Show elevators earned profit past year losses of farm owned plants were small according dorringto to analysis by ID A wallace specialist in grain mar atar ketine ohio state university I 1 service three out of live five of the farmer owned elev elea eleanors tors in ohio earned a small profit tilts this past year according to an analysis ol of the books ot of 14 companies after a study of the records ds of two thirds of the farmer owned elevators that oper operate ate in the state it was round found that the losses of those which failed to earn a profit were in most cases small according to many of the managers and directors of the companies it is the aim in times like ailiese to give to the farmer every penny we can in prices and it if we break even it Is all that we ask of the companies which sub emitted records for the year re ported surpluses averaging book value of the stock of the companies was per share the usual policy of the farmer owned grain elevators since the 1021 1921 price collapse has been to pay the debts incurred then notes payable were reduced from a total of to by the SO 80 companies for which figures were made available for the years 1921 1924 25 anti and 1032 33 thirty three companies wiped out their total indebtedness A few companies have built up their surpluses to the point that their stock Is worth from to a share |