Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-12-12
MILL LOSS
TO BE NEAR $4,000
Continued from page il.

funct Peoples Consumers Store com
pany or the Capitol Commercial COM
pAhy of Bismarck, North Dakots-
Ina Is, on goods reported SOLD, for
wnieh no payment accompanied ac-
count of sales.
"on the other class Of business with
the Consumers United Stores COM
Aany-that is. with respect to toodA
charged. and for which no accounting
mas been made and which covers thir-
teen s~tores-only four OF these thir-
Q stores have made any payments
during the past 1--WE and one-half
months. The other nine have report
ed nothing.
industrial Conmission-The five
aievator points have reported some
business and set some payments on
account.
Costly, Business.
This class Of business is obviously
a very costly one and it is quite appar-
ent that the Drake mill is going to
sustain a very substantial loss on this
business. Ats per cent interest, the
interest Q s alone of Carrying this
business WAS $123y g. month. We have
no report from the manager at Drake
~ to, his activities in attempting to
collect on any Of these storage. ac-
counts, but It is very apparent that
either he has neglected. to give this
part of the business proper attention,
ar h accounts are not Of much value.
As the result Q; u Investigation,
We fee! satisfied in Getting up a re-
serve ci $4,000 AS a possible loss in
tnls correction. This entry of course
a NOT been placed upon the Drake
books, s.td will not be, except upon
your UrdAr."
Operating Losses.
AS was Indicated in the table OF OPP
Grating losses, these are apparently
divided into two periods, one from
Jan. ] to April 81, and the other from
April 81 to Oct is. This was appar-
emily due to the TACT hat on April AZ
the mill was closed for q short time
for cleaning.
The first OF these periods was evi-
IDENTIFY discussed to some extent In an
earlier report Concerning these loss
Cd. especially those which have oc-
CURED since April II. the present re-
port makes the following comment:
Operating Account--Under exhibit
2. we have prepared an income and
profit and loss account for the period
April 9th to October 18th. 1921,
IVnlcH reflects q net loss for the per-
iod-$i1 .T23.09, exclusive of any
charges for interest on working Capt.
tai. 'Ti1is amount Of loss lis found on
Schedule I and is charged to tho gem
eral office account.
IA little study OF this exhibit shows
that during this approximate FIVE and
one-half months period there has
been manufactured 5,414 barrels Of
-four which compared to the previous
four months of the veal 1921 tat
which time there was made 4,209 bar
rels shows that the monthly output is
maintained at about 1000 barrels of
tfotlr per month. There is this excep-
ton, however, that for approximately
month~the mill was shut down for
repairs and cleaning up. T"
Cost of Flour.
ION Exhibit 3 is shown the amount
Of -four manufactured by months, and
nearly onc-half Of all Of this -four
was made during the month Of Sep
TEMPER n the first half Of October.
A will be observed or Exhibit 2,
the average cost per barrel manufac-
tured was s7.65. and considering the
cost of inventory at the beginning and
the inventory at the end, 1t shows that
the average cost of The -four sold was
$8.041
csrs~ L,,,~f 49, -1ar aa.s~-<-s -r No.. r