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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
Mar 07, 1975
Page
17
Stocks remain priced far from prior peaks limiting feasible splits. For a decade large firms often looked like split candidates, but today only a handful of issues seem positioned to spin off or split, shrinking the pool of potential candidates.
Cedar Rapids businessman Robert C. Kayton owner of Kayton Implement Co was elected national president of the International Harvester Dealers Council for a one year term at a Chicago meeting. The council includes 2 400 IH Agriculture Division dealers and 18 from nine regions. Kayton also serves on the boards of Loup Power District and First National Bank.
Mrs Frances Tooley retires this week after 26 years in the credit field with Model Finance Company. A Columbus native and widow of Frank Tooley she will continue to reside there with her four Columbus children James John Joseph and Jane and another daughter Mrs Denis Baumert who lives in Lincoln.
A financial brief notes that stock splits often follow price advances and headline ranges between 25 and 50 dollars per share. It explains investor psychology and potential dividend boosts, then lists 14 companies Babson’s Research Dept views as likely split candidates in 1974 75 with price highs and lows.
Lindsay Manufacturing Company announces Robert S. Snoozy as Western Division sales manager. Former research engineer led design and application of Zimmatic center pivots in feedlot municipal and industrial waste projects. Company expands plants in Amarillo Texas and Lindsay Nebraska to support higher production and a $2 million upgrades program.
Kennecott Copper aims to start ocean bed mining within years with a multinational consortium, estimating a $300 million to $400 million project per site. Nodules at 15,000 feet hold manganese nickel copper cobalt and more. Processing plants likely on the West Coast, notably California, with ship-based extraction and electrolysis.
Omaha steady demand for new grads from Creighton University favors potential insurance salesmen and accountants entering the job market this spring. Winters notes strong openings for these majors as graduates depart college.
Skagway Department Store advertises an opportunity for advancement with many benefits including profit sharing. Confidential replies requested to Mr. Asay or Mr. Bergholz.
About 35 representatives from Nebraska Iowa Kansas Montana Missouri Ohio and South Dakota attended a Henke Machine Inc gathering on Wednesday to discuss square bin fabrication at the Columbus plant. Afterward visitors toured the east Columbus facility and met with Henke officials and staff.
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