OCR Text |
Show I MUTUAL CREAMERY CO. SALT LAKE CITY, UTAH. H PIONKKIl I)KVEM)1MKXT m In many western states our time HJ and money and pioneer work, with a HJ cash market for tho farmers' dairy HJ and poultry products, have mado it J possible to reach the present splendid i HJ development, whereby western stote3 HJ have become exporters instead of lm- UJ porters. I WOUID AVIDK MARKET Hftj H Wo reach local markets, also mar- H kets In any part of tho United States H and In all parts of the world, thus H assuring tho producer good returns I and tho benefit from a wldo dlstribu- H tlon of his products. Tho farmer H produces and wc reach thoso that H consumo and we bring in tho dollars HJ from over tho mountains. OUK 1'HOFITS H Our profit la fixed by our Articles of Incorporation, namely; three per H cent on sales, if wo can earn that I much. Should we earn inoro than I three per. cent on sales, this surplus I earning is returned to our producor-I producor-I stockholders, holding stock in tho I company at tho rate of one share, par I valuo Ten Dollars, for every two cows I milked, In proportion to the amount I of milk, cream, eggs and poultry I they sell us. This limits our profits I to approximately ono cent per pound on butter, six-tenths of a cont per I pound on cheeso, and nine-tenths of I a cent per dozen on eggs. COMPETITION' This company does not own a share of stock In any corporation or firm, whether competitors or not, directly or indirectly engaged In tho cream-cry cream-cry of produce business In the West, In the United States, or In the world; and no firm, Individual or corporation, corpora-tion, whether competitors or not, directly di-rectly or Indirectly engaged in tho creamery and produce busLnes3 in the West, In tho United States or In the world, ownB any share of stock or holds any Interest whatsoever In this company. STOCKHOLDERS Two hundred and forty-threo farmers have taken stock In our company, com-pany, and sixty-six of our employees are stockholders. It is the right and privilege of every farmer, with milk and cream to sell, to behomo n stockholder stock-holder with us; and sixty per cent of our capital stock is reserved for producers. pro-ducers. DIVIDENDS PAID DURING 11)10 The total dividends distributed to stockholders during the year 1916 were eight per cent, upon tho par value of stock outstanding. We have In addition to theso dividends paid to tho farmers and producers nbovo referred re-ferred to two per cent, upon tho total valuo of dairy and poultry producers sold by them to this company. MUTUAE CREAMERY COMPANY W. K. Jensen, President. Cnrlyle Hull, Mummer. |