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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 14, 1972
Page
18
New York stocks rose Friday after five straight declines as the Dow Jones industrial average gained to 922.75 and the New York Stock Exchange and American Stock Exchange indices moved higher. Advancing issues led gainers with blue chips and glamour issues helping push the market.
Investors note oversold market while focusing on nominations and strong economic data. Pan American leaps to 144 with 294000 shares, IBM up 8 to 30034, Burroughs rising 6% to 189% after improved earnings. Soybeans firm on export sales and higher futures. wheat, corn and oats mixed.
Emergency contact information for Cedar Rapids is updated with new numbers. Local officials urge residents to save the contacts and share the details with neighbors and visitors for quick access during emergencies.
UPI dispatch reports slow demand in Des Moines and Webster City with butchers steady to 25 cents lower, saws down 25, and midwestern dress meats weak to lower. Price ranges in Omaha Chicago and Postville reflect broad declines amid weak overall buying, while Friday yields lag behind prior weeks.
City and airline officials clash over a proposed 1 per departing passenger tax. Airlines argue they cannot compel passengers to pay and refuse to collect it, while Des Moines contemplates legal action to recover the levy. The dispute centers on whether the city can bill airlines for the tax and enforce payment from travelers.
WILTON IOWA AP Mrs Grace Yvonne Hasmussen 40 of rural Wilton was killed Thursday in a car tractor crash on a county road between Muscatine and Cedar counties Cedar county sheriff officials said Mrs Rasmussen s auto collided with a tractor driven by Carl Ball 46 of rural Wilton when he pulled out of a field driveway. Ball was charged with failure to yield right of way out of private drive by the Cedar county sheriff s office.
A congressman writes about explaining U S politics to an Australian visitor during the Democratic National Convention. The discussion covers delegates on the floor, televised proceedings, late-night sessions, and the idea of the vice presidency as an all volunteer role amid mockery of political youths and “flesh pots.”
North Vietnam and Soviet supplied Strela missiles disrupt U S and South Vietnamese air operations. The heat seeking SA-7, effective against helicopters and propeller planes, has downed multiple aircraft near An Loc and along Route 13. U S and allied pilots report degraded air activity as missiles force higher altitude patrols.
A car with a flat tire swerved across US highway 70 near a Memphis suburb and struck a Greyhound bus, killing the car's sole occupant and injuring 20 bus passengers. The crash damaged a utility pole and fence, sending the bus into a pasture. Witnesses described a loud tire noises and a near head on impact. Authorities cited Ohio plates on the car.
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