News stories from Friday November 5, 1982

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

A new Secretary of Energy was nominated by President Reagan in settling one of a variety of personnel and administrative matters as his adminis-tration reaches midterm. Mr. Reagan's nominee is Donald Hodel, Deputy Secretary of the Interior. White House aides said that Mr. Reagan had persuaded his close friend, Senator Paul Laxalt of Nevada,. to take over as the new chairman of the Republican National Committee. He would succeed Richard Richards, who is stepping down. [New York Times] The jobless rate rose 0.3 percentage points in October to 10.4 percent of the total labor force, the highest rate since the Depression. The Labor Department said there were 11,551,000 Americans out of work. [New York Times] The chief of the Cuban navy and three other high Cuban officials were among 10 people indicted in Miami on charges of importing narcotics into the United States. [New York Times] The normal routes of drug traffickers in southern Florida have been disrupted by the special federal anti-crime force established in Miami in March, according to an assessment of its effectiveness. [New York Times] Gov. James Thompson of Illinois formally claimed victory in the unusually close election for governor after unofficial results appeared to indicate that he won by 9,401 votes out of 3,616,865. Adlai Stevenson III, the Democratic opponent of the Republican Governor, said he was certain that the election canvass on Nov. 22 will make him governor. [New York Times] Change and dissent among Adventists is challenging the church at a time when it has reached unparalleled levels of adherents and wealth. Several other religious movements that originated in the United States, such as the Mormons and Christian Scientists, are facing similar turmoil as social conditions change and better-educated members re-examine their religion. [New York Times] Refusing a federal court order, government prosecutors in Los Angeles paved the way for dismissal of charges against a draft resister, David Alan Wayte of Pasadena, Calif., when they said they would not let the counselor to the President testify in the case and would not make related White House documents available to the defense. [New York Times] A retired executive of Sam Goody was sentenced to a year in prison and the Goody company was fined $10,000 after both pleaded no contest to federal charges of illegal trafficking in counterfeit tape recordings. The pleas by the company and Samuel Stolon, a former vice president, restored convictions more than a year after a federal judge threw out a jury's guilty verdicts, charging the government with misconduct in the case. [New York Times] Five men charged with gun running for the Irish Republican Army were acquitted in federal court in Brooklyn, apparently because the jury believed defense contentions that the Central Intelligence Agency had sanctioned the gun-running operation. No evidence linking the C.I.A. to the operation was offered at the seven-week trial. [New York Times] No major concessions to the U.S. will be made by France and Britain in order to halt American trade sanctions against Western European countries involved in the construction of the Soviet natural gas pipeline, President Francois Mitterrand and Prime Minister Margaret Thatcher announced in Paris. [New York Times] Human rights leaders in Argentina are seeking court orders to have exhumed the nearly 1,000 bodies recently discovered in six cemeteries around Buenos Aires so that identities can be established. [New York Times] Israel will not officially respond to the Reagan administration's denunciation of the government's plan to build five new settlements in the occupied territories, Israeli officials said. The Deputy Minister of Agriculture, Michel Dekel, told the Israeli state radio that the five settlements were part of a master plan for 20 new communities in the next year. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 1051.78 (+1.56, +0.15%)
S&P Composite: 142.16 (+0.31, +0.22%)
Arms Index: 0.75

	Issues	Volume*
Advances	1,017	57.86
Declines	622	26.38
Unchanged	341	12.31
Total Volume		96.55

* 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*
November 4, 1982	1050.22	141.85	149.38
November 3, 1982	1065.49	142.87	137.01
November 2, 1982	1022.08	137.49	104.77
November 1, 1982	1005.70	135.47	73.52
October 29, 1982	991.72	133.71	74.87
October 28, 1982	990.99	133.59	73.59
October 27, 1982	1006.35	135.28	81.66
October 26, 1982	1006.07	134.48	102.07
October 25, 1982	995.13	133.32	83.72
October 22, 1982	1031.46	138.83	101.13