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IC0LUU3I'--. U'.. 6521 L " gfJBgft JttSfe' wttr 8 BflE I SmEjH BR r hBB jf 9bb EHflfi He fli Hn9 flVBfi hh job nHlfl Sflfl KsBal 76th Year No. 81 Good Morning! It's Tuesday, December 18, 1984 2 Sections 14 Pages 25 Cents Hfl w ib v" $& ii 9BbB9pkIVSv5HHbHqBSv 4iEflivEEH I A diploma for dad H Bonita Johnson, a 40- year- o- ld cancer victim, gets a kiss from S her father upon receiving her college diploma as her family g and Bill Stacy, left, president of Southeast Missouri State UPlTalaphoto University, look on. Twenty- on- e years ago Johnson promised her father she would finish college if she could get married. " This is for my dad," the mother of three from Dexter said I Council delays installing parking meters S By Pat Le H Mlasourtan staff writer 5 Columbia City Council members 5 Monday night struck a compromise B with residents in the University area W about to be metered for parking. 3 The council agreed to a plan from g the city staff to delay until July 1985 M the installation of five- ho- ur parking meters along University Avenue and m- - Hitt Street The installation of the II meters has alarmed residents of that W neighborhood m Although it also dealt with the Hu-- H len Lake waterfowl problem and a 6 new city- coun- ty investigator, the 5 council sailed through the remainder Eg of an agenda that was dominated by n new bills. The meeting lasted just H over an hour. jg In addition to giving affected resi dents tune to adjust to the parking change, the compromise move will allow the city tune to study the possi-bility of a parking permit program for residents who could be forced out of their convenient spaces The council voted m October to line the two streets with the meters, and a public outcry stopped installa-tion several weeks ago Qty officials responded with a report that sug-gested the delay. They also sug-gested consideration of a parking- perm- it program with the apartment dwellers who would be affected. But Mayor John Westlund made it known he was not optimistic about such a permit system. " I don't think a permit program is feasible," he said. Second Ward Councilman Don Mosby agreed, saying such a pro gram with residents along Hitt Street and University Avenue would prompt other groups to demand the same. Council members also expressed concern over what they saw as a sudden flurry of towings along Lo-cust, Fourth, Fifth, Ash and Hitt streets Public Works Director Ray Beck said 13 vehicles were towed from ( he area several days ago. Beds said that not only were seve-ral of the cars abandoned or unable to be started, but officials allowed some owners to move their cars be-fore being towed The council also faced other re-ports that were billed as no less im-portant, including the Hulen Lake duck and geese problem. As prom-ised at the Dec. 3 meeting, the coun-cil was given a briefing on the issue of migratory waterfowl in the Lake- sho- re subdivision of west Columbia and the complaints of accumulated droppings on docks, beaches and pa-tios. At least one area resident was pro-voked enough by the nuisance to shoot a family of Canadian geese that roosted in the area. Though the killing of the pair of adult geese was approved by the federal govern-ment, the apparent killing of the pair's offspring wasn't. Geese are federally protected and a special permit is needed if they are to be killed. The use of firearms in the city also is prohibited, but the city will not press charges. Fourth Ward Councilman Pat Bar-nes moved for an ordinance to be See COUNCIL, Page 8A I Prime falls to W3A percent at leading bank W NEW YORK ( UPI) Manufactur- - B era Hanover Trust, the nation's S fourth largest bank, Monday cut its m prime lending rate to 10 percent H from the prevailing 11V percent, ef-- M fecUve today. M It was the first time the prime rate m has been below 11 percent since Au-- gust 1983, when it rose from 10 per-- cent to 11 percent. Most analysts ex- - ggf pect additional reductions going into M 1935. MHT's move came m response to a sharp drop in the cost of overnight money, including a surprising move below 8 percent on the federal funds, a prune source of bank money. " It appears that we've bad anoth-er Fed easing action," said David M Jones, economist at Aubrey G. Lan- sto- n & Co. " This should have a very major impact in terms of pressure on banks to cut their prune, and we should see even further reductions going into 1985." Since September, this would be the third major move by the Fed to ease, which has taken the cost of bank money