News stories from Monday November 3, 1980

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

"Progress" toward ending the crisis over the hostages in Iran was cited by Secretary of State Muskie, but he cautioned that it might take considerable time before the 52 Americans are freed. The guarded optimism of the administration was based largely on events in Teheran that seemed to indicate a consensus of the various factions on ending the year-long detention of the Americans.Jurisdiction over the hostages has been surrendered to the Iranian government, according to the militants who seized them, but the militants apparently did not give up the captives. Teheran designated Algeria to act as an intermediary in releasing the hostages once the four conditions stipulated Sunday by the Iranian Parliament have been met. [New York Times] Some Iraqi gains were reported by military sources and travelers in the fighting at the Iranian oil refinery center of Abadan. The travelers reaching Baghdad said that the Iraqis appeared to have sharply increased their shelling of Abadan, and Teheran acknowledged that civilians were fleeing. [New York Times] The President's record was the focus of final campaign appeals made by Mr. Carter and Ronald Reagan. The President, in a televised election-eve speech, cited what he termed his administration's gains and said his experience would make him a better President in a second term. Mr. Reagan, also speaking on television, assailed Mr. Carter's tenure as a time of "worsening economic problems" and "diminishing prestige around the globe." [New York Times] The President urged Anderson backers to help him defeat Mr. Reagan. The appeal, made in a cross-country sprint on the last day of what he has described as his last campaign, marked the first time in the long drive that Mr. Carter acknowledged the pivotal role that support for John Anderson, the independent candidate, is likely to play in the election. [New York Times] Mr. Anderson hinted more strongly than before that he was likely to play some national political role in the future. He said he believed that his independent campaign would have an impact on American politics far beyond today's election. [New York Times] Mr. Reagan continued attacks on the President's record on the economy and defense while avoiding any criticism of Mr. Carter's efforts to secure the release of the hostages in Iran. But Mr. Reagan, in response to reporters' ques-tions, predicted that the progress toward their release would not harm his prospects for victory. [New York Times] Their biggest drive to register blacks was pressed this year by civil rights organitations in an effort to overcome apathy in an election the groups say they consider crucial for minorities. Leaders of the organizations express wide dissatisfaction with the President's performance, but they consider Mr. Reagan far more conservative and insensitive to minorities. [New York Times] Several key congressional posts, including leadership positions and committee chairmanships, are at stake as the voters elect all 435 members of the House and 34 senators. Repubican leaders, despite doubts by most observers, say they hope to gain control of the Senate, while virtually everyone expects the House to remain under Democratic control. [New York Times] Early clues in the election results will come from Connecticut, Ohio and a handful of sharply contested states in the South. The first states that close their polls are Kentucky and Indiana, and advance handicapping favors Mr. Reagan in Indiana and the President in Kentucky. An upset in either case would indicate serious trouble for the loser. [New York Times] Voter registration has dropped in New York despite intensive efforts by the Carter campaign. The number of eligible voters has decreased by about 400,000 since 1976, with 75 percent of the decline occurring in strongly Democratic New York City. Polls indicate that Mr. Carter is a slight favorite in New York, Ronald Reagan is leading slightly in New Jersey, and Connecticut is too close to call. [New York Times] A key trial in Zimbabwe was postponed by an appeal citing a law designed to give members of the former white-minority government freedom to suppress terrorism. The appeal was made on behalf of a senior cabinet minister charged with taking part in the murder of a white farmer. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 937.20 (+12.91, +1.40%)
S&P Composite: 129.04 (+1.57, +1.23%)
Arms Index: 0.51

	Issues	Volume*
Advances	956	24.18
Declines	596	7.66
Unchanged	375	3.98
Total Volume		35.82

* 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 31, 1980	924.29	127.47	40.11
October 30, 1980	917.75	126.29	39.06
October 29, 1980	929.18	127.91	37.20
October 28, 1980	932.59	128.05	40.30
October 27, 1980	931.74	127.88	34.44
October 24, 1980	943.60	129.85	41.03
October 23, 1980	939.51	129.53	49.19
October 22, 1980	955.12	131.92	43.06
October 21, 1980	954.44	131.84	51.30
October 20, 1980	960.84	132.61	40.91