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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 26, 1975
Page
13
NEW YORK AP investors trimmed trading as Christmas approached but stocks edged higher. Dow Jones 30 Industrials up 2.8 points to 854.77 with a 13.31 point two-session gain. sector leaders included financials and mortgage-linked stocks. Bond prices rallied as long-term rates fell. Fed reserve deposits eased slightly.
In Charlotte North Carolina two witnesses uncovered a 26 foot long tunnel leading to a bank inside a shopping center. Workers cemented the tunnel on Christmas Eve and police found digging tools near the entrance. The tunnel ran to a North Carolina National Bank branch under a mall parking lot bridge.
A bus slid off a mountain in the Andes on Christmas Eve, killing at least 22 passengers with additional injuries reported. The crash occurred near the ancient Inca capital, Cuсa, as authorities investigate. In a separate note, prosecutors complete final arguments in a separate high-profile case.
Market notes from Cedar Rapids show lower bids on butcher cattle and hogs with mixed discounts by weight. Sheep and poultry quotes drift, while regional reports from Des Moines and Omaha reflect steadier tone and varied price ranges across meat sectors.
Chicago report states Senator Henry Jackson withdraws from the Illinois Democratic primary to honor favorite Adlai Stevenson. Campaign manager Jack Guthman says Jackson released delegates pledged to him for the March 16 primary as Stevenson has not ruled out delegates. Stevenson has declined to run for president.
New Delhi Prime Minister Indira Gandhi is expected to seek continued emergency powers and constitutional changes restricting Parliament. She will outlined at the Congress party convention in Chandigarh starting Monday. Authorities say the emergency extension would sustain repression including imprisonment of opponents, press control, and suspension of civil liberties.
Washington AP report notes GLA director William Colby condemns Counterspy for using the Welch murder to attack the CIA while Counterspy accuses Colby of paranoia. Welch, a CIA liaison to the Athens embassy, was shot by three attackers. Ford praised his service.
A federal judge in Buffalo dismissed a million dollar civil rights suit against VP Rockefeller over the Attica prison revolt. Johnnie Barnes alleged violations tied to his son John Barnes's death during the 1971 assault. Judge John Curtin allowed 20 days for an amended complaint to show direct causation by Rockefeller.
DETROIT AP The Ford Motor Co chairman says Ford will be very flexible about price increases and may consider a partial rollback if consumer resistance grows. Henry Ford II notes a possible reconsideration if GM also raises prices, as Ford plans average sticker hikes of about 97 dollars on 1974 lineup with some options up 16 dollars. Chrysler and AMC also moving price actions amid industry talks.
A major blaze in Istanbul destroyed about 1,000 shops across three small buildings in the old city district. Police reported no casualties though officials warned the damage could rise. flames began around 9 am and continued six hours later near densely packed cloth and textile shops. Another fire earlier destroyed 144 shops elsewhere in the city.
Detroit AP attorney William Bufalino, arguing over the Hoffa disappearance probe, claims a government informer is in Stephen Andretta's Milan prison cellblock. Bufalino says outside calls from Andretta are monitored but offers no explanation.
Larceny reported from 3200 Wood Avenue SE where Glenn Forre stall had a 12 gauge automatic pistol and a 12 gauge automatic shotgun stolen from a locked vehicle at 810 Fifteenth Ave SW. Incident occurred between 4 am Wednesday and 10:30 pm Thursday. Also listed are ads for carpet cleaning, a Navy leave notice for Kai M. Collins, and various community notices including Medicare coverage for patient needs, a Wisconsin Whitewater BA degree, a ski holiday priced at 39 per person, and a physician fellowship for Dr. JA Smirha. Additionally, a wrestling event at Ames on January Suh is noted with transportation and admission.
The Soviet supersonic jet began regular mail and service with a Moscow Alma Ata run. The plane completed the 2050 mile trip in 119 minutes at over 1000 mph and 57,000 feet. Passenger service slated for second half of 1976. environmental studies noted for future flight agreements.
Patrick A. Cannon reported a burglary at his residence on Second Avenue SH, where an electronic equipment collection and a tapestry valued at 3507 dollars were taken. Items stolen include a television, amplifier, turntable, two speakers, an AM FM radio receiver, six record albums, and the tapestry. The thief remains at large as police investigate the Wednesday break-in.
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