Hormel Stockholders Hear Diversification and Cash Flow Talk
The treasurer outlines a 1965 year report for Hormel & Co a meat company with origins in 1891 noting sales of 441.6 million dollars and net earnings of 4.35 million. He discusses diversification via acquisitions internally grown gains and the Los Angeles plant while stressing profit potential and capital use including cash flow and capital improvements.
MENTIONED IN THIS ARTICLE
Geo. A. Hormel & Co
Hormel Incorporated
London
Company finances show slim net earnings after costs
The report notes over 71 cents of every sales dollar spent on live stock and meat products plus supplies and packages. Wages and salaries account for 17.8 cents, totaling over $78.6 million. Net earnings per dollar of sales are just under one cent. At year end the company had 3,313 stockholders, including 1,613 women and 1,534 men. The text also mentions historical contact lenses first worn in 1887. Land-2.0%-$437,992.
MENTIONED IN THIS ARTICLE
Hormel Co
George A. Hormel
Austin
United States
Hormel
Astronauts Join Musicians Union
Astronaut Walter M. Shirra Jr and Thomas P. Stafford become honorary members of the American Federation of Musicians after their Jingle Bells performance from space. In Minneapolis a first degree manslaughter charge is filed against Thur man Smith Jr in the beating death of Frederick E. Burrell, 37, from Saturday.
MENTIONED IN THIS ARTICLE
Boise, Idaho
Outer Space
Walter M. Shirra Jr
Thomas P. Stafford
American Federation of Musicians
Minneapolis
Frederick E. Burrell
Thurman Smith Jr
Lone Bandit Robs Maple Plain Bank and Flees in Wagon
A lone bandit robbed the Maple Plain State Bank of 3676 dollars shortly before noon Tuesday. Described as about 45, 5 feet 7, 170 pounds with light complexion, he wore a blue cap and car coat and fled in a brown 1959 Chevrolet station wagon after demanding cash from President Paul F. Lindholm at the teller window. No arrests yet as police continue the hunt. the bank had previous robberies in 1961 and 1930.
MENTIONED IN THIS ARTICLE
Maple Plain, Minn
Maple Plain
Paul F. Lindholm
Lindholm
Florence Breen
Also Mentioned on This Page
Ryan
Los Angeles
Delaware Corporation
Cash
George Ryan
Ada
C.F
Encyclopaedia Britannica
Musicians Union
Lone Bandit
Fantle
Barbizon
Lazy-Belle
Zehpaire Batiste
Agency
Omega
Rogers
Sterling Shopping Center
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