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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 30, 1974
Page
3
Federal researchers report a new process to extract methane gas from underground coal seams for commercial use. The method could double national natural gas reserves, with a test near here delivering enough gas to heat about 1,000 homes daily.
Three more major oil companies Phillips Petroleum Sun Oil Co Mara j Co Marathon Oil report sharp earnings gains for 1973 and Q4 1973. Phillips notes higher foreign production prices and tanker revenues lifting full year profits to $230.4 million, while Sun Oil posts a 50 percent fourth quarter rise to $75 million. Exxon Mobil and Texaco also show sizable year over year gains.
Boris Spassky advanced to the semifinals of the world chess championship eliminations in San Juan Puerto Rico after defeating American champion Robert Byrne. Spassky won the third game to clinch the quarterfinal match, needing six wins total in a best of sixteen, with three decisive wins and four draws so far.
Library trustees vote to close adult and Kenwood branch libraries on Friday evenings to save energy. Main library will stay open 7 am to 9 pm Monday through Thursday and 9 am to 10 pm Friday and Saturday, with Kenwood hours shortened to noon to 6 pm Friday and 1 am to ? pm Saturday.
TOKYO AP report notes that American youths once believed digging straight down leads to China. The National Council for US China trade and Chinese geologists discuss China’s oil reserves and the caution against drilling too deep to avoid reaching other regions. Former President Truman criticizes the Bricker amendment’s impact on treaty power and foreign policy.
The Cedar Rapids Chamber reports Cedar Rapids retail sales totaling $109,006,297 for the quarter and Marion at $10,002,043, with Cedar Rapids up 11 percent and Marion up 14 percent from the same period in 1972.
Pentagon sources say 149 Arab military pilots and technicians are in training in the United States. Countries include Saudi Arabia and four others amid oil embargo tensions. Iran sends 170 air crewmen and 662 technicians not participating in the embargo. Cedar Rapids area posts a 35 percent retail sales rise to 245,074 for the quarter with Linn County led by general merchandise and food sectors.
Brezhnev addressed a Havana crowd on an official visit, saying socialist nations seek peaceful coexistence and noting improved ties with the United States and other states. He defended Cuba’s military and economic support while denying intent to export revolution and stressing nonaggression.
Navy Secretary John Warner trims military band programs reducing authorized size from 39 to 25 per service. The Navy will save about 2 million dollars yearly while maintaining ensembles at regional centers nationwide and keeping Washington and Annapolis units.
Daytona Beach police search for a large white mixed breed dog involved in a hit and run that knocked down Eugene Bonnier of Pittsburgh while he tried to free his car from soft sand. He says he was bowled over by the dog and injured.
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