davidaulloa/AmericanStories huggingface dataset:
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1941-05-12

BERN, Switzerland-AP-An Ill
timatum TO Rumanian university
students clinging to the Iron Guard
and new series OF "house arrests
of persons accused of agitating
against the state were announced
today in official Bucharest dis
patches.
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1941-05-12

See ACCIDENTs-Page 6
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1941-05-12

VATICAN CITY Up - Pope
Plus named Pietro Cardinal F>uma-
soni-Biondi Camerlango or Cham
berlain of the Sacred College Of
Cardinals today at his first secret
consistory since March Z, 1910.
The Pope named several new
bishops, none OF whom were for
posts in the United States.
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1941-05-12

WASHINGTON AP-Authorita
tive sources said today the Agricul-
ture Department would announce
this week a government loan rate of
about So cents" a bushel for the
1912 crop. Such a rate would COM
pare with Sc cents for the 1910 crop
Both figures are averages. Differ
entails are provided for various
grades and locations with referenc-
es to terminal markets.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Hint Extra Price
For Mich. Copper

WASHINGTON. June 26.-Be-
cause OF shortage. copper soon
will have to be taken from the
very high-cost mines, such as
Calumet-Hecla and other mines in
northern Michigan. which will be
allowed a price differentlal, Price
Administrator Henderson told a
House appropriations subcommlt-
tee. Action on this matter will be-
taken soon.
I'VE are already allowing n
differential on copper a. far a.
the large smelters are con-
cerned." Henderson continued.
I'VE are holding the large pro-
ducers to about IL cents, and at
that price they are making
nice profit. We are allowing
the smaller smelters another
cent, and we are allowing some
OF the high cost producers ~
cents. III we can get any con-
siderable amount from Michi-
gan we will allow what price
Is necessary"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Stocks Chalk Up
Gains in Fairly
Active Trading
international New. service Wiz.

NEW YORK. June 26.-The
stock market developed a moder-
ate uptrend today in somewhat
more active trading.
Du Pont rose point. Some OF
the aviations were strong, with
Glenn Martin and Lockheed gain
ing large fractions. Aviation Cor
poration was very active and one
block alone aggregated $500
shares.
Amusement shares also were
prominent. with R-K-O turned
over in large blocks.
Reading was outstanding in a
firm market for railroad shares
and moved up TO new high. Big
earnings gains reported by lead
ing carriers for May was an in
fluence.
The latest government action of
prices restrained the auto shares.
Steel shares scored small gains
and coppers were better. The
utilities were unchanged 10 higher.
General Steel Castings preferred.
recent strong spot, lost over a
point.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26

The enigma of the outbreak Of
war between totalitarian Ger
many and totalitarian Russia
may perhaps he explained by
the fact that the over-running
by Germany OF countries IN CEN
trail and western Europe failed
10 solve the Reich'S total needs
for foodStuffs and other raw ma
terialS. ON the contrary, the
development of the conquered
and intimidated surrounding
countries into the united tcap-
tiyel states of Europe tended 10
widen the deficit of foodStuifs
and other raw materials.
The economic background for
the current falling out Of the
dictatorShlps which made some
show Of cooperation since Au-
gust. 1889. is set forth I'm
recent study made for the
BrookinS Institution under the
title "Nazi Europe and World
Trade, by Clcona Lewis.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Tire Shipments
Hit 9-Year High

NEW YORK. June Ship
.mentS of automotive castings dur
ing May totaled 7.732,S2S units,
according TO the Rubber Manufac-
.turers Association. Inc. This rep
rcsentS the highest months ship
mentS since June, 1882, when TO-
064,495 units were shipped. May
Shipments were 27S per cent
more than April and 344 per cent
above May, 1910.
Production at 6.072,823 units
was 4.3 per cent over April and
1872 per cent above May, 1940.
May shipments of castings for orig
inal equipment purposes totaled
2,700,4l9 units, an increase OF 15.7
per cent above April and $50 per
cent over May. 1910.
Replacement shipments during
May of 1885, loo castings were SO.
per cent above April and 331 per
cent above May. 1910, replace
ments. Stocks of automotive cas-
ings in the hands of manufacturers
May 81 were 1878. 324 units, COM
pared with 9.957.S49 castings on
April 30 and 10,522,523 units on
hand May 81, 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Examines Question

