News stories from Monday November 5, 1979

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

The U.S. rebuffed Iranian students, rejecting their demand that the deposed Shah be sent back to Iran in return for the release of 60 Americans being held in the embassy in Teheran. Washington also said it expected Iran's government to live up to its assurances to facilitate the freeing of the Americans, but officials said privately that Teheran was limited in its ability to control the students.Iranian students held scores of hostages in the American Embassy in Teheran for a second day and received encouragement from Iranian religious leaders and tens of thousands of demonstrators. The students showed reporters photographs of the hostages, including women, blindfolded and with tied hands, and said they were being interrogated. [New York Times] Sales of new American cars plunged more than 20 percent last month from the year before, making October the worst month so far this year for sales by General Motors, Ford and Chrysler. Chrysler, the hardest hit, announced it was beginning more direct rebates to customers. G.M. voted to pay only $1.50 as its year-end dividend compared with $2.50 it paid last year. [New York Times] The closing of some nuclear reactors may have to be ordered because of the proximity of some of the 72 operating ones to population centers such as New York and Chicago, according to the chairman of the Nuclear Regulatory Commission. He also said that the commission would not permit utilities to begin operating or constructing new reactors for at least six months and possibly up to two years. [New York Times] Wide Reagan and Kennedy leads over their opponents for the 1980 presidential nominations were shown in the latest New York Times/CBS News Poll. Ronald Reagan is considered a strong leader by two out of three Republicans and is the preferred candidate of 37 percent. Senator Edward Kennedy, viewed as a strong leader by 80 percent of the Democrats and the general public, is now the choice of 54 percent of the Democrats surveyed. [New York Times] A better-organized White House has resulted from the Carter administration shake-up last summer. The focal point is a morning meeting that used to be a brief, desultory affair, but has become the key time in which the President and his closest advisers shape political strategy and set the administration's agenda. A rare glimpse into the workings of the Carter White House was offered when a reporter and photographer of the Times were allowed to attend a session. [New York Times] Murder charges against 14 Klansmen were formally read in a Greensboro, N.C., court. They are accused of firing wildly into a racially mixed group of anti-Klan demonstrators on Saturday, killing four and fatally wounding a fifth, who died today of wounds. All 14 prisoners were denied bond. [New York Times] Acid rain is a rising global threat in the view of many scientists and governmental officials, who cite its rapid increase in more areas of the world. Rainfall with an acidity level of vinegar that can harm many ecosystems has been widely reported and the trend has been accelerating. [New York Times] Gains by black Mississippians are expected in Tuesday's legislative elections. There are now five blacks in the 122-member House and one in the 52-member Senate. But, in the House races, six blacks are unopposed and six have black opponents, and 17 to 20 blacks are expected to join the chamber. Two to four blacks are expected to gain Senate seats. [New York Times] Al Capp died at the age of 70. The most celebrated figure to emerge from the pen of the satirist was Li'l Abner, the virile, eternally innocent hillbilly who was the protagonist of a comic strip eventually followed devotedly by tens of millions of readers of more than 900 newspapers. [New York Times] Mayor Koch was pelted with eggs and struck in the eye by a group protesting his advocacy of New York City hospital closings. Mr. Koch, who was rising to greet 3,500 convention visitors at a hotel, helped wrestle two of the assailants to the floor and, after delivering welcoming remarks, went to a police station to press charges against three arrested demonstrators. [New York Times] A $50,000 cash contribution was arranged by Anthony Scotto and picked up by Louis Valentino, a state official who worked in the 1977 New York City mayoral campaign of Mario Cuomo, according to testimony by Mr. Valentino. Mr. Scotto, a longshoremen's union leader, has denied receiving illegal payoffs but has said he received cash contributions for political campaigns. [New York Times] A political crisis in Japan flared anew when an accord between Prime Minister Ohira and a challenger broke down hours after it was announced. Japan has lacked a formally constituted government for a week. [New York Times] Bolivian troops fired at protesters in La Paz as the general strike against the new military regime continued. At least two demonstrators were reported killed and many wounded. [New York Times] Aid to Cambodia was pledged by 51 countries, which said they would give more than $200 million to relieve famine and disease there. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 812.63 (-6.31, -0.77%)
S&P Composite: 101.82 (-0.69, -0.67%)
Arms Index: 1.53

	Issues	Volume*
Advances	411	3.68
Declines	1,002	13.71
Unchanged	441	3.08
Total Volume		20.47

* 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*
November 2, 1979	818.94	102.51	23.68
November 1, 1979	820.14	102.57	25.89
October 31, 1979	815.70	101.82	27.78
October 30, 1979	823.81	102.67	28.89
October 29, 1979	808.62	100.71	22.72
October 26, 1979	809.30	100.57	29.67
October 25, 1979	808.46	100.00	28.45
October 24, 1979	808.36	100.44	31.48
October 23, 1979	806.83	100.28	32.91
October 22, 1979	809.13	100.71	45.24