Page Sixteen 



THE I. A. A. RECORD 



November, 19 il 



Co-Op. Oil Companies 



—Distribute Dividends 



Farm Bureau Members Only Share 



In Cash Returns on Patronage 



Basis 



PATRONAGE refunds returned to 

 Farm Bureau members by the coun- 

 ty service companies are especially wel- 

 come this fall, reports L. R. Marchant, 

 manager of the Illinois Farm Supply Co. 



Whiteside Service Company of Mor- 

 rison began operations April 1, 1931, 

 and after six months' operation paid the 

 7% preferred stock dividend, a 10% 

 patronage refund to Farm Bureau mem- 

 ber customers, and set aside an equal 

 amount to surplus. Two hundred and 

 sixty-seven customers of the company 

 are not Farm Bureau members. Patron- 

 age refund checks were distributed at 

 the annual meeting, October 28. 



The earnings of Stephenson Service 

 Company of Freeport during its first 

 six months of operation were sufficient 

 to justify the directors declaring a 12% 

 patronage dividend after setting aside a 

 reserve for the payment of preferred 

 stock dividends and funds to surplus 

 equal to more than 30% of its paid-in 

 capital stock. A 7% patronage was 

 paid at the annual meeting, October 

 27, and 5% will be paid later. The 

 company has 323 non-member cus- 

 tomers. 



- Adams Service Company of Quincy 

 closed its second fiscal period August 

 31, 1931, with 1,812 customers. The 

 non-members patronizing the company 

 numbered 1,057. A 20% patronage re- 

 fund was declared, 10% payable Oc- 

 tober 24, 1931, and 10% April 1, 1932. 

 Another 10% of the earnings was set 

 aside to surplus. 



Rich-Law Service Company of 

 Lawrenceville, operating in Lawrence, 

 Richland and Crawford counties, closed 

 its fiscal year September 30 after eleven 

 months' business. A 15% patronage 

 refund was declared, 10% payable im- 

 mediately and 5% later, with a good 

 balance to surplus. One Farm Bureau 

 member will receive a patronage re- 

 fund check of over $220. 



Logan Farm Supply Company closed 

 its fourth fiscal year September 30 and 

 at the annual meeting held November 

 3, the directors announced a 10% 

 patrortag^ refund on gasolini:, kerosene, 

 and grease, a 15% patronage on lubri- 

 cating oil, and 5% on distillate and 

 competitive gasoline. This company 

 placed almost an equal amount to sur- 

 plus. 



Marshall-Putnam Oil Company, one 

 of the pioneer companies of the state, 

 and a charter member of Illinois Farm 

 Supply Company, closed its sixth fiscal 



NOTICE 



ILLINOIS AGRICULTURAL 



V ASSOCIATION ;;^- 



ELECTION OF DELEGATES 



NOTICE is hereby given that in connection 

 with the annual meetings of all County 

 Farm Bureaus to be held during the month 

 of December, 1931, at the hour and place 

 to be determined by the Board of Directors 

 of each respective County Farm Bureau, the 

 members in good standing of such County 

 Farm Bureau and who are also q|ialified 

 voting members of Illinois Agricultural As- 

 sociation shall elect a delegate or delegates to 

 represent such members of Illinois Agricul- 

 tural Association and vote on all matters 

 before the next annual meeting or any spe- 

 cial meeting of the Association, including 

 the election of officers and directors as pro- 

 vided for in the by-laws of the Association. 

 During December annual meetings will be 

 held in Brown, Bureau, Clark, Coles, Craw- 

 ford, Saline, DeWitt, DuPage, Rock Island, 

 Vermilion, Morgan, Edgar, Edwards, Effing- 

 ham, Henry, Iroquois, Jersey, Johnson, Kane, 

 Stephenson, Wabash, Jackson, Kendall, La- 

 Salle, Lee, Livingston, McLean, Piatt, Ran- 

 dolph, Richland, Union, Champaign and 

 Grundy counties. ■..■;.■■■ 



Signed, 



G. E. Metzger, Secretary. 

 November 15, 1931. 



year August 31. This company, with 

 a surplus equal to its paid-in capital 

 stock, declared a 24% patronage from 

 the profits of the business for the past 

 year. Eight per cent was paid at the 

 end of the first six months, 8% at the 

 end of the period, and 8% will be paid 

 later. 



More Cattle on Feed 



This Year Than Last 



Shipments of feeder cattle into Illi- 

 nois between July and September this 

 year show a considerable increase over 

 the same period in 1930. Many feeders 

 had cattle on hand early in October, 

 but not yet on the feedlot, according 

 to the State Dept. of Agriculture. A 

 considerable number of feeding cattle 

 have been shipped to local points in 

 Illinois where they are held for sale. 



With plenty of cheap feed on hand, 

 farmers will feed more cattle this year 

 than last where finances are available. 

 Lighter weight cattle and calves will 

 predominate this year. 



Lambs on feed in Illinois October 1 

 were somewhat less in number than a 

 year ago. Shipments into the state late 

 in the summer indicated an increased 

 interest in sheep, and it is now appar- 

 ent that feeders plan more feeding than 

 they did earlier. 



The amount of feeding that will be 

 done this winter, however, is still un- 

 certain because of the credit situation 

 and the doubt about the number of 

 sheep to be fed on contract. 



70 Farm Families' - -/ 



~~^ Living Averages $2,489 



The value of the living of 70 selected 

 Illinois farm families averaged $2,489 

 a year during the period 1929-1930, a 

 study made by the State College of 

 Agriculture revealed. "The average ex- 

 penditure of 18 small families was 

 $3,662 a year," the University report 

 stated. "These averages probably are 

 much higher than those for the state 

 in general in view of the fact that the 

 studies were made with a selected group 

 of thrifty families," it was pointed out. 



"Of the $2,489 value for the living 

 of the farm families, $932 was fur- 

 nished by the farm. Twelve per cent 

 of the total was spent for life insur- 

 ance and investments. The town fami- 

 lies spent 28 per cent of their living 

 expenditures for life insurance and in- 

 vestments. 



"Cash spent by the 70 farm families 

 did not necessarily represent the income 

 from the farms on which they lived. 

 Of the $2,489, $1,657 represented the 

 average cash income per family, $420 

 the average value of raised products 

 used in the home or given away, and 

 $412 the average yearly rental value of 

 the house." 



All 88 of the families were American 

 born, and the most usual size of the 

 family was four. Nearly half of the 

 70 farm families owned the land on 

 which their homes were located, and 

 more than half owned between 160 and 

 320 acres. 



\ 



Unorganized Dairymen 

 Disrupt New York Market 



Milk being forced into the fluid mar- 

 kets of New York City by small deal- 

 ers is blamed by the Dairymen's League 

 Co-Opera tive Association for its reduc- 

 tion of 37 cents per hundred pounds 

 of Class I milk effective November 1. 



"It has long been the practice," says 

 the statement issued by the League, "of 

 independent, unorganized producers, 

 and small dealers handling their milk, 

 to dump surplus on fluid markets at 

 any price. This is done rather than 

 manufacture it into by-products. Many 

 of these small dealers have no facili- 

 ties for handling surplus by manufac- 

 tured by-products. As a result of their 

 activities the average retail price of 

 loose milk in New York City is nine 

 cents a quart, whereas it should be 

 eleven cents, and much of it sells for 

 even less than nine cents." 



"The Dairymen's League Co-Opera- 

 tive Association, and its buyers, have 

 had their choice of either withdrawing 

 from the wholesale market or meeting 

 this kind of competition." 



"A, 



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