News stories from Thursday April 22, 1976

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

President Ford, who appeared unlikely even to win his party's nomination only a few months ago, seems to have gained very substantial political strength. A new national poll by the New York Times and CBS News, the third in three months, finds that Mr. Ford has steadily added to his political stock since the campaign began in February.The third national poll by the Times and CBS News also found that a consensus has been emerging among Democratic party leaders over the last month to the effect that only Senator Hubert Humphrey and Jimmy Carter have a good chance of winning the party's presidential nomination. The average Democratic voter appears to share that view. [New York Times] Boston's Suffolk County Courthouse was damaged by a bomb explosion that injured 21 persons, seven of them seriously. The police and other officials quickly issued statements that the bombing appeared to be unrelated to conflicts over court-ordered busing and recent racial incidents, but tension in the city increased the day before a march against violence called by the mayor. [New York Times] Documents and other evidence obtained by the Senate Select Committee on Intelligence show that the Federal Bureau of Investigation, at least through the end of 1973, maintained a network of confidential informers in major news organizations, universities and charitable foundations. Sources familiar with the panel's report on domestic intelligence operations, which will be made public next week, said that none of the news reporters or other confidential sources would be named in the document. [New York Times] Barbara Walters who has been co-host of the NBC "Today" show, accepted an offer of $1 million a year over the next five years to become a major personality of ABC News and to be co-anchor there with Harry Reasoner of "The Evening News." She will become the world's highest paid newscaster and the first woman ever to present the evening news over a major TV network. [New York Times] Ingmar Bergman, who has been having tax problems, announced that he could no longer live in Sweden and was leaving the country to continue his movie work abroad. The film director said that he had been harassed and humiliated by "prestige-ridden poker players" in the tax bureaucracy. He said they had tried to blackmail him to save face in a highly publicized tax case. [New York Times] Italian newspapers, citing United States documents, asserted that an unidentified former Prime Minister was involved in the scandal over bribes by the Lockheed Aircraft Corporation. They named as prime suspects Giovanni Leone, now Italy's President; Aldo Moro, who is also Prime Minister now, and Mariano Rumor, now Foreign Minister. Each man issued a strong denial of the allegations. The Christian Democratic Party, in which the three men are leading figures, was stunned. The newspaper reports arose from documents sent to Italy last week by the Senate subcommittee on multinational corporations. [New York Times] The Volkswagen company in West Germany was reported to have decided to invest $250 million in an automobile assembly plant in the United States. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 1007.71 (-3.31, -0.33%)
S&P Composite: 102.98 (-0.34, -0.33%)
Arms Index: 0.97

	Issues	Volume*
Advances	704	8.34
Declines	771	8.83
Unchanged	423	3.05
Total Volume		20.22

* 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*
April 21, 1976	1011.02	103.32	26.60
April 20, 1976	1003.46	102.87	23.50
April 19, 1976	988.11	101.44	16.50
April 15, 1976	980.48	100.67	15.10
April 14, 1976	974.65	100.31	18.44
April 13, 1976	984.26	101.05	15.99
April 12, 1976	971.27	100.20	16.03
April 9, 1976	968.28	100.35	19.05
April 8, 1976	977.09	101.28	20.86
April 7, 1976	986.22	102.21	20.19