Show HEARING ON EXPRESS RATES MIES IS CONClUDED Earnings Reduced by Parcel Parce Post System Companies Companies' Counsel Claim Washington ton April I. I Express I. K companies companies com corn patties of oC th country havo been hit hard b by the operation of ot the ne new parcel parcel par par- cel eel post s system according to statements state state- ments meats submitted today to the Interstate Interstate Inter Inter- state commerce commission b by the counsel of ot the companies In their fInal fina arguments against tho the reduction In express rate rale proposed b by the commis commis- sion slon It was declared that tho the com coin have ha suffered fluttered a loss approximatinG approximating approximating mating 2 25 p per pr r cent in small package e business or about 6 per cent of ot the gross revenue ro of or the companies Walker alker D D. hines lIne asserted that for tor forthe forthe the five fhe companies he represented represented- the tho Adams Adam American United States Southern and Wells Wells-Pargo Wells Fargo Far application o of ot the proposed rates to present business bustness bust busi ness would reduce revenues about a year ear or r cents cent on ever every dollars dollar's worth orth of or business done Such a i reduction In revenues he said would be absolutely destructive II He lIe maintained also that the formula formula- made rates rate would disturb serious seriously business in large centers such as at New York antI and Chicago b bv b- forcing a re readJustment readjustment readjustment re- re adjustment of or competitive business cond con con- d I t i otis B. B J. J F Fairchild of or the New York Chamber of or Commerce for tor the express shippers attacked Mr r nines lilacs argument argument arlU ment a alt as purely purel theoretical and hypothetical hypothetical hypo hypo- and nd Insisted that the proposed rates would yield an ample amnie revenue to the tho express companies lie Ha maintained also that the present allowances made mado b by the tho express companies to tho the railroads railroads rail rail- roads for transportation on service were ere excessive |