NY Times series on crisis in Ital politics discusses situation in Palermo, which is predominantly Christian Democratic and ill‐managed, and Bologna, which is predominantly Communist and well run; asseses ‘corrosive’ difficulties that continue to beset Italy; illus (M)

Two Cities in Italy, Worlds Apart, Both Feel Impact of Social Crisis

Goldman, Sachs & Company is cutting rates on its commercial paper business in a move that competitors fear could set off another round of nrice&#8208;cuttina on Wall Street.

Goldman Drops Rates On Commercial Paper

Jewish Guild for the Blind uses specially equipped NYC apt to train blind people in safe and successful daily living; illus (M)

Helping the Blind Keep House

Dominican Army interrupts counting of votes as election results appear to favor Guzman; Govt radio broadcast says counting will resume in fair and impartial manner; urges Dominicans to accept final tally; Guzman says his rights as winner should be respected; Armed Forces Sec Juan Beauchamps dismisses rumors of mil coup; says armed forces will respect electoral process and election results; Revolutionary Party sec Dr Emilio Fernandez says Balaguer could become 1st Pres in Dominican history to transfer power peacefully to another party; presence of OAS inspection team in Dominican Repub noted; illus; map (M)

DOMINICAN SOLDIERS HALT THE COUNTING IN PRESIDENTIAL VOTE

city increases wage offer to 8% over 2 yrs from 6% (M)

City Is Reported To Offer Unions A Raise of 8%

Article on growing number of cos that are buying shares in other cos; investing in well managed co may be prelude to takeover attempt; other advantages over investing in one‧s own co outlined; chart (L)

Buying a Corporate Toehold

Stock prices lost some of their forward momentum late in the session, but the Dow Jones industrials closed at another eight&#8208;month high. Volume remained extremely heavy. [DI.] In the credit markets, interest rates declined as fixed&#8208;income investors decided that the Federal Reserve's monetary tightening had reached a plateau &#8212; at least for the present. Bond prices rose fairly sharpiy. [D10.] currency trading here and abroad, the United States dollar held own following Tuesday's sharp gains. [D13.] In the commodities markets, all platinum futures advanced the daily limit of SIO ounce, apparently because of tight supplies for the. metal. [D12.]

BUSINESS Digest

Westport bd, 19‐17, votes to uphold change in zoning laws to permit construction of 1st apt houses (M)

Westport Appro ves Building Of First Apartment Houses

Shah of Iran is facing stongest opposition in 15 yrs but he is not worried by recent riots and demands for reform in major cities; most powerful group opposing Shah is made up of traditional Moslems loyal to Ayatollah Mohammed Khomeini; merchants and liberal politicians are also dissatisfied (M)

SHAH OF IRAN FACING GROWING OPPOSITION

NYSE trading vol totals 45.49 million shares, 6th highest ever; Dow Jones avg rises to 858.37; ASE mkt‐value index rises to 144.67 (M)

Stocks Up As Dollar Holds Firm

WASHINGTON, May 17 &#8212; The State Department said today that 77 of the 88 Americans caught up in the invasion of Zaire by Katangan exiles had been moved out of the combat area, practically eliminating the possibility of a rescue operation by American paratroopers.

Most Americans Said to Leave Zaire War Zone

An American in Paris: The Eclectic Spirit

Vice Pres Mondale, in int on econ matters, says unemployment is still serious problem, but inflation is predominant concern of most Amers; illus (L)

TALKING BUSINESS

WASHINGTON, May 17 &#8212; A few military curmudgeons probably grumbled about nothing being sacred anymore, but the White House honor guard went coed today.

First Women Join the White House Honor Guard

News Summary

correction; co‧s name is Dai‐Tokyo Fire (S)

CORRECTION

Gov Carey will propose that financially troubled Mitchell‐Lama housing program be bailed out by raising rents of residents who earn over $17,200 a yr; will propose that state will subsidize residents who earn less than that; plan would raise rents up to 7.5% a yr (M)

MITCHELL‐LAMA AID PROPOSED BY CAREY CALLS FOR RENT RISES

accounts by witnesses sharply dispute official Rhodesian acct of deaths of 50 civilians; witnesses, blacks who said they had been at meeting, rept there had been only single armed guerrilla at gathering, that there had been no firing by anyone other than Govt soldiers and that 94 rather than 50 civilians had been killed (M)

Rhodesia Challenged by Witnesses On How Blacks Died in Shooting

Some 800 books and other material from Sigmund Freud‧s Vienna library moved from NYS Psychiatric Inst to Columbia Univ Health Services Library, for safety and accessibility to scholars; illus; collection was acquired from Vienna bookseller in ‘39 after Freud fled Nazis (M)

Freud Library, Victim of War, Gets New Home In New York

Begelman pleads no contest to charges that he stole $40,000 in Columbia Pictures funds; 3 forgery charges against him are to be dismissed; Judge Thomas C Murphy orders Begelman to return for sentencing on June 28; sources hold it is unlikely Begelman will be sentenced to jail; Deputy Dist Atty Sheldon Brown comments; Begelman por (M)

Begelman's Theft Plea: No Contest

Article on differences in Fed and NYS regulations on day on which Memorial Day will be celebrated; Fed Govt offices will be closed Mon, May 29, and state offices will be closed Tues, May 30; Commerce and Indus Assn survey finds 3/4 of NYC‧s business offices will be closed Tues; drawing (M)

What's Shut on Which Memorial Day

IN AN OLD but respectable apartment building on West 56th Street lawyer slowly opens the French doors to a terrace where tenderheaded flowers murmur and potted lime trees release their last perfume in moonlight. At the Park Avenue palazzo

Ground Rules for Terrace Gardeners

TVA approves 8.5% elec rate increase instead of 12% one it was considering; Barry P Bosworth, Dir of Council on Wage and Price Stability, urged reduction or postponement of larger rate increase in lr to TVA Chmn Aubrey J Wagner; said Pres Carter wants public agencies to take lead in fighting inflation (S)

T.V.A. Cuts Rate Rise After Anti‐Inflation Plea

L Silk on current rise in inflation rate and fall in unemployment rate, described as ‘Phillips curve‧; in ‘58, Brit economist A W Phillips showed that when inflation zigged, unemployment zagged; his curve traced tradeoff between two, and was used by Keynesians; chart (M)

Economic Scene

BLS survey shows that NYC govt workers are among highest paid in country, particularly in uniformed services (S)

New York Workers Among Highest Paid

Ricardo Alberto Silveira de Carvalho is a Portuguese professional football coach and former player who is currently assistant head coach of the Portugal national team. He was widely regarded as one of the best centre-backs of his generation.

Ricardo Carvalho, Portuguese footballer

Ricardo_Carvalho

Marcus William Giles is an American former Major League Baseball player. He was a second baseman and batted right-handed. His older brother, Brian Giles, was an outfielder who also played in the Major Leagues. Marcus and Brian played together on the 2007 San Diego Padres.

Marcus Giles, American baseball player

Marcus_Giles

Charles Waweru Kamathi is a Kenyan long-distance runner. He is best known for winning the 10,000 metres distance at the 2001 World Championships in Edmonton.

May 18, 1978

Headlines from May 18, 1978

Two Cities in Italy, Worlds Apart, Both Feel Impact of Social Crisis

Goldman Drops Rates On Commercial Paper

Helping the Blind Keep House

DOMINICAN SOLDIERS HALT THE COUNTING IN PRESIDENTIAL VOTE

City Is Reported To Offer Unions A Raise of 8%

Billboard 200

Saturday Night Fever

London Town

Slowhand

Feels So Good

Earth

Notable Births

Historical Context for May 18, 1978