, and now joins her two other children for the trip back to Florida. [CBS]
- New York City officials report that methadone, the drug which is used as a replacement for heroin, has become the second-leading cause of death among drug users. [CBS]
- Security restrictions have been tightened on vehicles in Saigon, South Vietnam. Communist forces are expected to attack the capital before the U.S. presidential election. [CBS]
- Trips to Hanoi by American citizens such as Jane Fonda and Ramsey Clark have been criticized; the House Internal Security Committee voted today to outlaw such actions without presidential approval. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 935.73 (-7.30, -0.77%)
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 22, 1972 | 943.03 | 108.52 | 12.57 |
| September 21, 1972 | 939.49 | 108.43 | 11.94 |
| September 20, 1972 | 940.25 | 108.60 | 11.98 |
| September 19, 1972 | 943.18 | 108.55 | 13.33 |
| September 18, 1972 | 945.36 | 108.61 | 8.80 |
| September 15, 1972 | 947.32 | 108.81 | 11.69 |
| September 14, 1972 | 947.55 | 108.93 | 12.50 |
| September 13, 1972 | 949.88 | 108.90 | 13.07 |
| September 12, 1972 | 946.04 | 108.47 | 13.56 |
| September 11, 1972 | 955.00 | 109.51 | 10.71 |