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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 28, 1992
Page
20
US West Communications will dismantle a 305 foot tower atop its building at 615 Third Ave SE in Cedar Rapids starting Wednesday. The removal should take about a month and ends a downtown landmark from the Northwestern Bell era.
In Cedar Rapids, Ilyushin Aircraft Association accepts the first Collins avionics shipment for the IL-96M. Collins engineers will collaborate with Russian teams to adapt equipment for a 375 passenger jet. The project aims to debut a prototype in the Paris Air Show next year.
House leader Richard Gephardt called on the Bush administration to address pollution and worker rights in a free trade agreement with Canada and Mexico. He urged a cross border transaction tax to fund retraining and infrastructure, while Carla Hills defended environmental goals and warned taxes could hinder trade. Gephardt pressed for enforceable protections and a retraining program for workers displaced by shifting production.
Above normal rainfall in July benefits Iowa corn and soybeans but maturation requires sunshine. Late planted crops risk drowning from rain while warm days are scarce. Iowa had its rainiest July since 1958 with below normal temperatures. Crop ratings show corn 29 percent excellent and 60 percent good, soybeans 23 percent excellent and 64 percent good. Topsoil moisture mostly adequate with some surplus. subsoil moisture tight in places. Livestock and pastures show improvement though hay harvest hindered by wet conditions.
The Dow Jones average closed down 3.51 points at 3282.20 after a brief rally attempt. Volume on the NYSE slipped to about 164.69 million shares. Advancers slightly lagged decliners 9 to 8 with 14 issues up, 20 down, and five unchanged. Royal Appliance led volume, Boeing and other blue chips fell amid mixed earnings signals and Bank of Japan cut its discount rate to 3.25 percent.
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