News stories from Wednesday September 22, 1976
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Ford-Carter race is a virtual toss-up this week, experts are saying, as the candidates prepare for the next phase of the campaign -- the television debate tomorrow night at 9:30. Both aides consider this confrontation critical. Polls taken since Labor Day show that Mr. Carter's strong lead has dissipated and some Democratic leaders concede Mr. Ford has gained momentum recently. [New York Times]
- Ford campaign strategy will concentrate on New York, New Jersey and eight other states: California, Florida, Illinois, Michigan, Ohio, Pennsylvania, Texas and Wisconsin. The President Ford Committee said these 10 states would receive at least 60 percent of funds earmarked for organization of state campaigns. Mr. Ford will mostly remain in Washington while his running mate Senator Robert Dole crisscrosses the country. [New York Times]
- The House Ethics Committee voted down three proposals to punish Daniel Schorr for unauthorized disclosure of a House intelligence committee report and concluded its investigation into the matter. The committee also absolved the CBS News correspondent and three other newsmen from further compliance with subpoenas it had served on them. Mr. Schorr and his lawyer hailed the outcome as a victory for freedom of the press. [New York Times]
- New orders for durable goods were down in August, the Commerce Department reported, raising questions about the strength of the nation's economic recovery and arousing some anxiety in Wall Street. Some economists noted that the report was only preliminary and expected a continued increase in capital spending. [New York Times]
- Stock prices stopped their continued rally on the news of falling durable-goods orders. The Dow Jones Industrials rose to an 8½-point high but slipped to close at 1,014.05, giving a token loss of 0.74 for the day. The bond market showed an opposite effect, recovering some ground after sharp falls early in the day. [New York Times]
- Mars has a polar ice cap of frozen water, the Viking spacecraft has discovered. This finding suggests that the planet had much more water than had been expected. Scientists said that Mars might be a kind of global iceberg with the north pole cap at the tip, with the rest, in the form of permafrost, submerged in a "sea" of dust and rock on the surface. [New York Times]
- Caution on nuclear energy was voiced in a report by Britain's Commission on Environmental Pollution urging that further expansion be postponed as long as possible. Sir Brian Flowers, chairman of the commission, who had headed Britain's power reactor programs, said reliance on nuclear power should wait until it could be developed in an acceptable manner. [New York Times]
- A conference on South-West Africa that could lead to its independence may be taking shape. Secretary of State Kissinger will confer in the United States with Sam Nujoma, head of the South-West Africa People's Organization, who has not yet taken part in the talks. He finds this necessary because the talks in southern Africa have reached a crucial point. [New York Times]
- Two versions of the understanding between Prime Minister Ian Smith of Rhodesia and Secretary of State Kissinger are circulating in Africa. In Tanzania, President Julius Nyerere said he understood from Mr. Kissinger that Mr. Smith had agreed to black majority rule in Rhodesia within two years, but reporters with Mr. Kissinger got the impression that the deadline was still open to negotiation. [New York Times]
- The West German election campaign, in its final days, finds Helmut Schmidt, the incumbent Social Democratic Chancellor, in trouble. Helmut Kohl, the Christian Democratic opposition leader, is stirring popular response with his appeal to old-fashioned virtues of cleanliness, punctuality, dependability, savings, and hard work. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 1014.05 (-0.74, -0.07%)
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* |
| September 21, 1976 | 1014.79 | 107.83 | 30.30 |
| September 20, 1976 | 994.51 | 106.32 | 21.73 |
| September 17, 1976 | 995.10 | 106.27 | 28.27 |
| September 16, 1976 | 987.95 | 105.34 | 19.62 |
| September 15, 1976 | 979.31 | 104.21 | 17.57 |
| September 14, 1976 | 978.64 | 103.94 | 15.55 |
| September 13, 1976 | 983.29 | 104.29 | 16.10 |
| September 10, 1976 | 988.36 | 104.65 | 16.93 |
| September 9, 1976 | 986.87 | 104.40 | 16.54 |
| September 8, 1976 | 992.94 | 104.94 | 19.75 |