News stories from Wednesday December 31, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Ford reviewed what he called a year of accomplishment in domestic and foreign policy and spoke of his resolve for 1976 to achieve peace throughout the world and better economic conditions and stronger political freedom in this country. He told reporters his pride had been hurt by criticism that he is inept and bumbling, but expressed "total confidence" in his capabilities. He added that he expected to be nominated and elected. [New York Times]
- The November disclosures that the Federal Bureau of Investigation had tried secretly for six years to discredit the Rev. Dr. Martin Luther King Jr. raised questions whether the F.B.I. itself might have been involved in some way in the 1968 murder of the black civil rights leader. A six-week investigation by The New York Times has turned up no evidence either directly or indirectly implicating the bureau. [New York Times]
- Representative Morris Udall, the Arizona Democrat who is making a hard uphill run for the presidential nomination, is hoping for a strong showing in the New Hampshire primary in February. Although his aides regard the period from now to the April 6 primary in New York as crucial to his campaign, they feel the New York vote could be inconclusive with the entry of Governor Carey's uncommitted slate. [New York Times]
- Physicists in the United States and Europe believe they have produced for the first time particles of matter displaying the property known as charm. This would support the view that all the heavier particles of matter are formed from four basic subunits or "quarks," one of which has "charm." [New York Times]
- The Federal Power Commission authorized an annual increase of $500 million in natural gas prices to be borne by households and other consumers. In another decision -- a major policy change -- it withdrew its earlier authorization for interstate natural gas pipelines to lend money to oil companies to finance exploration. This was a setback for large oil companies. [New York Times]
- The Soviet Union rejected charges by American critics that it had cheated on its arms agreements with the United States and hinted that it harbored doubts about American compliance. An officially circulated article in Pravda said Moscow was not to blame for delay in reaching a new agreement on the limitation of strategic arms. The article signaled a shift from its earlier public confidence that an agreement would be reached. [New York Times]
- The Spanish government will proclaim amnesty for prisoners only after making changes in the penal code and the anti-terrorist law, according to Manuel Fraga Iribarne, a Deputy Prime Minister who as Minister of the Interior heads the police and local government. He said that constitutional changes providing for legislative elections would he decided on in a month or two. He foresaw no difficulties in the conservative Parliament. [New York Times]
- President Isabel Martinez de Peron of Argentina received a political bonus when a judge investigating governmental corruption cleared her of criminal liability in the drawing of a $700,000 check from a public charity for deposit in the estate of her late husband, Juan Domingo Peron. The judge has already ordered the arrest of Jose Lopez Rega, her political mentor until forced to resign his office last July as Minister of Social Welfare. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 852.41 (0.00, 0.00%)
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* |
| December 30, 1975 | 852.41 | 89.77 | 16.04 |
| December 29, 1975 | 856.66 | 90.13 | 17.07 |
| December 26, 1975 | 859.81 | 90.25 | 10.02 |
| December 24, 1975 | 851.94 | 89.46 | 11.15 |
| December 23, 1975 | 843.75 | 88.73 | 17.75 |
| December 22, 1975 | 838.63 | 88.14 | 15.34 |
| December 19, 1975 | 844.38 | 88.80 | 17.72 |
| December 18, 1975 | 852.09 | 89.43 | 18.04 |
| December 17, 1975 | 846.27 | 89.15 | 16.56 |
| December 16, 1975 | 844.30 | 88.93 | 18.35 |