MEMO

DOE RUN MINE RECOGNIZED

The Doe Run Co.'s Buick Mine and Mill of Viburnum, Mo., has been honored for its 1994 safety record in the Underground Metal Group in the annual Sentinels of Safety awards program.

The safety program is sponsored by the U.S. Department of Labor's Mine Safety and Health Administration (MSHA) and the National Mining Association (NMA).

Doe Run received one of eight first-place awards nationwide.

Mining companies in various operational categories were recognized for achieving the greatest number of employee work hours in 1994 without an injury that resulted in lost workdays. A company had to compile at least 20,000 employee work hours during the year without a lost-time injury or fatality.

The Buick Mill and Mine has recorded 129,042 consecutive work hours without a lost-time injury. The Doe Run Co.'s Casteel Mine, also in Viburnum, received recognition for recording 79,185 employee-hours without injury.

The sentinel awards are the oldest established awards for occupational safety. The first Sentinels for Safety award was announced in 1925 by former President Herbert Hoover and has been continued annually since.

DANA POSTS RECORD SALES

Dana Corp. posted its seventh consecutive quarter of record sales and earnings during the quarter ending June 30.

Sales for the quarter were a record $1.9 billion, reflecting an 11 percent increase in domestic sales and 26 percent increase in international sales.

Net income for the quarter was $89.1 million, up 31 percent. Earnings per share were 88 cents.

The local Dana facility is the Spicer Axle Division in Cape Girardeau.

Dana is a leading global supplier of original equipment components to vehicular, industrial and mobile off-highway markets and their related aftermarkets. The company had 1994 sales of $6.6 billion.

ROOSEVELT REPORTS INCOME

Roosevelt Financial Group Inc., holding company for Roosevelt Bank, reported net income of $21.1 million, 49 cents per share, for the three months ended June 30. Net income was up 7.7 percent from the $19.6 million earnings reported for the same quarter last year.

During the period last year, Roosevelt doubled in size as it completed acquisitions of both Home Federal Bancorp of Missouri and Farm & Home Financial Corp.

Douglas T. Breeden has been elected as chairman of the board of Roosevelt Financial Group Inc. and Roosevelt Bank. Breeden, owner of 204,000 shares of Roosevelt stock, also serves as president and chairman of Smith Breeden Association, a money management firm.

Roosevelt, headquartered at Chesterfield, has a branch in Cape Girardeau.

With $9 billion in total assets, Roosevelt bank is Missouri's third-largest financial institution, with 78 full-service offices in Missouri, western Illinois and eastern Kansas.

PUROLATOR WORKERS CAN APPLY

DEXTER -- Workers at the Purolator plant in Dexter are eligible to apply for retraining funds.

The Purolator plant, which employs more than 400 workers, will cease all automotive filter production at the Dexter facility Sept. 29.

Missouri Rep. Bill Emerson, R-Cape Girardeau, announced last week federal funds are available to help retrain workers.

Emerson said the Office of Trade Adjustment Assistance determined the Dexter plant was negatively impacted by automotive filter production sites in Mexico and Canada.

"I am pleased that this retraining assistance has come through to help the work force transition itself into other employment opportunities," Emerson said.

VENTURE STORES REORGANIZE

Venture Stores Inc. plans to cut 950 jobs, close three stores and reduce the number of planned new stores when it reorganizes beginning this Christmas season, company officials said Tuesday.

The St. Louis-based discount store company will also eliminate the common stock dividend, Venture chief executive and president Robert N. Wildrick said.

The store at West Park Mall in Cape Girardeau will remain open.

Many of the jobs have already been cut through a hiring freeze and early retirement, but 263 employees were dismissed Tuesday.

The company will close two Chicago-area stores and an Oklahoma store.

FIRMS AGREE TO PAY FINE

Ensign-Bickford Co. and Trojan Corp. have agreed to pay a fine of $40,000 for hazardous wastes violation at their explosives plant near Wolf Lake, Ill.

The companies were cited by the U.S. Environmental Protection Agency in July 1993 for failure to mention on their hazardous-waste permit application that they intend to store hazardous wastes in containers at the plant.

Also included in the agreement by the two companies and EPA is a $100,000 supplemental environmental project to reduce emissions of nitrogen oxide and tri-nitro-toluene fumes generated at the plant.

BOATMEN'S REPORT INCOME

Boatmen's Bancshares Inc. reported a 6 percent increase in second-quarter, 1995, net income.

