News stories from Thursday June 19, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Ford asked Congress to enact laws that would impose mandatory minimum sentences for certain violent or dangerous federal crimes and for certain multiple offenders, with a shift of emphasis from protecting the rights of criminals to insuring those of their victims. He presented Congress with a long list of criminal justice reforms that he said were urgently needed. Mr. Ford also said that, while he remained "unalterably opposed to federal registration of firearms, Congress should ban the domestic manufacture, assembly or sale -- but not the possession -- of handguns known as "Saturday night specials." [New York Times]
- Completing nine days of debate, the House pass a scaled-down energy tax bill -- a bill that was once intended to be a major part of the congressional alternative to President Ford's energy conservation program. Supporters and opponents of the bill agreed on one basic point: The bill is not likely to become law in the form in which it was passed by the House. [New York Times]
- The Food and Drug Administration will propose new regulations to insure that different brand names of the same drug will all be equal in biological activity. There have been some cases in which important drugs have differed from brand to brand with potentially- serious hazards for patients. The proposed regulations could also have important economic consequences in favor of consumers. [New York Times]
- A Socialist-oriented newspaper and a Roman Catholic radio station in Lisbon remained under control of Communist-led workers as the ruling military council debated how much leeway to give workers in national affairs. After marathon sessions that began last Friday, the High Council of the Revolution, a military group led by President Francisco da Costa Gomes, was reportedly preparing to announce a decision today. [New York Times]
- An inquest jury of six men and three women in London took only 30 minutes to write another chapter to what has been Britain's most intriguing criminal case in years. It named the seventh Earl of Lucan as the murderer of his children's governess. Lord Lucan vanished on the night of last Nov. 7, when the governess was killed. He is entitled to a jury trial, if he returns. [New York Times]
- Secretary General Waldheim of the United Nations opened the first major world conference on the status of women, in Mexico City, with the declaration that the equality of rights between men and women has become "a matter of vital necessity." He said that women's rights had too long been regarded as a "luxury" and called for a concerted world effort on behalf of women similar to one waged against racial discrimination. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 845.35 (+17.52, +2.12%)
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 18, 1975 | 827.83 | 90.39 | 15.59 |
| June 17, 1975 | 828.61 | 90.58 | 19.44 |
| 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 |