The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-06-03
- ABOR DISPUTES HOLDING
BUSINESS BACK" --BAbSON
srAr1sT1C1AN INDICATES SEVER
AL FACTORS RESPONSIBLE
FOE DELAY IN RECOVERY.
Both Profits and Wages Must 30 Cut
He SayB-More Value for Dollar.

Wellegley Hills, Mass, June 3.-kos-
! or W. Babson. the statistician. today IN
dicated several OF the factors when are
RESPONSIBLE for the slowness OF business
! recovery.
The Hoods still continue 10 troupe
tho Southwest. said Mr. Bapsoh'
"Nealy four million acres or land are
said TO be submerged. This tends u
deloy Wanting as we'll as to interfere
with transportation and genera puy
with the exception Of this flood situa-
ton and the lateness OF spring. the
! crops are coming along very well. q
NttIe scare in the case OF cotton VIII
do no harm. Scares do not affect crops
but only straighten prices and make
for business activity.
The four industries which are the
most active at the present time are 'he
building industries. railroad Equipment
public works. and automobile mahutac-
turing. They are all industries OF
fundamental nature. Not only Is uc-
velopment OF these industries giving
temporary employment but they pro-
vide permanent and productive capltal
for the country. This IS especially true
in the first three instances; building
railroad equipment and public works.
Very hopeful reports came from the
Michigan district Mines which nave not
! been opened for a year or TWO are no"
running on full time. Thousands of men
IN the mining sections are now soihs
back to Work, and the Whole Michis"ii
district looks more prosperous ~
tho the copper situation Is sun very
fat. II is ike man fiat on his back
There Is only one way he can look anu
that is upward. Michigan during the
To-, "a he,
state.
Now England Upset
The mill situation in New England Is
unset. Thousands OF people arc still
out on strikes. Altho both sides claim
decided advantages. statistics are rath-
er I'm favor Of the employers. 1t Is be-
ueyed that n cut Is inevitable, and IL Is
only a question OF what the cut VIII be.
When she mills are opened, wage reouc-
lions Will run from 10 To 20 per cent; al
tho these reductions viii do little good
unless the workers fee! right ana are
happy. As some mills reopen, they Will
reopen on nm open shop plan. altho l
believe that in many instances these
manufacturers will go back again anu
deal with the union as soon as business
becomes good and help scarce.
Wage reductions apply not only 10
the textile industries but 10 the shoe
Industries and In some cases TO the
building Industries. The Structural Iron
and Steel Workers Union in Syracuse
y. Y. have recently accepted wage
scale Of a dollar m hour for all work.
| emphasize that these labor conflicts
whichever side may be TO bIame-are
the one important factor preventing
business from coming back to normal.
Both profits and wages must De cut ana
all connected with industry from the
president Of the concern TO the othce
boy must give more service per dollar
received.
The BabSonchart index now stands
NJ IL per cent below normal as against
minus 80 per cent AZ ii was at this
time in 1921 This chart Is really
chart Of production and values. To nave
prosperity people must be at work 10
have people 1T work there must be DC,
mand for goods: ard to have n demand
for goods. people must be prosperous.
Hence. the soundness OF the Golden ku!e
and why We all-whether employers or
wopc workers-shouldbe interested IN
having the other fellow prosperous. eS
concluded the statistician." there Is
real connection between religion an"
business The sooner We realize II inc
sooner well be back to normal