News stories from Wednesday February 25, 1976

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

Final returns from the New Hampshire presidential primary election showed a thin margin of about 1,250 votes for Mr. Ford over his challenger, Ronald Reagan, in the Republican preferential primary. In the separate contest for delegates, the President apparently won 17 of 21, with some races still in doubt. Among Democrats, Jimmy Carter finished first with about 30 percent of the preferential vote, and 13 delegates to four for the runner-up, Representative Morris Udall of Arizona. [New York Times] Ronald Reagan and Jimmy Carter appealed to voters of conservative inclination in their parties in the New Hampshire primary elections, according to the New York Times-CBS poll. Mr. Reagan's intense campaigning in the state appeared to have helped him. On some issues, Republicans proved more liberal than expected, which helps to explain the Ford majority. [New York Times] Mr. Reagan released a brief financial statement placing his net worth at $1,455,571. This included California real estate holdings that his financial advisers listed at their assessed value rather than market value, which local real estate agents consider much higher. [New York Times] The Supreme Court ruled unanimously that states may forbid the hiring by private employers of illegal aliens if this would make it harder for lawful residents to get jobs. It rejected the view of the Solicitor General and of two lower California courts that this was a matter exclusively for federal legislation. [New York Times] The Indian government, in its campaign to reduce the birth rate, announced a plan to penalize employees and Delhi residents who fail to limit their children to two. Like plans the government is promoting in state assemblies, it provides incentives to couples in which one member is sterilized or pledges to undergo sterilization after having two children. [New York Times] Talks between Pakistan's Prime Minister Zulfikar Ali Bhutto and Prime Minister Pierre Trudeau in Ottawa have not yet satisfied Canada's demand for a say in how Pakistan will use a nuclear reprocessing plant bought from France. Canada is concerned that it could convert wastes from a Canadian-supplied nuclear power reactor at Karachi into material from which an atomic bomb could be made. [New York Times] The Rhodesian government announced that its security forces engaging in "hot pursuit" of nationalist guerrillas along the Mozambique border had killed 24 and lost one soldier of their own. The clash followed a warning from Mozambique of retaliatory invasion for border violations. [New York Times] Congressional and administration sources in Washington said that Soviet officials have privately conceded the beaming of microwaves at the American Embassy in Moscow, contending this is done to disable American monitoring equipment, not to bug the building or harm its personnel. American officials said they accepted this. [New York Times] Two American government employees kidnapped in Beirut four months ago were freed at the home of the Lebanese leftist leader, Kamal Jumblat, who was thought to have played an intermediary role with the kidnappers. A well-placed American diplomat implied that the Syrian government, which is credited with restoring an uneasy order in Lebanon, had helped arrange the release. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 994.57 (+1.02, +0.10%)
S&P Composite: 101.69 (-0.34, -0.33%)
Arms Index: 0.70

	Issues	Volume*
Advances	683	16.03
Declines	874	14.36
Unchanged	361	4.29
Total Volume		34.68

* 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*
February 24, 1976	993.55	102.03	34.38
February 23, 1976	985.28	101.61	31.46
February 20, 1976	987.80	102.10	44.51
February 19, 1976	975.76	101.41	39.21
February 18, 1976	960.09	99.85	29.90
February 17, 1976	950.57	99.05	25.46
February 13, 1976	958.36	99.67	23.87
February 12, 1976	966.78	100.25	28.61
February 11, 1976	971.90	100.77	32.30
February 10, 1976	968.75	100.47	27.66