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Home My WebLink AboutThe Exeter Times-Advocate, 1977-11-24, Page 18ANNUAL MEETING FOR CO-OP — The annual meeting of the Exeter District Co-Operative was held Tues- day night. Above, manager Jack Schell chats with UCO Southwestern manager Bill Dyell, Bob Down who was re-elected as zone 7 director, Tuesday and local president Lorne Ballantyne. T-A photo Up $106,000 Co-op sales near $3 million 220—w/Free Mower $1850 222—w/Free Mower $2000 444—w/Free Mower $2250 Financing Available Harvest big savings during our "End of Season Sale" look at these prices! Case Compacts are famous for their smooth hydrau- lic drive and quick change "Snapfast" attachment system. They're both Case Exclusives. Buy now for tall and winter chores and you'll be all set for the next mowing season. See us today for a test drive. C G FARM SUPPLY LTD. E1 RR 3, ZURICH, Ont. EEO actors EguipmeM rtj 44:4 4 = Yogi/ Find A Great Selection of Farm Machinery Toys Here! • TRUCKS • TRACTORS • BACKHOES • EQUIPMENT Built To Scale with Working Parts . . . Just Like The Big Ones Dad Drives Starting In December ... We Will Be CLOSED SATURDAY MORNINGS EXETER FORD Equipment' Sales Ltd. Thames Road East Phone 235-2200 Electric Graswip® Quilt-lined work parka $2 1 95 bich We Have A Full Line Of CO-OP FEATURE VALUE Deluxe nylon parka Warm nylon parka with matching Sherpa-like pile body lining and quilted sleeve lining. Has storm cuffs and dome flap closing over front zipper. Detachable draw- string hood. Blue Sizes S,M,L,XL 546-907 • issirg gaiviessit Hjgh-speed rotating nylon cord mows, cuts, trims grass and weeds any- where. Lightweight, ba- lanced. 591-002 Super "fardMaster' 14" gas chainsaw Cuts trees up to 28" thick. 1,9 cubic inch engine with chrome-plated cylinder. Automatic chain oiling. Hi- impact nylon glass-filled iliik-Afor4 WORK BOOTS Regular And Insulated 110?9 housing won't rust, chip, crack or peel. Low-tone spark arresting muffler. 524-055 Green nylon parka with raglan sleeve design for freedom of movement. Quilt lined throughout, Storm cuffs, detacha- ble hood. 2 heavy slash pockets. S, M, L, XL 546-906 CO-OP FEATURE VALUE Quilted vest Give Dad. this Fortrelo polyester-filled vest to take the chill off outdoor work, Has knit collar and side inserts. Extra long back for kidney protection, Black. Sizes S,M,L,XL. 546-910 Power lantern Includes 9 sockets from 7/16" to /5/16" plus ratchet, extension bar and box. 550-149 Ideal for sportsmen, cam- pers, motorists. Bright Yellow lantern is highly visible. 6 volt battery included. 575-286 CO•OP Now available in CO-OP BEEF SUPPLEMENTS - •-• • Your CO-OP believes that Rumensin® may be one of the most important advances ever Made in beef cattle efficiency. Results have shown a saving of as much as a pound of feed for every pound of gain your feed lot produces. Cattle on Rumensin® eat less, and need less, to produce the gains you want, Rumensin® requires no withdrawal. It is not a hormone. It improves rumen digestion so cattle get more energy from the ration. It works in all types of rations for both steers and heifers. Ask at your local CO-OP about the new CO-OP Beef Supplements with Rumensin®. • Rumensin can save you an average of 1 pound of feed for every pound of gain. HENSALL DISTRICT CO-OP- Zurich Hensall Eirucefield PHONE 262-3002 4.4 Page. 1.4 November 24, 1977 See our selection of KRAFTS including Macrame and paint yourself Krafts. BUTLER'S s Det. tore 'N.. 397 Main St., Exeter } RENK SEED CORN Is now being sold in this area. Renk provides 100% replanting, agreement R-K-1 single cross, 85 day, very good standability. R-95 3 way • won high yield contest in Ox- , ford County in 1975 and 1976, R-92 - licenced last year for Ontario in one year test - was 11 bushel higher yield than second highest yielder. Your Renk Dealer is Leonard Lovell 262-6418 Keith Lovell 262-5618 Proper storage very important Improper storage of farm machinery over the winter can result in costly deterioration of parts, says John Kessler, secretary-manager, Farm Machinery Board of Ontario. "Proper storage of machinery is important, especially when the cost of equipment is as high as it is." Leaving a tractor, combine, or any machinery in storage over the winter months, without proper preparation, can result in unnecessary expense to farmers. Improper storage can cause deterioration to chains, bearings, drivebelts, batteries, shafts, and rings. Leaves, husks, chaff, and dust left inside the equipment over the winter hold moisture and promote rusting of shafts, bearings, and sheet metal if they are not cleaned out. During the cleaning process, Mr. Kessler says it is advisable to check the machine for