Greenbelt cooperator. (Greenbelt, Md.) 1937-1954, 1940-04-25
G. e. S. SALES FOR QUARTER
SURPASS 1899
By r. S. Sowell

The stockholders CT the Greenbelt Consumer Ser
vices, Inc, will hold quarterly membership
ing on Wednesday, kay l, at $500 Pm in the social
room at the Greenbelt Elementary School.
The meeting will feature the report of the board
Of directors to the membership the operation of
Greenbelt Consumer Services during its first quarter
cooperative. The membership will also have the
opportunity to decide several important questions,
including that of opening the Variety Store.
Store.
1t has been reported that sales for the first
quarter Of 1910 have somewhat ahead for
the first quarter Of 1899. Whether there has been
corresponding increase in net earnings indi-
Gated in the report at the Forthcoming meeting by
the treasurer, Frederick L. Wilde. net results
of operations during each quarter of 1899
follows:
First qasTssr. Z0Ea EOS NE3 s1 s5H5Aa
Second quarter...... 87,o83 2,lL6
Third quarter....... $3.50 1853
Fourth quarter....... 80, 222 1855
Total for 1899: $34o,l4 $3.50
In resolution to be presented to the membership
by Mrs. Care Harper, the board will recommend that
the membership authorize spending up to 50 800 to
open the Variety Store before September l,
1910. Latest estimates Indicate that it may be pos
sible to keep the expenditure for opening the
store down to g. $780, including q, 800 for fixtures
and 8, 900 for additional merchandise, but the
recommendation provides for additional expenditures
in the event of unforeseen circumstances or necessity
of further increase In inventory.
The board Will point out to the membership that a
decision to open the store will probably preclude
the payment Of patronage return In cash at the
Of the year, since cash payments of least 900
must be made during 1910 the Consumer Distribution
Corporation, and that the decision Of the membership
essentially Will be whether it wishes to invest its
potential cash patronage return for 1870 into the
expansion of its business.
IF the business is successful the Board
ttcipates, the total patronage return for 1910 Will
If anything be increased but the part of the return
which Will be made in cash will probably be decreased
if not eliminated with the part in credits toward
stock correspondingly increased).
Opening Of the store in 1870 is predicated
upon the assumption that Farm Secu1t Admin tra-
ton Will provide air-condi ii oning for the Drug
Store, Berber Shop and Beauty Parlor the cooper
alive will probably not be in position to finance
both the atrcondttion3ng end the opening of the
store tds year, according to the directors. The
board has indicated that it hopes to receive state
ment from FSA with regard to the air-cond ttoning
prior to the membership meeting.
Also considered at the meeting will be board
recommendation, to be presented by Howard Custer,
that the price Of hair cuts for adults be raised
from 35 cents tc 10 cents. The object of this in
would be to provide a greater return to the
barbers whose wages according to the board
somewhat in Of union requirements but
not sufft cient to compensate for the absence of
tips. The directors believe that the action would
operate to the benefit Of the members we'll by
reducing the turnover in BARRIERS.
Another matter for consideration of the members
will be the proposal to amend the bylaws that
the Town Of Greenbelt may member Of the
operative, and consequently share In the patronage
returns issued to members. At present the Of
Sl5.e7 is tentatively credited the Green
belt rebate 1899 purchases from G.C.s. g.
mounting to Il ,o58.o4.