DuirodllCtS ^lit Cti-eiimUifeiliof 



operative. It was his last wish that the ele- 

 vator operate cooperatively and as a mem- 

 ber of Illinois Grain Corporation. 



i 



*.r^ 



Fred J. Rovey, president of the Farmers- 



ville Cooperative Elevator Company, Mont- 

 /?omery county, has announced the employ- 

 ment of Lester Sheridan, Lincoln, Lo^an 

 county, as manager. Both Mr. and Mrs. 

 Sheridan had been in the employ of the 

 East Lincoln Farmers" Company for several 

 years. Xhey are known to be friends of the 

 cooperative movement. 



Reorganization papers have been com- 

 pleted for the Paxton Farmers' elevator, Ford 

 county. The company is now operating un- 

 der the Cooperative Act of 1923, which is 

 the true cooperative act of this state. 



Fanners at Elliott in Ford county are at 



a loss to know just what happened to cause 

 the Farmers' Elevator to pass into the hands 

 of independent operators. A substantial 

 amount of stock had been subscribed for by 

 producers in the community who were 

 anxious to have a true co-operative elevator. 

 Within a few days they learned that the 

 Farmers' Stock Company had been sold. 



Time is the only element required for a 



farmers' stock company to drift into cor- 

 porate difficulties. The following is typical 

 of what pan happen. 



In 1904 a group of farmers organized a 

 farmers' elevator under the business cor- 

 poration act. They sold $15,000 capital 

 stock. After operating 20 years a surplus of 

 $30,000 had been accumulated. The direc- 

 tors decided to re-organize under the 1915 

 Elevator Act. What to do with the sur- 

 plus.' They issued two shares of new stock 

 to each share of original stock making a 

 capital obligation of $45,000. 



Twenty years later a similar surplus had 

 accumulated and now the directors, nine of 

 them, want to reorganize under the Co- 

 operative Act of 1923. What to do with 

 the surplus.' They will pay it out in cash. 



A check on the holders of capital stock 

 reveals that more than half of them no 

 longer live in the community and a majority 

 have no farming interest. The problem now 

 is to get the consent of the holders of two 

 thirds of the stock to reorganize. This 

 should have been done in 1924 when a ma- 

 jority of stockholders were producers. 



Dr. L. J. Norton, department of agricul- 

 tural economics at the College of Agricul- 

 ture, University of Illinois, observed in the 

 April RECORD that there are 109 farmers' 

 elevator companies operating as true co- 

 operatives under the 1923 Act, and that 

 there is a trend toward reorganization under 

 the Act. 



Lieut. Harry Morris, Graymont, lost his 



life in action over Burma, according to a 

 message from the War Department to the 

 A. B. Scheeler family. Lieutenant Morris 

 was the husband of Mr. Scheeler's daughter. 

 Mr. Scheeler is manager of the Graymont 

 Cooperative Elevator, Livingston county, 

 largest shipper to Illinois Grain Corporation. 



MAY. 1945 



milk 



•y Wilfred Show 



The War Food Administration has sus- 

 pended that portion of the Chicago Fed- 

 eral Milk Marketing Order which would 

 have decreased the Class I milk price for 

 May and June 20 cents per cwt. This action 

 of WFA will increase the dairymen's re- 

 turn in the Chicago milk shed about $450,- 

 000 during these two months. 



The ninth annual JUNE DAIRY MONTH 

 observance will be held this year. The 

 1945 Dairy Month will stress the vital im- 

 portance of dairying to the nation with this 

 pointed message as the theme, "Dairy Foods 

 Are Essential". All segments of the dairy 

 industry will cooperate in this year's pro- 

 gram in stressing the essentiality of dairy 

 foods in the wartime diet. 



The annual meeting and stocldiolders ban- 

 quet of the Danville Producers Dairy were 

 held in early April. The reports submitted 

 to stockholders disclosed substantial in- 

 creases in the sales of the dairy for the past 

 year and satisfactory earnings upon the past 

 year's operations. Capital stock dividends 

 of 6% were declared and in addition a 

 5% patronage dividend was also paid to pa- 

 trons. 



