In United States

Mine Mill-Steel merge

TUCSON, ARIZONA

“Never, in merging with the
steelworkers union, must we
ever forget what we stand for
in this union,” said S. O. ‘Cha-
no” Merino, president :of the
Bayard, N.M., local 890 of the
International Union of Mine
Mill and Smelter Workers dur-
ing the Jan. 17 debate on merg-
ing his union with the steel-
workers at the Mine Mill spe-
cial convention here.

Upon the conclusion of the
debate, the delegates voted un-
animously to affiliate and merge
with the . 1,100,000 member
United Steelworkers of Ameri-
ca, AFL-CIO.

Said Merino:

“We have a history of being
militant in this union. With
guts we have stood up to the
copper barons. We fought
against goons, gunmen and
raiders. We were thrown into
jail and yet we survived. ‘The
Salt of the Earth’ was no: exag-
geration. It was the truth then
and it is the truth now. If we
are going to survive we must
be militant. That is the way to
survive. It is the only way.”

And then with a final sen-
sentence that brought tears to
the eyes of many of the 188
delegates, he said: “In my heart
I will never, never forget that
I am a member of the Mine,
Mill and Smelter Union.”

Ray Graham, of the Great
Falls, Montana-Local 16, spoke
with pride of the Western Fed-
eration of Miners Charter, dat-
ed Dec. 30, 1897, which still
hangs in his union local hall,
and while backing the merger
agreement, his local, he said,

Wor

By RAE MURPHY

Taking full cognizance of the
affluent society, the Tribune has
recently introduced a policy of
seeking to keep our readers in-
formed about trends in the
stock market and the different
theories that govern their move-
ment in the exchanges. It has
become necessary for the Trib-
une to provide such background
material because of the fantas-
lic wage gains that the average
worker has negotiated over the
past period of time. We feel
that all workers are required
now to know how to invest in-
telligently, if for no other rea-
son than to avoid having all his
idle money cluttering up the
house.

There are other reasons why
workers should know about the
market, afteratl, how can Peo-
ple’s Capitalism work if the
average guy can’t tell a bull

from a bear or his Dow-Jones

from a hole in the ground?
Some months back we pub-
lished an article explaining the
Dow-Jones theory. We ended
up in such utter confusion that
we assigned our research de-
partment to investigate other,
perhaps simplier theories to
guide the first time investor.
Two such theores have come
to our attenton through the

“intends to exercise a max-
imum amount of local autono-
my, we insist on it.”

Delegates from every part of
the country spoke along similar
lines emphasizing the union’s
militant history, its indepen-
dence and above all its devotion
to principle, even as they sup-
ported the pact.

The future of unionism in the
non-ferrous metals industry, in
face of the increasingly power-
ful corporations, was the domi-
nant influence on the three-day
session here.

Division in the ranks of
unionism in face of more power-
ful corporate interests was the
decisive argument which con-
vinced the delegates to this
convention, who in a remark-
able display of unity, cast every
single vote for the merger with
steel.

In the resolution approving
the merger agreement with the
steelworkers union, Mine Mill
declared “that if the bargaining

Fred Wright [UE News)

“Now that you are doing three

men’s work your penalty for be-
ing late will be tripled!”

/ =
pages of the Retail Wholesale
and Department Store Employ-
ees Union newspaper which we
would like to evaluate for you.
They are the “Rising Skirts”
and the “Sun Spots” theory.

* * *

RISING SKIRTS

The premise of this theory is
that the market folows the hem-
line. The RWDSEU_ Record
gives the following description
of the operation of this theory:

“In the prosperity of the
Roaring Twenties, stocks climb-
ed and climbed; so did skirts.
Came the depression, stocks
plunged and so did skirts, prac-
tically to the ankles. In the
1950’s_ stocks inched upward
and so did hemlines. Today’s
unprecedented levels of many
stocks reflect mini-skirt.” .

It would appear from the
latest fashion news that our
economy is in for a stupendous
period of prosperity, but it isn’t
that simple. While there is no
panic yet, insiders are deeply
disturbed about hitherto unesti-
mated factors such as the plung-
ing necklines.

This is causing great conster-
nation along Bay Street in To-
ronto and other centres of high

\ finance. Perhaps on a summer
day you will notice how care-
fully the financiers study the

somewhere around

power of the workers was to be
strengthened in the non-ferrous
industry, it would have to be-

‘gin with organic merger be-

tween the two dominant unions
in the industry, namely, the
United Steelworkers of Amer-
ica and the International Union
of Mine Mill and Smelter Work-
ers.”

Steel Union President I. W.
Able, in his address to the con-
vention said: “This merger is a
pig turn in the history of Amer-
ican labor. It can help create a
new climate in the labor move-
ment.”

The giant steelworkers union
paid its tribute to the mine-mill
unions in several ways. The
merger agreement between the
million plus. union and_ the
108,000 memkter Mine Mill (in
the U.S.) was one which paid
tribute to mine-mill’s past and
greeted its forthcoming contri-
bution to the larger union.-.

