davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Stock Market.
Continues Weak
In Slow Trading
International New, Service wire


NEW YORK, May %. - The
stock market met some support
today after the fair-sized reaction
of yesterday, but the general un-
dertone continued soft.
Price changes were extremely
small and trading proceeded at a
lstless pace from the opening.
Sluggishness OF the market was
emphasized by the fact many lead
ers failed 10 put in an appearance
until late in the morning. Inter-
national NickerS first sale was
around 1S:45 o'clock. while Bethle-
hem Steel, Westinghouse Electric.
United Aircraft, Douglas. Ameri-
can Can, Goodyear and General
Foods were absent from the tape
up TO midday
United States Steel advanced a
fraction. as Youngstown Sheet and
Tube lost as much. General Mo-
tors held around last nights close,
but ChrySler slipped about half
point. ScarS-Rocbuck caScd as
Montgomery Ward moved slightly
higher.
Dow Chemical stood out with 2
slide of more than a point in a
generally mixed chemical section,
Utilities. railS. aViationS and
amusementS also were mixed.
Most copperS were easier. Others
10 lose ground , ere General Elec-
trio American Telephone and
COca-Cola. Alaska Juneau and
Twentieth Century-FoX slipped to
new lows for the wear.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Little Relief
In Sight From
PA>Spending
BY LEWIS HANEY

Professor Of Economics, n. y. University
Suppose that you were facing
an increase in your tax of $3.50
a year. and that some one were
10 rush up to you with the an
nouncement that your annual
living expenses would be reduced
by $3.50. Would that make you
feel much better?
Or suppose some authority
had proposed to reduce your eX-
penses by 500, and after long
delay, a superior authority an
nounced a relief of only $3.50.
Would you become enthusiastic?
Well, that is about what the
Presidents first and only step
toward government economy in
non-defense eXpen lures
amounts TO. We are being asked
to add over $500, 600, 600 to our
taxes. Mr.. Morgenthau has sug-
gested that peace-time expenses
could be cut by 81 200, 100000.
Now the President announces a
proposed cut in our WPA spend
ing that amounts 10 only tenth
of II. and al the same time in
creases our youth administra-
ton" spending by S60,o00 900.
leaving a net economy Of only
$40 600 600
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Means Of Power

Apparently. WPA spending Is
now being put in its proper
place as a means OF political
power
This admission should he
chalked up as another error. If
the now-admitted Thanksgiving
Day error makes a batting av-
erage of .999. surely this one
should bring the average down
at least 10 1893,
l2l But in addition 10 ad.
hitting a probable relative small
gain in employment, the PreSi-
dent argues that unemployment
will not be decreased in proper
ton TO the gain in employment.
This. he says. will be due TO
population growth; additional
seekers of employment among
youths, students. and farm
hands on "submarginal farms
many workers located in re-
gionS remote from defense jobs,
and many types whose abili-
ties are not in demand.
In this list. two points stand
out. One is the fact that the
drafting of millions of young
men for military service should
far more than offset any addi-
ton 10 the ranks of young job
seekers. Furthermore. with
farm aid rising so rapidly. it is
certainly not the "submarginal".
nature of farm that will cause
a farm worker 10 seek industrial
employmentD
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Even Better

This column recently men,
toned j. +. Sartor.. chairman
of the Security-First National
Bank of Los Angeles. as one of
the mighty few men who have
headed a business for half
century. To set the record
straight. Mr. Sartori. friend of
almost 30 years standing. writes
me.
you date my entry into the
banking business as an officer
and organizer Of the Security
Trust and Savings Bank, now
the Security-First National, as
Of Feb. II, 1889. In case COM
petition becomes keen. l can go
back two more years to July ..
1887, when the First National of
Monrovia. Cal, commenced bust
ness. helped organize that
bank and was its first cashier
and active officer.
when moved to Los Angeles
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Forbes
BY Il. c. FORBES

Charlie Wilson, president of
General Electric, early learned
10 look after himself. AS a re-
suit of the crowdlng and crush
ing which attended the opening
of Brooklyn Bridge, his father
died when Charlie was toddler.
When only u. Charlie took a
12-hour-a-day job as an GRAND
boy, eager TO case his mothers
hard lot,
He disciplined himself to get
along on five or six hours sleep.
Also, ne disciplined himself, not
only to the hardest OF hard
work. but TO keeping himself in
prime physical trim. Men sana
in corpore sano'-he ardently
believed i'm that. "A sound mind
in a sound bod" even though he
couldn't interpret Latin.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Detroit Produce

