Thursday February 24, 1972
. . . where the 1970s live forever!

News stories from Thursday February 24, 1972


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

  • The Senate voted on an anti-busing amendment; the Mansfield-Scott compromise measure passed by a narrow margin. Parliamentary procedure was used to block a vote on the tougher anti-busing bill of Senator Robert Griffin. Hard-line busing opponents and pro-busing liberals both oppose the compromise. Senator Abraham Ribicoff predicted lawsuits in the wake of the vaguely-worded bill. Liberals hope to defuse the busing issue, but not kill school integration. [CBS]
  • President Nixon and Premier Chou En-lai met for three hours and went sightseeing at the Great Wall and the Ming tombs. [CBS]
  • Communists walked out of the Paris Peace Talks and denounced the U.S. bombing of North Vietnam. The future of the talks is uncertain while President Nixon is in China. [CBS]
  • Reverend Daniel Berrigan was released on parole after serving half of his three-year sentence for destroying draft records in Catonsville, Maryland. Berrigan claims that the war is still the biggest issue in America, and said that President Nixon goes to China in a "trail of blood" from the Vietnam war. [CBS]
  • The Supreme Court overturned Jacksonville's (Fla.) vagrancy law. The court also ruled that witnesses who are promised immunity to testify, must do so. [CBS]
  • The Senate Judiciary Committee approved Richard Kleindienst's nomination as Attorney General. Confirmation by the full Senate is expected. [CBS]
  • The garment industry is seeking to ease the Commerce Department's flame-proof requirement for sleepwear. Mrs. Mary Jean Brehm brought a burned, disfigured child to today's congressional hearing, and she urged that stricter regulations be passed. [CBS]
  • Helicopters rescued the occupants of a burning skyscraper in Sao Paulo, Brazil. Ten people died in the blaze. [CBS]
  • Georgia Governor Jimmy Carter praised George Wallace and criticized Hubert Humphrey; Georgia Lt. Governor Lester Maddox also endorsed Wallace. Governor Carter cited Humphrey's recognition of Wallace for bringing major issues to the attention of the Democratic party; Humphrey accused Carter of misquoting him. [CBS]


Stock Market Report

Dow Jones Industrial Average: 912.70 (+0.82, +0.09%)
S&P Composite: 105.45 (+0.07, +0.07%)
Arms Index: 0.83

IssuesVolume*
Advances7367.72
Declines6775.88
Unchanged3292.40
Total Volume16.00
* 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
DateDJIAS&PVolume*
February 23, 1972911.88105.3816.77
February 22, 1972913.46102.2916.67
February 18, 1972917.52105.2816.59
February 17, 1972922.03105.5922.33
February 16, 1972922.94105.6220.67
February 15, 1972914.51105.0317.77
February 14, 1972910.49104.5915.84
February 11, 1972917.59105.0817.85
February 10, 1972921.28105.5923.46
February 9, 1972918.72105.5519.85


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