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Newspaper
Austin Daily Herald
Location
Austin, Minnesota, United States of America
Date
Dec 13, 1950
Page
2
J C Hormel describes the company’s community projects from sewage digestion research to livestock antibiotics and SPAM development. He highlights west coast expansion, branch remodeling, and a profit plan favoring local workers and a profit sharing trust while noting stockholder makeup and local investment.
Hormel reports average employment at 7491 with 1422 women and Austin plant counts of 4248 workers including 629 women. Minnesota totals show 5117 employed, with 4893 in Austin. end-year nationwide employment rose to 7675. Sales reached 249.8 million dollars, up 3.2 percent, with 796.7 million pounds shipped.
At year end October 28 the firm reported cash on deposit of 4 594 508 in 60 banks located nationwide and one in Honolulu Hawaii.
President Truman expressed gratitude to the Blair House attackers defense team and presented a gold medal to the widow of Pvt. Leslie Cofield who died defending the president. Pvt. Donald Birdzell and Pvt. Joseph Downs attended, along with Pvt. Joseph Davidson and agents Floyd Boring and Vincent Moroz.
Gov. Thomas E. Dewey plans a Waldorf speech to President Truman urging emergency action. He calls for higher taxes and controls, increased armed strength, and wartime production as America faces a world crisis. The address to the New York County Lawyers Association will be broadcast.
Austin’s oldest merchandise firm W R Earl Furniture Co will open a Sterling store for a two day event Friday and Saturday. The store will run 2 9 Friday and 12 9 Saturday with 36 furniture door prizes and customer favors. The Sterling space spans 10 000 square feet on one floor reflecting expansion to add more lines. The firm was founded in 1869 by S C Olsen, father of current operator Mrs. W R Earl.
About 3200 Minnesotans will be called during January and February by selective service as part of a national step-up in inductions. State director Maj. Paul Sevareid said monthly calls will total about 600 more men per month than before.
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