July 21, 1980

WASHINGTON, July 20 About four million young men are scheduled to begin registering tomorrow morning for a possible military draft amid signs of widespread active and passive resistance that may cause the Government problems of enforcement.

Sharp declines in interest rates and volatility in the foreign-exchange markets gave powerful support to profitability at a number of the nation's leading banks in the second quarter.

HOUSTON, July 20 The Galleria, a spectacular four-tiered shopping mall on Houston's West Side, is like one of those self-contained, hermetically sealed, climate-controlled domed cities that science-fiction writers invent to protect their fictional civilizations from the hostile environments of alien planets.

MUIRFIELD, Scotland, July 20 Tom Watson appeared relaxed and confident today as he rode a four-stroke lead to his third British Open golf championship, but by his own account he was nervous until the 16th hole, when there could be no doubt of the outcome.

As the American automobile industry looks beyond the era of big cars, one of its chief problems has as much to do with marketing as design or engineering: how to sell a full line of cars in a time when ...

EL PASO, July 15 "Thirty-eight thousand dollars for a week's work," John Rockhill said, leaning against the fender of his lime-green cruiser.

LONDON, July 20 Despite Western economic sanctions aimed at forcing the release of American hostages held in Iran, that country's oil industry currently is buying $150 million worth of spare parts a year from industrial nations.

WASHINGTON, July 20 Administration officials have begun drafting a broad declaration of long-term economic policy for President Carter to issue soon, possibly as a campaign statement.

Record 101-degree heat, a spinoff of the hot-weather system that has baked other parts of the country for weeks, sent record crowds heading for the beaches yesterday in the New York metropolitan region.

This year's harvest of soybeans, the nation's second most important crop after corn, may have been seriously damaged by the heat wave that has been searing the middle third of the country this month. The effects of a sharply reduced harvest will be felt on grocers' shelves because the pea-sized, buff-colored beans are used in a broad variety of foods such as margarine and cooking and salad oils, as well as in meat production.

Hans Joachim Morgenthau, the author, teacher and political scientist who gained national attention in the 1960's as a leading critic of the United States involvement in Vietnam, died Saturday night in Lenox Hill Hospital in Manhattan after a short illness. He was 76 years old.

Robert Limpp, president of 270 Auto Sales, a used-car dealer in downtown Denver, has noticed a substantial change in the pace of his business in the last few weeks. The demand for used cars in his area has increased so much, he said, that prices on some models had increased by several hundred dollars.