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Show oo BUSINESS ; REVERSES Many industries have suffered re . verses in the past year, and none ( have had greater reverses than, that of the meat packers. The annual etatenienti of a Dumbei of the packing companies have been made public of late disclosing a finan clal weakness. The latest report is that of Wilson & Co. of Chicago. 'showing an operating deficit of $s, I 1 462,000 In 1921 I In 1020 this company had profits of 11,600,000 and In 1919 the profits were ; $5,000,000 Though doing the same amount of I business, based on tonnage, in 1921 as i , in 1920. the company lost money the , past year. It is estimated that four of the big j I packing concerns lost a total of $77.- 817,000. Had they been other tha;i i strongly financed, they would have failed. But the period of losses seems to havr passed and from now on recover ies may be expected in not only the I packing Industry, but in all lines of J I business. |