News stories from Monday April 23, 1979

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

Closing some reactors was urged by two senior technicians of the Nuclear Regulatory Commission. They advised the panel to reverse an earlier decision and shut down nuclear reactors made by the company that designed the reactor involved in the March 28 accident in Pennsylvania. On the advice of another senior technician, the five commissioners postponed a decision. [New York Times] Leukemia followed nuclear tests in Nevada, according to a woman who said that her husband and son were stricken with the disease after fallout from the 1950's tests passed over their ranch. The son died of the disease. The woman testified before a joint congressional committee. [New York Times] Newspaper advertising revenues rose by 14 percent last year to almost $13 billion, daily newspaper circulation increased for the third successive year and 200 weekly papers have started up since last year, members of the American Newspaper Publishers Association were told. But Al Neuharth, head of the group, deplored court rulings curbing freedom of the press. [New York Times] The solution of 10 strangler murders in the hillside area of Los Angeles was announced by law enforcement officials, who named a 27-year-old native of Rochester, N.Y., who professes to have a "multiple personality" as one of possibly two or more men allegedly involved in the deaths. [New York Times] Prime-time adult specials will be shown on his satellite network for cable systems, according to Ted Turner, the Atlanta sportsman and broadcaster. He said that, besides increasing the number of programs on his wide-ranging network, he would offer news and daily children's shows. [New York Times] Rhodesia's election was set back markedly as the Rev. Ndabaningi Sithole, one of two men vying to be the country's first black prime minister, denounced the voting as fraudulent and said that his party would refuse to accept the results pending an inquiry. As unofficial returns showed a wide lead for his principal rival, Mr. Sithole charged that candidates loyal to him had reported "gross irregularities" in balloting. [New York Times] Israel disregarded American warnings and formally approved two new Jewish settlements in the occupied West Bank of the Jordan, according to State Department officials. [New York Times] Saudi Arabia broke ties with Egypt. The Saudis, who have been Cairo's main Arab financial backer, announced that they had severed diplomatic and political relations, but said nothing about economic links. [New York Times] A new Soviet missile is being deployed in East Germany in a step that Carter administration officials describe as raising the risk of an accelerated arms race in Europe. The weapon is said to be the first new nuclear-armed missile deployed in Eastern Europe in more than a decade. [New York Times] An Iranian general was assassinated. The first army Chief of Staff after the triumph of the Islamic revolution in February was fatally shot at his home in Teheran by three unidentified men. The army leader resigned March 27. Government officials said they feared the beginning of a wave of political violence against other government figures by radical groups dissatisfied with the new regime. [New York Times] China is pressing a birth-control drive as its population rapidly approaches one billion. The authorities are trying to reduce the rate of population growth to 1 percent by 1980 in the most drastic such campaign since the Communists seized power in 1949. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 860.10 (+3.12, +0.36%)
S&P Composite: 101.57 (+0.34, +0.34%)
Arms Index: 0.88

	Issues	Volume*
Advances	778	12.75
Declines	644	9.33
Unchanged	482	3.53
Total Volume		25.61

* 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 20, 1979	856.98	101.23	28.83
April 19, 1979	855.25	101.28	31.12
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