Bisbee daily review., 1918-08-20

10 profiteering.
 Inc treasury department takes the position that it would be violation of existing law to make public the names CT corporations ana tne.r earnings. The senate resolution is not sufficient to suspend the law; it would require 3. joint resolution, the treasury depart ment holds.
 An 80 Per Cent Tax Jutified Members of congress wnO have ex- amined the report, regard 1t as a com plete vindicatlOn of President Wilson's s frank statement about profiteering { They also declare it affords more than ample justification for the so per cent war profits tax urged by Secretary of the Treasury McAdoO.
 The most extraordinary profiteering revealed by the the report was in food stuffs. Producers or nearly all the common necessities of life were shown to have made enormously increased profits in 1917 over 1916, although their earnings in the latter year were in numerous cases far above the lUO per cent mark. Meat packers proIils were shown to have increased sub stanually. One large packer made S19,000,0O0 more in 1917 than in 1916.
 In the iron and steel industry sensa- tiOnal profits were disclosed. In coal and oil profits mounted to unparalleled figures. Public utilities of virtually every character also came in for a lib- eral share of the increased prosperity
 Huge Mass of Figures
 The report which Is made up of a huge mass of figures and statistics is herewith presented in summarized form:
 Among the dairy concerns large in creases of profits were shown. One company with S60O,000 capital made S166,000 in 1917 against S25,OOO the year before. The small dairy men made the largest percentages of in creased profits. One little concern with capital of S2400 made S11, 1859 as compared with S4000 for 1916. Fisheries showed largely increased profits. The excess of the per cent of net income to capital stock for I9lI above the percentage for 1916 ranged all the way from zero to 164 per cent. There were very few zeros.
 Fruit and vegetable growing indus tries profits increased considerably over those of 1916, although they were fairly adequate for that year. One con cern s pronts were 24O per cent more for 1917 than for 1916. Concerns with small capitals showed the larg- est increases.
 Grain Growing Not So Profitable
 Wheat, corn and barley growing was not so profitable, according to the re- turns. 1hose that showed a percentage or increased profits usualIy showed losses for the year previous. Industries grouped as mixed farming" in New England, Middle Atlantic, Central and Southern states all made increased profits for the year. but in many cases they showed small profits or losses for 1916.
 Stock breeding showed substantially increased profits in nearly all the con cerns listed The industry also showed large profits for the previous year. One concerns profits were 255 per cent more in 1917 than in 1916.
 In list of 2S7 laundries few showed no increases, but the vast majority of them showed substantial advances over the year before. The increase or one concern was over 1000 per cent.
 Hotel Earnings Go Mp
 About 200 hotels were listed in the report. Nearly all of them showed increased earning, but in the case of the larger hotels the percentage of in- crease was not large Some Of the smaller ones had big increases. Most restaurants also showed considerable increased returns.
 The theater and moving picture business was fairly profitable Many starting on 'shoestring" reaped stag gering profits. One with $500 capita. earned S6S,0OO in 1916, but it's profits dropped down in 1917.
 The report furnishes striking evi dence to sustain charges that food dealers and manufacturers have peen helping themselves literally from the nations pOcketbook. Of PIC concerns listed under the caption Bread and Other Baking Products" profiteering of an amazing character was shown. Few of them showed increases of less than 20 per cent on their capital stock.
 In the canning industry, one cannery which earned 377 per cent in 1916, earned 1047 per cent in 1917. Of fifty
 D A-- A-As NAA1NtAf AM EAAtl- three had earnings of more than 100 per cent cn their capital Most of them, however, returned a higher in vested capital than the capital stock. The manufacture of syrups. molas- 1 ses and glucose netted much increased profit Ice cream was an especially big money maker A company with I1s l million dollars capital made S3.3I9. 900 1 profits, 74 per cent more than in 1916. 1
 Flour Mill Profits Grew
 or more than 500 flour. feed and 1 grist mills listed, only several failed . 10 show largely increased profits. One 2 F million dollar concern made S572,- | OOO in 1916 and Sl.2O0.OOO in 1917. An | other with Sl2,500 capital made SS2.- | 900 in 1917, or 345 per cent more on . its capital stock than in 1916. Cases | where profits jumped more than 100 per cent in the flour. feed and grist | milling business were too numerous ! Co mention.
 Packers Reaped Harvest
 There was a general upward rise in . most packing companies profits The . largest concern listed had a capital of