News stories from Friday November 21, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- From early morning to late at night, tens of thousands of Spaniards filed past the bier of Generalissimo Francisco Franco in the royal palace in Madrid. The people lined the streets for miles, awaiting their turn. In the meantime, a dissident group within the armed forces issued a message of caution about the monarchy that will be revived when Prince Juan Carlos de Borbon is sworn in as king tomorrow. [New York Times]
- Senator Frank Church, chairman of the Senate Select Committee on Intelligence, said that in the Senate's present mood he believed it would pass legislation "before Easter" providing for strong congressional oversight of the intelligence agencies. He said that the committee would submit its bill to outlaw assassination plots shortly before the Thanksgiving recess. [New York Times]
- A spokesman for the Senate Select Committee on Intelligence confirmed that it has not responded to requests from the Justice Department for access to the evidence gathered in the committee's intelligence investigation. He said that there was "a question" whether the files would ever be provided to government prosecutors investigating possible criminal intelligence activity. [New York Times]
- Supreme Court Justice Harry Blackmun, who had been asked to stay a particularly broad press gag order imposed in a Nebraska murder case, ruled instead that courts may forbid the press from reporting on confessions, certain other statements and perhaps even a defendant's criminal record if it is believed such orders are necessary for a fair trial. His ruling appeared to permit substantially more restraint on newspaper reports of court proceedings than earlier decisions did. [New York Times]
- Government sources said that federal agents were investigating possible frauds against the United States in its grain storage program as part of their broad inquiry into corruption in the grain industry. In addition, a former aide of the Bunge Corporation, a major grain dealer, has told investigators that he knew of "flagrant" cheating of poor countries receiving food from the United States. [New York Times]
- Daniel Patrick Moynihan was about to resign as chief American delegate to the United Nations today, but was dissuaded at the last moment by the White House. Close associates said he has been frustrated by insufficient support from the State Department. He has been a controversial figure at the United Nations, where there has been open criticism recently about his outspokenness, his diplomatic strategy and his overall effectiveness. Despite his change of mind about resigning, Mr. Moynihan hinted that he would not stay long at the United Nations anyway. [New York Times]
- The United States withdrew its proposed resolution from the United Nations General Assembly calling for amnesty for all political prisoners, protesting that amendments put forward by Communist and third-world countries would make it "a travesty." [New York Times]
- North and South Vietnam announced that joint elections would be held in the first half of next year to choose a National Assembly for a reunified country, which was divided in 1954 after the French Indochina war. The announcement was made at the end of talks in Saigon on reunification. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 840.76 (-2.75, -0.33%)
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* |
| November 20, 1975 | 843.51 | 89.64 | 16.46 |
| November 19, 1975 | 848.24 | 89.98 | 16.82 |
| November 18, 1975 | 855.24 | 91.00 | 20.76 |
| November 17, 1975 | 856.66 | 91.46 | 17.66 |
| November 14, 1975 | 853.67 | 90.97 | 16.46 |
| November 13, 1975 | 851.23 | 91.04 | 25.07 |
| November 12, 1975 | 852.25 | 91.19 | 23.96 |
| November 11, 1975 | 838.55 | 89.87 | 14.64 |
| November 10, 1975 | 835.48 | 89.34 | 14.91 |
| November 7, 1975 | 835.80 | 89.33 | 15.93 |