News stories from Tuesday September 23, 1975

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

President Ford told aides he was determined not to be held "hostage" in the White House and rejected suggestions to curtail public appearances following the second apparent attempt on his life in 17 days. His White House spokesman said Mr. Ford believed all elected and public officials need to get out and meet those they serve. [New York Times] The Secret Service learned two days before President Ford's visit to San Francisco that Sara Jane Moore, charged Monday with an attempt on his life, had suggested to the local police that she might attempt to "test" the presidential security system.Investigators are just beginning to trace Miss Moore's murky transcontinental trail following years in which she deliberately obscured her background. There is evidence of at least two marriages with a total of four children, two divorces, participation in civil rights and radical left activity and being an informant for the Federal Bureau of Investigation. [New York Times] A special committee to decide which presidential candidates should receive Secret Service protection recommended that it be offered immediately to all who are qualified to receive federal campaign funds. It mentioned the four Democrats who claim to have qualified -- Senators Henry Jackson and Lloyd Bentsen, Representative Morris Udall and Gov. George Wallace of Alabama, as most likely to receive it. [New York Times] Patricia Hearst said in an affidavit to the federal court in San Francisco that physical mistreatment, confinement, terror and possible use of LSD caused her to take part in the bank robbery for which she was arrested Thursday. Details in the document prepared by her lawyers appeared to conflict with some previously disclosed information about her kidnapping. Judge Oliver Carter rejected her lawyers' argument that she be placed in a private guarded clinic for examination by a psychiatrist picked and paid for by her family. He ordered that she be examined by a panel of psychiatrists while in custody to determine if she can face cross-examination. [New York Times] The House of Representatives passed a long-range energy policy bill challenging President Ford's proposed program of letting the oil price rise. It would restore the price ceiling on most domestic oil and force a reduction for oil not subject to that system. The decisive vote was 232 to 171. [New York Times] Judge Thomas MacBride ruled in federal court in Sacramento that Lynette Alice Fromme, 26-year-old disciple of the convicted murderer Charles Manson, is mentally fit to stand trial on a charge of attempting on Sept. 5 to kill President Ford. He also granted her request to represent herself in the trial. [New York Times] Senator James Buckley, the New York Conservative-Republican, said he opposed direct federal intervention in New York City's financial crisis and agreed with the Ford administration that the impact of possible default had been overstated. In a related development, three leading New York bankers gave President Ford their evaluation of the city's situation. After the meeting an aide said it brought no change in the hands-off policy. [New York Times] The Shah of Iran revealed a new plan for the oil-producing countries to establish a special fund for the least-developed nations. In an interview in Teheran with a New York Times editor he said it would be presented today at the Vienna meeting of the Organization of Petroleum Exporting Countries. A five-year assessment on each barrel of oil would go into a low-interest loan fund for specific projects in developing countries. [New York Times] Foreign Minister Andrei Gromyko of the Soviet Union told the United Nations General Assembly that the Geneva peace conference was the "appropriate mechanism for dealing with Middle East problems." He mentioned neither the Egyptian-Israeli agreement for a Sinai disengagement nor Secretary of State Kissinger's proposal Monday for an informal meeting of key states on the Middle East. Evidently alluding to Mr. Kissinger's shuttle diplomacy, he said the area must avoid "an approach based on momentary considerations and publicity." [New York Times]

Stock Market Report

Dow Jones Industrial Average: 819.85 (-0.55, -0.07%)
S&P Composite: 84.94 (-0.13, -0.15%)
Arms Index: 0.82

	Issues	Volume*
Advances	505	4.62
Declines	801	6.01
Unchanged	470	2.17
Total Volume		12.80

* 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*
September 22, 1975	820.40	85.07	14.75
September 19, 1975	829.79	85.88	20.83
September 18, 1975	814.61	84.06	14.30
September 17, 1975	799.05	82.37	12.19
September 16, 1975	795.13	82.09	13.09
September 15, 1975	803.19	82.88	8.67
September 12, 1975	809.29	83.30	12.23
September 11, 1975	812.66	83.45	11.10
September 10, 1975	817.66	83.79	14.78
September 9, 1975	827.75	84.60	15.79