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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 21, 1973
Page
16
The Dow Jones Industrial Average fell about 13 points as market declines spread across major indices. Rockwell International traded heavily after a lender offer, while TWA warrants and Amex saw notable price moves as overall activity remained tepid on the New York Stock Exchange.
Lower prices reported for Cedar Rapids hog market with Saturday deliveries of country and plant delivered butchers 200 to 280 pounds fetching 27.00 to 47.50 dollars. Packing sows and various weight grades noted with several fluctuating figures across weight classes and markets including New York and Des Moines reports.
CHICAGO AP report notes rare market move as soybeans up 2 cents per bushel to 4.58 for July, wheat higher, and corn gains with May options trading limits. Cash grain prices in Chicago show mixed readings with notable gains and limits in values.
UPI reports UAW President Legnaré Wandeock I says Atly Gen-Desirmile Eliot Richardson could win the GOP nomination. He notes Richardson would be favored after avoiding a scandal, while labor leaders hope for a race with Percy or Kennedy, counting on a favorable outcome for labor. A 20 year old tornado incident in Cedar Manis caused extensive damage.
In San Jose two paralyzed inmates Benjamin Escobar and Jesse Yates attempted to rob a Wells Fargo bank in Longbranch, fleeing after a dramatic gunfight. Escobar, bound to a wheelchair, disarmed a U.S. marshal. both were captured after wrecking a car and surrendering. The escape followed a federal sentence of 72 years for the pair in a prior robbery.
Three persons were injured but not hospitalized after a car struck a hole near railroad tracks at the Shaver road intersection with Slough road. Driver Rickey A. Larvey, 23, was treated for facial lacerations at St Luke's hospital. Two passengers, John St. John, 14, and Sandra John, 17, were detained at St Luke's. The crash occurred about 11 40 p m as the northbound car hit the hole beside the tracks.
Ripley Oklahoma reports John Webb 57 asserts a three inch perpetual motion model can power the nation without fuel or steam and could run indefinitely if not worn out. Frank Renfrow of Management Marketing Research Inc backs the project with a $100000 down payment plus cautious optimism. Webb has 16 years of work behind him in auto and aircraft mechanics.
CAPE KENNEDY AP reports the nuclear submarine George Washington Carver successfully launched a Poseidon missile on Saturday. This milestone ends a two-ship failure cycle and introduces a new armed capability for the fleet.
County officials met with mental health director Dr. Paul Penningrith and representatives of agencies to review care for patients in institutions. The group urged stronger supervision of commitments and a comprehensive approach to mental health services, including better funding and accountability to ensure proper placement and support for residents.
Short line railroads, typically under 100 miles, lack sophisticated equipment and personnel to match large carriers. The American Short Line Railroad Association cites 444 member companies representing about 10 percent of U S railroad firms, with emphasis on service to small businesses and freight traffic rather than passenger service.
In Burlingame California UPI reports two bandits robbed Velvet Myrtle restaurant. One fled into the ladies’ powder room where police arrested Carl Steuben, 20, a shipyard worker from Ontario California. His partner fled right and escaped.
SEATTLE AP A Veterans Administration study suggests life expectancy could extend to 120 140 years within 25 years if retirement age rises to 100. The Normative Aging Study indicates longevity will grow with cognitive competence and behavioral programs. Diet and disease prevention may help predict aging and maintain function longer.
Gulf Oil announces reduced gasoline allocations to regional distributors in the last half of May. The move targets premium and regular grades to align supplies with original distributor requirements. Company did not specify how much production would increase.
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