News stories from Tuesday September 17, 1974

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

The government ordered the release of nearly 100 draft evaders from prison on 30-day furloughs under President Ford's conditional amnesty program, pending review of their cases by the new Presidential Clemency Board. But convicted military deserters remained in confinement. Officials said that few draft evaders and deserters who have not been convicted have thus far responded to the offer of conditional amnesty. [New York Times] The announcement of Gen. Alexander Haig's appointment as NATO commander in Europe virtually completes the removal of top Nixon aides from the White House. President Ford did not engage in wholesale dismissals of his predecessor's men but he is expected to turn his attention now to a house cleaning in the cabinet. [New York Times] Julie Nixon Eisenhower, the former President's younger daughter, said her father may soon enter a hospital for treatment of the flare-up of his chronic phlebitis. She told a news conference in New York: "I'm sure we can control it and that he will be all right," but added that her father, like "anybody else," didn't like to be confined in a hospital. [New York Times] President Ford's conference on inflation in health care costs, starting Thursday, will weigh basic changes in the way medicine is practiced, some of which have been urged by reformers for years. The proposals, now deemed feasible because of soaring health care costs, are certain to draw strong opposition from doctors, hospitals and drug companies. [New York Times] Foreign Minister Abdelaziz Bouteflika of Algeria won unanimous election as president of the 29th General Assembly of the United Nations and, in a militant acceptance speech at the opening session, called for self-determination of the Palestinian people. Without mentioning Israel by name, he said optimism about the Middle East was not warranted as long as "the conquered territories have not been returned." [New York Times] More than 20 Senators are preparing to seek approval of a resolution urging President Ford to suspend military aid to Turkey because of allegedly illegal use of American-supplied arms in Cyprus. According to State Department officials, Secretary Kissinger is advising the President to continue the shipments on policy grounds. [New York Times] The Senate Foreign Relations Committee authorized its staff to study evidence on allegedly misleading official testimony about the Central Intelligence Agency's involvement in Chile. The action came amid congressional criticism of President Ford's defense of such clandestine operations that exceed intelligence gathering. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 648.78 (+9.00, +1.41%)
S&P Composite: 67.38 (+1.12, +1.69%)
Arms Index: 0.95

	Issues	Volume*
Advances	1,170	9.73
Declines	305	2.40
Unchanged	308	1.60
Total Volume		13.73

* 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
Date	DJIA	S&P	Volume*
September 16, 1974	639.78	66.26	18.37
September 13, 1974	627.19	65.20	16.07
September 12, 1974	641.74	66.71	16.92
September 11, 1974	654.72	68.55	11.82
September 10, 1974	658.17	69.24	11.98
September 9, 1974	662.94	69.72	11.16
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