The Daily Dispatch: May 7, 1864., [Electronic resource], Mutual Supply.

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Mutual Supply.

--The subject of a mutual Supply Association, is being agitated in Richmond — The following letter from the general agent of the Mobile Supply Association will show how the experiment worked there:

‘ Our Association was organized in the fall of 1862, with a capital of some $20,000, which has been increased to something over $50,000. Our sales have been to consumers only, and at retail. For the quarter ending March 31st, our sales were as follows: Sundries, $225,468.51; Fresh Beef and Pork, $35,550.69. Total amount of sales for the quarter, $261,641.20. Our prices have been on an average from twenty to twenty five per cent, below the usual prices. Our enterprise is considered a success. We have been able to supply the poorer class of our citizens with provisions at greatly reduced prices, and have increased our capital with the small profits we have made. Our sales might have been increased fifty per cent had our agents been able to procure transportation for the goods they could have purchased.

’

The Daily Dispatch: May 7, 1864. Richmond Dispatch. 2 pages. by Cowardin & Hammersley. Richmond. May 7, 1864. microfilm. Ann Arbor, Mi : Proquest. 1 microfilm reel ; 35 mm.

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The Daily Dispatch: May 7, 1864., [Electronic resource]

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Mutual Supply.