Rockefeller Center pres Alton G Marshall announces Radio City Music Hall will close at end of Easter show because of financial matters; Mayor Koch press sec Maureen Connelly says Koch plans further discussions with Marshall (S)

Radio City Music Hall to Close After. Easter Show, Koch Is Told

W Eur trend toward granting greater role in mgt to workers suffers setback as result of prolonged econ crisis; further gains are opposed by mgt in W Ger and Sweden, by workers in GB, France and Italy, and by both in the Netherlands; illus (M)

Europe Workers' Movement Falters

US Treas and Fed Reserve Bd say they will effect measures to bolster internatl value of sagging dollar; announcement follows promises of support from Pres Carter and reptdly comes after warning from Saudi Arabian King Khalid that he no longer could be force of moderation in internatl oil-price diplomacy if dollar continues to depreciate; says resources will be provided by Exch Stabilization Fund and $20-billion swap network; Eur bankers and monetary officials laud move; graph (M)

U. SWILL INTERVENE TO PROTECT DOLLAR; CURRENCY REBOUNDS

Commerce Dept repts new orders recd in Nov by factories dropped 0.4%; new orders for durable goods dropped 1.1%; inventories rose 0.2% (seasonally adjusted); chart on new orders and inventories (S)

Factory Orders Declined by 0.4% In November After 3 Sharp Gains

Gov Carey declares that Fed aid to NYC is 'clearly needed again' and that he will 'fight to secure that aid,' 4th annual State of State' message to joint session of Legis (S)

CAREY URGES $750 MILLION TAX CUT, COURT EXPANSION TO FIGHT CRIME; PLEDGES TO SEEK U.S. AID FOR CITY

Article on financial difficulties faced by private men's clubs in NYC, many of which have lost subtantial membership and have been forced to move into less costly locations and alter their membership policies; most univ clubs, Harvard, Yale, Princeton, now grant full memberships, with full privileges to women; Racquet, Tennis, Knickerbocker, Links and Brook Clubs continue not to admit women; Club Mgrs Assn pres B Wayne Straight and vp Ara Daglian comment (M)

In Newyork, Private Clubs Change With Times.

Creative Haven In Sag Harbor.

Carter arrives in Paris for 3 days of talks with French leaders; illus (M)

Jimmy the Boulevardier Charms Parisians

Dow Jones avg drops to 813.58; NYSE trading vol totals 24.09-million shares (M)

Market Continues Its Downtrend Despite Steps to Bolster Dollar

Dec '77 retail sales among 6 of NYC's largest dept stores avgs 11.1% ahead of Dec '76, while sales in met area rose 10.4% (S)

RETAIL SALES SURGED 10.4% FOR DECEMBER IN NEW YORK REGION

US Trees Dept tells NYC informally to assemble financing plan from local sources without assistance from Fed Govt; NYS, banks and pension funds, who control money needed for finandal pkg, say they are not inclined to partidpate; Gov Carey, Mayor Koch and Sens Jacob K Javits and Daniel P Moynihan say they are not giving up their effort to persuade Pres Carter to support additional Fed loans to city after June 30 (L)

Treasury Tells New York to Draft City Aid Plan Without US. Funds

Paul Goldberger article on architectural changes in NYC in '77; illus (M)

How the Cityscape Fared in 1977

Article on changes that gentlemen's clubs in London have had to make to survive; more are merging or going out of business each yr, and few left have been forced to cater cocktail parties or admit women; number of clubs has dwindled from about 80 to about 40 during last 30 yrs; only about 12 of those are 'serious social clubs; some clubs noted; illus (M)

…In London. Too, It's Bend or Die

Leonard Silk reports on the anxiety sweeping through the markets that the Federal Reserve will be less &#8220;monetarist&#8221; under its chairman&#8208;designate than it was under Arthur F. Burns. Pane D7.

