News stories from Monday October 23, 1972

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

Rumors of an impending cease-fire and settlement of the Vietnam war continue. Henry Kissinger has left Saigon after talks with President Thieu and is en route back to Washington. Kissinger and Thieu have agreed on a cease-fire but Thieu still opposes a coalition government with Communists. Thieu called for North Vietnam's withdrawal from South Vietnam and stated that his country still requires continued American economic and military aid. [CBS] In Paris, Laotian Premier Souvanna Phouma predicted that there would be an announcement of a cease-fire in Indochina this month. He is coming to Washington, DC on Wednesday for talks with State Department officials. Communist delegates to the Paris Peace Talks are unenthusiastic about talk of peace. [CBS] Both presidential candidates campaigned in New York today for that state's 41 electoral votes. In Westchester County, President and Mrs. Nixon motorcaded through the New York City suburbs and the president lambasted Congress' spending spree. He goes to Kentucky and Ohio next. [CBS] George McGovern answered phoned-in questions on TV, then left Washington for the final two-week swing of the campaign. McGovern visited a Naval hospital in Philadelphia to commemorate Veterans Day. [CBS] Republicans, more silently than Democrats, are paying attention to Watergate. President Nixon ordered his counsel John Dean to reopen an investigation on the Watergate case; Dean interviewed Dwight Chapin and Donald Segretti. Acting FBI director L. Patrick Gray cautioned the President that the FBI has established more direct links to the White House than the President might know about. [CBS] Roland Hill, one of Minnesota's 10 Democratic presidential electors, announced that he will not vote for George McGovern even if he carries the state. [CBS] NATO has taken the first step toward mutual East-West troop cuts in Europe. NATO ambassadors will hold talks with the Soviet bloc in Helsinki, Finland. At the United Nations, the Soviets proposed a world-wide disarmament conference. U.S. Ambassador George Bush said it would do more harm than good. [CBS] Last week in Chicago, nine members of a black group, "De Mau Mau" gang, were arrested and charged with the murders of nine whites. Of the nine De Mau Mau members who were arrested, four are Vietnam veterans. In Vietnam, racial tensions ran deep among American servicemen. Blacks formed organizations to counter racism; De Mau Mau was one of those. Defense attorney Richard Halpin stated that there is no evidence that the organization is dedicated to killing whites, and he called for an investigation rather than the publication of shock headlines which could start a race war.Many veterans are having difficulty finding jobs. Black veteran Sam Campbell said that white employers shut their doors to his kind. The NAACP presented figures to the Congressional Black Caucus showing black service discharges that were other than honorable; these men cannot find jobs. The Defense Department is investigating. One black veteran said that people assume he's on dope because he was in Vietnam. [CBS] Veterans Affairs administrator Donald Johnson represented President Nixon, laying a wreath at the tomb of the unknown soldier at Arlington National Cemetery today. [CBS] In Sofia, Bulgaria, four Turkish terrorists surrendered after threatening to blow up a hijacked jet with 60 hostages aboard. They had demanded social reforms in Turkey. [CBS] President Idi Amin of Uganda has been hospitalized. [CBS] Republicans need to win six more seats to control the Senate. In Rhode Island, John Chafee is running against incumbent Democrat Claiborne Pell. Both Chafee and Pell want the U.S. out of Vietnam. Chafee has taken to using a bicycle, helicopter and bus to demonstrate his concern for urban transportation problems. Pell has been rushing back and forth from Rhode Island to Washington, DC to cast votes. [CBS] The President of the American Cancer Society stated that two-thirds of all cancer patients can be cured if they are diagnosed early. [CBS]

Stock Market Report

Dow Jones Industrial Average: 951.31 (+8.50, +0.90%)
S&P Composite: 110.35 (+1.11, +1.02%)
Arms Index: 0.70

	Issues	Volume*
Advances	1,042	10.14
Declines	401	2.74
Unchanged	305	1.31
Total Volume		14.19

* 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
Date	DJIA	S&P	Volume*
October 20, 1972	942.81	109.24	15.74
October 19, 1972	932.12	108.05	13.85
October 18, 1972	932.34	108.19	17.29
October 17, 1972	926.48	107.50	13.41
October 16, 1972	921.66	106.77	10.94
October 13, 1972	930.46	107.92	12.87
October 12, 1972	937.46	108.60	13.13
October 11, 1972	946.42	109.50	11.90
October 10, 1972	951.84	109.99	13.31
October 9, 1972	948.75	109.90	7.94