News stories from Tuesday June 8, 1976

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

Jimmy Carter won a landslide victory in Ohio that gave him more than 100 additional national convention delegates and made it probable that he would finally emerge with a gain of 200 in the day's three Democratic presidential primaries. He lost to Gov. Jerry Brown of California in Mr. Brown's home state and trailed an uncommitted slate in New Jersey. Mr. Carter said he had talked to several rivals by telephone and that they had "indicated" they thought that he would be the nominee. On the Republican side, President Ford scored triumphs over Ronald Reagan in Ohio and New Jersey but lost in California to Mr. Reagan, a former governor of that state. [New York Times] New Jersey Democrats gave the uncommitted slate of delegates supporting Mr. Humphrey and Mr. Brown an apparent upset victory over the Carter slate. Mr. Carter trailed badly in districts such as Essex County, which he had been heavily counting on with the backing of the local party organization. Democratic leaders said that the Brown-Humphrey candidates had reaped a windfall of votes in districts that had been expected to support Representative Morris Udall but apparently switched to the uncommitted slate instead. [New York Times] Plans for a $125-per-plastic-plate picnic sponsored by the New York Democratic State Committee on the lawn of Gracie Mansion next Monday were canceled by Mayor Beame after Richard Rosenbaum, the Republican state chairman, threatened to enjoin it as a violation of the law against using public buildings for party fundraising. [New York Times] A number of European health specialists are seriously questioning the wisdom of the American plan to immunize almost the entire population with a new influenza vaccine. They say the risk of adverse reactions can be justified only if the risk of a serious outbreak is substantial. Although some European governments are stockpiling vaccine, none has considered mass vaccination. [New York Times] Beirut was in a state of siege with continued shelling and fighting in the Moslem neighborhoods of the Lebanese capital. Western diplomats reported more Syrian troops, armor and artillery entering the country. President Hafez al-Assad seems to have withheld an all-out attack. A high level delegation representing Syria, Libya, Algeria and the Palestine guerrilla movement arrived in Beirut on a mission to defuse the crisis between Syrian and Palestinian forces. [New York Times] The United States expressed concern again that the conflict in Lebanon, which the United States had been unable to influence, might touch off a wider war. In Washington the State Department avoided condemning either the Syrians or their leftist opponents. Privately, officials said the Syrians might have underestimated their opposition. Their failure to impose prompt order in Lebanon and the stepped-up fighting was thought to increase the risk of intervention from Israel or from other Arab countries. [New York Times] There are no prisoners in the Lebanese civil war. They are put to death -- often slowly. In 14 months of fighting, 18,000 to 20,000 people are estimated to have died, mostly civilians caught near their homes under indiscriminate shelling. On-the-spot slayings and kidnappings on religious grounds have been daily occurrences. [New York Times] Secretary of State Henry Kissinger said United States relations with Chile would remain cool as long as the military government violated what he called "elemental international standards of human rights." Attending the meeting of the Organization of American States in Santiago, the Chilean capital, he endorsed the criticism of the military government by the human-rights commission of the O.A.S. He credited President Pinochet's government with offering some "hopeful prospects" of reform. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 959.97 (+1.88, +0.20%)
S&P Composite: 98.80 (+0.17, +0.17%)
Arms Index: 0.92

	Issues	Volume*
Advances	731	7.36
Declines	637	5.88
Unchanged	498	3.42
Total Volume		16.66

* 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*
June 7, 1976	958.09	98.63	14.51
June 4, 1976	963.90	99.15	15.96
June 3, 1976	973.80	100.13	18.90
June 2, 1976	975.93	100.22	16.12
June 1, 1976	973.13	99.85	13.88
May 28, 1976	975.23	100.18	16.86
May 27, 1976	965.57	99.38	15.31
May 26, 1976	968.63	99.34	16.75
May 25, 1976	971.69	99.49	18.77
May 24, 1976	971.53	99.44	16.56