APPLES Michigan q. inch bu. crates
unless otherwise stated Delicious 81 %:
Spys ~ .25n 80: Steele Reds, 81 40r 80.
linen up Sill -.
AVOCADoS California flats I6s-24s, -
~ . So fair quality, ~ 7o7 SO.
BEA \ S Bushel hampers Louisiana
Bountifuls 81 2ja 2 50; Valentines. - rs;
few 50 wax type, S2.75; few, 50. fair
BETS Texas 's.crate, o-o's doz,'
ROCCoLT-Californis pony crates 2s-30
CAEBAGE-Los Angeles crates round
type, Georgia; Si-75. Louisiana, fair condi-
ton. 81 5Oal 90; Mississippi. Si.75a l. So;
pony crates. 81 20. y crates, SIS y 90c;
Georgia - bu hampers. 81 25n133
CANTALOUPES- Salmon Meats.
crates jumbo 36s and ASS. $1,000 >. 30,
standard ASS ri l5H 425. pony 54s. 81 20
as, Imperial Valley California Jumbo sos
and ass 1925; standard 45s, s425; pony
SITS 81 1913.
CARROTS Los Angeles crates q dor
bchd California. 81 75n 3. mostly $1,000
g. Arizona - 90n g. irregular size fair
condition, - 5o1 ?. 81. Texas doz., 50. 20.
CAULIFLoWER Nothing offered.
CELERY California wirebound crates
Pascal type 81 doz., 50 -; Florida l6-inch
Pascal type IS 20 Xxx. ordinary 20 fair
condition 25. Golden Heart. doz.,
- 75n3.l0 fair quality. 80 50. 6s. 80 15p
Is. doz ? COZ IS; ordinary 20 fair
QAhIfA. ~ - =. ~. ~ uOLtt - oVt lhi Nthi-
ity 50 ks. ~ 10: fair quality $50;
crates II hearts wrapped, ? y doL. 81 50,
fair condition $50.
CoRN-Texas sacks SO dozen white,
CtCTMBERs 49, Blu baskets Florida
fancy So. choice - 25W 50. large size
sucets 50 Alabama fancy. y 30 ~ 8;
Cuoice s. 25H2 80.
California salinas, . doz. SO 70 %.
fair quality SO so. doz, S3.J0df dox.
S3u325 fair quality So -. ordinary quail
ty S225: Washington, ) doz, - lOq 40 ,
{ doz. ~ -,
kets Ohio and Michigan. soc
ONIONS News stock; Wide range IN
quality. condition and price Texas oo-lo
sacks, T. s Commercial yellow, Bermudas
fair condition. S2T2.2j. ordinary quality
and condition 81 0l.25 Crystal White WAX,
l. s Commercial. fair condition, 81 25n
, so. ordinary condition sl73n2: Baoosa,
4 5. No /, 3-inch minimum -; medium
size pinch TO 3-inch. ~. 80 " 2.65 Louisi-
ana 50-lb sacks. Creole onions, few sales
81 -.
POTATOES stock: i00-lb sacks.
o. $ No unless otherwise stated; Idaho
Russell Burbanks. 81 500 80; mostly
Sis: lob sacks % 23c. various vari-
cites. Maine. 10 " i.75; l5-lb sacks, 2sc
Michigan Russet Rurals ~ - ! 10; Chippe-
was - Is: Upper Peninsula Green Noun
talns. Si.35 New stock Alabama ioo-lb
sScks L. s No. I washed Triumphs, 81 20
LEO. mostly SIS. unwashed, $40 n
1855. o. 5 No. !. b size, 81 = las. iO0-lb
sacks. u. $ No. l Long Whites, too few
sales 90 quote; LOUISIANA i00.ib sacks y. :.
SO 1 washed Triumphs, ~ 75n so. Texas
5O-ih sacks 4 s No. ! washed Triumphs,
S1.3511.f5. California i00-lh sacks u ;.
so washed Long Whites. 81 so ~.
mostly 81 50: u SN Commercials. 81. IS ~
i IS. b0-lb sacks u. s. No. washed Long
Nhuea a0c
STRAW BERRtES 2f-qt crates Missouri
IS : 80 ] Aromas, generally fair condi-
it0n s. 50 few Sf.7j, Kentucky No. 2
unciassihed ordinary quality and condition
S3r325. Bakemores and Aromas. 81 %
TOMATOES i0-lb cartons repacks
81 80 Ohio dollhouse, s-lb medium 81 81
ai.4o.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Still an Athlete

