Inflation moderates amid recovery hopes in Bicentennial year
The piece notes nine straight gains in industrial output, a drop in unemployment to 7.8 percent, and January stock strength while warning against excessive optimism. It cites New York City and state deficits, planning shifts, and international inflation trends, with France and Germany currency tensions and ongoing global monetary volatility. It concludes that conditions have improved but caution remains for 1976.
MENTIONED IN THIS ARTICLE
Wall Street
France
Italy
Germany
Great Britain
Byron
Local Business Briefs Highlight Regional Deals and Appointments
Jane G Chadima buys Pencraft Studios at 4000 Adams SE and expands with 136 Thirty-sixth Street Drive SE. Nebraska Aluminum Castings founded by Hasley in Hastings, aims at vacuum die casting. Quaker Oats and DCM in London discuss acquisition of Marx Toys operations subject to board approvals. Bazelides named purchasing officer assistant cashier of Allied Bank TX in Houston. Gateway Transportation names Cunningham executive VP. Columbia to Univar deal for Great Western Malting subject to boards and shareholders. Donaldson declares 17.5 cent dividend payable March 5. Rockwell declares common 50 cent dividend. Series A and B preferred dividends April 1. Redford Northwestern agency posts all-time sales record in 1975. Burroughs Cedar Rapids staff honored for service. Bankers Life Cedar Rapids agents earn Premier Club. agency posts $18.8 million in 1975 sales. Gohmann Realtors reelects Kelly. new managers named and relocation director named. J A Riggs Tractor group tours FMC plants in Cedar Rapids and Lexington. Gazette to present electronic editing conversion at Congress Expo 75 in Amsterdam. Dunhill opens Cedar Rapids office with Richard Church as manager. Hormel reports 1976 first quarter vs 1975 figures.
MENTIONED IN THIS ARTICLE
Twenty-seventh Avenue SW
Frank I. Kintzle
Cedar Rapids
Bankers Life
U.S
Hawkeye Bancorp Reports Record 1975 Earnings and Growth
DES MOINES Hawkeye Bancorporation posted record earnings for 1975 with 1.69 per share, up 24.3 percent from 1974. Net income reached 3,596,216. Total assets 476,343,819, deposits 423,325,230, loans 260,658,346. Directors declare 2 percent stock dividend for March 15 and plan a 1976 dividend of 56 cents per share.
MENTIONED IN THIS ARTICLE
Des Moines
Hawkeye Bancorporation
Hawkeye
Cavanaugh Elected VP at First National Bank Emmons Minn
East Iowa Business Notes reports Belle Plaine C C Cavanaugh has been elected executive vice president of the First National Bank of Emmons Minnesota. He was named vice president in 1973 and joined the board in 1975 after beginning his career as assistant cashier at Citizens State Bank in Belle Plaine.
MENTIONED IN THIS ARTICLE
Belle Plaine
C.C. Cavanaugh
First National Bank of
AT&T posts bigger dividend as stocks surge on Wall Street
New York stocks climbed after AT&T announced a larger-than-expected 10 cent per share quarterly dividend. The Dow Jones rose 29.44 to 987.80 in a week of heavy trading, NYSE volume hit records, and the market neared its 1973 peak with broad gains among 1,389 advancers vs 489 decliners.
MENTIONED IN THIS ARTICLE
Communications Company
New York Stock Exchange
Dow
NYSE
American Stock Exchange
Associated Press
Miracle Earnings Up Sales Down at Grinnell Miracle
Grinnell Miracle Recreation Equipment Co reports 4 percent lower sales in 1975 from 1974 but a 64 percent rise in earnings. Net earnings were 570,272 dollars or 59 cents a share on 971,980 shares, versus 346,064 dollars or 35 cents on 979,808 shares in 1974. Sales total 11,709,021 dollars in 1975, down from 12,188,176 dollars in 1974. Directors approve a 6 cent dividend payable April 1, 1976, and the annual stockholders meeting is set for April 19.
MENTIONED IN THIS ARTICLE
Grinnell — Miracle Recreation Equipment Co
Four Area Credit Unions Elect New Officers
Four area credit unions elected new officers and board members. Praire schools Employees Credit Union named Glenn Selzer as chair. Marilyn Cech as vice chair. Richard Diehl as president. Elda Miller as secretary. Three-year terms given to Gene Seehusen, Glenn Selzer, and Adelaide Stahle. Committees feature Cech, Russell Werning, Ronald Rohlena on credit. Stahle, Seehu sen, Frank Young on audit. Other units elected leaders include Jack Clothier chairman of National Oats unit with Victor Perez as vice chair and Everett Williams as president. Postal Employees unit elected Alan Shaffer as chairman and LeRoy E. Hollan Jr. as vice chairman. Quaker Oats unit chose Larry Heese as board chairman with Zane Sharp as vice chair. Jim Kirkpatrick as secretary and John Ledore as president. Audit committee includes Lucille Overhulser, Ann Roper, Kay Scheneberger. credit committee lists Emmitt Doolin, Ann Fielder, Connie Wyckoff. Roger Johnson serves on membership committee.
