News stories from Thursday March 25, 1976
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Senator Henry Jackson has been moving leftward as he campaigns for the Democratic presidential nomination. During appearances in New York City recently as a contender in the April 6 primary, he has repeatedly placed his heaviest emphasis on social programs that would provide jobs, save the cities from financial disaster and aid the poor, the elderly and the ill. At a dinner sponsored by the Social Democrats, U.S.A., he remarked, "Isn't it interesting, that I'm the only presidential candidate that's willing to call himself a liberal?" [New York Times]
- Peter Reilly of Canaan, Conn. was granted a new trial by a Superior Court Judge in Litchfield who ruled that his conviction for his mother's murder two and a half years ago was "a grave injustice." Judge John Speziale, who presided at the 21-year-old Mr. Reilly's trial in 1974 and sentenced him to a six-to-16-year prison term, also predicted after reviewing what he called "the unusual, bizarre and complicated nature of the facts and circumstances of this case," that Mr. Reilly would never be convicted of the murder again. [New York Times]
- The Ford administration announced that contingency plans for possible moves against Cuba were being reviewed, but it seemed clear from the comments of several officials that there was no urgency about the review, which reportedly began several weeks ago. Several administration officials said they believed that the recent warnings by President Ford and Secretary of State Henry Kissinger were related to presidential primary politics. [New York Times]
- Researchers appear to be close to identifying a substance that "throws the master switch" in embryonic development, initiating the events that lead to the formation of specialized organs and finally to a fully developed organism. Research so far, notably at Cambridge, England, and the University of Indiana in Bloomington, has concentrated on amphibians, such as frogs and the axolotls, related to salamanders. [New York Times]
- The United States vetoed a resolution in the Security Council of the United Nations deploring Israeli policies in Jerusalem and the occupied areas on the West Bank of the Jordan River. William Scranton, the new United States representative at the United Nations, said the resolution was "unbalanced." The 14-1 vote ended a debate that began Monday on anti-Israeli unrest in Jerusalem and West Bank towns. [New York Times]
- The six-man contest to succeed Harold Wilson as Britain's Prime Minister turned unexpectedly and dramatically into a struggle involving only three -- Michael Foot, James Callaghan and Denis Healey. The first round of balloting among Labor members of the House of Commons produced no candidate with the required majority. [New York Times]
- South Africa announced that it would withdraw all its forces from southern Angola by Saturday. Defense Minister P.W. Botha said the withdrawal of 3,000 to 5,000 troops guarding the multimillion-dollar Cunene River hydroelectric and irrigation project was being done after Angolan guarantees to protect South Africa's border interests. The announcement was made on the eve of a debate in the United Nations in which South Africa probably would have been called an "aggressor" in southern Angola. [New York Times]
- After his palace in Beirut was shelled by Moslem artillery it was abandoned by President Suleiman Franjieh, who took refuge at the Christian stronghold of Junieh, 1.3 miles north of the capital. His forced withdrawal under the Moslem offensive was said to he a harsh blow to the morale of Mr. Vranjieh's Christian supporters and allies. Pierre Gemayel, another Christian leader, appealed "to all able-bodied Christian men and women" to join the nearest Christian militia post "so you may save our homeland before it is too late." [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 1002.13 (-7.08, -0.70%)
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* |
| March 24, 1976 | 1009.21 | 103.42 | 32.61 |
| March 23, 1976 | 995.43 | 102.24 | 22.45 |
| March 22, 1976 | 982.29 | 100.71 | 19.41 |
| March 19, 1976 | 979.85 | 100.58 | 18.09 |
| March 18, 1976 | 979.85 | 100.45 | 20.33 |
| March 17, 1976 | 985.99 | 100.86 | 26.19 |
| March 16, 1976 | 983.47 | 100.92 | 22.78 |
| March 15, 1976 | 974.50 | 99.80 | 19.57 |
| March 12, 1976 | 987.64 | 100.86 | 26.02 |
| March 11, 1976 | 1003.31 | 101.89 | 27.30 |