News stories from Thursday June 26, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Congress approved legislation extending from June 30 to the end of the year the program that guarantees jobless persons up to 65 weeks of unemployment compensation. Without the extension, guaranteed compensation would revert to 52 weeks. The Senate and the House also sought to rush through before their July 4 recess a scaled-down housing bill aimed at overcoming the objections of President Ford, who vetoed a larger bill on Tuesday. [New York Times]
- The Federal Bureau of Investigation said that two of its agents were shot and killed while attempting to serve arrest warrants issued on residents of the Oglala Sioux Reservation at Pine Ridge, South Dakota. An F.B.I. spokesman in Washington said reinforcements were being sent from Minneapolis as gunfights continued into the night. [New York Times]
- The government said that its index predicting the economy's future gained for the third consecutive month in May, providing administration economists with what they called encouraging evidence of an early and strong recovery.
The Commerce Department also reported that a decline of about 21 percent in imported oil provided the United States with a trade surplus in May of $1.05 billion, a near record.
[New York Times] - Dr. F. David Mathews, president of the University of Alabama, was nominated by President Ford to become Secretary of Health, Education and Welfare, a post Dr. Mathews called "hard and often thankless." If confirmed by the Senate, he will succeed Caspar Weinberger. [New York Times]
- Lt. Gov. Mary Anne Krupsak of New York urged women attending the International Women's Year world conference in Mexico City to stop being sidetracked by political issues and "start speaking from your heart." She said the two-week meeting, which is now half over, could still be salvaged despite the bickering and political rhetoric that have bogged it down. Miss Krupsak spoke at a panel discussion at the Tribune, the non-governmental conference that parallels the official gathering. She criticized the United States delegation on the ground that it was not representative of women and that its members were selected by a man, Secretary of State Kissinger. [New York Times]
- The Supreme Court ruled unanimously that patients, even those found "mentally ill" by officials, cannot be confined in institutions against their will and without treatment if they are dangerous to no one and capable of surviving on the outside. But the Court refused to answer two related constitutional questions: Whether the dangerous mentally ill have a right to treatment when involuntarily confined and whether the state can confine the non-dangerous mentally ill against their will in order to give them treatment. Despite its limitations, the ruling appeared likely to force the ultimate release from mental institutions of thousands of inmates. [New York Times]
- The Indian government's principal information officer said today that 676 political opponents of Prime Minister Indira Gandhi had been arrested to combat what was described as a grave internal threat. The arrests, which government officials insisted were necessary to preserve the nation's safety and unity, were unprecedented in the 28-year history of the Indian Republic. A government spokesman said that there had been scattered disorders around the country since the arrests began this morning. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 874.14 (+1.41, +0.16%)
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 25, 1975 | 872.73 | 94.62 | 21.61 |
| June 24, 1975 | 869.06 | 94.19 | 26.62 |
| June 23, 1975 | 864.83 | 93.62 | 20.72 |
| June 20, 1975 | 855.44 | 92.61 | 25.26 |
| June 19, 1975 | 845.35 | 92.02 | 21.45 |
| 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 |