News stories from Tuesday October 10, 1972

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

Henry Kissinger met for a third day with North Vietnamese officials in Paris; talks have been extended for a fourth day. Speculation is increasing that peace in Vietnam is near. A spokesman for North Vietnam said that President Thieu of South Vietnam could lead one of three factions in a coalition government, but Thieu eliminated himself by opposing such a government. [CBS] The Washington Post reported on a Republican program of espionage and sabotage aimed at Democrats. The report states that the FBI found the Watergate case to be only one instance of such activity, which began last year under White House and Nixon campaign officials. Former Treasury Department attorney Donald Segretti allegedly recruited operatives for the campaign. A Nixon campaign spokesman called the report fiction; the White House declined comment.House Banking Committee chairman Wright Patman called a hearing and asked for voluntary testimony from Republican officials John Mitchell, Clark MacGregor, Maurice Stans and John Dean. Patman said that Republicans are attempting to assassinate an entire political party through espionage. The General Accounting Office is launching a full-scale investigation into the finances of the Watergate affair. Alex B. Shipley of Nashville acknowledged the futile efforts of Segretti to enlist him in spy operations. He said that Segretti proposed that Shipley pose as a Kennedy backer in order to find other Kennedy men and place them in Edmund Muskie's ranks, then use the information obtained for President Nixon's benefit. Roger Lee Nixt of Dennison, Iowa claimed that Segretti proposed printing bogus tickets to fund-raising dinners for Muskie, which would result in confusion. Democrats now believe that anonymous calls about Senator Eagleton's health were Republican-inspired. On June 19, AFL-CIO president George Meany's assistant, Virginia Tahaz, received a call from someone calling himself Gary Hart (Senator McGovern's campaign manager) asking Meany to come to New York City for a meeting with the senator, which would be "to Meany's advantage"; this infuriated Meany. Hart says he did not place that call. [CBS] George McGovern, campaigning in Michigan, reacted to the Washington Post story. McGovern said that Watergate is only one instance in a large network of wiretapping. At a rally of retired union workers in Kalamazoo, he promised better health care for the elderly. McGovern criticized President Nixon's priorities, saying that America is number one in napalm production, but only 14th in life expectancy. He drew a large crowd at Western Michigan University, where he criticized South Vietnam President Thieu's "dictatorship". [CBS] After a weekend of golf at Frank Sinatra's Palm Springs estate, Vice President Agnew has resumed campaigning. He attended a rally in Anaheim with Lainie Kazan singing, and mingled with movie stars such as Eva Gabor, Jack Benny, Milton Berle, John Wayne, Frank Sinatra and Rosalind Russell as California Governor Ronald Reagan cheered. Agnew criticized Senator McGovern's insinuations of corruption in the Nixon administration. [CBS] Publisher Ralph Ginzburg has been paroled after serving eight months of a three-year term for obscenity in his magazine, "Eros". Ginzburg accused the Supreme Court of high crimes and treason for its ruling against him, and passed out copies of the Eros issue which caused the ruckus nine years ago. [CBS] A new Harris poll shows President Nixon with 60%, Senator McGovern with 33% and 7% undecided. [CBS] President Marcos' declaration of martial law and the decline of democracy in the Philippines did not produce any comment from the U.S. government. Marcos' popularity has increased following his dictatorial move. The Philippines suffered violence, corruption and poverty under democracy. People prefer order, even tyrannical order, over anarchy. [CBS] The Supreme Court upheld a lower court decision which struck down an Ohio law that permits financial aid to parents with children in private schools. [CBS] The Supreme Court rejected the Democrats' appeal for free television time to respond to three broadcasts of President Nixon. [CBS] The Senate failed to end a filibuster on an anti-busing bill. Philip Hart claimed that the bill would set off racial strife, and Jacob Javits said it would reverse American school policy. Liberal senators filibustered the bill. James Allen called for a vote and Howard Baker and Robert Griffin also tried to close off the debate, but failed.The House has already passed an anti-busing bill, and the White House supports it. President Nixon called five senators to a strategy session today. [CBS] 33 Senate seats are at stake in Campaign '72. In the Oregon race, Wayne Morse, an ex-Republican turned liberal Democrat and a critic of the Vietnam war, at age 72 is trying again to become the conscience of the Senate. Morse says that many things need to be done and few in public service are willing to do them. His opponent is Mark Hatfield, the young former governor of the state, and the current Republican incumbent. Hatfield also opposes the Vietnam war and his relations with the Nixon administration have been strained. Hatfield stated that he is not depending on his party label, his association with the President, or the President's endorsement. [CBS]

Stock Market Report

Dow Jones Industrial Average: 951.84 (+3.09, +0.33%)
S&P Composite: 109.99 (+0.09, +0.08%)
Arms Index: 1.04

	Issues	Volume*
Advances	815	6.68
Declines	563	4.82
Unchanged	371	1.81
Total Volume		13.31

* 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 9, 1972	948.75	109.90	7.94
October 6, 1972	945.36	109.62	16.63
October 5, 1972	941.30	108.89	17.73
October 4, 1972	951.31	110.09	16.64
October 3, 1972	954.47	110.30	13.09
October 2, 1972	953.27	110.16	12.44
September 29, 1972	953.27	110.55	16.25
September 28, 1972	955.15	110.35	14.71
September 27, 1972	947.25	109.66	14.62
September 26, 1972	936.56	108.17	13.15