News stories from Monday September 9, 1974
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Ford postponed his announcement of a plan to deal with Vietnam deserters and draft evaders. He had been expected to announce his proposal tomorrow. The White House deputy press secretary told newsmen that "the events of the past week, especially of the last 72 hours," have not allowed the President to consider the questions of the amnesty program. [New York Times]
- Former President Nixon successfully beat back White House efforts to have him make a full and revealing statement of his role in the Watergate affair in conjunction with his pardon, a reliable source said. The source said that Mr. Nixon was asked by President Ford's lawyers to make what the former President regarded as "a public confession of criminal guilt." He angrily refused, and subsequent negotiations between the two sides caused a delay in reaching an agreement on the eventual pardon. [New York Times]
- Several persons who have recently visited Mr. Nixon in San Clemente cast doubt on reports that he is in poor health, one of the reasons given by President Ford In granting him an unconditional pardon. A former counselor to Mr. Nixon said that two of his close friends, Charles "Bebe" Rebozo and Robert Abplanalp, had started the talk that became common around San Clemente that the former President was on the verge of collapse. "Those two guys were really lobbying, in effect," he said. [New York Times]
- Reaction in Congress to the pardon for Mr. Nixon generally followed lines that reflected past positions on his impeachment. Some Democrats sought to reopen formal impeachment proceedings against the former President. However, Representative Peter Rodino, chairman of the House Judiciary Committee, declared that "impeachment is dead." [New York Times]
- A hostile, booing crowd of parents drove Senator Edward Kennedy from the speaker's stand as he sought to calm an anti-school-busing rally in Boston. Shouting insults and throwing several tomatoes and eggs, part of the crowd chased the Senator into a nearby federal office building and broke a large window. [New York Times]
- Publishing sources say that former New York City Mayor John Lindsay has written a 300-page manuscript of a political novel whose principal character is a handsome young congressman struggling to save civil liberties. "It's an impressive job, considering Lindsay's a non-writer, but it's full of politicians making speeches," a source said. [New York Times]
- As jubilant white settlers -- many of whom were heavily armed -- and a coalition of black politicians strengthened their grip on Lourenco Marques, the capital of Mozambique, they formally urged Portuguese officials to modify an agreement made Saturday to give control of the African territory to the black insurgent movement. [New York Times]
- The State Department made clear that it supported the testimony of senior officials who previously had asserted at congressional hearings that the United States had not intervened in the internal affairs of Chile after the election of the late President Salvador Allende. It was believed that the dispute over the testimony's validity could lead to further hearings. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 662.94 (-14.94, -2.20%)
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* |
| September 6, 1974 | 677.88 | 71.42 | 15.13 |
| September 5, 1974 | 670.76 | 70.87 | 14.21 |
| September 4, 1974 | 648.00 | 68.72 | 16.93 |
| September 3, 1974 | 663.33 | 70.52 | 12.75 |
| August 30, 1974 | 678.58 | 72.15 | 16.23 |
| August 29, 1974 | 656.84 | 69.99 | 13.69 |
| August 28, 1974 | 666.61 | 70.76 | 16.67 |
| August 27, 1974 | 671.54 | 70.94 | 12.97 |
| August 26, 1974 | 688.13 | 72.16 | 14.63 |
| August 23, 1974 | 686.80 | 71.55 | 13.59 |