News stories from Monday September 15, 1980

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

No speedy end of the hostage crisis is likely in the light of recent statements by Ayatollah Khomeini and other Iranian leaders, according to Secretary of State Edmund Muskie. Speaking at a news conference, he reflected the view of administration experts that political ferment in Iran was continuing and that it was premature to expect an early release of the 52 Ameri-can captives.A hard-line stance on the hostage issue was affirmed by the Speaker of Iran's Parliament. He said that Washington would "definitely" have to apologize for past involvement in Iran to gain the release of the captives. [New York Times] The OPEC nations were deadlocked over the issues of setting a single price for oil and a long-term policy for raising prices after the first day of a ministerial meeting in Vienna. Saudi Arabia's oil minister insisted that his country would make no decisions on reducing production or raising prices until the oil exporting cartel agreed on a long-term pricing strategy. [New York Times] An accord on the format for a debate between Ronald Reagan and John Anderson was reached by representatives of the presidential candidates. The aides said it was hoped that President Carter would change his mind and join in next Sunday's hour-long televised session. The President charged that Ronald Reagan had been "muzzled" by his political aides to avoid any further gaffes in campaign remarks. [New York Times] Republican unity was demonstrated by Ronald Reagan and the party's congressional delegation and candidates who pledged a unified approach to the nation's problems if the Republicans win control of the White House and Congress. The pledges call for cutting spending and taxes. [New York Times] Confusion over busing in Los Angeles was widespread as about 70,000 pupils, or nearly one-eighth of the school population of 538,000, were uncertain over where they were to attend opening classes on Tuesday. The latest controversy in a 17-year dispute results from a series of 11th hour appeals by the anti-busing forces on the school board who have sought to block federal court-ordered desegregation plans. [New York Times] A political struggle over abortion has been signaled by Humberto Cardinal Medeiros, the Archbishop of Boston. In a pastoral letter read from the pulpit of the 410 churches in the nation's third-largest archdiocese, the Archbishop warned parishioners not to vote in tomorrow's primaries for candidates who favor permitting abortions and stopped just short of calling a vote for such a candidate a mortal sin. [New York Times] The risk of heart attacks can be cut by changing a stressful way of living, according to preliminary indications from a major study. The suggestion that an achievement-oriented, competitive behavior pattern termed "Type A" could cause heart attacks was made in 1958 by two cardiologists, but for years was rejected or ignored by most heart researchers. [New York Times] A Soviet soldier has sought asylum in the American Embassy in Afghanistan, State Department officials said. The embassy was said to have expressed concern that Soviet or Afghan forces might try to enter the building to get the soldier back. [New York Times] Third-world countries were set back in their hopes of receiving billions of dollars in goods and services from the industrialized nations. Three weeks of bargaining ended in a failure to agree on ground rules for negotiations. The divisive issue involved the final authority for decisions. [New York Times] Communist Party corruption in Poland must be halted, according to an editorial in the party's newspaper. Diplomats and Polish sources regarded the unusually blunt demand as a sign that a faction of the leadership was seeking a far-reaching purge. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 937.63 (+1.11, +0.12%)
S&P Composite: 125.67 (+0.13, +0.10%)
Arms Index: 0.84

	Issues	Volume*
Advances	757	21.35
Declines	762	17.98
Unchanged	396	5.30
Total Volume		44.63

* 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*
September 12, 1980	936.52	125.54	47.18
September 11, 1980	941.30	125.66	44.77
September 10, 1980	938.48	124.81	51.45
September 9, 1980	934.73	124.07	44.46
September 8, 1980	928.58	123.31	42.04
September 5, 1980	940.96	124.88	37.99
September 4, 1980	948.81	125.42	59.02
September 3, 1980	953.16	125.66	52.35
September 2, 1980	940.78	123.74	35.30
August 29, 1980	932.59	122.38	33.50