Evening Republican, Volume 15, Number 9, Rensselaer, Jasper County, 11 January 1911 — Armour & Co. Sales $250,000,000 Last Year. [ARTICLE]

Armour & Co. Sales $250,000,000 Last Year.

Th© business of the great packinghouses' is highly organized, and because It presents such .a notable ex-ample-of effective organization and la of such vast extent and influence the financial reports concerning it are matters of general public interest. For this reason wide publicity was given to the report of Armour & Co. for the fiscal year ended Get, 22, 1910, and it is desirable that the significance of that report should be properly understood. The capital of the company is $20,000,000. Thero i 3 also a surplus of $73,983,313, which represents the accumulation of many years in buildings, stores, Icehouses, etc., which have been erected in all parts of the United States. This surplus, added to the capital, gives a total of $93,983,313, upon which the pet earnings Were $5,817,721, or a little more than 6 per cent. __ That, it will be seen, is not a great return on the Investment, but there is another feature of the case that deserves special comment. The total net sales amounted to $250,000,000, and the profit on this enormous business was only 2.33 per cent. This fact is not presented as a novelty, but It is certainly remarkable. It means close figuring upon a tremendous output. economy, efficiency and exact methods in every part of a complicated system, an organization without which profits would soon be turned to loss.—Chicago Record Herald.