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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 16, 1971
Page
15
Stock markets show mixed movements as commodity shares surge on copper output cuts from Chile while lenders tweak prime rates. Amrep dips, California Computer climbs, and ITEL posts gains amid broader sector shifts.
Chicago futures show beans near steady while corn and wheat edge higher amid active trading. Livestock prices fluctuate with steers and heifers steady, cows up to 25 cents higher, and hogs showing mixed gains as traders digest pork and beef demand signals.
Markets show steady hog prices on Tuesday in Cedar Rapids while local news notes a council discussion about urban renewal projects. HUD later ordered re advertising of construction contracts not awarded before February 23, affecting the Neighborhood Development Program contract approved in February.
The city learned federal action during the Nixon era made voiding the contract unnecessary. HUD and city staff say the rescission was a mistake and bids will be opened March 31 for the $146,000 project. Relocation costs will shift to a third of expenses starting July 1072 under new federal procedures.
EL CENTRO California AP police arrested GB Jican after his wife said he shot with a pistol. Charges dropped with Duncan asking officers to keep his high caliber Colt revolver until he removed off. That was June 21 1923. On March 19 1971 police got a letter from Duncan asking for his pistol back. He claimed to have fired off. Duncan is 4 and lives in Houston. Police found a record of his arrest but are still looking for the gun.
A fragmented Chicago style UPI market summary lists butter egg potato and produce prices. It notes price levels for butter eggs and potatoes, with references to delivery standards, carton formats, and mixed demand signals across Minnesota Dakota and New York wholesalers.
Urban renewal credits for community improvements can cover relocation costs, says Salyer. In another urban renewal project the federal government asked for up to date housing warranty data as a prerequisite for Neighborhood Development Program second year approval. Consultants note vacancy rates from the postal apartment and 1970 census but report discrepancies. Salyer hopes that submitting more information will not delay the second year activities starting April 1.
Washington AP report shows industrial production fell four tenths of a percent last month after two prior gains. The Federal Reserve Board notes the drop comes as auto strike effects fade and questions the pace of the Nixon plan to boost the economy. The index sits at 164.8 percent of the 1957-59 average, 5.6 percent below July peak.
In Jerusalem Premier Golda Meir won a 62 to 0 confidence vote in the Knesset on her Jordan policy after a riotous session that saw right wing deputies walk out. The debate centered on the 1967 war's aftermath and possible demilitarization of the Sinai under international supervision.
DES MOINES UP I) If there ever was a time to help the Democratic party it is now said a letter to Governor Robert Ray demands contributions to the Democratic campaign fund for 1972. Ray replied he will not contribute. The appeal, from Democratic National Chairman Lawrence OBrien, sought support from Iowa leaders at the governor’s mansion Tuesday.
Mrs Meir faces criticism from political allies for hints on evacuating parts of the occupied west bank while stressing borders must be negotiated. She denies maps or fixed borders, says her statements were misinterpreted, and reiterates reservations about adding 600,000 Arabs to Israel to preserve the Jewish character of the state.
Syrian President Major Assad announces a military union with Egypt placing armed forces under a single command. Diplomatic sources say the pact allows Egypt to establish airbases in Syria enabling easily targeted strikes on Israeli cities.
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