The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1901-01-08
BIG CORPORATIONS REPORT
THE SWIFT & CO.'S ANNUAL
MEETING.

AHE SWlFT 81 CO.'S ANNU4L
MEETING.
Its Prosperity as Shown by the INN enss
Business of the Year Past of This Vast
Concern--New Haven Has n Large In
terest in the Stock,
The annual meeting of Swift & Co.,
of Chicago, was held January Sd and
the reports showed the company to be
In most prosperous condition. e.
Henry Barnes, of this city, of the firm
OF Sperry & Barnes, who holds a large
interest in the stock of the company,
was present by special invitation to
represent the extensive interests in the
stock of the corporation held in New
Haven and vicinity and to represent
Herbert Barnes, of this city, director
OF the company, whose illness prevent
ed his attendance. The election for
members Of the board Of directors re-
suited in the choice of the following:
G. F. Swift, John H. Redfeld, e. C.
Swift, Herbert Barnes, Louis F. Swift,
L. A. Carton and Edward f. Swift.
The report of the president Of the
company made at the annual meeting
of the stockholders is one of unusual
interest and is as follows in full:
TO the Stockholders of Swift & Co.,
Assembled at the Annual Meeting,
January Bird. 1901:
/ am glad to greet you upon this &C.
casion and to make a few remarks
concerning the business of your COM
pany during the last year Of the nine
teenth century.
Our business, as in previous years,
shows an increase and we find our
selves to-day in stronger position
than ever before.
Our trade in the provision depart
ment, consisting principally of hog pro-
ducts, has shown an increase at prices
ruling somewhat higher than the pre-
vious year.
During the year 1900 we have loaded
115,S49 carloads of products equal to,
say, fifteen trains per day, of twenty
five cars each, and our purchases of
live stock have been larger than ever
before.
In accordance with our policy, we
have given special attention to the care
of our manufacturing plants, endeavor-
ing to keep them in the best possible
condition, and in making such ADDITIONS
and Improvements as appeared to be
necessary for the proper conduct of our
Increasing business.
Since our last annual meeting we
have practically completed the new
power plant at Union Stock Yards, Chi
rago, which was mentioned at the last
annual meeting. 1t is not yet fully in
operation but will be within the next
few weeks, and we expect from now ON
to reap large benefit therefrom.
Our soap department has grown rap
adly. We have just moved into our
new factory, which is a six-story build
ing of freproof materials, 1898 wide by
24110 IL long, containing 1925 acres OF
floor space. 1t has daily capacity of
100000 pounds of soap. We have dis
continued the Wool Soap factory on
Huron street. consolidating at the new
works, and expect to be able to do
large, and we hope, a profitable busl-
ness in this line, which is compare
lively new to us.
Our business at our more recently
established plants at st. Joseph and
st Paul has shown satisfactory in
crease; the results have justified our
course in extending our operations at
these places. At st. Louis we found
our business increasing SO rapidly that
we were compelled to add new pork
warehouse building. This building is
1852 wide by 1921 long, six stories
high. and contains APIS acres Of floor
space. We have built it in such man
ner that we can when we wish, ADD
two additional stories and use the same
for the chilling Of hogs. The pork bus
mess at ST. Louis as well as other
houses has expanded quite rapidly and
the class of hogs to be had in that mar
ket is very desirable.
We have found 1t advisable also to
build a mixed fertilizer plant at our
East st. Louis works We have erected
a plant that has a daily capacity of one
hundred tons 1t covers ground
epace of 152 feet wide by 357 feet long
and is we'll equipped with modern ma
chinery and railroad facilities to enable
shipments of as high as fifty carloads
of finished goods per day in the ship
ming season. We expect by means of
these works to realize higher prices
from our fertilizer products from the
@e'
n1ants: st. Louis being an excellent dis
tributing center for products of these
points.
Our trade at our southern fertilizer
plant at Atlanta, Ga, has justified our
expectations and we expect to do con-
siderable larger business there during |
the coming year than during the year
just passed.
Having become convinced of the ne
cessity of securing the trade in the city |
of New York, which requires beef |
killed according to the Jewish rite, we
have leased from the Eastman COM
many, their Abattoir situated at Fifty
ninth street and North River, and have
been operating the same since May last.
Our business there has been satisfac-
tory.
We purchased during the summer of |
1900 the property of the Chicago Pack
ing and Provision company, lying east |
of Packers avenue and north and south
of Exchange avenue. This property
being adjacent to our previous hold
ings. is peculiarly adapted for our pur-
noses and we consider the same an ex-
cellent investment.
A. own nv tha stock register of