Miss Lewis examines the ques-
ton as 10 whether Mediterra-
mean Asia and Africa would
supply the self Sufficiency She
considers the production of AL
geria. French Morocco, Tunlsia,
Egypt and Turkey.
Her conclusion is:
These southern Mediterra-
mean countries provide some OF
the food and raw materials
needed by Nazi Europe, and
absorb a considerable volume of
the manufactures II produces.
However, IL their whole trade
were monOpolized by their
neighbOrs TO the north. Ii would
not suffice 10 meet the latter's
trade requirements. And.
whether they are In or out of
the reckoning, the situation
portrayed by the figures Is much
farther out of balance I'm the
case OF the larger area now
under German control than IL
was for old Germany alone.
That is. larger Germany would
have To import more food and
raw materials, and find larger
markets for manufactures. than
were required for the old
Reich"
OF course. Miss Lewis is
baSing her conclusions on data
of actual production in the past.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Wages Top Prices

More than that. they have
actually succeeded IN getting
wages advanced ahead Of prices
and this together with fuller
employment has given laborerS
greatly increased incomes. These
incomes, they naturally wish 70
enjoy. Nor do the politicians
dare % prevent them from hav-
ing this natural enjoyment.
Where rs the broader base"
for taxation? Where is Tho econ
omizinC and sacrifice Where j.
the pressure 10 induce 1aborcrs
10 save and buy government
bonds
We are never going 10 stop
the general rise ln prices a. long
as the government continues TO
pour out credit currency TO sup
port nOn-productiNe war indus
tries, thus giving laborers vast
sums OF currency 10 spend on
peace goods az least. not DIS
long As the individual lab0rers
are left free along with others,
10 spend their wages
- And what American politician
Is yet ready 10 stop this process
Our inflated dollar, are coming
home 90 roost in inflated pay
rolls What good arc they unless
spent? How can they be spent
unless prices rise?
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Stand Not Indicated

Perhaps wisely, the president
elect refrained from indicating
what kind of stand he intends
to take towards Wall Streets
overlords. members of the SEC.
Announcement of his selection
melted criticism. especially on
the basis that he was plant
New Dealer, the right bower of
RIGS Jesse II. Jones, and
therefore accustomed TO looking
at things through the admins
tration's eyes. Also, that he was
wholly innocent of training for
his new position.
Retired-President Martin Long
strove 10 play ball unquestion-
ingly with SEC. But he discov-
cred from experience that it
was impossible TO appease SEC
as various nations havea discov-
cred it is impossible TO appeaSe
Hitler. Finally. he gave up in
disgust, after characteriZing SEC
members as inadequately in
formed lightweights.
The impression I gathered
from Mr. Schrams guarded
references was that he. too. in
tends 10 placate the all-power-
full SEC.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Power Of Labor

Price control legislation is
likely TO come along with prop
erty seizure legislation and
news of our fighting activities.
The social planners" are
finding this whole problem
much complicated by the posi-
ton of laborers today Organ
lied labor, as-a polite II
pressure group has more
power than used 10 be the case,
and the politicians are very
careful not TO offend il. Thus
the changed outlook of organ
lied labor concerning imitation
is a very significant factor.
II used 10 be the case that
tabor" was among those who
are most hurt by initiation.
Wages were apt TO lag behind
rising prices, with the result
that living costs gained on labor
income. Labor leaders learned
this lesson, and at first il
seemed that they would be
among the chief enemies of in
flation. Now, however. they
seem 10 have become convinced
that they nave sufficient power
10 keep wages rising ahead Of
prices, or rather living costs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Price Initiation
Gaining Over
u. s. Control
By LEWIS HANEY

Professor Of Economics. y. \. IHi'er'it
The struggle between mtla-
ton and government control
goes merrily on. Initiation is
winning az the moment hut the
forces of augmentation are
massing on the border al Wash
ington. and we may be sure that
they Will strike IN due time Just
as Hitler has struck at Russia.
Initiation mems considerable
individual freedom. When the
individual il free 10 buy the
goods he wants. he may bid up
for them. Then If there Is over
extended credit we find price
initiation developing.
The attempt 90 prevent mia
ton IN prices, once the oVeT-oN-
tended credit has come INTO
existence. means an attempt 10
control economic forces. The
stronger the attempt the more
general becomes the control
over demand and supply forces
the more complete the rcgl-
mcntatlOn.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Cowlinq Appointed

Charles Abbott president of
Nash Detroit Company. an
nounccd The appointment Of c.
~ Cowling a. new Birmingham
dealer for the Nash Cowlng
will direct operations Of the new
Nash Birmingham Company. 467
South Woodward avenue.
CoWling. who recently re-
signed dS vice president and
general manager OF Automobile
Topics. dealer publication, has
been connected with the new
and used car business for many
years. Previous 10 his position
with the Topics, Cowling owned
and operated an automobile ex-
port company.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Detroit Produce

