RECOVERY: Wages of Steel

In the plant of smallish Corrigan-McKinney Steel Co. in Cleveland one day last week, employes clustered around bulletin boards on which were posted notices of a 10% wage increase effective April 1. Such was the signal for a general upping of all steel wages. One by one other steel companies fell in line. Finally U. S. Steel made it official for the industry by announcing a raise of "approximately 10%" for some 140,000 of its employes. Noteworthy was the fact that for the first time U. S. Steel allowed an independent to initiate...