Show WAGE REDUCTIONS SPREAD IN EAST Ten Per Cent Is Standard Cut and October 1 Date Effective NEW YORK Sept 23 2 JAn JAn- F P of Impending wage wae cuts cutsIn cutsin cut In steel motor molar rubber and and copper industries in In- was wa subject today toay to a variety of interpretation Organized labor labor proclaimed Its it re rea re- re Some financial writers attributed at at to t unnamed business leaders the bele belief that tat the step would woud hasten hastena a a revival of business Formal statements state state- ments of corporations s concerned merely str stressed sed una unsatisfactory present pres pres- ent eat conditions or new standards of value United Unie States S Steel l took tok the initia- initia live and announced announce a a 10 per cent cut affecting October 1 1 Bethlehem Steel followed suit It I will reduce wages 10 per cent October wi 1 for pr Youngstown Sheet and ad Tube ordered a a corresponding correspond I ing cut The General Genera Mot Motors r corporation announced announce a a 10 to 20 per cent reduction reduction tion ton for tor 2500 salaried es 60 Some c employed on an hourly wage basis bai will not be affected The The United Unit States States Rubber company com corn pany announced announce a a five day ay working schedule starting Oct October ber 1 This Ti will wi mean a a. n reduction of at about abut 9 per percent percent r cent in w wages e. e tA to t The hourly scale will wn not be touched touche but no one sae will be given given more than ta live five days days' work The Te American Smelting and Ref Refining in ln ing company and the Utah Ut Copper company announced 10 per cent wage wae reductions effective October pr 1 A forecast of resistance came from Matthew vice vico president of the American Aerian Federation of Labor Lor after the announcement by United States said Steel He Ho Steel I r can cart only e express rc great geat regret arid and ad profound disappointment at the action acton of the United Unit States Steel Stee cor cor- The disappointment is particularly particularly par par- justified because this th action acton Is In sharp tharp contradiction with that tat i i sar of the same corporation some time ago In reducing dividends but deeming deem deem- Ing ng ao to cut wage waRe scales At that time the he attitude of the United States Steel corporation was received with wih satisfaction sats sats- satis satis- faction action facton by all al who believed that any dislocation of wa wage e schedules would be a a most disturbing factor economically cally and socially caly All I can say Is that the action aion of the he United States Stats Steel corporation will certainly not be helpful regard regard- wi 1 c of the causes cause that may have p prompted It It I r fear that this action aton may well wen encourage others other to t do likewise like like- le wise and ad prove provo the result of ot even more serious p perturbations perturbations' than we have yet witnessed In the tho nations nation's naton's economic life A general policy otWa of ot wage e cuts holds hold out the danger dager of cut serious Wa Industrial conflicts for it is serous inconceivable that the workers will willke tat wl blow without resistance take ta ke this Washington ton advices represented President Hoover Hove and ad his hs advisers as a hopeful that the action acton of at United States Steel would have no sweeping of big reflex amon among the tho business general generally Months a ago o Mr Hoover Hover sought to plede the Industrial a against ansta a lowering of wages a e. e He has ha recognized however rn that In i these maUer matters the thc nize government only can ca advise a and that d decisions must be made made by each on on the te facts It Individually is facing The B. B F. F Goodrich Rubber com com- tony announced that effective October Oc Cc- tober 1 I it would reduce the hours hour of work of salaried salaried 10 ner ncr cent and compensation for employment would be b cut proportionately General company of said sid It had reduced waite wase rates similar simlar to those effected by oth other r industries Tho ThA Jones Steel Stel cor- cor cr- cr announced today toay at Pittsburgh PiUs Pitts burgh that w wages In Its iL would I be reduced 10 per percent percent percent I cent effective e October 1 |