The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-08-13
\, +. 0F |, 1--WE ST|GAT|ON IS
ADJOURNED FOR THE WEEK
PETER s. cARAvASIoS, RESFAUh-
ArEUR, PROVES INTERESTING
WITNESS.
SUBMITS CEFOSTS COVERING
EVERY PHASE OF BUSINESS FOB
PERIOD oP THREE YEARS.
COMMISSION ALSO PROBES INTO
THE HIGH COST OF SHOES AMI
OTHER NECESSITIES.

! Completing tho taking OF testimony
I in the probe into excessive prices
. Nhrcling'S price investigating COM
, mission went into executive session yes
to-day, prepared n report with recon-
/ lmcndariunS to hc submitted TO council
; then adjourned indefinitely. 1t was an
! nounc"d that III" Committ"" would NOT
meet again this week. hut 1t was NOT
| stated that no further inquiries would
| be made.
/ Peter q. Cararasios. proprietor or the
! Eijou Dairy Launch was 0n tho stand
much Of Tn" afternoon II" submitted
! copies cf his iuri'rn" tax reports. along
I with certified accountants auditS of his
! business; for the Years 1916. 1917. 1919
and six months "f 1919. Profits varied
from SS.l"3.7" III 1917 tN $h0S.TI in l9lH
! and $3.73l.A4 during, IN" six months OF
. 1919 However Mr.. taraVaSlns had de-
| Quoted nothing for depreciation from
his 1919 fiEurns and This depreciation
averaged about $%,G4" per year.
i Total receipts If IA" restaurant for
. 1917 were $50. N"N.7o. Will" in 1918 they
+ fell To SG.4S-..". Mr.. CHravaSios
, rscrihrd this falling off I" tho war. IL"
! figures that at ia" expiration of his
i've year lease. depreciation will have
! paid for hi: uNtureS and investment.
! He estimated that H. has 5000 tied
: up in the business.
! Rut little WAS asked Of Mr.. CaravaSios
/ ae to prices II" said that costs and
! expenses were figured along with over
! head and 10 this II" n .'"d Il ten percent
! profit. He was quest Led about s"llIhg
milk at ten cents per h"ttl" and said It
! cost him more than fly" cents per bottle
10 handle the milk. In making this
! statement he figured in ice. hrcakage OF
! bottles. etc.
Mr.. Caravasios offered two suggest
| ions which nc said would lower tho cost
| Of eating in restaurants. ON" was for
the cafeteria style or eating place. The
! other that all restaurants close between
, tho hours Of five p. M. and nine n. M,
! o'clock.
Shoe Expert TestIheE.
! William j. MaCCormiCk. shoe man
| agcr Of tho Hub, was called 10 the stand
! and was asked in n general way OF tho
| shoe business. He asked that tn" com
! mittcC excuse him from detailing IN"
| Hubs business and suggested that II
! such information WAS desired the own
| crs OF the Hub store were ready 10 give
! figures from their books. hut that as nm
| cmployc ne did not feel at liberty 10
| make known these figures. The COM
mittcc agreed that he took the correct
! position
! Mr.. MaCCormick said h" had been a
! shoe man for twenty-five" years. lie
| told Of recent increases in shoe prices
and predicted further advances about
! September first. He based his prcdic-
! ton Of statements made by tanners that
! they could get no leather. He offered
| ms n solution an embargo against tn"
expectation Of leather from the United
| States. saying that English and French
syndicatcs are ovcr-hIdding American
leather buyers in the American mark
| cts and that Nm"riCa's leather is going
to Europe. Mr.. MacCormiCk said that
! Strengthening Of cattle is low and demand
! for shoes high ut this time.
He gave some interesting intorma-
ton as TO American women ana their
habits in shoe buying, saying that They
| buy according to style and must b" sat-
/ isii"d One member of tho committee
! said that the style Of women Will have
! To he changed in order to lower III" cost
+, of shoes Mr. MaC'ormiCk said he did
not believe rumors that some shoe stores
had marked up their Cntir" stocks three
| dollars per pair. II" explained replace
mcnt values on odd lots Of shoes. Two
| business men members Of the committee
! agreed with him that every business has
it's replacement values, while others
! didn't agree.