APPLES New stock IL bu. haskell,
yellow Yen transparent ! G 5 No "a "a
-e,stes, Northern srys. si.25al.5oi steele
AvocADos-cant. fats, l2s-2Os, ST sc
BEANS Md. bu. hampers. Bountfus
Sid1,5o. Valentines, Si75n2; Wax fat
type, NJ 25u $50, poorer low as soc
OKLA. bu. hampers, Round stringless, soc
BLuEBERRIEs- car l6.pint crates,
cultivated. cerophane wrapped l0c
CANTALOUPS Arizona crates Jumbo
27s, So 3 Is jumbo Sos. S3.6j14 jumbo
Jumbo 27s, So. p, Jumbo 36s 50 81
u4 jumbo i5s SO 7jut 10. std. 45s,
IS 80 pony f5s s. -.
CARROTS l. A crates 6-doz punched
Calif - 66n3l5. mostly S2.I523. Ariz.
CkCiIFLowFR wash rnn, crates. p.
and larger. 81 1du s.
CELERY Mich Hghbsu crates. s1c d
81 flat crates. s5asoc. i-do4 punches.
cHERRIEs- Men, loot crates
CoRN Alabama crates. 5-do7 White
fair condition 81 1O7il ~ Tea sacks
White, 3-6-doz., S2l5 yellow, 6.1-dol
cUcuMBERs Blu baskets, car
Pane $500 pT9ess'sd - q !, 20 %
La. marked Fanc, ordinary qualify fau
condition 81 poorer soc
CURRANTs Mich. i6-Qt crates. 81 Is
LETTUCE~l-L. \. Crstes Iceberg type
Csln salinas. 5-doz.. 1913 Z 90 mostly
So %. i-doz.. S3.759i, 6-dol, 50 d
oNIoNs-5 so IN sacks. yellow Bermudss
Texas. " : commercial and Y. : No l
- 2jd5. best mostly 81 10 T. No I
Crystal white WAY, 50 few. S3.25. L :
commercial So per cent a. : Nc 1 81 y
bosa T. s No T. mediums. 81 70 Jumbo
50 %: California g. = 80. ] yeiloNs -
POTATOES Old stock. 1O0-lh sacks
4 40 g. ldano Russet Burbanks, - 81
50 mostly - 80 Maine. various NaTie
ties r. = $50. I - 2i Michigan. moth
ms offered New stock. l0O-lh sacks Ala
hama. T. No washed Triumphs ~ q
so: a. = No. I washed Ions Whites
81 g. y 2 30 fair quality S2u2 10 Calf
f0ruia e. SO ! washed Ions Whites
including some stye A. 81 iO0255 mostI
81 80 North Carolina, o.. :. No Cobblers
washed 81 % -. unwsshed, S2u2 Is
ordinary condition showing derHy 81 81
TOMATOES - RcpaCks. t0-ln cartons
e5c 81 repacSd mEs. 81 95I2 Onto hot
huuse ts-in bsskefsl MEDIUM size ~ n
20 u; fair uuslfs. 9ic small size a0c
Texas ORIGINAL WEe. T. a 40 T. turn
ing and riuc. wrapped 6X6 - Louisiana
eXs mostly ripe Sis
WATERMELONS FiofiCs Tom Watsons
2s-l average soc 1892 lbs 500 S5c
piNIs Relies and similar varieties 2s-3
ms soc Cuban Queen Florida and Ceor
sic z022 lhs 21ls n &c 20 lbs soc
2A-ss lbs a. 2 i5c, fsw 81 SO,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Outlook ProbIematical

Unless he can handle them
more effectively than they have
been handled heretofore, the
outlook for the financial and in
vestment world will not be in
spring but tragic. since Mr..
Schram rightly characterized
the stock exchange as IAN ,in-
stitution whose continued vital
ity is of national concern.
According 10 reliable esii-
mates some 100000 TO 49,
100000 people in this country
own securities directly not
including that large number
who have an indirect ownership
through insurance and bank
accounts. 1t occupies a perma-
nent place in our economy
Not everyone present accepted
his dictum: 1T is illogical 10
suppose that the SEC is intent
upon either the destruction of
the exchange or the strangula-
ton Of security markets, the
cold. comfortless fact being that
many of its highhanded actions
have tended i towards these
shortsighted ends.
More heartening was his as
surance: Il do not subscribe 10
the theory Of government in
business except as an emergency
measure. He added that he did
not share apprehensions con-
corning competition from gov
eminent in the investment field,
a sentiment many OF his suffer-
ing hearers could not share.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Refrigerator
Sales at Peak

