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Show The National Enterprise , November 10, 1976 Page three Track Earnings Rise F-- B Howard Walkes has been elected by the board of directors of Joni Blair of California Inc. (OTC 1.25, 2.25) as president and chief operating officer of the company. He joined the company in 1973 to head up the purchasing and design departments and in March 1974 was named vice presidentmerchandise manager. LAKE CITY F-Truck Line Company (OTC 5.75, 6.50) has reported that net income for the nine months ended Sept. 30, 1976, SALT B including an extraordinary Joni Blair has also announced the appointment of Allen Rishe as corporate treasurer. He has been with the company in the position of controller since credit, but fully taxed, rose 182 percent to $549,074, equal to $1.05 cents per share, from $194,917, or 38 cents per share for the corresponding period of 1975. According to Merlin J. Norton, chairman and president, revenues for h the latest reportwere $11,254,391 ing period as compared with $9,269,786 for the first nine months of 1975, representing an increase of 21 percent. Net income for the third quarter was $132,783, or 25 cents per share, compared with net income of $137,012, or 26 cents per share last year, a decrease of four percent. Revenues for the latest reporting period were $3,676,448 versus $3,610,460 for the third July 1974. William Severn has joined Hamilton Digital Controls, Inc. (OTC 2.75, 3.75). He will assume responsibilities in computer cost analysis and production control. percent is in excess of the 92 percent we consider realistic. A portion of the increased ratio for the third quarter results from expenses assoc- iated with the opening of s Omaha terminal and the changeover during the quarter to a percentage system with independent contractors from the prior combination of fixed rate and percentage system. However, with the increase in revenues we anti- F-B- cipate over the next 12 months, F-operating ratio will begin decreasing to the Bs targeted 92 percent," Norton concluded, F-- B Truck has declared a cash dividend of eight cents per share for the third quarter, The current dividend is un-ochanged from the previous quarter and will be paid Nov. 20, 1976 to shareholders of record at the close of business ur Nov. 10, 1976. nine-mont- Hamilton Digital Controls has also named James . Park as manager of its recently opened Tokyo office. JUST PUBLISHED 'INVESTING IN THE GREAT NORTHWEST. NOW : . . FOR THE FIRST TIME. A DEFINITIVE BOOK THAT ANALYZES EXCITING INVESTMENT OPPORTUNITIES IN THE DYNAMIC, RESOURCE-RICSEVEN STATE REGION OF THE PACIFIC NORTHWEST (INCLUDING ALASKA). H ABOUT THE AUTHORS. quarter of 1975. Norton explained that the reason for the modest increase in third quarter revenues, as previously forecasted, was the loss of approximately $200,000 per month in revenues from INVESTING IN THE GREAT NORTHWEST Is a naw approach to Investment guidance, bringing together In 320 entertaining and readable pages Information Indispensible to any businessman Interested In this region. Discusses over 200 public companies With over 2 billion shares of stock Over $30 billion annual sales Paylng over $1 billion annual dividends and Interest wanaa mnsa Mnnyoi auto. The OMOONMN. Tha autoora aaa Many raaaana toi tha Nofttwaal AaiN ha a aouni and graalng neon tor twaatnaiil lunda Ihara'a na OanOawgNln.il all. ana Analyda Cantor al Rarttond Mato U. $9.95 Hard Cover ORDER TODAY $6.95 Soft Cover AVAILABLE AT MOST BOOK the companys operating STORES OR ORDER FROM: WUImiwM MdntgdfTwnt 220 S. W. Aider Stmt Portland, OR 07204 AmocMmI Inc. OT H INVESTING IN I a man bar o yaara Ha to a mamhar win wmir Nsnf si ssswif AnaUrtoaandhaahadWgaaraaapart In lha hwaaintonl toialnaai. hard cover 99.95 plus 50 mailing each. In eoft cover 9SJ5 plus 50( mailing each. Name Address . I I 1975, the Zip. City W law Wdi Oranti Coatoantoa. nine-mont- I corresponding periods of copies In tawani aaeurljf anaVal and Snanctol d waa Ohaator el Waaaarn ratios for both the third quarh ter and reporting lower than the were periods THE GREAT NORTHWEST:" . UWHENCIR.NOMtoai operating authority, which was sold effective June 1, 1976. Furthermore," he said, there is no contribution from the recent acquisition of Machinery Transports, Inc. acquired in September of 1976." Norton noted that while "AiiioNMnitoiMllofcAlraltowltiHgrttotNtitotoOitoN naaanleaM aunt an saraaiMs erii imHou Hi hold doctoral, to fr mm. Irani todtong IMrarafty, to a Pacific F-- Bs I NOT SATISFIED, RETURN BOOK WITHM 30 (MVS FOR A REFUND. third quarter ratio increased substantially from that of the second quarter. While we view the 89 percent operating ratio of the second quarter as abnormally low, the third quarters 94.7 FB Subsidiary Expanding to Idaho Transport Maintenance & Leasing, Inc., a wholly owned Truck Lines (OTC 5.75, 6.50) has subsidiary of F-announced the opening of its seventh branch leasing facility in Pocatello, Idaho. We will be operating about a quarter million dollars worth of equipment from the new facility," said Roger Collins, vice president and general manager, explaining the office would open with about 50 truck trailers in stocks We expect to double our fleet within a year," Collins added. Collins said the prime customer of Transports Pocatello office will be Bucyrus Erie, manufacturer of large industrial equipment, which has been expanding its Pocatello operations. Bucyrus Erie is turning Pocatello into a boom town," Collins said. Eugene Stover of Portland, Oregon will manage Transports new facility. A Utah sales force will visit the area weekly, Collins said. Transports projected annual sales this year are $1.2 million. It was established in Salt Lake City in 1973. It has branch offices throughout the western United States. B Overseas NatI Air Reports Losses for Nine Months, 3rd Quarter NEW YORK CITY Overseas National Airways, (OTC 4.25, 4.75) reported operating revenues of $68,993,000 for i I i I I I I I i I I you Covered I I With over 1600 stock quotations, news articles, earnings reports, corporate profiles, market columns and feature stories, the National Enterprise covers the OTC securities market ' from coast to coast. behind closed doors of We make it our business to know what's going on in the industry-fro- m on the corporate board rooms to changing securities laws and regulations. We'll keep you posted latest developments and abreast of current trends. The National Enterprise gives your investments the kind of coverage they deserve. Please sand mi a ona-ya- ar subscription to tha National Enterprise. Enclosed is $24.00'. NAME. ADDRESS. I CITY. STATE. ZIP- - Mail to: THE NATIONAL ENTERPRISE P.O. BOX 11778 SALT LAKE CITY, UTAH 84147 i I I I I I I I I I I the nine months ended Sept. 30, 1976, and a net loss of This compares $5,992,000. with 1975 nine month operating revenues of $70,767,000 and net income of $4,257,000. Included in the 1976 results is a net insurance gain and a net gain on disposition of equipment of approximately $4,551,000. Included in the 1975 results is a net gain on disposition of equipment of $1,685,000. For the third quarter of 1976, ONA reported revenues of $29,761,000 and a net loss of $2,420,000 compared with net income of $3,433,000 from revenues of $31,836,000 in the third quarter of 1975. Included in the 1976 third quarter results is a $2,428,000 net loss resulting from a settlement agreement with The Coca-Col- a Bottling Company of New York, Inc. in connection with the sale of the company's riverboat subsidiaries to Coke-Nin April of this year. Also, included is a net gain of $534,000 resulting from the disposition of equipment. The 1975 results included a net gain of $648,000 resulting from the disposition of equipment. Y |