The Gazette from Cedar Rapids, Iowa • 1

I '111 I 4 1 CITY FINAL 10 CENTS 1 Variable cloudiness, chance of showers through Friday. Lows tonight In 50s. Highs Friday In 70s to 80s. VOLUME 88 NUMBER 139 CEDAR RAPIDS, IOWA, THURSDAY, MAY 28, 1970 ASSOCIATED PRESS, UPI, NEW YORK TIMES ft 7 IN 3: 1 1 ME Nixon in Optimistic Report to Business GlCaiile Toll Last Advance Resumes; Volume Up NEW YORK (AP) Stock Unveil List Of Calls on Ted's Card BOSTON (AP)- A list of the weighted with heads of financial institutions, indicating Nixon's primary concern was to reassure the jittery market. bS' V- WASHINGTON (AP) Presi dent Nixon has personally reas sured some of the nation's top business men that the underly ing 'economy of the nation is very strong and emphasized that he expects an economic up turn in the last half of this year.

Press Secretary Ronald Ziegler, reporting this Thursday, said Nixon also discussed wage-price problems at a dinner with the 42 business men Wednesday night. Some of those attending said they interpreted the President's remarks as a call for voluntary action to curb wage and price increases, but Ziegler said Nixon made no such direct appeal. There was "no discussion along" the lines of asking them to hold the line on prices," the secretary told newsmen. Cambodian Issue Nixon, however, expressed concern "for some of the distor tions that exist now in the econ omy as the result of five years 'of inflationary Ziegler said. Nixon, in the two and one-half hours of private give-and-take with the business and financial leaders, tried with apparent succeis to calm their doubts about his decision to moye troops into Cambodia.

Ziegler said Nixon expressed his confidence in the Cambodian decision, called the operation highly successful and said it assured continuation of the Viet- namization program on course, including the scheduled pullout of 150,000 troops by next spring. Chairman Arthur Bums of the Federal Reserve Board told the group he recognized some uneasiness in the country and "some ce about liquidity," Ziegler reported, but assured the gathering that the board was aware and would dis charge its "Very But Ziegler said there was no discussion of any Federal Re serve steps to ease credit or bring interest rates down. As for the budget, the secre tary said Nixon made very clear" that his policies of bud get restraint have had an effect on government economy and that he intends to continue them. The executives, according to several who were there, told Nixon the, Cambodia decision was a major factor in the stock market's plunge. He responded that, whether the nation realizes it or not, the military move will hasten the day of withdrawal from Vietnam.

"We were very encouraged," one business man said after ward. "It was a good meeting;" another said. third said the group's reaction was "very pos itive regarding his general pro grams. Refused Names Those who consented to re view the meeting insisted that their names not be used. Most of Nixon's guests refused to comment.

The guest list was heavily Bleak i i It, i-hFttni'ii? 1 Gazette photo by John Mclvor 142 SAIGON (UPI) The weekly 1 allied casualty report Thursday listed 142 Americans killed in ilndo-China last week, a de-: crease of fa from the previous week. Military spokesmen said an-. other 808 GIs were wounded, 249 of them in The death toll, including 61 men who died in Cambodia, was a drop from the nine-month high of 217 the week before. 1 U.S. battle deaths Jiad been running below 100 a weePbefore the Cambodian offensive.

South Vietnam reported 734 of its soldiers killed last week. The allies claimed 3.321 North Viet namese and Viet Cong were 42,260 KiUed Last week's losses pushed-to 42,260 the number of Americans killed in combat. Another 7,998 died from what are described as non-combat causes, the total U.S. death 1 count in Vietnam to 50,258. Another 278,814 GIs have been wounded.

1 In battlefield action Thursday, South Vietnamese troops report-ed killing 76 'North Vietnamese a fmiF-Tmtii Koffli naoi ihex All IVUi UVtU VHtm M't demilitarized zone. Cambodian forces replused invading com-Imunist units in street fighting in provincial capital of Prey Veng. COSVN Camps tne aiueo offensive in Cambodia entering its fourth 1 week, official military sources in Saigon said American infan trymen had discovered four ibase camps in the communist headquarters known as COSVN. President Nixon, in announc Mng the start of the offensive, COSVN was Hanoi's war headquarters and declared that one of the main purposes of the in Cambodia was to destroy it. Battle Near DMZ A report on the four-hour bat tie in the far northern quarter of South Vietnam said about 600 North Vietnamese infantrymen stormed out of the jungle and tried to overrun a South'-vViet- i namese artillery base.