down by 3-- 3 percentage points Philip Braverman, economist at Bnggs Schaedle & Co., noted feat banks have " very significantly cut their deposit rates. With the funds rate down into a new low area and deposit rates down, banks can re duce their own lending rates and still improve their profit margins " Braverman also said the magni-tude of the drop in the federal funds rate " suggest that a full percentage point reduction in the Fed's discount rate is a distinct possibility." The discount rate is 8t percent. Braverman noted that it would take more than a one- ha- lf point cut to bring it in line with the current level of the fed funds. I Inquiries rock submarine firm By Gregory Gordon m and Art- r- aw Gallagher 18 United Pnwa tnttmatlonal H WASHINGTON Joseph Pierce H balked when hi3 bosses at General 1 Dynamics Corp. ordered him in 1973 11 to slosh nearly 1100 million from his m estimate of costs to build 11 nuclear HI submarines for the Navy, present m and former company officials recall. Wt The 12.5 percent cut amounting fit to a high- ns- k gamble would have Bf substantially enhanced General Dy- - namics' chances of winning the con- if- fv tract but left it sum hopes of earning a profit, these officials have told con- i- H gressional investigators. l: According to their account, lip Pierce, general manager of the com- l- li pany's huge Groton, Conn., ship-- Si yard, finally succumbed to the pres- i- & sure and lowered by 600,000 man Hfc hours per ship his carefully re-- K? searched bid price. fH The'St Louis- base- d General Dy-- L namics edged a competitor for the m' 769 million contract, fueling its rise m to become the nation's largest d-ell ferae contractor with 1983 sales of $ 7.1 billion. m Company spokesmen flatly deny M this version of how the company won m the bid, asserting instead that chair-- HSU Genera I o-!- 2f PynaiPLSrface A turn of Unitvd Pros? Internation-al reporters has spent months follow-ing the furor surrounding the nation's largest defense contractor. General Dynamics Corp. of St Louis. Today, in the first of a five- pa- rt series, they examine how the company's ship-building division felt Into financial trouble, Additional stories are on Page'B man David Lewis directed a 300,000- ma- n hour, 5 percent reduction They say the Navy later shaved another 100,000 man hours per ship. The conflicting accounts appear to be at the heart of a sweeping contro-versy that has enmeshed the compa-ny in eight investigations, including a new federal grand jury inquiry in Hartford, Conn , and jolted the military-- industrial establishment P. Takis Veliotis, a fugitive ex- comp- any vice president and general manager of the General Dynamic Electric Boat shipbuilding division, alleges the bid reduction amounted to a " buy- in- " on the contract to put a lock on future business for the ship-yard. He says it set the stage for huge losses by Electric Boat, cover- up- s from stockholders by top corporate officers and an unjustified, $ 750 mil-lion taxpayer bailout. Lewis declined to discuss the mat-ter but has denied wrongdoing. A company spokesman said Veliotis did not join the firm until 1973 end is no authority on the contract bids. Pierce, who also refused com-ment, received at least $ 18,000 in consulting fees after his 1978 retire-ment which Veliotis alleges was forced because Pierce protested the company's concealment of mounting losses Veliotis, whose stream of allega-tions have hit his former employers like depth charges, alleged from his self- impos- ed exile in Athens, Greece, that General Dynamics offi-cials committed " fraud against the r government and fraud against their shareholders." His accusations have set off a cor-porate boardroom drama that strikes at the sometimes cozy relationships among the Pentagon, its contractors and Congress. Spokesmen for General Dynamics, which produces the Trident subma-rine for the Navy, the F- 1- 6 fighter plane for the Air Force and the M-- l tank for the Army, categorically deny all the allegations from Veliotis and others. General Dynamics has asserted the cost overruns on two contracts for construction of 18 of the " 688" nu-clear attack submarines were due mainly to Navy delays and inflation. Dismissing Veliotis as a dis-gruntled, desperate ex- emplo- yee seeking immunity from prosecution, the company stressed that a 2- y- ear Justice Department investigation of its overrun claims ended in 1981 without indictments. Two Senate subcommittees have raised questions about the handling of the first investigation, in which two prosecutors recommended