davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Auto
Engineer Resenfs
Aspersions on l942
Models High Quality
BY sILER FREEMAN

Automotive engineers have
watched the public reaction to
the 1912 models with more than
their usual interest. For one
thing, they felt rather proud of
their efforts TO replace mater
ials which had grown scarce be-
cause of defense needs and be-
lieved they had done good job.
The diffident attitude on the
part of the public has not az
fected the engineers as much as
the aspersions on the quality
that has been impaired in the
cars because of these substitute
or alternate" materials. The
rumors, inaccuracies and plain
transformation have made them
resentful.
B. II. Anibal. chief engineer
of Pontiac. has taken up the
cudgel on behalf of the industry.
He points out that car manu-
facturers have always welcomed
changes and thrived on them
without causing much public
concern. Why all the suspicion
now? he asks.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
MARKETS
Us. Silk
Industry
Doubted

WASHINGTON, Nov. Slack
ing imports from Japan, production
Of silk in the western hemisphere
would be desirable, but il would
involve extensive research and
probably other assistance. the De-
partment of Agriculture reports.
Chief barriers TO silk production
in the western hemisphere, IL was
said, are the large amount of hand
labor required in caring for silk
worms and the expense of the
reeling process by which silk CO.
coons are unwound and several
strands are blended 10 form
thread. These factors. plus the
fact that substitutes are available
for most uses of silk are the prin-
cipal reasons why the American
republics in their current drive TO
produce new crops have given less
attention to silk than to rubber
and other tropical products, for
which there are no readily avail
able substitutes.
At the same time, there are
some products, notably parachutes
and powder bags for large-caliber
guns, for which silk substitutes
have not been thoroughly salts
factory To- date. AT present
prospects for remedying this
hemisphere deficit are discourag.
ing, but through modern mechan'
ical developments the picture coulc
some daY change. il was said
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Farmers Market

APPLEs--woif River. fancy, s11i2s
ou. No. /. $50 s5e; No. ?. soc Mcintosh.
fancy. 81 eu.; No. / s.2sg l:75; No 2.
No. 2, 75c bu; Jonathan, fancy. Sis bu.
No. 1. Sl.25H1.50 No. 2, 81; Dehctous
fancy. 80 bu.: No /. Si.5Op IS bu: No
2. ST.: Northern Spy. fancy, 81 bu.; No. /
81. 50a1.73; No. 2, Si25; SHOWS. No. 4
sial5O bu No. 2. Use, Wagoners, No.
BEETs~Fancy. 81 bu: No. /. 2Oa i5'
dozen punches, 50 a CSC bu.
/ BLAcKBERRIES-No. !. $3g3.oO 24-at
BRoccoLI-No. 1. si.5oa2 bu.
CABBAGE-No. /. 50 n soc bu. No. 2
4oc; red, No. i, cog 75c ou.; curly, NO. l.
cARRoTs-Fancy. S125 bu; No /. 40
a 45c doz punches s5c 81 bu.; NO 2.
zoe dor. punches; 75c bu.
cAULIFLOwER--Fanc S1.75; No. /, 81
q !. so bu.: No. ?. 75e.
CELERY-Fancy. 500 ooc' No 1, 3on
4Oc No. 2, 15d 25c doz punches.
CELERY cABBAGE--Fancy. 81 bu.; No.
cRASBERRIEs - No. /. $4,000 1s-
DGLL-4o a soc dozen punches:
EGGs-Large. S13. 500 14.25 30-doz: case
medium. S11. rs n 1925: small. $i0a 10. 90.
oNioNs--Green. No. !, 35gaoc dozen
/ yII5aI25 sO-Ib. sack; No. 2. Use:
PARsNIPs-No. i, socg $l'2o; NO. T.
PARSLEY RooT-No. 1. 5od75c bu
JPkRsiFYD-No. /. 351 soc doz. behs.
PEARs-No. /. -75c q 81 bu. No, 2, Soc-
PEPPERs-Green. No. ], 81 ISc ou 4,
red. NO /. sO@soc bu No. 2, soc M;
red sweet, No l. S019Oc bu: NO. ?. DOC.
nor no. /. so n soc; 40. 2 SOC.
POULTRY-Hens. live. heavy breeds. is
N 2Oc IN; Ieghorns. I7d1sc III; broiiers.
heavy. 81 d23c; leghorns, lsg zoe; dueks'
PoTAToEs-Fancy. sl91.io bu; No. J.
rs "a s5c: No. 2. soc.
PoTAToEs-Fancy, $l9l.10 bu; No. i.
rs n s5c: No. 2. soc.
PUMPKINs-No. ]. 40I60c bu.
PADIsHEs-Red, No. ], 65n75c doz.
bchs: No. 2. soc; horse. NO. L. zoe q 81
ok. bskt.: long white. No. /. 6oa75c.
Table queen squash, No. !. 5oas5e; NO.
2 t0c: Delicious. No. 1. 50Ge5c bu.
TOMAToEs-No. 1, S2g2.50 ou.; NO
TURSIPS-No. 4, 500 4Oc doz bchs; 70
n eOc bu: No 2, 80 n soc hu.
VEGETABLE GREENS-Romaine, No.
l. 5OdT5c bu: escarole. No. 1. 50I CSC
nu: endive. No. /, S16l.25 bu; No. 2,
75c: kohl-rabf.a No. !, 35n SOC doz bchs
sorrel, No. 1. 400 soc bu; Swiss chard. 40
n soc bu: kaie No. l. 40 "a SOC bu; coli
lards. No. 1. 4O1 soc bu; mustard. No.
1. $50 SOC bu: leaf lettuce. No. I. 5oa 75c
spinach. No. ]. Use 81 bu-: 10. 2, 6Oe
bu turnips No l. 40 ~ soc bu
VEGETABLE oYsTERs-No. I. 500 75c
wATERMELoNs-No. /. 75casi: No.
2. soc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Stocks Firnner
But Trading !
Continues Slow
BulIish Earnings
Send Douglas
z Points Higher
I. International News service Wire

