Word: steeling
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Beginning on Monday, August 13, and on succeeding days various units of the U. S. Steel Corporation and other steel mills changed from the two-shift (twelve-hour day) system to the three-shift (eight-hour day) system. In this way was carried out the promise of Elbert H. Gary, President of the Iron and Steel Institute, that the abolition of the two-shift system would " now " begin. The first changes following Mr. Gary's promise took place in the vicinity of Chicago, at Gary (Ind.), South Chicago and Joliet...
Judge Gary declared that the elimination of the twelve-hour day would "now begin" and "progress as rapidly as the supply of labor will permit." It seems likely that a beginning will be made soon, but it is possible that the steel companies will not be an ious to bring about a completion of the change for some time. By this means they could bring pressure to bear on the next Congress for modification of the immigration laws, on the plea that this is necessary in order to bring about an eight-hour day in the steel mills...
...North are high; wages in the South low. The Department of Labor estimates that cotton-mill workers are paid 99.53% more in Massachusetts than in the South, and that other wages are at least proportional. In Georgia a Negro farm worker gets about $1.25 a day; in the Pennsylvania steel mills he is offered $4.50 a day and "all the overtime he wants...
...wheat region of the West will probably find its ultimate solution in a similar way. Meanwhile the South is suffering by the migration. But for the country as a whole, if a Negro in the cotton fields is worth $1.25 a day, and a Negro at the steel mills $4.50 a day, every Negro that goes north is worth three and a half times as much as if he stayed south...
...recent fall on the New York Stock Exchange of the price of "Steel common" to the upper 80's has been taken as a forecast that the earnings of the U. S. Steel Corporation for the second quarter of this year would prove disappointing. That this explanation was incorrect is seen by the fact that, although the statement of the Company showed a big increase in net earnings from April through June, 1923, the price of the stock has not materially rallied. Apparently the stock market looks for poorer business this Fall and sticks to its opinion...