worn parts. Mr. Kessler said farmers should check their owner's manuals or contact equipment dealers to obtain specific in- formation on winter storage for their particular equipment, Business of the Exeter District Co-Operative continues to in- crease each year, At Tuesday's annual meeting held at the Kirkton-Woodham Community Centre shareholders learned sales had increased during 1977 to $2,835,074. This is an increase of about $106,000 from the previous year. Net profits were also on the rise. For the year ending August 31, 1977 they were $105,165, compared to $103,906 for 1976. The largest increase in gross sales came from Elevator revenue which was up by $25,000. President of the board of directors Lorne Ballantyne said the major capital expenditure during the year was made on the elevator. The dumping pit and dryer were renovated to speed up wheat and corn handling. An additional 50,000 bushel grain tank was purchased to be erected for corn harvest. Some dry fertilizer equipment was also bought. This spring the new practicator for applying nitrogen was used on approximately 7,000 acres of wheat and corn. Ballantyne said accounts receivable `continue to increase each year and suggested some attention should be given to the credit policy of the Co-Op. The Co-Operative has corn- Advertising... a showcase for intelligent shopping. CANADIAN ADVERTISING ADVISORY BOARD JIM S1DDALL & SON LICENSED & INSURED TRUCKER • LIVESTOCK • GRAIN • FERTILIZER • FARM SUPPLIES KIRKTON 229-6439 Down again on board huSiness around and show higher hope next year that UCO can turn earnings despite our present economic conditions," Tuesday's banquet were Dorothy Elford, Doris Swartz, Elmore McBride and Walter McBride. Entertainment was provided by vocalist Lori Noyes of Lucan. She was accompanied on the piano by Beulah Hardy. Catering was taken care of by the Elim- ville Women's Institute. BALLOON LAUNCH Come And Help Us LAUNCH 250 BALLOONS 9:45 Sunday Morning A.M. Victoria And Main St. Exeter mitted to purchase a steel bin for a total cost of $45,774 of which $28,843 had been expended by August 31 of this year. During 1977, business by Co-Op members accounted for 77.4 percent of total sales. Local Co-Op manager Jack Schell said the new elevator improved service, cut down on waiting time to unload and allowed more bushels to be handled in a shorter time. On the prospects for 1978, Schell said he hoped fertilizer prices would remain about the same although he heard rumours of increases in the cost of nitrogen and super phosphate. He indicated alfalfa and clover seed would be up slightly but timothy may be higher by as much as 50 percent. Secretary Jim Dougall reported directors have authorized a three percent patronage dividend and a three cents per bushel rebate on all grain purchased. In reply to a question from Lloyd Morgan asking if the higher sales were due to higher prices, manager Schell replied, "this may have had some effect on total sales, but, we were up in petroleum gallonage and in tons of fertilizer and feeds sold." The three directors whose terms of office had expired were returned by acclamation. They are secretary Jim Dougalt, Stan Francis and Eric Kints, The other directors are president Lloyd Ballantyne, vice-president Jack Blair, Jim Morlock, John Oke, Elson Lynn and Gerald McBride.Southwestern UCO manager Bill Dyell and Tim Work representing the auditing firm of G. H. Ward and Partners presented the financial statement. The auditor told the banquet audience, "you should be proud to maintain the same rate of savings. It will be a challenge for the future to keep this up under present economic conditions. Winners in a lucky draw at 'Osborne township farmer Bob Down was re-elected Tuesday as a director for zone 7 for the United Co-Operatives of Ontario. Down who has represented the zone for the past three years was named for a second similar term, He defeated Harold Schmidt of Baden in the election at Strat- ford, At Tuesday's annual meeting of; . the Exeter Co-Op, DoWn reported on the 1976-77 UCO business year,' He said. "the UCO year wasn't as rosy as Exeter's. Total sales hit a new high of $305 million, but, what disappoints us is a drop in savings from $6 million last year to a half-million dollars for We just concluded year," Down said the two main reasons for the sharp drop in profits was the volatile soyabean market and the failure of CF Industries, a United States fer- tilizer co-operative to pay patronage dividends this year. Two years ago, UCO received $4 million in patronage from the American Co-Op, but this year none was paid due to a special tax arrangement, It is expected to be resumed next year. In conclusion Down said, "we ti