OCR Text |
Show NET PROFITS DROP 1 -.Federal , . taxes 23 Final net ;5i; il; income ;5; ;Sss5 500,000 :tlM ilif 51 IriS I C9 IHtl Hfl tllli , S 5Hg S5; S rt Ss! tBll IBIi Htl tBIl I Tcjcf 1940 1941 1942 l&TW 35.0W.053 680 6.361,212 23,255000 28,150,000 knaL net profit ,,,,-. 10016 14,450,385 14,824,053 6,919,053 PIXPAGE Using Inland Steel Company totals as an example, the I chart shows how war financing and increased costs reduce net profits for industries operating under price 1 ceilings. Without new wage in-1 in-1 creases, now being asked before ; the War Labor Board by SWOC-G1U, the 1942 war taxes and known higher costs will reduce this year s net profit well below the last prewar pre-war year, 1939. |