News stories from Tuesday November 6, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Judge John Sirica has learned that President Nixon's personal secretary Rose Mary Woods has a number of White House tapes in her possession. White House aide Steven Bull disclosed Miss Woods' connection with the tapes. Bull admitted that he, Woods and the President worked on typing the transcripts of the White House tapes at Camp David, Maryland. The tapes were later taken to Key Biscayne, Florida, and placed in a safe under constant guard.
Bull was questioned about Miss Woods typing the transcripts and stated that he did not know the reason for her actions. White House aide John Bennett testified that Woods has 14 of the tapes currently. Judge Sirica then requested that Rose Mary Woods appear in court. He also met secretly with White House lawyers Leonard Garment and Fred Buzhardt today.
[CBS] - Former Attorney General Elliot Richardson opposes having the courts name a successor to former special Watergate prosecutor Archibald Cox. Richardson appeared before the Senate Judiciary Committee to propose that the Watergate prosecutor be confirmed by the Senate after being appointed by the executive branch. Richardson suggested the confirmation process be used as a weapon to get the President to drop his claims of executive privilege regarding Watergate-related tapes and documents which are needed in the investigation. Richardson concurred that talk of impeachment and resignation would increase if such pressure on the President failed to budge him. Richardson also revealed that President Nixon mentioned getting rid of Cox as long ago as late September. [CBS]
- The Senate Watergate Committee agreed to invite President Nixon for a session to discuss the President's side of the Watergate issue. The committee heard testimony today involving Democrat dirty tricks during the '72 campaign. [CBS]
- Edward Gurney, a member of the Senate Watergate Committee, called the committee's investigation a "travesty". Gurney himself has been investigated by the Ervin committee twice. [CBS]
- Fugitive financier Robert Vesco was arrested in the Bahamas. [CBS]
- President Nixon may announce his plans to cope with heating oil and gasoline shortages tomorrow.
Secretary of State Henry Kissinger is currently in Cairo, after meeting in Morocco with King Hassan regarding the Mideast situation. Hassan was reportedly encouraged by Kissinger's remarks. In Egypt, Kissinger hopes to persuade President Sadat to release Israeli POWs in return for a pullback of Israeli forces.
[CBS] - Both Israel and Egypt warned of possible renewed aggression in the Mideast. Israel continues to allow supplies to cross the Suez to relieve the trapped Egyptian 3rd army. The Israelis dislike doing so, but the U.S. has applied pressure on Israel to keep the 3rd army supplied. The West bank of the Suez Canal seems tense and a general expectation of war hangs in the air. Israel released a casualty report indicating that they have suffered a huge death toll. Arab casualty figures have not been released. [CBS]
- While today's New Jersey and Virginia gubernatorial races may provide insight into the impact of Watergate on local elections, an proposition in Washington state might be a better indicator. Bruce Helm is fighting to keep politicians, including members of the state legislature and Governor Dan Evans, from getting enormous raises. Helm, a political novice, stated that politicians have no right to take advantage of their position to boost their income. [CBS]
- President Nixon's few remaining supporters are rallying behind him. In Lafayette, California, a committee for the support of President Nixon insists that pro-Nixonites call committee headquarters daily. Committee co-founder Mrs. Bernice Pantell says that the group supporting President Nixon is strong but silent. [CBS]
- The Dayton Daily News reported that the FBI is investigating the relationship between Attorney General-designate William Saxbe and an Ohio slot machine manufacturer. [CBS]
- Charges of arson and rioting were dropped against activist H. Rap Brown in Maryland. [CBS]
- Environmental Protection Agency administrator Russell Train announced that catalytic converters must be installed on new cars immediately. But catalytic converters are controversial; some scientists believe that the converters are potentially dangerous, as people with asthma and chronic lung and heart conditions may suffer more as a result of the converters. General Motors officials insist that the converters pose no serious threat, although evaluations cannot be completed due to the EPA's forced deadline. At a Senate hearing, Train insisted that any postponement would delay implementation of the clean air standards which have been proposed for the upcoming years. [CBS]
- New York City firemen went on strike for five hours today. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 913.08 (-6.32, -0.69%)
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* |
| November 5, 1973 | 919.40 | 105.52 | 17.15 |
| November 2, 1973 | 935.28 | 107.07 | 16.34 |
| November 1, 1973 | 948.83 | 107.69 | 16.92 |
| October 31, 1973 | 956.58 | 108.29 | 17.89 |
| October 30, 1973 | 968.54 | 109.33 | 17.58 |
| October 29, 1973 | 984.80 | 111.15 | 17.96 |
| October 26, 1973 | 987.06 | 111.38 | 17.80 |
| October 25, 1973 | 974.49 | 110.50 | 15.58 |
| October 24, 1973 | 971.85 | 110.27 | 15.84 |
| October 23, 1973 | 966.51 | 109.75 | 17.23 |