The Algona Upper Des Moines from Algona, Iowa on November 22, 1967 · Page 3
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The Algona Upper Des Moines from Algona, Iowa · Page 3

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Algona, Iowa
Issue Date:
Wednesday, November 22, 1967
Page:
Page 3
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Universal Mfg. Of Algona, Iowa's Industry Of Week' Algona, (la.) Upp«r DM Moinftf- 3 Wednesday, Nov. 22, 1967 TITONKA - Paul Larsen, Eldon Hike, Linda Budlong, Brenda Eden, Linda Hinkle, Richard Kardoes, Janice Larsen, David Sleper, Sherman Sleper, James Stecker, Roger Tjarks. WESLEY - James Blain, William Funnemark, Carol Otis, Lorraine Funnemark, Christian Nygaard, Daniel Skow, Helen Skow, Reuben Skow. WHITTEMORE — Gregory Betts, Milton Butzke, Stephen Detrick, Gary Erdman, David Frink, Dennis Frink, Leonard Kenne, Everett Maahs, Barbara Medin, Donald Meyer, Cletus Mosbach, Robert Schmitt, StephenSchuller. Church World Service Truck Due Dec. 11 Universal Manufacturing Co. of Algona, was the subject of a feature story on the business page of the Des Moines Sunday Register, Nov. 19. While some of the content of the story may be known locally, there were a number of interesting paragraphs which should be reprinted, and may give area residents a better understanding of the scope of activity and production of one of Algona's major industries. Quoted from the Register's article: The firm's annual report to stockholders by J. H. McFayden, president, showed sales were 0.9 per cent lower than in fiscal 1966, and the earnings were off 4.0 per cent. However, the margin of profit was still at a healthy 12.93 per cent of sales vs. 13.34 per cent In the previous year - and the company increased its dividend rate on 204,000 shares of outstanding stock by 50 per cent to $1.50 a share vs. $1 in fiscal 1966. Sales for the year ended last July 31 were $3,199,819 vs. $3,228,503 a year earlier, and net income was $413,785, or $2.03 a share vs. $430,784, or $2.11 a share in'fiscal 1966. The report said that Ford Motor Co. ranked Universal for the first six months of 1967 as No. 1 in quality control among the 30 other authorized remanufactur- ers of small parts, and No. 2 in engines. Ford, which ranks any operation as excellent if rated penalty points do not exceed 3.0, gave Universal 0.7 penalty points in small parts and 2.2 points against engines. The Algona plant, a 23,000- square-foot facility with 105 em- ployes who receive about $700,000 annually in salaries and wages, produces 7,800 engines and 294,000 small parts in a year's time. A wholly-owned subsidiary of Universal, Allied Sales Co., sells remanufactured engines and crankshaft kits to 270 automotive jobbers in a six-state area. The subsidiary's products are made for Ford, Chevrolet, Plymouth, Dodge, CMC, International, Oldsmobile, Pontiac and Rambler cars and trucks. On July 31, Universal's total assets were $1,607,654, up 1.7 per cent. Current assets were 3.3 per cent lower to $1,377,809, but the ratio of current assets to current liabilities improved to 2.67 to 1 vs. 2.39 to 1 a year earlier. The company's gross investment in land, buildings and equipment on July 31 was $471,699, up 13.7 per cent for the year, while the depreciated value was up 48.1 per cent to$229,845. Stockholder equity rose 10.9 per cent during the year to $1,091,991, equal to $5.35 a share vs. $4.82 a year earlier, The company paid a 2 5-cent quarterly dividend and an extra of 25 cents, both on Nov. 15 to stock of record Nov. 1. The stock, traded in the over- the-counter market, was bid recently at $17.50, where it was selling at only 8.6 times fiscal 1967 earnings, and where the yield is 8,5 per cent. In the Algona operation, Earl Lierley is executive vice president and a director of the company, and I, G. (Pudge) Miller is assistant treasurer. Noteworthy Record BRATTLEBORO, VT. — Vitae Comet Leader Becky, a three- year»old RegisteredHolstein cow owned by John R, Ruger, Fenton, has produced a noteworthy re* cord of 16,280 Ibs. of milk and 712 ibs. of butterfat in 322 days. Iowa State University supervised the production, weighing, and testing operations. 