News stories from Tuesday March 9, 1976
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Ford defeated Ronald Reagan in Florida's Republican presidential primary, achieving his fourth victory in as many races. The hard-fought Democratic primary was won by Jimmy Carter, former Governor of Georgia. Gov. George Wallace of neighboring Alabama finished second in a major setback. Senator Henry Jackson of Washington ran third, well behind Mr. Wallace. The President's victory seriously damaged the candidacy of the former California governor. [New York Times]
- Speaking in the House, Representative Otis Pike accused the Central Intelligence Agency of seeking to discredit him and Congress in an effort to gloss over findings of the House Select Committee on Intelligence, which he heads. The Suffolk County (N.Y.) Democrat related previously undisclosed incidents in his dealings with the agency. One was a telephone conversation in which he quoted Mitchell Rogovin, the agency's special counsel, as having said: "Pike will pay for this -- we'll destroy him for this." [New York Times]
- In the continuing Washington dispute over "leaks," the State Department said that Secretary of State Henry Kissinger and his top aide, Lawrence Eagleburger, were personally conducting an inquiry into disclosure of top-secret details of talks with Middle East leaders. [New York Times]
- A former intelligence official said that the Federal Bureau of Investigation may have been "penetrated" by hostile foreign intelligence at least three times since the end of World War II. The evidence, which involved F.B.I. agents in New York City, Washington and an undisclosed American city, was entirely circumstantial, the former official said, and no criminal charges were brought against the three agents believed to have been subverted by foreign governments. [New York Times]
- Forty-two people were reported killed when a cable car crowded with skiers plunged 200 feet to the ground near the northern Italian city of Trento. Officials said there was only one survivor and that she had been seriously hurt. [New York Times]
- Rhodesia announced that black nationalist guerrilla forces had broadened their area of conflict to the full length of the 800-mile border with Mozambique. A deputy minister, Edward Sutton-Pryce, said the government saw no end to the fighting "whether we reach a political settlement or not." Official sources said that regular and paramilitary government forces totaled 12,000, with 25,000 in the organized reserves.
United States and British analysts said that Soviet arms shipments to Mozambique had been increasing and they believe that the weapons will be given to the guerrilla forces fighting in Rhodesia.
[New York Times] - The Museum of Modern Art has acquired a huge "cutout" work by Henri Matisse, and will exchange objects from its collection equal to the purchase price, which was said to be about $1 million. The many-paneled work, measuring nearly 54 feet long and 7½ feet high, once covered the four dining room walls of the home of the modern French master. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 993.70 (+4.96, +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* |
| March 8, 1976 | 988.74 | 100.19 | 25.06 |
| March 5, 1976 | 972.92 | 99.11 | 23.03 |
| March 4, 1976 | 970.64 | 98.92 | 24.41 |
| March 3, 1976 | 978.83 | 99.98 | 25.45 |
| March 2, 1976 | 985.12 | 100.56 | 25.59 |
| March 1, 1976 | 975.36 | 100.02 | 22.07 |
| February 27, 1976 | 972.61 | 99.71 | 26.94 |
| February 26, 1976 | 978.83 | 100.11 | 34.32 |
| February 25, 1976 | 994.57 | 101.69 | 34.68 |
| February 24, 1976 | 993.55 | 102.03 | 34.38 |