Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-07-16
INDUSTRIAL CONDITIONS
ARE BECOMING NORMAL
|'trcngth Of Railroad and In.
dustrial Securities Shows
Optimism Prevails.
powEn MORE
deduction of Roads Incomes and In
crcns. In Transportation Costs vio-
lates Economic Law Equilibrium
OF Two Must balance.
Hy Walter II. brown.

| Written FOR the United News.l
NE" YOHk. July l5.--Sot even
trikes nor European financial prob
sFns are able 10 cheek tho return o:
prosperity industrial conditions ara
teadliy improving. and as yet have
nown but slight effects OF
he labor troubles Tho stock mur-
81 has fully discoupted the 'roup!cs
nd as usual wncn the bad urws ~
nt' begin. to discount the reStora-
ION ~ normal conditions In the
,rrngth which J, SHOWN both IN in
ustria! and railroad s,curitlis. ther.
Is optimism expressed ~: gutCk
nding 10 both 'h~ coal and raj.
I'riHoS
Nry"r,h.Ie~>. both % these strikes
re" causing son. nuNlcrg not
hr"nRh f"ar az TIC ultimate out
om" hu, b""auS" ,h"y MAJ delay
economic reaijusim"ni. Of when M.
as" driI"'Ion t. necessary pnit.
'"ih NiriH"s are under clever leader
MP ana Ia" appeals :or rub.le
! ympathy hav. been clcVcriy made.
ne genera pubIc. however Is be
Nlhnihs Z" comprehend som. basic
5hcN ~ has been fac. to face with
'eh freight rates and is SIM SUI
3erNhS Irdcr Il burden OF nigh PAS
4nhg"r ra'"s Il Is beg.unInH 10 un-
efs'hni mat these rates cacIu, ne
cHHc"d wi'hou, 4 proportlolA'n re-
uciion In 'hs cost az characterization
/ ~ NOT TO be expected :.at "a. en-.
iT. burden ~ 'ne reduction in
reight rites j. TO tsu upou tn. IN,
,"!'s hGl ii : expected thar they
hh'' take in.ir snare.
RAILROAD Wen Get Higher pny.
- ~ also understood Ly me ruh-
tina, tn. workers In ,rc sL,,
'"', "'"h a. tho reduction or
'ered ~ tn" Railway Lnbo, poa,5
r. sts!' r"ceiviug ii higher. rcIa ,bsn
~ similar work IN uutt.dA indus
H@ u has also been donors,ra,o,!
mat wages advanced nurh
"Fr' 'h"n IN" cost ~ living ana
n'' 'Hal TIA" cost 81 living has
ON" down much faster than wage,
*" "hrners arc apt TO ,hi,k r.,
'''nS %; dollars and cents .a,ho,
"'h .h purchasing power. a!,houyh
nc purchasing power o. tho r.dyr.d
'f" -'iil abou; 81 per can, aLoyn
."N"! whereas tn. cosr a.,
: - only rs per cent higher.
~" roads ar" 10 hay. mir j.,
A'oiirariIy reduced without, .
:! 'p"nH'nS reduction IN transpor.
'S'S. they cauno. c,ls,
mo .a"s cannot be So, as,dc
by labor unions or ac,s -,
;r"ss II they are violated tb.rs
be comPcrsation TO rns,orn ;,
HiIhr'um. The on. biz FAC, ira,
- ." men overlook is ,ha, /, tho no.,
'H' scales arc maintained ., .
NJ "hsre the roads suror th.y.
"' "e fewer men employed To car,
ne wages u
Coal Men Lose
IN regard 10 the coal s,,tkc ,htg
anne econonrsn Law IS worki,r
'n'1essiy. bb matter vha. ,e,,ro.
""ni "a naA DE men have al,a,Iy
N' On tho frst OF July ,hcv MAJ
zen out OF WORK three month, ana
q" loss IN wages up TO tina, i'm.
as ~" e1uiva!en; of - ,2 me-
'h reduction on two years. arre.
'ot from rhe previously prcvaIli,r
'"}' Each months delay ropr..
"nis approximately another n.- GOV,
,'"'''"n' There is no possibility OF
ne strike being settled on an ,d
a"cc over tho previous scale and
nc most that can be expected is ina,
nc former terms xiii be renewed In
6!HI!afs and cents The men would have