Thank you for visiting SNEWPapers!
Sign up free
Domestic News
July 14, 1930
The Daily Worker
Chicago, Cook County, Illinois
What is this article about?
In Chicago on July 11, Sears Roebuck and Montgomery Ward, the world's largest mail-order companies, announced steep price cuts on all merchandise, lowering them to the lowest in ten years due to a wholesale price drop. This is viewed as a prelude to further reducing their workers' low wages.
Clipping
OCR Quality
98%
Excellent
Full Text
Mail-Order Price Cut Prelude to Wage-Cut
CHICAGO, Ill., July 11.—Sears Roebuck and Co., and Montgomery Ward and Co., the two largest mail order houses in the world, who also pay the lowest wages to its thousands of young workers, yesterday announced steep price reductions on all merchandise. The cut in prices brings them down to the lowest in ten years. This is a phase of the crisis and a slight beginning of the effect of the sharp drop in wholesale prices. Both these slave-driving concerns will use the cut in prices as an argument to slash the already low wages of their workers.
CHICAGO, Ill., July 11.—Sears Roebuck and Co., and Montgomery Ward and Co., the two largest mail order houses in the world, who also pay the lowest wages to its thousands of young workers, yesterday announced steep price reductions on all merchandise. The cut in prices brings them down to the lowest in ten years. This is a phase of the crisis and a slight beginning of the effect of the sharp drop in wholesale prices. Both these slave-driving concerns will use the cut in prices as an argument to slash the already low wages of their workers.
What sub-type of article is it?
Economic
What keywords are associated?
Price Cuts
Wage Cuts
Sears Roebuck
Montgomery Ward
Mail Order
Economic Crisis
Chicago
Where did it happen?
Chicago, Ill.
Domestic News Details
Primary Location
Chicago, Ill.
Event Date
July 11
Outcome
steep price reductions on all merchandise to the lowest in ten years; anticipated wage cuts for workers.
Event Details
Sears Roebuck and Co. and Montgomery Ward and Co. announced price reductions yesterday, linked to a drop in wholesale prices, described as a phase of the crisis and a prelude to slashing workers' wages.