Hormel Net Per Share and Growth Report from Hormel
The Geo A Hormel and Co reports net earnings of 2,329,890 or 4.39 per share for the year ending Oct 28 1950. Sales rose to 249,787,391 with 3.2 percent gain while tonnage hit a record 796,665,827 pounds. The company notes tax increases and rising costs limiting profits and cites a new 4.4 million term loan for working capital.
MENTIONED IN THIS ARTICLE
Geo. A. Hormel and Co
H. H. Corey
Congress
Two Families Escape Blaze In Minnesota Town
A fire in St. Michael Minnesota destroyed stock and fixtures at the Red and White grocery and meat locker plant. The blaze at about 5 30 a m forced two families from their apartments above the store, with damage estimated at 12 000 dollars. Firemen from Hanover and Albertville contained the flames within an hour.
MENTIONED IN THIS ARTICLE
ST. Michael, Minn
St. Michael
Hanover
Albertville
Clarence Dick
Grover Bosworth
Bosworth
Bosworths
John Hilliger
Porter Confesses Slaying Waitress
Cleveland police report a 19-year-old porter confessed to raping and killing Mrs. Pansy Whitley, a waitress found dying in a Greyhound Bus Lines dressing room. The confession followed discovery of the dressing room key in Lon Stevenson’s pocket. Stevenson, born in Kingsville Texas, was arrested after arriving from Chicago and found asleep in the terminal men’s room.
MENTIONED IN THIS ARTICLE
Cleveland
Pansy Whitley
Greyhound Bus Lines
David Kerr
Lon Stevenson
Kingsville
Tex
Stevenson
Chicago
American Bus Lines
Army Inducts 20 Draftees From County In Milwaukee
Twenty Austin area men were sworn into the army Tuesday in Minneapolis as the largest local draft group since Korea began. An additional 13 Austin men are slated for induction December 5. Names include Paul R. Ebert Arnold Bustad Myron Byers LaVerne Paulson Irving Gendler Patrick Nolan Bernard Perkins John Snyder Donald Davis Robert Johnson Reuben Hass Eugene Stewart Jerome Heimer John Peters Ward Bergene Marlin Fink Victor Slowinski Lorence Schroeder Verlyn Lee Daniel Emanuel Sargeant Belonging to Austin Grand Meadow Racine Le Roy Adams Waltham Stewartville St Ansgar Iowa.
MENTIONED IN THIS ARTICLE
Austin
Minneapolis
Mower County
Taft Backs War Effort
Senate Republican leader Taft pledged full support for the Korean war effort as President Truman convened leaders for a crisis briefing. The White House discussed atomic options and rapid mobilization while Taft, heading the GOP policy panel, promised to back measures aiding UN forces in Korea.
Steele County Teacher Killed in Collision
OWATONNA Iowa February 4 Mrs Flor ence Hanson 38 Deerfield township school teacher was killed Thursday night in a two car collision four miles west of Medford Her son James 15 and Thomas Peterson Faribault 16 1 year old companion were seriously injured and hospitalized here Mrs F H Luebke 52 Faribault identified by highway patrol as driver of the second vehicle escaped with minor hurts
MENTIONED IN THIS ARTICLE
Owatonna
Florence Hanson
Deerfield
Medford
James
Thomas Peterson
Faribault
F. H. Luebke
Big Three to Hold Parley on Asian Crisis
Prime Minister Attlee plans to fly to Washington to meet President Truman with possible participation by French Premier Rene Pleven. Talks aim to align UN policy on Korea and Far Eastern issues, including China, and to seek coordinated Western action.
MENTIONED IN THIS ARTICLE
Attlee
Washington
Truman
Paris
Foreign Office
Rene Pleven
National Assembly
Pleven
State funds 3623 jobs for handicapped
Victor Christgau, director of the state division of employment and security, reported that the state employment service has found jobs for 3623 persons with physical impairments so far this year. The figure is a 26 percent increase over the same period last year.
