BULLETIN 394, U. S. DEPAETMENT OF AGRICULTURE. 



II. External or corporate mg animation: 



14. Organized under cooperative law: (32) Yes; 15. Corporation law: 

 (10) Yes; 16. Number of members (43) 228; 17. Condition of mem- 

 bership: ; Vote: (40) One per member; 19. Principal nationality 



of- members (49) American born; 20. President: (46) Yes; 21. Vice 

 president: (35) Yes; 22. Secretary: (38) Yes; 23. Treasurer: (34) 



Yes; 24. Auditors (24) Yes; 25. Other officers: ; 26. Directors: 



(43) 5 ; 27. Term of office : (34) One year ; 28. Committees and duties : 



; 29. Branches: (5) Yes; 30. Controlled by grange: (2) Yes; 31. 



Controlled by farmers' union: (1) Yes. 



III. Internal or operating orgariisation: 



32. General manager: (47) Yes; 33. Sales manager: (7) Yes; 34. 

 Buyer: (4) Yes; 35. Cashier: (10) Yes; 36. Bookkeepers: (31) Yes; 

 37. Salesmen: (44) 5; 38. Saleswomen: (28) 3; 39. Stehographers : 

 (3) Yes; 40. Departments: (49) 2; 41. Is responsibility definite: 

 (27) No. 



IV. Finance: 



42. Capital authorized: (32) $45,437; 43. Subscribed: (41) $20,143; 

 44. J»aid in: (50) $16,627; 45. Par value of shares: (44) $53; 46. 



How transferable: ; 47. Amount may be held by member: (31)- 



High $8,000, low $10, averag^ $1,200; 48. Interest paid on stock: (37) 

 Yes; 49. Paid annually: (34) Yes; 50. Semiannually: (40) No; 51. 

 Dividends to members: (35) Yes; 52. Dividends to nonmembers: 

 (18) Yes; 53. Dividends paid annually: (30) Yes; 54. Semiannually: 

 (39) No ; 55. Dividends paid in cash : (27) Yes ; 56. Dividends in mer- 

 chandise: (29) No; 57. Dividends in stock : (35) No. 

 V. Credit: 



58. Do you borrow money: (40) Yes; 59. Rate of interest: (37) 7 per 

 cent; 60. Are bills discounted regularly: (18) Yes; 61. Estimated 

 saving: (24) $997; 62. Is credit difficult to obtain: (33) No; 63. 

 Security offered: (26) None; 64. Credit extended to customers: (45) 

 Yes; 65. For how long: (27) Two months; 66. Losses due to credit: 

 (15) $664; 67. Are accounts paid promptly:- (25)' Yes; 68. Advan- 

 tages of credit: ; 69. Disadvantages: (For per cent credit 



sales, see question 86.) 

 VI. Purchasing: 



70. Principal market: ; 71. From salesmen: (43) Yes; 72. From 



catalogue houses: (21) No; 73. From manufacturers: (24.) Yes; 

 74. Are lowest prices obtained: (27) Yes; 75. Estimated produce 

 bought from farmers: (22) $12,126; 76. Are all orders reduced to 

 writing: (30) No; 77. Invoices checked systematically: (39) Yes; 



78. Difficulties: 



VII. Selling: 



79. Per cent country trade: (43) 63; 80. Per cent town trade: (43) 

 37; 81. Per cent membership trade (42) 60; 82. Nonmembership 

 trade: (42) 40; 83. Per cent active members (37) 80; 84. Nonac- 

 tive: (37) 20: 85. Per cent cash sales: (36) 50; 86. Per cent credit 

 sales: (36) 50; 87. Advertising methods: (23) None; 88. DeHvery 

 system: (32) Yes; 89. Total annual sales by departments: (45) 

 $87,781; 90. Rate of profit on sales by departments: (36) 20 per 

 cent;^ 91. Store opens: (37) 7 a. m. ; 92. Closes: (37) 7 p. m. ; 

 Saturdays 9 to 10. 



^ This is the estimate made by managers (see also Table 10). 



