A. &. P. Reports

Practically everybody made more money out of the Great A. & P. last year than in earlier years, except John Hartford and his family, who own it. Washington got an extra $2,795,000 in taxes ($7,100,000, up from $4,305,000 the year before). Employes got $4,030,000 more, Eastern Division workers a five-day week.

The farmers got 53-c- out of every dollar--up from 47-c- in 1937. The public, according to the company's estimates, got its goods $50,000,000 cheaper than it could have got them under A. & P.'s 1935 methods.

On record sales of $1,115,774,000, up 21% over the year before, the company earned $18,336,600, slightly below the year before. But John Hartford was satisfied. Said he:"The decline of the profit rate is in line with the company's traditional policy of passing along [savings] to consumers, producers and employes.

. . . We have continued lowering our markup."

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