The Labor Statesman
data provider: CONTENTdm
alternative: [The Labour Statesman]
is referenced by: https://resolve.library.ubc.ca/cgi-bin/catsearch
is part of: BC Historical Newspapers
issued: 2024-01-31
issued: 1934-07
aggregated CHO: https://open.library.ubc.ca/collections/labours/items/1.0439320/source.json
format: application/pdf
note: _„ '*#*> W*y-i^'r'ffl*"*!"'' Canada Needs (i lot of new blood in its Federal and Provincial Parliaments to speed til towards industrial recovery. or OWNED AND CWTOOUED BY THE YAMOQQVER TRADES AND LABOR COUNCIL SUPPORTED BY SIXTY-TWO LOCAL UNIONS er and Shorter Hour- is the Big American slogan now being used in efforts to- . wards industrial recovery. . Nd429. VANCOUVER, CANADA, JULY, 1934 Price, Five Cents Wages Cut After^ $2,600,000 Profit by Dept. Stores Shameless Attitude of Woodward's Store is Shown Up at the Stevens Committee Inquiring Into Price Spreads and Mass Buying -?-.—: ■;. ■ WOODWARD'S DEPARTMENT STORE has made $2,580,754 in profits in the four years since commencement of the depression, and it is a well 'known fact that this firm can pay the most miserable wages of any in town; The story about th_is firm, which came but at the Stevens enquiry, has jmly_Jbeen scratched so far as the Employees are concerned, but unless we miss our guess the firm of Woodwards will still gather in the profits wrung out of the hides of its own employees and out of the hides of other sweatshop workers. Ottawa— Woodward Stores of Vancouver maintained the 1929 profit ratio by cutting wages and increasing its profit .spread on Roods, Major A. E. Nash, Toronto accountant, declared at the sitting of the Stevens' inquiry into price spreads and the effects of mass buying. This department store had made profits totalling $2,680,754 in the four years since the depression. Net profits totalled $2,064,088 and reserves were $516,671. After deducting reserves and showed an ' assets of dividends, the store ,;'~ In real appreciation $2,106,000. "Did the profits decline in relation to the fall-off in sales?" asked Commit.-- Counsel N. Sommerville, K.C "No, they reduced wages $100,000 a year and made higher profit on goods," replied Major Nash. "Did they ever call on their reserves to maintain wages or to keep their price mark-up down to where it was in 1929?" ,rNo." In boots and shoes, the …
note: Title changes in chronological order: The Labor Statesman (1924-04-25 to 1965-03), The Labour Statesman (1965-05 to 1969-09). From 1924-04-25 to 1965-03 The Labour Statesman was owned and published by the Vancouver and District Labour Council. From 1965-05 to 1967-07 it was published jointly by the B.C. Federation of Labour and the Vancouver and District Labour Council. From 1967-08 to 1969-09 it was published by the B.C. Federation of Labour.
has type: Newspapers
spatial: Vancouver (B.C.)
is shown at: 10.14288/1.0439320
language: English
lat: 49.246292
long: -123.116226
provider: Vancouver : University of British Columbia Library
publisher: Vancouver, B.C. : Vancouver and District Labour Council
rights: Images provided for research and reference use only. Permission to publish, copy, or otherwise use these images must be obtained from the Digitization Centre: http://digitize.library.ubc.ca/
source: Original Format : UBC Library
type: Text