Show GARY SAYS MARKING II TIME IS HINDRANCE Holds Furt Further Price ice Reductions Necessary NEW YORK May 27 Further Further price reductions reductionS' ma may be necessary before before be be- be fore normal conditions in the steel Industry in industry In- In I are restored Judge Elbert Gary declared today in m an address before the American Iron and Steel Institute here hereWith I With a few exceptions he said it would Le be unjust to reduce wages further until living costs were brought down I The American people at present are not buying enough to supply themselves themselves them them- selves with the ordinary comforts of I life Gary declared although they have nave the means to do so This condition has resulted bec because use the great purchasing public has formed the opinion that there has not been ed complete and proper readjustment re readjustment readjustment re- re adjustment of oC prices he said The public has failed he said to discriminate discriminate between different lines or departments departments departments de de- de- de of business and the whole economic system has suffered General business throughout the United States has been Improving Gary Gay said but asserted that the steel business on the whole is little better off han it was last month There is is an abundance of new bui mess iness he declared with both ability and ard inclination to place it now waiting waiting waiting wait wait- ing for further adjustments which will put costs of living liIng selling pric prices s wage rates and other general incomes on a relative parity As usual many will wait walt too long Ing |