Wednesday September 24, 1975
. . . where the 1970s live forever!

News stories from Wednesday September 24, 1975


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

  • The White House disclosed that the Secret Service, acting on intuition, had cautioned President Ford against mingling with the crowd from which a woman fired at him In San Francisco on Monday. Agents were said to have sensed that the crowd was not entirely friendly. The White House press secretary hinted broadly that Mr. Ford had already begun reducing his close contacts with large crowds. [New York Times]
  • Governor Byrne of New Jersey said he could support legislation authorizing withdrawal of life-sustaining medical procedures for terminally ill patients "under certain conditions." He said he expected the legislature to start work soon on a bill to give the state its first statutory definition of death, as a result of the Karen Ann Quinlan case. The 21-year-old woman has been in a coma for five months and her adoptive parents are seeking court authorization to turn off the respirator that sustains her medically hopeless case. Mr. Byrne was not ready to specify his views. [New York Times]
  • The Senate Intelligence Committee disclosed that for 20 years ending in 1973, the Central Intelligence Agency opened foreign letters to and from prominent American political figures. including Richard Nixon and Senators Hubert Humphrey, Edward Kennedy and Frank Church, the committee chairman. He announced later that it had unanimously agreed to ask Mr. Nixon for his testimony on a number of related matters, including whether he learned while in office of the mail-intercept program. [New York Times]
  • Diane Nyad swam most or the way around Manhattan, giving up after 6 hours 25 minutes because she was "cold, frozen and tired." The 25-year-old graduate student started north in the East River, and rounded the Battery before asking to be taken from the water. [New York Times]
  • Four official sources in Washington said that millions of dollars were being poured covertly into Portugal and Angola by East and West in the continuing struggle for control of the Mediterranean and for influence and raw materials in Central Africa. United States funds go to the Socialist and other Portuguese parties from the Central Intelligence Agency through West European Socialist parties and labor unions, the sources said, at the rate of several million dollars monthly. The Soviet Union and its East European allies are reliably reported to have poured from $50 million to $100 million into Portugal since April, 1974, and hundreds of tons of military equipment into Angola since March. [New York Times]
  • Foreign Minister Yigal Allon of Israel and the Soviet Foreign Minister, Andrei Gromyko, met for three hours at the Soviet Mission to the United Nations. It was the highest-level Soviet-Israeli contact in nearly two years, and had symbolic importance. Israeli officials said the meeting had been arranged at the initiative of the Israelis and that Secretary of State Kissinger had been informed ahead of time. [New York Times]


Stock Market Report

Dow Jones Industrial Average: 826.19 (+6.34, +0.77%)
S&P Composite: 85.74 (+0.80, +0.94%)
Arms Index: 0.61

IssuesVolume*
Advances1,00511.64
Declines3722.62
Unchanged4081.80
Total Volume16.06
* 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*
September 23, 1975819.8584.9412.80
September 22, 1975820.4085.0714.75
September 19, 1975829.7985.8820.83
September 18, 1975814.6184.0614.30
September 17, 1975799.0582.3712.19
September 16, 1975795.1382.0913.09
September 15, 1975803.1982.888.67
September 12, 1975809.2983.3012.23
September 11, 1975812.6683.4511.10
September 10, 1975817.6683.7914.78




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