News stories from Thursday March 8, 1979

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

A Mideast treaty is still blocked by "unresolved issues," according to a statement issued in Cairo after President Carter and President Sadat had conferred for two and a half hours. A White House official said it was "too early to tell" whether Mr. Carter's mission to the Middle East, which began with his arrival in the Egyptian capital, would bring about a peace treaty with Israel.President Carter was greeted by tens of thousands of Cairenes along his route from the airport. They were friendly, curious and hopeful for peace. Many chanted, clapped and waved flapping cloth banners with carefully lettered signs linking the visitor to love, justice and an end to war. Prime Minister Begin was in high spirits on his return to Jerusalem from Washington. He said that a peace accord would be signed with Egypt if Cairo approved the proposals worked out this week between Israeli and American leaders. [New York Times] A stronger commitment to Taiwan lost in the Senate. Voting 50 to 47, the chamber rejected an attempt to include such a pledge in legislation to implement normal links with China. [New York Times] Senators delayed an income curb. After minutes of debate, the Senate, by voice vote, approved a four-year postponement of a rule that limits outside income to members' $57,500 annual salaries. The stricter limit, $8,625, had been in effect since Jan. 1. The main sponsors, Daniel Patrick Moynihan of New York and Ted Stevens of Alaska, argued that the new curb would force those not independently wealthy to leave the Senate. [New York Times] Protestant unity gained as the Consultation on Church Union, an ecumenical body, approved policies designed to foster mutual acceptance of members among 10 major denominations. The recognition of common membership is considered essential to the development of a common clergy and establishment of a single church. [New York Times] Far broader domestic surveillance was conducted by the C.I.A. during the Vietnam War than was previously known, according to once classified documents recently released by the agency. The documents reveal that the agency indexed about 50,000 members of the California Peace and Freedom Party, an antiwar group. [New York Times] A dispute over he 1980 census is mounting. The Census Bureau is at odds with local officials and minority leaders over whether new techniques will reduce the undercount of poor people and members of minority groups in previous headcounts. Census officials say their plan is the best possible with available funds -- nearly $1 billion, or four times the cost of the 1970 census. Two inquiries largely agreed, but critics remain skeptical. [New York Times] Healthy men often stop breathing for 10 to 54 seconds when they sleep, according to a research study. The researchers said they did not know why the phenomenon occurred, but they said it could lead to new research into conditions, such as heart disease, that affect more men than women. [New York Times] Two gunmen seized a restaurant in Manhattan, sexually assaulted two women and stole $5,000. The cool, methodical gunmen carried out the crimes at Nathan's Fifth Avenue, at 58th Street, where they mingled with customers and then announced a holdup shortly after the closing time, when the doors are locked. [New York Times] Iranian leaders faced a critical meeting. Prime Minister Bazargan left Teheran to confer with Ayatollah Khomeini in the religious center of Qum, where the Moslem leader moved last week. The two leaders' dissatisfaction with each other's groups have been mounting. In an attack on Mr. Bazargan's government, the Ayatollah charged Wednesday, "You are weak, mister." [New York Times] Chinese troops are withdrawing from Vietnam, according to Western analysts, who said that the forces were destroying transport and other facilities as they retreat. [New York Times] Uganda faced a rising threat. An offensive by Tanzanian troops and Ugandan exiles that seeks to oust President Idi Amin met little resistance as it moved toward the capital of Kampala. The well-armed invading force was reported to be advancing 30 miles outside the capital. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 844.85 (+10.56, +1.27%)
S&P Composite: 99.58 (+1.14, +1.16%)
Arms Index: 0.40

	Issues	Volume*
Advances	1,041	24.31
Declines	441	4.10
Unchanged	383	3.59
Total Volume		32.00

* 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*
March 7, 1979	834.29	98.44	28.94
March 6, 1979	826.58	97.87	24.50
March 5, 1979	827.36	98.06	25.96
March 2, 1979	815.75	96.97	23.13
March 1, 1979	815.84	96.90	23.84
February 28, 1979	808.82	96.28	25.09
February 27, 1979	807.00	96.13	31.47
February 26, 1979	821.12	97.67	22.62
February 23, 1979	823.28	97.78	22.75
February 22, 1979	828.57	98.33	26.30