| Show profits of the packers there his has been a great deal ot of disappointment because the garfield report shows that the profits of 0 Us packing industry only amount to about two per cent ot of the volume of 0 business transacted there Is no doubt however that the report la in correct the census reports complied compiled by the government in 1900 before the agitation regarding the beet beef trust began throw considerable light on this question it appears from roni the census that the packing industry Is 13 conducted on a smaller margin of gross profit than any other industry in america the gross margin of 0 profit ot of flour and grist mills in illinois in the census year was nearly seven per cent on the volume ot of business the tb gross margin ot of fifty ono one wholesale slaughtering and meat packing establishments in illinois was only about one third as large or a little more than two per cent on the volume ot of bustness ne tho the millers have not been accused ot of belaz in a trust and combinations would seem beem impossible in a bustness business where there are several thousand mills in the united states oom competing actively tor for the flour trade trad but it appears that the gross profits ot of the millers are larger than the gross profits ot of the packers it may turn out that the agitation regarding the packing ng industry will show the same result as the devil found in shearing the pig all squeal and no wool Amer american toan |
