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Newspaper
Sidney Telegraph
Location
Sidney, Nebraska, United States of America
Date
Apr 18, 1919
Page
5
The Skinner Packing Company plans invite livestock producers to join a broader profit stream from cattle, hogs, and sheep through a participating securities program. The group emphasizes a stable, dividend-free past with four thousand conservative investors and outlines future stock options tied to capital needs and market conditions.
The Skinner Plant showcases a complete packing house under one roof free from stockyards odor. It features sanitary fire-proof construction, vapor and gas burning systems, and a sub-basement cold storage with capacity for four million pounds of cured meats. It includes sixteen refrigerator car docks, a top loading court, bulk lard tanks, and an exterior red brick design with white terra cotta trim. Located on a forty-acre tract near Union Stock Yards, it connects to major rail lines and sewers, occupying over eleven acres of floor space.
The 1918 FTC report notes five packers combining for 96 million in total profit and Armour & Co turning 160 thousand dollars in 1867 into over 160 million today, with dividends of about 28 million drawn and no extra cash invested. It states profits often concealment in packers’ accounts and questions overall industry claims.
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