Kossuth County Advance from Algona, Iowa on May 3, 1971 · Page 7
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Kossuth County Advance from Algona, Iowa · Page 7

Algona, Iowa
Issue Date:
Monday, May 3, 1971
Page 7
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Business News Record Sales Again For Snap-On C ° nse tlve *«• Snap-on Tools Corp. set te an be <R7fi <m nnn a i"" increased $10,292,000 over 1969 to sllef r2 ff a T r *f Se f, 1 ?- 5 *- Grover went on to s *y that th * Si on J « », f testimonial to a great performance by a strongly led ^_effectiyely staffed sales organization. " "- 1 - 1 -- L rnings after taxes increased $1,503,000 to increase. A portion of this increase was pro- reduction of the united States federal surtax from 10% '° yearly rate of 21/2%. Based upon the average num- f« *o M outstanding, earnings per share of stock increased to $2.41 compared with $1.94 in 1969. M«T h fu S . na i P " 01 ! product line « wh ich contains over 7,000 items, is distributed principally to the professional mechanic located in toe automotive service centers and garages of the nation by an outstanding dealer force. This force increased 8.5% in x y f u* Grover indicated that he was satisfied with the first QU in «» results. Consolidated net sales were $20,177,257 a 10.7% increase over first quarter of 1970. Consolidated net earnings, unaudited, for the first quarter were $2,030,995 a 6.4% increase over the same period of 1970. Earnings per share for the first quarter of 1971 were $.65 for $.61 for the first quarter of 1970. The Snap-on president suggested that the 1970 recession had bottomed out, but that inflation was still a way of life. He indicated that the company's labor settlements in 1970 called for substantial wage and fringe benefit increases, which would have an effect on 1971 profits. Grover reported that 1970 was a year of substantial growth in the company's physical facilities. "We spent for property, plant and equipment, less disposals, the sum of $3,915,000, compared . with $2,459,000 in 1969 and $1,297,000 in 1968." Budgeted capital improvement expenditures for 1971 total $3,700,000. Weidenhoff, inc. of Algona is a subsidiary of Snap-on Tools. Scholarships To West Bend And Algona Girls YANKTON, S. D. - Leslie Wildin, daughter of Mr. and Mrs. Les Wildin of Algona, la., and Katherine Smith of West Bend, la. have been awarded Mount Marty College partial scholarships based on academic excellence. The scholarship is to apply toward tuition costs next year. "When? . . . Read Ihe Algona (Newspapers and jou'll knowl... TITONKA | By Mrs. Alfred Baade Kristine Mary, daughter of Mr. and Mrs. Kenneth Straub, LeSueur, Minn, was baptized Sunday moring at LeSueur. A dinner was held following the services in the Straub home. Her grandparents, Mr. and Mrs, John Welhousen, Titonka were among the guests. Mrs. Welhousen has been visiting in the Straub home the past two weeks. Coniolidilvd Rtpori of Condition of 'EXCHANGE STATE BANK' Dom "" c clo.e of ASSETS " 1. Cash and due from banks (Including $4,954.09 unposted debits) ............... $ 23531294 2. U.S. Treasury securities ............ "* 101545 14 4. Obligations of States anl political subdivisions .."".".""" 7. Federal funds sold and securities purchased 9. Bank. premises, furniture and fixtures, and T "T"~" «„ 2. l V er assets representing bank premises ........ „ ....... 49,25459 13. Other assets .................................................. 2,551.80 14. TOTAL ASSETS ............................................ .$2.873,002.54 LIABILITIES 15. Demand deposits of individuals, partnerships, and corporations ... ............ . ...... ______ $1,112,62589 18. Time and savings deposits of individuals, partnerships, and corporations ___________________________ 1,343,572 18 17. Deposits of United States Government ______ ...... . . 27,922 42 18. Deposits of States and political subdivisions _____ . . 112,78384 21. Certified and officers' checks, etc. ___ ..... _______ . 386006 22. TOTAL DEPOSITS ......... . ..................... $2.600,764.39 1) ' w "'' vo (a) Total demand deposits .......... ______ ...... $1,166,192.21 (b) Total time and savings deposits ____________ $1,434,572.18 28. TOTAL LIABILITIES $2,600,764.39 RESERVES ON LOANS AND SECURITIES 30. Reserve for bad debt losses on loans set up pursuant to Internal Revenue Service rulings) $ 33,619.32 33. TOTAL RESERVES ON LOANS AND SECURITIES .$ 33,619.32 CAPITAL ACCOUNTS 35. Equity capital, total $ 238,618.83 37. Common stock-total par value . 6000000 (No. shares authorized 600) (No. shares outstanding 600) 22' r S r U !£ ll ?2 .- T 140,000.00 39. Undivided profits 38,618.83 41. TOTAL CAPITAL ACCOUNTS 238,618.83 42. TOTAL LIABILITIES, RESERVES, AND ' CAPITAL ACCOUNTS $2,873,002.54 MEMORANDA 1. Average of total deposits for the 15 calendar days ending with call date .-„ .$2,668,46980 2. Average of total loans for the 15 calendar days ending with call date - 2,178,286.80 3. Unearned discount on instalment loans Included In total capital accounts 11,741.30 We L. H. Klein, President, and D. L. Klein, Cashier, of the above- named bank do solemnly affirm that this report of condition is true and correct, to the best of our knowledge and belief. L. H. Klein, President D. L, Klein. Cashier Correct—Attest: D. L. Klein Edw. L. Johnson ) L, H. Klein Herman Bode ) Directdrs. Ben G. Studer J. W, Goetz ) State of Iowa, County of Kossuth, as: Sworn to mid subscribed before me thli 28th day of April, 1071, find I hereby certify that I am not an officer or director of this ., bank. My commission expires July 4, 1972. Lcuiru A. Klein, Notary Public. ALGONA LIVERMORE Irvington Man's Brother May Lose Finger IRVINGTON - Wayne Wickwire reports that his brother, Paul, Elmore, Minn., had the index finger practically severed from his left hand a few weeks ago when he was working with the corn head on his combine. He was rushed to the doctor and an attempt is being made to save the finger, but Paul reports that so far the feeling has not returned to it. - o BIRTHDAY HONORS "A pot-luck supper Thursday evening, April 22, at the home of Mr. and Mrs. Gordon Davidson and family, in honor of Mrs. Davidson's birthday, was furnished by the guests who were the daughters and daughters-in-law, Mrs. Tom Arndorfer and daughters, Mallard, Mrs. JamesRosenmeyer, Corwith; Mr. and Mrs. Oscar Froehlich; and Mr, and Mrs. Lee Froehlich and Chad, both from Algona. - o A birthday supper held'at the home of Mr. and Mrs. Roger Provencal, Algona, on Sunday evening, April 25, in honor of Roger's birthday, was attended by Mrs. Margaret Kent and Dick; Mrs. Margaret Curran and Paul; Pastor Keith Strayer and his sister, Marguerite Long, all of Algona. , Mr. and Mrs. Clarence Siemer were April 25 callers at the home of Mr. and Mrs. Milferd Hilbert at Britt. Visitors at the Gerald Coleman April 25 were the Toby Eastmans, Independence; Mrs. Bill Ankenbauer and Billy, Ft. Dodge; and Mrs. Ruby Coleman and Kerry, Livermore; and Mr. and Mrs. Tony Elbert, Irvington. Mr. and Mrs. John Schnakenberg went to Truman, Minn. April 25 to visit Mr. and Mrs. Edwin Jalmke. Mrs. Jahnke is a patient at the Lutheran Retirement Home there. Scott Smith, Lacrosse, Wise., rode his ijiotor bike to this area April 26 for a