STEEL GETTING SET TO RESIST PAY RISE; Grace, Giving One Reason, Says Wages Are 100% Above the Level in 1939 OTHERS SEE OUTPUT, CUT Olds Warns Increase in Cost of Employment Will Mean an Advance in Prices
The steel industry is prepared to present a united front of resistance to a fourth round of wage increases or extension of security benefits to employes if, as seems certain, such be the demands of steel labor unions in contract negotiations due to be reopened around the middle of the month.