The board of directors of the dairy for 

 the coming year will be composed of R. R. 

 Bookwalter, Danville, president; George 

 Lenhart, Georgetown, vice-president; J. War- 

 ren Ellis, Ridgefarm, secretary-treasurer; 

 William Grubb, Covington, Indiana; and 

 Elmer Leacnard, Georgetown. Learnard was 

 elected to succeed Charles DeLong of Po- 

 tomac. F. F. Bott, Danville, is manager of 

 the dairy. 



Stockholders and their wives attending 

 the annual banquet in the Wolford Hotel 

 heard Tom Collins of Kansas City, Mo., who 

 gave the main address. Among the honored 

 guests present were Otis Kercher, of In- 

 diana, who was farm adviser of the Ver- 

 milion County Farm Bureau at the time the 

 dairy was originally organized ; I. E. Parett, 

 farm adviser, and other officials of the Ver- 

 milion County Farm Bureau and of the 

 other affiliated cooperatives. 



War Food Administration has increased 



some milk marketing quotas and removed 

 others on dairy products to make the best 

 possible use of milk during the flush months 

 of production. H. H. Erdmann, market 

 agent of WFA, Chicago, who is in charge 



of the WFA milk quota orders effective in 

 Chicago, Rockford and Peoria, recently an- 

 nounced a new milk quota of 115% of June 

 1943 milk sales effective April 1, and a 

 100% quota on butterfat in cream effective 

 April 20. 



Directors of Dairy Products Promotion of 



Illinois, the Illinois unit of the American 

 Dairy Association, in two recent meetings 

 completed plans for the annual campaign 

 June 1 to 15 for the collection of funds to 

 finance the dairy industry promotional or- 

 ganization, American Dairy Association. Os- 

 car Swank is the manager of Dairy Prod- 

 ucts Promotion. 



The following are the blended prices re- 

 ceived by producers supplying the respective 

 Illinois markets. All are March prices for 

 3.5% milk, f.o.b. dealers' platforms (except 

 Chicago) and are for milk meeting the re- 

 spective milk ordinances: 



Bloomingtoa 42.41 



Canton 2.75 



Champaign _ 2.75 



Chicago _ _ 3.07 



Danville 2.45 



Decatur 2.75 



DeKalb _ _ 2.74 



Freeport _ 2.74 



Galesburg ...„ _ 2.65 



Harrisburg _ 2.60 



Jacksonville 2.85 



Kewanee _ 2.55 



LaSalle _ 2.69 



MoUne _ 2.974 



Peoria 2.89 



Pontiac .- 2.406 



Quificy 2.36 



Rockford _ 3.05 



Springfield _ _ _ _ 2.85 



St. Louis ..- 3.42 



Streator _ 2.40 



The following are the gross blended prices 



paid to producers for milk in the following 

 named cities throughout the United States, 

 and are quoted on a 35% butterfat basis, 

 delivered f.o.b. dealer's platforms (with ex- 

 ceptions noted) as reported by the respec- 

 tive milk cooperatives. These prices are for 

 March, unless otherwise noted : 



Baltimore (Feb.)$3-85 



Boston (191-200 mile zone) (Feb.) 3.35 



Chicago (70 mile zooe) 3.07 



Cleveland (Feb.) 3.43 



Denver „ 2.87 



Detroit (Feb.) 3.57 



Indianapolis - 3.28 



Kansas City 3.64 



Louisville _ 3.38 



Memphis (Feb.) 3.60 



Milwaukee _ _ 3.00 



New York City (201-210 mile 



zone) _ (Feb.) 3.32 



Omaha _ 2.96 



Pittsburgh _ _ (Feb.) 3.32 



Seattle _ 3.10 



St. Louis 3.42 



St Paul and Minneapolis 3.00 



Toledo (FA.) 3.44 



Wadiington, D. C (Feb.) 3.99 



19 



