The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1920-01-29
CREAMERY MEETINGS
The Princeton Cooperative Creamery
Holds Annual Convention and
A. F. Meyer Presides.
West Branch and Pease Creamerymen
Gatherafor Yearly Sessions
and Elect Officers.

On Tuesday the Princeton Co-opera-
tive creamery company, one of the
most successful concerns OF its kind
in the northwest, held it's annual meet
ing in the basement Of the armory.
Shortly after 1 o'clock President Aug
ust F. Meyer called the meeting to
order. In consequence of bad roads
the attendance was not large, but
those present we're representative
dairy farmers who pin their faith to
The cooperative dairying system.
Following the reading Of the min
utes Of the last annual meeting, the
report for the year 1919 was read
by Secretay Treasurer ROCKFORD, and
both were unanimously approved. The
financial statement showed that the
company was in a prosperous condi-
ton and that the volume of business
was much larger than that Of the
preceding year while the increase in
the cost of production was trif1ling.
Report for 1919.
Lbs Cream Test Butterfat
From cash patrons...... 82.165 PIP %. 39OO3
Monthly patrons. No. 1.776,657 27.5 214.22039
Manthly patrons, No. q. s4.s7e .2s.4 e.oe5.22
Total ...........s ss.2o1 27.5 =2s5.7o5e4
Lbs. milk rec'd........... $1,000 40 s.961.Os
Total butterfat . .. s249, $3.50. II
Pounds of butterfat sold in cream. 1,907.60
Pounds butterfat made into butter. PAT, II
Pounds of butter to patrons .......... 11,466
Pounds Of butter shipped ................ 264,777
Pounds of butter sold, local .......... 27,295
por !, Total It, butter butter made ses, E ss
Percent of overrun 1890. $685.. ...... ...... 22.5
Financial Statement.
Receipts.
Bal. on hand. not in sinking fund,
Jan. 1st, 1919 .......... ...... 49,. S277.71
Reed from sales of butter ITO 283.S "a
Reed from sales of salt ................. 1854
Reed from other sources s.0s0.01
Supplies on hand Jan. l. 1920 ......... 1,295.20
Total receipts 81 ,936.4O
Disbursements.
Paid patrons, including butter, etc.. $l63, 354.79
Runnlng expenses ..94l .0a
Paid for, salt 80
Paid to sinking fund account ........ ~ 81 90
Supplies on hand Jan. l, 1919 1880. 2,O74.27
Total disbursements ............ IS, es6. 40
Running Expenses.
Labor So, 66556
Power, steam and coal .......... ....... 5O8.24
Board of directors ACKNOWLEDGEMENTS. 145OO
Ice 3S4.75
Sundries 431.2O
Tubs, parchment, etc 2,8O629
Total -. s7,941.O4
Sinking Fund.
Bal on hand Jan. /, 1919 ......... 81, 442.54
Paid into sinking, fund 80. ..... 1,81l.OO
Total $780,. $4,253.54
Paid out for insurance S47.sO
Paid out for taxes ...... 197
Paid out for interest on shares ...... 500
Paid out for cancelrig shares .......... 10000
Paid out for repairs 49,. ..... 1920
Paid out for new machinery .......... 1,O7OO4
Paid out for picnic ........,. ....... 1898
Paid out for expense account :....... 1000
Bal. on hand Jan. l, 1920 .............. 2,4852O
Total s4.25s54
Averange net price received for but
ter ACKNOWLEDGEMENT. 56.1c
Average price on all butterfat ........ 65.41c
Average price paid cash PATRONS. $500
Average price paid for No. l B. F.. sc
Average price paid for No. B. F. 63.6c
Average cost of manufacture ............ 2.61c