Arranged for Experimental Contact Committee meeting for Wednesday to pass on the new power lift for "H" tractor. CHICAGO TRIBUNE [insert: news clipping J.I. Case company, farm implement manufacturer with factories in Illi- nois, Iowa, and Wisconsin, had small- er earnings and sales in 1939 than in 1938, Leon R. Clausen, president of the company, said yesterday in his annual report. Profit fell to $352,342 from $2,422,371 in the preceding year. Sales declined about 17 per cent. Clausen said several factors besides the drop in sales volume contributed to the shrinkage in profits last year. Prices were reduced to meet compe- tition, he said, but at the same time overhead expense per unit of output increased as operating levels declined. Trend Toward Smaller Machines A tendency among farmers toward use of smaller and lower priced farm machinery has developed, Clausen said, and will affect profits of imple- ment markers. He said smaller machines and consequent lower prices reduce profit margins. Whether smaller machines will prove more profitable for the farmer than the larger sizes used in the past still is an open question, Clausen as- serted, but he said Case is recognizing the trend in its development program. The report showed the company's inventories and the stocks of dealers at the beginning of 1939 were larger than normal, necessitating a curtail- ment of production. At the end of 1939 inventories totaled $17870227, compared with $22,410,638 on Oct. 31, 1938.

Creator

• Brown, Theophilus

Language

• English

Identifier

• 1940_1_045
• MS02.01.21.045

Keyword

• diary

Year

• 1940

Date created

• 1940-01-29

Related url

•  https://digital.wpi.edu/show/zg64tq54w

Resource type

• Image

Source

• MS02.01.21.045.060

Last modified

• 2023-08-29