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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 15, 1994
Page
10
About 2 800 directories will be delivered by some 200 Cedar Rapids Chamber volunteers starting with a 7 30 a m kickoff at the chamber led by Mayor Larry Serbousek. Volunteers will wear dollar bills on their lapels as part of the event.
Corn and soybeans jumped on the Chicago Board of Trade after a report pegged planting well below expectations. Sparks Cos. estimated soybean acreage at 59.6 million and corn at 2 million bushels under 80 million. March corn rose 5 percent to 2.80 a bushel and March soybeans climbed to 6.88 a bushel.
Springfield mother Connie Bedell recalls warning her twin daughters Michele and Diana about credit use after both took on Visa and Discover cards as sophomores at Radford College. With no steady income, their creditors pursued Bedell to repay over four thousand dollars each.
Iowa farmland values rose 2 percent in six months with top-grade land at 2017 per acre nationwide. The Realtors Land Institute survey shows overall cropland up 10 percent in five years and 50 percent since autumn 1986, despite flood and rain effects. East-central Iowa topped $2 013 per acre for top grade cropland.
Marlene Lucas reports that junior House Agriculture Committee members, seen as inexperienced, should be educated by farmers to avoid misconstrued votes. Orion Samuelson urges proactive lobbying at Farm Outlook 94, warning Wildlife Federation and Sierra Club could fill the gap. He criticizes bovine growth hormone debates and slams Jeremy Rifkin’s anti-agriculture stance as risky for dairy economics.
The FDA announced a further recall of Alupent Inhalation Aerosol due to insufficient medicine in a batch, affecting three earlier lots and a new lot 930186A. About 24 reports arose from the prior recall, and patients are urged to contact their doctor, pharmacist, or the company at 1 800 542 6257 for guidance.
Norand Corp of Cedar Rapids posted record results for the second quarter and first six months of fiscal 1994. Q2 net income totaled 2 million on 45.0 million in revenue, up 24.6 percent from a year ago. For six months, net income was 2.7 million on 81.8 million in revenue, reversing a 500 thousand loss a year earlier. Noland President Robert Hammer said all segments contributed.
Souvenir Inc of Cedar Rapids will break ground next week on a 24,000 square foot addition to its 42,000 square foot facility at 202 F Ave NW. The expansion boosts total space by 57 percent, adding manufacturing warehousing and a break room but not increasing near term jobs.
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