UNITED GRAIN GROWERS 



167 



ling the grain export business; (7) Public Press, Limited a 

 printing company to print the official organ, "The Grain Growers' 

 Guide," catalogs, educational and propaganda literature; (8) 

 Sawmills and timber lands in British Columbia; (9) Land depart- 

 ment, for selling farm land on a commission basis, offering 

 protection and service to both buyer and seller. 



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FIG. 29. Winnipeg machinery showrooms of the United Grain Growers. 



In its form of organization this company is highly centralized, 

 and is therefore efficient. This centralization may be represented 

 in this form : 



(40 farmers, 

 when 6000 acres in grain. 



$8000 of stock subscribed in the United Grain Growers. 

 United Grain Growers will erect a 30,000 bushel house (or 

 larger), equipped with cleaning machinery. Farmers 

 will own stock in the big central corporation not in 

 a local company. 



This company has now 35,000 shareholders, a paid-up capital 

 of $2,159,763.16, and a reserve fund of $1,600,000. Shares of stock 

 have a par value of $25, and a book value of $41.50. When first 