in-dictments. While defending that in-quiry, Stephen Trott, chief of the See GRAND, Page 8A BB 1u9f1i M6l SBBI GSEL9L In ffll Tfep B9L bh . wow Bv. , al j Bs. B 1 Ur a BH HI M 99 SI n B3 waf a 4lH -- rm- Skr JLJw! fJL j? By June Leonard Mlssourlen staff writer Thieves with the flair of profes-sionals removed several cases of ex- Elosi- ves from a northwestern Colum- l- a quarry over the weekend, leaving police puzzled about the in-tended use of the blasting material Gary Wnght, area manager of Qty Quarries at 1505 Parkside Drive, said a visual security check Sunday revealed about 350 pounds of explosives had been stolen between midnight Saturday and noon Sunday On Monday, Wright said, " We think they ( the thieves) knew what they were doing because it looked professional " The thieves used a torch to cut the heavy padlocks that secured the ex-plosives bin, Columbia Police Sgt Mick Covington said Wnght said the thieves ' were kind of crazy using a torch around explo-sives they knew what they were doing " The suspects then loaded the ex-plosives onto a company pickup truck, which they used for their es-cape The truck was later found ap-proximately mile east of the quar-ry, Covmgton said The missing explosives, known as Dupont Tovex 700, are cylindrical m shape, about 3V4 inches in diameter by 16 inches long, and are wrapped with white tape Also missing are about 150 blasting caps with copper electrical leads Covington said the larger explo-sives will not do much damage un-less they are exploded within a con-fined area " It takes quite a bit of charge to set them off." However, he said, " Blasting caps are dangerous because they are set off by an elec-trical impulse." Wnght said the blasting caps can explode if they are dropped, and warned they could easily remove a finger or an eye " It all needs to be handled with care and understand-ing, or you'll get hurt " In each of City Quarries' regular bi- wee- kly explosions, 6,000 to 8,000 pounds of explosives are used to loosen limestone for constructing roads and making concrete, Wnght said The company, which has oper-ated commercially since 1939, is owned by Medusa Aggregate Co of Cleveland It typically stores 40,000 pounds of explosives on site He called the missing explosives, " enough to do a lot of damage." Police are interested in talking to anyone who might have seen a 1980 gray Ford pickup bearing the com-pany's Medusa emblem between midnight Saturday and noon Sunday, Wnght said As required by law m any case of a theft of explosives, local authonties have notified the Bureau of Alcohol, Tobacco and Firearms. That federal agency will assist local authonties in solving the crime and recovering the explosives Manuel Gonzalez, special agent m charge for the Kansas City district of the agency, said, " These explo-sives have a great shattering pow-er." He emphasized that any inci-dent of theft poses a potential threat to the community and estimated the amount of explosives taken this weekend was probably larger than ' many of the incidents reported to his agency. Boone County Shenff Charles Fos-ter said he was not aware of anv similar incidents in the county. Uses vary for stolen explosives By June Leonard Mlssourlen statl writer The uses for stolen explosives maj range from something as innocent as blowing up unwanted tree stumps to terronst attacks and major crimes Manuel Gonzalez, special agent in charge for the Kansas City district of the federal Bureau of Alcohol. To-bacco and Firearms, said he has ob-served distinct usages for stolen ex-plosives in some areas of the country " West Coast motorcycle types steal to use them against one anoth-er or for resale," Gonzalez said In-timidation and criminal uses also are popular among this group He recalled a tune in Denver when militant groups used explosives to destroy buildings as a way of vent-ing social objections Many tunes, the thieves are juve-niles who stumble onto a hidden stor-age area and decide to steal the ex-plosives for something to do, Gonzalez said Although the theft of explosives in his four- sta- te area Missouri, Iowa, Kansas and Nebraska is un-common, Gonzalez said, " any one incident could pose a threat to the community " " Our main concern is that, unlike a bullet that you can aim to a certain extent, a bomb is very lndisenmi- nant,- " he said And in Missoun there are plent of explosives Gonzalez said the state's numerous mining operations require a lot of explosives, resulting in a rel-ativelyhigh level of thefts Statistics maintained by the bu-reau indicate Missouri had 12 report-ed