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Increased Price of Bread in D.C.; Hearing Before a Subcommittee... on S. Res. 358

Increased Price of Bread in D.C.; Hearing Before a Subcommittee... on S. Res. 358


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 Excerpt: ...Some of this information that you have asked for I haven't given yet. It was requested that we furnish figures showing bread products for the year before the war, which are as follows: From July 1, 1913, up to and including July 20, 1914--you understand why we do not end at the end of a month; we end our books in four-week periods--bread profits were $71,902.78 on sales of $842,625.57, or 8.53 per cent on sales. That was the year before the war. Chairman Ball. Your percentage on sales is about the same as it was in 1919? Mr. Peters. I think it was. Senator Capper. How much were you allowing for salaries then? Mr. Peters. The same thing. You mean executive salary? Senator Capper. Yes. Mr. Peters. Yes; the same thing. It was also requested that we furnish figures showing our cake profits for the year 1919, to bring the report which we submitted last year up to date. Our cake sales in 1919 were $640,972.60, on which the profit was $51,601.15. Chairman Ball. What does that make your total profit? Mr. Peters. Comparing that with 1918 our caxe sales were $417,822.74, on which the profit was $114,010.52. That shows an increase in 1919 in sales of $223,000 znd a decrease in profits of $62,000. Senator Capper. How do vou account for that decrease? 36 Mr. Peters. The increases that occurred in costs of materials and labor and supplies, and not a corresponding increase in price. Senator Capper. I see your report shows that your profit--that is the volume--your total profits increased on bread during that period? Mr. Peters. In dollars and cents. Senator Capper. In dollars and cents. Now, why should there be such a large decrease in your profits on cakes? Mr. Peters. We did not increase the price on cakes to keep up with the increase in the cost. Senator Capper. But th...


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Product Details
  • ISBN-13: 9781130354478
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1130354474
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 73 gr


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