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Muscatine Journal in Muscatine, Iowa

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Newspaper

Muscatine Journal

Location

Muscatine, Iowa, United States of America

Date

Dec 18, 1976

Page

6

Radio Shack gains in November sales. Winnebago reports higher quarter

Radio Shack and parent Tandy report November 1976 sales gains over 1975 with Radio Shack North America posting 80.1 million and Tandy 86.5 million for the month. Winnebago Industries shows first quarter earnings of 2.98 million on 57.4 million in sales, a 48.2 percent rise, as it ends modular housing production. Wolverine World Wide raises its quarterly dividend to three cents per share, payable Feb 1 1977 to holders of record Jan 3 1977, amid company improvements. Hemphill transfers from Iowa Electric Light & Power Muscatine plant to Sterling Colorado as division manager of a natural gas system, after 22 years with the company.

Radio Shack North America Tandy Corporation Tandy Muscatine Mall States Canada Tandy International Electronics Forest City Winnebago Industries, Inc Winnebago John V. Hanson Wolverine World Wide, Inc Wolverine Muscatine Musser St William K. Hemphill Fair Acres Iowa Electric Light & Power Company Sterling Colo Hemphill Iowa Electric Light & Power Colorado

Central Soya reports weak first quarter earnings

Central Soya estimates a 40 cent per share loss for the first 1977 quarter ended Nov 30, below 80 cents in the prior year. President and CEO Joseph F Jones has been advanced to chairman while poultry margin declines pressured results.

Fort Wayne Ind Central Soya Joseph F. Jones International Agribusiness and Food Processing Company Jones

Sensational year for loans at Beneficial Corp in 1976

Beneficial Corp reports a record 100 million after taxes for 1976 driven by its high rate small loan business. With over 1,700 offices under Beneficial Finance, it ranks as the nation’s second largest small loan operation after Household Finance Corp. Receivables surpass 2 billion as the company fuels growth by lending to borrowers who may not qualify for banks. A mailed cash voucher offer highlights the costly nature of the loans, including a 29.9 percent annual rate and security on household items. The dividend per share is set to rise from 40 to 50 cents this year.

Beneficial Corp Beneficial Beneficial Finance Household Finance Corp HFC

Real estate or stock and bonds debate persists

A reader asks whether real estate or stocks and bonds are safer and tax efficient. The columnist notes stocks and bonds are risky in all months and that real estate carries risk too. Tax shelter exists for some growth stocks and municipal bonds, while tax-exempt bonds with high yields may appeal depending on tax brackets. The column covers bond ratings, back office issues, debt payoff timing, and invites readers to submit questions to Sam Shulsky for column answers.

Also Mentioned on This Page

Tom Korte John’s Pizza Place Joanne and John Zaimes John‘s Pizzas E. and St Muscatine Chamber of Commerce New Pet Store Bill Betty and Pat Bennett Mr. Pet Clyde Hubble 130 FE 2Nd St Winnebago Sales Up New York Milwaukee Pittsburgh Cincinnati Cleveland Chicago Denver Savings and Loan Associations U.S. League of Savings Associations C. Peters, Inc Midland International Far East Milton Moskowitz Q. I Q. Tam Standard & Poor's Moody's and Fitch Q. T Mr. Shulsky Sam Shulsky Muscatine Area Fourth St
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