News stories from Wednesday August 13, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Attorney General Edward Levi, addressing the American Bar Association's convention, disclosed Justice Department proposals to curtail but not abolish, the domestic intelligence operations of the Federal Bureau of Investigation. Among the proposals were a ban on using informers to plant the idea of committing a crime and a limit on intelligence gathering to situations that might involve unlawful force or violence. [New York Times]
- The General Motors Corporation said it was raising prices on its 1976-model cars by an average of $206, or 4.4 percent, somewhat less than industry analysts had forecast. The company was the first of the four major United States car makers to announce its prices and analysts expected the others to follow its pattern. [New York Times]
- A new communication in the form of a tape recording was delivered to the family of Samuel Bronfman II, the kidnapped 21-year-old heir to the Seagram liquor fortune. An unconfirmed report said it was the young man's voice. It followed apparent messages to the asserted kidnappers that were published as classified advertisements in three newspapers. A law enforcement source familiar with the investigation said things were at a "critical stage." [New York Times]
- A group of radical but anti-Communist officers in Portugal called for a political system based on organizations such as neighborhood and worker associations but excluding political elections as an aspect of middle-class democracy. This group of officers, who are Commanded by Gen. Otelo Saraiva de Carvalho, a triumvirate member and military security chief, is the third struggling for predominance. The others are the supporters of proletarian control under Communist leadership, backed by Premier Vasco Goncalves, and the gradualists seeking a transition, supported by free political parties, to democratic Socialism. [New York Times]
- Brazil's Trans-Amazon Highway, started five years ago, is behind its construction schedule but is already a reality, slowly opining the Amazon Basin. It is generally believed that unless oil is discovered in the area, it will be impossible to give it an asphalt surface and make it a year-round, all-weather road. [New York Times]
- The papers of Thomas Mann, sealed for 20 years under the German writer's will, have been opened in Zurich. A representative of the archives said the papers included what amounted to diaries for 1918-21 and from 1933 to Mann's death in 1955. Thus, they include the period of his shift after World War I from rightist imperialism to left-center support of democracy, as well as his voluntary exile from Hitler's Germany. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 820.56 (-7.98, -0.96%)
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* |
| August 12, 1975 | 828.54 | 87.12 | 14.51 |
| August 11, 1975 | 823.76 | 86.55 | 12.35 |
| August 8, 1975 | 817.74 | 86.02 | 11.66 |
| August 7, 1975 | 815.79 | 86.30 | 12.39 |
| August 6, 1975 | 813.67 | 86.25 | 16.28 |
| August 5, 1975 | 810.15 | 86.23 | 15.47 |
| August 4, 1975 | 818.05 | 87.15 | 12.62 |
| August 1, 1975 | 826.50 | 88.75 | 13.32 |
| July 31, 1975 | 831.51 | 88.75 | 14.54 |
| July 30, 1975 | 831.66 | 88.83 | 16.15 |