News stories from Tuesday February 6, 1979

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

During jury deliberations in the trial of Representative Daniel Flood, the lone juror holding out for acquittal told the others he had received information that was damaging to three witnesses who testified against Mr. Flood. The judge in the case, which ended in mistrial, said he would have "demanded a jury tampering" inquiry had the panel not been sequestered. [New York Times] The drive for a balanced budget to be mandated by a constitutional convention may have been overestimated. Two key Democratic Senators reported that only 14 or 16 states of the 34 required had submitted valid requests to Congress for such a convention. Most reports have said that 26 or 27 states had given such approval. [New York Times] A gala for older cities was announced jointly by the White House and the Federal National Mortgage Association. They said that funds available for residential loans in older urban areas had been increased by $500 million, to total $700 million. [New York Times] Cesar Chavez is being criticized by others in the farm-labor movement who contend that he is trying to monopolize it and prevent them from receiving financial aid from Washington and private foundations. A number of the labor leader's top aides have resigned, accusing him of barring dissent, refusing to share authority and requiring them to take part in modified verbal abuse sessions. [New York Times] Sara Jane Moore was back in prison in Alderson, W. Va., after a brief escape from the federal facility. Miss Moore is serving a life sentence for a 1975 attempt to kill President Ford. [New York Times] Nelson Rockefeller suffered his heart attack on Jan. 26 at 10:15 P.M., an hour before emergency aid was called at 11:16 P.M., sources close to the Rockefeller family said, contradicting earlier accounts by family spokesmen. One source said Megan Marshack, the staff aide who called the police at 11:16, had called a friend in the same building as Miss Marshack to ask her to summon help. [New York Times] Henry Kissinger's political future stirred new speculation after a report that he had talked with the Connecticut Republican chairman about possibly running for the Senate there. Earlier reports said that the former Secretary of State was considering running for the Senate in New York. [New York Times] Thousands of Iranians marched peacefully through Teheran to celebrate the day-old "provisional" government set up by Ayatollah Khomeini, as the legal government pushed major legislation through a Parliament denounced by the Moslem leader as "illegal." The legislators abolished the intelligence agency and approved a bill permitting jury trials of former leaders accused of corruption or abuse of power under the Shah.Islamic cooperative stores are a key weapon in Ayatollah Khomeini's drive to maintain the general strike in Iran aimed at bringing down the present government and setting up an Islamic republic. The stores sell food at wholesale prices or less. [New York Times] Efforts to save Zulfikar Ali Bhutto from the gallows were pressed by his lawyers after Pakistan's Supreme Court upheld, by 4 to 3, a death sentence given to the former Prime Minister for complicity in a 1974 political murder. The court also upheld the death penalty for four other men convicted in the case. [New York Times] President Carter warned Vietnam indirectly when he told the visiting Prime Minister of Thailand that Washington remained "deeply committed" to the inviolability of Thai borders. Meanwhile, American intelligence analysts said they believed that Thailand was allowing China to resupply Cambodian troops through Thai ports and possibly airfields, in their resistance against Vietnamese troops. [New York Times] A key leader of Rhodesian guerrillas who control much of the country said his movement was heading toward victory. Robert Mugabe said in Mozambique that he would not negotiate with the white or black Rhodesian leaders who had joined in the present accord for limited black rule. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 822.85 (-1.13, -0.14%)
S&P Composite: 98.05 (-0.04, -0.04%)
Arms Index: 0.74

	Issues	Volume*
Advances	693	11.03
Declines	722	8.53
Unchanged	447	4.01
Total Volume		23.57

* 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*
February 5, 1979	823.98	98.09	26.49
February 2, 1979	834.63	99.50	25.35
February 1, 1979	840.87	99.96	27.92
January 31, 1979	839.22	99.93	30.33
January 30, 1979	851.78	101.05	26.91
January 29, 1979	855.77	101.55	24.18
January 26, 1979	859.75	101.86	34.24
January 25, 1979	854.64	101.19	31.45
January 24, 1979	846.41	100.16	31.71
January 23, 1979	846.85	100.60	30.18