Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-12

As I remarked before, this bank has
had the best year 1t has known in many
years. And I might add. we are al
ways ready for foreign business. But we
want to know the people at the other
side Of the ocean,"
Department store business ranges
from good to fairly good. Some few
concerns that were loaded up with last
years stocks are understood to have had
to make>heayy sacrifices when the slump
came. but on the whole the large msr-
chandisers here got through fully as well
as those elsewhere and most Of them are
likely to have profits enough from this
years Gales to offset, or nearly Offset, the
losses Of 1920.
UNION LABOR
POWERFUL
Ono of the bad features in San Fran
cisco for many years has been in connec-
ton with labor. The city has been union
ridden. Nowhere have the union lead
ers been 80 powerful and so shOrtsighted.
II those well qualified to Judge are cor
rect the attitude Of union labor has hurt
San Francisco greatly in its competition
with the other cities on the Pacific coast.
Building costs here are said to be higher
than In any other large city OF the coun-
try and labor rows more frequently. or
late there has been determined effort
by an earnest body Of men to break the
dominance of the unions and they have
made headway> They have been favored,
of course, by the great amount or upem-
pIoyment throughout the country and by
public sentiment. In the time of largest
unemployment there was building
trades strike here that not only paralyzed
operations for four or five months, but
forced many lumber mills to close.
GOLD MINING NO
LONGER PROFITABLE.
An industry hurt in war period and
after was gold mining. The value OF
gold doesn't change, but everything else
went Up while the yellow metal remained
at S2O67 pure per ounce. When prices
got SO high for powder, mine machinery
and labor that gold no longer could be
produced at q profit, except in An excep-
ttonally rich field, production stopped.
Now tools and machinery, wire rope ana
wages. powder and equipment generaIly
are nearly back to normal ana wages
also are coming down. The closing OF
the copper mines helped the gold mines
Labor wouldn't accept reduced wages al
the copper mines, but the copper men are
entering the gold fields and taking wages
os low or lower than they rejected at
their old jobs.
A good deal Of structural steel was
dnmped in San Francisco by Belgian and
German steel concerns early this year at
prices below those at which American
stssl companies lay their stuff down here
This movement seems to have stopped
From all accounts there is need Of CON
stderab BILE steel In this territory If labor
difficulties are adjusted
There is opportunity on the Pscffls
coast for the development of a consider
able industry In sardine packing Il
docs not seem to have attracted tho at
tention il deserves The sardine Of the
Atlantic seaboard is not really sardsns
The real thing Is here on the Pacific II
Is Just as good Il not better than the
famous sardine Of France But it has to
be put up in real olive OIL not in cotton
seed oil or some blends Of OILS. Most OF
the Atlantic coast @sardines" sold as
sardines are smelts.