New York, Sept. 23.
The United States Steel Corpora. tion to-day announced there would Ibe a ten per cent. reduction in the wages paid to all their employees, ating from October 1.
"The General Motors Corporation ig making reductions ranging from ten to 20 per cent. in the wages paid to its employees from the ist of The United States Rubber Company announces a nine per cent. 7eduction in wages with the adoption of a five-day working week, The Bethlehem Steel Corporation land the Youngstown Sheet and Tube Company also. announce that. the wages of their employees will. be reduced ten per cent, from the frst Jef the month. Other companies are expected to follow suit.—Reuter.
New York, Sept. 23.
Statisticians hero to-day estimated that the incotne of 1,000,000 American. workers will be reduced asia result of the wage cuts in the steel, copper and other industries. It'is expected that the. next. few days will see wage cut announce-mottts by many concerns.
Washington the. administra~ tion announced that it adheres to its original position of opposing. all wage Feduetions during the period fof economic depression. Mr." Wil fhm N. Dooly the Secretary Labour, said that the wage reduc-fons t the past few, days are to uiretlatt Hoover is "made formal statement, on the genera after lasting for two years th rally "accepted. that ffoce between capital and Rrranged by President Hoover.
ime, of the stock market crash 229, ended—United
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