News stories from Monday December 1, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Ford undertook a mission of modest expectations in Peking after engaging in a frank exchange with Deputy Prime Minister Teng Hsiao-ping over Washington's policy of detente with Moscow. At a banquet welcoming President and Mrs. Ford and their daughter, Susan, Mr. Teng declared that "rhetoric about detente cannot cover up the stark reality of the growing danger of war" posed by appeasement of the Soviet Union. Mr. Ford said that he was determined to pursue detente with caution. [New York Times]
- Congress returned to work, almost certain to complete action in the two or three weeks left in this session, on three major pieces of legislation that seem bound to put President Ford on the spot politically. Whether he signs or vetoes the measures, Mr. Ford, in the view of political observers, will provide ammunition for his opponents in the 1976 presidential election, "The President has certainly dug himself into a hole," a Republican Senator said. [New York Times]
- Representative Peter Peyser, Westchester County Republican, announced that he would challenge New York Senator James Buckley in the Republican party primary next year and make an issue of the Senator's hard line on federal aid to New York City, his residing in Connecticut and his connection with the oil industry. He said that Senator Buckley "is out of touch with the needs and the desires of the people of our state" and "simply doesn't care." [New York Times]
- Anna Roosevelt Halsted, the only daughter of President and Mrs. Franklin D. Roosevelt, died of cancer at the age of 69 at Montefiore Hospital in the Bronx. She was the wife of Dr. James Halsted, clinical professor of medicine at Albany Medical College. [New York Times]
- The Israeli cabinet, at a special six-hour session, decided to boycott the Middle East debate scheduled by the United Nations Security Council next month and approved in principle the establishment of new settlements on the Golan Heights. The cabinet meeting was held in response to the Security Council's resolution on Sunday night tying the extension of the United Nations peacekeeping force on the Golan Heights to a full-scale Middle East debate in the Security Council with participation by the Palestine Liberation Organization. Israel denounced the Council resolution as a surrender to Syrian pressure. [New York Times]
- The United States said that it would participate in the Security Council debate on the Middle East next month, but denied that this meant an end to its diplomatic boycott of the P.L.O. Faced with a public rift with Israel over its refusal to veto a Security Council resolution that seemed to give added prestige to the Palestinians, the United States sought to assure Israel that its attitude toward the P.L.O. -- one of non-recognition until the P.L.O. accepted Israel's existence -- had not changed. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 856.34 (-4.33, -0.50%)
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 28, 1975 | 860.67 | 91.24 | 12.87 |
| November 26, 1975 | 858.55 | 90.94 | 18.78 |
| November 25, 1975 | 855.40 | 90.71 | 17.49 |
| November 24, 1975 | 845.64 | 89.70 | 13.93 |
| November 21, 1975 | 840.76 | 89.53 | 14.11 |
| 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 |