Understanding of the posi-
tion of the Canadian mine mill
unionists, who are not part of
the merger, was evidenced by
the standing ovation ‘given by
the delegates to Canadian Presi-
dent Kenneth Smith, after he
explained that merger between
Steel and Mine Mill ‘north
of the border was out of the
question “at this time.” Major
national issues, such as Can-
adian sovereignty, prevent such
a merger at this time, he said.
Canadian steel’s ‘support for
“continentalism” and Canadian
Mine Mill’s stand for full na-
tional independence, especially
from U.S. policy and domina-
tion, prevented such a move at
this time, he explained.

e to the stock market §

hemline and neckline of the
girls as they. pass along the
streets. There have been many
speculations on what will hap-
pen if these trends continue as
they are. One financial leader,
who refused to be quoted by
namé told the Tribune’s finan-
cial consultant that: “if the
neckline and the hemline meet
the navel
Pearson will be forced to re-ne-
gotiate the auto trade pact.”

Recently, with the topless
craze analysts have been thrown
into a tizzy. One noted stock
brokerage firm has advised
their clients that if the toppless
craze develops widely panic
could ensue. “If the trend con-
tinues,” they said, “the whole
thing could bust.”

Bearing in mind the uncer-
tainties of the situation, the
Tribune advises all its readers
to be careful and cautious for
the time being. It would be bet-
ter to wait until you notice your
foreman wearing a mini-skirt
before you plunge, in the mean-
time we suggest that you could
consider investing in Czarist
rubles, which we understand
are selling cheaply now.

* * ba

THE SUN SPOT THEORY
The sun spot theory was re-

‘stock market decline, in terms

_coffee breaks. and if they can

‘jmmediately phoned his broker

la

A NEW RATE of $5.10 and a cut from 40 to 37% houly
week were two of the features of the one-week strike by Wee
of the International Brotherhood of Electrical Workers in the i
ford-Simcoe-Paris area. Business agent Terry Fraser said the i
members were able to record many other gains as a result 0
one-week strike, including increased travel allowances and pe
working conditions. The new rate, highest in the area, will ben
get for electricians in Hamilton and other big centres. :

* * *

THERE WERE fewer work stoppages in December tha
previous month of 1966, according to a preliminary sums
strikes and lockouts released recently by the Minister of
December work stoppages totalled 59, involving 12,602

nit

‘and a time-loss of 153,310 man-days. In November there he
stoppages involving 28,333 workers with a time loss of Y d
man-days. ei

* * * ni

MONTREAL POLICEMEN have turned down their lal@gwit
tract offer. The Executive of the Policemen’s Brotherhood Pion
the city’s proposals to a meeting of about 1700 members he
ten voted for acceptance. The offer was for a two-year @ushe
with a 12 percent pay increase in the first year and four Py I
in the second. The last contract ran out on January J, ee de
policemen are seeking higher wages, time-and-a-half for: OV *
and an enlargement of the force in time for the Montre® —@°n
fair.

* * * all

TEN UNITED Auto Workers Union leaders are march FOI
Ottawa to “raise hell” over the proposed 10,400-man lay®” gma
was due-to start on Jan. 27. The delegation, led by Georg! S0(
Canadian UAW director, plans to meet with ministers on *7y |
8. They hope to get separate hearings, for their complaints i v
the free-trade pact. Albert Taylor, president of Local 222; ot
said “When it comes to war, the Government seems to kn0Y 7 ha
to find money to fight. But when it comes to a layoff of mo
... the Government turns its hearing-aid off.” ;
x * * a

IMPERIAL OIL Limited has shown a net profit of $9290"

for the year 1966, a gain of $6 million over the net profit J
million in 1965. Meanwhile the shareholders of Shell Cam@ -
have to make do splitting $43.5 million between them; ne 4
if it is any consolation, their profits were up by wel ovél™
lion above the previous year. eq

and put all his dough Uy
tercontinental Pizza cr Hi
to find that he had some gf
his eye and there was
spot. The result of this wit
Intercontinental Pizza fy
Canadian Pacific Pepp@ ay
‘a stock split while All
chovie, Tomato-pastée —
basco Sause (AT & 1)
six points. ‘

vived by the conservative Fin-
ancial Analysts Journal which
said it had discovered that “in
each solar cycle the largest

of percentage drop, comes after
the sun spot ‘number on an an-
nual basis climbed about 50.”
Enormous sun spots were ob-
served Jast week and the Jour-
nal interpreted this to mean
that ‘an important market peak
may lie some one to four years
hence.”

This appears to be a very
complex theory, and not very
helpful for those who are in for
the big money fast. Our surveys
have indicated that the average q
worker who invests in the mar- phoning their brokers
ket is in for the quick killing. tient employers, not ©
As one reader told us, “The the intricacies of the
boys want to invest in some- have had occasion to.
thing that moves fast, they like their employees to re
to do their investing during | work, which at time h@4
ruffled feelings all aroUl”
make a few hundred thousand The
bucks before lunch they’re hap-
py and got no kicks.”

There are many othé
nesses with the sun-spd!
for example, there h@!
cases reported to us 9
relationships which h
loped in plants where”
have stood outside wa!
sun-spots. to appeal

tions some other the?
they all appear to h@iy
weaknesses. They ended
lating the success story id
financial wizard who ®
he carefully studied the,

There are many problems
keeping track of the sun-spots.
We know of one fellow who
spend a Saturday afternoon in

a local beer-parlour and when Orphan Annie comic |
he came out swore he saw a everytime Daddy ‘chit
bought he bought. Wh |

huge sun-spot. The poor fellow
be the best idea yet.

ef

February 10, 1967—PACIFIC TRIBUN