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Newspaper
Lawton Constitution
Location
Lawton, Oklahoma, United States of America
Date
Jul 09, 1973
Page
3
AP Farm Writer Don Kendall reports that a record export surge for wheat, corn, and soybeans is adding about 2 billion dollars to consumer food costs this year. Retail prices are seen rising at least 12 percent amid tighter grain reserves and higher feed costs.
The article notes soybeans and other crops near record highs in 1973 due to large exports, especially to Russia. It cites price jumps for wheat corn soybeans and meat, with expert analysis from Jimmy L. Matthews on how export demand and dollar devaluation boosted farm prices and shifted U.S. agriculture toward a global free market.
New York AP report shows individual investors fell from 32.5 million in 1972 to 31.7 million in 1973. Sindlinger & Co. says 3.5 million accounts closed since January. Industry officials credit loss of confidence and fear of market unfairness, while NYSE study notes fear and protection concerns among small investors.
A large convoy rolled into Phnom Penh via Highway 5 from Battambang as the capital’s other major supply road was retaken from Khmer Rouge insurgents. The reopening followed five days of heavy fighting with U S air strikes and eased shortages, though both roads face future disruptions.
Two fatalities reported on state roads as Collinsville officer Michael R. Flaherty 30 dies after a collision near Oologah and Enid youth John Gerard Stader 18 dies in a head on crash on U S 81 in Garfield County. Oklahoma traffic toll for 1973 reaches 365 with several passengers listed in satisfactory condition.
A crowd of several hundred West Berliners ripped a six foot hole in the Berlin Wall after East German guards fired at would be escapees. West Berlin residents pulled down a wire frame fence as police moved in to restore order. the hole was later rewired by East German authorities. The event marked one of the era’s most serious public expressions of fury over the barrier.
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