Show Garrett Reports On Earnings The annual meeting of ot the stockholders of Garrett Freight Freight- lines Inc c. c was held at the Bannock Ban nock hotel on Friday March 6 6 i C. C A. A Garrett president reported reported reported re re- re- re ported that the net earnings per pei share of stock had Increased from Crom In 19 1937 7 to 1027 per share in 1958 1953 He stated also aiso that the company had not reached reached reach reach- ed cd Its prospectus for the past year and this was primarily because because because be be- cause of the labor up tie by t Teamsters Union during August and September Gross revenue was listed as almost a million dollars l less ss than the previous year Most of the net earnings for Cor the year were the result of ot savings obtained by purchase of equipment In 1957 equipment that required low maintenance costs in 1958 A colorful printed report was given to the stockholders showIng showing showing show show- ing the exact financial position of the company as well as pic plc- pIctures pictures tures of new equipment placed into service in 1958 and the new company terminal In Denver Colorado In conjunction with the tho PresIdents PresIdent's Presidents President's Pres Pros ident's announcement ment that a new terminal is to be constructed inthe Inthe in inthe the San Francisco area the printed report displayed a birdseye birds birds- eye view of the location In o oder order order or or- der that the stockholders might see the superior location of the new plant The report further indicated that the intercity fleet of the company travelled in excess excess ex cess of 23 million miles which would be equal to ten trips to the moon In reports leVOris from company officers of of- and directors all alt felt that 1959 would be a year for great challenges that would result In new services new terminals In Great Falls and the Bay Day area and would produce a fruitful year for tOl the stockholders Before Defore adjourning the stockholders stockholders stockholders stock stock- holders unanimously re-elected re the lie same saine board of directors as asin Jn n 1 1958 8 consisting of C. C A A. Garret Garret Gar Gab ret O. O W. W V Garrett William J J. J Wilson Norman V V. Stedtfeld Ray A. A Hendricks Wain Garrett M 1 Ca Carl J. J |