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Newspaper
Austin Daily Herald
Location
Austin, Minnesota, United States of America
Date
Dec 23, 1964
Page
2
R D Arney outlines marketing as the over all plan from producer to consumer highlighting market conditions in 1964. He cites rising incomes grocery sales, the role of independents and co ops, distribution by sales reps, and the impact of advertising and packaging on shaping consumer choice.
Geo A Hormel Co reports 1964 net earnings of $5.72 million on common stock, with 1964 sales at $411.83 million, 10.3 times 1929. Physical volume climbs to 1.272 billion pounds, stockholders’ investment grows to $52.87 million, and 144 straight quarterly dividends are documented. The company notes ongoing capital improvements and a workforce of about 8,110 in Minnesota and beyond.
R F Gray outlines progress at Austin plant and new facilities amid cost reduction, quality control, and expansion. He notes Los Angeles move, a Can Co. project, and overseas canned meats growth while urging continued development and research. He discusses food costs, market realities, and the need for further plant improvements and investment.
The piece defines operations to include livestock procurement, slaughter, processing, by products, and surplus. It notes a national trend with beef up due to Miami Oklahoma plant production and broader plant utilization, hog slaughter up one percent, and Mitchell South Dakota plant expansion aiding capacity. Computers speed post slaughter records on each animal for buyer origin and carcass value.
Frank X. Clarke 78 of Mitchell South Dakota died in a two car collision on U S 81 a mile and a half south of Bridgeport Kansas. Clarke was a passenger in a car driven by Robert Jacobs 68 of Sioux Falls South Dakota. Jacobs and Clarke's son Thomas 42 were injured and taken to St Johns Hospital Salina. The patrol reported the Jacobs car swerved into the wrong lane and hit the Daughn vehicle.
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