Show I HARVESTER HART CLEANS UP EUROPEAN LOSSES Chicago May Maj S. S The S.-The The Harvester company's com corn pany's party's annual report for 1919 made public t today 0 a shows Sows total ales oC of ot l somewhat larger than 1918 1918 while net nel profits prots were somewhat less than last year ear Before deducting deduct deduct- ing war losses in Europe charged to 1919 earnings the percentage e of ot earnings to capital Invested is 91 per percent percent percent cent after aCtor ator deduction C G per cent cent This comparatively satisfactory showing is attributed to tho the agrIcultural agricultural agricultural tural prosperity of or tho the United States and Canada which offset In some de degree degree degroe de- de gree groe serious obstacles to European trade and nI unsettled manufacturing conditions at home Unusually good collections in those thos countries and re reductions re- re In Inventories permitted tho the company to anticipate payment of 10 O O of or obligations maturing 0 In maturing 1921 The only liabilities shown by the balance sheet are for current accounts payable payable European Europen war war- losses have hae now been completely written off oft out of or res reserves established for tor that purpose and from current earnings during during tho the last five vo years ye The only Investment in Russia Rus Rus- cia sia and Germany G Germay now nO stand standing InS on tho the books consists of or tho the plants and In Inventories Inventories In- In of the factories In those countries valued value at Late advices state that the tho plant near Moscow Moscow Moscow Mos Mos- cow Is still in operation and Is one of ot tho the few tew Important concerns in Russia Russia Rus Rue sia sla that have havo not not been nationalized Tho The factory near Lille Lle France Jance has hs be been n re equipped after being disman tied te tary y during turnS occupancy four years of oC German ml- ml mill mill- I |