News stories from Thursday September 18, 1980

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

A U.S. apology to Iran was ruled out by President Carter. At a news conference he said that the preservation of American honor and integrity precluded such an action. The President's strongly worded statement appears likely to touch off new recriminations from members of Iran's Parliament who have insisted that an apology was a prerequisite for the release of the 52 American hostages. [New York Times] The House rebuffed President Carter in voting 298 to 98 to bar the proposed shipment of 38 tons of enriched uranium to India. The Senate is to consider the issue on Tuesday. India, which exploded a nuclear device in 1974, has rejected international inspections and prohibitions on nuclear arms. [New York Times] President Carter tempered criticism of Ronald Reagan in response to questions by reporters about some harsh language that has seemed to accuse his Republican opponent of racism. The President said he did not believe that Mr. Reagan was "a racist in any degree," but he repeated a contention that the Republican had injected certain "code words" into the campaign that should not be used. [New York Times] The world's largest airport terminal was ceremonially opened in Atlanta and will begin operations early Sunday. The gleaming, $500 million complex is projected to accommodate more passengers than any other in the world by the mid-1980's. For two decades, air travel provided by Atlanta has been a significant factor in corporate decisions to locate facilities in Atlanta's part of the Sun Belt. [New York Times] The financial troubles of a county and its monetary and political disputes with Michigan remained unresolved as the end of a sixth successive deficit year approached. About 3,700 employees of Wayne County, which includes Detroit and is the nation's third most populous county, may go without paychecks again tomorrow. [New York Times] More federal aid for New York City was urged by Governor Carey as he led the Financial Control Board in approving unanimously a four-year financial plan for the city that envisions significant, but uncertain, increases in assistance from Washington. [New York Times] A slight cooling effect on the weather around the world may result from the eruptions from Mount St. Helens in the state of Washington, according to scientists. They said they had discovered two distinct layers of airborne particles from the eruptions suspended in the upper atmosphere and extending across the country. [New York Times] A major Soviet nuclear test has been protested by the United States, according to Carter administration officials. They said American experts believed that the underground detonation last Sunday exceeded the limits set by a 1974 Soviet-American agreement. The accord prohibits testing of nuclear weapons exceeding 150 kilotrons in destructive power. [New York Times] Cuban cooperation to curb hijacking was demonstrated as Havana, for the first time in almost 20 years of the diversion of flights, speedily turned over two prisoners to United States authorities. The two Cuban refugees forced an American airliner to fly to Cuba on Wednesday. [New York Times] A constitution for Canada will be sought by the government despite the lack of an accord with the 10 provinces. Parliament will be convened ahead of schedule to consider proposals that are said to include wresting control of Canada's constitutional rights from Britain's Parliament, a formula to amend the charter later and provisions to insure language rights for the English minority in Quebec and the French minority in the other provinces. [New York Times] Iranian-Iraqi clashes accelerated along their frontier. Iran denounced Iraq for abrogating their 1975 border accord and said it would never accept Iraqi claims on what it termed Iranian territory. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 956.48 (-4.78, -0.50%)
S&P Composite: 128.40 (-0.47, -0.36%)
Arms Index: 1.02

	Issues	Volume*
Advances	717	24.42
Declines	876	30.39
Unchanged	350	8.58
Total Volume		63.39

* 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*
September 17, 1980	961.26	128.87	63.99
September 16, 1980	945.90	126.74	57.28
September 15, 1980	937.63	125.67	44.63
September 12, 1980	936.52	125.54	47.18
September 11, 1980	941.30	125.66	44.77
September 10, 1980	938.48	124.81	51.45
September 9, 1980	934.73	124.07	44.46
September 8, 1980	928.58	123.31	42.04
September 5, 1980	940.96	124.88	37.99
September 4, 1980	948.81	125.42	59.02