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Newspaper
Mexico Ledger
Location
Mexico, Missouri, United States of America
Date
Jan 13, 1976
Page
3
The report lists bank deposits for Audrain and two banks in Mexico at year end 1975 and 1974, and utility electric power sales in Greater Mexico by month. It includes postal receipts figures by month, noting increases over the prior year and total annual figures for electric and postal activity.
The Audrain Montgomery state employment service office in Mexico processes unemployment insurance benefit payments. The program supports eligible workers through state funds and local administration, distributing payments to claimants and guiding them through eligibility requirements and filing procedures.
CENTRALIA A B Chance Company's tool shipping department marked its second longest safety run with 20 years without a disabling injury. The unit established January 1 1956. A safety banquet will honor current wool shipping staff including Richard Hatfield Charles A Wyatt Jr Donald Jennings John Sanders Robert Swindell Charles A Walker Walter Canute Homer Colley Earl Webb, overseen by Harold Davenport foreman and Jim Sitka working foreman.
Wetterau Incorporated will exceed 800 million dollars in revenue this year, says Ted C. Wetterau president and chairman. The firm notes 90 percent of revenue comes from seven Food Services divisions serving independent IGA and Red & White supermarkets across 15 states. The piece highlights data processing, energy management with 12 to 15 percent energy cost cuts, warehouse automation, vehicle routing savings, shelf allocation to boost profits, planned Delp Co. acquisition, eight new distribution centers, store expansions, and nine profit centers within the Industries group with $9 million planned capital expenditures.
Audrain County bank deposits climbed 10 percent last year to a new high of 79,282,348 dollars. Mexico area banks reported 48,947,902 dollars in deposits as of December 31, 1975, up 3.5 million from the prior December. Countywide, deposits in Vandalia Laddonia and Martinsburg banks rose to 30,334,446 dollars, up nearly 4 million from the year before, bringing the county total to 79,282,348 dollars and a 7,444,141 gain from 1974.
Emerson Electric Co. posts a record 18th straight earnings year for fiscal 1975 despite a sales dip from recession. Charles F. Knight cites cost reductions exceeding targets, boosted international sales, and a merger with A.B. Chance as drivers. The firm forecasts 60 million in 1976 capital spending and expects gradual market recovery through 1976.
Delta Air Lines appoints Raymond R. McCoy as station manager in Tampa Florida. A 30 year veteran, he started as a Ramp Agent in St Louis in March 1946 and rose through ticket, senior and chief agent roles. He has served as station manager at Chicago and Atlanta and most recently held a regional posts at Delta General Offices.
Citizens Savings Association of Mexico reports total assets of 118,824,557 as of December 31 1975 up 27,653,123 or 80 percent from 1974. Savings capital rose 27 percent to 90,084,655 with real estate loans up 20,575,887 or 29 percent. President John G. Baker notes a record dividend of 5,793,601 and highlights include opening Wickert Agency in Memphis Missouri anniversary events Kirksville Kirksville branch opening and new mobile facility serving Lancaster Milan and Unionville.
The Mid-Missouri Chapter of the National Association of Accountants will meet at Heritage House Restaurant in Columbia Wednesday. Social hour at 6:00 p.m. and dinner at 7:00 p.m. Dr. Michael J. Scanlan, Columbia’s director of finance, will speak on the distinction between chief accountant and chief financial manager. He also teaches at the University of Missouri and has advised state auditors on EDP audit skills.
IRS district director warns Missouri taxpayers may miss early refunds if W-2 forms are not delivered by January 31. Publication 15 Cir cular E explains proper W-2 handling and is available free at IRS district offices.
CENTRALIA Five million dollars richer. A. B. Chance Company’s profit sharing fund rose to 16.3 million, up from 10.9 million a year earlier, with about 1,500 employees eligible after one year. The fund paid 572,687 as annual company share for the year ended Sept. 30, 1975, aided by Emerson Electric merger gains and investment growth.
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