MENTIONED IN THIS ARTICLE
ST. Paul
Victor Christgau
State Division of Employment and Security
Truman Seeks 17 Billion for A-Bomb and Arms
In Tokyo Gen. Willoughby says UN Korea line stabilizing in the northwest after a retreat from Pyongyang area. He declines to confirm use of atomic weapons, noting the situation is not desperate. Marine and army units pull back toward Hagaru as Chinese pressure increases.
MENTIONED IN THIS ARTICLE
Tokyo
MacArthur
United Nations
Korea
U. S. Eighth Army
Yellow Sea
Eighth Army
Changchon River
Changjin
Charles A. Willoughby
North Korea
Willoughby
Truman
Pyongyang
Lin Piao
38Th Parallel
Seventh Infantry Division
Changjin Reservoir
U. S. First Marine Division
Hagaru
Tom Stone
Malik Absent From UN Session to Avert War
United Nations diplomats pressed round the clock talks on how to remove Chinese Communist forces from Korea without triggering a world war. Russia’s Jacob A. Malik vetoed a six power security council resolution, denouncing it as illegal and blaming American imperialists. Wu Hsiu-chuan of China backed him as other nations urged restraint and warned of potential atomic options to be decided in Washington after talks between Truman and Attlee.
MENTIONED IN THIS ARTICLE
Washington
Korea
United Nations
Red China
U. S
Truman
Russia
Jacob A. Malik
Security Council
Wu Hsiu-chuan
China
Moscow
Peiping
Malik
Britain
Gladwyn Jebb
India
Sir Benegal N. Rau
Manchuria
Clement Attlee
Accidents Bring Damages Totaling 400 Dollars in Austin
Three auto accidents reported in Austin Thursday caused more than 400 dollars in property damage. Sydney J. Wilson, 26, on Fox Drive, sustained 125 dollars in damage. Russell Anderson, 31, on Austin Rt 3, had 10 dollar damage to his pickup. Agnes A. Legried of Oakland and George Brady, 32, of 408 Mankato, collided at St Paul and Maple with 175 dollars total damage, Brady’s car 100 and Legried’s 75. William P. Lambert, 70, on Sunset Drive, and Allan J. Larkoski, 23, of 605 N Greenwich, collided at Chatham and Mill causing 50 dollars damage to each car.
MENTIONED IN THIS ARTICLE
Austin
Sydney J Wilson
Bauman
Russell Anderson
Austin Rt. 3
Fox Drive
Wilson
Anderson
Agnes A. Legried
Oakland
George Brady
Mankato
St. Paul and
Maple
Brady
William P. Lambert
Sun Set
Allan J. Larkoski
Greenwich
Chatham
Mill
Court Orders Jail Not Prison Terms For Gross Misdemeanors
Minnesota Supreme Court rules jail terms must replace prison terms in gross misdemeanor cases. Two Douglas County men, Henry Masteller and Ariane Brandvold, convicted of issuing checks without funds, had been sentenced to state prison and reform school. The court remanded for proper jail sentences to be imposed.
MENTIONED IN THIS ARTICLE
ST. Paul
Minnesota Supreme Court
High Court
Douglas County
Henry Masteller
Ariane Brandvold
Masteller
First National Bank of
Osakis
Brandvold
Pope County
Glenwood
E. J. Ruegemer
Stillwater State Prison
St. Cloud State Reformatory
Oscar R. Knutson
Reformatory
Ruegemer
Defense Dept. releases 323 Korean War casualties
The Defense Department identifies 323 additional American casualties from the Korean War in list No. 164. It reports 198 missing in action, four killed, 94 wounded, and 27 injured in accidents.
MENTIONED IN THIS ARTICLE
Washington
Defense Department
Hormel Announces Christmas Profit Sharing Distribution
Hormel reports 1949 year end profit sharing totaling 1 835 465 in two disbursements to 6 788 eligible workers. The trust balance now tops 12 877 62 with 405 employees at 26 years service receiving 1600 each and broader year based allocations. The trust has paid 5 735 972 over seven years while last year’s company contribution was 54 811 with 1948 at 1 558 980.
