News stories from Tuesday November 30, 1976
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Utah's Board of Pardons voted 2 to 1 to let the trial court that sentenced Gary Gilmore to death for murder set a new date for his execution. Forces opposed to capital punishment are now expected to seek a stay of execution against his wishes that could delay the case into next year. [New York Times]
- A steel company chief volunteered to lead a delegation to discuss with President-elect Carter the recent steel price increases. Thomas Graham, president of Jones and Laughlin, proposed to review the reasons in detail. Mr. Carter had expressed concern that the price rises might touch off another round of inflation nationally. [New York Times]
- Stock prices were down moderately, with Dow Jones industrials closing at 947.22, off 2.83 points. Treasury notes sold at an average interest rate of 5.91 percent, far lower than at any time since it began selling these four-year securities on a regular quarterly basis. [New York Times]
- A former Teamster official was indicted on charges of receiving a $200,000 kickback in 1974. A federal grand jury in Chicago accused Alvin Baron, 51 years old, who was a manager of the union's main pension fund, of soliciting and receiving the bribe from a California cemetery owner for a $1.3 million loan from the fund. It was the biggest legal action involving an official of the fund since James Hoffa, the former union chief, was convicted of fraud in 1964 involving the fund and sent to jail. [New York Times]
- A senior Korean C.I.A. official in Washington has asked for political asylum and is cooperating with the investigation of alleged Korean bribery of members of Congress, federal officials said. Meanwhile Democratic and Republican leaders in the House of Representatives called for a congressional investigation of the alleged influence peddling. [New York Times]
- The Kremlin appealed to the incoming Carter administration to join in pushing through the stalled Soviet-American accord on strategic arms. Addressing a visiting American delegation at a dinner in Moscow, Leonid Brezhnev, the Soviet leader, said it was high time to end a freeze imposed by Washington almost a year ago and asked the new administration to act in the same spirit. [New York Times]
- China's war machine is impressive but not equipped for modern combat, in the opinion of the military correspondent of the New York Times, who observed it at the invitation of the Ministries of Defense and Foreign Affairs. In a war with the Soviet Union, China's vast manpower and military doctrine might be more than matched by Soviet superiority in sophisticated missiles, aircraft and tanks. [New York Times]
- Britain's Labor government, responding reluctantly to a rising tide of nationalism, published a bill to establish separate legislative assemblies in Scotland and Wales. Each would have power to legislate and spend money in many fields. If the measure survives in Parliament, it would mark the first real shift of power away from the central government since 1707. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 947.22 (-2.83, -0.30%)
Arms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish. | |||||||||||||||
| Market Index Trends | |||
|---|---|---|---|
| Date | DJIA | S&P | Volume* |
| November 29, 1976 | 950.05 | 102.44 | 18.75 |
| November 26, 1976 | 956.62 | 103.15 | 15.00 |
| November 24, 1976 | 950.96 | 102.41 | 20.42 |
| November 23, 1976 | 949.30 | 101.96 | 19.09 |
| November 22, 1976 | 955.87 | 102.59 | 20.93 |
| November 19, 1976 | 948.80 | 101.92 | 24.55 |
| November 18, 1976 | 950.13 | 101.89 | 24.00 |
| November 17, 1976 | 938.08 | 100.61 | 19.90 |
| November 16, 1976 | 935.34 | 100.04 | 21.02 |
| November 15, 1976 | 935.42 | 99.90 | 16.71 |