Bemidji Daily Pioneer Newspaper, April 16, 1920, Page 6

s THE BEMIDJI DAILY PIONEER FRIDAY EVENING, APRIL 16, 1920 1 FRIDAY EVENING, APRIL 16, 1920 \KOORS, : nngu.u 3 ) Koors:Brothers Companv Plan Rapid Exanswn With Completlon of New Modernly | A : | Equipped (old Storage : Rapid Growth of Local Industry Has Merited Confldq e and Support Given by Citizens of This Community L] The story of the development of Koors Brothers Compeny -+ * the present building; which will enable them to handle an addi- is truly a most remarkable one, and words simply cammot tional lime in the jobbing department; in fact, arrangements = express so vivid a story of progress. = = have already been made for handling of one of the best lines (]~ ox beverages or near beer on the market, and the fist carload Eight years ago, incorporated under the laws of the State will shortly be in. No one will question their ability to work of Minnesota, Koors Brothers Company faced the business world * up a big business in this one line. —anovice. Few concerns have started with less capital. Nome N _ have started with greater faith in the future and aml 43 These are but a few of the advantages that the Company to make good. 2 13~ will gain through the operation of the new plant, and in addi- ¥ i [l tion there exists equal opportunity for the development of the The eight years that followed have been crowded with other departments in the business and now being conducted in achievements and progress which have more than justified the faith and ambitions of the organizers of the Company. i Everyone must admit that the Dairy Industry of Northern Today, as wholesale manufacturers of Bread, Bakery i Minnesota is but in its infnacy. Trace, then, the history and Goods, Butter and Ice Cream, and jobbers of Candies, Confec- ¥ remarkable progress made by some of the now largest estab- il tionery, Crushed Fruits, Fountain Supplies and Grocery Spe- .+ lished concerns operating creameries and ice cream factories cialties, the firm is an established and recognized factor in the and then picture to yourself the unlimited possibilities of Koors development of Bemidji and Northern Minnesota. Brothers Company, located in the enterprising city of Bemidji, Since the organization of the Company, its volume of busi- ness and sales territory have constantly increased. At the | present time their products and the merchandise they job are distributed through about 750 accounts, located in 135 towms. il Koors Brothers Company is on the ground floor and that with and cities. Called on by five salesmen. The good will of the | & modern plant, which is as necessary to the proper distribution 750 customers makes Koors Brothers Company successful. i of food products as adequate transportation facilities are neces- hii sary to a mation’s commercial expansion, its future success must mpmtlmwmlhddu,mfi&k—.r bo o¥it s E ery, Ice Cream and Jobbing Departments, and General Offices, I | was erected in 1916. At the time this building was planned and (i erected, it was considered more than large.enough to take care. f | of the growth of the business for the next ten years. ‘But in f the Fall of 1917, when Koors Brothers Company also eptored : into the Creamery business, the expansion was more rapid than. dairy producing center in Minnesota. If at all inclined to be optimistic, one cannot but feel that which is situated in what is destined to become the greatest \‘n Every where capital is being spent to improve working - -conditions for employees as well as to prodiice a greater volume o BETTER QUALITY products AT LESS COST. . That is what 5 the new-plant will accomplish. [ It is of further interest to know that at the present time --...'2:‘- Koors Brothers Comp: erecting a modors, P o s ::n-.;;dzopmf BCn-m‘ry, -.,."é.’..‘i. nd Cold Stornge ‘ thirty people are employed by Koors Brothers Company, whose s i Plant, to be completely equipped in every respect, and which, it v-v-:‘:ld ‘;-w-d- $4,000 perl:onlh, ey poomy of which is = i vont i the meighborhood of $75,000.00, I pract spent amongst the various business houses of this hen campléted;iyill cost 10 the/nelg i K city—that additiomal working capital will place the Company The completion of the new plant will place Koors Brothers il in a position to take advantage of all cash discounts, which on Company in a position where they can materially increase their i the basis of last year’s purchases, would amount to approxi- profits and earnings by inside or internal efficiency and ecom- i mately $5,000. One can readily see, therefore, i at with the e AR N omy. While it is true to a certain extent that profits come from. 1 occupancy of the new plant and with the additional working e an increase in the volume of business, one must not lose sight I capital, they can increase their net earnings by approximately of the fact that one eye only must be kept on that end of the: j; $20,000." These, of course, are estimated figures. business—the other eye must be on the inside operative systeea. ‘ Knpin'hmhd,ihflrevlmmlq-nfivau;':;eyiui— s The remarkable progress made by the Company is indi- evitable as old age, this plant will be equipped with the most: cated by the steady annual increase in the volume of sales since 2 modern machinery on the market today, and because of i, & the foimdation of the Company eight years aga. In the fscal big saving in the manufacturing cost of fco Cream and Bufter year of 1912 the net sales were $21,800.00. In 1918 the net will bo effected. 4 » « ' sales excoeded $300,000.00, making an increase in six years | 3 of about 1400 por ceat. In 1919 the $450,000.00 mark was The equipment of the new building will include ‘an ice" passed, making an increase of 50 per cent aver the previous making plant that will relieve any possibility of a cartallmeat | year. of production through an ice shortage, and several labor-saving : o . : " AR, and 4 énterprise is expected to show large profits during the Seviess ate:fo ba ueed 1b the making of ice cheess snll Nether. carly years of its comstruction and building up. The rapid ” "y of Koors Brothers any’s i in so By having cold storage facilities to store butter and oggs | development Company’s business in so short when the market is low, and selling again in Fall or Winter % £5e P-fld“;,-':::m Becesiary amervis and Mxvecmfi c‘h-x-d_ hen the market is hi additional profit will be made. - time to time.. However, ithstanding = N % 8 Nt ko s this, cash dividends averaging over 12 per cent have been ‘At the present time the homes in this city are not supplied annually on the Common Stock, in addition to 8 per cent divi- ‘with pasteurized milk or cream. Most cities have an ordinance % dends on the Preferred Stock, and the depreciation of assets ‘which prohibits the sale of any milk or cream that is mot { substantially provided for. pasteurized. In the new plant they have planned to take care 5 of this most important branch of the Dairy Industry wheaever Taking into consideration, therefore, the consistent growth in the past; the costly construction and experimental stage they think |k sxpediont 0 dojedt) | . S, i practically passed, the constant and increasing demand for the “ The completion of the new plant will release cae floor in products manufactured and jobbed by the company; the de- ( velopment of Northern Minnesota being but in its infancy, it is only reasonable to assume and look forward to at least the same steady and healthy growth in the future as in the past. T+