November 24, 1976

Atlantic Richfield Co reaches agreement in London to acquire The Observer, influential 185-yr-old Brit wkly newspaper; agreement is scheduled to be announced formally in London on Nov 24; Atlantic Richfield is headed by Robert O Anderson; Rupert Murdoch, 1 of competing bidders, comments; purchase of paper by foreign co would have to be approved by Brit Govt; Anderson says co's intent in purchasing paper is solely to provide support; Anderson por (M)

Police Capt Robert C Mohl and Detective LaConte testify that they took no notes when meeting with Bello when he identified Carter and Artis; say Bello had spoken to them in fear because he had been threatened by Carter's friends (M)

Pres-elect Carter has reptdly selected banker Thomas Bartram Lance to be dir of Office of Management and Budget (OMB); Carter has stressed importance of position because of top priority he will give to presenting his budget proposals to Cong by Feb 15; Cabinet-level post requires Sen confirmation; speculation that Jack H Watson Jr would be named dir recalled; Lance is pres of Natl Bank of Ga; his past association with Carter detailed (M)

Nov 24: Israel parades tanks and armored personnel carriers on its side of Lebanese border in new warning to Syrian troops and Palestinian guerrillas not to approach frontier; Israeli Cabinet convenes special session to discuss Lebanese developments; mins reptdly support premise that Syrians have enough leverage against Palestinians to control them without approaching Israeli border; Rabin receives US Amb Malcolm Toon; AP repts Rabin stressed in speech at meeting of conservative Jews that Israel will not tolerate presence of Syrians or guerrillas in southern Lebanon; illus (M)

Carter at news conf, Washington, says it would be mistake to presuppose that tax cut would be his approach to stimulating econ; says he is studying other approaches, but does not rule out tax cut (S)