STATE OF BUSINESS: Creeping Mobilization

The war in Asia made its first impact on the U.S. economy last week. Personnel managers, worried about manpower, began totting up the reservists and draft eligibles on company payrolls. Manpower was already tightening; the Government reported last week that eight more areas had been removed from the "critical" (12% or more unemployed) list and five more had moved into the list of "tight or balanced supply."

On U.S. airlines, the wartime "bumping" rule was again invoked to give priority to military traffic. The Government placed seven U.S. overseas airlines on stand-by...

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