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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 09, 1969
Page
15
New York AP reports steady to higher finishes after a late uptick in bank rates to 8 percent and a 25 thousand troop withdrawal in Vietnam. Trading was moderate as losses spread across major groups, with declines broadening from midday levels and volume at 10.65 million shares.
Chicago reports uneven barrows and gilt prices with slaughters steady to higher in cattle, while grain futures advanced on active buying before late liquidations. New crop options rose in major futures as traders weighed the impact of rising prime rates. Also noted were New York livestock quotes and a Linn County death by hanging investigated as a possible self-inflicted incident.
Washington AP reports Connecticut Democrat Joseph Duffey was elected chairman of Americans for Democratic Action at the 22nd annual convention. Duffey, 37, an ordained minister and Hartford Seminary urban studies director, succeeds Harvard economist Fae Kennett Galbraith. The ADA backed four year term limits for Congress, proportional representation for delegates, immediate draft end, and unilateral U S troop withdrawal from Vietnam.
The National Safety Council will present an Award of Merit Thursday to Cedar Rapids officials for the citys excellent safety record. Howard Pyle said the city qualified due to a 1968 injury rate 48 percent better than par and an injury severity 51 percent better. Gene Pugh will speak, Wayne Murdock will present the award to Safety Commissioner John Oberthien.
President Nixon encounters strong Republican opposition in Congress on electoral reform tax and poverty measures. House and Senate Republicans resist electoral vote changes, back direct elections, demand shifts on tax reform, and critique the postal reform plan. The split reflects liberal versus conservative factions, complicating passage of his 1972 agenda.
Washington reports unemployment steady at 3.5 percent in May with payroll gains of 90,000. Bureau notes slower growth after rapid earlier gains and a likely cooling economy. In Japan, seniors are taught use of knife and fork though text is garbled.
Walter J Kassuba filed suit in Linn district court Monday appealing the 1969 assessment of 1H59 020 on his apartment house at 2060 Glass Road NE. He argues the actual value is 1 449 692 02 with an assessed value of 391 416 84. The complaint cites market saturation, depreciation from deterioration and poor construction, rising maintenance costs, slower occupancy, and projected losses as factors the assessor and board of review failed to consider.
Donovan L. Young, 96, of 5544 Xiiger Street SW, pled innocent in Linn district court Friday to a drunk driving charge and was released on his own recognizance. Police arrested Young May 29 on Hawkeye Downs Road between Sixth Street and J Street after reporting erratic driving.
A Coggon sale barn was robbed between 7 PM Sunday and 7 30 PM Monday. An electric saw valued at 35 and a drill valued at 45 were taken from an unlocked tool room. A deputy reported a locked room door forced open but nothing else missing.
The Merchants National Bank files petitions against Virgil Beknap for a $3,955.89 retail installment contract and against Gerald Toure for a $6,015.31 retail installment contract. Both actions concern retail installment agreements and seek court intervention.
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