Ogden Standard-Examiner | 1921-02-01 | Page 2 | Changes Shown in Employment

CHANGES SHOWN ; ; li EMPLOYMENT; New England Improves But: Middle West and Coast More Affected I WASHINGTON, Feb. 1 Industrial opera lo havo not InereMed iuffl-olently iuffl-olently effect a material reduction tn !h" widespread unemployment t're- ivalnnt a month uko nrcordlnp '" the; review for January, issued by the fel- I cral reserve board. A slight increaM In ihe activity of di New Bngland Induetrlea prob-ably prob-ably has brought tomo relief thcro, the I review said, but in tho south and west the situation has become more unite. In the Sin Franeltfco district, previously previ-ously slightly affected, the bo.ir.l ro- ported unemployment to be abnormal- I ly great. WAGE Hi;m ctions. Wage reductions have continued. i in- bo.nd slid. and the curtailment' has spread to sections where wage rates have b-en maintained at high leveled About loo.noo textile mill i workers in New England have suffered ;iKe cuts averring pet cent, ths review added, Mh! while reductions reduc-tions In the bopl and shoe Industry have not been so large, they have been extensive. Unemployment became more pronounced pro-nounced in the St. Louts district, the hoard staled, being especially felt In industries such as Iron and Steel, automobiles, au-tomobiles, shoes, furniture, clothing, and lumber. So fur, Wfcgag have con-1 tlnued fairly steady, Despite tho der line I m the number employed. th board, , added. i Prices of certain staples, notably grains, cotton and other agriculture' ' products, rose early In January, the ' board reported, but later declined. I th- , er leading commodities, however, such r.s crude and refined ell and bituminous bitumin-ous coal not fjreutly effected in earlier earli-er months, were Increasingly woak and j iron and steel continued to decline. PHI V Atl FIN WCKS. Financially, the month lia. been en-. en-. eouraplng, the board declared. Sluck- enlnir In the d mund tor cn dlt resulted result-ed In a material reduction In the outstanding out-standing volume of circulation amounting amount-ing to about $ r.o.ooo.uoo while tho oid holdings increased to about $2!,uu0,- , 000. In private finance, the board said, tin month has seen a period of lm-l ' provement of value in most classes of I 'securities. Various minor Issues of foreign public bonds hiive been float-I ed with success and a number of rela-I ' tlvely Important private Issues have ' been sold to the public.