Cottonwood chronicle. [volume] (Cottonwood, Idaho) 1917-current, 1920-01-16
CREAMERY
MEETING
STOCK HOLDERS MEETING
HELD MONDAY AFTER
NOON AT X. {. HALL.

tonwood Creamery Co. held their
annual stock holders meeting al
the X. {. hall Monday afternoon
and reviewed the business OF the
company of the past year and to
elect new directors to fill the
vacancies of those whose term
expired on that day.
The past year has been 4 hard
one for dairymen as grass was
very short, pastures being dry
nearly all summer so that cream
receipts were lighter then would
have been the case had the seas
on been normal as to rainfall.
In spite OF this the cream re-
ceipts were greater by nearly
5000 pounds than during 1918
which shows the rapid increase
in milk or cream production in
this community. A total of
1886 pounds of butter were
churned during the year 1919
and about 5000 gallons of ice
cream made, the total sales of
the creamery for the past year
amounting to $40,000.00. The
volume of business is sufficient
to return a handsome profit to
the patrons and as stock holders
dividends are limited to 8 per
cent on the capital stock, the bal
ance to be prorated among the
patrons delivering cream it is
therefor to the interests of all
the patrons to help the creamery
along as much as possible. The
cream producers have been very
loyal to the creamery and fully
realize the Importance to them
of having market for their pro-
duct independent of the large
Creamery companies who in the
past have systematically put the
small creamery ont of business
NV price and test discrimination.
That the natrons have been
loyal is evident from the fact
that they have stuck to the
creamery in spite of the fact
that many times a little better
price was offered by outside con-
Germs due to the steady rise Of
market nriceS which are not so
readily discovered in the outly-
ing country as in the large cities.
Last year the company had on
hand a fund of undivided profits
amounting to $2.352.14 and in as
much as the stockholders had
never received a dividend the
hoard of directors decided to de-
clare an 8 ner cent dividend to he
paid out of the undivided profits
and to retain the balance of fund
for working capital. While the
onerations showed a profit for
1919 thev were not as great this
wear aS last year owinp to a
slump in butter prices during the
first months of the year and q
large quantity of butter that was
in storage was sold lust at the
time prices had reached the low
est level during the entire veal
which resulted in p heavy loss
that seemed unavoidable under
the circumstances as the market
cannot always be correctly fore
caSted.
The board of directors have
decided not to pay stock dlVl
dendt his year but to pay
bonus of 1c per pound butterta
to all patrons having delivered
cream and &c per pound to thos'
having stock in the creamery.
There remains in the treasur.
at this time fund of undivided
profits of approximately Sl25'
after all expenses for operation
and depreciation have been de
Quoted and the stockholders eX
press themselves as fairly we
satisfied with last years results
Sentiment was expressed favor
ing a more centralized contro
of the management and respor
sibility which heretofore ha
been too much divided thus II
sulting in bad accounts and
pensive operations which woul
he reduced by more than half
the management and respons
bility for the success of the bus
ness was centered on one man il
stead of being divided hetwee
the board of directors and thrs
officers as at present. Joh