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In 1933 sales were $187,600,000, net profits $2,200,000. Last year sales were $249,800,000, a record beaten only by 1929's $267,000,000. Net profits were $9,161,000.
Nipples. Not all nipples are used on babies' bottles. Iron and steel nipples for machinery and piping are tubed couplings that connect two parts. Depression had been gallingly hard for the nipple industry and for Chicago Nipple Mfg. Co. in particular. Since 1929 sales of its nipples "both chamfered and reamed" and other products have shrunk 80%. For six years the little company has fought desperately to stay in business against mounting deficits. Last week Chicago Nipple reported that despite a drop of 15% in total sales, its 1934 deficit was only $30,000 against $102,000 the year before.