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Show ARMOURS LOSE I 31 MILLIONS Annual Report, However, Declares There Is Every Reason to Look Forward CHICAGO -Tan 18. Armour : r-ompanv lost 181,708.817.82 last year, according to the annual ie.,ort. read to "the stockholders today by J 'k -.ien irmour The n.i Income in 1920 -was $5,31 9 975.44, ciuallng 2 per cent on the net capital Investment. During 19 21 total sales were ap-ofoxlrnaieh ap-ofoxlrnaieh $ i". o o 0 1 o , 0 0 0 a, corn;.ar.-d ,clth 1900,000,000 in 1920 The tonnage ton-nage output In 1921, however wax onlv 7 nor rent lnss tliail 1880, the largest, part of the $300,000,000. decrease de-crease in business being attributed to I lower prlcel Dividends on the pieforrod itock at I the rate of 7 per cnt were paid during dur-ing 19.11 dofplte t lir- hflim' losses sus-Italned sus-Italned 18,848.978.40 being ken from 'the surplus fund for this purpose, "but Iconditii.n- at this time do not warrant I further dlvidenda on the common i stock." Mr . Armour mud "With lossee completely written off land with inventories at current market mar-ket values, there is every reason for I looking forward to better times," Mr. Armour told th.i Mtockholdore. |