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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 03, 1967
Page
8
Dr. Walter Hibbard, director of the federal bureau of mines, says the U S will use minerals from the sea and urges readiness with legislation diplomacy and organization for tapping oil and natural gas from the ocean bottom.
A UPI feature notes Soviet espionage in the United States may involve tens of thousands of spies, with 75 000 to 100 000 operating domestically. It derides glamor in spying, cites payoffs and risks, and profiles cases like Col Stig Wennerstroem and Col Rudolf Abel, plus an American convict, Herbert Boeckenhaupt, as examples of the lonely, perilous life. The piece ends with TV listings for That Midnight Kiss on KCRG.
Two Chicago and North Western railway employees were suspended after four freight trains plunged into the Milwaukee River. Roland McDonough, division superintendent, cited the incidents and the suspension as a disciplinary action.
The main library adds special reference works to its science and technology collection funded by a grant from the Seven Rivers Library System. New items include Mathematics Illustrated Dictionary Bendick and Encyclopedia Dictionary of Electronics and Nuclear.
A reader questions why Missouri Pacific A stock yields about 6 percent while a 2030 bond yields 7.3 percent and how a potential merger with Union Pacific could affect the Class A stock. The article explains bond precedence, tax and payment timing, and the market dynamics that make stock appear pricier than the bond, noting merger-driven growth potential and investor behavior.
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