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Show SAYS 'TASTIDIOU8 TASTE" KEEPING UP SHOE PRICES Fastidious distort of the public arc in part reeMinsible for present high shoe price, William MeAdoo, Jr., of New York, ne prttnidcnt of a big lent her roiiipituy, declared last Friday Fri-day before tho bcnuto committee in-vtwt'KHliiig in-vtwt'KHliiig shoe prices. Ho denied that Ids company was making exhor-bitiint exhor-bitiint profits, but said its profita in 1010 were .1U,U88,I81. tompared with 1,87(1,023 in 11)11. MeAdoo said that beenuso of "it marked dcclino" in the demand of shoe manufacturer for leather his company had reduced production 10 to 12 per rent during the past three weeks, but added that no further reductions were anticipated anticipat-ed if transput tation mid tinanoiul conditions became more nearly normal. nor-mal. The withe agreed with Senator Sen-ator MoXnry, republican of Oregon, that if leather dealer mid other connected con-nected with tho shoe trado had been content to adept smaller profits shoe price would now be lower. |
