The Arvada enterprise. (Arvada, Colo.) 1908-1970, 1918-08-22
HUGE PROFITS IN
j. s INDUSTRIES
Startling Facts Revealed by
Treasury Department.

treasury department.
WORST IS IN F00DsTUFFS
Prehtserins by Producers Of Common
Necessities, Bad Enough In 1915.
Was Enormously Increased In 1917
In Most Instances.
Washington, Aug. 17.-Amazing prof
fts in almost every branch of Ameri-
can industry were brought to light
when the treasury department COM
plsted it, long-awaited report on prof.
iteering.
The report covers $500 corpora
lions, the names Of which are with
held. It was prepared In response to
the Borah resolution. adopted by the
senate after President Wilson, in his
revenue address to congress on May
81. declared that there was abundant
fuel for the light" In the treasury de-
partment With regard to pronteering.
The treasury department takes the
position that It wound be q violation
Of existing law to make public the
names Of corporations and their earn
ings. The senate resolution IL not suf-
6cisnt to suspend the law; 1t would
require q Joint resolution, the treasury
department holds.
The most extraordinary proflteering
revealed BY the report was In food
stuffs. Producers Of nearly all the
common necessities Of life were shown
to have made enormously increased
profits in 1917 over 1915. although their
earnings In 1915 were In numerous
cases far above the 100 per cent mark.
Meat packers profits were shown to
have increased substantially. One
large packer made SIC. 100000 more in
1917 than In 1915.
In the iron and steel industry sensa-
tonal profits we're disclosed. In coal
and oil profits mounted to unparalleled
figures. Public utilities of virtually
every character also came In for a lib
sral share Of the increased prosperity.
Large Profits Of Diaries.
Among the dairy concerns large In
srsasss Of profits were shown. One
company with 100000 capital made
e1oe.0o0 In 1917. against $4,000 the
year before. The small dairymen
made the largest percentages Of in
creased profits. One little concern
with Q capital Of q, 400 made 81. Csc,
- compared With $4,000 for 1915.
Fruit and vegetable growing indus
0y's profits Increased considerably
ever those for 1915. although they
were fairly large for that year. One
concerns profits were 24O per cent
more for 1917 than for 1915. Concerns
with small capital showed the largest
Increases.
Wheat corn and barley growing was
not - profitable, according to the re-
turns. One concern with $4,000 cap
ital lost money.
Stock breeding showed substantially
Increased profit in nearly all tho con.
Germs listed. The industry also showed
large profits for the previous year.
One concerns profits were 255 per
ssat more In 1917 than In 1915.
4 large number Of industries listed
- "miscellaneous agricultural indus.
tdss" showed some strikingiy large
proats, beginning In 1915 and increas-
Ing rapidly In 1917.
FEED Men Gain Riches
OF 216 concerns listed under the cap
lion Bread and other baking prod
uets," pronteering Of an amazing char
acter was shown. For example, one
company capitalized at $4,000 In
creased it, profits from $4,000 In 1915
to 3l07 900 10 1917. Few Of them
showed increases Of lsss than 20 per
cent on their capital stock.
In the canning industry one COIN
pany which earned ST. per cent In
1915 earned 1.047 per cent In 1917.
Another. capitalized at $4,000. made
e247 900 In 1917. against $4,000 IN
1915. A $4,000 concern which mnde
a.. 1000 In 1915 made $4,000 In 1917.
The manufacture Of syrups. molas-
~ and glucose netted much Increased
profit. One company with $3.50. 700
capital earned $36s. 900 In 1917 against
o17s 100 In 1915. Ice cream wns IN
especially big money maker.
OF more than 800 flour. feed and
gsist mills listed only . few failed to
show largely increased profits. Ono
o7.b000 900 concern made $752.0OO in
1915 and q. 100000 In 1917.
There was general upward tss In
nest packing companies profits. Tho
largest concern listed had cnpitnl Of
o1o0. 10000. upon which !, earned $40.
100000 IN 1917. against $40, 100000 In
1915.
Startling Profits In Leather.
Leather manufacturers. including the
dealers In hides. and makers Of boots
and shoes md trunks md vnlIscs.
made profits In 1910 md 1917 that nre
startling. One shoe manufacturing
concern. with 81 .0O0. 900 cnpitnI. made
Si3 per cent In 1919. but no excess In
1917.