Some of the North Vietnamese reached the barbed wire de fense of the outpost before they I were either hurled, back or killed by defenders' who were helped by helicopter gunsnips. The report on discovery of the COSVN base camps lent weight claims by S. officials in Washington that the Cambodian offensive was paying great divi dends. Official sources said an es-'. timated 1,000 soldiers who had been guarding the camps, plus commanders themselves had fled the base camp area in the Fish Hook salient of Cam- bodia.

21-Mile Limit "If you equate COSVN as peo- de. then no." it has not Deen one source said, "but if equate it to buildings, radio communications, yes," it has. 1- "They've now moved the headquarters itself out of the (21-mile) belt in which U.5. forces are permitted -operate," a military official -Said. Guerilla troops in Cambodia shelled and then surged into the provincial capital at Prey Veng, :35 miles east of Phnom Penh, but were reported driven out after several hours of street Military spokesmen said the vese penetrated to the Center of in i aiiiv aim iiui ui city before tne uamuuuiau garrison regrouped to mount a "successful counterattacK.

Today9 Chuckle it is a great kindness to trust some people with a secret. They feel so important "while telling it. copyrnw Week Nixon told the group he had wartime experience with wage and price controls and found them unfair to some at the ex pense of others. -In the words of one business man, ne "expressed a commendable aversion to a controlled economy wage and price controls, that is." As far as the economy in gen eral was concerned, guests reported Nixon repeated the 'administration's prediction that business will turn upward in the July-September quarter. Conciliatory Terms Burns said the Fed would not be "rigidly bound by theoretical numerical formulas" for the money supply.

Even though the credit-regulating agency has begun to loosen up on its re straints it is not going to start a new policy that could encourage new inflation, he reportedly said. Nixon spoke in conciliatory terms aboijt the unflattering view many young people hold about his administration and he pointed out about American business. Though he obviously doesn't agree with dissenting young people, one source said, he didn't harangue about them, instead speaking about the need to "open new avenues of communication" in an effort to get a better understanding of the nation's real problems. Two Dead as Rain Sweeps 3 Cars Away By United Press International Torrential rain in Minnesota swept three cars off a highway, sepding two motorists to their death, and turned a river into a rampage of destruction, state officials said Thursday. The three cars were washed off Minnesota 58, according to highway department officials The, victims were identified as Harry Banitt, 69, and his wife, Ethel, 68, who lived near Zum- brota, Minn.

Their car was found in eight feet of water. A minister, the Rev. Jesse Watson of Cumberland, Wis and his wife were among those on the highway when the flash flood hit. A spokesman at the Goodhue county sheriff'e office said the Watsons were found hanging onto a road sign at an intersection in about six feet of water. Jhree sections of the highway were washed out.

The Zumbro river, in the Zumbrota area, tore away several plank and structural bridges. The weather bureau said as much as six inches of rain fell in areas ndrthwest and north of Rochester, Minn. Woodcock: "Pleas Hot To Sway Us" WASHINGTON (AP) Leonard Woodcock, president of the United Auto, Workers, said Thursday that the union is mo bilizing for major wage de mands this fall and won't be swayed by pleas to temper de mands in view of inflation. He said he expected negotiators would have to listen to management's "well-worn script" that wage hikes cause inflation. isn't wages that push up prices but prices that pull up wages," Woodcock said: Nixon, Suharto Wind Up Talks WASHINGTON (UPI) Pres- Hident Suharto held a final 70- I- minute conierence wim rresi-dent Nixon Thursday and flew to New York.

Nixon said their two days of meetings went "very well." market prices resumed their sharp advance late Thursday in very heavy trading. The Dow Jones average of 30 industrials was up 20.12 to 683.32 at 3 p.m., a half hour before the closing bell. At midday, the Dow average had slipped back to a gain of just over 11 points, from an early session high more than 18 points. Analysts attributed this to profit-taking by investors who bought stocks at the lows for the week and sold to reap quick profits Thursday. Confidence Up Brokers said investor confidence was strengthened by White House confirmation that Federal Reserve Chairman Arthur Burns has assured business and financial leaders who dined with President Nixon Wednesday night that the Federal Reserve Board was alert to the country's monetary needs: Advances outnumbered declines by more than 3 to Analysts said the upsurge was natural following Wednesday's record advance.

