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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 07, 1919
Page
3
Washington reports that the Federal Trade Commission says high shoe prices stem from excessive profits across the industry. Packers are accused of pyramiding prices by raising hide costs, which they are said to control.
A 1914 to 1918 inquiry finds tanners and shoe makers earning unwarranted profits and retailers charging inflated prices. It notes high returns on investment in tanning and shoe sectors, and calls for stricter anti monopoly enforcement and pricing transparency to relieve consumers.
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