NEW YORK, June 26.-Sale of
household electric refrigerators in
May set a new high for the month
at 1889 units in the United
States and 424,636 in the world,
according 10 reports TO the Ma
tional Electrical Manufacturers
Association. This compared with
domestic sales of 35S.713 units and
world sales of 379,675 units in
May last year.
Sales for the first five months
were 2,020,237 units in world mar
ket and 1.92S.S35 in the United
States. This compared with world
sales of 1,505,911 units and do
nestle sales of l.431.605 units in
first five months of 1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Forbes
New Exchange Chief
Impresses Throne
OF Wall Streeters T.
BY b. c. FORBES

Emil Schram. the new paid
(S48.000-a-year) president of
the New York Stock Exchange,
made a good impression on an
overflow gathering of Q,650)
stock brokers and other Wall
Streeters, held last night TO
welcome him TO his thorny job.
Mr.. Schram was hailed with
warm cordiality. His frank, Dip
lomatic, Understanding talk
was frequently punctured with
applause.
He inspired goodwill by en-
phasiZing the essential role of
Americas towering financial
marketplace. a marketplace
where far more business, even
in these dull days, is done than
in any other marketplace in
America, probably in the world;
by assuring his hosts, the Asso-
citation of Stock Exchange
Firms, that he regarded them
as capable of becoming a most
powerful constructive force; by
paying compliments 10 the Sc
curities & Exchange Commits
sion for its earneStneSS and
praiseworthlnesS Of purpose; by
saying a good word for the work
done by his predecessor, Will
liam McChesney Martin Jr.. now
an army private-who was
present.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Nj. =. RukeySer:

of foreign fOOdstuffs. The ques-
tions 10 be considered are (D
the extent 10 which Germany
II dependent on outside sources
for food and raw materials, and
(2) whether. by enlarging the
area under her control, Germany
has attained independence of
foreign raw materials and food
stuffs."
After examining the record
Miss Lewis revealed that the old
Reich accounted for around 80
per cent OF its imports with food
and raw materials. whereas
manufacturers constituted 65 TO
so per cent of Teuton exports.
The enlargement of the Reich
by conquest, however, did not
solve. but. intensified the need
10 import food and raw mate
rails.
In such circumstances the lure
of grain from the Ukraine and
oil resources from Russia can
be statiStically understood.
In showing how liabilities in
the conquered territories offset
assets. Miss Lewis diScloses:
Taken a. whole. the trade
of the enlarged German area
il similar I'm character to that
Of the old Reich. The area Is a
net importer of food and raw
materials, net exporter of
manufactured goods.
"In the case of raw materials,
the existing German shortage
has actually been greatly in
creased by the expansion over
additional territory. Net imports
Of such commodities for the
whole OF \azi Europe are
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Foundry TO Keep On

Inc Pontiac Motors foundry,
which has been working 18-hour
days since last Summer. will
continue operations through July
10 meet defense and domestic
consumer needs according -
Supt Omer Allen This will
constitute the foundry'S longest
work year. Allen sand
Construction of a new mill
room and nearing completion Of
an addition 10 the coreroom will
provide 26.000 square feet Of
additional working space when
the new model year begins. Al
ready in place and use are more
welding furnaces, another bait
terv Of swing grinders. nine new
mills for small parts and con-
veyorS which now deliver east
lngS directly 10 The mills Three
new ovens are scheduled for the
enlarged coTcrOom.
Indicative OF the lift tho new
equipment Is giving output iS
the daily average for May, 7f5
tons
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
N. Y. Telephone
Head 10 Retire

NEW YORK. juno 26.-James
l. Fitzpatrick president Of New
York Telephone Company since
1888, will retire on July 81 in
accordance with tho companys
retirement plan. and will be sue
Iceedcd by James w. Hubbell vice
president in charge OF operations
for the company.
Carl Whitmore, vice president
personnel of the company was
designed vice president in charge
Of operations. Oscar NJ. Taylor.
assistant vice president of the
personnel relations department.
American Telephone e. Telegraph
Company. was appointed vice
president personnel TO succeed
'Whitmorc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Killers Proposal

