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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Jan. 1, 1941)
'-- PAGE TWO :' ' ' , " : j .Tho OSEGOU STATESEI&It, gfelau Qr , - . r . ! - 1 '. ' ' ' ; f " " j I'll If ! I ! t- I , " ; j ' fyr Secretarg Stimson draws tint dtutt eapsnle JL- vjl.r r tor dctorg -'. ' i "H v ; I I f . r L -irfr f,j t II IMS', 1 ' : ...ll . ...... ,j v. Il I. " iff J j I y f. ' -, , J t , I - j fteaOQytavcaMfl - ' ' M03Q Y -A ' ' I ftrnttl ut Etatmmu ---11- ; DrttUh'mm Frmu Fmree ecmemmtm Dmmkertw L J .. . j7-;f- -Sr- "' . 1 . pT ''ZX . ""rr' ;:3rpMn rl - l"' ' Unite State trade Ottg totrger 4. f ' V. .-r-':.v . '-;': -H HV VCl,rfr'H r.J England for arar bases I ?1 ?Ji ' 5, Jdir . I MjondonoheUero hl , . t . . - 11 r -F z 'i 'M0st? n NEW YORK,-Pee. Sl-T-Ameri- 'aan mllTa any) rinnrlM will turn f vut TOlajn of goods breaking F -all past booming records In 1941 that Is the almost unanimous prediction of economists, bus! Bess analysts and forecasters as the nation plunges into the New t Tear... It U not a difficult prediction to make, ther aajr, aince the pro duction, records of glittering 1929 were broken In 1940, as measured by federal reserre board statis tics. And It is not Improbable, in the opinion of some, that national in come may break orer the golden peaks of fabulous 1929. - .The reserve - board's index of .production for 1940 Is expected to show an average of about 121 per cent of. the 1935-39 average, but' for December alone It esti mated around 13 S. The 1929 av erage was lit. .' Total national Income for 1940 Is placed at about 174,000.000. ; 000. nearly 11 per cent under 1929, hut the. general price level the past year has been about 16 per cent below that' of 11 years ago. , New High 4m. Income Likely If industrial output is kept at '. an accelerating clip in 1941, and if the price level, lately inclined to rise, . works higher, it is not , beyond the realm of . probability, soraer analysts, say, that a record . -dollar level of national Income might be reached. Yet all quality predictions by - pointing.' out' that the current business cycle Is fired by the bu llosa of , British and American ' arms spending, and ' that It may : be drastically influenced by the ".fortunes of war. Defeat of. Britain, many say. - would cat off British buying here but presumably the United States ..would accelerate even the present defense measures to protect Itself ' In - a totalitarian world. British arms orders 'would no doubt be: euicklr taken over. Few think, : however,: that such a world-shak- i ut vpaec tn the balance of power Xotiay - Thar. CoatiaHeas. Today. 1-11 IV M. 1 : Also Km an-! Short LP DP .'-.so A : . t ;:'";- , I i JTeataw f Norwegian Sing could be" Weathered 'without dls- tarblnf repercriasfons. ' , Real Peace riot, Anticipated A British victory, if achieved. is generaly expected to take time. What some refer to as an "out break of peace" is not figuring much In calculations, for any peace that the forecasters can foresee in the near future, they say, would presumably be an, armed truce. In which arms mak ing would go on apace. A real peace with disarmament would bring up the vast problems of transition from wartime to peacetime economy. A great shift ing of jobs and changing over of factories. But behind it, some point out, would be the enormous pent-up. wants of a half billion Europeans long on short rations. Rehabilitation would present bugei problems of financing but many are hopeful that m e a n a would-be found. Assuming continuance of the present background at heme and abroad, business analysts are In clined ta look for a levelling off of - the business trend over the next few months, on the ground that' steel and machine tool are working at capacity, and it will take time to bring additional ca pacity into production. Season 'ly adjusted business index fignr mostly are calcu lated on th. basis of a normal expansion In the early months of the year, so if production mere ly holds at present levels, these index figures would decline a few points. Some think it may be sev eral months-before sUch an Indi cator as the federal reserve index of Industrial production shows further striking advances. But with the government now giving intensive attention to creating ad- Jobs for IVIillions fo As Industry Speeds Arms Assembly; Non-Defense Work to Increase, too WASHINGTON, Dec. 31 (AP) American labor stood on the threshhold of another new year today facing; the pros pect of employment for millions in an industrial machine geared up for national defense, and hearing union leaders de clare their support of the defense program. - The absorption of from 5,000,000 to 6,000,000 workers by industries producing war . ma- terlals and the ordinary commodi ties tor domestic Consumption has been - predicted ! by government statisticians for 1941. : 4 Miniow Needed, PefesMo ': About 4.000.000 workers, these statisticians nay. will be needed to produce the, aircraft, fighting ships, guat, powder,, buildings, food ;and clothing contemplated tor, national defease and aid to Britain. . ; " . .:" , ,f. - At the same- tlme; the expand ing payrolls In these Industries are expected to stlmalate employ ment : In ; the toon-defense field , to such an extent that Jobi will W provided" tor; another ; l.ott.Otfr worker. r - - -vA;-. - AFL, President ' William Green predicted in a New Year- state ment that the Impact ot arma ment bonding on Industry would create i.OOO.OOO jobs and the army: of unemployed, he added, "win have practlcallr disappear- CIO 'Preatdeat " Phm Morray saw 1141 as the year of "great ex pansion of organlxatloa activity on behalf of 'labor and of the nation.