News stories from Thursday June 12, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Well-placed government sources said that the Central Intelligence Agency gave "material support" to a group of Dominicans who assassinated the country's dictator, Gen. Rafael Trujillo Molina, on May 31, 1961. This was one of the "successful assassination attempts," mentioned by Representative James Stanton, Ohio Democrat, who is chairman of a House subcommittee investigating the C.I.A., sources familiar with the House inquiry said. [New York Times]
- The House rejected a proposal that would have put a stiff tax directly on automobiles with low gasoline mileage rates, and then adopted a much less stringent plan that would penalize automobile manufacturers and importers if their entire fleet of cars do not meet certain mileage standards by 1978. It was the third consecutive day in which the House, in a major effort to pass energy conservation legislation, took positions that would minimize fuel conservation. [New York Times]
- The Federal Trade Commission charged that the three biggest car-rental companies, the Hertz Corporation, Avis Rent a Car System, Inc., and National Car Rental System, Inc., had conspired to monopolize the car-rental business at airports and keep the prices artificially high. [New York Times]
- Representative Lucien Nedzi resigned from the chairmanship of the House Select Committee on Intelligence Activities, protesting that fellow Democrats on the committee had stripped him of all but "a gavel and a title." His abrupt withdrawal caused another delay in the stalled investigation of the Central Intelligence Agency. [New York Times]
- Prime Minister Indira Gandhi of India vowed to continue in office despite a high court ruling that she had won her seat in Parliament illegally in 1971 and must give it up. With the opposition demanding that she resign, she announced through an aide that she was appealing the verdict to the Supreme Court and that there was "no question of resignation." [New York Times]
- President Ford and Premier Yitzhak Rabin of Israel ended their talks in Washington in agreement on the advantages of seeking another limited accord between Israel and Egypt on Sinai. But it was uncertain whether Egypt or Israel would make the crucial concessions needed to achieve such an agreement after their earlier efforts broke down in March. [New York Times]
- The long march from the cities into the heart of Cambodia has ended for millions of Cambodians, but, according to reports in Bangkok, they face a series of problems ranging from cholera to a shortage of farm tools needed for the critical cultivation of rice. At least a dozen participants in the march escaped and made their way to Thailand. Most are now on their way to the United States. Before they left, they described life in Cambodia under Communist rule in interviews with Western and Thai intelligence officers. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 819.31 (-5.24, -0.64%)
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 11, 1975 | 824.55 | 90.55 | 18.23 |
| June 10, 1975 | 822.12 | 90.44 | 21.13 |
| June 9, 1975 | 830.10 | 91.21 | 20.67 |
| June 6, 1975 | 839.64 | 92.48 | 22.23 |
| June 5, 1975 | 842.15 | 92.69 | 21.61 |
| June 4, 1975 | 839.96 | 92.60 | 24.90 |
| June 3, 1975 | 846.14 | 92.89 | 26.56 |
| 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 |