News stories from Wednesday July 23, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Pennsylvania legislature refused to override Gov. Milton Shapp's veto of a bill to ban school desegregation by busing pupils from one neighborhood to another. This left standing a proposal by the State Human Rights Commission, filed in a state court, that busing could be used to desegregate Philadelphia in spite of separate residential patterns. The city thus seems to be facing the busing issue that has brought tension and violence elsewhere. [New York Times]
- The Senate rebuffed a Southern-led effort to carry out President Ford's surprise request to extend the Voting Rights Act of 1965, due to expire Aug. 6, to all states. It then approved an amendment to extend the act for seven years, instead of 14 years as previously approved by the House of Representatives. The 52-to-42 vote could force the measure to a Senate-House conference. [New York Times]
- President Nixon authorized the Central Intelligence Agency in September, 1970, to make an all-out effort to keep Salvador Allende from becoming President of Chile, authoritative government sources disclosed. The CIA thus became involved in planning two separate military coups d'etat, but made an attempt to call off one of them before it went forward and brought about the murder of the army chief of staff, Gen. Rene Schneider, during a kidnap attempt, the sources said. [New York Times]
- Dr. Van Sim, civilian head of medical research at the Edgewood (Md.) Arsenal, told a Pentagon news conference that none of the nearly 600 soldiers given LSD in Army experiments were told they had received the drug before or afterward. He said that follow-up studies were done on only 10 percent of them. He said secrecy was essential to the experiment. Although LSD experiments on humans ended in 1967, he said, other experiments using drugs that can be hallucinatory continue under carefully supervised conditions. [New York Times]
- Foreign Minister Ismail Fahmy announced that Egypt would allow a renewal for three months of the expiring mandate of United Nations forces in Sinai. The decision was made at a National Defense Council meeting under the chairmanship of President Anwar Sadat. [New York Times]
- An earthquake that struck Burma July 8 irreparably damaged many of the great temples of Pagan. The disaster to this artistic landmark of Asia got almost no world attention because the country's isolationism has kept the temples little known. [New York Times]
- India's Parliament completed ratification of the state of emergency under which the government of Prime Minister Indira Gandhi has assumed sweeping powers and arrested thousands of its opponents. The legal emergency thus continues indefinitely. The government asked the resident New York Times correspondent. William Borders, to leave the country voluntarily for refusing to pledge observance of self-censorship, warning that if he stayed he would probably be deported. After consulting his editors here, he declined to leave voluntarily. [New York Times]
- Canada announced the closing of her Atlantic ports to the Soviet fishing fleet effective Monday, charging that the fleet had exceeded internationally agreed limits on catches in waters off eastern Canada. The Minister of State for Fisheries also said Moscow had failed to settle claims for damages to Canadian lobster gear. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 836.69 (-10.07, -1.19%)
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* |
| July 22, 1975 | 846.76 | 91.45 | 20.06 |
| July 21, 1975 | 854.74 | 92.44 | 16.69 |
| July 18, 1975 | 862.41 | 93.20 | 16.87 |
| July 17, 1975 | 864.28 | 93.63 | 21.42 |
| July 16, 1975 | 872.11 | 94.61 | 25.25 |
| July 15, 1975 | 881.81 | 95.61 | 28.34 |
| July 14, 1975 | 875.86 | 95.19 | 21.90 |
| July 11, 1975 | 871.09 | 94.66 | 22.21 |
| July 10, 1975 | 871.87 | 94.81 | 28.88 |
| July 9, 1975 | 871.87 | 94.80 | 26.35 |