-, r. -; ."The millions of workers who Baakon flee German Adolf Hitter, visit occupied ditlonal casaciti. and ueinc all neglected existing capacity ,i tsroogh sub-contractiag, as much as six months may see big gains. Priorities May Affect Total The nation's aggregate bus! ness may be held down somewhat if it is found necessary to use priorities, to hold back materials from normal production, to make them available to arms plants. President Roosevelt, in his ad dress to the nation Dec. 29, men tioned this possibility. Meanwhile, some 2,000,000 workers have been given em ployment In the industrial pickup. of 1940 and many more are ex pected to find employment in 1941. Mounting payrolls may well quicken the already greatly expanded demand for consumers goods. In the past several weeks, wages and prices have shown a moderate tendency to rise. This, the government is watching close ly, hoping to prevent any disturb ing upward spiral of prices and costs. Taxes Cat Profits If there is nothing of the car nival spirit about the defense boom in business that character ized 4.929, it Is because It is gen erally recognised as deadly ser ious business. Taxes are taking a big slice of business profits and are expected to take more. Presi dent Roosevelt has expressed the objective of doing the defense job without creating a single million aire: In Wall street the stock mar ket ends 1940 well under the lev els of a year ago. Yet some antici pate that the wages of capital may improve a little, if Interest rates Increase somewhat later on, as billions are borrow to finance the defense effort. The world situation has hit the Come in 1941 make up the CIO come from th basic mass production industries," he said. "Upon their labor and their loyalty depends the produc tion of all that la most-essential industrial stability and nation al defense. , -As .patriotic 'Americana, thee worker la these baste industries desire to make their fullcontrl bution t . the . Welfare : of their country and the defense of Its in atHtttlon.' ' T ' -.Leaders BespeaJc Xabor lace i Murray said the CIO's collect Ire ' agreements had preserved "substantial. Industrial . peace by providing orderly- democratic means tor the adjustment of dif ferences. - r--- On th - Sam question. Green said not a ilngl strike by aa AFL union -"impeded the defease pro gram and added: !-..;.. - "We are preaiaa- for wider and 'even more eff ecttva aelf-dlaelpUae amonjr oar organisations, we are preparing to assume new burdens and- sacrifice 'Whenever, neces sary, but . we also Insist. on our democratic rights j. : .' ........ . - V ;. ' .' .' New Year farmer by cutting off important foreign markets for such things as cotton, tobacco and citrus traits, but even so, farm income for 1940 is estimated to have reached about $9,000,000,000, including government payments, a total about $500,000,000 over 1939. Growing payrolls in indus trial centers should help produc ers of meats, dairy products, and other foodstuffs. Rites Conducted For Theron Field WACONDA Funeral services for Theron H. Field, 52, were held Monday from Clough - Bariick chapel. He died of pneumonia December 27 at a Salem hospital. Mrs. Frank Thompson of this community- was soloist. Pallbear ers, were Henry Stafford, Hug Crook, Frank Thompson, Frank Felton, Ed Belleque and Bruno Miietta. Interment was In Clag gett cemetery. Re Is survived by the widow; four sons, Harvey of Camp Mur ray, Wash.; Eugene, Harold and Carl of this community; one daughter. Elsie and his parents, Mr. and Mrs. Hardin W. Field of White Salmon, Wash. Monoxide Is Used By Portland Man PORTLAND. Dec. 21-PV-Po- lice found the body of a man iden tified as Howard E. Yambert, 41, Portland. In an automobile on the lower Columbia river highway near Rocky Point Monday. The car's motor was running and a hose carried monoxide fumes from the exhaust pipe to the In side of the auto, State Officed I. Ej Campbell said. Call Board GRAND Today Paul Muni, Gene Tierney In "Hudson's Bay." ! STATS . Today Fred MacMurray, Patricia Morrison In "Rangers of For tune." Bob Burn. Una Merkel in "Comin Round the MOun- - tain., , - - , - HOLLYWOOD . Today Ann Shirley. James Elli son in "Aane of Windy Pop lars." -George O'Brien.in "Prai rie Law." v -v : ' Friday Three Mesqulteers la ?Covered Wagon Pays." Fay t7ray, Charles Lang Jn "Wlid- c SLSnfORB Today Errol Flynn, Olivia De Havllland In. "San U Fe Trail." Lucille Ball. Richard Carlson' la fToo Many Girl." ".'a"-V: ! ; currroL, - V ; . Todsy-iw- C. Fields In ; "X la Baok Dlck";wlth Una Merkel. ' Jack Uolt la "The Great-Plane ' KoberyJS-V-'- " Saturday Jam .jCagney, Pat D'Brlea; In ."Her Comes t th ' Navy. Roger Pryor. Aniu Louise lm' "Glamour, for Sale." " LTJIRTY- ' . - Today Boris Karloff In Doomed " !to. Die. Johnnie Downs. Con- - nli;ore la "Uoh It Off." nday Roy Rogers In "Young Buffalo B11L" Richard Arlen In - THot Steel" with Andy Devlna. Pari ltalg9 Germang, and Japan sign economic and mtlitarg poet. V TOOK A FRIEND'S V DQOKE THE HEART V SAVED A NEW Z VmO . pri n n rts OQD2QED vn-v kie ?lD CHEGAa -JOHM SL Directed c AawcUfc fWacr Cs Macfowa. OrlglaaJ ScrMta flay by Lasnar TrotU r Si- ..r,. LIFE! OF A 1AJOMAM FOR THE j-e.. Hll HAMGEDI TX mmi by !rr!ao Plzhzl 4t v if ,4,'i Trotskg slab T i m BJOU2I nULER rEstablisliid Price 36c Total 1 A:i i ,r lL -'-" i fmm I 4 J , i w r t 1 i'
