News stories from Tuesday March 13, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- CIA agent John Downey is back in the U.S. following his release from China after serving 20 years in prison on charges of being a spy. Downey stated that he told the Chinese all he knew while in prison. [CBS]
- The Viet Cong will release 32 American POWs on Friday. Among them is Maj. Floyd Thompson, who has been a prisoner since 1964; Philip Manhard, a senior South Vietnam adviser; and Pvt. Ronald Ridgeway, who was previously believed to have been killed. [CBS]
- An International Control Commission representative from Hungary asked for and received political asylum in Australia. Two North Vietnamese prisoners about to be returned to North Vietnam bolted from their ranks and sought sanctuary in South Vietnam. One made it, the other was caught by his fellow POWs. [CBS]
- Despite the cease-fire, North Vietnam is still moving men and supplies down the Ho Chi Minh trail in Laos. Some at the Pentagon believe that North Vietnam is preparing for an offensive when all American troops are out of Vietnam. [CBS]
- Senate Democratic leader Mike Mansfield suggested that L. Patrick Gray's confirmation as FBI director be held up until the Senate investigation of the Watergate case is complete. The Senate Judiciary Committee voted unanimously today to invite White House attorney John Dean to testify. Dean conducted the White House's Watergate investigation and received 82 FBI reports on the case from Gray. [CBS]
- Common Cause has obtained a subpoena for John Dean and six others to testify about President Nixon's re-election campaign financing, a matter interwoven with the Watergate case. The Nixon campaign committee has recently refunded three large contributions, including $250,000 to Robert Vesco, $100,000 to Robert Allen (much of which had been in the bank account of Bernard Barker, who was convicted in the Watergate trial) and $305,000 to Walter Duncan. Ruth Farkas represents the latest embarrassment to the campaign. Farkas gave $200,000 after the election and before being appointed ambassador to Luxembourg. Money given after April 7 should have been disclosed under the new campaign finance law; Farkas' contribution was reported, the rest weren't.
Common Cause claims that even contributions given before April 7 have to be disclosed under the old Corrupt Practices Act. Money given to the Nixon campaign between March 10 and April 7 has not been not reported. Common Cause attorney Mitchell Rogovin stated that much money was received during this period and the campaign committee has refused to reveal where it originated. Former campaign finance chief Maurice Stans instructed that committee files be thrown away.
[CBS] - The White House asked Congress to change licensing procedures for radio and television stations. The move is part of a plan outlined by Clay Whitehead, the President's director of telecommunications policy, to make local stations responsible for network program content. [CBS]
- A tentative settlement was reached between railroads and unions over a new contract which would provide a 10% increase in wages and benefits for workers. [CBS]
- A new auto train which takes cars and people from Washington, DC to Florida was hit by a truck in Hortense, Georgia. One person was killed and 26 were injured. All 108 cars aboard the train are believed to have been destroyed. [CBS]
- Indians and the Interior Department agreed to resume negotiations on neutral ground; Indians suggested using the United Nations for the talks. Security has been tightened around Wounded Knee, South Dakota. [CBS]
- A lawsuit filed in Washington, DC charges that state mental institutions use 100,000 patients as workers for little or no pay. [CBS]
- The FDA ordered orange juice makers to label products to show how much orange juice they really contain. [CBS]
- Authorities continue to search for the murderer of Governor Richard Sharples in Bermuda. Bermuda police commissioner Leroy Clarke is asking that all handguns be turned in to police. Opposition party leader Walter Robinson complained that blacks are being discriminated against in Bermuda. The murders of the white governor and his aide may have been racially motivated, but so far very little is known by Scotland Yard. [CBS]
- The U.S. and other major nations reached a broad agreement on a plan to deal with the monetary crisis. [CBS]
- At the trial of William Prater, who is a suspect in the 1969 murders of United Mine Workers insurgent Joseph Yablonski and his family, Paul Gilly (already convicted as a middleman in the murders) testified today that Prater told him that UMW president Tony Boyle was behind the slayings. [CBS]
- The government reported about a crackdown on drug smuggling along the Mexican border. Authorities claim to have seized $19 million worth of drugs, mostly marijuana. Bureau of Narcotics and Dangerous Drugs spokesman John Ingersoll says that heroin smuggling was also involved. [CBS]
- French authorities say that a dangerous new form of heroin has taken over the Paris drug market. The drug, called "Dynamite", can turn a user into an addict in 10 days. [CBS]
- A federal appeals court reversed the conviction of former Texas Rep. John Dowdy for bribery and conspiracy, but let stand his conviction for lying. [CBS]
- Three persons have been charged with the robbery and shooting of Senator John Stennis outside his home in Washington, DC last January: 21-year-old John Marshall, his 18-year-old brother Tyrone and 18-year-old Derek Holloway are charged. Magistrate Jean Dwyer set bail at $50,000 for Tyrone Marshall. The government is charging the defendants with armed robbery and violation of the Assassination Act. Senator Stennis is expected to recover fully from the shooting. [CBS]
- Republican leaders say that President Nixon's move to restore the death penalty will be carefully written to conform with Supreme Court rulings. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 976.07 (+6.32, +0.65%)
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* |
| March 12, 1973 | 969.75 | 113.86 | 12.81 |
| March 9, 1973 | 972.23 | 113.79 | 14.07 |
| March 8, 1973 | 976.44 | 114.23 | 15.10 |
| March 7, 1973 | 979.98 | 114.45 | 19.31 |
| March 6, 1973 | 979.00 | 114.10 | 17.71 |
| March 5, 1973 | 966.89 | 112.68 | 13.72 |
| March 2, 1973 | 961.32 | 112.28 | 17.71 |
| March 1, 1973 | 949.65 | 111.05 | 18.21 |
| February 28, 1973 | 955.07 | 111.68 | 17.95 |
| February 27, 1973 | 947.92 | 110.90 | 16.13 |