NEW YORK, Nov. 3.-The
stock market started new week
with a firm undertone. Changes
were modest, however, and trad
ing was at a slow pace.
Douglas Aircraft featured with
a runup of 2 points on early sales,
refecting a bullish nine-months
learning report.
International Mercantile Ma
rine continued favored, rising a
fraction 10 a new 1941 peak OF
II. United States Steel, Bethle-
hem, Chrysler, Anaconda, General
Electric, Lockheed, Standard Oil
of New Jersey. Goodrich and Du-
por1t also gained fractions.
Reynolds Tobacco "B" was
among the few 10 lag. slipping to
new low for the year.
International News service Wire
CHICAGO, Nov. 3.-Wheat
opened &c to &c higher today
corn asc TO &c up and oats l4c
TO sc up.
Wheat-December, S1.15; May
IS1.20@ 1.20l2; July, $1.2112.
Corn - December. 77ss @7712c;
May, 83iac; July. 85ss n86iac.
Oats-December, soc; May, 523s
G52l2c.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Some Examples

Typical of the ingenuity ex-
hibited In the replacement OF
critical materials In the national
defense program Il the Inn
proved full-flow, built-in, perma-
nent type oil cleaner" he said
Faced with the lack Of alumni
mum from which to make the
die cast cover of last years
cleaner, . new pressed steel de-
sign has been worked out which
far surpasses even the startling
results formerly achieved.
Zinc die castings formerly
used largely In decorative parts,
and I'm . few functional parts
because Of their particular
adaptability to forming compli-
Gated shapes at low cost, have
been largely replaced. In some
cases steel stampings and plas-
tics have been asked to bat for
zinc die castings while the latter
are In eclipse of defense needs.
Pontiac had already replaced Its
zinc die cast radiator grille with
pressed steel grilles ut the be-
ginning of the l941 model year
and, since this part accounts for
the largest share Of die cast zinc
used on modern automobiles,
has saved In the past model year
some 5000, 900 pounds.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
TOUGHER in Qualify

Zone moro example and the
defense rests. Since the use Of
nickel has been restricted, those
parts formerly made of nickel
alloy steel have been replaced
by identical parts made of some
other suitable alloy. Pontiac has
for some years used q nickel al
10y steel for Its rear axle ring
and plnion gears.
although this material has
been thoroughly satisfactory, our
metaliurgist some years ago
tested another steel called
chrome manganese alloy which,
so far as its functioning and
long wearing qualities were con-
cerned, was quite. the equal OF
the nickel steel. As n result of
these tests this steel was ap-
proved as an optional material
and could actually have been
bought at a slight saving.
However, the factory found
that II was . tougher steel,
harder to machine, and that tho
cutting tools used 70 machine IL
lasted only one-third to one
fourth as long. Because Of the
difficulty Of machining. this al
10y had never been bought prior
to the present emergency. How
ever, it Is being used now In
spite of its cost. So far rs the
prospective owner In concerned,
he will have axle gears at least
the equivalent, II not superior,
Of those formerly used"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03