MENTIONED IN THIS ARTICLE
Glenn Selzer
The
Prairie Schools Employes’ Credit Union
Marilyn Cech
Richard Diehl
Elda Miller
Gene Seehusen
Adelaide Stahle
Cech
Russell Werning
Ronald Rohlena
Stahle
Seehusen
Frank Young
Betty Robertson
Everett Williams
Phyllis McLaud
Tom Steskal
Jack Robertson
Credit Committee
Ruth Nowadzky
John Campbell
Perez
Alan Shaffer
Postal
LeRoy E. Hollan, Jr
Dennis L. Hansen
Larry Heese
Quaker Oats
Zane Sharp
Jim Kirkpatrick
John Ledore
Lucille Overhulser
Ann Roper
Kay Scheneberger
Emmitt Doolin
Ann Fielder
Connie Wyckoff
Roger Johnson
Mid-Continent Industries Reports 1975 Records and Earnings
Mid-Continent Industries, Inc. and subsidiaries set new records for sales and net income in 1975. Income from continuing operations rose 139 percent to 1,619,551 dollars from 676,980 in 1974. Fully diluted earnings per common share from continuing operations were 1.02 dollars for 1975 and 0.42 dollars for 1974.
MENTIONED IN THIS ARTICLE
Des Moines
Mid- Continent Industries, Inc
Mid-Continent
Cedar Rapids
Land O Lakes Buys Refinery in East Chicago Ind
Land O Lakes Inc and eight cooperatives bought an East Chicago refinery from Atlantic Richfield with a 126000 barrel daily capacity serving foreign and domestic crude. The $80 million deal, effective April 1, boosts cooperative production capacity into the 1980s. Atlantic Richfield will supply most customers during transition. Mid-Continent operates a Cedar Rapids bottling plant.
MENTIONED IN THIS ARTICLE
Land O'Lakes, Inc
Chicago
Ind
Atlantic Richfield
Land O'Lakes
Ralph Hofstad
AB Is Rarest Blood Group in ABC System
AB is the rarest blood group in the ABC system, one of nine recognized typing systems.
Also Mentioned on This Page
By J.A. Livingston
New York City
Abraham Beame
Hugh Carey
New York State
City of
Yonkers
State House Finance Agency
New York
Rambouillet
Ford
Kingston
Jamaica
International Monetary Fund
Valery Giscard d’Estaing
Helmut Schmidt
Philadelphia
Ingarre J. A. Livingston
Belgium
Canada
Japan
Netherlands
Sweden
Business News
Jane G. Chadima
Adams Road
Pencraft Studios, Inc
Thirty-sixth Street
Betty F. Altorfer
Nancy G. McHugh
Charys L. Pinney
Chadima
Brenton Bank
New Business
George E. Hasley
Jerry's Restaurants
Iowa Midland Supply
Nebraska Aluminum Castings, Inc
Hastings
Neb
Quaker Oats Co
Dundee-Combex-Marx “Ltd
London
DCM
Quaker
Marx Toys
Susan Heuer Bazelides
Allied Bank of Texas
Houston
University of Wisconsin
James Cunningham
Gateway Transportation Co., Inc
Gateway
Univar Corp
Columbia Corp
Columbia
Univar of Great Western Malting Co
Vancouver
Wash
Los Angeles
Donaldson Co., Inc
Rockwell International Corp
Thomas S. Redford
Northwestern Mutual Life Insurance Co
Milwaukee
Redford
Northwestern
Burroughs Corp
Larry Cox
Dave Congdon
Ray Obstield
Phil Anthony
Ron LeFebvre
Wenngroad
Aetna Life and Casualty
Insurance Institute of America
Robert E. Kelly and
New Method Equipment Co
Gohmann and Associates, Inc., Realtors
Thomas F. Kelly
Thomas R. Kelly
Larry Stevenson
East
al Harstad
West
Molly Zach
FMC Airlift
Arkansas
J.A. Riggs Tractor Co
Little Rock
FMC
Lexington
Gazette Story
Amsterdam
Holland
Inca Feij
International Research Association For
Gazette
Joe Hladky III
Dunhill
Puerto Rico
Professional Park
Third Street
Richard E. Church
George A. Hormel and Co
Austin, Minn
Hawkeye Bancorp
Amex
Kenwood Warehouse Co
East Iowa Business Notes
Pen Franh Fubbes Blampc
Iowa Theatre
Iowa
American Telephone and Telegraph Co
Miracle
Area Credit Unions
Jack Clothier
National Oats
Victor Perez
IBM
Erb’s Office Services, Inc
6Th St. S.W
Lowe
Brenton Financial Center
Second Street
Mid America
Weather
Deve Justice
7Th Avenue S.E
John M. Leland
Northwestern Mutual Life Insurance Company
International Association of Life Insurance Agents
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