Show it is pointed out that whole sale beef prices which averaged 2143 on may alay 1 steadily dc de dined to 1472 by dee dec 1 armour and company as a result of doing business for many months on a steadily falling market report that their sales on dressed beef for the year showed a decided net loss hog bought at a high price in june bere iere verc sold at a considerable loss in october referring t to the fai high h cost cat otiis ing it is held that everybody is responsible some of the reasons why prices are hillias hi high alias as iet set forth in the year book are inflated currency scarcity of staple goods in i europe higher wages re reduced 11 ced out put due to in interrupted production tion on account of strikes arf and shorter hours price fixing by t the P government thus interfering with natural laws of supply and demand loss of life and a eolos colossal sat tion of food fuel met alsand other industrial material during the war together with a wave of unprecedented ce b buying extras extravagance acance lift hat has given every 0 opportunity port unity and encouragement encouragement toward t I 1 price boosting and remedies suggested ar the high cost of living are handiwork hardi work economical buying 1 more goods grea ter care in co ns 1 less credit lu in voluntarily agre agreeing calt ill to relinquish certain so called grocery lines lilies such suc as canned fruits vegetables ge tables grape juiced fish and condiments and to sell seif all interests in the stockyards stock yards terminals public cold storage warehouses and similar interests the company says it did so frankly and solely in deference to public opinion while maintaining I 1 that its position has been legally morally and economically and in the interest of colsum consumers ers and pro dumers the financial statement shows that although the coin companas comp pany anys s gross business amounted to 1038 exceeding all previous records with la net income of 14 the return for each dollar of sales amounting to cents net was we the smallest mal lest in the history of the organization the return on oil a capital investment of amounted to a net of percent per cent all the net profits with t alje I 1 le ax exception cep tion of 2986 1 23 paid last dividends as were reinvested in iii felic the business in accordance cord cor dance a C e gitil the usual policy of i the conT company pany |