Apparently, we are again wit
Messing one of those cases OF
slowness TO realize the nations
position. 1t seems that many
people are only beginning to
realize that we are fatally
caught in this war. and that
our industries are bound to be
dominated by 1t.
At the same time. most of Us
forget that business activity and
earnings have about arrived ut
the peak of cycle. and that .
not-distant de line can b
averted only by stimulation
through government. Such 4
policy is, to say the least, m
much doubt,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Lewis a Menace

War uncertainties have been
supplemented. aggravated, by
labor uncertainties. Once again
John l.. Lewis has thrown the
country into nervousness. After
thrice defying the President of
the United States. he has conde-
scended 10 give the government
and the American people brief
respite. a brief period TO comply
with his dictatorial demands;
his blatant threat is. in effect:
"Capitulate TO me--or else"
Effective clipping of this gen.
tleman's wings would have a
most salutary effect financially.
as we'll as industrially. socially.
Congress may quickly do the
needful.
Copyright. 1871. by B. C. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
DETROIT k2TfMES
BUSINESS
M. s. Rukeyser
Henderson Admits
Wage Ceiling Need

WASHINGTON Nov. 3-In the light OF growing opposition
in Congress the country to the of place
ceiling prices limiting Leon Hender-
price administrator eclariying his position told
recognizes skyroceting would
futile his efforts limit prices
said that the of his position had been
misunderstood His viewpoint explained that he
doesn't the price administration TO be charged with the
responsibility fixing and salaries of as 100000
fully persons If federal action the of
found To be he would like to have indie
charged with that responsibility In setting
forth this Qualification Mr. Henderson indicated that he also
other collateral simultaneous relating
interest and credit terms and various other factors
latng saving which the fight against
infation added he did
OF these other matters delegated to his price agency
As economist however he conceded that the OF
his price dependent non-naationary
policies in related fields
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Panic Feared

The general expectation Is
that the market would be pre-
cipitated into something APP
preaching panickyness. The re-
Spouse TO last weeks serious
incident would seem 10 confirm
the soundness of that assump-
ton.
Yet may il not be that the
financial world has been steadily
preparing itself for the worst?
The stock markets action Tor
months suggests that the right
answer is yes"
Wall Street additionally AN
ticipates" actual developments.
Its persistent downswlng sug-
gests that the underlying cause
has been increasingly definite
expectation that the United
States will become involved in
hoStilities.
Another axiom is Wall Street
can stand anything but uncer-
tainty." It's also traditional that
Wall Street often acts contrary
TO normal expectancy when the
news is out.
So. history provides no guar
antee that ii will prove profit
able TO sell them short" on the
basis that war is inevitable. in
stead, declaration of war might
prove the signal for shorts TO
start covering.
Prudence. under all existing
circumstances, counsels caution
on either the bull or bear side.
caution against flying 10 ex-
tremes.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Stock Decline
Seen Prevented
Only by So
Decline PrseIudss
Early Resumption
Of Upward Trend
By LEWIS HANEY

Professor Of EcsaemIcs. n. Z. Usivsrsieg
The stock market slid down
last week. This was not unex-
pected. II does not even throw
much light upon the future OK
stock prices.
One thing il makes fairly
clear. however, is the absencs
of buoyancy and speculative in
terest. Those who had hoped for
an immediate resumption OF the
rising trend must now recognize
their mistake.
All of us must settle down to
await the establishment Of q
wartime equilibrium before ex-
pecting sustained advance.
Such a base, of course, may be
lower down.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Sales for 2 Months

Retail sales OF new passenger
cars in the United States for the
first nine months of 1941 were
1913 per cent ahead of the same
period a year ago. r. L. Polk &
. Company reported today. Final
returns on September registra-
tions bring the total of new
passenger car sales TO 1920. 1854
units for the first nine months,
compared TO 2.489.091 in the
same period of 1910.
New truck registrations for
the nine-month period show a
similar gain. with an increase of
29.6 per cent over 1910. or a
total of 557. 500 units in 1871
compared to 430.235 last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Admits Hearings Are Obstructine Work

