News stories from Tuesday June 17, 1975

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

The White House press secretary, Ron Nessen, says that President Ford feels that it does not serve the national interest to have "unclear bits and pieces of incomplete information" on assassination plots made public. The comment appeared to be in response to the growing number of news articles recently on the Central Intelligence Agency's possible involvement in plots to assassinate leaders of foreign nations. [New York Times] President Ford has pledged that he would curb federal regulation of business and oppose those who would, in his view, turn the government into "an instrument of philanthropic collectivism." The President, in an address to the National Federation of Independent Business, said that well-intended regulation to protect consumers and the environment "often does more harm than good." [New York Times] Housing starts in May showed the first significant monthly upturn since the current steep slide began in early 1974, the Commerce Department reported. Although the housing picture has improved from its recent depressed state, it is still far from robust. [New York Times] The people of the northern Mariana Islands have voted to become American citizens and turn the string of Pacific islands into a commonwealth of the United States. With 87 percent of the 3,800 eligible voters turning out, the "yes" vote was 78 percent of the total. The Marianas will be the first territorial acquisition by the United States since 1925. [New York Times] Meeting in Atlantic City, the American Medical Association has affirmed the right of doctors to withhold all but emergency medical services as a means of protesting conditions that adversely affect the physicians' and surgeons' services to their patients. [New York Times] Six nuclear-equipment exporting countries are meeting in a secret conference in London to discuss possible means of controlling sales and developing safeguard standards to prevent the spread of atomic weapons. The session, the second in the last seven weeks, is being attended by the United States, Britain, the Soviet Union, West Germany, France and Canada, with Japan and Italy "technically" represented as countries on the threshold of exporting nuclear equipment. [New York Times] The Soviet Union reportedly has quietly shelved its campaign to convene a new Geneva peace conference on the Middle East. Soviet sources say the move appears to be an indefinite postponement, the duration of which depends on the success of new American initiatives in that region. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 828.61 (-5.95, -0.71%)
S&P Composite: 90.58 (-0.88, -0.96%)
Arms Index: 1.40

	Issues	Volume*
Advances	551	5.30
Declines	873	11.74
Unchanged	402	2.40
Total Volume		19.44

* 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 16, 1975	834.56	91.46	16.66
June 13, 1975	824.47	90.52	16.30
June 12, 1975	819.31	90.08	15.97
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