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Page Eighteen 



THE I. A. A. RECORD 



February, 1932 



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inois Farm Supply 



Ranks High in '31 Sales 



Distribute More Than $73, 00ft in 

 Patronage Refunds to Counties 



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^HE Illinois Farm Supply Company, 

 X co-operative purchasing agency or- 

 ganized to help Farm Bureau members 

 to cut their costs of producing farm 

 crops, ranked fifth in gasoline sales and 

 second in kerosene sales among the 874 

 licensed petroleum distributors in Illi- 

 nois during 1931, it was announced by 

 L. R. Marchant, manager, in the con- 

 ference of county service company 

 managers and directors at Rockford 

 January 27. . 



$5,000,000 Sales 

 More than 4,000 cars of petroleum 

 products, or 33,000,000 gallons, were 

 handled by the 47 farmers' oil com- 

 panies affiliated with the state company. 

 This totals more than $5,000,000 in 

 gross sales. Out of the net profits, 

 more than $73,000 was distributed on 

 a patronage basis among the member 

 companies. 



Facilities Increased 



"This growth and expansion has been 

 brought about through increased facili- 

 ties for distribution and a general im- 

 provement in the merchandising meth- 

 ods of the associated companies," Mr. 

 Marchand said. "The organization be- 

 gan the year with 36 membei: com- 

 panies, operating 92 oil bulk storage sta- 

 tions, and 243 truck tanks. At the 

 close of the period 47 companies were 

 in operation with 120 bulk storage sta- 

 tions and 3 51 truck tanks. 



Big Gains Over 193 1 



"Sales included 22,807,3 3 3 gallons 

 of gasoline, 8,436,442 gallons of kero- 

 sene, 1,059,504 gallons of distillate and 

 fuels, 948,239 gallons of lubricating 

 oil, and 642,78 5 pounds of grease. This 

 repfesented gains of 74.8 per cent in 

 gasoline, 57.4 per cent in kerosene and 

 distillate, 69.49 per cent in lubricating 

 oil, and 58.5 per cent in grease in com- 

 parison with sales during the previous 

 year. 



"The 47 companies associated with 

 the Illinois Farm Supply Company, rep- 

 resenting slightly more than one-twen- 

 tieth of the co-operative oil companies 

 in the United States, have almost one- 

 sixth of the capital stock and handle 

 one-seventh of the business transacted 

 by organizations of this type. This 

 financial strength of the associated com- 

 panies is a credit to the entire co-opera- 

 tive movement in Illinois." • ' ' 



Jersey Counfy Supply Co. 

 Pays 25 Per Gent Refund 



THE 447 Farm Bureau members who 

 patronized the Jersey County Farm 

 Supply Company during the past year 

 will receive in patronage dividends near- 

 ly twice the amount the entire member- 

 ship pays in annual dues to the County 

 Farm Bureau. A 25 per cent patronage 

 dividend announced January 9 together 

 with the preferred stock dividends of 

 7 per cent will total $13,231.45 for the 

 year. -,:-■;,;: _.'■:;:. y;' :^:r.; ■[ ■,-/:.:^.^:,:- 

 In less than three years this company 

 has paid back to Farm Bureau members 

 twice the amount originally invested in 

 the company, the 7 per cent stock divi- 

 dends annually, and set aside surplus 

 and reserve funds in excess of the paid 

 in capital stock. Among the refund 

 checks on 1931 business was one for 

 $275, one over $200, and another $175. 

 The 474 checks issued averaged $26.46 

 per Farm Bureau member, according to 

 Manager W. O. Wilson. 



The company sold an average of 

 1,009.2 gallons of gasoline, 621 gallons 

 of kerosene, 52.2 gallons of motor oil, 

 and 2J.3 pounds of grease per day 

 during the year. 



The Livingston County Service Company 

 recently declared a 17 per cent patronage divi- 

 dend on gasoline, 14 per cent on lubricating 

 oils, llYz per cent on coupon books, and 10 

 per cent on Blue gasoline, kerosene and grease. 



Wa bash Valley Service Co. 

 ■ Cuts Melon at Grayville 



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Some 700 Farm Bureau members and 

 their families assembled in Grayville, 

 Wednesday, January 20, to enjoy the 

 big melon cut by the Wabash Valley 

 Service Company. 



The announcement of the 20% pat- 

 ronage refund by Grant Broster, presi- 

 dent of the company, was most enthusi- 

 astically received by those in attendance, 

 reports L. R. Marchant. 



Checks totaling $6,000 wer distrib- 

 uted at the close of the meeting and 

 another $6,000 will be distributed at a 

 later date. 



Nine hundred thirty-six Farm Bureau 

 members in Wabash, Edwards, White, 

 Wayne, Gallatin and Saline counties 

 will participate in this distribution of 

 the earnings according to J. D. Bunt- 

 ing, manager of the company. The lar- 

 gest check issued was $138 and the av- 

 erage of all checks was $12.40 per 

 rhember. 



The sales of the company were sub- 

 stantially increased during the past year 

 with a gain of 85% for gasoline, 56.6% 

 for kerosene, 45.1% for lubricating oil, 

 49.5% for grease and 132.7% for mis- 

 cellaneous products. Nine directors 

 were elected from Wabash, Edwards, 

 White and Gallatin counties. 



Court Decision Strengthens 

 Packer-Stock Yards Act, 



Commenting on the decfsion ren- 

 dered recently by the Federal Court at 

 Danville upholding the Secretary of 

 Agriculture in ordering livestock com- 

 mission firms at the St. Louis stock 

 yards to stop boycotting co-operative 

 agencies, counsel for the Department of 

 Agriculture said: '/^ ;::■-' 



"The decision rendered was one on' 

 injunction proceedings brought by the 

 'old line' commission firms operating at 

 National stock yards. The secretary's 

 order was approved, and permanent in- 

 junctions refused as to all the plaintiffs 

 except four. The order which the court 

 approved was issued last February and 

 ordered the livestock firms to cease the 

 unfair practices charged. The order 

 also suspended their registration for a 

 period of 90 days. They were able to 

 get a temporary injunction which 

 stayed the suspension provision of the 

 order." 



This decision, according to the legal 

 counsel's statement, strengthened the 

 Department in the enforcement of the 

 Packers and Stock Yards Act. The 

 court ruled that individuals or agencies 

 offering a public or quasi-public service 

 who refuse to trade with anyone on a 

 public live stock market are violating 

 the act even though conspiracy may not 

 be proved; that concerted action with- 

 out agreement is a violation; and even 

 the action of a single agency or indi- 

 vidual in refusing to trade makes him 

 subject to disciplinary action by the 

 Secretary of Agriculture, who may sus- 

 pend his right to operate on the mar- 

 ket. Jury trial of such offenses, the 

 court ruled, is not essential to the proper 

 administration of the law. : •. ;, 



Three Essentials to 



Readjustment — A. B. A. 



Three essentials to completing the re- 

 adjustment to the lower level of prices 

 and income now prevailing include: 

 ( 1 ) lower government expenditures, in- 

 debtedness and taxes; (2) lower trans- 

 portation costs, the largest item in 

 which is railroad wages, and (3) lower 

 building costs, corresponding with the 

 drastic reductions in building materials, 

 according to the American Bankers 

 Association. .■■;■,' 



"None of these charges is immovable 

 and time will doubtless bring them all 

 back into line," states the association. 

 "Purchasing power and prosperity never 

 come from partial employment at nomi- 

 nally high wage scales, but from full 

 employment at 'natural' wages, deter- 

 mined by supply and demand, be they 

 high or low." • 



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