Bemidji Daily Pioneer Newspaper, August 9, 1918, Page 4

BT R o | i Fi i T SR D, URAL SSURED FOR BEMIL Reasons W Assures a ‘,St'able"~'Market ' ‘Th'e. 'hei'etoforé unStablvévmaifké;if"o‘r'pb't’e{t'o’es 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 all these causes 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. : s A e _ - This will also encourage the growers to increase his acre- age, being always assured a ready and profitable market. . A Potato Flour Faetory also tends to-insupé 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: B Enormous Demand. for Potato Flour Unsupplied ; Practically every baker in the ‘country, the majority of housewives, every doméstic science school and espetially 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. AN A 2 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’1 60 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. ; j . In addition to the baking industries the macaroni and cracker manufacturers will use Potato Flour 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 144 cents 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. hy We Need a Potato Flour Factory A Very Profitable Investment The Idaho Falls Factoty, 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. - : : : : 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. . s The season’s campaign averages 240.days with a 24-hour day run. e We figure here on a shorter campaign of only 200 days. Daily capacity of factory is 86,000 pounds, or 600 bushels of potatoes.. . : Factory price paid to growery,'flsolbcents‘pél; hundred pounds .. field run or 48 cents per bushel. . : © 86,000 pounds of potatoes will yield 7,200 pounds of natural potato flour. ' : Present carload market price of Potato Flour is from 12 2 to 141 cents per pound at the factory. In this estimate we fig- ure the price of Potato Flour at only 10 cents per pound. / LABOR EXPENSE PER DAY ° ¢ =T 3 men at cookers, total hours 24, at 36e.. .............. $8.40 : 3 men in warehouse, total hours 24,at35¢c .............. 8.40 1 man at washer, total hours 12, at 35¢c. . ~....... ¢ ... 4.20 g2 3 men at flake dryer, total hours 24, at 40c ............. 9.60 1 man at flour mill, total-hours'10, at 40c .......... ok 4.00 3 foremen, total hours 24, at 50c....... .... A i, LT 12.00 3 firemen, total hours 24, at 40c........ .....viiinieann 9.60 G ; i 56.20 Total men, 17 1y . ADDITIONAL DAILY EXPENSES . Packages for finished products ........ .............. $25.20 114 tons of coal at $8.20 per ton....... ...... ... ... 12:30 Electric power and light estimated ..... .............. 5.00 0il waste and miscellaneous expenses. .. . .............~ 10.00 86,000 pounds potatoes at 80c per cwt. (field run) ....... 288.00 . 340.50 Total factory expenses per day .... ....eeeeereecnneacinss $396.70 YEARLY OVERHEAD EXPENSES ; Interest on investment of $45,000.00 at 8 percent ....... $3,600.00 Depreciation on buildings and equipment .............. 1,600.00 Fire insurance, taxes and accident insurance ............ 850.00 Management and office expense........ ..l.....oueonn 3,500.00° Total yearly overhead expenses ... .............. ; i TOTAL DAILY EXPENSES Overhead expenses per year $9,550.00 divided by 200 days $47.756 Factory expense perday.............. ... DERPIT i ks 396.70 Total expense PEr day. .....v.ove e | cisuesaesnans $444.45 OUTPUT OF FACTORY PER DAY 36,000 pounds of potatoes will produce 7,200 pounds of flour $9,550.00 at 10c perpound ......... R R B AT $720.00 Less total factory expense per day..... .... R R 444.45 Net profit per day.....cocvvevviin vonvnrnanasao 275.565 $2765.55 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. g‘hi§ will be reflected in all lines of trade and all branches of usiness. R FACTOR | AND IN OPERATION Information Regarding Shares 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 | T R ARG P 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. | PROJECT NOW FULLY ENDORSED This project is now fully endorsed by our farmers and the Commercial Club and will become one of Bemidji’s leading industries. You cannot afford to be on the out- side. Get in touch with the committee at once and reap the benefits to be derived. ORCANIZATION COMMITTEE BEMIDJI POTATO PRODUCTS CO. (NOW FORMING) ~ GLIP AND MAIL TODAY Organization Committee, 4 Bemidji Potato Products Co., . Bemidji, Minn. Pleasereserve.............. shares for me in the Bemidji Products Co. (now form- ing). NI 2. %5 8 s T o vu s o diiins bai e ' - X (511 S AR SR S ! ! Defecfi'vé