Show MilK TRUSTS IKS GREAT GAEA IT T PROFIT II Pays 16 Per Cent Interest on Capital of Which Is Simply Good Will Wi CONCERNS BOOKS SHOW THIS Reliance In iii Price Not Justified Sim 11 lily y a n Device to Make Traffic Bear More Now New ew York Dec 29 The Investigation Into the milk mik trust by b Special Deputy Coleman was ns given added Impetus today by b a n discovery made by Marvyn Scudder the account accountant ant employed by b the state stale to go EO over aver or orthe the books boks of or the larger milk mik companies In the city Counsel Coun ol for or the Borden Condensed Mutt Milk 1 company controlling 28 20 per cent centor of or the fluid fuld milk ml trade In this city and anI the Ohio Sheffield company were engaged today peeper preparing pl ing In to meet the tho analysis of o Mr 11 cr who has placed his findings before the tho referee Mr Scudder said the books of or the Borden BOlden company showed that more mor than of or the tho capital stock represented trade marks good goed goodwill go a awi will wi which the accountant said seated nothing tangible In the way of assets On the capitalization n a 1 dividend of oC C 6 per cent was wa paid on the preferred and 10 per por cent paid on the common stock SURPLUS OF OP MILLIONS Mr r Scudder r said sid the tho books showed a a surplus of made In 10 years ear and Special Deputy A Colo Cole Coloman Coloman Coleman man Is Js preparing to ask ask the tho company that if such profits arc are made with milk mik at at S 8 cents cent a quart what justification tion ton was wa there thore in raising the price to 0 9 cents a quart Mr Scudder further showed that of or ortho the tho Sheffield Farms capital capitalization of or more than V was for good will wi etc The rho Sheffield company paid 15 per p r cent dividends last year ea and to date this year 22 per percent percent cent cant on its Is stock and Its ls surplus was nearly double the capital stock ENORMOUS PROFITS Enormous profits wore shown to have been mode matTe mae by b the Alexander Campbell Campbel Milk Ilk company at 8 cents a n quart The Campbell company supplies more V than bottles bottes of or milk every eve month to Brooklyn families and Mr r Scudder showed that the not profits profs of or ortho the tho company compan for the six months end hag In last lat June were or at the rate rte of 26 per cent on the th compans capital With the purpose of refuting the assertion that the Ohio companies com panics money selling milk mik at 8 S cents a n quart Mr 11 Scudder Scud submitted figures from the bool books of o the Borden oren company com pan showing V that during the nine months months of of this year ending 30 lost last lat the company made a clear profit on fluid fuld milk mik and cream In New York and Chicago of This sum Bum by 22 the net profits In the same branch of the business In the corresponding months of 1903 Mr Scudder showed that the net profits profs of the Sheffield company compan were sera greatly In excess In 1909 1903 over 1903 |