News stories from Tuesday October 5, 1982

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

A recall of Tylenol capsules from stores across the country and a halt in production was announced by the manufacturer after reports that a California man was stricken after taking Tylenol capsules laced with strychnine. In Chicago, a massive federal, state and local law enforcement team continued a methodical hunt for a "madman" or "random killer" who, officials say, removed the Tylenol powder and substituted cyanide, killing seven persons. [New York Times] Tamper-resistant packaging for all non-prescription drugs will be pressed by the federal government and the pharmaceutical industry. Spokesmen said they would work together to develop federal regulations requiring the safer packaging. Most options, according to a packaging expert, involve designs that will make it immediately evident if a bottle or the pills inside have been tampered with. [New York Times] Reduced food stamp benefits for people who are 60 to 64 years old has been proposed by the Reagan administration. Officials are also considering a plan to eliminate meal subsidies for orphanages, homes for mentally retarded children and other residential institutions for child care. [New York Times] Republicans' advantages in financing congressional campaigns were reflected in a Federal Election Commission report. It showed that the Republican incumbents, challengers and others in all races had spent more on average and over all than the Democrats in each category. [New York Times] The issue of abortion is dominating the campaign of Senator Jim Sasser, Democrat of Tennessee. His Republican opponent, Representative Robin Beard, and right-wing groups are hammering away at Mr. Sasser's vote to break a Senate tie and defeat a bill that would have banned virtually all abortions. The outcome of the race offers a major opportunity to measure the political impact of social issues pressed by conservatives. [New York Times] Detroit teachers returned to the classrooms after a 22-day strike in advance of a formal ratification vote. Negotiators reached a tentative settlement by submitting all unresolved issues to binding arbitration. [New York Times] Four Salvadorans suffocated after smugglers abandoned a truckload of illegal aliens in the stifling south Texas desert. Officials said there were 12 survivors, also Salvadorans. Eight were hospitalized. [New York Times] Lebanese army soldiers conducted their first intensive search of downtown West Beirut, sealing off commercial and residential streets and taking scores of people into custody. Unofficial estimates put the number of those detained at more than 400. [New York Times] Sweden said it had trapped what it suspects is a Soviet submarine in coastal waters near a secret Swedish naval base. It said it was dropping depth charges to force the vessel to the surface. [New York Times] A break in three Salvadoran murders led to new controversy. Two former corporals confessed they had killed two American labor officials and a Salvadoran union leader at a San Salvador hotel 21 months ago, but a Salvadoran judge ruled there was "insufficient evidence" to hold a politically influential lieutenant whom the corporals had sworn was among three men who ordered the murders. The United States Embassy said it was "dismayed and incredulous." [New York Times]

Stock Market Report

Dow Jones Industrial Average: 907.19 (+3.58, +0.40%)
S&P Composite: 121.98 (+0.47, +0.39%)
Arms Index: 0.94

	Issues	Volume*
Advances	950	38.62
Declines	535	20.44
Unchanged	451	10.71
Total Volume		69.77

* 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 4, 1982	903.61	121.51	55.65
October 1, 1982	907.74	121.97	65.00
September 30, 1982	896.25	120.42	62.61
September 29, 1982	906.27	121.63	62.54
September 28, 1982	919.33	123.24	65.90
September 27, 1982	920.90	123.62	44.83
September 24, 1982	919.52	123.32	54.59
September 23, 1982	925.77	123.81	68.24
September 22, 1982	927.61	123.99	113.09
September 21, 1982	934.79	124.88	82.89