A volatile bond market has forced the City of Cape Girardeau and local banks to rescind an agreement they had reached in February to finance the city's Convention and Visitor's Bureau recreation project; all seven local banks had agreed to finance the project through the purchase of $3.73 million in "certificates of participation" at an average annual interest rate of 5.25 percent.
THEBES, Ill. -- More than 90 percent of the earthwork is completed for a four-and-a-half-mile road relocation project between Thebes and Olive Branch in Southern Illinois; the highway is expected to be opened to traffic by the fall of 1994, a few months past the original projection.
Both Jackson and Cape Girardeau school district voters yesterday approved increases in the school tax levies; Jackson voters gave two-to-one support to a 35-cent increase, while Cape Girardeau voters approved the same increase, 1,682 for and 1,424 against.
Installation of the first units of a new, 48-page newspaper press, which will double the printing capacity of the Southeast Missourian, is underway; brought here by the Inland Newspaper Machinery Corp. of Kansas City, Missouri, the first units have been unloaded from a large truck and have been placed over a new concrete pit placed in the former mailroom.
In a series of 10 community meetings just finished in Cape Girardeau County on farm labor needs, virtually no extra labor was located; it had been hoped to find some unattached workers who could be placed in contact with farmers who wish to hire help, but no extra workers are reported; it may be possible to find some men in towns of the county, as well as some youths who are now attending school, who can help out in producing war crops and doing all sorts of work on farms.
The Metropolitan Restaurant, 417 Broadway, except on Sundays, is now closing at 2:30 in the afternoon; a shortage of kitchen help and waitresses is forcing Angelo Moll to close afternoons.
Cape Girardeau municipal affairs remain completely in the control of the liquor element; saloonkeepers, liquor adherents and hangers-on put in a busy day yesterday and succeeded in corralling a vote that makes their local influence secure for another two years; H.H. Haas balloted the most votes and is Cape Girardeau's new mayor; the two new city commissioners are R.W. Frissell and Louis Wittmor.
SIKESTON, Mo. -- One person was killed and four injured, two seriously, by a cyclone passing over the district about 6 miles southwest of Sikeston last evening between 6 and 7; killed by the storm is Bessie Sitze, 6; her parents were seriously injured.
-- Sharon K. Sanders
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.