157 Kossuth Students At ISU, Present Semester Kossuth county has 157 students among the record 16,841 enrolled at Iowa State University this fall. The enrollment surpasses the previous high of 15,183 set in the fall of 1966. This is the seventh consecutive year in which an enrollment record has been set. Men outnumber women 12,284 to 4,557 in the student body. Kossuth students are: ALGONA- Rosemary Bullock, Connie Darbyshire, William Deal, Robert Farnham, Michael Carman, Dennis Georg, Daryl Johnson, Roger Johnson, Susan Moulton, Larry Munger, Michael Nitchals, JohnStuder, Douglas Barr, Russell Bode, Michael Boekelman, Robert Bradford, Patricia Conn, Jo Ann Cox, Robert Dreesman, William Farnham, Dorene Funk, Calvin Haahr, Pamela Hopkins, Lois Hunt, Roger Long, Joel McNeill, Michael McNeill, David Martin, Dennis Miller, Jean Miller, Rose Mino, Ron Nelson, Maureen O'Brien, Jean Owens, James Peterson, William Rahm, Sandy Schenck, Richard Slobe, Vicki Steil, Judith Switzer, Philip Taylor, John Will, Sharon Willrett, Daniel Zaugg, Matthew Clark, Carl Danielsen,DwightFrideres. BANCROFT - Allen Kockler, John Meyer, Raymond Vaske, Melvin DeGeeter, Eugene Dumstorff, Edmund McGuire, John Weber, Madonna Gisch, Donald Hannisch. BURT - Joe Fries, Clint Patterson, Duane Peter, Linda Fairbanks, Duwayne Gebken, Richard Gebken, Monte Hammond, Ellen Henry, Verlyn Larsen, Kenneth Richter, David Walker, Ann Wilson. FENTON - Bonnie Crouch, Donald Lynch, Thomas Strueck- er, Joan Geesman, Charles Kern, John Laage, Linneas Laage, Loren Menz, Richard Shaw, Timothy Struecker. IRVINGTON - Norman Klein. LAKOTA - Pamela DeBoer, Elizabeth Buckels, Wayne Cordes, Craig Ellsworth, Linda Hoeppner, Thomas Julius, Brian Ellsworth. LEDYARD - GretchenDeBoer, Mark McCoy, Thomas Anderson, Jon DeBoer, Roger Green, Lyle Haag, Merlyn Haag, Dwayne Klocke, Monica Munyer, Dianne Waterhouse, Ann Carpenter, Ellsworth Dutton. LONE ROCK- LynnBierstedt, Rodney Jensen. LU VERNE - Dennis Awe, Rita Patterson, William Reding, David Ruhnke, Gerald Sill, Daryl Trauger,- Zelda Witzel, Douglas Holmes, David Mueller, Elaine Schnakenberg, John Wickett. SWEA CITY - Craig Larson, Eugene Person, Judith Davidson, Petrea DeBoer, David Harner, John Langerman, Leroy Larsen, Philip Menke, Howard Person, Rodney Smith, Charles Stewart, Gerald Thompson, Robert Thompson, Paul Thoreson. A major community appeal takes place this month, according to Rev. Frank Harcey, contact person for this area. He urges everyone to again get together clothing to share with the unfortunate people around the world. Recent word from Church World Service, sponsoring agency, indicates that present supplies must be doubled in order to care for emergency needs which occur in Vietnam, Pakistan, India, Chile and the United States. The CWS truck is expected to stop at the Presbyterian Church, Algona, Dec. 11 at 8 o'clock. Prior to this time, families are requested to take clothing to their local churches as the first stop in getting it on its way. Most churches have clothing committees to box the clothing, label and deliver to the place where the truck will stop. Local churches should bring their clothing to the Presbyterian Church by Dec. 11. The clothing trucks, operating from CWS centers at St. Louis, Mo. and Nappanee, Indiana visit Iowa three times a year. Church World Service is the cooperative church agency which also collects food and self-help materials through the annual CROP drives. Distribution of supplies overseas is in the hands also of church agencies and is given to those in need without regard to race or creed. WALLEYE Mrs. M. P. Petersen, Lake View, hooked a 10 lb., 8 oz. walleye pike from Black Hawk Lake the end of last month. It is reported to be the largest walleye ever caught there. We invite you to shop ALGONA ... for the girl in your life. The finest in lingerie, The nylons she uses, Hones and Belle Sharmeer. Jewelry that sparkles with a verve, Sweaters and skirts of a quality she wants. Blouses, such as Ship N' Shore and Sweet Adeline, Dresses with a fashionable flair. Suede coats and jackets, only in Highlander, Robes and dusters — colorful, practical and desired. Gloves of all types, Sportswear, with a true fit. You'll be glad, and she'll be glad, that you shopped . . . IN ALGONA NORTH CENTRAL IOWA'S FINEST AND NEWEST STORE FOR LADIES + ++ A + + + +*.*.* *~* *~^^^ ~ fjt ~.^ m fift m^fr^*. YOU ALWAYS GET EVERYDAY LOW PRICES AT HOOD'S PRICES IN EFFECT FRIDAY, SATURDAY, MONDAY, NOV. 24 - 25 - 25 USDA CHOICE CENTER CUT CHUCK ROASTS USDA CHOICE ROUND BONE SWISS STEAK USDA BUDGET STRETCHER CHUCK STEAK l3mjl3MMtVfcTHfcTM^-Mfc»,-»y»-K»» 491 BOONE RIVER HICKORY SMOKED SUMMER SAUSAGE BLUE BONNET MARGARINE BUTTERNUT COFFEE o 1 LB. 69c MORTON HOUSE PORK & BEANS r HORMEL'S CHILI 161/2 OZ. CAN 15 OZ. CAN BOYARDEE CHEESE PIZZA I I I I I I MIX FREE SAMPLES OF FRESCA . . . . . . FRIDAY - 12 - 9 AND SATURDAY -12-6 SCOTTIES 200 COUNT BOX ML Z| FOR v^*^^ • » ••••* ^v^r ^v^v ^^ • ^ • v^^v% FACIAL TISSUES BANANAS * Ib. SUPER VALU FRESH GREEN JL FRESH GREEN V LETTUCE 2 LARGE HEADS SALTINE CRACKERS 1 LB. BOX 2 FOR DUFF'S MIXES GINGERBREAD - CORN MUFFIN INSTANT POTATOES - BROWNIES CAKE & FROSTING 10* ! SKIPPY - NEW 21/2 LB. SIZE I PEANUT* BUTTER* I JOLLY TIME POPCORN 2 LB. PKG. PUREX 5 QT. PLASTIC JUG FLAV-0-RITE FROZEN ORANGE JUICE 6OZ. CONCENTRATE CAN HOOD'S FOR SUPER UALU

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