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Government rules curb shoe makers profit gains
The wage price commission blocks profit increases in shoe pricing, directing that any rises pass on only dollar for dollar. It may reduce recent increases to fit new limits and will monitor cattle hide price investigations to curb leather costs. Woolworth Kinney Shoes, Brown Group and Samuels Shoe divisions received modest increases between .46 and 3.59 percent.
MENTIONED IN THIS ARTICLE
Commerce Department
Commission
F. W. Woolworth & Co
Kinney Shoe
Brown Group, Inc
Brown Shoe
Samuels Shoe Manufacturing Company