Volume Heavier Volume was heavier Thursday with 9.75 million shares change ing hands on the New York Stock Exchange by noon, compared with 7.58 million during the same period Wednesday. The stock, market ciosea sharply higher Wednesday as the Dow average posted its largest single-day gain in history, skyrocketing 32.04 points to 663.20. The former record "closing gain was 32.03 points, set on Nov. 26, 1963. The New York stock exchange tape ran one minute late at the close Wednesday.

It was the sec ond heaviest trading day this year with 17.46 million shares changing hands. The heaviest day was March 25 when 17.5 million shares were traded. The American stock exchange price index scored its largest single-day jump since it was initiated in October of 1962. It galloped ahead 0.60 to 19.26. Advances outpaced declines by 1,100 issues on the New York stock exthange.

Analysts said there were no specific news developments to account for the spectacular gam. They had been anticipating a sizable rally for days because of heavy selling during the past six weeks. They said eager investors would be drawn into the market by the exceptionally low prices prevailing. "Idiotic Rate' "Prices have been going down without interruption at a rate that jwas idiotic'jsaid John W. Schulz, a partner in the New York brokerage firm of Abra--ham Co.

"The market has been panicky and irrational. The idea that stocks are too cheap eventually penetrates even an irrational market." "This rally is not so. terribly breathtaking," he said. "We've been losing at a rate of 10 to 20 points a day. At that rate, what the hell does a 30-point rally mean?" The huge gain wiped out Tuesday's 10-point loss and a 20-point loss on Monday, the biggest drop on the Dow average since President Kennedy's assassination.

Today's Index Comics 34A Courthouse '3A Crossword 34A Daily Record v. 3A 3A 6A 32A 35A 33A ma 29A Deaths Editorial Features Farm Financial Marion Movies Society Sports State Television Want telephone calls charged to the credit card of Sen. Edward Ken nedy (D-Mass.) the morning after Mary Jo Kopechne died was made public Thursday in Suffolk superior court. The list was compiled at the direction of the court for last July 18 and 19. The first July 19 call was to a phone listed to Jacqueline Ken nedy Onassis.

It lasted almost 24 minutes, according to tele phone company Order Lifted -The list was made public when Judge Wilfred Paquet lifted an order that kept it secret. 4 Twelve credit card calls were made July 19. Miss Kopechne drowned in Kennedy car after it over turned into a tidal pool late in the evening of the 18th. The senator escaped from the car but didn't report the in- cident to police until about 10 next morning. The call to Jac queline's, phone in Hyannis Port was made minutes after the report to police.

Mrs. Onassis was in Europe at the time. Someone Else The list of calls was compiled at the request of District Attorney Edmund Dinis. They could have been made by someone other than Kennedy, according to the New England Telephone Telegraph Co. Anyone who knew his credit card numbers could have charged the calls to him.

Calls to other telephones from both Vineyard Haven and Ed-gartown was made in rapid suc cession after tne accident was reported to Police Chief Domin ic Arena. They were to tele phones in Washington, D. and sections of New York City. Four calls were made July 18, all before 7:42 p.m. or well be fore the time Kennedy said the accident occurred.

Huey Long's Wido'w Is Dead WASHINGTON (AP) Rose McConnell Long, 78, widow of Huey Long, died Wednesday flight at her daughter's home in Boulder. Sen? Allen El- lender announced in the senate Thursday. Mrs. Long was appointed to the senate after her husband, a senator and former governor of Louisiana, was assassinated in the state capitol in Baton Rouge. She served in the' senate from Jan.

31, 1936, to Jan. 3, 1937. She was the mother of Sen Russell Long who left for Colorado Tuesday because of her illness. Is Killian's already had summer help lined up. Spokesmen at the three stores said that between their fashion and youth boards and the returning college people who have worltprl there in previous summers and during vacations, they had no open- ings.

