News stories from Tuesday October 2, 1979

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

The Pope swept through New York City preaching peace and pausing beyond the cheering crowds at the hamlets of the poor. Throughout the day, Pope John Paul II blessed and greeted the crowds that shouted his name in rhymes and ethnic salutes. His visit here opened with an address to the United Nations, and ended on an emotional, liturgical theme at a solemn evening mass for 80,000 people at Yankee Stadium.The Pope addressed the United Nations, and suggested that the Camp David accord was a "first stone" in the effort to build peace in the Middle East, which he said must depend on "just settlement" of Palestinian rights. He also advanced the rising importance of justice and human rights in the mission of the Catholic Church. [New York Times] Banners and badges in all languages greeted Pope John Paul II as throngs of New Yorkers of all beliefs and ethnic origins gathered jubilantly along the streets and in appointed places to celebrate the first papal visit to New York City since 1965.A papal mass at Yankee Stadium, the second such mass in the stadium's history, drew more than 80,000 people, the largest stadium crowd since the 1965 visit of Pope Paul VI. [New York Times] Southern governors scoff at warnings from the Carter campaign camp that a Kennedy-Carter contest for the Democratic presidential nomination would divide and damage the party. Even the governors who favor the President are not upset by the idea of a challenge by Senator Edward Kennedy. [New York Times] Proposals to increase privacy safeguards for millions of Americans holding insurance policies or using credit cards were sent to Congress by the Carter administration. But some critics charge that the administration's bill spelling out the powers of the Federal Bureau of Investigation would undermine the proposed controls. [New York Times] The fate of the arms treaty is uncertain because the Senate is deeply divided on the issue of President Carter's handling of the problem of the Soviet troops in Cuba. Some Republican and Democratic Senators indicated that they saw approval of the treaty as linked to resolution of the combat brigade issue.Encouraged by Moscow's reaction to his speech Monday night, President Carter says he thinks that over time the Soviet Union might change the combat nature of its controversial brigade in Cuba. Mr. Carter is also saying he feels he has broken the logjam on the arms treaty with the Soviets. [New York Times] Eat less fat and more fiber, drink less alcohol and avoid being overweight and the risk of cancer can be reduced, according to the director of the National Cancer Institute. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 885.32 (+12.37, +1.42%)
S&P Composite: 109.59 (+1.03, +0.95%)
Arms Index: 0.61

	Issues	Volume*
Advances	932	24.80
Declines	548	8.90
Unchanged	419	4.61
Total Volume		38.31

* 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*
October 1, 1979	872.95	108.56	24.98
September 28, 1979	878.58	109.32	35.96
September 27, 1979	887.46	110.21	33.12
September 26, 1979	886.35	109.96	37.70
September 25, 1979	886.18	109.68	32.41
September 24, 1979	885.84	109.61	33.79
September 21, 1979	893.94	110.47	52.38
September 20, 1979	893.69	110.51	45.10
September 19, 1979	876.45	108.28	35.37
September 18, 1979	874.15	108.00	38.75