News stories from Monday October 13, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Iraqi forces seemed to be advancing and to be establishing secure positions less than 10 miles from the battered Iranian oil refinery center of Abadan despite heavy artillery fire from the defenders. A diplomatic gain for Iraq apparently resulted from King Hussein's visit to Saudi Arabia last week. Jordanian officials and foreign diplomats said that the monarch had won a tacit assent from the Saudis that their port at Jidda would handle cargo bound for Iraq if the Jordanian harbor at Aqaba became overburdened. [New York Times]
- Ronald Reagan has trouble in Illinois. Modest gains by President Carter and uncertainty about Mr. Reagan's leadership seem to have set back his hopes for a victory in the state. Interviews with voters and comments by Republican as well as Democratic politicians indicate that the President's attacks on Mr. Reagan, especially on the war and peace issue, have had an impact, particularly with women, and are forcing Republican strategists to increase their efforts among undecided voters in the suburbs. [New York Times]
- Mr. Carter pursued Jews and Italians and undecided votes in a 15-hour campaign swing in New York and the Middle West. In a day designed to highlight his administration's record on energy, the President visited a coal mine in southern Illinois and fielded questions, many of them on energy, at a town hall meeting at the University of Missouri campus in St. Louis. [New York Times]
- Ronald Reagan sought support in California's conservative strongholds, reaffirming his views on the dangers of federal involvement in education. But his views on air pollution and women's rights produced problems in the smoke-choked area around Claremont. Students from the six colleges there chanted hostile slogans throughout his education speech. [New York Times]
- Politics punctuated Columbus Day as usual at the annual parade in Manhattan. About three blocks behind Luciano Pavarotti, the tenor, who was dressed like Columbus and mounted on a big brown horse, President Carter marched up Fifth Avenue. Also marching were John Anderson, the independent presidential candidate, and George Bush, the Republican candidate for Vice President. [New York Times]
- A second allegation of cocaine use by Tim Kraft, who is now on leave as President Carter's campaign manager, is being investigated by a special prosecutor, according to a federal court. The first allegation cited a New Orleans incident in August 1978 and the second one involved San Francisco about three months later. [New York Times]
- A blast killed four children and an adult in a day-care nursery at an all-black housing complex in Atlanta. Six people, four of them children, were seriously injured. Mayor Maynard Jackson stressed that the explosion in a gas-fired boiler appeared to be an accident. Atlanta's black community is deeply troubled because of the murders of eight black children and the disappearance of six others, believed kidnapped, in the last 15 months. [New York Times]
- A Congressman will remain in the race for re-election despite his conviction last week on bribery and conspiracy charges arising from the Abscam investigation. However, the Representative, John Jenrette, a South Carolina Democrat, said he would submit a letter of resignation to take effect if he loses appeals. [New York Times]
- Cuba said it would pardon Americans serving terms in Cuban jails. A House committee and a Cuban diplomat in Washington negotiated the release of the prisoners, which Havana termed a good-will gesture. The State Department said that 33 United States citizens should be released soon. [New York Times]
- Moscow suffered a diplomatic defeat as the United Nations General Assembly rejected an attempt to expel the representative of the ousted Pol Pot regime from Cambodia's seat. [New York Times]
- Israel has made a concession to Egypt to narrow their differences over Palestinian self-rule on the eve of the formal resumption of negotiations on the issue, United States officials said. Israel agreed that local Palestinians should have a voice in determining the land policy for the occupied West Bank and Gaza, including whether new Jewish settlements can be built there. [New York Times]
- Israel rebuked France on the issue of anti-Semitism. Speaking to Parliament, Prime Minister Begin charged that the Paris government had created an atmosphere conducive to hostility toward Jews because of its repeated criticism of Israel. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 959.90 (+9.22, +0.97%)
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 10, 1980 | 950.68 | 130.29 | 44.03 |
| October 9, 1980 | 958.96 | 131.04 | 43.98 |
| October 8, 1980 | 963.99 | 131.65 | 46.58 |
| October 7, 1980 | 960.67 | 131.00 | 50.31 |
| October 6, 1980 | 965.70 | 131.73 | 50.12 |
| October 3, 1980 | 950.68 | 129.33 | 47.50 |
| October 2, 1980 | 942.24 | 128.09 | 46.16 |
| October 1, 1980 | 939.42 | 127.13 | 48.71 |
| September 30, 1980 | 932.42 | 125.46 | 40.29 |
| September 29, 1980 | 921.93 | 123.54 | 46.40 |