LEAD: The giddiness that Giants fans are feeling this week - the smiles they exchange that make words unnecessary - is still tinged with lingering disbelief. Is this for real or a dream? Yet fans talk confidently of spending Jan. 25 in Pasadena, Calif., where the Giants would make their first Super Bowl appearance.

FOR GIANTS' FANS, EUPHORIA IS TEMPERED WITH DISBELIEF

LEAD: The unemployment rate fell two-tenths of a percentage point last month, to 6.6 percent, the lowest level since March 1980, the Labor Department reported today.

7% FOR ALL 1986

LEAD: New York State will not appeal a Federal court ruling allowing a New Jersey dairy to sell its milk in all five boroughs of New York City, Governor Cuomo announced yesterday.

CUOMO DECIDES NOT TO CHALLENGE RULING ON MILK

LEAD: In a six-month study, the drug ribavirin appeared to halt the progression of an early form of infection caused by the AIDS virus, a drug company announced today.

DRUG SEEMS TO HALT AN INFECTION CAUSED BY THE AIDS VIRUS

LEAD: The White House, seeking to bolster President Reagan's claim that he approved arms shipments to Iran as part of a broad-based policy, released documents today that showed other considerations beyond the release of American hostages in Lebanon.

2 KEY DOCUMENTS ON IRAN POLICY ARE MADE PUBLIC BY WHITE HOUSE

LEAD: Congressional investigators have found evidence that Lieut. Col. Oliver L. North coordinated many arms shipments to the Nicaraguan rebels through Portugal, according to Congressional sources.

NORTH IMPLICATED IN USING PORTUGAL IN CONTRA SUPPLY

LEAD: Iran mounted a new offensive in the Persian Gulf war early today, and both sides reported heavy fighting near the southern Iraqi city of Basra.

THOUSANDS REPORTEDLY KILLED

LEAD: Currency Change Likely   Europeans will discuss a series of new currency values this weekend.

INSIDE

LEAD: The Cuomo administration, under increasing pressure from national Democratic figures to signal whether the Governor will run for President, sent not one but half a dozen signals over the last week, most of them contradictory.

Confusion Is Evident On a Presidential Bid

LEAD: International#3-6, 28 Oliver L. North may have planned many arms shipments to the Nicaraguan rebels through Portugal, according to Congressional sources who say the Senate Intelligence Committee has uncovered evidence. Page 1 White House documents show that considerations beyond the release of American hostages influenced the President's authorization of arms shipments to Iran.

NEWS SUMMARY SATURDAY, JANUARY 10, 1987

LEAD: ''This is a very bullish employment report.'' - Jay N. Woodworth of the Bankers Trust Company.  [ 50:1. ]

Quotation of the Day

LEAD: An article yesterday about former New York City officials who have faced prosecution because of the corruption scandal described Stanley M. Friedman, the former Bronx Democratic leader, incorrectly. Last month, after he was found guilty of corruption, the Appellate Division of State Supreme Court suspended him from practicing law.

Correction

LEAD: Israeli jets rocketed Palestinian targets near Sidon today, and shellfire from Christian militiamen shut down the Beirut airport again.

Israelis Stage Air Raid On Targets in Lebanon

LEAD: Secretary of State George P. Shultz gave an optimistic assessment today of the Chadian armed forces' ability to counter Libyan troops in their continuing battles in northern Chad.

SHULTZ SEES CHAD GAINING AGAINST LIBYA

LEAD: A Washington dispatch yesterday, about the Senate committee report on arms shipments to Iran, incorrectly attributed a comment about the report. A reporter for The Times spoke by telephone not with Vice Adm. John M. Poindexter but with his wife and understood her to be relaying a comment verbatim from the admiral.

LEAD: A mood of disquiet and fears of violence gripped France today as a succession of public-sector strikes continued to cripple the national railroad, the Paris subway and bus systems and the state-run power company.

A CRISIS MOOD GRIPS FRANCE, HIT BY STRIKES

LEAD: A correction in this space yesterday in some copies, referring to a chart in Sports Pages last Tuesday, misidentified the league in which the Buffalo Bills and the San Diego Chargers played in 1964. They were members of the American Football League, which merged with the National Football League in 1970.

LEAD: Because of editing errors, a Bangkok dispatch on Jan. 3 about Prince Norodom Ranariddh, a Cambodian guerrilla leader who is Prince Norodom Sihanouk's son, incorrectly described his travels and the relative size of the Khmer People's National Liberation Front. Prince Ranariddh said he shuttled back and forth between the Cambodian border and Bangkok, not Beijing.

LEAD: The Government banned an unofficial education group today from holding meetings to discuss its alternative program for black schools.

Pretoria Bans Meetings By Educational Group

LEAD: The Justice Department has suspended three grand jury investigations focusing on the private American supply network aiding rebel groups in Nicaragua, department officials said today.

3 INQUIRES HALTED BY JUSTIC DEPT.

LEAD: The weekend begins early here, a hiatus in a segregated black township from a workweek in a segregated white town, and it is celebrated in a ritualistic kind of way.

A NEW BLACK TOWNSHIP IS RESIGNED, NOT DEFIANT

LEAD: A bomb ripped through parts of a leading department store in central Johannesburg today, causing a fire and extensive damage.

BIG JOHANNESBURG STORE IS DAMAGED IN BOMBING

LEAD: The Sandinista Government put a new Constitution into effect today, and opposition groups moved to take advantage of its provisions by staging protest marches in two cities.

OPPOSITION TESTS IT

LEAD: Following are the texts of an intelligence finding authorizing clandestine operations by the United States Government signed by President Reagan on Jan. 17, 1986, and of an attached memorandum on the finding made public by the White House today:

TEXTS OF ORDER BY REAGAN AND MEMO

LEAD: A conservative political fund-raiser who worked closely with Lieut. Col. Oliver L. North gave cash to a senior Nicaraguan rebel official last year, gave money to a contra political office here and also gave money to several other pro-contra political activities in Washington, according to several contra officials and lobbyists for the rebels.

CONTRAS SAY CASH CAME FROM ASSOCIATE OF NORTH

César Augusto Cielo Filho is a Brazilian former competitive swimmer who specialized in sprint events. He is the most successful Brazilian swimmer in history, having obtained three Olympic medals, winning six individual World Championship gold medals and breaking two world records.

César Cielo, Brazilian swimmer

César_Cielo

Marion Hutton was an American singer and actress. She is best remembered for her singing with the Glenn Miller Orchestra from 1938 to 1942. She was the sister of actress and singer Betty Hutton.

January 10, 1987

Headlines from January 10, 1987

FOR GIANTS' FANS, EUPHORIA IS TEMPERED WITH DISBELIEF

7% FOR ALL 1986

CUOMO DECIDES NOT TO CHALLENGE RULING ON MILK

DRUG SEEMS TO HALT AN INFECTION CAUSED BY THE AIDS VIRUS

2 KEY DOCUMENTS ON IRAN POLICY ARE MADE PUBLIC BY WHITE HOUSE

Billboard 200

Bruce Springsteen & The E Street Band 1975-1985

Slippery When Wet

Third Stage

The Way It Is

Fore!

Notable Births

Notable Deaths

Historical Context for January 10, 1987