Few executives Of his age. 81,
could match him in physical
proves. Six feet two. with the
shoulders and muscles OF
wrestler. he can play handball
for. hours at a stretch: loves To
land marlin. the bigger the
better; rides horseback strenu-
ously, shoots golf in the low
eighties. If need be. he could
earn his living as professional
bowler Not so long ago he
knocked down 299 pins out OF a
possible 300.
Since his responsibilities null
tiplied he has turned TO flying
in order TO cover G.. Els wide
spread plants and offices.
Here is his philosophy in a
nutshell.
III fellow wants something
badly enough To work hard
enough for il, he will get what
he wants. There just amt no
golden chariot that will take
you there"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
WastefuI Purposes

Inc other TACT Is the curse OF
the WPA. namely the fact that
il uses labor" and pays wages"
for uneconomic or waSteful
purposes. Why, / ask. shouldn't
skilled men move from the Ar
kansas region if they are
needed for defense work in the
Virginia region? Above all. why
should there be in the WPA
many types of workers who are
not in demand?'
If. in these days Of debt and
emergency. we have to pay hum
dreds of millions Of dollars for
work" which is not I'm de-
mand," something is very wrong.
/ doubt if any really valuable
service exists which cannot be
used by the army or navy.
The Presidents proposals that
WPA jobs shall not automati-
cally terminate in 1S months. as
they now do. and that they shall
not be subject 10 investigation
once a year, are bad. If, as he
alleges. these existing limita-
tions cause hardship TO any one.
the hardship may be lightened.
But this is no time 10 let down
the bars and consolidate politi-
cal machines.
AS to his proposal TO put
aliens on the WPA, the thought
of most of us is that if these
persons need relief ii must be
given to them. But we already
have too many WPAers of our
own
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
American General Cornoration

declared special dividend of 10
cents on common. payable June 30
TO stock of record June . The
previous payment was 30 cents in
1896.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Livestock Markets
IT1~RI R(.U

PITTSBURGH. May % - GNSl -
CATTLE Receipts % steady steers
choice Sll al 90. medium 90 good. 50 30
so common. S7.JOHg2j; heifers
medium 90 good. SSu9 common. S6 - ID
$50 COWS medium 90 good N6.J0U : 80 .
Gamers and cutters. N516.j0' bulls. good
20 choice. ~ IS 1925, common TO medium
So 16.15
HOGS Receipts zoo, active ard 2JC
sher l6u-is0 his. $500 9 Is is0-221
Ire 50 f5t 50. 22ut21O lbs. ~ so q . 50.
300 lg0 ib. ~ f0tq 80 iOo-i1n lbs. Ssu
O. coughs 50. jdus50
SHEEP Receipts 500: market asking
steady bidding lower. choice lamns
$40 IS ~ ln. a0 medium go good Xs.2jtt
e.2a common lambs IS o. 80. ewes Stu
3 1u wcthcrs. NjVj.5 30, Spung lambs.
81 - 5u.
CALVES Receipts 1875 slow and steady
ArHd o. choice. S1l y medium, So
10 go. cuus and common, So az 80.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Farmers Market

