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Tuesday April 22, 1975
. . . where the 1970s live forever!

News stories from Tuesday April 22, 1975

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

  • The Justice Department has announced plans to waive immigration restrictions so that up to 130,000 refugees from Indochina, including ranking officials of the Saigon government, could be admitted to the United States. The plans, developed at the request of Secretary of State Kissinger, were approved unanimously by the Senate Judiciary Committee. [New York Times]
  • The first wave of Vietnamese refugees, the vanguard of expected tens of thousands, have arrived at Travis Air Force Base in California in the last two days and hundreds of others are reported aboard planes flying to California from the Philippines. Among the 472 passengers on three planes reaching the United States Sunday, Monday and today were 190 Vietnamese. [New York Times]
  • Because of a drop in food prices, overall consumer prices rose last month by the smallest amount since the short-lived government price freeze of mid-1973, according to the United States Labor Department. The Consumer Price Index rose in March only three-tenths of 1 percent. This was only half the rise in January and February and far below the 1974 monthly increases. [New York Times]
  • Twelve corporations in the oil and gas business have agreed to settle lawsuits brought by the government, which charged them with violating a 40-year-old law prohibiting the same director from serving on the boards of two competing companies. The suits will be settled by the resignations of the seven men involved in the cases, each of whom is charged with serving on the boards of competing companies. [New York Times]
  • The nomination of the former governor of Connecticut, Thomas Meskill, as a United States Court of Appeals judge for the Second Circuit has been approved by the Senate by a 54-to-36 vote. The vote ended a six-month fight for confirmation in which the American Bar Association strongly opposed the Meskill appointment. [New York Times]
  • North Vietnam and the Viet Cong, in commentaries on the resignation of Nguyen Van Thieu as South Vietnam's President, insisted that "the only way out" for the Ford administration was to stop all involvement in South Vietnam, including military aid. Top United States officials said the Communist reaction, which appeared to dim chances for a cease-fire and talks, was not unexpected. [New York Times]
  • In Honduras a bloodless military coup d'etat has ousted Gen. Oswaldo Lopez Arellano as that country's Chief of State just two weeks after he was linked to a $1.25 million bribe paid by the United States conglomerate United Brands. The Supreme Council of the Honduran Armed Forces has announced that the new Chief of State is Col. Juan Alberto Melgar Castro, who replaced General Lopez as Commander in Chief of the armed forces three weeks ago. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 814.14 (-1.72, -0.21%)
S&P Composite: 87.09 (-0.14, -0.16%)
Arms Index: 1.31

Total Volume26.12
* 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
April 21, 1975815.8687.2323.96
April 18, 1975808.4386.3022.61
April 17, 1975819.4687.2532.65
April 16, 1975815.7186.6022.97
April 15, 1975815.0886.3029.62
April 14, 1975806.9585.6026.80
April 11, 1975789.5084.1820.16
April 10, 1975781.2983.7724.99
April 9, 1975767.9982.8418.12
April 8, 1975749.2280.9914.32

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