22 CANADA - CO-OPERATION AND ASSOCIATION 



§ 4. The MANITOBA GRAIN GROWERS* GRAIN COMPANY 



The year 1915-1916 was from almost every point of view the most 

 satisfactory ever experienced bj^ this compam\ 



In its ten years of life this company has come to be very powerfvil. 

 When formed on i September 1906 it could count certainly on only a few 

 shareholders ; on 31 April 1916 their number was 18,163. The paid-up 

 capital has risen from S5,ooo to $1,073,000. The profits of the first year 

 were only $790 ; last year they were more than 8570,000. The total quan- 

 tity of grain which the company has handled in the ten years is more than 

 205 million bushels The total profits amount to §1,488,740 and the total 

 dividends to $550,000. 



The volume of grain which passed through the compam^'s elevators 

 was, owing to the exceptional crop of a year ago, more than double that 

 handled in the previous 3^ear, namely 14,737,687 bushels as against 

 6,540,923 bushels. In spite of this increase of about 125 per cent, the 

 working costs increased by only 75 per cent., the total expenses in this de- 

 partment being $437,695 as against $285,897 in 1914-1915. The total 

 revenue was $597,303 as against $292,288 for 1914-1915. Thus this de- 

 partment obtained a profit of $161, 607 as against one of $7,390 for the 

 previous year. 



The company now owns fourteen elevators in the province of Manitoba. 



The co-operative department, by sales of machinery and other goods, 

 realized $1,363,591 as against $1,148,128 in the previous year, which gives 

 an increase of 19 per cent. The chief increase was under the head of 

 machinery, of which the sales, those in Calgary being excluded, realized 

 $278,205 as against about $80,000 in 1914-1915. 



The sales of machinery at Winnipeg and Regina were made up as fol- 

 lows : 



Tillage tools $102,044.13 



Miscellaneous machinery and supplies 83,664.67 



Gas engines 13,889.80 



Tractors 36,191.39 



Vehicles 42,415.79 



$278,205.78 



The other principal sales effected by the co-operative department 

 were as follows : 



