INDUSTRY: Log Jam Loosened

Last week 31 building trade unions of Chicago (membership: 150,000) accepted a 20%, voluntary reduction in pay as a compromise with the Building Construction Employers' Association's request for a 25%, cut. Although most of the city's labor contracts do not expire until 1934, the reduction will become effective March i, will obtain for one year. "We feel confident," jointly announced the unions and the contractors, "the wage adjustment will unloosen the log jam that has gripped local construction work."

Next day in St. Louis the Associated Building Interests, contractors' organization, asked the...

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