ONE BIG UNION

Timaru Herald, Volume CXLIII, Issue 20668, 5 March 1937, Page 9

ONE BIG UNION

PLANNED IN STEEL INDUSTRY IN AMERICA REACTION TO RECENT SUCCESSES United Press association—Bv Ki—irle Telegraph Copyrlehr (Received March 4, 10.35 p.m.) MONTREAL, March 4. Forty C. 1.0. organisers met at Pittsburg to plan a concerted drive to attain a universal contract with all steel workers, for a single huge Industrial union, which will rival in size the united mine workers. The employed steel workers now total 550,000. Collective Bargaining It is announced that the General Electric Company has agreed to hold a collective bargaining conference with the united electrical and radio workers affiliated to the C. 1.0. on March 15 to establish a formula for a national agreement on a wage policy, union recognition and working conditions for the company’s 15 plants. Approximately 60,000 employees are affected. Confidence Reflected in Stocks In one of the most bullish demonstrations in recent history, stocks climbed over six points as a result of heavy public buying through the growing optimism regarding the labour situation in the steel and other industries. Brokers also reported a large increase in foreign buying. United States Steel 123 dollars, Allied Chemical 240 and Chrysler 133 were among the stocks making notable gains, although the list as a whole responded to the improvement.