News stories from Wednesday September 3, 1980

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

Conflicting testimony on Billy Carter was indicated in a Senate staff document. It suggested that Attorney General Benjamin Civiletti may have instructed Justice Department investigators to put off action against Mr. Carter to give Mr. Civiletti time to talk with President Carter about the ties between his brother and Libya. Mr. Civiletti reportedly testified he did not recall issuing such instructions. [New York Times] President Carter visited Philadelphia, strolling through the Italian Market section and shaking hundreds of hands. Although many people along the President's campaign route in the Democratic stronghold conceded they were unhappy with his first-term performance, they made it clear they would not vote for Ronald Reagan. [New York Times] Carter policies on Israel were assailed by Ronald Reagan, who accused the President of having broken faith with that country. In a speech to the B'nai B'rith convention in Washington, the Republican presidential nominee noted that President Carter had agreed to sell 60 F-15 jet fighters to Saudi Arabia, 100 battle tanks to Jordan and had also provided engines for Iraqi Navy ships. [New York Times] John Anderson stressed the economy, saying that he proposed specifics while the major-party presidential candidates offered only "sophistry and simplicity." At a rally in Detroit, the independent candidate for President called for tax credits to spur the renewal of industry in depressed areas and the rebuilding of cities. [New York Times] St. Louis schools were desegregated peacefully after an eight-year struggle. More than 16,000 pupils were bused to the public schools on the first day of a court-ordered program. There was no violence and little confusion. [New York Times] The trial of a Congressman opened in Federal District Court in Washington. The judge began selecting jurors who will try Representative John Jenrette, Democrat of South Carolina, on bribery and conspiracy charges. It is the second trial arising from the undercover federal investigation of alleged political corruption. [New York Times] Abbie Hoffman said he will surrender tomorrow to the federal authorities who have sought him for six years on a charge of selling cocaine to undercover policemen. The 43-year-old former Yippie and antiwar activist has been in hiding for the last four years on a tiny upstate New York island. [New York Times] Safeguards for intelligence agents were backed by the House Judiciary Committee. It opposed strongly attempts to narrow the scope of a bill that could make the publication of non-secret information a crime if it revealed the identity of a "covert agent" of a government agency. The House is expected to approve the measure by a large majority. The legislation is also pending in the Senate. [New York Times] Polish coal miners returned to work after their grievances were settled, and the labor turmoil that has gripped the country for nearly three weeks seemed to be ending.American union aid to Polish workers is planned, according to labor sources, who said that the A.F.L.-C.I.O. intends to send money directly to the Poles to help them build their new independent trade union movement. However, Secretary of State Muskie urged the federation not to proceed with the plan because of concern that Moscow might cite such aid as a pretext for intervening to quash or weaken the accords between Polish workers and their government. [New York Times] Egypt and Israel are to resume talks within a few weeks on Palestinian autonomy in the occupied West Bank and Gaza and have agreed to join with the United States in a summit meeting before the end of the year. The announcement was made by Sol Linowitz, the special American envoy, after he met with President Sadat of Egypt. In Te! Aviv, Prime Minister Begin said that Israel was satisfied with the "positive" developments. [New York Times] French fishermen were offered a plan by their leaders, employers and the government to settle a month-long strike, but trawlermen at the key port of Boulogne put off until Friday a decision on whether to accept the formula. [New York Times] Unthinkable events at a cricket match shook the time-honored Victorian rectitude on the green. The centenary test between Britain and Australia was marked by excessive drinking and even hooliganism as someone grasped an umpire by the throat and someone hit the English captain on the head. The Times of London inquired on its front page: "Has civilization as we know it ended?" [New York Times]

Stock Market Report

Dow Jones Industrial Average: 953.16 (+12.38, +1.32%)
S&P Composite: 125.66 (+1.92, +1.55%)
Arms Index: 0.51

	Issues	Volume*
Advances	1,355	44.40
Declines	307	5.12
Unchanged	269	2.85
Total Volume		52.37

* 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 2, 1980	940.78	123.74	35.30
August 29, 1980	932.59	122.38	33.50
August 28, 1980	930.38	122.08	39.89
August 27, 1980	943.09	123.52	43.97
August 26, 1980	953.41	124.84	41.70
August 25, 1980	956.23	125.16	35.39
August 22, 1980	958.19	126.02	58.21
August 21, 1980	955.03	125.46	50.77
August 20, 1980	945.31	123.77	42.56
August 19, 1980	939.85	122.60	41.93