CORRECTION

Terry Robards on new French vintage for ’79; notes prices may not be as expensive as ’78 because of good grape crop (M)

‘ New French Vintage Lifts Hope on Prices

Series on stock crash of 1929 recalls formation of Securities and Exchange Commission and discusses changes it has brought to securities industry; notes that Securities Act of ’33 and Securities and Exchange Act of ’34 still provide basic framework for securities market regulation, and that SEC is still widely regarded as nation's finest independent regulatory agency; says critics of agency feel either that agency is doing too much or too little to police securities industry; pors of former SEC Chairmen Joseph P Kennedy, William O Douglas, Manuel F Cohen and present Chairman Harold M Williams; illus of 1st members after agency's formation in ’34: Kennedy and Ferdinand Pecora, George C Mathews, Robert E Healy and James M Landis (M)

S.E.C.: Watchdog 1929 Lacked

The Dow Jones industrial average climbbd 15.19 points yesterday as the stock market produced its first genuine rally since the Federal Reserve Board abruptly tightened credit policy on Oct. 6.

Dow Up 15

F W Dodge reports nation's contracts for new construction dropped in Oct from comparable period year ago for 3d consecutive month; says contracts for future construction amounted to $13.3 billion, down 6% from year ago; chief economist George A Christie comments (S)

Leading Indicators Post

Dow Jones industrial average gains 15.19 points to 823.81; NYSE trading volume totals 28.9 million shares; market profile (M)

BUSINESS

President's Commission on the Accident at 3 Mile Island says fundamental changes must occur in way nuclear reactors are constructed, operated and regulated if risks of nuclear power ‘are to be kept within tolerable limits’; says there is no guarantee that there will be no serious nuclear accidents even if its recommendations are adopted; proposes fundamental changes in organization, procedures and attitudes of Nuclear Regulatory Commission and industry but does not advocate abandonment of nuclear power; other findings; scores safety precautions taken by Metropolitan Edison Co, operator of 3 Mile Island reactor, and Babcock & Wilcox, manufacturer of reactor; Pres Carter says he will study recommendations and make report to Congress and nation (M)

ATOMIC PANEL FINDS NO SURE WAY TO BAR REACTOR ACCIDENTS

BOGOTA, N.J.  &#8212; What the man in the pin&#8208;striped suit with the rock music slide show and abundance of flattery had come to tell seniors at Bogota High School the other day was this: If you like yourself, you'll choose a college no one else has ever heard of.

Independent Recruiters Cash In As Colleges See Enrollment Fall

Patricia Wells article on purity of apple juices; discusses study conducted by Foodworks Inc (Flushing, NY) and Geochron Laboratories (Cambridge, Mass) on 13 brands; test results listed; apples juice industry sales in ’77 totaled $224 million, up 30% from ’76; sales for ’78 totaled more than $306 million, up nearly 37% over ’77 (M)

Apple Juices: Popular, But Are They Real?

Selling The Idea Of Exotic Edibles

CRADLING HER DEAD CHILD, a Cambodian mother waited outside hospital at refugee camp near Sa Kaeo, Thailand. &#8220;There is nothing we can do,&#8221; said Red Cross worker, to stop more than a dozen people each day from dying.

Associated Press

United States Steel Corp's 3d‐quarter earnings were $81.3 million, 8.4% decline from corresponding ’78 period; sales rose 14.3% to $3.2 billion; chmn David M Roderick says steel operations lost money because of lower shipments, cost increases and problems at plants in Chicago area and Fairfield, Ala (S)

U.S. Steel Profit Off

longshoremen leader Anthony M Scotto, testifying at his trial on racketeering charges, says that he had received $75,000 in cash contributions from 2 waterfront businessmen and that he had given money to political campaigns of Gov Carey and Lt Gov Mario M Cuomo; testifies that his co‐defendant, Anthony Anastasio, handed $50,000 in cash to Louis Valentino, official of Cuomo's NYC mayoral campaign in ’77; Cuomo, through spokesman, says he has no knowledge of such transactions (M)

$75,000 Cash Was Given to Help Carey and Cuomo, Scotto Testifies

Article on growing popularity of apple cider; drawing (M)

Cider

It was unusually busy at the Universal Costume Company. At 7 last night, the Broadway shop was filled with advertising executives and theatrical agents who had stopped on their way home to pick up a few necessities: gorilla hands and feet, bunny cuffs, plastic fangs and a clown nose or two. One man emerged from a dressing room wearing a silver shark suit, eximined his drooping dorsal fin and said with a sigh: &#8220;I guess I'll have to go with the Conehead get&#8208;up.&#8221;

Halloween Spirit And Ritual Nigh

South Korean military investigators widen probe of Park's death by formally detaining Kim Kye Won, chief of presidential staff, and ‘large number of other suspects’; investigators imply that assassination plot may have gone beyond KCIA Agency Director Kim Jae Kyu and his aides, who allegedly admitted having shot Park, his bodyguards and others at private dinner; usually reliable Korean sources say that although no military officers have been implicated in killing, Army Chief of Staff Gen Chung Seung Hwa was nearby when shootings occurred and drove Kim to Armed Forces headquaters; General Chung was appointed martial law commander and he has, in effect, been running country; martial law command says that 40 to 50 people are being questioned; Prime Min Choi Kyu Hah, acting President, appoints General Lee Hi Song, Army's Deputy Chief of Staff, as acting KCIA director; US Ambassador William H Gleysteen denounces innuendos in South Korea and charges in North Korea that US was involved in Park's death; illus (L)

