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BETTER FRUIT 



Page 31 



"WE STARTED RIGHT 

 AND WURE RIGHf 



6458 Acres 



IN OUR ENTERPRISE 



4178 Acres 



ALL IN APPLES 



Nine miles continuous rows of trees, 

 the larg-est apple orchard ever planted. 



All are one, two and three years 

 old; the two and three year old all 

 sold, amounting to over 3,000 acres. 



We are now offering our one year 

 at terms to suit you. 



We give five years', from date of 

 planting, free care. Our company is 

 unlike others in the feature of stay- 

 ing with our purchasers after the free 

 care period. Our plans make our in- 

 terests mutual; we all work together 

 for the interest of all. 



Our Booklet will give you a simple 

 statement of our dealings and meth- 

 ods. Write us for information. 



DUFUR ORCHARD COMPANY 



Northwestern Bank Building 

 Portland, Oregon 



The 



First 



National 



Bank 



Hood River, Oregon 



Capital and Surplus 

 $135,000 



4% Interest Paid on Savings 

 and Term Deposits 



F. S. STANLEY, President 

 E. 0. BLANCHAR, Cashier 



Annual Report of the Puyallup and Sumner 

 Fruit Growers' Association 



The Puyallup and Sumner Fruit Growers' Association was incorporated under 

 the laws of the State of Washington March 22, 1902, with a capital stock of $2,000. 

 It is conducted entirely along co-operative lines, with a member,ship of more than 

 1,600 hundred growers, and has canneries with a floor space of more than 125,000 

 square feet at both Puyallup and Sumner, in the Puyallup Valley, Washington, 

 between Seattle and Tacoma, on the main lines of the Northern Pacific, Great 

 Northern, Chicago, Milwaukee & St. Paul and Oregon-Washington railways. 

 Financial condition at close of business December 31, 1914, was as follows: 



Capital stock $ 2,503.00 



Surplus December 31, 1913 $ 79,004.57 



Net earnings during 1914 25,406.93 



Surplus December 31, 1914 $104,411.50 



•Less depreciation on equipment account authorized by Directors 4,411.50 



Leaving net surplus December 31, 1914 100,000.00 



Capital and surplus December 31, 1914 $102,503.00 



Fire insurance (in best companies) $288,500.00 



Accident insurance, covering boiler accidents 25,000.00 



FINANCIAL STATEMENT 



Cash on hand January 1, 1914 $ 23,910.31 



Total cash receipts year 1914 1,128,676.12 



$1,152,586.43 

 Total checks issued year 1914 1,123,684.78 



Cash on hand .January 1, 1915 $ 28,901.65 



Total receipts shoN\n above do not include transportation paid on shipments at receiving end, 

 estimated at $200,000, making a total year's business of considerably over $1,300,000. 



ASSETS 



Cash in banks $ 28,641.37 



Cash in ofllce 260.28 



Accounts receivable 50,920.56 



About $34,000 of the above total is covered by sights drafts against 

 bills of lading on canned goods en route. 

 Merchandise, consisting of corn, wheat, oats, hay, bran, shorts, flour, etc. . 19,121.48 

 Fruits in cans and barrels, part of which is sold but undelivered, includ- 

 ing also empty cans, cases, barrels, labels, etc 156,594.99 



Total liquid assets $255,538.68 



Puyallup canning plant $47,079.10 



Machinery and equipment, Puyallup 15,606.81 



Total Puyallup plant 62,685.91 



Sumner canning plant $12,718.92 



Machinery and equipment, .Sumner 5,361.13 



Total Sumner plant 18,080.05 



Feed store equipment, Puyallup $2,209.66 



Feed store equipment, Sumner 630.93 



Total equipment, both stores 2,840.59 



Insurance paid in advance 1,875.80 



Total assets $341,021.03 



LIABILITIES 



Money borrowed from banks $60,000.00 



Deposits of members 68,548.59 



Accounts payable 15,216.03 



Express certificates 666.08 



Interest accrued and unpaid 2,412,28 



Total liquid liabilities $146,842.98 



Capital •? 2,503.00 



Surplus, December 31, 1913 $79,004.57 



Net earnings, 1914 25,406.93 104,411.50 



tTotal capital and surplus 106,914.50 



Estimated disbursements to members when all goods are sold 87,263.55 



Total liabilities $341,021.03 



SUMMARY 



Liquid assets $255,538.08 



Liquid liabilities 146,842.98 



Luiquid assets in excess of liabilities $108,695.70 



Liquid liabilities $146,842.98 



Cash on hand 28,901.65 



Showing 20c of liquid liabilities on hand in cash, equal to bank requirements. 



•The Directors voled to charge off to depreciation from equipment account sum of $4,411.50, 

 leaving a net surplus of $100,000. 



tFrom the surplus shown must be deducted the unilelerniined earnings due H. A. Baker in 

 the barrel department for the years 1912 and 1913. bnsid upon the profits derived from fruit in 

 barrels when all is sold, which the hooks show to he nnlhing. 



Stark Bros. Nursery of Louisiana, 

 Missouri, is mailing out its new catalog, 

 which is very attractive, showing a cut 

 on the cover of the Delicious apple. 



The California State Conimittec of 

 Horticulture is mailing out a very in- 

 teresting and instructive l)ooklet on 

 "Apple Growing in California." 



WHEN WRITING ADVERTISERS MENTION BETTER FRUIT 



