Evening star., 1920-11-19
URGES NO CHANGE
|NPR|CE OF STEEL
U. S. Corporation Advises
Subsidiaries to Adhere to
Base Figures.

NEW YORK. November Io--The
United States Steel Corporation an
nounced today it's decision to recon-
mend to presidents OF subsidiary com
panie5 that the present base selling
prices of all commodities continue ~
force unless and until il becomes
necessary and proper to make changes
to meet altered conditions
This action was taken. according t.
a statement issued by Chairman E.-
bert II. Gary, because of the impor-
tance of stabillZing business cond.
tions at this time. The statement
follows:
our subsidiary companies have con
slstently and uninteruptedly main
tanned the base selling prices of all
IRON and steel commodities which
We're mutually fixed by representa-
tiVes OF iron and steel interests OF
the United States and representative
cf the government on March II, 1919.
Since that time production costs
OF all manufacturers of iron and steel.
including an advance in wage rates
asgregating S51 .000.0 per year to
the Steel Corporation and larger
freight rates, have materially In
creased. Under usual circumstances
We would be justified in making ad-
d!tions to the average base prices
We think stability in business is
or highest importance. and that eyer,
man to the extent of his opportuni;l
and ability. and even at some sacr.
ice. is obligated to assist in stabiiiz-
ing and maintaining prices on a faip
and sane level. The producer. con
sumner and workman will be benehte,:
by this attitude"
Price Of Bread cut
GEEENEILLE. S. c., November Is
The retail price of the one-Duund
loaf of bread will be reduced from
l. cents TO IL cents here. according
10 announcement yesterday by ioca
bakers. who said the wholesale price
had been reduced to 10 cents.
CHICAGO. November 1s.-Prices or
canned goods will he no higher and
may be somewhat lower in the com
ing months. according to Walter II
j. Sears of Chillicothe, Ohio. presidei,
OF the National Gamers Association
Canned goods prices are at a yer.
low ebb on account of lack OF mar
kets and the necessity OF canner-
liquidating their finished product. sc-
cording to H. A. N. Daily. president
OF the National Association OF Canned
Food and Dried Fruit Brokers, who
spoke before the opening session OF
the Western Association of Canners
Government selling of surplus wa
material demoralized the canned food
industry" he said. These goods ars
nearly all absorbed now and bushes,
Is regaining its lost ground"
Two Thousand Restored.
TOLEDO, Ohio. November ls.-Two
thousand men have been put back AZ
work In the parts department Of tn.
Wtilys-Overland Automobile Com
pany. according to announcement
made here by Vice President Kilpat-
rick. in charge of production.
The announcement also carried the
statement that there has been no re-
duction. purporting to correct a rumor
that some of the men accepted 81
cents an hour, with maximum of
81 cents an hour.
The company in normal times en-
ploys about 5000 men and women. it
Is said. The entire plant was shut
down recently
SHAWNEE. Okla, November 10
Five cotton ginners operating in
Shawnee have voluntarily lowered the
price for ginning cotton 10 cents per
100 pounds. The ginners stated that
their action was taken because farm
ers have been receiving less money
for their cotton this year" The new
rate Is 30 cents per 100 pounds.
YOUNGSTOWN. Ohio, November 10.
In statement today to employees
OF the Youngstown Sheet and Tube
Company, abe largest Independent
steel company in the Youngstown dis
trict, James A. Campbell. president,
said: 1T is not likely that there will
be general reduction OF wages for
some time" The statement contin nued:
But there surely will be later on
not, however. until the cost of living
has been still further reduced"