MEMO

An emu seminar will be held Saturday at Jackson.

Emus have become one of the fastest growing alternatives to livestock farming, say Carl and Mark Whitaker, who will address the 1 p.m. seminar, to be held at the Extension Office in Jackson.

Among products from the ostrich-like birds are food, a leather-like skin used in apparel, an oil substance used in cosmetics and feathers used in feather-dusting.

Dana Corp., which includes the Spicer Axle Division facility at Cape Girardeau, reported consolidated sales of $1.6 billion for the third quarter, up 25 percent from third quarter sales of 1993.

Earnings for the quarter were reported at $52.9 million, up 59 percent. Earnings per share for the third quarter were 54 cents, up from the 36 cents.

Dana's board of directors approved a quarterly dividend of 31 cents per share on Oct. 17, payable Dec. 15, to shareholders of record Dec. 1. This marked the 228th consecutive dividend without a reduction in payment.

Dana is a worldwide supplier of original equipment components for the vehicular, industrial and mobile off-highway markets and their related aftermarkets. Dana operates facilities in 17 countries and employs more than 36,000 people.

Commerce Bancshares Inc. has signed a definitive agreement with Peoples Mid-Illinois Corp. at Bloomington, Ill., for the affiliation of Peoples Mid-Illinois with Commerce.

The merger, which will be a stock transaction, is expected to be completed during the first quarter of 1995, following regulatory and shareholder approval.

"We're pleased with the affiliation," Commerce CEO David Kemper said.

"The bank in Central Illinois expands our presence and further strengthens our position as a super community bank in the Midwest."

Peoples Bank has more than $450 million in assets and six banking sites in Bloomington, Normal and Lexington, Ill.

Commerce Bancshares Inc., has more than $7.9 billion in assets and more than 170 banking sites in Kansas, Illinois and Missouri, including Cape Girardeau.

D&K Wholesale Drug Inc., headquartered at St. Louis, has completed the acquisition of Northern Drug Co. of Duluth, Minn.

D&K, a full-service regional wholesale drug distribution company with facilities at Cairo, Ill., Lexington, Ky., and Duluth, purchased 100 percent of the outstanding stock of Northern Drug for a combination of cash, D&K common stock and quotes.

Northern Drug, founded in 1894, services about 200 customers in Minnesota, Wisconsin and Michigan.

Northern will operate as a division of D&K.

Steven B. Goldfine, president of Northern Drug, will remain in that position and will join the D&K board of directors.

"We are excited about expanding our reach into the Upper Midwest," said J. Hord Armstrong III, D&K chairman and chief executive officer.

OAK BROOK, Ill. -- McDonald's Corp.'s streak of record income and revenues held in the third quarter.

The fast-food giant has announced that earnings rose 13 percent due to strong sales nationally and abroad.

Net income for the three months that ended Sept. 30 rose to $349.8 million, or 48 cents a share, from $310.9 million, or 42 cents a share, for the comparable period a year ago.

Revenues rose 14 percent to $2.23 billion from $1.94 billion a year ago. Earnings rose 12 percent to $915.5 million, or $1.25 a share, from $818 million, or $1.10 a share, a year earlier.

Revenues rose 10 percent to $6.05 billion from $5.48 billion. Systemwide sales, which include company franchises, rose 11 percent to $6.94 billion from $6.25 billion.

Roosevelt Financial Group Inc. of St. Louis, reported record net interest income, net income and earnings per share for the third quarter, ending Sept. 30.

The company reported net income of $22.4 million, or 54 cents a share for the third quarter, up 291 percent over the same period last year, when income was reported at $5.7 million, or 14 cents a share.

The year-ago results reflect the pooling-of-interests acquisition of Farm & Home Financial Corp., which was completed on June 30.

With $8.5 billion in total assets, Roosevelt Bank is Missouri's third largest financial institution with 181 offices throughout Kansas, Illinois and Missouri, including Cape Girardeau.

Boatmen's Bancshares Inc. reported a 10 percent increase in third quarter net income.

Net income earnings for the quarter were $89.7 million, or 86 cents per common share, compared with $81.3 million and 78 cents per common share during the same quarter in 1993.

Net income rose 10 percent for the nine-month period ending Sept. 30. It went to $263.3 million, or $2.52 per share, from $240.3 million, or $2.32 per share.

Boatmen's Bancshares, with assets of $28.3 billion, is one of the 30 largest U.S. bank holding companies. It operates more than 400 facilities in nine states, and has banks in Cape Girardeau and Jackson.

Commerce Bancshares Inc. reported record earnings of $71.8 million for the nine months ended Sept. 30. Nine-months earnings were up 12.5 percent compared to $63.8 million for the same period last year.

Per-share earnings for the nine months were $2.24, compared to $2.02 in 1993.

Third-quarter income was $25.2 million, up 17.4 percent from the $21.5 million in 1993. Per-share earnings for the quarter were 79 cents compared to 67 cents in 1993.

Total assets Sept. 30 were $7.9 billion, compared to $7.7 billion a year ago.

Commerce Bancshares operates 170 facilities in Illinois, Kansas and Missouri, including Cape Girardeau.