visit with his friend, Dennis Ziesman. Both boys were in the service together in Vietnam, returning from there recently and were both discharged from the service April 19. A. J. Eastman, Britt, was a visitor April 22 at the home of Mr. and, Mrs.. Gerald Qoleman, Irvington. Mr. and Mrs. Hugh Black were visitors in Des Moines April 26. Guests over the weekend of April 25 at the home of Mr. and Mrs. Ronald Sabin and family were the son-in-law and daughter, Mr. and Mrs. Henry Mayland, Titonka. Henry was here on National Guard duty Saturday and Sunday. On Sunday evening supper guests at the Ronald Sabin home were Mr. and Mrs. Henry Mayland and an- Etta Gilbertson Is Bride Of Bernard Hansen, Bancroft Etta Elaine Gilbertson, daughter of Mr. and Mrs. Ralph Gilbertson of Bancroft, and Bernard F. Hansen, son of Mr. and Mrs. Merlin Hansen, Whittemore, were married April 17 in St. John's Catholic Church at Bancroft. Msgr. Zeno Reising officiated at the double ring ce.re- mony at eleven o'clock in the !--__- ^ other son-in-law and daughter, Mr. and Mrs. Donald Beisch and Laurie Jean, Algona. Attending the Sim,Leigh funeral from a distance were Roy Butterfield and Mrs. Bernice Curran, Blue Earth, Minn.; Ray Butterfield, Delevan, Minn.; Mrs. Lititia Gray, Mr. and Mrs. John Frankling, Mr. and Mrs. Robert Leigh and Mrs. Preston Winch, all of Winnebago, Minn.; Mr. and Mrs.. Charles Lund, Ringsted; Urnald Lund, Des Moines; Mr. and Mrs. Gordon Hrabach, Waterloo; Wilma" Etherington, Good Thunder, Minn.;; and Mr. and Mrs. J. N. Ethering-l! ton, Eagle Grove, l^aaml ^ose,, who., ha4 7 b6efl a^University Hospital, Iowa cfty,, for three weeks following a heart. attack, was. returned to her home April 28. Mr. and Mrs. Carroll Potter, Algona, accompanied by Mrs. Gerald Coleman, Irvington, went to Ackley April 20 to attend a school program in which their grandchildren, Loren and Mary Potter, participated. They spent the night with the Kenneth Potters, returning home the next day. morning. Marjorie Inman of Bancroft was the organist and Helen Hansen of Whittemore was in charge of the guest book. Richard Frambach, Algona and Dale Wegener, Swea City, ushered the guests to their seats. Miss Gilbertson was escorted to the altar by her father. She was attended by Miss CaraGilbertson of Bancroft as maid of honor and bridesmaids were Mrs. Richard Meyer, Algona and Mrs. Greg Bromley of Lake View, la. Robert Heinen of Algona attended the groom as best man and groomsmen were Mike Hansen, Algona and Bill Foth of Bancroft, Acolytes were Chris and Donald Hansen, Algona, Allen Blocker and Darwin McCleish of Bancroft. The reception was held in the church parlors with Mr. and Mrs. Lamont Jansen of Cedar Falls the reception host and hostess. Punch 'was served by Mrs. Le Roy Wolf and Mrs. Roger Dits- i w.9r ; th.jMr.6, tyaiyfo Rath;,, Latye •.yiew and Mrs. Richard F, ram- bach, Algona, cut and served the wedding cake while coffee was poured by Mrs. Frederick Rath, Ida- Grove, la. and Mrs. Dwight Frambach of Algona. Waitresses were Connie Wegener, Suzanne Jansen, Helene Wolf and Cindy Frambach. Mrs. Robert Heinen, Susan Hansen and Anna Gilbertson opened and displayed the wedding gifts. Out of town guests were from New gas air conditioning (fortotal home comfort) "It's better." New gas air conditioning is better because it's cleaner and costs less to operate. Gas air conditioning is cleaner because it filters, dehumidifies and circulates all the air in your home. Dust, dirt and pollen are trapped in a filter. Then fresh, clean, cool air is blown gently into ~ . ., A . . every room. Gas air conditioning costs less to operate because