News stories from Friday June 13, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Senator Frank Church, chairman of the Senate Select Committee on Intelligence, said that his committee had no evidence linking former presidents to plots by the Central Intelligence Agency to assassinate leaders of foreign governments. He told reporters: "I would have to say at this time the committee has no evidence that would directly link C.I.A. involvement in this kind of activity with presidents of the United States during this period under investigation." [New York Times]
- Crime and violence, to varying degrees, have become the norm in schools throughout the country. Assaults on teachers by students and outsiders are increasing steadily. A Senate report estimates that 70,000 teachers are injured badly enough each year to require medical attention. Murder, rape and armed robbery are not unusual, and many students carry a weapon. [New York Times]
- Nine new swimming pools were opened to all in Jackson, Miss., 12 years after the city had drained its old pools and let trees grow up through their cracked bottoms rather than allow blacks to use them. The reopening went off without incident and was a rather typical example of the way old racial barriers are tumbling across the South these days. But few black children swam in predominantly white neighborhoods. [New York Times]
- With a jump to a record rate of 25 percent, Britain's inflation rate is now the highest in Europe. An official announcement that the retail price index rose 4.2 percent from April to May, the largest monthly increase on record, was another blow to the government of Prime Minister Wilson who is under increasing pressure to take some dramatic anti-inflationary action. There is a general feeling in Britain that Mr. Wilson's "social contract" with trade unions for voluntary wage restraints has collapsed. [New York Times]
- Finance ministers of rich and poor countries decided in Paris to establish a new lending facility of the World Bank that would make up to $1 billion of low-cost loans to developing countries in the next year. The United States, however, declined to contribute. Secretary of the Treasury William Simon explained why. [New York Times]
- Leonid Brezhnev proposed in a speech in the Kremlin that the world's major powers agree to ban new weapons and systems of mass destruction. In his first public speech in five weeks, the Soviet leader declared that such an agreement was necessary because modern technology was capable of producing new weapons even "more terrifying" than existing nuclear ones. "The reason and conscience of humanity dictate the necessity of erecting an insurmountable barrier to the development of such weapons," he said. [New York Times]
- Prime Minister Indira Gandhi of India, determined to remain in power despite a court ruling that she won her seat in Parliament illegally, took her case to the people at a number of street rallies. Her opponents, meanwhile, demanded that she resign at once, even before the Supreme Court rules on her appeal. "We no longer recognize Mrs. Gandhi as Prime Minister," four opposition parties said in a joint statement. But the Indian public seemed to react with disbelief to reports that the Prime Minister had been convicted of two counts of corrupt election practices. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 824.47 (+5.16, +0.63%)
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* |
| June 12, 1975 | 819.31 | 90.08 | 15.97 |
| June 11, 1975 | 824.55 | 90.55 | 18.23 |
| June 10, 1975 | 822.12 | 90.44 | 21.13 |
| June 9, 1975 | 830.10 | 91.21 | 20.67 |
| June 6, 1975 | 839.64 | 92.48 | 22.23 |
| June 5, 1975 | 842.15 | 92.69 | 21.61 |
| June 4, 1975 | 839.96 | 92.60 | 24.90 |
| June 3, 1975 | 846.14 | 92.89 | 26.56 |
| June 2, 1975 | 846.61 | 92.58 | 28.24 |
| May 30, 1975 | 832.29 | 91.15 | 22.67 |