News stories from Wednesday July 30, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Ford and Leonid Brezhnev, the Soviet leader, emerged from their first meeting at the European security conference in Helsinki to call their discussion constructive. They reached no specific agreements on nuclear arms limitation. Mr. Ford also held private meetings with Prime Minister Harold Wilson of Great Britain and Premier Constantine Caramanlis of Greece. [New York Times]
- The Helsinki Conference on European Security and Cooperation opened with formal speeches in which Communist leaders stressed the importance of the declaration to be signed tomorrow establishing detente and requiring its further evolution. Western and neutral leaders stressed that the document's value will depend entirely on how it is applied. Western speakers stressed that it was not a treaty binding in law. The real tensions and problems among the 35 countries represented were being discussed in a hectic round of private meetings. [New York Times]
- The House of Representatives killed President Ford's plan for a gradual rise in oil prices over 39 months with a 228-189 vote that bars him from putting it into effect. It was a major political defeat for Mr. Ford. He has said that if Congress blocked his plan he would veto an extension of authority to control oil prices, which expires at midnight Aug. 31. [New York Times]
- The Senate acknowledged its inability to settle the disputed New Hampshire senatorial election last November and sent the matter back to the state for a new election. It voted 71 to 21 to declare the seat vacant as of Aug. 8. Under state law, this opens the way for a new election in mid-September between the Republican and Democratic candidates, Louis Wyman and John Durkin. Mr. Durkin had broken the Senate deadlock by asking for the election. [New York Times]
- Robert Maheu, a former Federal Bureau of Investigation agent who later became an aide to the industrialist Howard Hughes, told reporters that he had recruited a Mafia figure for the Central Intelligence Agency in a plot to poison Premier Fidel Castro of Cuba. Mr. Maheu said that the order from his C.I.A. superiors to make the attempt never came through. After testifying for more than four hours to a closed session of the Senate Select Committee on Intelligence, he told his story at a news conference. He said that he had been asked to "contact" John Roselli, a Mafia figure, for help in removing or eliminating Mr. Castro, and later met a man in Miami who he learned was Sam Giancana. He said that both had been sought out because they still had contacts in Cuba from their prerevolutionary gambling interests who might be able to poison the Cuban leader's food. Mr. Maheu said that he knew of no agreement to protect Mr. Roselli and Mr. Giancana from prosecution. [New York Times]
- Gen. Otelo Saraiva de Carvalho, Portugal's security chief and a member of the three-man junta, said the Armed Forces Movement was prepared to undertake harsh repressive measures against its opponents. Commenting on anti-Communist violence occurring throughout Portugal, he told reporters that it was becoming impossible to have a socialist revolution by completely peaceful means. The High Council of the Revolution was reported to be evenly divided on the assumption of full powers by the junta. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 831.66 (+6.80, +0.82%)
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* |
| July 29, 1975 | 824.86 | 88.19 | 19.00 |
| July 28, 1975 | 827.83 | 88.69 | 14.85 |
| July 25, 1975 | 834.09 | 89.29 | 15.11 |
| July 24, 1975 | 840.27 | 90.07 | 20.55 |
| July 23, 1975 | 836.69 | 90.18 | 20.15 |
| July 22, 1975 | 846.76 | 91.45 | 20.06 |
| July 21, 1975 | 854.74 | 92.44 | 16.69 |
| July 18, 1975 | 862.41 | 93.20 | 16.87 |
| July 17, 1975 | 864.28 | 93.63 | 21.42 |
| July 16, 1975 | 872.11 | 94.61 | 25.25 |