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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
Jan 07, 1977
Page
2
UPI reports midday stock prices with listings for major firms including Alcoa Am Can AmAir and Am Cyan along with AllisChalmers Auld Strs and Am ELPwr. Dow Jones indices show gains across Industrials Transports Utilities and the overall market with the Industrials up 3.57 points and the broader Dow at 983.46.
Chicago Mercantile Exchange figures show live cattle and frozen pork bellies trading with last prices around 37.75 to 41.85 for cattle and 54.15 to 55.30 for pork bellies, alongside live hogs near 36.50. Market activity notes include several contract values and day totals.
Northern Burlington on Thursday announced the first phase of a 50 million railroad improvement program in Alliance. RN regional vice president R L Merklin said the initial phase costing about 10 million will include related facilities and is slated for completion this year.
Carol King receives an emblem commemorating 10 years of service with NPPD and began in licensing and quality assurance in September. Keith Slonecker and Sam Christensen cited for five years of service with NPPD. Slonecker started as a junior draftsman trainee.
UPI reports Omaha livestock figures with hogs trending 50 to 75 cents lower across weights. No 13 hogs 39.00 to 39.25 with rounds around 39.50. heavier hogs 37.00 to 39.25. sows down 1 to 1.50. Cattle and calves 1,200 with utility cows 22.50 to 24.00 and canners 19.00 to 23.00. sheep none. Monday projections show cattle and calves 6,500 hogs 5,000 sheep 800.
A U S Department of Labor quarterly report for July to September 1976 shows Kansas with the lowest unemployment among Iowa Nebraska and Missouri and the largest rise in non agricultural employment. The agency notes despite soft prices the state's overall economy remains sound.
Wayne Buller of Aurora becomes a member of Columbus Electrogator, with history as Electrogator pivots manager for Henderson Irrigation and over 100 systems sold. Hynek runs another Deshler dealership as the Reinke line expands. Wayne and Wanda Buller will live near Columbus with three children. a KTTT farm exposition display is planned.
The federal excise tax on telephone bills drops from 6 to 5 percent starting January 1, cutting costs for U S customers. Officials estimate about 275 million dollars will be saved in 1977. The tax, a World War I levy, was intended as temporary and was scheduled to end in 1982 after gradual reductions since 1972.
Spencer Foods Inc of SPENCER IOWA reports a net loss of 319000 or 0.33 a share on 137183000 in sales for the latest quarter, while yearly sales reach 514005000 with net income 1234000 or 1.15 a share. The year reflects a leather division loss and Miami Meat processing losses offset by tax credits and export sales gains. A Dirt Gold Seals Meats deal with the Hitchcock Group aims to revive Florida market share and Dirr operation profits. Board also declares a quarterly dividend of 0.08 per share payable January 31.
Dan Gordman announced Joseph Kun becomes general manager for the Shoe World Division joining his current duties. Twelve new Montgomery Ward full line stores are planned for 1977 in New Hampshire Florida Maryland Illinois Ohio Missouri Texas California Alabama. Frontier Airlines A L Feldman named director at the Federal Reserve Bank of Kansas City replacing Maurice B Mitchell. Feldman serves on the Denver Branch board which meets monthly to discuss policy and economics.
Lindsay Manufacturing announces expansion of its operations to Columbus near the Agricultural Park, adding a new facility to its Lindsay Nebraska and Amarillo Texas plants. The move aims to support growth, product development, and existing lines with production expected to begin by 1977.
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