News stories from Tuesday June 3, 1975

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

The Ford administration's regulations aimed at equalizing opportunities for women in the nation's schools and colleges have been released by the Department of Health, Education and Welfare. Scheduled to take effect on July 21, the regulations require institutions to end discriminatory practices against women in school admissions, employment, financial aid, vocational and academic counseling and athletics. [New York Times] Laws concerning rape -- the major crime least reported to the police -- are undergoing fundamental revision throughout the country. The changes are aimed at encouraging more women to seek police help in arresting their attackers and to give prosecutors a better chance to get the attackers convicted. In 25 states checked, 15 in the last year have changed the rules of evidence in rape cases to limit the introduction in trials of material about the victim's personal sex life, except in limited instances. [New York Times] Edson Arantes do Nascimento, who is better known in the sports world as Pele, the king of soccer, has agreed to sign a contract with the New York Cosmos. The team is reported to have offered $7 million for three years, making Pele the highest-paid team athlete in the world. Pele, who is expected to sign his contract within the next few days, will play in about 85 games for the $7 million, of which an estimated $2 million will go to taxes. [New York Times] A Justice Department agency has attacked a Federal Bureau of Investigation plan for expanded computerized communications and record keeping on the ground that it might lead to federal control of the police. The criticism is in a 19-page report of the Law Enforcement Assistance Administration and echoes similar complaints from White House and congressional sources. Despite the wide opposition, the F.B.I. reportedly still seeks approval of the plan. [New York Times] Recent gestures by Egypt, Syria and Israel have sharply reduced the outlook for new warfare in the Middle East in the view of Israeli analysts and Western diplomats in Israel. The decision by Egypt to reopen the Suez Canal, Syria's extension of the United Nations' peace-keeping mandate on the Golan Heights for six months and Israel's announcement of a thinning of forces east of the Suez front are all factors in the reduction of tension along the cease-fire lines. [New York Times] The Senate has completed a two-day debate on United States military and foreign policy with sharply differing views on whether the nation's strategic force needs can safely be scaled back. The debate was a prelude to Senate action on amendment and enactment of a $25 billion defense procurement authorization bill. Senator Barry Goldwater, who urged no reduction in our strategic forces, said he believed Asia would be more important to the United States over the next 20 years than Europe. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 846.14 (-0.47, -0.06%)
S&P Composite: 92.89 (+0.31, +0.33%)
Arms Index: 0.75

	Issues	Volume*
Advances	880	15.14
Declines	548	7.10
Unchanged	415	4.32
Total Volume		26.56

* 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*
June 2, 1975	846.61	92.58	28.24
May 30, 1975	832.29	91.15	22.67
May 29, 1975	815.00	89.68	18.57
May 28, 1975	817.04	89.71	21.85
May 27, 1975	826.11	90.34	17.05
May 23, 1975	831.90	90.58	17.87
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