thefts of explosives in 1982, the fourth highest in the nation Those thefts amounted to a loss of 3 275 pounds of explosives There were six reported thefts in 1983, with only 270 pounds of explo-sives reported missing That tied the state for eighth place nationwide in reports of stolen explosives ' The number of blasting caps stolen jn Missoun was 2,352 in 1982, com-pared with 479 the followir g year In 1982, federal and local authon- - ties jointly recovered 3,027 pounds of explosives in 21 separate incidents within Missoun The following year 212 pounds were recovered in 12 inci-dents Missoun ranked seventh in the na-tion for the greatest amount of ex- - j plosives recovered in 1982, but was , not among the top 13 states the next year. About 50 percent of the explo-sives stolen nationwide is recovered by law enforcement officials ! I i General Dynamics Earnings and Stock Performance I 1 B Tn'joi Ge- e'- ai D- a- " cs ' esV's s cos 3 e".'-- s a- -- '-- a- a - s K B tuc ea' s. B- 3'- ie -- aftrac s ' ea -- isic ta -- s a'- r'- a ea --- ;$ a j . a - a . H stecK nafie s' -- es Te EC s ". es'ga rjai- j- a -- s ' zt, -- s - jj Genera Dna- ic- s sa eode s - m- - - to'' c lar esses H ! S300j J I 250 Net Income -- j 1 ir millions sf dsliars 9 200 ' rK 1 fi ' 150 Iiiiii'i'iii - H f a a - a - - s-- -- H -- 501 " I I I I i i i i i -- i 71 72 ' 73 74 75 76 77 ' 78 79 80 81 ' 82 ' 83 B t j j ,, is? ' S60 i Hszs til T": - s- a-. ' . a 111 i SS39- - i- - -- : -- - ; IB 50 I ' S' 37 - - a a. : -- z -- j B I I la r a s" - " "- - I SS 9 ha ' ". s' 3:- - - r- l- - lj 140 I " e ' a s-- I -- a c'a Liil -- e i i I 11971- 197- 6 ' I -- XV IJI. iUl-. l- li j 30 f:.-',. M- m, V II I1 I I vei a- - s a ; es -- a - 1. V Ji SIS" B 3-- 1 a-- " ' 376 -;- a-, V r B1 " B 20 H LZZ2 .. -- B8. s- 8gB'V- Stock PricesH'o I , aBB". B s- n-a's e s-- a'e I 72 73 74 75 76 77 78 79 80 81 82 83 I UP i
Object Description
Title | Columbia Missourian Newspaper 1984-12-18 |
Description | Vol. 76th Year, No. 81 |
Subject |
Columbia (Mo.) -- Newspapers Boone County (Mo.) -- Newspapers |
Coverage | United States -- Missouri -- Boone County -- Columbia |
Language | English |
Date.Search | 1984-12-18 |
Type | Newspaper |
Format | |
Collection Name | Columbia Missourian Newspaper Collection |
Publisher.Digital | The Office of Library Systems of the University of Missouri |
Contributing Institution |
State Historical Society of Missouri University of Missouri School of Journalism |
Copy Request | Contact the State Historical Society of Missouri at: (800) 747-6366 or (573) 882-7083 or email contact@shsmo.org. Some fees apply:http://shsmo.org/research/researchfees |
Description
Title | Full Page |
Date.Search | 1984-12-18 |
Type | page |
Item.Transcript | IC0LUU3I'--. U'.. 6521 L " gfJBgft JttSfe' wttr 8 BflE I SmEjH BR r hBB jf 9bb EHflfi He fli Hn9 flVBfi hh job nHlfl Sflfl KsBal 76th Year No. 81 Good Morning! It's Tuesday, December 18, 1984 2 Sections 14 Pages 25 Cents Hfl w ib v" $& ii 9BbB9pkIVSv5HHbHqBSv 4iEflivEEH I A diploma for dad H Bonita Johnson, a 40- year- o- ld cancer victim, gets a kiss from S her father upon receiving her college diploma as her family g and Bill Stacy, left, president of Southeast Missouri State UPlTalaphoto University, look on. Twenty- on- e years ago Johnson promised her father she would finish college if she could get married. " This is for my dad," the mother of three from Dexter said I Council delays installing parking meters S By Pat Le H Mlasourtan staff writer 5 Columbia City Council members 5 Monday night struck a compromise B with residents in the University area W about to be metered for parking. 3 The council agreed to a plan from g the city staff to delay until July 1985 M the installation of five- ho- ur parking meters along University Avenue and m- - Hitt Street The installation of the II meters has alarmed residents of that W neighborhood m Although it also dealt with the Hu-- H len Lake waterfowl problem and a 6 new city- coun- ty investigator, the 5 council sailed through the remainder Eg of an agenda that was dominated by n new bills. The meeting lasted just H over an hour. jg In addition to giving affected resi dents tune to adjust to the parking change, the compromise move will allow the city tune to study the possi-bility of a parking permit program for residents who could be forced out of their convenient spaces The council voted m October to line the two streets with the meters, and a public outcry stopped installa-tion several weeks ago Qty officials responded with a report that sug-gested the delay. They