The evening world. Newspaper, November 14, 1919, Page 22

ram ae Toe 1918, was 3 per cent. butter fat, following figures represent the 0 put and factory cost of this plant: Caves ‘HUGE IN MLK BY-PRODUCTS ~ ANDY POOR PAY E* ‘ —_——>— {eContintied From Third Page.) ny Lttitihetetetorl SEESSESS @ The average grade of fluid as the producer within the 160. “Yt ‘dese proteced, 3 2 Downtown Retail Bargain Store Don’t Miss This Opportunity! 5,000 Redyed, U. S. Army OVERCOATS ' Black 1 $9.75 fi Every Coat Guaranteed or Money Cheerfully Refunded | Mail Orders Filled on Receipt of Money Order Store Open 9 A. M. to 5.30 P. M. RETAIL Telephone Spring 3143 WHOLESALE ERCHANTS’ CLEARING HOUSE OF AMERICA trees mile gone of New York for the year The “SPRINGZPRINCE each bottl ut-| this State point to a significant state of affairs: as : York State during 1918. These figures speak for themselves and show how the constant encroachment by by- Product concerns on the milk pro- duction of the State has practically kept the fluid milk from the consumer at @ low price beoaune of the more profitable Business of making the by- products. NEW YORK MILK PRODUCTS SENT OVERSEAS. So far afield from New York are these industries reaching out that con. densed milk and other such by-prod. ucts are taken from the milk produc- tion of this State and sent to China jand South American countries. Car, loade of butter are being daily sent overseas. Until some legal system is devised that places a legal check on the by- product concerns prices of fluid milk to the consumer, as well as prices of by-products, will continue to be high. Especially sAwhen the product: permitted to be sent from this “SYRUP OF FIGS” CHILD'S LAXATIVE Look at tongue! Remove pol- gons from little stomach, liver and bowels 3 a0 a9 387 Accept “California” Syrup of Figs only—look for the name Californfa on the kage, then you are sure a wing the best and most armless laxative or physic for the little stomach, liver and bowels. Chil- dren love its delicious fruity taste. Fall directions for child's dose on Give it without fear. You must sa; Ad iy ae Ing Of all the by-products the sweetened condensed milk has the largest sale \ Of all milk produced tn| The amount of liquid used in making CONDBNBED, EVAPORATED. this State, 2,095,531,195 pounds were|the condensed milk last year was h manufactured jnto by-products, 177 pounds, which is approxi- mately half the number of pounds against 1,09),023,855 pounds of fluid) which the consuming public obtained milk consumed in the cities of New| in fluid milk This points to the fact that people, unwhle to obtain sufficient fluid milk at a low price, are practically forced by neceanity to use condensed milk. So constantly and increasingly is the milk production of this State be- ing utilized for by-products that in this greatest of all milk~producing States we are gradually going out to other States in order to get sufficient fluid milk for the consumers of this city. This naturally increases the price of milk to the consumer. | The quantity of milk produced by each cow has about doubled in fifty years. Instead of this making avail- able more milk at a lower price to the consumer, it has acted reversely. The census shows that is manufactured or received shipment in the State, divided as fol- lows: 630 cheese factories, 136 butter and cheese factdries, 8 cream and dered milk plants, 213 creameries, | 9 sondenseries, 6 tions and condensery plants. AN EVENING WORLD WARNING) OF LAST JULY. During July the following statement eared : “The tendency of the milk corpo- rations is to force an even supply all the year around and with very little fluctuation in price: thrown into the market at a low pr ho of children getting | is withheld from | red in great tanks in one of the largest corpo: Bordens, is highly interesting. where these great storage tanks for condensed milk are located, and the equivalent in pounds of fluid milk that is stored there. The large pro- portions of this storage business aro readily seen when these twenty fac- tories have a storage capacity aggre- gating 36,000,000 pounds of fluid milk. ui ands af cid mt. ' 464-466 LS Fulton | Street ———e—eeeeEEeEeeEeEeEeEeEeEeeeEeEeEeEeEeEeEeEeEeEeEereeeeeeeeeeee Pe a ak eee A Established 1863 (464-466 ‘Fulton. Street Brooklyn save money buying now. Young Men’s Suits 30 « Snappy double and single- breasted form-fitting models; singles breasted styles in the popular skirted models—with or with- out belts. Newest fabrics and patterns. Overcoats Stylish single and double-breasted form-fitting, dressy models; as well as the popular “Ulsterettes.” Solid color cloths, fancy $30 « mixtures and checks, For Boys Knickerbocker tt CREDIT Why plunk down the greater part of your pay at one time or why wait till you save the ‘price when.you can get just as good styles, every bit as good selection and just as good values here, paying only a small amount down. MEN---Take Advantage of Our Present ECONOMY PRICES It is.a well known fact that prices of men’s clothing are sure to advance. Prudence would dictate immediate selection, for you actually ORLD, FRIDAY, NOVEMBER 7 ‘The intest figuree from the De-| with {ts ready market, to foreign trof the Muid milk that oes to. the " parte consumer, but they control the cann Lemyige- vids: Pichler ell veep acd he milk that goes to the consumer, and, as it stands to-day, they decide how much they will give to the public in fluid milk and how much they will put into and the ton are in separate parts, ‘This can be readily seen by a study | & of some of the earnings of these by- product concerns, The Borden Milk Company earned approximately $15 a share last year on its $21,868,100 common stock. ‘This was ‘after deduction taxes, depreciation and a 6 per cent. dividend ing to $7, That is to say that 8 per 7 on the the disbursement was earned nearly. pr ferred dividends. This representes the combined earn- there are ing# of the Borden Condensed Milk more than 1,742 places where milk Company and its subsidiary, the Bor- for den Farm Products Company. after ALL DIVIDENDS PAID BY ONE ‘The most milk platforms, | earned by 633 milk stations, 28 skimming sta- the business, the Borden Condensed tions and 19 combination milk sta- Milk Compan: | paid came from there. On the other hand the Borden Farm | Products Company retained in the ‘business all of the profits of. the milk distributing division, The followin, tions were ma Journal at the beginning of the year: “Borden's Farm Producta Com, products company ,500, densed Milk 1919, amount at which the tangible assets of this branch of the business were |* valued when the company was incor- porated. “Profits of Borden's Farm Products Company last year equalled about 6 per cent. on the capital stock, or a id less than 6 per cans and other by-products profits of the whole produc- not regarded as a whole, but on the shares of Borden's Condensed Milk Company ,) “Subtracting $700,000 earned by the oe woe farm products division from $3,200,000 earned by both divisions applicable to common stock, there is left $2,500,000 as the indicated earnings of the man- ufacturing end of the business, BORDEN COMPANY OWNS THIRTY-SIX PLANTS. 4 This is about $800,000 more than the dividend requirement at the present rate of & per cent. on the comn f profit on gross sa! ‘arm Products Company is only about 3 per cent. “Profits of both branches taken together have been remarkably free from fluctuation and this has been reflected in the steady dividend record of the company. 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