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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Oct 06, 1976
Page
3
AP report notes fluctuating New York stock activity with gains and losses across key indices. Market values show notable swings from week to month ago as investors reassess equities and bonds under uncertain conditions.
A Senate subcommittee report accuses Secretary of Agriculture Callaway of pressuring a Forest Service decision favoring Crested Butte Development Corp. The 176 page document notes a meeting at Callaway's office and cites a memo by J Phil Campbell urging stronger action, while Callaway defends lack of direct evidence and criticizes partisan timing.
Stocks listed show mixed early action with low opening and uneven closes. Notable figures include Dow components and various bonds and industry indicators, while commodity and industrial metrics appear fluctuating across the session.
Chinese Foreign Minister Chiao Kuanhua denounced Soviet expansionism in a hard hitting General Assembly address. He warned of an inevitable U S Soviet clash, urged developing nations to distrust Moscow, and criticized internal Soviet problems while highlighting a Maoist analysis of a world headed toward war. The speech followed Gromyko’s recent peace bid and offered a militant read of global tensions.
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