News stories from Wednesday October 1, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Larry MacPhail, a major innovator and impresario of baseball, died in Miami at the age of 85. He brought night games to the major leagues 40 years ago, pioneered in publicity stunts to promote baseball during the Depression and helped revive the Yankees after World War II. [New York Times]
- President Ford strongly suggested that he might recommend extending individual income tax cuts next year if Congress would agree to hold federal spending within a specific limit. He said this formula was but one possibility under study. His remarks came in a taped interview while traveling from Chicago to Omaha. [New York Times]
- A federal prosecutor in San Francisco said that Patricia Hearst, the kidnapping victim who allegedly turned radical, is under investigation for a charge of murder. Asked if such a charge is possible, he said if there was evidence, yes, if not, no. This appeared to validate reports that Federal Bureau of Investigation agents have found evidence somehow linking Miss Hearst to the bank robbery in a suburb of Sacramento in which a woman customer was killed with a single shotgun blast. [New York Times]
- Gunmen shot and killed three policemen in various parts of Madrid in apparent revenge for Saturday's execution of five terrorists, a few hours before a rally in which well over 100,000 persons cheered Generalissimo Francisco Franco and protested the international outcry over the executions. The government said the crowd numbered a million. From the balcony of the royal palace, the chief of state attributed the protests to a "leftist Masonic conspiracy" within the leadership class in conjunction with "Communist terrorist subversions." [New York Times]
- A judge of Britain's High Court, in a decision that could alter the relationships between the press and government, rejected a government plea to stop publication of a volume of diaries by a former cabinet minister, the late Richard Crossman. The outcome limits the government restriction of the press and opens the way for more detailed coverage of cabinet meetings and government affairs. The Sunday Times of London had been barred from further printing of extracts after several installments had appeared. The government said an appeal would be considered. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 784.16 (-9.72, -1.22%)
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* |
| September 30, 1975 | 793.88 | 83.87 | 12.52 |
| September 29, 1975 | 805.23 | 85.03 | 10.58 |
| September 26, 1975 | 818.60 | 86.19 | 12.57 |
| September 25, 1975 | 820.24 | 85.64 | 12.89 |
| September 24, 1975 | 826.19 | 85.74 | 16.06 |
| September 23, 1975 | 819.85 | 84.94 | 12.80 |
| September 22, 1975 | 820.40 | 85.07 | 14.75 |
| September 19, 1975 | 829.79 | 85.88 | 20.83 |
| September 18, 1975 | 814.61 | 84.06 | 14.30 |
| September 17, 1975 | 799.05 | 82.37 | 12.19 |