The Economic Scene

Article on increasing number of terrorist attacks on businessmen in US and abroad; danger was subject of daylong conf 2 wks ago at Georgetown Univ Center for Strategic and Internatl Studies; comments by Brooks McClure of Commerce Dept's working group on terrorism and Dr Charles A Russell of Air Force's Counter-intelligence Directorate noted; illus (M)

Washington & Business

President Carter, after the meeting in Aswan with President Anwar el&#8208;Sadat of Egypt, read a prepared statement declaring that the Palestinians should be enabled to participate in the determination of their own future. He said this was one of the basic principles that should be observed before comprehensive Middle East peace can be achieved. In Israel, Prime Minister Menahem Begin rejected Palestinian self&#8208;determinatibm because he said would mean a Palestinian state that would be a mortal danger to Israel. [Page A1, Columns 1&#8208;2.]

News Summary

HR transportation subcom to near proposal for consolidation of as many as 5 US ITS into 1 midwestern line; Chicago Rock Island pres John W Ingram seeks to link his line with some secs of Chicago Milwaukee St Paul & Pacific RR as well as Iowa and SD lines of Ill Central Gulf RR; suggests Mo-Kan-Tex RR and Kan City Southern Ry might become part of 'Farmrail' consolidation plan; proposed financing and other aspects of plan detailed (S)

Congress to Hear. Consolidation Plan For Five Railroads

Int with EEOC Chmn Eleanor Holmes Norton (S)

U. S. to Monitor Hiring Practices Of Big Concerns

Carter meets with Sadat in Aswan on Jan 4, and then flies on to Paris (M)

CARTER AND SADAT ASK ROLE FOR PALESTINIANS IN DETERMINING FUTURE

US steel indus welcomes proposed reference prices, which are reptdly higher than Amer mfrs anticipated; complains of system's complexity and lack of details on how it will work; importers are worried about potential damage to their business; FTC contends that reference price system will create expensive new Fed bureaucracy and cost US taxpayers over $1 billion a yr; Consumers Union says plan is best that could be expected considering pol pressure being exerted on Govt on behalf of steel indus; comments by William Verity (Armco), Robert Welch (Steel Service Center Inst), Kurt Orban (Amer Inst for Imported Steel) and Repr Charles A Vanik noted; illus (M)

Enthusiasm and Confusion Greet Plan on Steel Prices

PAUL JACOBS, AT 59; AUTHOR AND ACTIVIST

US Steel says that Youngstown, Ohio, will continue to decline as major steel-producing region, but that no decision has been made to close plants there; Mayor J Phillip Richley scores co's decision not to spend more money on mills; USWA Local 1330 pres Stephen Leskovjansky considers closing unlikely (S)

U.S. Steel Expects A Continued Decline In Youngstown Area

IVAN NETTER, 52, EXECUTIVE OF ADVERTISING MAGAZINE

Wyatt E. Cooper, author and actor, died early today of a heart ailment in Now York Hosnital. He was 53.

WY ATT E. COOPER, ACTOR AND AUTHOR, DIES AT 53

AND R ISANO&#8212;Anthony J. On January 3, 1978. Beloved husband of Lucy (nee Pugliese). Loving father of Charles, Stella Fenn, Nina Dunn'. gan. Also survived by two grandchildren Janet and Christopher Fenn. Reposing Walter B. Cooke Funeral Home, 6900 4th Avenue, Brooklyn. Funeral Mass Friday, 1PM, Our Lady of Perpetual Help R.C. Church, Interment Long Island National Cemetery.

Deaths

Wyatt Emory Cooper was an American author, screenwriter, and actor. He was the fourth husband of Vanderbilt family heiress and socialite Gloria Vanderbilt and the father of CNN anchor Anderson Cooper.

January 5, 1978

Headlines from January 5, 1978

Radio City Music Hall to Close After. Easter Show, Koch Is Told

Europe Workers' Movement Falters

U. SWILL INTERVENE TO PROTECT DOLLAR; CURRENCY REBOUNDS

Factory Orders Declined by 0.4% In November After 3 Sharp Gains

CAREY URGES $750 MILLION TAX CUT, COURT EXPANSION TO FIGHT CRIME; PLEDGES TO SEEK U.S. AID FOR CITY

Billboard 200

Rumours

Foot Loose + Fancy Free

All 'n' All

Out Of The Blue

Simple Dreams

Notable Deaths

Historical Context for January 5, 1978