Tire speculator profits in a looped sale puzzle
A tire speculator buys a tire for 70 and sells for 80. He buys back the same tire for 90 and sells it again for 100. Total profit equals 20 dollars.
19 Mar 1942
Page 1
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Newspaper
Southeast Economist
Location
Chicago, Illinois, United States of America
Date
Mar 19, 1942
Page
1
A tire speculator buys a tire for 70 and sells for 80. He buys back the same tire for 90 and sells it again for 100. Total profit equals 20 dollars.
Toward the Sun highlights trips by Chicago residents to Miami Phoenix and California with names including L C Smith Ruth Jacobson Henry Colby Israel Binder Rebecca Wolford and Mrs William O Helbing. The article notes St Patrick's Day birthday celebrations and extended sojourns in Florida and California.
Residents in the 7400 blocks of Bennett and Constance avenues held a two day salvage drive led by Nicholas J. Bohling Jr. They collected waste paper cardboard cartons old razor blades and other metal odds and ends filling a two car garage for defense personnel. The Anti Cruelty Society announces awards for the 15th National Humane Trap contest. Gossip note mentions grocer John Papas receiving congratulations for new tires.
Soldiers in 1942 battle spelling and grammar with words like buses manoeuvre fatigue chevron and believe. Dictionary requests surge in the Victory Book campaign as voice recording machines at posts offer four minute sermons for five cents to avoid spelling worries.
Robins have begun scouting in South Side backyards signaling spring. Mrs Loretta Teufel of Tist Street reports signs of warmer days. Children ready roller skates and baseball mitts as the season nears, despite the weather bureau keeping the exact arrival secret.
The Chicago Women’s Club hosts an exhibit of drawings by London Auxiliary Fire Service firefighters. Rudolph Haybrook, among three visiting volunteers, says the works were sketched at bombed sites while fires raged and planes flew overhead. The paintings, made amid smoldering ruins and anti-aircraft fire, reflect a restrained, sincere British temperament.
A new photography method uses infra-red flash lamps and special lenses to capture images on infra-red film in total darkness. The system blocks visible flashes while allowing infrared rays to pass, enabling continued news pictures during blackout restrictions. The puzzle answer notes a tire Bootlegger earned a $20 profit.
bacteriologists from the U S Health Service will test Chicago water this week in a lab at the 69th street and Oglesby avenue filtration plant. Arthur E Gorman says the tests are part of a broader effort prompted by Mayor Edward J Kelly to safeguard the water supply.
Philip Peterson of 7435 Kenwood Avenue will call to order a meeting of the Grand Crossing Property Owners Association this evening at St Paul Hall located at 78th Street and Dorchester Avenue.
Veteran Chicago South Side broker and director of Chicago City Bank and Trust died after a heart ailment. Born April 27 1870 in Brockville Ontario he came to Chicago in 1893 and built a plumbing then real estate and insurance career. He is survived by his daughter Marion Dorothy and four siblings. Burial at Mt Hope cemetery followed funeral at 63rd Street chapel.
OPA officials begin reviewing records of the Chicago Rent and Prices committee to decide if Chicago will be declared a defense rental area. Findings will go to the Washington OPA. city officials would then have six months to enforce rent ceilings if regulated. Realtors express optimism about local stabilization efforts.
Maurice Washer of 7626 Colfax avenue announced he enlisted in the navy and withdrew his candidacy for the Republican nomination in the Second district. With Washer out, Thomas J. Downs 7727 South Shore Drive Frank O Leath 1624 EB 56th Street and Edward J. Murphy 1962 E 71st Place remain in the Republican field. Alderman William A. Rowa of the 10th Ward is unopposed for the Democratic nomination.
Chicago Park district announces a Victory Garden lecture on vegetable growing. At 8 p.m. next Monday the talk, part of a series, will cover what kinds of vegetables to grow and will feature F. L. Eldridge, fertilizer expert. Admission is free.
Registration opens this week for the seventh 10 week basic military training course at the University of Chicago Institute of Military Studies. Five hundred men join Friday sessions starting April 3 and 500 join Wednesday sessions beginning April 8. Open to Chicago residents aged 16 to 43.
Dr. Henry S. L. Polak told Woodlawn South Shore Kiwanis that India will gain complete freedom from English rule soon. He cited the Mohamme dian minority at 23 percent and the Hindu majority seeking rule by the people, plus India's wartime contributions, munitions production, and large steel mills.
A Chicago sociology instructor argues that the ideal of romantic love fosters unreal expectations and contributes to family disorganization. He cites movies magazines florists and perfumers as amplifiers of the impossible ideal, noting divorces now occur in about one of six marriages and urging a more practical partnership based on companionship and shared backgrounds.
New appointments in Enateai and South Shore communities and a combined rally in Woodlawn highlight Southeast side Civilian Defense efforts. Willard Lasher named morale chairman for Chatham district. consumer information courses run March 23 to 27 at 72 W. Adams St. Women urged to register at Chatham library desk. A South Shore information bureau operates at 2501 E. 75th St.
Snyder announces three new Junior Achievement groups in Woodlawn. Two for youths in Woodlawn hall at 6208 Drexel and a girls group near 67th street and Stony Island. The Kiwanis sponsor backs the boys group. Mrs. Pearson leads the 67th street girls group seeking four women with business training.
Yesterday the 13 local draft boards on the Southeast side called names from the February registration listing 26 470 men. Numbers drawn varied. 441 applied to all boards, with individuals such as Nathan Golton and Albert Zagaglia reacting with pride and excitement.
Frank W Krause reports his garage behind the home was broken into between Sunday and Tuesday with a tire and wheel stolen. Robert W Newling says thieves took three white wall tires from his basement storeroom and 70 quarts of preserved fruit along with a $25 can of white paint.
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