Show elevators earned profit past year losses of farm owned plants were small according to analysis by 13 A wallace wallac e specialist alst in grain mar liar ketlak ohio university service three out of five of the farmer owned elevators in ohio earned a small profit this past year according to an analysis of the books of companies after a study of the recon records Is of two thirds of the farmer owned elevators that operate in the state it was 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 at is the alm aim lu in times like these to give to the farmer every penny we can in prices and if we break even it Is all that we ask of the companies which sub bitted records for the year ro re ported surpluses averaging book value of the stock of the companies was per share the usual policy of tile the farmer owned grain elevators since the 1921 price collapse hns has been to pay the debts incurred then notes payable were reduced from a total of to by tile the 80 companies for which figures were made aval available lable for the years 1024 25 and 1932 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 |