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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 07, 1973
Page
2
New York reports mass margin calls deepen the stock slump as investors face requests for more funds or forced sales. About 730,000 individuals held margin accounts with $7 billion borrowed, while 65 percent is the federal margin rule threshold.
Dr. Malcolm Currie of Fullerton California is named director of research and engineering at the Pentagon by President Nixon. Currie 46 is to replace Dr. John Foster who held the post since 1969 after Foster resigned. Currie has been vice president for research and development at Beckman Associates in Fullerton.
Bristol officials accuse local candy shops of selling shandy lemonade and 2 percent beer to minors. The council says the so called near beer tempts children to seek stronger drinks.
A quirky take on saving money urges readers to begin with Morris Plan and save 514 percent effort, noting even animals know the value of thrift and planning ahead.
Eight Eastern Iowa youths earned U.S. military academy appointments announced by Congressman John C. Culver. Michael Servey received a presidential nomination to the Air Force Academy at Colorado Springs, with others named to the Air Force Academy, West Point, and the U.S. Merchant Marine Academy at Kings Point. Names and addresses of the nominees are listed, including Scott Moore James Cerney Tom Hyde Kirk Tibbetts Jon Westphal David Bartels and William Crabbs.
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