News stories from Friday April 23, 1976

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

The Supreme Court turned down the pleas by seven contenders in the presidential primaries for a resumption of federal campaign subsidies. Without an explanation for the refusal, the decision was announced in a brief order that said that the motions made by the contenders on Thursday and a motion by the Democratic National Committee asking permission to file a friend-of-the-court brief supporting the contenders had been denied. The candidates may now go before the United States Court of Appeals for the District of Columbia. [New York Times] A 1969 memorandum from the late J. Edgar Hoover to his top associates in the Federal Bureau of Investigation ordered that the F.B.I. use its confidential informants in the news media to determine the source of an article in the New York Times reporting secret American bombing raids on Cambodia. The document was provided by the F.B.I. to lawyers representing Morton Halperin, a former National Security Council aide whose telephone was tapped by the F.B.I. from 1969 to 1971. Mr. Halperin is suing the government for damages. [New York Times] Called out by Mayor Kevin White, tens of thousands of people marched through Boston's center in a "Procession Against Violence," hoping to ease the city's racial tensions. The marchers were mainly middle class and white. The parade was led by the Mayor, Gov. Michael Dukakis, Senators Edward Kennedy and Edward Brooke, and other officials. [New York Times] Paul O'Dwyer, New York city council president, entered the crowded race for United States Senator from New York. He joined four other Democrats who hope to unseat Senator James Buckley, Conservative-Republican, in November. The five announced candidates may be joined by Representative Bella Abzug, Democrat of Manhattan, whose announcement is expected soon. [New York Times] While awaiting the arrival of Secretary of State Henry Kissinger in Nairobi tomorrow, where he will begin a 12-day tour of seven African states, African leaders are wondering just how far he is prepared to go in offering tangible support for nationalist movements in Rhodesia and South-West Africa. The question is expected to emerge early next week in Tanzania and Zambia, where the presidents of those countries will press hard for United States assurances of support, even direct military backing, primarily for the guerrilla forces opposing the Rhodesian government. [New York Times] Two of Spain's most distinguished scholars who had sworn never to set foot in the country while Franco was alive have returned from four decades of exile. Claudio Sanchez Albornoz, a historian and former president of the republic in exile, returned froth Buenos Aires with an appeal for peace and reconciliation. He said that he planned to spend only a few months in Spain, and then return to Argentina "to die, unless I die of emotion in Spain." His return followed by two weeks that of Salvador de Madariaga, the writer, who had been living in Switzerland. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 1000.71 (-7.00, -0.69%)
S&P Composite: 102.29 (-0.69, -0.67%)
Arms Index: 1.32

	Issues	Volume*
Advances	502	4.13
Declines	976	10.60
Unchanged	400	2.27
Total Volume		17.00

* 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 22, 1976	1007.71	102.98	20.22
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