News stories from Monday November 1, 1976
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Ford and Jimmy Carter made final appeals to American voters whose preferences in tomorrow's presidential election seemed nearly evenly divided between them. In a national broadcast showing him speaking from Air Force One, Mr. Ford vowed "I won't let you down." In a similar broadcast, also carried by the three commercial television networks, Mr. Carter urged all voters to go to the polls. [New York Times]
- The pledge of a tax cut was stressed by President Ford before big crowds in the key states of Ohio and Michigan and in the final message he taped for election-eve advertising broadcasts. In his last day of stumping, Mr. Ford's mood was triumphant. [New York Times]
- Jimmy Carter campaigned in California with Gov. Jerry Brown at his side before heading for a final rally in Flint, Mich. Dogged by a new controversy over his home church's closing its door to a black clergyman, he said that he would "stay within the church and to try to change the attitude which I abhor." [New York Times]
- Seeking to preserve Jimmy Carter's slim lead in New York state, Mayor Beame met with 40 Democratic leaders at Gracie Mansion to press for a large turnout in Brooklyn, the Bronx and Queens. They are banner Democratic counties. The unusual meeting reflected the intense efforts by both Democrats and Republicans to get their backers to vote in an election that appears so close in metropolitan area states that the turnout will be crucial. [New York Times]
- Pro-casino forces deluged New Jersey voters with newspaper and broadcast appeals for approval of gambling casinos in Atlantic City. Most political analysts believe that the vote on the issue tomorrow will be very close. [New York Times]
- Stock prices made a small gain with trading moving in a narrow range. The Dow Jones industrial average closed up 1.16 at 966.09, bringing Its total advance in the last five sessions to more than 35 points. Credit traders pushed prices up, but trading was light and price gains only modest. [New York Times]
- New construction contracts in September surpassed last year's September levels by 7 percent despite a decline in public works, utility and other heavy building, the McGraw-Hill Information Systems reported. A 32 percent drop in the heavy, non-building category was more than offset by a 27 percent gain in residential construction and a 17 percent increase in non-residential building. [New York Times]
- Eugene McCarthy's candidacy as an independent was casting a long shadow on the presidential race. He is on the ballot in 29 states and votes for him could decide whether President Ford or Mr. Carter gets the 126 electoral votes in six of them -- Ohio, Illinois, Iowa, Pennsylvania, Michigan and New Jersey -- with tight races. [New York Times]
- Radio emissions from distant civilizations could be detected by an ambitious project being developed by laboratories of the national space agency. The initial goal is to build an analyzer that can simultaneously observe a star and its possible planets through a million radio-frequency peepholes. The expected cost is $1 million. [New York Times]
- The idea of setting a date for black majority rule in Rhodesia will be discussed tomorrow at the Geneva conference, Ivor Richard, British chairman of the parley on Rhodesia, announced. African sources said that two of the black leaders had proposed that next September be agreed on. The proposal seemed to surprise Prime Minister Ian Smith of Rhodesia, who said, "I haven't given that one any thought." [New York Times]
- Anti-government protests by youths continue in the black township of Soweto, outside Johannesburg. Many arrests have been reported in raids by South African policemen at homes of student militants, who have led a boycott of final examinations. [New York Times]
- About 20,000 people bade farewell in Belfast to Maire Drumm, a folk hero to the Irish republican movement who was shot to death last week. The mourners marched to the cemetery through the Catholic neighborhoods of Belfast, amid the lament of bagpipes and crackles of saluting pistols. British security forces, looking for members of the I.R.A. Provisionals, were on full alert. [New York Times]
- Irked by what it considered Soviet stalling tactics, the State Department took the unusual step of announcing it did not intend to withdraw the appointment of Malcolm Toon as the new Ambassador to Moscow. Department officials said that the Russians distrusted Mr. Toon, a career diplomat, and apparently hoped that his nomination would be withdrawn. [New York Times]
|
Stock Market Report
Dow Jones Industrial Average: 966.09 (+1.16, +0.12%)
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* |
| October 29, 1976 | 964.93 | 102.90 | 17.03 |
| October 28, 1976 | 952.63 | 101.61 | 16.92 |
| October 27, 1976 | 956.12 | 101.76 | 15.79 |
| October 26, 1976 | 948.14 | 101.06 | 15.49 |
| October 25, 1976 | 938.00 | 100.07 | 13.31 |
| October 22, 1976 | 938.75 | 99.96 | 17.87 |
| October 21, 1976 | 944.90 | 100.77 | 17.98 |
| October 20, 1976 | 954.87 | 101.74 | 15.86 |
| October 19, 1976 | 949.97 | 101.45 | 16.20 |
| October 18, 1976 | 946.56 | 101.47 | 15.71 |