News stories from Thursday April 19, 1979

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

The Shah is not welcome in the U.S. now, according to Carter administration officials. They disclosed that a private American citizen, whom they would not identify, was sent to Morocco last month to tell the exiled Iranian ruler that he could not come to this country at this time because of the delicacy of Iranian-American relations.Ayatollah Khomeini won a showdown with Ayatollah Taleghani, who is regarded as Iran's most liberal revolutionary leader. Ayatollah Taleghani had protested the free-ranging activities of revolutionary militiamen and Islamic committees, but after a marathon meeting among revolutionary leaders, Ayatollah Taleghani appeared on Iranian television and expressed his praise for the national leader. [New York Times] Public ignorance about fallout was reportedly spurred in 1953 by President Eisenhower, according to records of the Atomic Energy Commission just released. The recently declassified data show that he told the commission to keep the public "confused" with its explanations of the radioactive fallout that has aroused concern over serious cancer problems now in southern Utah. Records show that the commission then repeatedly brushed off questions about the health hazards of heavy testing nearby in the mid-1950's. [New York Times] Ronald Reagan is losing support in the South for his presidential aspirations. John Connally and Philip Crane are wooing his admirers with campaigns that portray the Californian as yesterday's hero. Mr. Reagan has suffered defections in Mississippi, Florida and the Carolinas. [New York Times] The San Diego midair collision last fall was attributed mainly to the failure of an airliner crew to keep a small plane in view and to inform controllers when they had lost visual contact, according to a tentative decision by the National Transportation Safety Board. The disaster killed 144 persons. [New York Times] Johnny Carson plans to leave "The Tonight Show" next Sept. 30, after 17 years as its host, he has told NBC. Mr. Carson resisted an urgent appeal by Fred Silverman, president of NBC-TV, to remain on the program, one of television's most successful and profitable. The network has suffered low popularity ratings. [New York Times] Safety officials moved to ground more than 1,000 of the big Sikorsky S-61 helicopters in operation around the world. The federal officials made the recommendation in citing evidence that Wednesday evening's fatal crash of a New York Airways helicopter occurred after a section of a rotor blade with a hidden defect snapped off in mid-flight. The incident at Newark International Airport killed three persons and injured 15. [New York Times] Israel denied backing Lebanese militia forces resisting regular army troops moving into southern Lebanon to restore government authority in the border region. The situation generated confused battles, with heavy exchanges of gunfire between the Lebanese Christian militia units, Palestinian guerrillas and United Nations forces, and also between Palestinians and Israelis. [New York Times] U.S.-Chinese ties have been impaired by a new law regarding Taiwan, a group of Senators was told by Deputy Prime Minister Deng Xiaoping. He said the legislation came close to nullifying the normalization of Peking-Washington relations. The law provided for continued arms sales to Taiwan and affirmed interest in a peaceful resolution of the Taiwan issue. [New York Times] Japan worries about Soviet military moves in the Far East. Prime Minister Masayoshi Ohira seeks an improvement in Japan's defense effort, closer military cooperation with Washington and a tough position against Vietnam, Moscow's ally in the region. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 855.25 (-5.02, -0.58%)
S&P Composite: 101.28 (-0.42, -0.41%)
Arms Index: 1.14

	Issues	Volume*
Advances	620	10.88
Declines	807	16.13
Unchanged	479	4.14
Total Volume		31.15

* 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, 1979	860.27	101.70	29.51
April 17, 1979	857.93	101.24	29.27
April 16, 1979	860.45	101.12	28.05
April 12, 1979	870.50	102.00	26.78
April 11, 1979	871.71	102.31	32.87
April 10, 1979	878.72	103.34	31.90
April 9, 1979	873.70	102.87	27.30
April 6, 1979	875.69	103.18	34.72
April 5, 1979	877.60	103.26	34.54
April 4, 1979	869.80	102.65	41.94