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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 08, 1920
Page
7
A National City Bank statement notes April exports were 30 million dollars below last year but detailed figures show most decline in foreign re exports. Domestic foodstuffs fall and manufacturing exports rise, signaling stronger postwar trade with a forecast that 1920 manufacturing exports will greatly exceed 1914 levels.
The June Commerce Monthly from the National Bank of Commerce New York notes relief from high prices and rising thrift, with partial recession in business due to rail disruption and delayed deliveries. It cites reduced retail demand, under production in primary markets, and rail embargoes slowing building as signs shaping the economy. Unemployment rises from plant shutdowns and farm labor shortages heighten late-season delays.
Dr. Royal Meeker, U S Commissioner of Labor Statistics, argues in The Labor Review that unemployment, not strikes, is the main industrial danger. He cites lack of raw materials, orders, transportation, and an intelligent hiring policy as root causes of stoppages and wasted labor.
Officials of Cincinnati Traction Company and Carmen's Union met over a ninety cent an hour wage demand. The company offered a flat twenty five percent increase while union demands sought forty eight percent. Councilman Kellogg planned to seek a council resolution preventing changes without proposals. The Chamber of Commerce resisted assisting the Federated Improvement Association's California effort to extend car service, prompting petitions for a referendum to compel service.
W H Van Pelt of Cincinnati Ball Crank Co spoke at the Cincinnati Cost and Planning Association noting that in slack times cost accounting matters more. He said manufacturers must focus on how cheaply they can take orders and what losses may occur if they fail to do business.
Local builders face unsettled demand and rising unemployment in trades. Cement and other supplies are scarce as shortages worsen daily. Some contractors now track required materials and even visit factories to obtain them.
The War Department Air Service informed Cincinnati Chamber of Commerce executive secretary G. R. Hebble that it cannot provide a hangar or materials to municipalities for aviation. It urged finding other means and offered advisory help to advance local aviation progress.
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