Granada Pioneer, Vol. I, No. 24

              Page 4      PIONEER      January 14, 1943
Junior   High
Co-op   Opens
   The junior high school
co-op store, featuring a
complete line of school
supplies, was officially
opened Monday at 8H-2F.
   More than 200 students
are members of the co-op,
which sold shares for 25
cents per share.
  The store is being oper-
ated by a board of directors
composed of 12 students,
each of whom represents a
class.
   Instructors Robert George
and Lafayette Noda are ad-
visers for the board of
directors.
BUDDHISTS    TO
INSTALL    OFFICERS
    Installation of YBA of-
ficers will highlight the
inaugural meeting of the
Buddhist church at 6:30
p.m. in Terry hall Sunday.
A social hour will follow
the service and installa-
tion ceremony.   Tickets
may be obtained from YBA
leaders for 10 cents each.
=LOST AND  FOUND=
FOUND:  Cash in the can-
teen by Mr. Noguchi, 7E-3F,
on Tuesday.   Owner may claim
the money at the police
department by stating the
amount. 
CHURCH SERVICES SATURDAY
Event               	Time		Rec Hall
    SEICHO NO  IYE
Service		7:00 p.m.	12G
    BUDDIST
Adult  service	2:00 p.m.	7G-12G
    CATHOLIC
Mass		7:00 a.m.		11K
    SEVENTH-DAY ADVENTIST
Sabbath school	9:00 a.m.		7G
Sermon		10:00  a.m.	7G
Short TAKES
   The following changes
in the Buddhist choir prac-
tices have been announced:
Tuesdays from 6:30 to 7:30
p.m.; Thursdays from 6:30
to 7:30 p.m., and Sundays
from 1:30 p.m.
o
    The college-age group
of the Christian church
is planning an excursion
to the Arkansas river Sun-
day.   The fee for the trip
will be a Pepsi-cola and
sandwiches.
o	
   The offices of the center
YWCA and YMCA are now lo-
cated in the 6G recreation
hall, it was announced at
the coordinating council
meeting Tuesday.   The YMCA
is planning to use a part
of its hall as a US0 center.
    Kenji Okuda, contactman
for the college council,
left the center, Jan. 11
to enter Oberlin college,
Ohio.    His vacancy has been
filled by Hideo Ihara.
o	
WANTED:   5 secretaries.
Beautiful, curvaceous, in
early twenties, with pleas-
ant personalities, and ac-
customed to Bohemians.   Ex-
perience not necessary.
See Kim Yamasaki, Art de-
partment, community enter-
prises.
o	
   Books and tools confis-
cated at Santa Anita may
be claimed at the Boy Scout
headquarters, 10E recrea-
tion hall, according to Ma-
saji Murai.   Records are
still contraband, however.
CO-OPS OF, BY, AND FOR YOU
   CASH SALES AT MARKET PRICES
  Besides the four funda-
mentals of consumer cooper-
ation that were previously
enumerated, several second-
ary principles through
experience have been found
vital for success.
   The most important of
these is the one most often
debated and modified with
fatal results.   That is,
cash sales at prevailing
market prices.
   Credit and cut-rate
prices, the antitheses of
this rule, are often the
reasons for failure of
co-ops.   Members do not
discipline their selfish-
ness nor are long-sighted
enough to resist the temp-
tation to sell on credit
or below competitive price
levels.
   This principle will be
a hot issue in relocation
centers most likely, but
it should be adhered to
for the following reasons:
1.	Credit always in-
volves some losses. These
must be made up either by
higher prices or lower div-
idends, both being bad for
the cooperative.
2.	 Credit sales cause
more bookkeeping and col-
lection expense.
3.	 More capital is re-
required to operate, and
capital bears interest.
4.	Credit business us-
ually involves the same meth-
od with wholesalers with
consequent and consistent
loss of discounts.
   So much for the dangers
of credit  business.   The
dangers of disregarding pre-
vailing market prices are
even greater.   Here's why:
1.	Actual cost at re-
tail cannot be known ac-
curately in advance.
2.	Prices    below    the
 market  level  invite price
wars which cannot be won
without large surplus re-
serves.
3.	Reserves cannot be
built to guarantee longtime
success and security.
        4 . Cut-rate prices in-
vite antagonism and break-
down of relations with suppliers,
    5.	 Cut-rate prices elim-
inate or reduce the educa-
tional fund which is needed
for the development and
continuation of the cooper-
ative movement.
   6.	 Cut-rate prices eli-
minate patronage dividends
which are the economic mo-
tive for building coopera-
tive ownership and control.
  7.	Cut-rate prices can-
not provide for proper
depreciation of equipment.
  8.	 Cut-rate prices can-
not provide the capital
needed for expansion.
-E. H. Runcorn