News stories from Friday May 23, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- In a letter to Representative Peter Rodino, chairman of the House Judiciary Committee, Attorney General Edward Levi said that between 1960 and 1971, the Federal Bureau of Investigation conducted five previously undisclosed counterintelligence programs against domestic political organizations, including one intended to turn organized crime against the American Communist party. [New York Times]
- President Ford said today that he will ask the leaders of the North Atlantic Treaty Organization to consider whether Portugal's leftist government should remain a partner. "I don't see how you can have a Communist element significant in an organization that was put together for the purpose of meeting a challenge by Communist elements from the East," he told five foreign news correspondents who interviewed him at the White House. He stopped short, however, of suggesting the removal of Portugal from NATO. [New York Times]
- Portugal's military rulers met separately with leaders of the Socialist and Communist parties in what may be a last effort to maintain civilian political participation in the government. The Armed Forces Council was reportedly still inclined to keep intact the four-party coalition that shares government posts with the Council's own men, but there was no indication that it was willing to make concessions called for by the Socialist party, which had threatened to resign if they were not forthcoming. There were indications that the key council leaders were leaning more and more to setting up an all-military cabinet without the four parties that hold ministerial posts. [New York Times]
- The Soviet and Israeli Ambassadors to the United States have held several unpublicized meetings in Washington in recent months to discuss relations between their countries, which were broken off in 1967. There have been rumors for some time of meetings between the Soviet Ambassador, Anatoly Dobrynin, and the Israeli Ambassador, Simcha Dinitz. The meetings were confirmed by well-placed sources only after President Ford said -- apparently inadvertently -- in a televised interview that the Russians "have been meeting officially, diplomatically, with representatives from Israel," surprising some State Department officials. [New York Times]
- President Suleiman Franjieh appointed the first military cabinet in Lebanon's history in an attempt to restore order in the country. The announcement was made minutes after a new cease-fire was declared in the fighting between right-wing Phalangists and Palestinian guerrillas. A cease-fire arranged Thursday night failed. [New York Times]
- The Premier of Laos, Prince Souvanna Phouma, said that in an effort to prevent a new civil war he had ordered right-wing government troops not to resist when Pathet Lao forces moved into their territory. In an interview in Vientiane he discussed a variety of subjects, including his view of a socialist rather than a Communist Laos, and of his desire for continued friendly relations with the United States and, above all, the continuation of its aid. [New York Times]
|
Stock Market Report
Dow Jones Industrial Average: 831.90 (+12.99, +1.59%)
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* |
| May 22, 1975 | 818.91 | 89.39 | 17.61 |
| May 21, 1975 | 818.68 | 89.06 | 17.64 |
| May 20, 1975 | 830.49 | 90.07 | 18.31 |
| May 19, 1975 | 837.69 | 90.53 | 17.87 |
| May 16, 1975 | 837.61 | 90.43 | 16.63 |
| May 15, 1975 | 848.80 | 91.41 | 27.69 |
| May 14, 1975 | 858.73 | 92.27 | 29.05 |
| May 13, 1975 | 850.13 | 91.58 | 24.95 |
| May 12, 1975 | 847.47 | 90.61 | 22.41 |
| May 9, 1975 | 850.13 | 90.53 | 28.44 |