article on outlook for 3-game series between NHL All-Stars and USSR natl team; illus (M)

The Russians Are Coming

Twins owner Calvin Griffith confirms rept that baseball Comr Bowie Kuhn had informed all clubs interested in obtaining Rod Carew that money should not be included in any transaction; Twins will send Jesse Orosco to NY Mets to complete trade for Jerry Koosman (M)

Kuhn Put Cash Ban On Trade

An article in The Times on Saturday misident if ied two of fIcials of the Bankers TS Club of America. John D. Baker is a governor of the club and Douglas H. Soutar  to the president.

CORRECTION

3-yr Fed Govt program which provided guaranteed minimum-income, or negative income tax, for 4,800 persons in Seattle and Denver finds recipients encountered more marital discord and worked fewer hrs than they would if they did not receive stipends; researchers, however, suggest program had sometimes beneficial results that were not reflected in statistics; some examples of benefits cited; illus of 2 recipients (M)

Test in Seattle Challenges Minimum‐Income Plan

Self&#8208;regulation of the scandal&#8208;marred $65 billion Ginnie Mae market may start within a month, when the new PSA Government Inc. hopes to open its doors. [Page D1.]

BUSINESS Digest

co shake-up has pitted 2 brothers against 3d; dismissals by chmn Edward J Garrett of pres Bernard R and vp Irving were followed by discharge of over 40 other employees; accusations and counteraccusations have become part of case that will be argued in NYS Sup Ct; illus (M)

Company Shake‐Up on L.I. Pits 3 Brothers in a Dispute

WASHINGTON, Feb. 4 &#8212; From early indications, medium&#8208;sized cities may stand in greater jeopardy than smaller towns of losing airline service as regulations are lifted from the industry, according to the chairman of the Civil Aeronautics Board.

Air Deregulation: City Problems

Article on shake-up in refrigerator indus, result of fierce competition in field with profit margins so slender that number of cos have ceased refrigerator production in last decade; discusses dominance of GE and Whirlpool, which is now being challenged by White Consol Industries through ambitious acquisitions program; graph of mkt share and sales '69-78 (M)

Freeze‐Out in Refrigerators

list of players voted to NHL all-star team that will play 3-game series against USSR team; chart (M)

Islanders, Canadiens Sweep Player Poll

Growing mkt for securities guaranteed by assn may soon be policed by self-regulatory orgn, PSA Govt Inc; mkt recently has been marred by scandals that caused losses to some banks, credit unions and other inst investors (M)

Ginnie Mae Dealers Set Rules Body

Perennial plant that crossbreeds with corn has been discovered in region of Sierra de Manantlan, Mex; newly-found variety of teocinte plant is called Zea diploperennis; scientists hope that corn derived from crossbreeding with this species could grow as far north as Va; group that discovered plant includes Dr Hugh H Iltis, John F Doebley, Batia Pazy and Rafael Guzman; Dr George Beadle sees teocinte as closely related to corn's wild ancestry, while Dr Paul Mangelsdorf says relation of teocinte to corn is remote (M)

Hope of Creating Perennial Corn Raised by a New Plant Discovery

Chemical Bank (NYC): Police, probing Jan holdup of Manhattan branch, seek 'Napkin Bandit' who writes his notes on paper napkins; illus; composite sketch (M)

Bank Holdups on Rise as Robbers See ‘Easy Score’

NYS Social Services Dept computer cross-check of all welfare recipients against wage earners shows 70,655 on both rolls, and officials estimate about 7,000 of these are receiving benefits fraudulently; dept Comr Barbara B Blum says most of persons identified could have legitimate reasons for appearing on both lists; adds figure on possible welfare-fraud cases was close to that predicted by dept in '78; estimates computer check system would save Fed, state and local govts $10 million in '79 welfare costs (M)

7,000 WELFARE CASES ARE CALLED SUSPECT

Shearson Hayden Stone reaches agreement on $16.8 million tender offer (M)

