Word: coding
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Already the textile code forbids unreasonable "stretch-out," and requires collective bargaining. As for higher wages and shorter hours, an NRA investigation recently resulted in a report that the indus-try could not afford them under present conditions...
...lumber the hardwood forests of the Appalachian hillsides and the Mississippi Valley have a code which, as codes go, is a good one. The mill owners lived happily under it for nearly a year. Among other things it provides for production control, cost protection, hard & fast minimum prices. And for an industry which has no less than 5,800 members in its trade association and code authority, the Hardwood Manufacturers' Institute, there was surprisingly little chiseling...
...chiseling there was, particularly on prices, and enough to annoy the responsible lumberman who lived up to the code. Prices were revised in July, some up, some down. The upped prices hit the hardwood men's best customer, the automobile industry...
...Corp. is the largest consumer of hardwood in the U. S. It requires between 300,000,000 and 400,000,000 ft. annually. With furniture and building in the dumps, a small slice of an order by Fisher will keep an average mill operating for months. Yet the Hardwood Code allows no discount on even the whopping Fisher orders...
...flatly announced that costs must be cut. In August when Fisher Body was ready to buy lumber, its purchasing agents told the hardwood manufacturers something like this: "We cannot afford to pay $66 per thousand ft. of oak. We know that is the minimum price established by your code authority but we can pay only $60. We know and you know that $60 will leave a profit. If you accept the order you will be violating the letter of your code but you will not be violating the spirit, which provides for protection of costs. In any case we request...