News stories from Monday November 4, 1974
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Predictions of an unusually low turnout -- of possibly fewer than two in every five registered voters -- added a final measure of uncertainty in national elections tomorrow. In a campaign year when so much has gone wrong for Republicans, experts in both major parties estimated a light vote of the sort Republicans often pray for would prove still another Watergate bonus for the Democrats. At stake are 35 governorships, 34 Senate seats and all 435 seats in the House. [New York Times]
- The chief prosecutor in the Watergate cover-up trial disclosed that a government witness had withheld until last weekend a "bombshell document" affecting all five defendants. The document is a memorandum written in November, 1972, by E. Howard Hunt, one of the original Watergate break-in defendants. [New York Times]
- In one of the largest demonstrations in the New York City's history, more than 100,000 people filled the streets around the United Nations to protest the General Assembly's invitation to the Palestinian Liberation Organization to take part in the General Assembly's Middle East debate. They heard politicians, Israeli leaders and representatives of labor and religious organizations address the rally, which was sponsored by the Conference of Presidents of Major American Jewish Organizations, a coalition of 32 groups. [New York Times]
- On the eve of tomorrow's voting in New Jersey, the chairman of the anti-casino gambling forces called on Governor Byrne to repudiate pro-casino radio commercials that seek to portray casino gambling as a panacea for the state's fiscal crisis, The Governor refused. He said, through a spokesman, that while the commercials "disturbed" him because they were "misleading" he was also "disturbed by misleading statements" by both sides. [New York Times]
- King Hussein said in an interview in Amman that Jordan intends to redraft her Constitution, and reorganize her cabinet and Parliament to remove Palestinian representatives living in the Israeli-occupied West Bank. He said he would offer the 800,000 Palestinians living east of the Jordan River a choice between Jordanian and Palestinian citizenship in the near future. These steps were described by King Hussein as the minimum necessary to give meaning to the decision of the Rabat summit conference that named the Palestine Liberation Organization as the sole representative of the Palestinian people. [New York Times]
- Representatives of more than 100 nations gathered in Rome where they will start planning tomorrow the most ambitious attack ever made against the worldwide problem of hunger and the growing threat of famine. They are members of the United Nations-sponsored World Food Conference. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 657.23 (-7.98, -1.20%)
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 1, 1974 | 665.21 | 73.88 | 13.47 |
| October 31, 1974 | 665.52 | 73.90 | 18.84 |
| October 30, 1974 | 673.03 | 74.31 | 20.13 |
| October 29, 1974 | 659.34 | 72.83 | 15.61 |
| October 28, 1974 | 633.84 | 70.09 | 10.54 |
| October 25, 1974 | 636.19 | 70.12 | 12.65 |
| October 24, 1974 | 636.26 | 70.22 | 14.91 |
| October 23, 1974 | 645.03 | 71.03 | 14.20 |
| October 22, 1974 | 662.86 | 73.13 | 18.93 |
| October 21, 1974 | 669.82 | 73.50 | 14.50 |