News stories from Monday November 19, 1979

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

Washington demanded the release of all the remaining hostages in Teheran and said that a trial of any of them on espionage charges would be "a further flagrant violation" of human rights, religious precepts and international law.Ten more captives were freed from the American Embassy in Teheran by Iranian militants. Earlier, the Iranians displayed the 10 at a news conference and said then that they would be freed. The 10, four women and six black men, were driven from the embassy compound about 7 A.M. [10:30 P.M. Monday in New York] in two vans, taken to Mehrabad Airport and put aboard an Iranian airliner. [New York Times] The American hostages in the embassy in Teheran have to sleep with their hands tied. During the day, they are mostly tied to chairs, except for meals, and they are kept isolated from one another. They must ask their captors for permission to go to a bathroom or for a glass of water, according to some women and black hostages.Three freed American hostages were said to be in good physical condition and excellent spirits after their 15 days in captivity in the embassy in Teheran. They were flown to an American air base in West Germany. [New York Times] Labor unity was pressed by Lane Kirkland as he was elected the second president of the A.F.L.-C.I.O. The former merchant marine officer called on non-member unions to give up "petty personal or pecuniary considerations or ancient and tedious grudges" and join the federation. Federation officials said that his call was directed particularly to the Teamsters union and the United Automobile Workers. [New York Times] A return to on-campus living is occurring across the country. Desirable off-campus housing is hard to find and usually more expensive, many universities have stopped segregating men and women, and many students increasingly appreciate the institutions' hot meals, services, security and study and recreational facilities that are provided at reasonable or no cost. [New York Times] In a major recruiting scandal, the Army said that 427 recruiters had been dismissed. Officials said that about 12,700 soldiers had been recruited through fraud or other irregular procedures since October 1977. [New York Times] Raising the drinking age in New Jersey from 18 years to 19 on Jan. 1 gained final approval in the state legislature, and Governor Byrne said he would sign the legislation. Since May of 1976, the legal drinking age has been raised to 19 years or higher in 8 of the 19 states that had lowered it from 21, and legislatures in several of the others are moving to follow suit. [New York Times] A major debate on a British spy will take place Wednesday in the House of Commons. Many members pressed the government to schedule a full-scale discussion of the bizarre case of Anthony Blunt, the noted art historian who was unmasked last week as a Soviet agent, 15 years after he had confessed to British authorities. [New York Times] The arms treaty was supported by a nine-member majority of the Senate Foreign Relations Committee in a report that urged ratification by the Senate and opposed changes that would force renegotiation of the pact with Moscow. The report also called for any needed spending to maintain basic equivalence in strategic arms. [New York Times] The Arab campaign against Egypt because of its peace treaty with Israel has been sapped by regional animosities. Although President Sadat's conflict with his Arab critics appears to be stalemated, there is a growing sense that time appears to favor his peace policies.A prayer ceremony at Mount Sinai, exhorting world peace, was led by President Sadat to mark the second anniversary of his visit to Jerusalem. The region was returned to Egypt by Israel last week. [New York Times] Major Rhodesian truce demands were made by guerrilla leaders at the London conference on Zimbabwe Rhodesia. They called for a Commonwealth force of several thousand to enforce a cease-fire instead of the force of several hundred, with duties limited to observation, that was proposed by Britain. The insurgents also demanded that civilians be disarmed and paramilitary units be disbanded. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 815.27 (-0.43, -0.05%)
S&P Composite: 104.23 (+0.44, +0.42%)
Arms Index: 0.63

	Issues	Volume*
Advances	799	19.02
Declines	670	10.04
Unchanged	435	4.03
Total Volume		33.09

* 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 16, 1979	815.70	103.79	30.06
November 15, 1979	821.33	104.13	32.37
November 14, 1979	816.55	103.39	30.95
November 13, 1979	814.08	102.94	29.24
November 12, 1979	821.93	103.51	26.66
November 9, 1979	806.48	101.51	30.06
November 8, 1979	797.61	100.30	26.27
November 7, 1979	796.67	99.87	30.83
November 6, 1979	806.48	101.20	21.96
November 5, 1979	812.63	101.82	20.46