MENTIONED IN THIS ARTICLE
Hormel
Hormel Profit Sharing Trust
Hormel Company
Snow Flurries Forecast for Five States Through Weekend
Weather notes cloudy skies bring occasional snow flurries across Minnesota North and South Dakota Iowa and Wisconsin tonight through Saturday. Temperatures fall Saturday with minus readings in some areas while Grand Forks and Bemidji report subzero trends not seen in the Dakotas.
MENTIONED IN THIS ARTICLE
Minnesota
North
South Dakota
Iowa
Wisconsin
Bemidji
International Falls
Border
Dakotas
Grand Forks
N. D
Minneapolis
Redwood Falls
Rochester
Bergdoll Held in Draft Case
Alfred Bergdoll son of Grover Cleveland Bergdoll was arrested in New York for failing to report for induction on November 9 and violating the 1948 selective service act. FBI special agent Edward Scheidt said Bergdoll advised his board by letter on August 18 that he would refuse induction. Bergdoll, born in Nordhausen Germany, claimed American citizenship by derivative naturalization through his mother Bertha in 1940 and lives in New York.
MENTIONED IN THIS ARTICLE
New York
Alfred Bergdoll
Grover Cleveland
Bergdoll
FBI
Edward Scheidt
Young Bergdoll
Selective Service Board
Armed Services of
United States
Manhattan
Scheidt
Nordhausen
Germany
Bertha
Army to Draft 50 000 in February
The army issued a draft call for 50 000 men in February. This February call increases total draft requests to 300 000 since September. The first call in September also sought 50 000 men.
MENTIONED IN THIS ARTICLE
Army
Washington
Soldiers Died of Carbon Monoxide Poisoning in Garage
Army physicians ruled that two soldiers Pvt Harold R Knorr Brockport New York and Pvt William K Crawford Selby South Dakota died from carbon monoxide poisoning. Civilians Sylvester Eagan Samuel M Ridings and James Y Cary were found with them in the garage. Tests were ordered by the US Bureau of Mines to investigate the repair shop area.
MENTIONED IN THIS ARTICLE
Fayetteville
N. C
Army
Ft. Bragg
Harold R. Knorr
Brockport
N. Y
William K. Crawford
Selby
S. D
Sylvester Eagan
Truman seeks 17.85 billion for rapid military and atomic buildup
President Truman urges Congress to approve 16.8 billion for army navy marines and air force plus 1.05 billion to accelerate the atomic energy program. He warns of a tense crisis and outlines prospects for continued higher outlays to support U S forces and allied defense arrangements. Leaders predict swift Congressional backing.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
White House
Capitol
Sen. Hill
D.-Ala
Atomic Energy Commission
Sen
Ellender
D.-La
Jackson Man Wins Pardon
Edward Rossow, 60, jailed for second degree murder in Jackson county nearly 15 years ago, is released from Stillwater prison after the state pardon board commuted the death of his wife to first degree manslaughter. Senator Grottum argued lack of intent due to a locked door incident. The board also denied clemency for Paul Poelart and Elmer St. John in separate murder cases.
MENTIONED IN THIS ARTICLE
ST. Paul
Edward Rossow
Jackson County
Stillwater
State Pardon Board
Rossow
B. E. Grottum
Jackson
Pardon Board
Grottum
Paul Poelart
Elmer St. John
Itasca County
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Porter
Taft
BY Jack Bell
Sen. Taft
Ohio
Great Britain
Douglas MacArthur
Manchurian
Michael V. Disalle
Toledo
Senate
GOP
Armed Services and Foreign Relations Committee
Steele County
Big 3
London
Robert Schuman
Mac
Brood
Orville Wolf
Pekin
Ill
Jimmy
Rose
Terry Lee
Tommy
Glora Jean
Associated Press
Speed
Rep. Eaton
New Jersey
House Foreign Affairs Committee
Eaton