The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-02-03

business.
Fifth: 10 better coordination
between the heads Of the several
departments in the mill and ele-
water organization.
During the year the mill manu
featured 5ll ,484 barrels Of flour and
sold 4o6.l64 barrels. The sales in
North Dakota were 140,4 ABA barrels, in
South Dakota and Iowa 8.757 barrels
in Minnesota 64973 barrels. in Wis
consin 2,23O barrels. in Chicago 46,360
barrels and in territory cast of CHI
cago, 233,300 barrels. Heretofore the
mill has suffered rather heavy losses
In its eastern business. but better
prices obtained during the past year.
has produced better returns on our
business IN that territory. There Is
room for further Improvement in this
branch Of the business, as well as
prospects for still better results.
Maintain High Quality
1.-The wheat buying department
operated very carefully and efficiently
throughout the year. Its purchasers
were at all times made IN line with
market prices and sometimes slightly
under the market. High grade mill
ing wheat was obtained throughout
the year, which made It possible for
the mill to maintain its high quality
| flour without difficulty.
ION December 81, the mill owned
| 938.O32 bushels Of wheat. all OF which
! Is I'm storage in the elevator. This Is
| SOL 900 bushels in excess of the guam
! ttty required to fill undelivered flour
| contracts. It is q larger surplus than
usual.. The 1919 wheat crop was the
best In many years for milling pur-
poses. In July and August, premiums
ON high protein wheat went to q very
| low point in all the markets Of the
| country, due to the high protein con-
tent Of the new crop, and especially
| the southwestern crop. This made 1t
possible for the state mill to buy good
quality wheat at low protein values,
and It was deemed ~eXpedient to pur-
\ chase 100000 bushels more than re-
| duired for the current year. During
the late fall premium values on This
| wheat went up considerably. thus
| justifying the judgment Of the man
agement in making such additional
l purchases. and leaving tlae mill well
stocked with good wheat for 1880
milling purposes purchased at advan-
tageous prices.
:The elevator department serves
! two purposes: Ono, to provide stor-
are facilities for the mill; and the
other, to provide warehouse accom-
modations for individuals and eleva-
tor conupanies who desire to use ter
/ minal storage at Grand Forks. : At
the end Of the year there was 5e5;0ez
hushels Of wheat belonging to such
neivate owners In storage in the ele-
| vatu. against which federal ware
| house receipts have been issued.
Raised Storage Rates
THE regular storage rates in prevt-
ous wears have. been four cents per
buG1,el per year. During the ssiranseF
/ of 1o2e, however. when the new crop
came ia with q rush. the terminal
| warehouses 1t Duluth and Mime
apolis became coneested and terminal
storage rates went higher than ever
before. This enabled us to increase
our storage rates from four to seven
( cents per buShel and to contract all
! remaining storage space at that IN.
ure.s Under these rates the gross In
come Of the elevator was Increased
for the year about $lO,000 over that
OF previous years. and brought the
earnings Of that department to near
". 100000. which, after deductalag
cperating expenses. together with
bond interest and depreciation. aeaSe1
. net loss for the elevator depart
ment Of only el.lO5.17 for the year.
The wheat purchases for the yeef
amounted to 2,oo3,9o7 bushels. which
alightay more than the average Ion
1.-THE past live years. OF this quantity.
e per cent was purchased from N09fM
Dahofa pofnts and - per cent from
Hautana. This Is BY Tar the largest
frropugtton Of wheat cver p~nrctaeed
frnm within the state. winch Is oue
kuartay 70 the fact that tie N0th d.
kota wteat crop Of is2o was q nm
uGaally good milling quality. md
uartly to the policy Of the manage
meut 70 confine the wheat purchaser
largely to North Dakota produced
wheat. Most Of the Montana wheat
bought. was taken frn9n elevator coen-
nasi3es md the North Dakota Wheat
Growers association using the ybor-
,ee faclatties cf the elevator. + Z
TIRE po1iey o6 the management =
marchaae 4dheat from those concerns
which utilize the stnrage facilities d
fthe elevator. even though . part q
IT, WHEAT % pnrc1nased hAs ben
as1pped Ia fron Nontana. ulneneyel