Net income earnings for the quarter were $108.7 million, or 84 cents per common share, compared with $103 million and 80 cents per common share during the same quarter in 1994.

Return on assets for the quarter was 1.33 percent and return on equity was 15.85 percent, compared with 1.31 percent and 16.45 percent respectively for the same quarter a year ago.

Net income also rose 6 percent for the first six-month period of 1995, at $214.5 million, or $1.67 per share, from $194.5 million, or $1.51 per share.

Boatmen's Bancshares, with assets of $33.4 billion, is one of the 30 largest U.S. bank holding companies, operating at more than 500 sites in nine states, including banks Cape Girardeau and Jackson.

CAPITAL BANKS REPORT INCOME

Capital Bancorporation's net income for the three months ended June 30 was $2.43 million, up 32 percent from the same quarter in 1994. Earnings per common and common equivalent share for the three months were 65 cents, compared to 49 cents over second-quarter results of 1994. Total assets exceeded $1.1 billion.

Capital Bancorporation's net income for the six months ended June 30, was $4.937 million, up 37 percent from the first six months of 1994. Earnings per share for the six months was $1.33, compared to 95 cents a year ago.

Non-performing loans June 30 were $8.507 million.

On July 17, the board of directors declared a regular quarterly cash dividend of 19 cents per share on common stock, payable Aug. 3 to shareholders of record July 27, and declared the quarterly cash dividend with respect to the preferred stock (depositary shares) payable Sept. 1 to holders of record Aug. 25. Effective June 1, the dividend rate on the preferred stock increased from 9.75 to 10 percent.

On June 30, Capital completed the acquisition of Home Federal Savings and Loan, headquartered in Jonesboro, Ark. Capital Bancorporation and Union Planters Corporation, Memphis, Tenn., have entered into a definitive agreement to which UPC would acquire all of the outstanding stock of Capital.

Capital Bancorporation is a multibank holding company headquartered in Cape Girardeau. The company operates 35 facilities through seven affiliate banks in Missouri and northeastern Arkansas.

COMMERCE REPORTS INCOME

Commerce Bancshares Inc. reported record earnings of $51.8 million for the six months ended June 30.

Six-months earnings were up 11 percent compared to $46.6 million for the same period a year ago. Per-share earnings for the six months were $1.45, compared to $1.38 during the same period in 1994.

Second-quarter income was $26.8 million, up 9 percent from the $24.6 million of the same period in 1994. Per-share earnings for the quarter were 73 cents compared to 72 cents in 1994.

Total assets June 30 were $9.2 billion compared to $7.8 billion a year ago. Total loans were $5.4 billion, compared to $4.2 billion in 1994, and deposits totaled $7.7 billion, up from the 6.8 billion of year ago.

Commerce Bancshares operates 220 facilities in Illinois, Kansas and Missouri, including Cape Girardeau.

MERCANTILE REPORTS INCOME

Mercantile Bancorporation Inc. has announced increases in second-quarter and first six months earnings for 1995.

Net income the second quarter was reported at $52.359 million, up 12.7 percent from the $46.454 million earned during the same quarter last year. Per-share income during the second quarter rose 11.2 percent, to 99 cents, from 89 cents in 19094.

Net income for the first six months was $102.062 million up 10.9 percent from the $92.049 million of 1994. Per-share income for the first half of the year was $1.92, an increase of 9.1 percent from $1.76 in 1994.

Mercantile's return on assets for the first half of 1995 rose to 1.35 percent, up from 1.28 percent last year.

Total assets June 30 were $15.3 billion, and deposits in the corporation's bank totaled 11.3 billion.

Mercantile Bancorporation Inc., headquartered in St. Louis, owns 52 financial institutions in Missouri -- including Cape Girardeau -- Eastern Kansas, Southern Illinois, Northern Iowa and Arkansas.

FASTENAL CO. SALES ARE UP

Fastenal Co. sales were up 40 percent during the second quarter of 1995.

Fastenal, a national distributor of threaded metal products and related construction supplies, reported quarter sales of $55.475 million up from the $39.4 million sales during the same period in 1994. Net earnings grew from $4.6 million in 1994 to $6.7 million during the second quarter of 1995, an increased of 47 percent. Earnings per share increased from 12 cents to 18 cents.

Fastenal opened 24 new stores during the quarter and now has 344 stores, 22 FastTool outlets and four combinations stores.

The local Fastenal operation is at 2228 Bloomfield Road.