Bemidji Daily Pioneer Newspaper, August 5, 1918, Page 4

i i i { B/ ) PAGE FOUR ASSURED FOR BE ’ F A& A The necoésary funds are subscrihed by Saturday, Aug. 10 Reasons Why We Need a Potéto Flou w3 7 _ Assures a Stable Market The heretofore unstable market for potatoes has always been caused by congestion at the time the crops were ready to be shipped; by the inability of the growers to dispose of at a profit their culls, blighted and frosted potatoes, and by the un- certainty that has always existed as to the price to be paid. This condition will be aggrevated this year by the government requirements of grading and shipping only Number 1 and Num- ber 2 potatoes. : . With a Potato Flour Factory in operation afill(tf{heseflauses are eliminated. . The grower can have his potatoes graded, and store Numbers 1 and 2 for future shipment. The culls and other undesirable potatoes will immediately bring him a good price at the factory. : A This will also encourage the growers to increase his acre- age, being always assured a ready and profitable market. A Potato Flour Factory also tends to insure a better selec- tion of seed, removing as it does the possibility of shipping blighted crops for replanting, also stimulating the growing of better seed potatoes each year which in itself is an important factor not to be lost sight of. 3 Enormous Demand for P‘otato Flour Unsupplied Practically every baker in the country, the majority of housewives, every domestic science school and especially the United States Food Administration give ample testimony as to the food value of Potato Flour and its need in the making of better bread. Since the European war commenced this demand has re- mained unsupplied. Germany, prior to the war, had-480 Potato Factories in operation, selling this valuable product to almost. every country in the world. : The bread baking industry will use from 5 per cent to _10 per cent Potato Flour. It would require 160 one-unit factories to supply this industry with only one per cent. At present there is only one Potato Flour Factory in the United States. . : In addition to the baking industries the macaroni and cracker manufacturers will use Potato Floqr to improve their products. A company now forming in Minneapolis for the purpose of manufacturing Self-Rising Potato Pancake Flour . will need large quantities. : The present wholesale price of Potato Flour is 14} cents 4 per-pound and with the exception of small amounts shipped us from Japan is almost unobtainable. The supplying of only our home market would mean the building up of an enormous in- dustry, but we have at our threshold a world market to deal with. = =~ —3 'THE BEMIDJI DAILY PIONEER 0l MONDAY EVENING, AUGUST 5, 1918 THE NATURAL POTATO FLOUR FACTORY AND IN OPERATION Y NOV. ist, 1918 . 41 ,(1\.) LAIGE r Factory A Very Profitable Investment t The Idaho Falls Faci:ory, the first and only one of its kind in America, showed after the first season’s run in 1917 enough profit, not only to cover the original investment of $50,000, but _also earned sufficient revenue to pay its stockholders a 20 per cent dividend. A The following is a statement based upon the first year’s operation of the one-unit Idaho Falls Factory, conservatively adjusted to meet local conditions. - The season’s campaign averages 240 days-with a 24-hour - We figure héré on' a shorter campaign of only 200 days. i Daily capacity of factory is 36,000 pounds, or 600 bushels of potatoes. Factory price paid to grower, 80 cents per hundred pounds field run or 48 cents per bushel. ’ 36,000 pounds of potatoes will yield {7,200 pounds of natural potato- flour. Present carload market price of Potato Flour is from 12 to 143 cents per pound at the factory. In thisestimate we fig- ure the price of Potato Flour at only 10 cents per pound. - " LABOR EXPENSE PER DAY 3 men at cookers, total hours 24;at35¢c.. .............. $8.40 Fire insurance, taxes and accident insurance . Management and office expense..... Gt e Es i Total yearly overhead expenses . ... .............. $9,550.00 TOTAL DAILY EXPENSES g Overhead expenses per year $9,5650.00 divided by 200 days $47.75 Factory expense per day.........coovie vuvenuennneann 396.70 Total expense per day . icosiveviin sssdvsnsovssns $444.45 OUTPUT OF FACTORY PER DAY 36,000 pounds of potatoes will produce 7,200 pounds of flour ] 8 men in warehouse, total hours 24, at 35¢ 3 8.40 1 man at washer, total hours 12,at35¢c. . 7" ", 4.20 - 3 men at flake dryer, total hours 24, at 40c. .- 9.60 1 man at flour mill, total hours 10, at 40¢ 4.00 3 firemen, total hours 24, at 50c........ ...........c..s .. 12,00 3 firemen, total hours 24; at 40c. =, .. . o3 5 Syl B v Ll 9.60 —_— = : 56.20 Total men, 17 : - ; ADDITIONAL DAILY EXPENSES ! Packages for finished products ........ .............. $25.20 1Y% tons of coal at $8.20 perton....... ... ... ..., 12.30 Electric power and light-estimated ..... .............. 5.00 Oil waste and miscellaneous expenses... .............. 10.00 - 36,000 pounds potatoes at 80c per cwt. (field run) ....... 288.00 340.50 | Total fa¢toryeexpenses per day ... ..... T R A 7889670 " E b ak:) YEARLY OVERHEAD_EXPENSES L e ]l} B Interest on investment of $45,000.00 at'8 percent ....... '$3,600.00 Depreciation on buildings and equipment .............. 1,600.00 at 10c per pound: . . : v i obuovnsoesh T iTivseves $720.00, Less total factory expense per day..... .............. 444.45 Net profit per day......ccovvrervre sesswnemenis o 275.565 $275.55 net profit per day for 200 days. ............. ..., $55,110.00 = From these figures it is easily seen that a Potato Flour Factory would render two-fold service to its stockholders by not only returning a handsome profit on their investment but bettering the conditions afforded the growers in the vicinity. This will be reflected in all lines of trade and all branches of business. i . . R—— mmflvjfl‘mflmv (o1 |MMEDIATE ACTION NECESSARY Company to capitalize at $100,000.00. Stock to be issued, $45,000.00. Stock sells at $10.00 par value, non- assessable. ’ Details of organization to be perfected at‘meeting of stockholders on Saturday, August 10th, 1918. Building formerly occupied by Bemidji Brewing Co. to be utilized for factory and is pronounced by engineers as admirably suited to its purposes. Suitable payments for stock subscribed can be arranged. The list of subscribers now number more than 200 but the entire amount needed must be pledged by Saturday, August 10th, so that the machinery can be ordered. 4 . If we fail now the opportunity is lost at a time when such a fac- tory is badly needed. : Do your share, clip and mail the coupon that will bring you further information. : ‘ORGANIZATION COMMITTEE BEMIDJI POTATO PRODUCTS CO0. (NOW FORMING) GLIP AND MAIL TODAY Organization Committee, Bemidji Potato Produtts Co., Bemidji, Minn. I am interested in the establishment of a Potato Flour Factory. , Please furnish me with further information regarding it. Defective