PAGE 10
THE YANCEY JOURNAL
• . _ ' ■ \* «i
®S ort * lwestern F inancia l Corporation Reports Operating Results To Shareholders
Edwin Duncan, president
of Northwestern Financial Cor
poration, at the annual meet
ing of shareholders reported' 1 -
the operating result; of
Corparation far the first quar
ter of 1972 were satisfactory.
First Atlantic Corporation in
the first quarter of 1971 1 had
a nonrecurring profit through
the sale of mortgage loans of
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WE THANK YOU FOR SUPPORTING |
THE YANCEY JOURNAL
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To 682-2120 enc * em Yancey Journal
j_:_ ~, - ..... .-. ...... -| ; T ~k*_ ——— ■■ ■» —— ~ i » ■ ----- ■— ■■ - . , *r- . ' ;
FREE WANT ADS IN THE YANCEY JOURNAL
APRIL 20, 1972
approximately 10 cents per
share. Restating the 1971
profit of 61 cents per share
iZand allowing far the 50 per
stock dividend, the pro
fits including the nonrecurriig
profit of First Atlantic Corpor
ation wire $1,862,966 or 41 •
cents per share in 1971. com
pared with $1,760,830 or 39
cents per share in 1972. DiS7.
regarding the nonrecurring
profit, this would represent an
increase in operating profits
of about 13 per cent over the
same period of 1971. These
figures are unaudited and sub
ject to the usual year end ad
justments.
Deposits of Die Northwes
tern Bank, the major subsidi
ary of Northwestern Financial
Corporation, continued to in
crease very' materially from
$532, 000,000 on March 31,
1971, to $651,000,000 cn
March 31, 1972, or 22.37 96.
Loans were up $95,000, 000
or 25. 63 per cent, and the
Overall bond account increas
ed $23,000, 000 or 13. 50 %.
The Board of Directors and
officers of the Financial Cor
poration were re- elected, and
, M
IT'S THE BOTTOM OF THE NINTH.
YOU JUST GOTTA 6ETUSON r
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WHAMW MEAN RUNi? RUN*??
AIN’T NOBODY GONNA GIVE__ -
ME ORDERS ptItKENIT
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[SO JUST LEAVE ME ALONE---
IS -V UNDERSTAND ??
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Do You Have A Friend Or Relative Living
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The Yancey Record?
Call In Names Os Known Subscribers So We May
Albert N. Shew was elected
assistant vice president and
financial officer of the Cor
poration. Directors are Smith
Bagley, Chairman oftteßbard,
Convenient Systems, Inc.,
Winston-Salem; R.T. Chat
ham, Jr., President, Chatham
Mfg. Company, EJkin; J. R.
Copland, Jr., President, Cop
land Fabrics, Inc. , Burlingtoq
D. V. Deal, Chairman of the
Board, The
North Wilkesboro; Edwin Dun
can, President, North Wilke»-
boro; Edwin Duncan, Jr. ,Pre
• sident, The Northwestern Ehnk,
North Wilkesboro; John D.
Guigou, Real Estate Broker,
" Valdese; Leonard G. Hewing,
Senior President, Office
of the President, Lowe's Can-
WOW (I ITS/\ HOME )
RUN GQIJGQtt
JUST 'CAUSE you GOT LONG
TAIL FFATHFBS, YOU THINK THAT
YOU CAN TELI EVERBODY WHAT
TO DO--
WSS 7 rn?-
YPO'RE OUT ANYWAY--YOU
MIGHT AS WELL GO SIT
k DOWN---
%
panies, Inc., North Wilkes
baro; C. Fred Lovette, Exe -
cutdve Vice President a nl
Director, The Federal Com -
pany, Memphis, Resident,
Holly Farms Poultry
Inc., Wilkesboro; All B. Pak
soy, President, M G J Finan -
cial Corporation, Shelby; Dr.
H. Plemmons, President
Emeritus, Appalachain State
G-nO'S DOMiNtCKERs IKWIMO ® [I
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- Lll - PIT\T
RUN/' RUN// YOU TUST HIT
A HOMER---HURRY, ROW /
.IFirSONE
STAND, IT'S A DUMB r_ l s
DOMINEERING )
DOMINICK ER I-— y
1
I SEE l! THERE YOU GO
TELLING ME WHAT TO DO
l AQAIN/T
University, Boone; and Ikadr
ley E. Ragan, President Brad
Ragan, Inc., Spruce Pine.-
The officers are Edwin Dun
can, President; D. V. Deal;
Vice President; Edwin Dun*,
can Jr., Vice Presidents W.
H. Lee, Secretary; Cyrus
Watson Brame Jr., Assistant
Secretary; and Ben S. Whis *
nant, Treasurer.