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Show Mutual Creamery Company Salt Lake City, Utah iioxfkr i)i:vi:i,oiMi:.T In many vw.sl'Tn alates our time and money and pioneer work, with a eaHh market for tlie farmers' dairy and poultry products, have made It possible to reacli the present splendid splen-did development, whereby western states have become exporters instead of importers. HOIU.I) V1I)K M.AKKET We reach local markets, also markets mar-kets in any part of the United States and in all parts of the world, thus assuring the producer good returns and the benelit from a wide distribution distribu-tion of hlH products. The farmer produces pro-duces and we reacli those that consume con-sume and we bring in the dollars from over the mountains. Olll PROFITS Our profit is fixed by our Articles of Incorporation, namely: three per cent, on sales, if we can earn that much. Should we earn more than three per cent, on sales, this surplus earning is returned to our producer-stockholders, producer-stockholders, holding stock in the company at the rate of one share, par value Ten Dollars, for every two cows milked, irt proportion to the amount of milk, cream, eggs and poultry they sell us. This limits our profits prof-its to approximately one cent per pound on butter, six-tenths of a cent per pound on cheese, and nine-tenths of a cent per dozen on eggs. COMPETITION" This company does not own a share of stock in any corporation or tirm, whether competitors or not, directly or indirectly engaged in the creamery or 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 the 'reamery and produce business in the West, in the United States or in the world, owns any shares of stock or holds any interest whatsoever in this company. STOCKHOLDERS Two hundred and forty-three farmers farm-ers have taken stock in our company, and sixty-six of our employees are stockholders. . It is the right and privilege of every farmer, with milk and cream to sell, to become a stockholder stock-holder with us; and sixty per cent, of our capital stock is reserved for producers. DIVIDENDS PAID DURING" J010 The total .dividends distributed to stockholders during the year 1916 were eight per cent, upon the par value of stock outstanding. We have :n addition to these dividends paid to the farmers and producers above referred to two per cent, upon the total value of dairy and poultry products pro-ducts sold by them to this company. MUTUAL CREAMERY COMPANY W. P. Jensen, President Carlyle Hall, Manager |
