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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
May 04, 1974
Page
5
Tight credit and a sluggish stock market curb entrepreneurship and growth. Small firms struggle to raise funds in a weak new-issues market while banks demand higher loan costs. Corporate mergers stall as price earnings remain low and investor appetite fades.
Pickets posted Friday at the Beefland International packing plant in Council Bluffs to protest alleged unfair labor practices. Union official Robert Parker of District 27 says management refuses to negotiate a contract that expired at midnight.
The whey soy beverage, a cheap nutritious option for foreign and U S schools under the Food for Peace program, would replace some dried milk use. The 13 percent solids beverage costs less than half the price of nonfat dry milk and matches the nutrition of whole milk. Bids were accepted for shipments to run through the month with a million pounds sought in a prior call.
Firefighters fought a Thursday blaze at the Midwest Walnut Co building, with flames heavily damaging the structure that contained finished lumber and wood chips. Fire Chief Warman Elgin said the first call came Thursday and a second at about 5 a.m. Friday. the cause is under investigation. Meanwhile USDA dairy production figures show March fat dry milk down 21 percent from March 1973, dry whey up 0 percent, and nonfat dry milk supplies constrained amid Food for Peace purchases.
Omaha Finance Director George Richardson said Nebraska federal revenue sharing will fall by 3 million dollars and Omaha by about 576 thousand for the coming year due to a reduced state tax effort after the income tax rate was cut. Omaha’s share drops from 44 million to 41 million, and the city’s amount from 5,459,000 to 4,783,000.
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