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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 19, 1968
Page
1
The reader discusses balancing growth and income in investments with emphasis on utilities and steady dividends. It contrasts growth stocks with income stocks and explains bonds offer fixed interest, noting inflation erodes purchasing power while bonds can provide reliable cash but limited upside. The author references personal study of investment books and hints at reallocating toward steady income amid rising prices.
Three men were injured when driver John P. Schirmer 28 of 1335 Airlines Jet lost control on First avenue and Fourteenth street West. His car crossed in front of James P. Mahoney and collided. Schirmer was charged for the mishap. Mahoney suffered facial lacerations and was treated and released.
The Iowa City community school board reviewed bids on West High School construction with bids from Garmer Construction Co. Des Moines for general work at 98 103 and Viggo M Jensen Co Iowa City at 98 968. Mechanical bids came from C P Rohde Inc Cedar Rapids at 51 155 and AAA Mechanical Contractors Iowa City at 51 829. Electrical bids included Jackson Electric Town City at 12 720 and 14 000 for an alternate sound system. Paulsen Electric Co Cedar Rapids at 15 750 and 19 600 for the alternate. Completion items cover classroom tile flooring a cafeteria partition dressing rooms gym teaching stations and tennis courts. The board also adopted a 18889 school calendar featuring two in service days for elementary parent teacher conferences with school set to begin September 3 and end June 11 1969.
Raymond Nedrow of 155 Oklahoma avenue SW was fined 100 and costs in Judge Clinton Shaeffer's municipal court Friday on a charge of obstructing a railroad crossing. The Aug 16 incident involved a Milwaukee Road train delaying traffic at Fourth Street and First Avenue. Burial details list Green's Grove Cemetery with services at Murdoch Chapel.
Sam Becker announced the 1968 chairmen for the central retail merchants bureau of the Cedar Rapids Chamber of Commerce. Co chairs are Ralph Davis and W B Lagle for Christmas decorations. other members include Chandler Higley Howard Donohue Joe Enzler Bruce Boyson Marvin Graybeal Abbott Lipsky Allan Perm sky E Gordon Larson Wally Miller and Jack Bishop overseeing programs promotions funds and events.
Three 15-year-olds were arrested at two Cedar Rapids stores for shoplifting. One was caught at Robinson's on Sixteenth Avenue SW with a record, released to parents, referred to probation. Two others fled from Ciask Food on Ellis Boulevard NW with six years of goods, were detained by police and released to parents, referred to probation.
William Will Lanning of Center Point aged 83 died Thursday in a Springville nursing home. Born February 14 1864 on a farm south of Center Point he married Elza Mink at Soldier Idaho May 21 1913 who died in 1921. He later married Eather Hoglan June 12 1929 at Marion. Surviving are his wife two daughters a step daughter a sister a brother and numerous grandchildren.
Independence Marcia Henderson 18 faces a charge of failure to have her vehicle under control after a pickup ran a T intersection and crashed through a barbed wire fence southwest of Independence Thursday night. FEED THE BIRDS Award Contracts for W. Dubuque Buildings. EPWORTH Western Dubuque school board awarded $1,195,000 in contracts for Epworth and Farley additions. Spencer Construction won the general bid at $703,705. Work to start March 15 with a 1969 completion target.
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