OCR Text |
Show Dairy Company Hears Financial Report At the annual meeting of the stockholders of the Southern Utah Dairy Company on Monday Mon-day night, three directors were elected for two years terms and a report of the business of the cooperative for the past year was given by Manager Orland Evans. Board members elected were Alma Evans (re-elcted after finishing fin-ishing a two year term on the board), W. Clair Rowley and Howard M. Adams. These three, with Mario Topham and Ellis Robinson, holdover members, will govern the cooperative dur-ing dur-ing the coming year. Lester Wil-liamson Wil-liamson and Ray Morris are the retiring members of the board. The financial report of the organization, or-ganization, as given by the manager, man-ager, showed that a loss of $9,-000 $9,-000 was sustained during the past year. Of this amount $5,000 was paid to the representatives was paid to the George E. May Co. last summer when that firm's representatives spent several weeks here in a reorganization effort with very little or no benefits ben-efits derived from the expenditure. expendi-ture. Tlie rest of the loss was incur-red incur-red in other departments of the nlant nnctlv frnm th milk nrn. cessing end of the business. A comparison of business done by the company in 1955 and 1956 was given by Mr. Evans. The grocery and feeds departments showed a slight gain In volume but no profit. Total sales were $280,455 compared to $284,990 in 1955, a decrease of $4,534, while expenses were $77,719 in 1956 against $69,579 In 1955, an fh-crease fh-crease of $8,140. Sales In the grocery department depart-ment were $136,379 In 1955 and $137,676 In 1956, up $1,296. The 1956 sales of feeds were $44,481 compared to $44,043 In 1955, up $437.95. But the milk processing department dropped considerably considerab-ly with 1956 business of $98,297 compared to $104,567 In 1955, a decrease of $6,269. This loss can be accounted for by the steady decline in the amount of milk received at the plant, a decline which has been going on for more than this year. At the close of the report, the stockholders voted to retain Mr. Evans as manager of the company com-pany and gave him a vote of thanks for his work since he became be-came manager. |