News stories from Monday November 1, 1982

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

Republicans and Democrats stepped up their mutual criticism on the eve of tomorrow's midterm elections. President Reagan appealed on national television for the second successive day for votes for Republicans, assailing the Democrats for what he called "scare tactics" on Social Security and the recession. A new Democratic response, in national radio advertisements, was that "someone is losing their job every six seconds." [New York Times] Watch Tuesday's early returns in Maine, Rhode Island, New Jersey, Indiana and Virginia for the first clues on whether the Democrats will achieve modest gains or a sizable sweep in the congressional and gubernatorial elections. These states will offer the initial signs of whether Democrats are benefiting from an unusually small or an unusually large turnout, and whether the Republican base vote is disaffected. [New York Times] A two-state search is underway for a Chicago resident wanted for questioning in the cyanide-laced Extra Strength Tylenol deaths. The authorities issued an all points bulletin to the state police in Illinois and Kentucky describing a 35-year-old man who "may be violent." [New York Times] A key case in Las Vegas, Nev., that is under investigation by a grand jury could have a major impact on the federal government's 20-year attempt to supervise Nevada gambling. The panel is studying assertions that a federal district judge took a bribe from Joe Conforte, a former Nevada brothel operator. [New York Times] Bowie Kuhn was deposed as commissioner of baseball when five clubs in the National League voted not to renew his contract after 14 years in office. Kuhn, a 56-year-old lawyer and the sport's fifth commissioner, said he would serve out his term, which expires next August. [New York Times] The "reverse discrimination" issue that generated notable court cases in the 1970's again reached the Supreme Court, this time with a new twist for the fiscally troubled 1980's. The Court, accepting appeals by Boston's police and firefighters' unions and the Massachusetts Civil Service Commission, agreed to decide whether municipal layoffs can be structured to preserve racial balance even at the expense of seniority. [New York Times] A decline in beginning psychiatrists over the last decade is attributed largely to a disillusionment on the part of medical students over the scientific validity and practical effectiveness of the discipline. American psychiatrists believe that the drop in medical students attracted to the profession threatens the nation's mental health needs. [New York Times] A widening of the Marines' mission in Lebanon to include patrols in East Beirut has been approved by President Reagan, the State Department said. Administration officials said the action was requested by President Amin Gemayel, who wants the American-Italian-French force to assume more important responsibilities. [New York Times] Israeli forces were criticized by Prime Minister Shafik al-Wazzan of Lebanon. He accused the occupation troops of "paralyzing local government functions by interfering in public affairs" and he warned Lebanese officials and civilians that they might lose their citizenship in cases of "collaboration with Israel." [New York Times] The effects of Israel's invasion of Lebanon extended beyond the devastation of the Palestine Liberation Organization's military power. The invasion turned Lebanese politics upside down, tipping the balance of power radically in favor of the Maronite Christian minority and leaving the Moslem majority submissive and disillusioned. [New York Times] Pope John Paul II, visiting Spain, journeyed to the heartland of the country's monasticism. He was following the footsteps of St. Teresa of Avila, the mystical nun who shaped contemporary convent life. [New York Times] An Indian-Pakistani accord was an-nounced in New Delhi. Leaders of the two countries agreed to estalish a permanent joint commission to work out problems as they arise. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 1005.70 (+13.98, +1.41%)
S&P Composite: 135.47 (+1.76, +1.32%)
Arms Index: 0.51

	Issues	Volume*
Advances	1,091	52.48
Declines	561	13.82
Unchanged	320	7.23
Total Volume		73.53

* 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*
October 29, 1982	991.72	133.71	74.87
October 28, 1982	990.99	133.59	73.59
October 27, 1982	1006.35	135.28	81.66
October 26, 1982	1006.07	134.48	102.07
October 25, 1982	995.13	133.32	83.72
October 22, 1982	1031.46	138.83	101.13
October 21, 1982	1036.98	139.06	122.46
October 20, 1982	1034.12	139.23	98.68
October 19, 1982	1013.80	136.58	100.85
October 18, 1982	1019.22	136.73	83.79