App vs. Delicious fancy 50 rs bu
SI25 sa 5o No , T 70 n 56e J9aaihan. &C.
fancy. 81. IS bu M. J. GOO fAllSi 40
2. 50a75e Northern spys. fancy 81 bu.:
30. /. Si.25 so, 10 2 15c 81 No
Iniosh. fancy sI.Tja2 bu No I, 81 25f
30 No 2 75caSl. steele Reds fancy.
81 IS bu.. No /, $3.50 $50. 40 ?. 20
VEGETABLE GREENs-sorrel. 40 . ede
hu kale. 80 z 75c bu.. mustard. % use
bu turnips. 7od Sc. spinach. No !,
20 sOc No 2 80 soc leaf lettuce, -
q sOc lob baskets collards. No. ]. 81 IS
ASPARAGUS Fancy. 81 25 dor. bchs
No /, s3c0Si Ne ? 5Op63c
BETS No. / eoc doL. 1chs.; 400
cARRors-No. / 7oasoe bu 80 ..
CELERY RooT-No ! 75caS bu.
CHIvEs No. l. j0u75c doz bchs
EGGs- I.srge ~ 5ons 7ordoz case;
HoRsERADisH-No / s22s0275 bu.;
Il LETKsENo' i. 4oaeoc don bu.
! 60. No 2 aOcnSi green. fancy. 4an
SOC No l. 80 y i0c; 40 ? 25c doz. bchs.
PARsNIPs- !, 80 . SIC bu.
PARSLEY ROOT-50 u TJc bu
table. So } s5c: eeraniums - asa 50 H.
20, fat pansies. 81 % 2 80.
PoTAToEs-No ], 500 s5e; No. J,
PoULTRY-Hens live heavy breeds.
2On 22c 10 leghorns. isH zoe hroilers.
heavy, 23u 25c II. leghorns. 100 2lo ~:
ducks 15N i6C
RADISHEs s0c 81 10 don.
bchs Ions white a. soc
RHUBARB-O outdoor 25 BE don bchs.
RUTARAGAs- No J. 50 r. 7jc bu
TOMATOES dollhouse. No 81 1d4 ~;
No 2 Si7512 IAN basket
TURNIPS- / 81 % bu No soc
VEGETABLE OYSTERS No. l. soc
81 doz. bchs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
GE Head Learned Early
To Look After Himself

In the Fall of 1888 10 help
organize the Security Savings
Bank, I continued as vice presi-
dent OF the First National Of
Monrovia until IL was merged
with the Security bank In 1924.
can, therefore, date my con-
nectiOn with this bank as an
officer from July 2, 1887, nearly
81 years ago."
He kindly adds:
"YOurs Is one column I find
time to read each day"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
COST ACCOUNTING

Kilecn. connected with the GEN.
trail office cost section since 1922.
was made assistant comptroller Of
the corporation IN charge of cost
accounting. lie is - and married.
SaraSon was appointed assist
ant comptroller Of the corporation
in charge OF central Office general
accounting section He has been
in the department since 1922. He
is 50. married and has two
children.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
No-Sdg Spring Pays
50-Cent Dividend

No-Sag Spring Company has de-
clared a 50-cent dividend, payable
June H. To stockholders of record
June ). bringing total payments
in the fiscal year ending June 30
to Sl40, compared with SIPS in
the preceding year.
Sales for the 10 months ended
April SO were S462, 716, compared
with S344,402 in the like period a
year ago
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Utility Equities Corporation de

CIarcd dNidcnd N 81 on SOD
dividend priority stock IN arrears.
payable June rs 10 stock of record
June -.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Utah Power 4 Iigh; declared

dividends of SITS on I per cent
preferred, and Sl.50 on per cent
preferred, both payable July ! to
stock Of record June > The same
amount was paid April !.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23

James TalCOtt, Inc, declared
a dIXl dcnd of 10 cents on
common. payable July l 10 stock
of record June 10. The same
amount was paid Rpril /.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23

APPLES Michigan 2 = Inch bu. crates
unless otherwise stated Delicious. 81 rs.
Spys ~ 25u I 30. Steele Reds, 81 40 u 80
-iucn up Si.l511 -.
ANOCADOS- California flats 16s-24s, -
fr2-tiJ, fatr quality. 81 7dr I SO.
BEAN Bushel hampers Louisiana
Rounflfule 50 25d . 80. Valentines ~ rs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23

