Gateway to Northwestern Ontario Digital Collections

Terrace Bay News, 8 May 1969, p. 1

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' Vol. 12 No. 19 THE FOLLOWING NEWS STORY WAS RELEASED TODAY BY KIMBERLY-CLARK - NEENAH: Kimberly-Clark corporation's first three months of 1969 was the best single quarter in the companys history. President Guy Minard told shareholders at the Annual meeting today. Sales in the first quarter were 214,862,000, a 15 1/2 percent increase over the 185,972,000 in the first three months of Calendar 1968. Net income for the period was 13,996,000 or 1.37 a share. This is an 11] percent increase over earnings of 12,582,000 or 1.23 a share, for the first three months of last year Comparisons are based on restated figures for the year-ago quarter. Kimberly-Clark has changed its reporting period to a calendar year from an April 30 fiscal year. Minard also announced that a planned stock offer- ing has been recommended by the finance and exe- cutive committees of the Board of Directors to meet financing requirements for world wide capital expen- diture programs. The Board is expected to act on the recommendation later today. The plan calls for issuance to stockholders of rights to purchase one additional share of common stock for approximately each 10 shares held. The exact number of shares and the price would be de- termined just before the offering date and would de- pend upon stock market conditions at the time. Minard said the offering planned for mid-June would not be made until a registration statement has been filed with the securities and exchange commis- sion and has become effective. The Board of Directors of Kimberly-Clark corporation to- day approved a financing plan announced earlier in the day at continued page 5.... ON TERRACE BAY NEWS Serving the District TERRACE BAY HIGH SCHOOL VARIETY NIGHT SAFETY DEPENDS On Friday May 2, 1969 Terrace Bay High School held another very successful Variety Night. Gym- nastics made up a big part of the show but there was talent shown in many other fields as well. The show began promptly at 7.30 p.m. with the singing of "O Canada". In gymnastics the high bar, rings, parallel and uneven bars, pommel horse, box, tumb- ling , balance beam, free exercise and the trampoline were used well to display the talents of Glenn Kujbida, Danny Ferguson, George Dashkewytch, Donna Chapman, Joan Persson, Phylis Ann Turner, Paulette Duquette, Albert Cadieux, Stan Green- wood, Paul Dakin, Pat Papineau, Geraldine Bel- liveau, Sam Harris, Jackie Turner, Ralph Coe, Kris Olsen, Wendy McMillan, Judy Chopty, Cathy Graham, Cathy Melnyk, Kathy Zwaresh and Charlie Simmer . Lynn Simmer and Kris Olsen played guitars and sang'Stay Away' and 'The Cruel War'. Cathy Melnyk played "Yesterday" as well as accompanying Lorraine Belliveau on the piano as she sang "Somewhere 'My Love". Evangeline Pineault also sang"By the Time | Get to Phoenix". This year we had an extra attraction by the name of of "The Stone Museum" the band consisted of Rick Lohr, Don Melnyk, Kevin Mercier and Stan Megraw. Everyone greatly enjoyed "Back in the USSR" and "It Ain't Me Babe". Percy Ahern also sang a num- ger and he was backed by the band. : Joan Persson played "Love Is Blue" on the piano- directly following came the folk dancers - Lynn Simmer, Kris Olsen, Cathy Graham, Wendy McMillan, Heather Boyd, Susan Graham, Pat Kelty, and Dale cont'd page ME abe

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