October 13, 1979

With mortgage credit tightening in the New York metropolitan area, sellers and buyers of homes have begun to feel the exasperation, disappointment, inconvenience, uncertainty and worry that are the inevitable human corollaries of a credit squeeze.

HR, by voice vote, and Sen, in series of votes, approve compromise money bill that had been stalled for weeks in deadlock over abortion; compromise contains temporary policy on abortion funds, limiting them to case where mother's life is endangered and instances of incest and rape (M)

Renault, state-owned French auto maker, will buy almost 25% interest in American Motors in exchange for manufacturing and marketing rights for its cars through American Motors domestic outlets; under agreement, American Motors will receive $150 million in cash plus design and principal mechanical parts of technologically advanced, French-designed car that will be built by American Motors in '82; portraits of American Motors chmn Gerald C Meyers and Renault pres Bernard Hanon (M)

NYC Transit Authority begins circulating new subway tokens commemorating 75th anniversary of subway system; tokens may prove to be financial bonanza for city because people are expected to keep them as souvenirs; city plans to make special nickel and silver versions cast specifically as souvenirs and will receive $12 commission on each solid gold version that jeweler H Stern intends to sell for $250 each; design was executed free by Bill Bonnell of J C Penney Company (S)

entire opposition group in South Korea's National Assembly, including 66 members of New Democratic Party, resigns to protest expulsion of Kim Young Sam; Assembly now consists of 83 elected members from Pres Park's ruling party and 77 assemblymen appointed by Park; Government is expected to instruct remaining assemblymen to refuse to accept resignations (M)