Salt Lake Telegram | 1933-09-30 | Page 10 | Labor Cost Rises 8 to 10 per Cent

LABOR COST RISES 8 PER CENT By CLAUDE A. A JAGGER Associated Press Financial Editor NEW YORK Sept 30 Wall 30 Wall street worried over the effect upon securities ties of higher manufacturing costs un Un- den der the N R A is at last beginning to get definite and somewhat reassuring ing statistics The Standard Securities company says Preliminary indications are arc industry as a whole will be increased by some 8 to 10 per percent percent cent cent Many industries it is explained will willbe willbe be In a position to pass on the higher cost to their consumers although some may not It is pointed out that automobile automobile auto auto- mobile parts makers will probably he be reluctant to raise prices because of chronic fear that the motor makers will make their own parts Farm machinery machinery ma ma- chinery makers may have to absorb part of the cost until farm purchasing ing power is further Improved Even though most lines may pass pis on the higher cost to the consumer it is expected that there will be a tendency to effect price advances gradually subject to improvement in general buying power Standard estimates that bituminous coal labor costs will show the sharpest sharpest sharp sharp- est rise ranging from 15 to 40 per cent Miscellaneous lines expected to show increases of from 10 to 20 per cent are steel leather aircraft copper lead zinc automobile tires and parts goods shoes and woolens Advance of only about 5 per cent are calculated for automobiles dairy products rayon sugar refining and oil j Labor costs vary widely The mo tion picture industry is experiencing no general increase in costs coste probably because of pf the relatively high wages it t has paid