News stories from Monday August 4, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Daniel Sullivan, a former business agent of the teamsters union, said that Anthony Provenzano, a former union vice president, had threatened the safety of James Hoffa and his family to discourage Mr. Hoffa from attempting to regain the union's presidency. Mr. Provenzano was said to have been one of three men who met with Mr. Hoffa last Wednesday, the day he disappeared in Michigan. [New York Times]
- President Ford made some critical remarks about New York during a meeting with the city fathers of Belgrade, Yugoslavia. When Mayor Beame and City Council President Paul O'Dwyer heard about them they got in a few licks of their own. [New York Times]
- In an attempt to make up profit and investment tosses, the nation's fire and casualty insurance companies raised their rates substantially during the first half of the year on millions of home and automobile insurance policies, and as profits are still declining, insurance men say further rate increases are coming. [New York Times]
- A Civil service commission report released by a congressional committee said that top officials of the Small Business Administration and the agency's civil service employees got their jobs through political influence exerted by Congressmen and the Nixon administration, not on the basis of merit. The report named persons at the White House or formerly in Congress, but did not mention by name those still in Congress. [New York Times]
- Japanese Red Army guerrillas who seized the American consulate in Kuala Lumpur in Malaysia held about 50 hostages today while they awaited the arrival of seven comrades the Tokyo government had agreed to free. They threatened to kill the hostages, who include the American consul, Robert Stebbins, if Japan did not release their comrades and make arrangements for their safe passage to an undisclosed destination. Premier Takeo Miki of Japan. who is in Washington, ordered the release of the seven men and a flight was arranged to Kuala Lumpur. [New York Times]
- Milton Leventhal, a New York stockbroker and an amateur archeologist, recently dug up a life-size, magnificently carved bronze statue of the Roman Emperor Hadrian on a farm in Israel. The statue, dating from the second century, is only the second bronze of Hadrian known to exist. It is being cleaned and prepared for exhibition at the Israel Museum in Jerusalem. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 818.05 (-8.45, -1.02%)
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 1, 1975 | 826.50 | 88.75 | 13.32 |
| July 31, 1975 | 831.51 | 88.75 | 14.54 |
| July 30, 1975 | 831.66 | 88.83 | 16.15 |
| July 29, 1975 | 824.86 | 88.19 | 19.00 |
| July 28, 1975 | 827.83 | 88.69 | 14.85 |
| July 25, 1975 | 834.09 | 89.29 | 15.11 |
| July 24, 1975 | 840.27 | 90.07 | 20.55 |
| July 23, 1975 | 836.69 | 90.18 | 20.15 |
| July 22, 1975 | 846.76 | 91.45 | 20.06 |
| July 21, 1975 | 854.74 | 92.44 | 16.69 |