The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-02-12
BUSINESS HANDLED
AND EARNINGS HIGH
DESPITE CONDITIONS
Growth Shown Despite Fact
Cars Arriving at st. Paul
Market Decreased
NET EARNINGS S121,465.O9
Facts Are Brought Out in An
nuaI Report of Norris K.
Carnes, Manager
NET EARNINGS $121,465.09


the severe conditions existing in 1880,
which caused a falling off in receipts
at the South st. Paul market, the
Central Cooperative association
again set a new record in cars
handled, in the percentage of business
handled, and in net earnings.
These facts were brought out in the
annual report of Norris x. Carnes,
general manager, at the annual meet
ing of the association Wednesday.
Total cars received at the South st.
Paul market decreased SGT cars. but
Central handled 58l more cars. This
includes the truck figures reduced to
4 car basis. Central handled 1928
ger cent OF the total rail business, an
increase Of over two per cent. Net
earnings we're S121 ,465.O 9 in COMPARE
son with SILT ,232.09 in 1929 and $22,-
p03. SO in 1921.
Hauling by truck to the South st.
Paul market is steadily increasing.
Central'S truck business was increas-
Cd from 1883 cars in 1929 to ALL
cars in 1880 an increase of 43 per cent.
Central in 1880 handled a total of 2l.5
yer cent Of the total truck business in
comparison with 21.3 per cent in
1929.
The membership, Mr.. Carnes re-
ported, also increased in 1890. There
are now TAO livestock shipping asso-
Citations in Minnesota. Wisconsin,
North and South Dakota and Mon
tana, which are stockholders, holding
common stock and 4,1l6 preferred
stockholders. The value of the stock
is $29, 34l 90 and on this small amount
Ct stock outstanding Central last year
tiid a business of $50, O32, l76.8 b. Mr..
CarneS urged the benefit to farmers
which would come in greater concen-
tration of shipments to Central.
Big Volume Helps
1T is interesting to note that the
cost of handling your business de-
creased al the volume increased" he
sad. January, 1880, was the month
of largest receipts with 1882 cars and
the cost If handling a car was $3.50.
July, 1880 was the month Of lightest
receipts with 1,127 cars and the cost
of handling was $19, 404. This shows
that when the business is doubled the
cost of handling is reduced SO per
cent. Every additional load of live
stock which you can direct to your
own organization means a lower eX-
pense, additional earnings and a
greater return to the livestock pro-
ducers. You can better the service
rendered and increase your dividends
by keeping your organization employ
cd to about capacity. I am afraid
that some of patrons do not ap-
preciate the advantage to be derived
through the control OF volume. The
days we have so per cent or better of
the total business of the South st.
Paul market are the days we a real
" do a real job Of selling for you. On
those days We have bargaining pow
er.
Central paid in 1880 an eight per
cent dividend on stock and a 80 per
cent patronage dividend, a total of
S1O7, 781. OF. Net earnings for the
1.ine years Central has been in bust
ness total Sl,031 ,032.35.
There seems to exist quite a diff
ference of opinion as to what should
and can pe done to place agriculture
on a basis with other business enter.
priSes. It is my opinion that the
greatest help will come through CO.
operative organizations owned and
controlled by the farmers. These or
CARNATIONS can live and render a
service if they are ~patronized. I sin
cerely hope that all of you will go
ZONE resolved to assist in every way
possible to build up the volume of
YOUR organization. Service and earn
ings will increase with volume"
w. S. Moscrip, president of the
Twin City Milk Producers association,
made an eloquent plea to the live
stock men to protest the great dam
age that is being done to the dairy in
dustry by the ruling of the Internal
Revenue Bureau Of the treasury de-
partment that oleomargarine colored
with more than 10 per cent vegetable
oil shall not be taxed. The law pro-
videS a 10-cent tax on colored oleo,
but this ruling makes the law inef-
fective. Interests of the livestock
men and dairy men are mutual, he
said. as low prices of butter reduces
purchasing power of the farmer,
which hits the manufacturers Of pro-
ducts the farmers buy and the fac
tory hands who eat the meat pro-
ducts. Besides the vegetable oil be-
ing sent into this country duty free
is being used to replace the cleo oils
from animals. This means the only
market for these cleo oils will be for
tallow.
Wisconsin Man Speaks
DR.. B. II. Hubbard, chief of the De-
partment of Agricultural Economics.
University Of Wisconsin, spoke on
the world conditions of agriculture.
He said that the present situation was
critical; that there was a world over
supply Of food and that farmers were