also sug-gested consideration of a parking- perm- it program with the apartment dwellers who would be affected. But Mayor John Westlund made it known he was not optimistic about such a permit system. " I don't think a permit program is feasible," he said. Second Ward Councilman Don Mosby agreed, saying such a pro gram with residents along Hitt Street and University Avenue would prompt other groups to demand the same. Council members also expressed concern over what they saw as a sudden flurry of towings along Lo-cust, Fourth, Fifth, Ash and Hitt streets Public Works Director Ray Beck said 13 vehicles were towed from ( he area several days ago. Beds said that not only were seve-ral of the cars abandoned or unable to be started, but officials allowed some owners to move their cars be-fore being towed The council also faced other re-ports that were billed as no less im-portant, including the Hulen Lake duck and geese problem. As prom-ised at the Dec. 3 meeting, the coun-cil was given a briefing on the issue of migratory waterfowl in the Lake- sho- re subdivision of west Columbia and the complaints of accumulated droppings on docks, beaches and pa-tios. At least one area resident was pro-voked enough by the nuisance to shoot a family of Canadian geese that roosted in the area. Though the killing of the pair of adult geese was approved by the federal govern-ment, the apparent killing of the pair's offspring wasn't. Geese are federally protected and a special permit is needed if they are to be killed. The use of firearms in the city also is prohibited, but the city will not press charges. Fourth Ward Councilman Pat Bar-nes moved for an ordinance to be See COUNCIL, Page 8A I Prime falls to W3A percent at leading bank W NEW YORK ( UPI) Manufactur- - B era Hanover Trust, the nation's S fourth largest bank, Monday cut its m prime lending rate to 10 percent H from the prevailing 11V percent, ef-- M fecUve today. M It was the first time the prime rate m has been below 11 percent since Au-- gust 1983, when it rose from 10 per-- cent to 11 percent. Most analysts ex- - ggf pect additional reductions going into M 1935. MHT's move came m response to a sharp drop in the cost of overnight money, including a surprising move below 8 percent on the federal funds, a prune source of bank money. " It appears that we've bad anoth-er Fed easing action," said David M Jones, economist at Aubrey G. Lan- sto- n & Co. " This should have a very major impact in terms of pressure on banks to cut their prune, and we should see even further reductions going into 1985." Since September, this would be the third major move by the Fed to ease, which has taken the cost of bank money down by 3-- 3 percentage points Philip Braverman, economist at Bnggs Schaedle & Co., noted feat banks have " very significantly cut their deposit rates. With the funds rate down into a new low area and deposit rates down, banks can re duce their own lending rates and still improve their profit margins " Braverman also said the magni-tude of the drop in the federal funds rate " suggest that a full percentage point reduction in the Fed's discount rate is a distinct possibility." The discount rate is 8t percent. Braverman noted that it would take more than a one- ha- lf point cut to bring it in line with the current level of the fed funds. I Inquiries rock submarine firm By Gregory Gordon m and Art- r- aw Gallagher 18 United Pnwa tnttmatlonal H WASHINGTON Joseph Pierce H balked when hi3 bosses at General 1 Dynamics Corp. ordered him in 1973 11 to slosh nearly 1100 million from his m estimate of costs to build 11 nuclear HI submarines for the Navy, present m and former company officials recall. Wt The 12.5 percent cut amounting fit to a high- ns- k gamble would have Bf substantially enhanced General Dy- - namics' chances of winning the con- if- fv tract but left it sum hopes of earning a profit, these officials have told con- i- H gressional investigators. l: According to their account, lip Pierce, general manager of the com- l- li pany's huge Groton, Conn., ship-- Si yard, finally succumbed to the pres- i- & sure and lowered by 600,000 man Hfc hours per ship his carefully re-- K? searched bid price. fH The'St Louis- base- d General Dy-- L namics edged a competitor for the m' 769 million contract, fueling its rise m to become the nation's largest d-ell ferae contractor with 1983 sales of $ 7.1 billion. m Company spokesmen flatly deny M this version of how the company won m the bid, asserting instead that chair-- HSU Genera I o-!