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8 THE WALL STREET JOURNAL, ' wdneidy, June 26, 1974 U.S. UnitDefends Vinyl Chloride Curbs, Cc / Saying They Aren't Too Hard on Firms ^ Fast Turn Around! Thsfs rigtal You can bill your customers toc-jy ,. and get cash right away , . . from MERCANTILE Mercantile's Accounts Receivable Financing is s simple line of credit We supply cast. . Immediately. Arrangements are guide, com pletely confidential, and always under your con trol. Need cash? tall Mercantile at (312) 372-83S3 Besides Accounts Receivable Financing, iter. candle can supply the cash you need by tranc ing your finished goods or raw materials r-.-entories. equipment, installment sales, or real es tate. Mercantile has been supplying the money needs of American businesses since '>317 . . . tenth loans ranging from several thousands oi By a Wall Street Journal Staff Reporter try of trying to whip up a "hysterical" pub WASHINGTON -- A Labor Department report disputed the plastics industry's claim that a proposed government standard for re stricting handling of vinyl chloride would force numerous plastics plants to close. The industry has contended that the pro posed ruling, which would bar exposing workers to any ``detectable1' amount of the ' lic relations campaign predicting the de mise of the industry, and he said the AFLCIO will call for a congressional investigation of the industry's public relations effort. The industry also proposed its own star- j dards for handling vinyl chloride. Instead of i barring any "detectable exposure," it urged! gradually decreasing exposure ceilings, | r C said ler.? the c U.S. -- chemical, can't feasibly be met, and the in dustry warns that adoption of the ruling | would close down the large part of the plas starting with 40 parts per million this yearly, in polyvinyl chloride plants to be decreased!,^ to 25 parts in late 1976. I rj,,,e; tics industry that uses vinyl chloride and its derivatives as raw materials. In plants handling,raw vinyl chloride, the* But the government report says flatly industry plan calls for a 25-parts-per-minion* ~ that evidence to date doesn't indicate ``that ceiling this year, decreasing to 10 parts pcrii^.'T promulgation of the proposed standard will million by 1977. In both kinds of plants, ac-jTT1." stop vinyl chloride production and use." tual average exposure over an eight-hour | .f,!" The report, a draft version of an environ day would be less than the full ceiling, duel^fr,^ mental impact study on the proposed strict to differing emissions of the chemical at dif-| JvlT vinyl chloride standard, was made public ferent times of day, na<V54" yesterday at the start of a week of hearings There also was evidence at the hearings, I - dollars, up to several millions. . .Mercantile can help you too. on the standard. The hearings are expected however, that even average exposures j - -- to be dominated by plastics-industry spokes- below a 10-part3-per-miliion level can cause , -- - FREE BROCHURE -- "Mercantile . . . archi men questioning the scientific research on i disease. Dr. Irving Selikoff, noted occupa tects of imaginative and flexible businessS,lan cing* -- tells aU of the ways Mercantile car pro vide your firm with the casn it needs. . . wrr.e on your company letterhead to -- vinyl chloride and warning of economic dis tionai health researcher, reported ho hasal ruption if the standard is issued. found noncancerotn liver diseases among i Vinyl chloride, a gas, is thought to be re workers at a Dow Chemical Co. plant !n|c-``-' sponsible for 21 world-wide cases of a rare Michigan where levels of average exposure ! ' Mercantile FINANCIAL CORPORATION Commtreial Sinkers Sines 1917 69 W. Washington Sl Chic*?, ft* GQKS OfWr 0n. Tt. Bflx, 6 and fatal liver cancer, angiosarcoma. Tens last year were generally below 10 parts. He;t=r\ of thousands of U.S. workers are directly and indirectly exposed to the chemical daily cautioned, however, whether the diseases that were it wasn't contracted known;115 before!, rent: because it is the base product from which or after exposure was dramatically lowered - Sat J. Calif. companies make polyvinyl chloride, a pow by Dow in the early 1960s. MERCANTILE FUNDING CCRFGSATJON r Mapco Sees Net Rising!**/-Offices: Los AngeMs, CmI-I. and D*.*w. Cofe dery substance used to form a multitude of everyday plastic products. In April, the Labor Department cut tM-: workers' allowable exposure to vinyl chlor PINCONNING, MICHIGAN V ide to 50 parts per million in the air they In 2nd, 3rd Quarters breathe. The proposed rule being debated at the hearings would slash that further, bar les - SOUTH BEND, INDIANA . STREATOIf, ILLINOIS SEARCY, ARKANSAS t CLEVELAND, OHIO ring any "detectable exposure." By a Wall Street Journal Staff Reporter The study concedes that "production in CHICAGO--Robert E. Thomas, chairman WCU. some plants could be curtailed if reengi of Mapco Inc., estimated sharply increased thos- neering is required," and it predicts "mar earnings for the second and third quarters ' Exotic 0 LOCATIONS? Hot exactly, but locations where ITT, Owens-Illinois, Questor Corporation. Best Products Company and Montgomery Wards asked MacKinnon-Patker to be in volved, to work with them to solve today's critical construction problems. Design/ build capabilities...cosl control at incep tion-construction tinancing..."On Time" scheduling and completion-direct tenant criteria accountability...and construction management..Are but a few cf the d scipiines which can work for you. MacKinnon-Parker-- a young, aggressive and responsive lirm. Let us become involved in your ``exotic location" Call or write for free brochure. MacKinnon-Parker, Inc. 4750 W. Bancroft Street Toledo, Ohio 43S15 Phone (419) G35-3100 ginal" companies may need federal loans to compared with a year before. help pay for improvements. But it says Speaking to the oil group of the Invest p-rcc equipment needed to meet the standard ment Analysts Society of Chicago, he said two doesn't necessarily need to be elaborate, Mapco should earn $6.3 million to $6.5 mil and much progress can be made by improv lion for the second quarter, compared with ing "poor housekeeping and inadequate $3.1 million a year before. Per-share net maintenance." It concludes that "the tech should be 34 cents to 36 cents, compared nology appears to be readily available," and with 17 cents, he added. thus "substantial development costs" won't Revenue should rise to $54 million to $55 be needed. The contradictory industry which warns of economic chaos, position, was at million, compared before, he said. with $33.8 million a year tacked at the hearings by the AFT^CIO as Third quarter earnings should be about "blackmail.'' Peter Bemmarito, president the same as those predicted for the second; of the United Rubber Workers union, said. quarter, he said. In 1973's third quarter, the | "This country* survived for nearly two company earned $2.2 million, or 12 cents at hundred years without polyvinyl chioride share. I and we can survive, in the future without it." The improved results for the historically I But he also disputed industry contentions low second and third quarters are largely a! thnt the standard would end polyvinyl chlor-i result of increasing oil and coal production, i ido output, saying older plants can be al-j "This increased output is new evidence of! tered. and in new plants the task of meeting j Mapco's emergence as a total energy- com-! the standard is a problem "characterized by pany which is no ionger dependent or. sea-1 the will, not tire ability, to do the job." sonal demand for some of its products," hej Mr. Bommarito also accused the iudus said. | BFG29439 , \ f ... \ .r ^ r r/ --i - ) i \ i Hm -,i MH J 'ct-VAbaL-::