Show HOOVER LISTS TRADE WASTES C Cites i t e s Unemployment Labor Conflicts and Too Many Grades NEW YORK yom April A 11 11 A deli deli- definitely definitely new relationship In the whole setting ot of o Industry Is In Herbert Hoover scene secre secretary tary of ot commerce commence told the Na-i Na o Na- Na National a- a Civic federation at Its first Industrial round table confer confer- conference conference conference ence here today Ownership of utilities and large manufacture said Mr Ir Hoover had been largely divorced from management In being diffused among millions of ot stockholders none able to dictate policy The terms owner and manager have hD had their da day he asserted The savings we can make through Invention skill and elim elim- elimInation dim dim- elimination of collective waste he said Is ia bound to be divided over the consumer to attract business dividend over labor to secure lecure service and contentment more than over capital because capital becomeS become cheaper with increasing security he ho said laid Mr Sir Hoover with William Green president of the American Feder Feder- Federation Federation Federation of ot Labor and Gerald Swope president of the General Elec Elec- Electric Elec- Elec Electric Electric I discussed the elim elim- elimInation elimination of ot Industrial waste and I the minimizing of con con- con controversy tro erlY Alton Allon B Parker pre pre- presided presided pre presided sided The more glaring wastes which Mr lr Hoover chalked up to the discredit of the present economic machine arose he ho said largely from unemployment during de- de de depression speculation and over over- overproduction overproduction production labor turnover md labor conflicts variation in prod prod- products products products and In grades and standards inefficient pro pro- processes pro processes Inadequate ceases and Inadequate transportation transportation tation termInals |