We analyze the linear stability of a system of n equal mass points uniformly distributed on a circle and moving about a single massive body placed at its center. We assume that the central body makes a generalized force on the points on the ring; in particular, we assume the force is generated by a Manev's type potential. This model represents several cases, for instance, when the central body is a spheroid or a radiating source. The problem contains 3 parameters, namely, the number n of bodies of the ring, the mass factor μ, and the radiation or oblateness coefficient . For the classical case (Newtonian forces), it has been known since the seminal work of Maxwell that the problem is unstable for n ≤ 6. For n ≥ 7 the problem is stable when μ is within a certain interval. In this work, we determine the region ( , μ) in which the problem is stable for several values of n. Unstable cases (n ≤ 6) may become stable for negative values of .