The Gazette also contacted five- industries in Cedar Rapids and found the same situation. A Square spokesman said they are not hiring 'any summer help. He said, as 'a rule, tfyey do not hire part-time or summer help. Industry Jobs Scarce Penick and Ford said the situation is, not good. The firm is hiring some help, but preference is given to those young people who worked for the Young THIS WAS THE VIEW from, a helicopter Thursday morning, looking east over the, scene of a 23-freight car derailment on a Cedar River bridge near Covington.

The Rock Island line freight train, enroute to Cedar Rap-idsfrom Iowa Falls, had just started over the bridge about 1:30 a.m. Thursday when the derailment occurred. None of the' four railroad men aboard the train was injured. Train Plunges Off Bridge beans, corn, and piggy-back se-j mi-trailers. Derricks and salvage equip ment were being dispatched to the, scene Thursday but none had arrived by late morning.

Company officials from Cedar Rapids, Des Moines, Chicago, Kansas City and Silvjs flew to the scene early Thurs- day. The train engineer was Nor man wnitmore or Marion. He and the front brakeman, R. W. Fry of Cedar Rapids, were in the train engine when the ac cident occurred.

Two other Job Outlook for Special to The Gazette COVINGTON Twenty-three cars of a Kock island line freight train enroute to Cedar Rapids derailed about 1:30 a.m. Thursday just as the train was crossing the Cedar river bridge near Covington, some 7 miles west of Cedar Rapids. The 23 cars, starting with the eighth car behind the engine, plummeted down some 30 feet to the banks of the Cedar river, punching a gaping hole in the span as they fell. No one was injured in the mis hap. The train, which started out from Iowa Falls, consisted of 56 loaded cars and seven empties.

Included in those loads were Fear One Dead in Iowa flash Flood LESTER (UPI) One person is feared dead following a flash flood late Wednesday. Unofficial reports indicate that 6 to 12 inches of rain was dumped on this community of 250 during a thunderstorm. Dave a Lyon county deputy sheriff, said a car pulled oyer to the sholuder of the road adjacent to Mud creek when the flood hit. Witnesses said' the car was swept into the creek. A search for the vehicle could not be started Thursday morn ing, said Harms, because the creek was' still overflowing its banks.1.

Harms estimated that 10 to 15 bridges in the county were washed out during the flooding, (Continued: Page 3, 4.) Cedar Rapids men Andy, Luck- ason, the conductor, and; Floyd Edaburn, the rear brakeman r-were in the caboose at the rear of the train. The men returned to "Cedar Rapids in the engine. All were unavailable for com ment Thursday morning and were believed to have returned to survey the scene by boat. At press time, no estimates were available as to the dollar cost of the damaged cars and their loads, or how long it would be before the line could be reopened for traffic. Te bridge is owned by the Rock Island railroad line.

(Y.E,S.) work together to find summer jobs for young people, Mrs. Burton worked in factory and industry employ- V' sne. nas caiiea several in- dustrles. to see if there' is a possibility developing jobs for young people for the summer. But, she said there is iust nothing." v' Gazette Survey'' i Her findings followed what a Gazette survey of business and industry in Cedar Rapids showed.

There are not many jobs to be had. The Ga 1 1 contacted Younkers, Armstrong's, Killian's and Sears and each had a similar story to tell. kers, Armstrong's and By Pat Badtke Gazette Stiff Writer If, you are one of. about 10,000 high school and college age young people looking for a summer job? in Cedar Rapids don't be too surprised if you can find one. There arent many.

Neoma Burton, spokes man at the Iowa, employment service, said she has placed Wily seven young people in jobs for'the summer: So far she has had about 700 applications from young people. She said it is hard to say what the future would hold for summer jobs, but right now the situation does not look very promising. Before being assigned to the program where the Iowa employment service and the Youth Employment Service company in previous summers. Compared with last year, a company spokesman said, the situation does not look good, but! the door is not closed. (' Link-Belt Speeder followed suit by saying the situation at the plant does not look good.

This year the company is firing only four people for summer help and these 'people are specially trained for specific jobs. A plant spokesman said it looks very discouraging for the young people. A Wilson-Smclair spokesman said the situation at that plant is "very poor; there are no jobs. He said the plant usually hires between 50 and 75 people for summer work. This year ihey have already (Continued: Page 3, Col.

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