- 2f PynaiPLSrface A turn of Unitvd Pros? Internation-al reporters has spent months follow-ing the furor surrounding the nation's largest defense contractor. General Dynamics Corp. of St Louis. Today, in the first of a five- pa- rt series, they examine how the company's ship-building division felt Into financial trouble, Additional stories are on Page'B man David Lewis directed a 300,000- ma- n hour, 5 percent reduction They say the Navy later shaved another 100,000 man hours per ship. The conflicting accounts appear to be at the heart of a sweeping contro-versy that has enmeshed the compa-ny in eight investigations, including a new federal grand jury inquiry in Hartford, Conn , and jolted the military-- industrial establishment P. Takis Veliotis, a fugitive ex- comp- any vice president and general manager of the General Dynamic Electric Boat shipbuilding division, alleges the bid reduction amounted to a " buy- in- " on the contract to put a lock on future business for the ship-yard. He says it set the stage for huge losses by Electric Boat, cover- up- s from stockholders by top corporate officers and an unjustified, $ 750 mil-lion taxpayer bailout. Lewis declined to discuss the mat-ter but has denied wrongdoing. A company spokesman said Veliotis did not join the firm until 1973 end is no authority on the contract bids. Pierce, who also refused com-ment, received at least $ 18,000 in consulting fees after his 1978 retire-ment which Veliotis alleges was forced because Pierce protested the company's concealment of mounting losses Veliotis, whose stream of allega-tions have hit his former employers like depth charges, alleged from his self- impos- ed exile in Athens, Greece, that General Dynamics offi-cials committed " fraud against the r government and fraud against their shareholders." His accusations have set off a cor-porate boardroom drama that strikes at the sometimes cozy relationships among the Pentagon, its contractors and Congress. Spokesmen for General Dynamics, which produces the Trident subma-rine for the Navy, the F- 1- 6 fighter plane for the Air Force and the M-- l tank for the Army, categorically deny all the allegations from Veliotis and others. General Dynamics has asserted the cost overruns on two contracts for construction of 18 of the " 688" nu-clear attack submarines were due mainly to Navy delays and inflation. Dismissing Veliotis as a dis-gruntled, desperate ex- emplo- yee seeking immunity from prosecution, the company stressed that a 2- y- ear Justice Department investigation of its overrun claims ended in 1981 without indictments. Two Senate subcommittees have raised questions about the handling of the first investigation, in which two prosecutors recommended in-dictments. While defending that in-quiry, Stephen Trott, chief of the See GRAND, Page 8A BB 1u9f1i M6l SBBI GSEL9L In ffll Tfep B9L bh . wow Bv. , al j Bs. B 1 Ur a BH HI M 99 SI n B3 waf a 4lH -- rm- Skr JLJw! fJL j? By June Leonard Mlssourlen staff writer Thieves with the flair of profes-sionals removed several cases of ex- Elosi- ves from a northwestern Colum- l- a quarry over the weekend, leaving police puzzled about the in-tended use of the blasting material Gary Wnght, area manager of Qty Quarries at 1505 Parkside Drive, said a visual security check Sunday revealed about 350 pounds of explosives had been stolen between midnight Saturday and noon Sunday On Monday, Wright said, " We think they ( the thieves) knew what they were doing because it looked professional " The thieves used a torch to cut the heavy padlocks that secured the ex-plosives bin, Columbia Police Sgt Mick Covington said Wnght said the thieves ' were kind of crazy using a torch around explo-sives they knew what they were doing " The suspects then loaded the ex-plosives onto a company pickup truck, which they used for their es-cape The truck was later found ap-proximately mile east of the quar-ry, Covmgton said The missing explosives, known as Dupont Tovex 700, are cylindrical m shape, about 3V4 inches in diameter by 16 inches long, and are wrapped with white tape Also missing are about 150 blasting caps with copper electrical leads Covington said the larger explo-sives will not do much damage un-less they are exploded within a con-fined area " It takes quite a bit of charge to set them off." However, he said, " Blasting caps are dangerous because they are set off by an elec-trical impulse." Wnght said the blasting caps can explode if they are dropped, and warned they could easily remove a finger or an eye " It all needs to be handled with care and understand-ing, or you'll get hurt " In each of City Quarries' regular bi- wee- kly explosions, 6,000 to 8,000 pounds of explosives are used to loosen limestone for constructing roads and making concrete, Wnght said The company, which has oper-ated commercially since 1939, is owned by Medusa Aggregate Co of Cleveland It typically stores 40,000 pounds of explosives on site He called the missing explosives, " enough to do a lot of damage." Police are interested in talking to anyone who might have seen a 1980 gray Ford pickup bearing the com-pany's Medusa emblem between midnight Saturday and noon Sunday, Wnght said As required by law m any case of a theft of explosives, local authonties have notified the Bureau of Alcohol, Tobacco and Firearms. That federal agency will assist local authonties in solving the crime and recovering the explosives Manuel Gonzalez, special agent m charge for the Kansas City district of the agency, said, " These explo-sives have a great shattering pow-er." He emphasized that any inci-dent of theft poses a potential threat to the community and estimated the amount of explosives taken this weekend was probably larger than ' many of the incidents reported to his agency. Boone County Shenff Charles Fos-ter said he was not aware of anv similar incidents in the county. Uses vary for stolen explosives By June Leonard Mlssourlen statl writer The uses for stolen explosives maj range from something as innocent as blowing up unwanted tree stumps to terronst attacks and major crimes Manuel Gonzalez, special agent in charge for the Kansas City district of the federal Bureau of Alcohol. To-bacco and Firearms, said he has ob-served distinct usages for stolen ex-plosives in some areas of the country " West Coast motorcycle types steal to use them against one anoth-er or for resale," Gonzalez said In-timidation and criminal uses also are popular among this group He recalled a tune in Denver when militant groups used explosives to destroy buildings as a way of vent-ing social objections Many tunes, the thieves are juve-niles who stumble onto a hidden stor-age area and decide to steal the ex-plosives for something to do, Gonzalez said Although the theft of explosives in his four- sta- te area Missouri, Iowa, Kansas and Nebraska is un-common, Gonzalez said, " any one incident could pose a threat to the community " " Our main concern is that, unlike a bullet that you can aim to a certain extent, a bomb is very lndisenmi- nant,- " he said And in Missoun there are plent of explosives Gonzalez said the state's numerous mining operations require a lot of explosives, resulting in a rel-ativelyhigh level of thefts Statistics maintained by the bu-reau indicate Missouri had 12 report-ed thefts of explosives in 1982, the fourth highest in the nation Those thefts amounted to a loss of 3 275 pounds of explosives There were six reported thefts in 1983, with only 270 pounds of explo-sives reported missing That tied the state for eighth place nationwide in reports of stolen explosives ' The number of blasting caps stolen jn Missoun was 2,352 in 1982, com-pared with 479 the followir g year In 1982, federal and local authon- - ties jointly recovered 3,027 pounds of explosives in 21 separate incidents within Missoun The following year 212 pounds were recovered in 12 inci-dents Missoun ranked seventh in the na-tion for the greatest amount of ex- - j plosives recovered in 1982, but was , not among the top 13 states the next year. About 50 percent of the explo-sives stolen nationwide is recovered by law enforcement officials ! I i General Dynamics Earnings and Stock Performance I 1 B Tn'joi Ge- e'- ai D- a- " cs ' esV's s cos 3 e".'-- s a- -- '-- a- a - s K B tuc ea' s. B- 3'- ie -- aftrac s ' ea -- isic ta -- s a'- r'- a ea --- ;$ a j . a - a . H stecK nafie s' -- es Te EC s ". es'ga rjai- j- a -- s ' zt, -- s - jj Genera Dna- ic- s sa eode s - m- - - to'' c lar esses H ! S300j J I 250 Net Income -- j 1 ir millions sf dsliars 9 200 ' rK 1 fi ' 150 Iiiiii'i'iii - H f a a - a - - s-- -- H -- 501 " I I I I i i i i i -- i 71 72 ' 73 74 75 76 77 ' 78 79 80 81 ' 82 ' 83 B t j j ,, is? ' S60 i Hszs til T": - s- a-. ' . a 111 i SS39- - i- - -- : -- - ; IB 50 I ' S' 37 - - a a. : -- z -- j B I I la r a s" - " "- - I SS 9 ha ' ". s' 3:- - - r- l- - lj 140 I " e ' a s-- I -- a c'a Liil -- e i i I 11971- 197- 6 ' I -- XV IJI. iUl-. l- li j 30 f:.-',. M- m, V II I1 I I vei a- - s a ; es -- a - 1. V Ji SIS" B 3-- 1 a-- " ' 376 -;- a-, V r B1 " B 20 H LZZ2 .. -- B8. s- 8gB'V- Stock PricesH'o I , aBB". B s- n-a's e s-- a'e I 72 73 74 75 76 77 78 79 80 81 82 83 I UP i |