The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1921-01-19


is necessary because when the money
is received and prorated" for each
shipment that particular transaction
is closed. The manager is also paid
at the same time.
Stock buyers of former days gen.
orally made a wide margin of profit |
when purchasing stock from indivi-
dual farmers to make up a carload. |
Frequently, the stock was purchas-
ed for as little as possible with no
relation to it's market price. This
condition was caused by lack Of
knowledge of the markets by the
farmers. These conditions undoubted-
ly have had considerable influence in
making for the success Of stock ship
ping associations.
Live stock shipping associations
should be formed under a non-profit,
non-stock law in states where such
law EXISTS. However, they may be
successfully operated when incorpor-
ated under the stock plan of organi-.
cation.
Cooperative shipments have in
creased during the last few years at
every leading market in the United
States. 1t is stated that 70 per cent
of the stock received at South st. Paul
is shipped comparatively. Some pri-
vate commission firms make a speci-
atty of handling cooperative ship
ments.
The average expense of marketing
among lis Minnesota live stock ship
ping associations was $.33 per 100
pounds including freight, salary of
manager and a small sinking fund.
Under the method of marketing stock
through local buyers, this expense
ran from $40 to SIS per 100 pounds.
1t was estimated that for this parti-
cular year a net saving Of $4,000
was effected to the Minnesota far
mers.
A large part Of this stock is hand
led at the terminal markets through
private commission firms. Coopera-
tive terminal concerns at the present
time are doing a very large volume
of business at many markets. Owing
to strenuous opposition of private
commission firms, no cooperative ter
minal concern has been allowed to
purchase a seat on the various live
stock exchanges.
Following are some of the more
important questions that come up in
regard to livestock shipping associa-
tons:
l. What is livestock shipping as
ISOLATION?
Answer. An organized group of
, farmers who ship their livestock to-
gether in car lots.
2. Are livestock shipping associa-
, tions successful?
. Answer. Yes. There are over 4,
: 600 in the United States at present.
! It is estimated that one-third of the
livestock received at the western ter
r minal markets are shipped coopera-
= lively. The Custer County Shipping
association, Miles City, estimates that
{ they saved the farmers in 1919 3d.
500 and in 1920 $4,700.
\ 3. How is such an association fin
r ancerd2
: Answer. Either by the payment
t of small membership fee ranging
: from $1.O0 to $500 OF by the for.
n nation of a stock company. The as
+ ISOLATION acts only as a selling agent
+ and, therefore, it requires little o.
I. no capital.
e A. What determines the price tn
farmers gets for his livestock?
l. Answer. The market condition
n at the terminal market. Each far
II mer's stock it marked with his in
$. dividual mark and sells on it's me1
o. its. After it reaches the big marke
m the farmer gets this price less til
err actual cost of getting it to the maj
f. ket.
&c 5. Who looks after the details {
r. receiving and consigning the stoc
is Answer. A manager selected
20. the board of directors of the associ
H. ton.
he 6. What commission is usually pa
ilv the manager?
id Answer. This varies upon Il
volume OF business ard class Of Sto
ect handled. An eastern Montana liv
err stock shipping association pays the
3D. manager SIPS for cattle, 10 cen
he for sheep and 2 per cent of net I
M ceipts on hogs.
of z. How is it possible to separa
be each farmers stock at the yards I?
on Answer. By marking each a.
full NAL with a separate mark for ca
igh man. In the case of hogs and cat
ed marks can be made with clippers
has shears and in the case of sheep pa
of is generally used.
eed 8. How can we organize a lily
crit stock shipping association?
NO. Answer. Consult your coul
L. agent or Mantanf EYfaT sion sa1.xri