there are fewer moving parts. Less to wear out and less to service. . Want to make it better at your house? See your gas air conditioning contractor or your local gas company. Gas.The Premium Fiiel. North Central Public Service Co. ON AlOONA "DAY OR NIGHT CALL 295-2484" Lake View, Ida Grove, Marble Rock, Lakota, Titonka, Ledyard, Cedar Falls, Wesley, Blue Earth, Minn., Algona, Lone Rock, Swea City, Woden, Whittemore and Burt. Following a honeymoon trip to Montana, the couple are at home at Bancroft. (Photo by Glenn's studio) OTTOSEN By Mrs. Donald Usher BIRTHDAY SUPPER Elsie Meyer, Fenton, was honored at a pot-luck birthday supper at her home Sunday night. Those who came were Mr. and Mrs. Paul Meyer and daughters, Rutland; Mr. and Mrs. Edgar Meyer and family, Algona; Mr. and Mrs. George Balgeman and Janet, Emmetsburg; Mr. and Mrs. Victor Meyer and family and Mr. and Mrs. Martin Meyer. - o - • Mr. and Mrs. Raymond Wehr- spann were last weekend guests of their son, Mr. and Mrs. Neil Wehrspann, Colona, ill. Mr. and Mrs. Roy Enockson visited Mr. and Mrs. Roger Ruter Sunday night. Rev. and Mrs. Gerhardt Gosnell and family attended a dinner given by Mr. and Mrs. Dick Grebner and Mr. and Mrs. John Hanson at the Community Hall at Rutland Sunday. The dinner was in honor of John Grebner's and Sue Hanson's confirmation at the Trinity Lutheran Church at Rutland. Later the Gosnells visited the Alvin Dornath home at Rutland in honor of Diane's confirmation. Mr. and Mrs. Arnold Bratland and family of Bode and Mr. and Mrs. Earl Long were Sunday dinner guests of Mr. and Mrs. Donald Lange, Ayrshire. They celebrated Earl Long's 73rd birthday. Mr. and Mrs. Lee Short, Spencer, were also supper guests. The Shorts returned home with the Longs and were overnight guests. Sunday night the "500" group surprised Earl Long on hfs birthday, bringing a birthday cake. The guests were Mr. and Mrs. H. D. Benson, Mr. and Mrs. MikeCoyle, Mrs. Fred Kampen, Melba Fox and Mr. and Mrs. Lee Short, Spencer. Mr. and Mrs. Henry Olson attended confirmation services for their twin granddaughters, Barbara and Betsy Anderson, Sunday. The services were held at the Trinity Lutheran Church of Webster City at 2 p.m. There were 33 in the class. The Olsons were supper guests of the girls' parents, Mr. and Mrs. Lawrence Anderson of Webster City. Melvin Ellingson had a birthday a week ago but friends and relatives came Sunday night, a week late, to help him celebrate. They were Mr. and Mrs. Ernest Habegar of West Bend, Mr. and Mrs. Gary Anliker and sons and Mr. and Mrs. Cletis Hundertmark and family. Mr. and Mrs. E. 0. Koehl of Hancock, Minn., were Wednesday overnight guests of Mr. and Mrs. Victor Banwart. Mr. and Mrs. Conrad Johnson and Scott visited Mr. and Mrs. Jim Johnson of Moorland Sunday afternoon. Kosiuth County Advance - 7 Monday, May 3, 1971 MOST COMFORTABLE SHOE-, Know the EXTRAS you get from FARMERS MUTUAL .HAIL • Immediate Coverage • Catastrophe Clause • Fall Premium Payment • Guaranteed Rate • And Many Others Ask Your Local Agent HAIL INSURANCES OUR BUS/MSSI L. S. BOHANNON 6 N. Dodge 295-5443 Algona,J6wa. 5Q5J 1 FOR YOUR NEXT AUTO LOAN ... THE MAN TO SEE IS CURT PAUL AT THE SECURITY STATE BANK. 1 DAY ONLY! MONDAY, MAY 3rd PANTY HOSE MODE-0-DAY DOWNTOWN ALGONA Remember, Mother's Day Is Sunday, May 9th. MAY WE SUGGEST... + Pangburn Candy + Ambassador Greeting Cards + Cosmetic Fragrances By...» Rtvolon • Max Factor • Yardlcy • Shuhen "S 1 /! . Mom A Cai "« r <». Watch, Manicure Set, Billfold, Vanity Tray, Hair Setter By Clairol." Rusk Drug & Jewelry Algona, Iowa IOWA

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