July 28, 1978

Central Park seems to, be Joseph Papp's summertime muse, inspiring one new project after another. This time, it's jazz at the Delacorte Theater, where Mr. Papp's production of “All's Weli ‘That Ends Well” is also playing. Tonight at midnight, the jazz pianistCecil Taylor will give a free recital of his own music: Ticket distribution will begin at 10 P.M. at the theater box office, near Central Park West and 81st Street. Those who want to make the evening a doubleheader can pick up jazz tickets when Shakespeare ends. And for those concerned about being in the park so late at night, a spokesman has these reassuring words: “We've worked it out with the police.” Information: 535‐5630.

Chrysler repts $30.5-million net income, 2d qr, 70.6% below '77 qr (S)

K W Arenson on progress of options trading in last 5 yrs and outlook for future; discusses questions raised about mkt, SEC lawsuits against traders, its temporary moratorium on mkt's expansion and its investigation of mkt's structure and practices; revs debate over validity of options trading in nation's capital-raising structure; Eugene D Brody (Oppenheimer & Co), Joseph Sullivan (Chicago Bd Options Exch), Prof Sidney Robbins and Andrew Klein and Richard Teberg of SEC comment; their illus; explanation of how options work; graph of boom in options trading, '73-78 (L)

Leon Jaworski resigns as special counsel to HR ethics com, citing his inability to get high Korean Govt official to testify; says he 'tried every conceivable means' to get testimony of Kim Dong Jo; HR Speaker O'Neill had earlier announced that S Korean Govt had rejected last-ditch attempt to allow 2 reprs to talk with Pres Park Chung Hee about Kim; Jaworksi says he has 'feelings of regret' because investigation was incomplete, but says that without Kim's testimony probe can go no farther (M)

UN Security Council endorses Western plan for ending guerrilla war in SW Africa and leading territory to independence as Namibia 'at earliest possible date'; in 2d resolution, supports steps to insure early 'reintegration' of Walvis Bay into new nation; S Africa, in vigorous attack in Security Council on Walvis Bay resolution, declares that West's support for it might make it impossible to carry out plan for territory's independence after UN-supervised elections; illus; map (L)