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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 18, 1977
Page
3
U S Commerce Department reports personal income rose six tenths in May to 1 507 billion annualized, with wages and salaries up nine billion and manufacturing payrolls up 3 ½ billion. Transfers fell 2 ¾ billion. veterans benefits trimmed. Also notes staffing gains, hours and earnings in durable goods.
Waugh Eric Bud of Bud's Super Valu Muscatine receives the Outstanding Merchandising plaque from Super Valu Stores Inc. in Des Moines. one of 25 division retailers honored for creativity during the Gay Is Spectacular May 3 to 9. The Des Moines division covers 244 affiliated stores and over 1,600 independent outlets in 22 states with projected annual sales above $2.49 billion.
Cathy Louise Voelkers will join St Luke's Hospital Davenport after August 8. She is the daughter of Ruth Voelkers and the late Clarence Voelkers of Durant and will graduate from the Moline School of Nursing on July 1. General Growth Properties declares a third quarter dividend of 35 cents a share, payable July 19 to shareholders of record July 1. It is listed on the NYSE with over 256 million dollars in real estate equities nationwide.
Officials of Fleetway Stores Iowa City announce Donald Hamm as manager of the Fleetway Store here. He assumed duties June 11 after working with county care facilities in Muscatine and Louisa counties and previously managing a tire business and automotive equipment firms in southeast Iowa. Hamm, his wife and two children live on rural route 6 in Muscatine.
James Newberry of 114 W 10th St Muscatine has accepted a position with The Trane Company in LaCrosse Wisconsin as a cost accountant. He is a May graduate of Mankato State University with a bachelor of science in accounting.
Clyde Wacker received outstanding life insurance service honors at the National Association of Fraternal Insurance Counsellors convention held at the Royal York Hotel in Toronto. He earned a double quality award for more than $1 million in insurance sold and has represented the Aid Association for Lutherans in the area since 1968.
Walgreen Company chief Charles R Walgreen III was chosen chairman of the National Association of Chain Drug Stores. He noted chains expand health care services with optical goods hearing aids and convalescent supplies. He described government growth and regulatory burdens as the greatest challenge.
Stanley Consultants engineers Robert C. Szczerbicki and David B. Iredell presented a paper at the American Power Conference in Chicago. The study, titled Solid State Electronic Systems for Power Plant Interlocking and Control, explored feasibility of a new solid state approach to interlocking for power plants.
The piece compares the hires of Donald N. Smith and Terrance A. Collins from McDonald's to run Burger King and Burger Chef. It notes McDonald's vast scale, higher per outlet sales, and dominance, while flagging questions about whether Smith and Collins can bring the same profit-generating know-how to their new roles.
A 45 year old, single, with about 70 thousand savings and 18 thousand in securities, questions growth stocks versus dollars for long term. Advice notes last five months do not define an investment lifetime and suggests listing stocks for long term. On real estate, cautions that land requires expertise and careful evaluation, recommending trusted real estate organizations.
Non governmental surveys point to a brighter job scene through 1978. The Help Wanted Index climbs to 106 in April from March lows, signaling rising demand as the May unemployment rate slips to 6.9 percent, the lowest in 30 months. Strong demand remains for engineers and tech grads, with college placement reports indicating 1977 78 hiring steadier and more than 18 percent higher than last year. Endicott confirms optimistic summer hiring, while Washington figures show continued declines in joblessness.
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