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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 10, 1973
Page
3
The U S dollar opened significantly stronger across London Paris Frankfurt Brussels and Zurich on Tuesday after a late Monday rally. Dealers noted gains as markets opened but remained wary as the session progressed with uncertainty hanging over the currency.
New York stocks climbed as investors priced in U.S. and foreign government actions to bolster the dollar. The Dow rose about 10 points to 807.72 at midafternoon while NYSE advances led declines by four to one. The gains followed signals that U.S. reserves were aiding currency support abroad and the Federal Reserve expanded swap line access by 1.25 billion dollars to back the dollar.
Williamsburg Michigan residents face ongoing natural gas seepage with 85 families evacuated since April. Nine homes remain vacant due to dangerous gas concentrations while others are being inspected. authorities coordinate with state resources to stabilize the site and relight the path to recovery.
Shingleton Michigan UP I reports an Amish family from Athens Maine stranded with a wagon and lame horse along highway M 28 between Shingleton and Seney. They refuse motorized help citing religious doctrine saying God will supply their needs as state police monitor the prolonged camp by Driggs River, noting the family’s journey from Maine toward Montana.
A suspicious wife makes an unannounced office call and introduces herself to the new secretary Linda, remarking that her husband has spoken little of her. The line hints at tension and possible emotional motive behind the visit.
Six bids for the Cedar Rapids runway overlay project came in under the $2,704,500 estimate. The apparent low bid of 1,917,743.52 by Cedar Rapids Asphalt and Paving Co is about half a million below the estimate, with four other bids also under budget. Construction costs only, engineering and admin are extra, to be reduced proportionally. FAA approval and related costs will determine final price, with project funded in part by a $1.5 million general obligation bond approved last month.
In testimony to the senate Watergate committee, former aide to the President John Mitchell denied approving wire tapping but said he went along with cover up steps to shield the White House. He insisted Nixon likely unaware, and that his motive was to prevent public knowledge of the plumbers and related abuses. He debated Magruder’s testimony and claimed he did not approve the March 1972 plan in Key Biscayne.
Des Moines AP report on the 197 legislative debate over a new gambling law. Attorney General Richard Turner argues the measure fails to clearly define permissible games, risking wide legality and prompting possible court action to clarify licenses and scope. He notes vague language could allow hundreds of traditional carnival games.
Former Attorney General Mitchell testifies before the Senate Watergate committee while questions swirl about Martha Mitchell and her absence. He jokes with reporters about watching hearings, denies personal comments, and deflects inquiries about Nixon and private accommodations.
The Council announced a nationwide audit of the petroleum sector to detect price control violations and gauge the gasoline shortage. IRS agents will monitor prices, octane ratings, and supply shifts in 20 districts, with enforcement actions for freeze violations.
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