f2rtdti Strtr~ fuf- the -fotifH months
ended April 30 totaled 1,S74Sl7
InllS. compared with l,379,3S6 I'm
he like 1910 period.
Dividends
Bath Iron Works Corporation
declared dividend of p cents,
PAYABLE July ! 10 stock of record
June 10 A similar dividend was
paid April !.
+. LOrilIard Company declared
a dividend of 30 cents on common,
payable July | 10 stock of record
June 10. The same amount was
paid in April 49,.
Thew Shovel Company declared
a dividend of 30 cents on COM
mon payable May - to Steelref
record May 26. Payments last
year were 30 cents August Is and
81 December 20.
Catalin Corporation Of America
declared a dividend of 10 cents.
payable June 10 10 stock of record
June - Payments in 1910 were
10 cents July 10 and Is cents De-
cember Is.
Southwestern Light and Power
Company declared a dividend of
$50 on SO preferred payable
July ! TO stock of record June 90
The same amount was paid April |.
Emporium Capwell Corporation
declared a dividend of 35 cents on
common. payable July 10 stock
If record June - -,rhe-Same
amount was paid April 3.
American General Corporation
declared a special dividend of -
cents on common. payable June 30
to stock Of record June . The
previous payment was 30 cents in
1896.
Union Premier Food stores,
Inc declared quarterly dividend
Of - cents on common. payable
June IA to stock OF record June 3.
The same amount was paid-April l.
James Talcott, Inc, declared
a d MD lend of 10 cents on
common. payable July l 10 stock
of record June 10. The same
amount was paid april l.
Utah Power 4 Ligh; declared
of SITS on 7 per cent
preferred, and Sl50 on 6 per cent
preferred, both payable July ! to
stock Of record June > The same
amount was paid April l.
Utility Equities Corporation de-
clarcd a dividend of 81 on $3.50
dividend priority stock IN arrears.
payable June rs 10 stock of record
June -.
Van Norman Machine Tool Com
pany declared a dividend of p
cents on common. payable June
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
April Auto Sales
IS Pct. Over 1910

Retail sales of new passenger
cars and trucks in the United
States in April totaled 557192
units, an increase of - per cent
over the ll1277 units sold IN
April. 1910 according TO the Au-
tomobile Manufacturers ASSocla-
ton.
fertati ~trir~ for the fotir months
ended April 30 totaled 1,S74Sl7
units. compared with 1879, 1886 TN
the like 1910 period.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
DetrOiterS
Promoted
by GM

Edward Riley of New York has
been named general manager OF
General Motor overseas opera
tionS, it was announced today by
Alfred p. Sloan Jr.. GIN board
chairman.
Riley succeeds Graeme X. How
ard, vice president OF overseas OPP
Grafton since July. 1910 He has
been acting general manager since
Towards elevation.
Sloan also announced promotion
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
StdIey Co. Retires
1900 Pfd. Shares

NEW YORK, May ga. z.
Staley Manufacturing Company
has called for redemption on July
l. 1871. AT Sll0 a share, 1000
shares of its Z per cent preferred
stock, out of a total of 1880
shares now outstanding.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Metal Markets

New York and wholesale nonfcrrnus
metal quotations supplied hv Federated
Metals Division. Detroit. Spot. 80 per cent
tin nominal. New york ~ ~ ftfitfrr go
Sc Jake grade copper delivered Midwest
- eiectrnlytic spot smeiter Y q l. ~
casting copper 1925 50 Louis lead 90
- Louis zinc : 25. New YORK aniimony
II. Virgin aluminium -
All metals moderate Export copper ~
resale nominal. ~ 50. Free sterllne eX
change. tf03s.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Political Abuses

Moreover. this small economy
is accompanied by proposals TO
let down the bars for even
greater political abuses of the
WPA organization.
The Presidents arguments
should interest every citizen.
First. he states that the huge
increase in spending for defense
and aid 10 Britain will affect
employment.
Then he proceeds 10 argue
that the effect will not be
enough to warrant much econ
omy in relief. His reasons arc as
follows:
IL Employment cannot he
expected 10 increase in tho same
proportion as the increase in
expenditures.
This is an interesting admits
sion that government spending
is not the sovereign remedy
that it was formerly declared by
the pump primers The New
Deal economists arc prone TO
treat spending as identical with
production and employment. In
the past. the administration has
been ready enough 10 accept
that assumption. now. when IL
wants 10 keep the WPA. il be-
comes more analytic,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Brokers Loans
Up "A Million

WASHINGTON, May %. -
Loans 10 brokers and dealers in
the week ended May u tolaled
$685., 100000. up S14.000,000 from
the previous week. but a decrease
of ST. 100000 from the ike week
year ago.
Other loans for the purpose If
purchasing or carrying securities
amounted to Sl63000000, up
$4,000 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
CHIC AGO

