Evening star., 1926-08-21
INDUSTRIAL WORLD
FEARS NO SLUMP
Falling Off In Number of En-
pIoyed or Wages Not Ex-
peCted This Year.
BY j. c. ROYLE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. August 21.-Dips in
employment have been merely sea
sonal this year and reports from in
dustrlal centers today indicated that
no slump in either the number en-
ployed or in wages need be feared
throughout the remainder of the
year. In only one or two lines of
industry is there pressure for lower
wage scales. On the other hand,
workers are apparently better salts
fed than for months, with full-tme
operations the rule in most institu-
tions.
This means that the buying power
Of the industrial centers is not in
danger of any immediate decrease
On the other hand, buying desire
seems to have strengthened. Even at
time which is between seasons"
for many retailers sales have kept
up we'll, although they have been sup
ported by heavy advertising and at
tractive bargains.
Advertising volume is running be-
tween and per cent higher in
daily newspapers in representative
cities than at this time last year
This has made its influence felt in
the print paper industry, where mills
eti z diiIliIlS dl capacity. lie CON
sumption of news print is around IA
per cent heavier than last year.
Iron Mines Active.
The remarkable activity of the steel
industry is being reflected in the iron
mines OF Michigan and Minnesota
These sources of supply have to make
up shortage in the stocks which
have so far reached Lake Erie ports
of between 100000 and 5000, 900 tons
to provide for the seasons require
ments before the close of navigation
Automobile factories, with the new
August models now before the public
are gradually increa sing production
to meet the new demand.
Copper, lead and zinc producers eX-
press most optimistic sentiments con-
cerning future demand, and mine &C
tivity is being we'll maintained.
The wool producers were disappoinh
ed over the announcement of one of
the large producers of wooden goods
in PaSsaic that dealings would not be
carried on with the American Fedora
ton of Labor to end the strike there.
This was counterbalanced. however
by the proposal of another large manu-
facturer in that district which an
nounced an attitude that would assure
its workers more than had been asked
lOI DN lile StElktIS NIeIl lIle blSdk
came earlier in the year.
Rayon plants are rushing equipment
to the limit to meet requirements
which have increased in the last
fortnight, although the recent reduc-
tion in prices. while it stimulated
sales. will cut into the margin of
profits.
Chemical Expansion Seen.
The chemical trade in general-and
rayon after ali is a chemical product
seems on the verge Of decided eX-
pansion. especially in the South and
West.
Electric power requirements are
higher today than ever before and,
with industrial activity seeming as
sured, they promise to continue a t the
peak for some time. The public
works programs. which have come to
the point of contract letting. have
more than made up for the loss in
the amount OF private construction
reported by the building trades. Build
ing materials held fairly steady, with
few changes. The volume of lumber
business is closely approXimating that
of the corresponding period of 1925.
The effect OF the Canadian wheat
harvest will shortly begin to be felt
in American grain markets and in
the American agricultural situation.
The Canadian Pacific Railroad is as
sembling 1000 locomotives and 10000
box cars to move the crop of the
prairie provinces.