Murder Inquiry Widened in Seoul; Park Aide and Many Others Held

McGillicuddy and US Trust Co of New York chmn Thomas Killefer say they need Government guarantees to lend more money to Chrysler, House subcommittee hearing; McGillicuddy portrait (S)

CHRYSLER REPORTS 460 MILLION DEFICIT, SETTING U.S. RECORD

Pres Carter tells group of House members that he prefers Commerce Committee version of Energy Mobilization Board to weaker one produced by Interior Committee (S)

Senate Approves Giving Congress Oil‐Import Role

NYS Chief Judge Lawrence Cooke to announce plan to reduce huge backlog of civil cases in NYC and state's other large cities; plan will include transfer of 242 judges from rural courts into cities during 12 months starting Jan 1; NYC will get equivalent of 22 new full time judges for civil cases; other counties that will receive additional judges are Suffolk, Nassau, Eric, Monroe, Ononodaga and Westchester; plan will also include reduction of vacations for judges to 4 weeks, reaction to plan noted (M)

State's Court Chief Plans to Switch Judges And Cut Time Off to Reduce Civil Backlog

US Treasury rules that Mexico is not ‘dumping’ tomatoes and other produce in US at unfairly low prices; preliminary ruling in case brought by competing tomato growers in Florida cases trade relations with Mexico and is expected to avert higher produce prices (M)

News Summary

president and chief executive Morris Goldstein will resign Jan 31 ’80 (S)

City Stores

Article on soaring prices of shoes because of rising cost of leather; American Footwear Industry Assn says supply of hides available to American shoe manufacturers began to diminish significantly about 2 years; in 1st 8 months of ’79, wholesale shoe prices increased nearly 19% over same period in ’78; assn president Fred Meister and Commerce Dept analyst Virginia Mannering and consumers comment; drawing (M)

Shoe Prices Off and Running

article on Fairchild Industries intensified efforts to diversify; major factor is near‐completion of contract for A‐10 combat support fighter plane and absence of major new military orders to replace $400‐million‐a‐year revenues generated by A‐10 contract; Edward G Uhl, chairman and chief executive officer, discusses plans; his portrait; graph shows divisional shares of company's ’78 sales, with portion sold under prime contracts to US Government; table summarizes company operations and compares financial position, ’77‐79 (L)

Fairchild Industries’ Continuing Quest

Federal District Court Judge J William Ditter dismisses major portion of Federal lawsuit charging Philadelphia Mayor Frank Rizzo and other city officials with condoning systematic and criminal violence by Philadelphia Police Department; civil rights suit was filed on Aug 13 and signed by then Atty Gen Griffin Bell; Judge Ditter rules that Atty Gen lacked standing to bring such encompassing suit; holds right to bring such lawsuit remains with aggrieved individual; Ditter allows to stand single aspect of case applying to racial discrimination in administration of federally‐financed programs; all other allegations are dismissed (M)

PHILADELPHIA POLICE UPHELD ON U.S. SUIT

Mexican representatives, including Pres Jose Lopez Portillo, who visited Pres Carter in Sept, have left no doubt that Treasury Dept decision that Mexico is not selling produce in US at unfairly low prices will be received in Mexico as signal of way US wants bilateral relationship to proceed (S)

U.S. BACKS IMPORTS OF MEXICO PRODUCE

Ricardo Dwayne Fuller is a retired Jamaican professional footballer who played as a forward.

Ricardo Fuller, Jamaican footballer

Ricardo_Fuller

Simão Pedro da Fonseca Sabrosa , known mononymously as Simão, is a Portuguese former professional footballer who played mainly as a left winger, with dribbling and set piece skills as primary attributes.

Simão Sabrosa, Portuguese footballer

Simão_Sabrosa

Western Airlines Flight 2605, nicknamed the "Night Owl", was an international scheduled passenger flight from Los Angeles, California to Mexico City, Mexico. On October 31, 1979, at 5:42 a.m. CST (UTC−06:00), the McDonnell Douglas DC-10 crashed at Mexico City International Airport in fog after landing on a runway that was closed for maintenance. Of the 88 occupants on board, 72 were killed, in addition to a maintenance worker who died when the plane struck his vehicle.

Western Airlines Flight 2605 crashes on landing in Mexico City, killing 73 people.

October 31, 1979

Headlines from October 31, 1979

CORRECTION

‘ New French Vintage Lifts Hope on Prices

S.E.C.: Watchdog 1929 Lacked

Dow Up 15

Leading Indicators Post

Billboard 200

The Long Run

In Through The Out Door

Midnight Magic

Cornerstone

Head Games

Notable Births

Historical Events

Historical Context for October 31, 1979