The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1894-03-17

l.
for "a hours. .....-....... Il ~
Officers salaries 4
general manager at $4,000 In
per year. per day for six
months running. $40 %
clerk ner dav - 2 90 |,
Total officers salaries per
day. .........-...... !" %
Total of running expenses
OF mill "A hours % w
The data. as furnished US.
nut down the cost of seed on an
average at $40 on the bank or
a. the mill. While we think II
the estimate entirely too low,
we shall tor the moment base
our calculations on that esti-
mate, expecting to give our
reasons further on.
80 tons of seed at $40 for "a
hours run. Observation-Disclosures. Suo w
Da;lv exneuses OF mill 1868 OF
Mill men estimate the output OF ton
of seed IS follows:
90 pounds of lint at Acts ............-S ~
$50 pounds of meal at 0.009 -. 70
900 pounds of hulls Mt l5cts per 100. | %
40 gallons of oil at 40cts ............ 10 w
Total output of ton of seed Isis 80
| The output of the 80 tons OF seed,
the capacity of the mill per Gay, would
be therefore 1857 90; deduct from this
the crushing aud running expenses for
the 80 tons, i. e., 1855 OF, and you will
get net profit of $2O1 SO, or 1913 on
each ton of seed crushed in the "a
hours.
Suppose the mill would run 100
/ DAYS to crush the 5000 tons OF seed, 1t
would make net profit of $20.198.00,
A VERY FAIR INVESTMENT
on a capital of $4,000.
| We have put down the running and
crushing expenses as they have been
furnished us. aud have forgotten moth
ing but the insurance, which could moi
possibly amount to more than $500
per day, and would not materially re-.
duce the profits of the mill. The
urice of cotton seed is the only thing
we find very low; but we reason this
wise: The central mills estimate their
expenses per ton in getting their seed
!. TO the mill as follows:
Freight to central mill per ton .......Ss 81
l Agents commission .....s--......... l W
Sacks lost by central mill .....s..... W
DrummerS ....' = '..''
, Total of expenses per ton ........So 30
: We say that if the central mills can
+ afford to pay $3.50 to get the seed TO
Q their mills. we could well afford TO
i nav $1,000 for seed at the mill aud
o make money. since they fad 1t profita-
J, bic to pay sometimes S l6 90 and $500
e for seed on the bank of the river. and
r pay SIS. 80 more TO get ii 10 their mills
: Ifthey can make money at crushing
r seed that costs them delivered 1913 80
o WHY could we not make money paying
II $500 for seed at the mill
y From one of the stockholders OF tht
N Port Gibson mill, we learn that, las
Is year. the Port Gibson mill paid $1,000
y for seed in Port Gibson, and $4,000 a
the railroad stations away from Por
Gibson; and that, at the end OF tn
year, they declared dividend oil y
per cent; if that be the, case, are W
re not bound 10 make money, even
Y paying $500 per ton for seed at tn
:, mill? We know, besides, on goo
or authority, that most Of the local mill
CHI for the past years, have been maxim
:. a profit OF $500 per ton, say, about 8
~ per cent profit on their Investment
- We said last week that any cotto
ct seed company would be glad 10 C
m operate with local stock compan
= in the establishment of an oil mill,
On the local company subscribed accrtal
I'd amount of stock in so much seed to
delivered in the fall. II behoove
however, the local company to have
~ :, controlling Interest in. the institution
nh lso that they can manage everythir
as their own way. Besides, if unite
they can make fight against any 9
"a company or companies. II seed pric
~. become so high that there would
md no money for them to crush, let the
lip sell; and if seed prices are averai
prices, then they can crush their ov
seed, and in any OF these alternative
bev they make money, and the mon
ure stays at home.
Sl An oil mill in our town Won
throw new life in the town. Fir