While the probable trend of steel wages and steel prices will continue to be subject to varied opinions, it is increasingly felt that probabilities now favour a reduction in some finished steel prices, probably less than ten per cent, which will be applicable to second quarter shipments.
Such an action would be regarded as rounding-off rather than crumbling the existing price structures, and resulting in a firmer and more stable. basis.
As regards wages, it is understood that the steel companies increasingly favour the adoption of a sliding scale, which would relate wages to rate production.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.