News stories from Friday November 10, 1978

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

The expulsion of all foreign workers from Iran's oil fields has been demanded by Iranian strikers who have crippled Iran's oil production. The hostility is increasing rapidly, partly because foreigners are closely identified with the Shah and also because the Shah's opponents have waved crude nationalistic banners that appeal to other Iranians who resent aliens and minorities. [New York Times] The desert is narrowing in Southern California. Lured by cheap land, Californians and people from other states, at the rate of nearly 1,000 a week, are colonizing regions considered barely habitable a few years ago. [New York Times] Damage awards to three persons whose mail was opened by the C.I.A. in a domestic mail-monitoring program have been affirmed by a federal appeals court. The government was ordered to the pay $1,000 to each of the three, and a lawyer for the American Civil Liberties Union said he would ask the government for a general settlement of $1,000 for each of the thousands whose mail was opened. [New York Times] An inspiration to all women was the conclusion reached about her feat by Arlene Blum of Berkeley, Calif., the leader of the first American expedition to scale the 26,545-foot summit of Annapurna in Nepal, one of the world's highest mountain peaks. She led a team of 10 women, two of whom died in a fall after two other members of the team reached the summit Oct. 15. "I knew women could climb big mountains like this before I went, and this re-established it," the 33-year-old Miss Blum said at a news conference in San Francisco. [New York Times] A millionaire pornographer faces murder and racketeering indictments in Atlanta after his arrest in a Bloomfield, Conn., bank. Michael Thevis, one of the F.B.I.'s 10 most wanted fugitives since he escaped from an Indiana jail in April, was caught when he attempted to cash a $31,000 check drawn on an account he held under an assumed name. His companion, Anna Evans of Marietta, Ga., was also arrested. She was waiting in a car that contained $600,000 in cash, $1 million in diamonds and several pistols. [New York Times] Human rights in Argentina are no longer the public issue they had been in relations with the United States, though thousands of political prisoners remain in jail and people disappear each week. The Carter administration has decided after provoking angry reaction from the Argentine military and American businessmen with its criticism and sanctions that quiet persuasion is more likely to succeed. [New York Times] Mideast peace efforts face new delays. Egypt has apparently asked Israel to agree in advance to a detailed timetable for giving up military rule in the West Bank and the Gaza Strip and to turn over control to a Palestinian council, peace conference sources in Washington said. Foreign Minister Dayan of Israel said that President Sadat of Egypt had sent to his delegation "a new list of requests and demands" that would firmly link an Egyptian-Israeli peace treaty to a solution of the Palestinian issue. Israel is opposed to such a link, Mr. Dayan told reporters. [New York Times] The exodus of Indochinese fleeing Communist nations has led the United Nations High Commissioner for Refugees, Poul Hartling, a former Prime Minister of Denmark, to ask governments concerned with the fate of the asylum-seeking Vietnamese, Laotians and Cambodians to attend a conference in Geneva. [New York Times] Global food insurance is again being provided by the United States, as it did through most of the 1950's and 1960's. Billions of bushels of stored grain and bumper crops already harvested or maturing in fields in this country are major elements in the world's present food security, which has improved dramatically since a crisis in 1974 threatened widespread famine, as well as in a promise of some relief for Americans from spiraling prices. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 807.09 (+3.12, +0.39%)
S&P Composite: 94.77 (+0.35, +0.37%)
Arms Index: 0.72

	Issues	Volume*
Advances	974	10.54
Declines	469	3.67
Unchanged	407	2.54
Total Volume		16.75

* 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*
November 9, 1978	803.97	94.42	23.33
November 8, 1978	807.61	94.45	23.56
November 7, 1978	800.07	93.85	25.32
November 6, 1978	814.88	95.19	20.45
November 3, 1978	823.11	96.18	25.99
November 2, 1978	816.96	95.61	41.03
November 1, 1978	827.79	96.85	50.45
October 31, 1978	792.45	93.15	42.72
October 30, 1978	811.85	95.06	59.48
October 27, 1978	806.05	94.59	40.36