September 12, 1979

Dr. Agostinho Neto, the 56‐year‐old Marxist poet, physician and revolutionary who became the first President of Angola, died Monday night in Moscow after surgery for cancer and other ailments.

WEDNESDAY, SEPTEMBER 12, 1979

Commerce Dept reports value of inventories held by American businesses in July grew by $7.84 billion, or 1.9%, to seasonally adjusted $413.81 billion, compared with $4.46 billion increase in June; also reports inventory-to-sales ratio in July grew from 1.44 from 1.43 in June; economist Alan Greenspan calls figures 'extraordinary' and confirmation that businesses underestimated inventories earlier; Commerce Dept economist William Cox agrees increase is troublesome; major factor in inventory rise was in auto industry; graph on inventory-sales ratio, Jan '78 to July '79 (M)

key members of Congress are reluctant to support Federal aid despite company's intensive lobbying effort; say such move is contrary to spirit of free enterprise system; are reserving judgement until Chrysler presents its fiscal rehabilitation plan; predict that Congress will not approve aid without Pres Carter's support; oppose Chrysler's request for special tax concessions; Miller reiterates his opposition to tax credits for Chrysler, Sen Finance Committee hearing; illus (M)

Egypt and Israel inform US separately that they want multibillion dollar increases in economic and military aid far beyond help given them in past; Amb Ephraim Evron presents Sec of State Vance with Israeli request for $3.4 billion in aid for fiscal year beginning Oct 1 '80; Israel was given $1.8 billion for fiscal year starting Oct 1 '79; Congress is reluctant to give Israel and Egypt vast amounts of new arms for having signed peace treaty; Egyptian Vice Pres Hosni Mubarak meets with Vance and national security adviser Zbigniew Brzezinski to discuss Egypt's security concerns; has not submitted formal request to US, but Pres Sadat is dissatisfied with $15 billion in military credits granted Egypt over 3 years (M)