The diamond drill., 1919-08-23

And now let us see who "got away
with IT,"
Take food, to<begin with.
Profits Profits
Food Concerns Before 1916 Last Year
Armour & Co. --- s4,74s,632 sl5.247S3s
Morris a. Co.. 1.5SS.7s9 4.217,S5s
Swift 4 Co., 7,s79.167 21.156.277
United Fruit Co. 4.s7S.o43 l4.094.0 .047
Wilson a. Co.. 1,344,s26 7,G31,535
Corn Prod. Ref Co. 2.0i6.7s1 S,652, ,401
cub.-Am. Sugar Co. 409,9SS 4,227. .202
And Manly insists profits are even
higher In 1919!
Is your shoe bill too high? Then
read:
Am. Hide a Leather Co. before 1916
was satisfied with a profit OF s334.1s
year. In 1918 II cleared s12.40S.199.
The Brown Shoe Co, one OF the larg-
est makers OF shoes, jumped its pro-
fits from s10.463 in 1916 10 $1.33S. 1856
last year. The Central Leather Co,
went from s3,472.So4 to s6.476,4s4.
Ice high?
The American Ice Co. increased its
net profit so percent.
How about fuel? They say coal
prices Will be higher this winter.
,, Profits Profits
Coal Concerns Before 1916 For 1918
Pitts. Coal Co. SCOT 1856 s7.167,374
Va. Iron a. Coal (Dehcit) 1920, ,191s
Col. Fuel a. Iron 1,596,031 2,732,04
And one oil concern, the Texas Co..
Increased its net profit from s3.S56. .667
to $40. 0.640.991. And the group of stand
ard Oil companies nearly doubled their
already large profits
Iron and steel are basic price mark |
ers. Building and many manufacture
ing operations go up and down with
steel
Iron and steel Before 1916 In 1918
Am. Car & F'd. Co.S3.476.53S $i1. 1.2S1, ,742
Beth. Steel Co. 3.O75,1OS 10000. 900
Steel Co. 3,629.467 13,S12.12S
Steel 1.2S2,5OO S,34S.354
Z. S. Steel Cor. 63,5S5.777 125,31S,36S
How about clothing prices? High?
A Cleveland (Ohio) concern making
mems clothing advertises its stock for
sale with this statement.
"Tbe minimum capacity OF our plant
will De 600 new suits per week, or
II 200 suits per year. at an average
,roft OF So per suit which Is small
,rofit compared 10 what the real pro-
It's are) will net 1856, 900, which will
nable the company to pay a dividend
i IA per cent upon It's preferred stock
md enormous dividends upon it com
These profits are made in
ne clothing industry"
IL is these IA percent dividends"
N preferred stock and the enormous"
liyidends on common stock which
make the profits in the clothing busi-
less so difficult for the average man
o purchase new suit Of clothes
In one American city seven mem
,ers OF milk producers association
we're indicted for conspiracy In boost
ng milk prices. Ii was charged that
,hese farmers had combined to get
higher wholesale prices for their pro-
iuct They sold their milk TO large
distributing company concern prac-
ically monopolizing the milk distrib-
ition in a city of 100000 The dis
concern was not indicted.
And yet these are the figures In the
,ase:
When the Wholesale price OF milk
was is cents a gallon 10 the distribu-
.or the consumer was charged s cents
! quart When the farmers cut to 4
cents a quart wholesale, the consumer
paid his s cents Just the same, and
later the farmers were paid So cents
1 quart, but the consumer paid 8.
When the farmers got cents quart
he city distributor increased his price
TO 10 cents. When the wholesale
price reached s cents the consumer
had to pay IA cents the quart. When
The Wholesale price went up SA cents.
The consumer was charged is cents.
And now the farmers are asking 9i4
cents and the distributing concern
says IL Will raise the price TO consum-
ars TO IL cents.
The farmers have been indicted for
selling milk at SA cents while at the
same time the distributor has not been
for reselling the same milk
AZ 10 cents Hancock Evening Jour
nal