The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-02-02
Many WITHOUT WORK
THROUGHOUT nation
No Material Change in Unemployment
Situation
MORE ACUTE IN FAR EAST
Financially the Month Has Been En-.
couraging, Says Reserve Board

Washington, Jan. 31.-Industrial
operations have not increased suf-
ficlently to effect material reduc-
ton in the widespread unemployment
prevalent a month ago, according to
the review of business and financial
conditions of the country for Jan
uary issued tonight by the Federal
Reserve Board.
A slight increase in the activity of
leading New England industries dur
ing the month probably has brought
measure of relief there, the review
SAID, but in the South and West the
situation has become more acute. In
the San Francisco district, prcivous-
ly slightly affected, the board re-
ported unemployment to be abnormal
ly great for this season.
Wage reductions have continued,
the board said and the curtaimcnt
has spread to sections of the coun-
try where wage rates have hitherto
been maintained at high levels. About
100000 textile mill workers i'm New
England have suffered wage cuts av-
craging % l-2 per cent the review
added, and while reductions in the
boot and shoe industry have not been
so large they have been extensive.
Textile Mills Reopen.
Unemployment in the New York
district increased by about per cent
IN January, the review said, Some
textile mills have rcopencd and there
has been greater activity in the
mems clothing industry Of Rochester,
added, but transportation com
panies dropped considerable num-
ber Of employees during the month.
Unemployment was likewise wide
spread among longshorcmcn, freight
handlers, dock workers and seamcn
while there were further reductions
in iron and steel plants, the board
added
Textile mills in the Richmond dis
trict resumed work in January, but
in the building trades and in the
ranks Of unskilled labor, the review
said, serious lack of employment
existed there.
Unemployed Increases
The number of unemployed has in
creased decidedly in the Atlanta dis
trict and idlcness has become wide
spread in the ranks Of the unskiled
In many lines wage reductions have
already been made, the board added
Prices of certain staples, notably
grains, cotton and other agricultural
products, rose early in January, the
board reported, but later in the month
declined again. Other leading COM
moditles, however. such as crude and
refined oils and bituminous coal not
greatly affected in earlier months,
were increasingly weak, and iron and
steel continued to decline
Financially the month has been en-
lcouraging, the board declared. Slack
cning in the demand for credit result
ed in a material reduction in the
total outstanding volume of circula-
ton amounting in the month to
about $50000,000 while gold holdings
increased to about $25000,00O.
In private finance, the board said
the month has been period of i'm
provcmcnt # values in most classes
Of Sccurt
Signs of Recovery
Contrastcd with further general
curtailmcnt of operations by cotton
mills i'll the North, signs Of recovery
were noted in the mills of North and
South Carolina, some Of which were
said to have resumed operations on
approximately full time. Wage reduc-
tlons in effect in Southern mills at
the end of the month were reported
as averaging about 25 per cent.
Although considerable cotton was re-
ported as still Remaining in the fields
in the southwestern district, prospects
were said to be good for saving most
OF the unplckcd crop. Increased pick
mg OF the ungathercd crop in the
Richmond district was reported, due
to slight stiifening in prices.
There was said to be "much talk"
in this district of reduced acreage for
both cotton and tnhorpn