News stories from Friday July 11, 1980

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

The American hostage who was freed in Iran on humanitarian grounds by Ayatollah Khomeini arrived in Zurich where he was hospitalized for what appeared to be a neurological disorder. American and Swiss physicians, including a psychiatrist, began examinations of Richard Queen, a 28-year-old vice consul.The whereabouts of Cynthia Dwyer, taken hostage in Iran on May 5, remains unknown. A resident of Buffalo, she went to Iran in April with credentials as a freelance journalist. Early in May, she was taken from a Teheran hotel by revolutionary guards. The Iranian government told the Swiss Embassy in Teheran that Mrs. Dwyer had been arrested and accused her of being a C.I.A. agent. [New York Times] The venting of krypton was completed at the damaged Three Mile Island reactor in Pennsylvania. It took 13 days, half the time expected. The government said residents in the area had been exposed to radiation that was no more than 4 percent of the offically permissible level. Residents who had left when the venting was begun started to return. [New York Times] Jean Harris's attempt to upset her indictment in the murder last March 10 of Dr. Herman Tarnower was turned down in New York State Supreme Court in White Plains, where most of defense's pre-trial motions were denied. Mrs. Harris and her lawyer had sought to suppress alleged evidence, mostly letters, found in her home at the Madeira School in Virginia where she had been headmistress. They also challenged the finding of the grand jury that indicted Mrs. Harris, who has been released on bail. Her trial probably will be held in September. [New York Times] The unemployment insurance system is being forced into deeper debt to keep up payments to millions of people who have lost their jobs in the recession. It may have to borrow from the United States Treasury for the second time since it was established in 1935. [New York Times] The Supreme Court's commitment to civil rights was maintained despite sharp divisions, emotionally charged cases and intense public scrutiny that marked its recent session. In addition to standing fast to its commitment, the Court also devised some new tools for enforcing civil rights. [New York Times] John Anderson's visit to Israel ended after a tour of East Jerusalem, a largely Arab district. He was accompanied by Israeli officials to demonstrate his support for Israeli sovereignty over the entire city. The independent presidential candidate also visited Prime Minister Menachem Begin, who is in a hospital recovering from a heart attack. Mr. Anderson spent three and a half days in Israel. He flew to Egypt and later will go to West Germany, France and Britain. [New York Times] Iran announced the arrest of 17 officers who, it said, had been participants in a plot by air force officers to overthrow the government. The government announced Thursday that it had broken up the plot. The 17 officers, attached to armored divisions, were placed on trial, the announcement said. Some of the air force officers who had been seized reportedly were executed. [New York Times] A tougher stand against dissidents in Yugoslavia after the death of President Tito may have been signaled by a recent editorial in a Belgrade newspaper that castigated Milovan Djilas, Yugoslavia's best known dissident, who spent nine years in prison. The editorial called him an "instrument or mouthpiece of every hostile propaganda against Socialist Yugoslavia." Another attack on Mr. Djilas was made by a senior Yugoslav Communist Party official. [New York Times] Turkish troops raided a town alleged to be an extreme leftist revolutionary center. They took the Mayor of Fatsa, which is near the Black Sea, and 400 residents into custody. The Mayor was known to be a radical leftist and was trying to run his town along the lines of a socialist commune. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 891.13 (+5.21, +0.59%)
S&P Composite: 117.84 (+0.89, +0.76%)
Arms Index: 0.64

	Issues	Volume*
Advances	914	22.87
Declines	592	9.54
Unchanged	396	5.90
Total Volume		38.31

* 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*
July 10, 1980	885.92	116.95	43.73
July 9, 1980	897.27	117.98	52.00
July 8, 1980	897.35	117.84	45.83
July 7, 1980	898.21	118.29	42.54
July 3, 1980	888.91	117.46	47.23
July 2, 1980	876.02	115.68	42.85
July 1, 1980	872.27	114.93	34.34
June 30, 1980	867.92	114.24	29.90
June 27, 1980	881.83	116.00	33.11
June 26, 1980	883.45	116.19	45.10