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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
Feb 06, 1976
Page
9
The initial month of 1976 shows a robust stock market with the Dow piercing key resistance toward the 1000 level. Babson's Reports cautions on strike and wage pressures while maintaining guarded optimism for the year ahead.
Detroit based Douglas and Lomason reports earnings of 1.336 million dollars or 1.44 per share for 1975 versus a 1.493 million dollar loss or 1.63 per share in 1974. Sales rose to 64.899 million dollars, with continued growth in automotive parts and higher non automotive product sales. The company forecasts for 1976 remain favorable. The annual meeting is planned for Carrollton Georgia with rotating sites.
The Federal Reserve Bank of Kansas City reports 1975 gross earnings of 243.6 million and net earnings of 201.1 million before payments to the U.S. Treasury and dividends to member banks. Earnings from U.S. securities rose while loans to member banks fell sharply, and a 10.2 million foreign exchange loss affected results.
The Nebraska Public Service Commission receives General Telephone of the Midwest request for automatic timed recall equipment in the Columbus area with proposed rates of 1.60 monthly and 10 installation per trunk. protests due by Feb 6. A second filing seeks to revise Columbus service area to serve Daniel Murphy in the Schuyler exchange.
Arnold Melcher ends 40 years serving rural electric customers in Columbus area. He helped build the Columbus powerhouse in 1936 and dug the first pole for Cornhusker Public Power District. He rose from lineman to meter superintendent guiding a five person meter department by retirement.
Mrs John Lil Deden retires after 11 1/2 years heading the boys and men's department at the Tempe store. Her employer presented a pendulum gold watch and a hanging planter to honor the occasion.
Northern Natural Gas Co announces record earnings of 131 million dollars for 1975 with 5.80 dollars per share. Operating revenues reach 1.16 billion, up 15 percent from 1974, while net earnings rise 9 percent from 120 million. W A Strauss says results are excellent given the tough economy.
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