News stories from Friday July 18, 1975

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

The Apollo and Soyuz astronauts visited each other's spaceships twice today, sharing meals and speaking of friendship and further cooperation. The spaceships, which were united in orbit Thursday, are scheduled to separate at 8:04 A.M., Eastern daylight time, tomorrow. They will practice one more brief docking before going their separate ways 140 miles above the earth. [New York Times] Senator Frank Church, chairman of the Senate Select Committee on Intelligence, said that the committee had thus far found "no hard evidence" linking any former presidents to alleged attempts by the Central Intelligence Agency to assassinate foreign heads of state. He said he had now concluded that there was "a very real possibility" that the agency had conceived and attempted to carry out such plots independently. [New York Times] Gov. Milton Shapp of Pennsylvania announced that he would become a candidate for the Democratic nomination for President. Six other Democrats have already formally declared themselves as candidates, but Mr. Shapp, who is 63 years old, said he was delaying his official announcement until early fall as "a matter of timing." [New York Times] Portugal's military forces were put on full alert as the conflict between the Communist party and its rivals began to move into the streets, amid reports of a possible coup. The Military Security Command warned that it would use "force of arms" against any action by "counterrevolutionary forces," outside the country. Thousands of rightist supporters of the authoritarian government that was overthrown last year have gathered in Spain. [New York Times] The government of Argentina sought to quell rumors and local newspaper reports that President Isabel Martinez de Peron was seeking a leave of absence and wished to go abroad. Mrs. Peron, reportedly suffering from a cold, has been secluded in the presidential mansion. The Argentine constitution allows the President, with Senate approval, to take a leave of absence of up to 60 days. [New York Times] The Honduras government announced the discovery of the bodies of seven persons, including two priests -- one of them an American -- who had been missing since the army clashed last month with 12,000 peasants demanding land. A Roman Catholic bishop said the slayings "were committed by die-hard forces opposed to the postponed social reforms in the countryside." The American priest was identified as the Rev. Michael Jerome Cypher of Medford, Wis. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 862.41 (-1.87, -0.22%)
S&P Composite: 93.20 (-0.43, -0.46%)
Arms Index: 1.03

	Issues	Volume*
Advances	648	6.56
Declines	749	7.78
Unchanged	415	2.53
Total Volume		16.87

* 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*
July 17, 1975	864.28	93.63	21.42
July 16, 1975	872.11	94.61	25.25
July 15, 1975	881.81	95.61	28.34
July 14, 1975	875.86	95.19	21.90
July 11, 1975	871.09	94.66	22.21
July 10, 1975	871.87	94.81	28.88
July 9, 1975	871.87	94.80	26.35
July 8, 1975	857.79	93.39	18.99
July 7, 1975	861.08	93.54	15.85
July 3, 1975	871.79	94.36	19.00