News stories from Monday August 9, 1976
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Tactical skirmishes between the partisans of President Ford and Ronald Reagan marked the opening of preliminary activities of the Republican National Convention in Kansas City, Mo. Both sides proclaimed a strategy of party unity. [New York Times]
- Well-placed officials in Washington said that if President Ford does not choose John Connally as his running mate he may appoint him as chairman of his election campaign. Putting Mr. Connally in charge of the campaign was said to have been suggested to the President by several of his associates who believe that a Ford-Connally ticket would make Watergate a bigger issue that ever among Democrats. Rogers C.B. Morton, the chairman of the President Ford Committee, supports Mr. Connally as his replacement. [New York Times]
- After eight and a half days of deliberation, a jury in Los Angeles found William and Emily Harris, companions of Patricia Hearst in the so-called Symbionese Liberation Army, guilty of kidnapping, robbery and auto theft. But the Harrises were acquitted of aiding and abetting Miss Hearst when she opened fire to assist them in avoiding arrest at a sporting goods store in 1974. [New York Times]
- Rioting in South Africa spread from Soweto, where it recently originated, to at least 11 other black areas. There were attacks on schools, government offices and commuter buses. The police opened fire in at least three townships and in Alexandra they killed two youths who, the police said, had attacked a police vehicle. The worst of the trouble was in Soweto and Alexandra, where gangs of youths renewed their attempts to stop blacks from going to work for white employers in Johannesburg. The gangs set up roadblocks to halt commuter buses. In the meantime, Prime Minister John Vorster, in a South African magazine interview, said the country was in a serious situation, but that it was not critical, as South African opponents of apartheid have suggested. He said the government would listen to back protests, but would not permit an insurrection. [New York Times]
- The United States and Pakistan have agreed to seek a compromise that would prevent a confrontation over Pakistan's plans to build a French-designed nuclear fuel-making plant, it was announced by Secretary of State Henry Kissinger after talks with Prime Minister Zulfikar Ali Bhutto in Lahore. Mr. Bhutto consented to work out a formula that would insure that Pakistan would not be able to divert material into nuclear explosives, Mr. Kissinger said. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 983.46 (-2.54, -0.26%)
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* |
| August 6, 1976 | 986.00 | 103.79 | 13.93 |
| August 5, 1976 | 986.68 | 103.85 | 15.53 |
| August 4, 1976 | 992.28 | 104.43 | 20.65 |
| August 3, 1976 | 990.33 | 104.14 | 18.50 |
| August 2, 1976 | 982.26 | 103.19 | 13.87 |
| July 30, 1976 | 984.64 | 103.44 | 14.83 |
| July 29, 1976 | 979.29 | 102.93 | 13.33 |
| July 28, 1976 | 981.33 | 103.05 | 16.00 |
| July 27, 1976 | 984.13 | 103.48 | 15.58 |
| July 26, 1976 | 991.51 | 104.07 | 13.53 |