OCR Text |
Show CO-OPERATIO.V. Co-operative stores, it is stated by the London Times, have within the last lew years sprung up in almost every city, large town and village in England, and many have become powerful pow-erful and exten-ive organizations, revolutionizing rev-olutionizing the old modes of dealing. Another important change has also beet) introduced. Formerly the stores obtained their goods from merchants, who also supplied the trade. Now, however, the greater number of the cooperative co-operative stores are members of the North of England Co-operative Sooi-ety, Sooi-ety, established at Manchester, with salesmen and buyers at all centres of supply. The object of the Society is to supply goods by the wholesale to cooperative co-operative societies and stores becoming shareholders, and to distribute quarterly quarter-ly the profits of the wholesale bu-ioess: The North of England Society has a membership of 209 minor societies, representing re-presenting S9,SS0 individuals, and owns a share capital of 95,075, at the rate of SI. 25 a share. Among the largest shareholders are the Rochdale Society, who own 6,823 share-; Halifax, Hali-fax, 6.000 shares; Manchester Equitr able, 3.20S shares; Manchester Industrial, Indus-trial, 2.2U0 shares; Bolton, 2.633 shares, and other societies 200 shares each. The sales of the Grand Society, in 1S70, amounted to $3,388 6S5, being an increase of 852,500, or 34 percent, over 1S69. Dunne 1870 the butter sales reached 50,743 firkins, and the business done in tea and coffee during the last quarter amounted to $74,275, and the net profits during the same period amounted to $955, Ex. |