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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
Jan 30, 1976
Page
9
December sales rose 1.75 billion to 52.1 billion and were 15.5 percent higher than December 1974. For all of 1975 retail sales climbed 8.7 percent to 584.8 billion, outpacing 1974 inflation. Some say installment debt growth slowed, tempering confidence, while observers foresee potential 1976 dollar-volume records.
Everett Loury of the IRS Nebraska district notes a $30 credit for each exemption claimed on Form 1040 or 1040A. This credit excludes age or blindness exemptions. If not filed, the IRS will apply the credit when processing returns. Consumers show rising buying power despite unemployment, aided by government transfers. Watch for policy changes and contracting renewals shaping the economy this Bicentennial year.
Becton Dickinson and Company, based in Rutherford New Jersey, announced first fiscal quarter results for 1976 with sales up 9.3 percent to 116.46 million and net income up 26.4 percent to 9.093 million. Earnings per share rose 14 percent to 49 cents. Domestic medical and laboratory sales climbed 11.7 percent while international volume rose 8 percent. domestic industrial safety was flat. The firm cited improving US economy and hospital use but noted ongoing European recession affecting international business. Cost controls and higher interest income supported margins expanding to 14 percent from 12.3.
Connecticut Mutual Life announces 1976 policyholder dividends of 111.4 million for Columbus area, up 7.3 million from last year. This marks 129th consecutive year of dividend payments. The firm reports strong 1975 sales gains with 20 percent rise in annualized income and a 51.3 million new premium income. Annuitites lead gains at 140 percent.
Campbell Soup Co reports 3.86 million dollars in expenditures in the Fremont area for the fiscal year ended last Aug. 3. Fremont plant manager Ronald Hall cites 3.28 million for wages and benefits and 580 thousand for supplies and services. 26,596 tons of freight movements and poultry products moved between Campbell plants. The Fremont plant supports other Campbell facilities including Omaha and Tecumseh.
A UPI report notes George Washington faced credit issues as he delayed a five pound tailor bill from William Carlin. The bill dated June 26 1771 covered clothes for Washington and his servants and was settled on February 13 1772 after seven months.
U S Steel Corp reports 1975 income of 559.6 million dollars, down about 70 million from 1974, with per share 10.33. Board chairman Edgar B. Speer sees an upturn and predicts steel demand will rise as the economy recovers, expecting shipments to reach around 90 million tons in 1976.
Columbus Optimist Club members toured Nebraska during a noon Friday event. They viewed a slide presentation of Nebraska scenes narrated by Henry Fonda and shown by William A. Martin of the Department of Economic Development.
Valmont Industries Valley said preliminary figures show a record 1975 earnings per share of about 2.85, surpassing 1974's 2.54. The firm, a maker of center pivot irrigation systems, steel pipe and tubing, transmission poles, lighting standards and traffic signal poles, released unaudited results.
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