News stories from Tuesday April 29, 1980

Summaries of the stories the major media outlets considered to be of particular importance on this date:

President Carter vowed to win release of the American hostages held in Iran by continuing to pursue whatever steps are necessary and feasible. In a televised news conference, the President stressed again and again that the aborted rescue attempt last week had had a good chance of success and that it would have been "a deeper failure" not to have attempted it.The escape of all paramilitary figents who had infiltrated into Iran to help rescue the American hostages was reported by American military officials. They said that all of the undisclosed number of agents had quietly slipped out of Iran the same way they entered early this year -- posing as European businessmen. [New York Times] President Carter sought harmony in an unexpected appointment. He nominated Senator Edmund Muskie of Maine to be Secretary of State to succeed Cyrus Vance, who resigned Monday in opposition to the attempted rescue mission in Iran. Mr. Muskie, a leading Democrat, has been in the Senate for 22 years. [New York Times] A higher current budget was approved in the House, which voted to increase spending by $24 billion and to raise the deficit by $13 billion. The 244-to-173 vote came amid warnings that the action portended additional problems in achieving a balanced budget for the next fiscal year. [New York Times] About 200,000 evangelical Christians gathered for a "Washington for Jesus" rally but denied any political motives, despite mass lobbying on Capitol Hill. Carrying Bibles, flags and placards reading, "America, You Need Jesus," the throng marched and prayed in downtown Washington and heard a call for God's intercession in "a world aflame in sin." [New York Times] Draft registration advanced a step closer to reality as a Senate Appropriations subcommittee approved President Carter's plan by an unexpected 8-4 margin. Trouble had been expected because the panel's chairman, Senator William Proximire, and its ranking Republican, Senator Charles Mathias, opposed the bill. [New York Times] Alfred Hitchcock died at the age of 80 at his home in Los Angeles. His mastery of suspense and of directorial technique made him one of the most popular and celebrated moviemakers for more than half a century. [New York Times] A huge influx of Cuban refugees is expected to arrive soon in Key West, according to Gov. Bob Graham of Florida, who urged the White House to prepare to handle the situation. The Governor, who toured facilities set up to cope with the expected influx, also urged the Carter administration to rescind its policy of levying high fines on boat owners carrying the refugees to this country and, in some cases, seizing their boats. [New York Times] No further verdict in the Bert Lance bank fraud trial was reached after eight days of deliberations, and a Federal District Judge ordered the jury to appear in court tomorrow. The jury has twice reported that it was deadlocked on some of the 19 counts. Earlier, the jury reached a verdict on one of the four defendants, but the defendant has not been named. [New York Times] John Anderson pressed his new drive as an independent candidate for President on its first national tour. The Illinois Representative defined his new constituency as millions who are "disenchanted" and "alienated" from politics and he accused the national chairmen of the two major parties of representing "the smug, self-satisfied establishment." [New York Times] Pakistan's regime is under challenge by the leaders of banned political parties who only recently were freed from house arrest. The boldest criticism has come from a military hero who has appealed for a mobilization to bring down the military government. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 811.09 (+5.63, +0.70%)
S&P Composite: 105.86 (+0.22, +0.21%)
Arms Index: 1.30

	Issues	Volume*
Advances	900	13.10
Declines	574	10.84
Unchanged	411	4.00
Total Volume		27.94

* in millions of shares

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*
April 28, 1980	805.46	105.64	30.61
April 25, 1980	803.58	105.16	28.59
April 24, 1980	797.10	104.40	35.79
April 23, 1980	789.25	103.73	42.62
April 22, 1980	789.85	103.43	47.92
April 21, 1980	759.13	99.80	27.55
April 18, 1980	763.40	100.55	26.88
April 17, 1980	768.86	101.05	32.77
April 16, 1980	771.25	101.54	39.72
April 15, 1980	783.36	102.63	26.67