Show I i I II STEEL COMPANY STEL I REDUCES WAGES Nine Thousand Men Involved Bad State of Trade Tr de Given as the Reason Harrisburg Pa P March arch 15 l The Penn Pena enn sylvania Steel company cm n one of the lar largest larget largest gest get independent steel companies companie In n the country count has announced a reduction reduction tion don in wages of approximately 10 per percent percent percent cent cent April 12 I 1 the reduction I The Thc order stated that would be made mae pending a return of or nor normal normal mal wal business conditions It I was s some somewhat somewhat what hat of ofa a surprise to the thc 60 Nine ine thousand men are employed at the plant when it is running full time J V V vice Ice president of o ic the t le company compan tonight said Wage Vage reductions on the part of the various arious steel stel interests have recently ap ep appeared appeared In the papers and others are arc lr In contemplation Throughout the yea ai IKS n nour our wages and salaries were maintained on a high level leel although the steel trade Hade was ws passing through a depression which in Its is Intensity was more severe se Ie than anything that has occurred the tle t e early earh os December last the indications tended tnt to the thE likelihood of 01 an early earl i 1 of or business The prom I 11 given to the tariff discussion during durin itt tle t public hearings of the ways and means meal committee however brought about abut a awaiting awaiting waiting attitude on the part of ot the buy buyers bu buers ers era The disappointing reduction In busi husi business ness nIS and a resultant straining for orders forced fored the st 1 market Into a a condition demoralization of Normal conditions can only be restored gradually after a satisfactory conclusion gradual of o the time extra session of ot congress and the enactment of or a tariff bill bi drawn up u with the purpose of conserving the he American market to Americans on a basis of Amer American AmerIcan American ican conditions and standards of ot living Pending the resumption of normal f cc n a we must look to the local loral cooperation cooperation tion of our In our efforts to compete ton successfully for new business with the certain certin expectation that all al such efforts will wi hasten the time when wages and antI salaries may safely saCcI be restored to the theold theold theold old basis |