Shearson in Mortgage Broker Bid

Bakhtiar Govt and Islamic movement led by Khomeini make conciliatory gestures amid repts of secret contracts between 2 camps; Govt extends permission for peaceful demonstrations; Khomeini aide Ibrahim Yazdi modifies stand on charter; says transfer of power could be carried out within framework of Const; some high-ranking mil officers, including chief of staff Gen Abbas Gharabaghi are trying to swing loyalty of armed forces from Shah to Const; illus (M)

2 SIDES IN IRAN TAKE CONCILIATORY STEPS; CONTACTS REPORTED

Lacy Hunt, Fidelity Bank econometrician, cites number of tech factors that have cut M-1 figures while having little effect on amt of funds available for financing business; notes rise in corp purchases of large ctfs of deposit and introduction of automatic transfer accts, both of which drain demand deposits and thus cut M-1; believes repurchase agreements, used by corps to circumvent Fed ban on interest payment on corp checking accts, account for large part of drop; Oct-Jan graph compares rise in large ctfs of deposit with M-1 changes (M)

‘Repos’ ‐Key to Leak In U.S. Money Supply?

West defeats East, 134-129; David Thompson named most valuable player; illus (M)

West Wins N.B.A. All‐Star Contest. 134‐129

Article notes use of value-added tax in state since '76 and that system seems to be widely accepted (M)

Michigan Accepts VAT As U.S. Debates Issue

News Summary

Repub Party, faced with debt of nearly $1 million and virtually shut out of patronage-rich Dem state adm, is beginning most ambitious fund-raising effort ever by state party orgn in NY; Chmn Bernard Kilbourn, noting party will seek to raise $1.9 million a yr, outlines fund-raising program (M)

Fund Drive by State G.O.P. Seeking $1.9 Million Yearly

Chinese Deputy Prime Min Teng visits Boeing plant, Seattle, which mfrs 747 jetliner; Deputy Prime Min Fang Yi visits McDonnell Douglas factory in Long Beach, Calif; illus (M)

Teng Inspects Boeing 747 Factory On Last Full Day of His U.S. Visit

Carter Adm moves to channel $20 to $35 million to NYC to help it dose its budget deficit next yr; funds would be made available through unilateral actions that would not require Cong approval; Adm is encouraging administrative rulings and agreements favorable to city in several exec programs, including public service jobs, housing and food stamps (M)

WHITE HOUSE SEEKS UP TO $35 MILLION FOR NEW YORK CITY

Econ and Foreign Min Rostam Pirasteh says Bakhtiar Govt plans critical rev of foreign contracts signed by Shah, similar to rev promised by Khomeini; Western diplomats say cancellation of contracts would be serious blow to many Amer and Eur cos; illus (M)

Shah's Plans for Buying Abroad Will Be Cut, Bakhtiar Aide Vows

Repub leaders call for const amendment to limit Fed spending, but want action to be taken in Cong rather than through const conv, informal meeting, Easton, Md; are unable to agree on wording of amendment that would require balanced budget, but issue demand that Cong balance budget for fiscal '80; Repub Chmn Brock welcomes final position; Sen Robert Dole seeks tougher position and Reprs John J Rhodes and Barber B Conable Jr feel it would not work; Brock illus (M)

Republicans Would Curb Spending With a Constitutional Amendment

NYC police discuss sharply rising incidence of bank robberies; see '79 total nearly double that of '74; discuss bandits methods of operation (M)

Police Have Nicknames for Repeat Thieves

Nate Holzapfel is an American entrepreneur and convicted fraudster known for his appearance on ABC's Shark Tank, where he pitched as a representative of the Mission Belt Co. He then pursued a career in consulting and public speaking.

February 5, 1979

Headlines from February 5, 1979

The Russians Are Coming

Kuhn Put Cash Ban On Trade

CORRECTION

Test in Seattle Challenges Minimum‐Income Plan

BUSINESS Digest

Billboard 200

Briefcase Full of Blues (Soundtrack)

Blondes Have More Fun

52nd Street

You Don't Bring Me Flowers

Barbra Streisand's Greatest Hits; Volume 2

Notable Births

Historical Context for February 5, 1979