News stories from Monday April 21, 1980

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

A reunion was held between a hostage and his mother for 45 minutes in the occupied American Embassy in Iran. The mother, Barbara Timm, said that several of the militant Islamic captors stood by but that they did not interrupt her conversation with her son and that the only condition of the visit was that politics could not be discussed.Washington urged other relatives of hostages in Teheran not to violate the new regulations banning travel to Iran. The Carter administration was clearly upset by the visit of Barbara Timm with her son, but it said that she and her husband had not violated the ban because it had not been published when they went to Teheran. [New York Times] A very close Democratic race is expected by most politicians in the potentially decisive presidential primary tomorrow in Pennsylvania. Senator Edward Kennedy has made his most vigorous challenge so far in what his own strategists term a "do-or-die" effort to block the drive by President Carter for renomination. Neither side is confident of victory.A controversial limited caucus to choose Michigan delegates to the Democratic National Convention is set for Saturday. Only 41,717 Democrats, most of whom paid fees of $2, $3 or $10 by Feb. 26, are to take part in the caucuses to choose 914 delegates, and most politicians there predict a close race between President Carter and Senator Kennedy. [New York Times] Bill Rodgers won the Boston Marathon, becoming the first runner in 56 years to take three consecutive titles and finishing the 26 mile, 385 yard race in 2 hours 12 minutes 11 seconds. In a stunning upset, Rosie Ruiz of New York beat 448 other women contestants in the field of 5,369 starters. [New York Times] Sharply higher postal rates are sought by the United States Postal Service, which has proposed an overall increase of 28 percent and an increase in first-class letter rates to 20 cents from 15 cents. Postmaster General William Bolger predicted that the increases would be approved by the Postal Rate Commission next year. [New York Times] A plan to aid the Moscow Olympics was presented to the International Olympic Committee by the spokesman for 15 West European Olympic committees. It calls for a ban on flags, anthems and all other national trappings. [New York Times] The Chicago administration was astir over allegations by three former top police officers. They charged they had been demoted in a shake-up resulting from efforts by members of Mayor Jane Byrne's administration to influence police assignments at the behest of crime figures.Chicago's schools are segregated illegally, the Justice Department has concluded. The department invited the city's officials to enter negotiations to seek to resolve the issue by "early summer." [New York Times] Radiation exposure rules were assailed by the atomic workers union and a health group. They said that 5,000 uranium miners and tens of thousands of other hard-rock miners faced a sharply higher risk of dying of lung cancer because of inadequate safeguards and they urged the Labor Department to issue an emergency order requiring an immediate reduction in permissible radiation exposure. [New York Times] Some allied support for Washington, possibly including a ban or severe curb on imports of Iranian oil, seemed to be in prospect at a conference of Western European foreign ministers. According to several diplomats, the most likely accord will also provide for a cutback in diplomatic links with Teheran, a reimposition of visa requirements for travelers between Europe and Iran and perhaps a ban on arms shipments to Iran. [New York Times] Japan will "make some sacrifices" to help gain the release of the American hostages in Iran, Prime Minister Masayoshi Ohira said as his country was faced with a cutoff of vital crude oil by Iran over a price dispute with its biggest customer. [New York Times] A U.S. presence in the Indian Ocean has been made easier by two agreements, according to Washington officials, who said that American forces would have access to naval and air facilities in Oman and Kenya in return for economic and military aid. The officials said parallel talks with Somalia had bogged down. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 759.13 (-4.27, -0.56%)
S&P Composite: 99.80 (-0.75, -0.75%)
Arms Index: 1.63

	Issues	Volume*
Advances	470	5.18
Declines	1,036	18.64
Unchanged	399	3.74
Total Volume		27.56

* 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 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
April 14, 1980	784.90	102.84	23.06
April 11, 1980	791.55	103.79	29.96
April 10, 1980	791.47	104.08	33.95
April 9, 1980	785.92	103.11	33.02
April 8, 1980	775.00	101.20	31.69
April 7, 1980	768.34	100.19	29.13