What price blitzkrieg booty?
speaking before the Reich
stag on Jan. 80, 1889, Herr Hit
Ter proposed two ways by which
Germany might meet her chronic
shortage of dOmestically pro-
duced raw materials and food
StuffS." Miss Lewis points out
nm her survey. first, expand eN-
ports. with view 10 increasing
the volume OF her imports, sec
ond, extend her living space
fherehN achieN Ing Independence
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Credit Position

In this country during the
past decade, there has been
built up an enormously over
extended credit position. Now
individuals are using that credit
for the purpose of buying goods.
The government has begun by
warnings and threats. II has
talked loudly and carried little
stick. Accordingly the results
have been small. and prices have
risen steadily, on a broad front,
particularly farm prices.
Clearly it would take much
more drastic and general con
troll over business IN order TO
stem the rising tide. Therefore,
since the individual ceilings
and the talk do not sweep back
the tide. il is reported from
Washington that the moderate
policies of OPACS are proving
inadequate Legislation providing
for general price control has
been under consideration at
headquarters for some time. Be-
fore long. ii is likely TO be
brought forth and pushed.
Doubtless the timing will have
good deal TO do with the
tempo of the nations war eff
forts. The political powers that
are holding back the unpleasant
aspects of what they still call
defense" have been very slow
TO tell us the bad news concern
ing taxation and other hardships.
Just so, the iron fist of general
price fixing, if it is to be shown
at all. will probably not be ex-
posed till actual participation in
the fighting has reduced us to-
economic insensibility.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Predicts New Materials

Il am certain that az the
automobile industry contributes
its many materials and processes
Ia current defense needs, auto
mobile research engineers
throughout the nation will in
troduce alternate materials Of
equal or superior quality.
Because of the millions OF
dollars spent regularly by the
automotive industry in research
and testing. there has never VA
been time when new materials
introduced did not demonstrate
eventual superiority over the
former types used"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Detroit Edison S
Output Scars

Total output OF Detroit Edison
Company for the week ended June
% was 82,017,0 kilowatt hours
a gain of 2S.7 per cent over the
SO. $4,000 kilowatt hours of the
corresponding week in 1910 and
practically unchanged from the
81, $4,000 produced in the preced-
ing week.
Industrial output for the latest
week was 4l,422,000 kilowatt
hours, gain of AZ per cent over
the 2S,96l 900 of the corresponding
period last year and about un-
changed from the 41,l65. 900 kilo-
watt hours of the preceding week
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
New Account
Firm to Handle
Cameo Cleanser Ads

CHICAGO, June 26.-Cameo
Cleaner advertising account has
been placed with MacManuS. John
e. Adams. Inc, Detroit agency.
according 10 Thomas +. Barnes,
president Of Cameo Corporation.
The account will bc supervised
by Kenneth II. MacQucen, head Of
the McManuS food department..
assisted by Verne Kirby Initial
advertising will be a series of in
troductory test campaign in q
selected list OF cities.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
New SteeIs Evolved

Harking back 10 the first
World War, Skinner recalled:
Auto manufacturers during
that period contributed TO ma
tional preparedness In many
ways. The facilities of all were
placed NJ the disposal OF the
government.
"Stylists, metallurgists and re-
search engineers contributed
their share with much success.
Among the many benefits de-
rived from this aid was the
development of chrome-molybde-
mum steeIs which were supplied
To airplane tubular structural
work. Processes devised In this
development were subsequently
applied To metals used In auto
mobile production.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Auto
Automotive Genius
To Meet Challenge.
Skinner Believes

Defense preparations in this
war, like IN World War !, will
provide new opportunities for
the creative minds of America
10 demonstrate even greater i'm
genuity, S. f. Skinner. general
manager of Oldsmobile, believes.
II have faith I'm the ability Of
autOmotive engineering genius to
meet any and all challenges Of
the days ahead" said Skinner.
"The genius of the engineers
and research men In this indus
try has been proved too many
times. Every period of national
emergency. whether military or
economic. has been answered BY
new triumphs."
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
Stocks Of Gasoline
Show Slight Decline

NEW YORK. June % Amcri-
can Petroleum Institute estimates
gasoline stocks were reduced 562,-
600 barrels last week to a total
of 9l,9l6000. Refinery operation
were 89.S per cent. up % Crude
oil output averaged 1857 600 bar
rels daily. UP 1880.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-26
70 Get Ample Chance

I have found the better ele-
ment in Wall Street-and they
constitute at least 80 per cent
are excellent sports. They will
unquestionably give Mr.. Schram
ample opportunity and Co-opera-
tion 10 make good Every citizen
will be affected by the. result.
Copyright, 194i by r. {. Forbes