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FoR MR . . KEMPNER
SUBJEcky Sugar Land Cot
INTER-OFFICE LETTER
DATE NOVEMBER 16, 1960
rpanies
WRITE ON BUT ONE SUBJECT
ON THIS SHEET
TO BE USED BY ALL OFFICERS OR DEPARTMENT
HEADS FOR INTER-OFFICE CORRESPONDENCE
Dear Mr. Kempner:
The following is a summary of results of operations of
our several companies for the first ten months of 1959 and
1960:
1/1 to 10/31/60
-L 1 J i 1/1-to 1/...%i
NET PROFIT - (LOSS)
Belknap Realty Company
Sugarland Motor Company
Sugar Land Telephone Co.
Foster Farms, Inc.
Residential Venice, Inc.
Sugar Land Truck Lines, Inc.
Sugarland Industries, Inc.
Liquor and Beer
Abnormal Items:
Less profit on sale of land to
Riverbend
Less profit on sale of houses
Less loss on certified
cottonseed operations
Less profit on certified
cottonseed operations
NET PROFIT FROM ORDINARY
OPERATIONS
$ 4,487
19,610
38,536
-0-
(27,778)
8,455
2,052
11,754
$57, 116
-0-
5,627
7,590
-0-
$67,153
26,164
19,816
-0-
(39,062)
-0-
398,352
12 065
285,108
43,025
-0-
$96, 145
Because of the poor showing of the Industries,
reversed the estimated income tax liability of
appeared on the September 30, statement.
we have
$11,500 which
Any questions you may have concerning this report will be
gladly answered.
'der truly yours,
G. A. Stirl
GAS:vp
cc: Mr. Harris K. Weston
9-58 IM 86938
COMPANY
1/1 to 10/31/59