Show SWIFT a co boston swift and co h haw prepared a reply to co ch the accusations of the federal trade ce commission in mission filled wit with h a senate on subcommittee bc ommittee on im sept inept 28 the company states that in its is as whole hole enn consideration of profits the federal trade commission fd fails to res realize lizie that the profits reported by the packers are not pro that have actually appeared in the form for of cash but are itus jameely gely book profits tied d up in 10 inventory which will on doubted ty disappear in large rose mea sure e when prices poes begin to go do down sven even if the wr lasted five fire years year longer and the drop in prices does not mic cu come not until I 1 then the loss a mil ill be jost bat sai as real for the meat and by products departments P part rt in ments em ari are subject to the 9 per par cent limitation of profits the statement continues the rate of t turnover ter turn over er is 13 approximately 3 13 times a year it must be remain remembered that part of the teer steer consists of f by arvd products et which move use sual slowly i that hat wine acme ac me of the beef is a cured and aad salted and large portions of pork products consists of cured products which inch move very slowly and that thai eve even I 1 in the sale of strictly fresh meat it takes wine time for the money to burrl to the comp company anys coffers after the actual sale is made the commission commis aion saya that the packers profit of one quarter of a cent per pound on an beef amounts to 3 5 ft a ton as an compared to only 25 est cents per ton profit PI ht on 00 coal As A a matter of fact ao an average avenge quality ton A of I 1 beef is worth at abol wholesale le at press present nt about whereas a ton of anthracite coal at tidewater u is worth only about 7 carp compare re a ta 5 profit on Is sale BRI with a 25 mot cent profit on 00 a fi 1 sale safe th the beef profit is only about per mot cent coal en 1 profit over cover 3 12 per cent 1 in 1917 swift co all filled d over orders of all ai product products with tw total t W of about wo jem iteria a large lare part of which bad to be weighed and wrapped separately w while hile coal is delivered ut in carlots or ton I 1 loia answering the charge that pack a era have agreed amoo amaitis themselves upon P d division hinsum of livestock receipts company A y my rives the maximum and thealin Alil minimum weekly percentages of cattle purchases in made during the year sept 1 1917 to sept 1 1918 M follows W mui mud ciui od pc e bauh al ua not ellow in 1 I 4 6 12 VM an m A UA deutsc laate 47 a JL jak J XU 1 e ws an u 1 ni I P W ILZ in ov iet |