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Midland Cooperator
Minneapolis, Hennepin County, Minnesota
What is this article about?
At the 16th annual meeting of the Lac Qui Parle Cooperative Oil Co. in Dawson, Minn., on Feb. 4, directors J. C. Hanson and Roy Lindahl were reelected. Sales totaled $148,598, the highest in history, with net earnings of $13,530, up 21% from the previous year. A 9% patronage refund was declared, bringing total refunds since 1924 to $130,446. Chief speaker was A. J. Smaby.
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Secretary J. C. Hanson and Roy Lindahl were reelected to the board of directors of the Lac Qui Parle Cooperative Oil Co. at the association's 16th annual meeting in Dawson, Minn., Feb. 4. Sales for the year totaled $148,598, highest in the co-op's history and net earnings were $13,530, a gain of $2,352, or 21 percent, in earnings. Net earnings, in fact, increased from 7.9 percent of sales to 9.1 percent, further testimony to the efficient operation of this growing cooperative, of which Louis Sandbakken is manager. A 9 percent patronage refund was declared, bringing to $130,446 the total refunds to members and patrons since the co-op was organized in 1924. Chief speaker at the meeting was A. J. Smaby, general manager of Midland Cooperative Wholesale.
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Where did it happen?
Domestic News Details
Primary Location
Dawson, Minn.
Event Date
Feb. 4
Key Persons
Outcome
sales totaled $148,598, highest in history; net earnings $13,530, gain of $2,352 or 21 percent; net earnings increased from 7.9 percent to 9.1 percent of sales; 9 percent patronage refund declared, total refunds to members and patrons since 1924: $130,446.
Event Details
Secretary J. C. Hanson and Roy Lindahl were reelected to the board of directors at the association's 16th annual meeting. Louis Sandbakken is manager. Chief speaker was A. J. Smaby, general manager of Midland Cooperative Wholesale.