Show PRICES HOLD UP I IN NEW BUILDINGS Chicago Launches Effort to Lower Cost of Building Building Build Build- S ing Material Chicago March one one rity-one million dollars ollars worth of or new neV building planned for this year In Chicago t 3 is b being ing held up b Of high price of at building of-building materials This information was given shen I mem members rs p-rs of th the le legislative c commission investigating In the high price of ot building material by four tour of ot the leading architects architects archi arch 1 In Chicago ChinKo toda today Chal Chalman John Dalley Dailey of Peora Ill mn made e this announcement to the building build buIld- building in ing supply dealers attending the In Investigation Investigation In- In mind and ur urged ed them hem to op co-op- crate crato In the move to 10 lower prices priceR and bring about a resumption of or building lie lio argued that thU by increasing the tho volume voi- voi unto ume of ot business the manufacturers and nd dealers alers should bo be able to reduce their p prices rices C. C P. P Wiehe Wieh secretary of the Edward Hines Ulnes Lumber company testified that I the tho price price- of or lumber had Increased 4 46 45 to 60 GO per cent In five years ye due to the increased cost of ot production and operation opera opera- I tion He submitted figures to show the tho Increased cost of or labor freight and overhead charges charce He lie labor I co cost t about 63 per cent more moro than five years a ago o and that it cost the company compan iO 0 per cent o of oC the price charged consumers ers to sell and handle tho the commodity In reply to questions Mr lr Wiehe said he did not believe c could prices be re until the cost of labor was lowet low low- et er Wages a he said sai could not be he re re- re I until tho the cost coit of living was cut 10 |