CHICAGO. May % Inns HOES
Receipts 70 600. 10 60 20c higher. Hold
overs Ou0 top. 50. 80 bulk $500 50 80:
teayes. 80 GO 50 5o medium 50 i5r
~ 5u. lights 50 10 90. light lights.
Ss Cd Ne 10 packing SONS, s. 90 p 80 40;
piEs. - IOu g 90
CATTLE 900 steady Calves 000
steady Beet steers choice Sil Si3 %.
mediums - s0 S11. yearlings. s. 25U
Ni1 %. butchers heliers 81 500 II Is:
cows 81 90 s.7i bulls 81 80 80. calves.
81 N15 tretere $50 Si1.Tj stoCkets
-terrs. IS ST. COWS and heifers. 81 a.
50 Ti
sHEFP--s 600: STEADY Lambs $40 J01
Nfl common. SO 50 so So. springers.
$40 30 Sll %. feeders SgatSiU. yearlings.
$3.50 $ so, sh1fn ewes, SO so 81 80,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23


of four Detroiters, .- Charles p.
Stiffler, Walter n. Potter, Wall
lace G. Kileen and j. A. Sarason.
WITH en- SINCE 1919
Stiffler was named general as
siStant comptroller OF the corpora
ton. He had been general man.
ager of United Motors Service
since 1898. An employe OF Cen
eral Motors since 1919 he was
connected with Pontiac and Buick
divisions before he joined United
Motors as assistant general man.
ager in 1886
Fifty years old Sunler is a
member of the 4. and a. Scottish
Rite, MoSlem Temple; Mobiles OF
the Mystic Shrine Detroit Ath-
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23

letic Club and the Orchard Lake
Country Club. lie Is married and
has two children. He lives in
Birmingham.
Potter succeeds Stiffler as gem
eral manager of United Motors.
With the division since 1919. nc
previously was general sales man.
ager. He is 46. married. has one
daughter and lives at 1876 Muir
land avenue.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23

Union Premier Food stores,
Inc. declared a quarterly dividend
Of > cents on common. payable
June IA TO stock OF record June B.
The same amount was paid-April l.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
lower Re-ele(ted
Steel Institute Head

NEW YORK. May Walter
S. Tower was reelected president
of the American Iron and Steel
Institute by the board of direc-
tors. All officers and directors
also were reelected.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23

Turning 10 the present Situa-
ton. the New York economics ex-
pert declared that America has
gone "a long. long way from the
economics of free enterprise along
the road toward state capitalism,
il not totalitarianiSm.
ave must recognize that this
Is going 10 be a total defense
economy, as President Roose-
Welt has stated, and now il is
becoming obvious that this will
undoubtedly mean totaliiarian
economy i'm contrast 60 an
economy of free enterprise" ne
declared.
II will not be surprising. Irwin
continued. If. among steps bN
which the administration Is seek.
ing TO control prices and offSe'
"the broad base we have for WILD
initiation" country-widc agita
ton Tor compulsory savings i
launched soon
1T is long, long way from
free enterprise in which people
choose what they will save 10 an
economy in which they may he
told how much they will save
and possibly be compelled 90 do
II through pay roll deductions
he said
The huge grants the fedora
government is making 10 private
interests for defense and indus
rial expansion are. Irwin sand
nothing more nor less than stat,
capitalism
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
Payment Increased
BY MiUomati( Hone

Micromatic Hone Company has
declared a dividend of Is cents.
payable June 10 TO stockholders
of record June 5. The previous
payment was 10 cents, Dec. %.
1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23

FNsTI BJFFALO- MAY = -tlNsl-
HOGS Receipts 300. market slow good
tno choice lsO.220 lhs held strong 20
shade h.Ghcr 80 S5Ie 90 trucked- Sins
no $50 I1s sold steady So 90 90 largely
81 F7 So rough aru welehtk sovs
81 sITN fu
att. p EeceIrtE 1000 COWS and bulls
unchanged cutter and common COWS
So gn sl. rauucr 81 6U1 d 90 Veightl
ss cage bulls 90 - 80
CkLVFs Receipts 100; Neslefs seady
.H.f and choicc Si2 odd head. Si2 81
common and medium. tsg II 50.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-23
p. LorilIard Company declared

a dividend OF 80 cents on common,
payable July TO stock of record
June 10. The same amount was
paid in April