Jasper County Democrat, Volume 23, Number 26, Rensselaer, Jasper County, 26 June 1920 — REPORT OF THE BUSINESS [ARTICLE]

REPORT OF THE BUSINESS

Done by the Farmers’ Grain Company for the Last Fiscal Year. Following is a detailed report of the business transacted by the Farmers’ Grain company of aer at Rensselaer and Surrey for the last fiscal year, as given by the manager at the annual meeting of stockholders held here Monday:

301,635 bushels of grain were bought at a cost of $337,901.81. 299,841 bushels were sold for $373,486.92. . Gross profit on gram, $15,580.11. Shrinkage 1,794 bushels. Per cent of -profit based on purchase, 4.3. . Per cent of profit based on sales, 4 2 Whole volume of business done at Rensselaer was: .oooionaK Based on cost Based on sales 414.J37.23 Gross profit 21 ’ 2 fsn? For rental J 15 00 Total gross profit based qp purchases, 5.4 per cent, based on sales, 5.01 per cent. , Operating expenses at Rensselaer, $13,508.23 or 3.4 per cent, based on purchases or 3:2 per cent based on Net profit at Rensselaer, $7,753.15, or 2 per cent on purchases or 1.9 per cent based on sales. At Surrey. Bushels grain purchased, 49,067, at a cost of $61,934.59. for Bushels grain sold, 48,686, ior which $63,734.79 was received. This was a gross profit of sl,800.20 and a shrinkage of 431 buSh Expenses at Surrey 7 er e $879.50, leaving a net profit of $920.69. Gross profits at Surrey were 2.9 per cent based on cost and 2.8 per cent based on sales. Expenses at surrey were 1.45 per cent on cost or 1.4 based on sales. This leaves a net profit on cost of 1.5 per cent or on sales of 1.4 per cent. Coal Account. On hands, last report, 400 tons, cost $2,287. . B Purchased during the year, 276 tons, cost $24,129.48. Total coal, 3,676, at cost of $26,416.48. n 7AA Total sales for the year, 3,766 tons, $31,440.01. Gross profit, $5,053.53. Inventory, $300.00 Total Gross profits, $5,353.58. Expense of handling coal, SB,173 34 Net profit on coal, $2,180.19. . Gross Profits for Y “ r ’ - On oats * 611 70 On corn 3,611.70 On wheat 4 On rye On feed On fertilizer 250.18 Coal 2,1 i 74 Limestone Rent acct 1500 Total Gross earnings.-$18,088.04 Expenses. L abor $ 2,726.15 Salaries 2,190.00 Storert ?’2.39 Director’s salaries 110.00 Depreciation l»068.8f Insurance Total expense $10,334.89 Net profit at Rensselaer, $7,753.15, plus net profit at Surrey, 920.69, making a total net profit of $8,673.84.