"Yes, he replied existing voIun
price schedules
Of the basic goods We have however only
into fields found high acceptance We
kept fields where there only reluctant
Grafton balanced prices desirable
into fields
I'VE $ to deal wi prices at
sale retail level units involved but
able succeed best dealing with indus
tries where production concentrated relatively
units"
Mr. Henderson added passage of price bill would
only help the but would additional
protection industry. The bill he pointed provides
orderly procedure for appeal from the decisions Of the
TRAITOR and will be in accord with American tradition
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Steel Output
Heavy Despite
Many Handbags
Labor Troubles. <
Scrap Shortages
Chief Hindrances

CLEVELAND, Nov. 3.-Despite
severe handicaps the steel industry
continues TO keep production at a
high rate. some units operating
well above capacity, says Steel.
Truce in the captive coal mine
strike, reached Thursday. elimi-
mates al least temporarily this
threat To continued steel produc-
ton by mills dependent on these
mines for fuel. Before the truce
preparations had been made by
several important producers 10
curtail production sharply 10 con-
serve coke supplies for most needed
purposes. Return of strikers at
Great Lakes Steel Corporation
plants at Detroit caused resump-
ton there but a strike at Home
stead works of Carnegie-lllinois
Steel Corporation practically bal
anced the Detroit gain.
Scrap shortage continues to
hamper steel mills. open hearths
taken of the previous week still
being idle and further curtailment
for this cause is being made at
several points, though stcelmak-
ers are using every effort 10 OBJ
tain scrap 10 continue production
as long as possible.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03

Earl L. NScholes. of Scholes In
surance Agency and one of the
'pI0heers or the New Center Dis
Itrict Association. has been chosen
president of that group.
c. w. Leonard of Leonard
and Company is vice president,
and c. Frederic Stanton. attorney
and Seth b. Slawson. banker, are
secretary and treasurer. w
Biif Springer publisher OF the
lively New Center News was
named permanent chairman oil
publicity.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Earnings Good

Certainly. most stocks have
not declined because OF dimin-
ished earnings.
The great ma jority OF third
quarter statements reveal nota-
BILE expansion in gross earnings;
true, in many instances such alb
normally heavy provision has
been made for actual and pros
pective tax levies that net in not
a few cases doesn't compare
favorably with a year ago.
Even so. rarely have standard
common stocks sold at as low a
ratio of profits to price.
Another consideration: What
Wall Street calls the technical
condition of the market is very
different today from former
times. Speculation long has been
near the irreducible minimum.
Moreover, marginal trading.
once a very vulnerable factor,
has also ceased. Certainly 10
point margins, all the rage dur
ing the last boom. no longer
exist; they have been abolished
by law.
Furthermore. greater num-
Der of people than ever before
are today well supplied with
liquid cash. Washington has
made them afraid TO put il TO
work. Therefore, they are in a
position to take advantage OF
stock market bargains" If and
when the inclination moves
them.
Assuredly, neither commercial
banks nor savings banks offer
substantial inducement TO keep
any unusual amounts on deposit.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Objects TO Indirect Sanctions as Weapon

At present under the voluntary. legal price setup
Mr. Henderson pointed out that the OPA which he
sides indirect which
jeconabe Mr. Henderson said that. lacking power 10
direct punishment rieiatos the OPA had rely
direct treatment such withholding transportation services
alocated He revealed the a
dealer had four times violated the price schedule
in the absence found necessary discipline him
with the threat publicity which brought him
duced him make restitution.
In describing how his price administration operates
Henderson said that he and his staff act in setting specific
schedules only after prolonged discussion with informed
persons the industry affected result
be known "jawbone division" of government.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Livestock Markets


CATTLE Receipts, 1000: market
butcher cattle mostly steady, cows steady
TO 25c higher, bulls steady, choice steers
ll.7bH 1855; good steers, SO. 75Gi1.75
common TO medium, $7.50H1O.75 good
heifers, S10mii common TO medium. 81 .2s
40 good cows, S7.75Hs medium cows
81 asa 7.75; cutter and common. sea 7.25.
Gamers. A.75n6 good beef bulls, $3.50
925. good sausage bulls. xs.756e: medium
sausage bulls, Ssn 1915; cutter and com
mon, S6.509s; good and choice stockeI
and feeder calves. sli 10; medium. ssn
heifers, sea- 1925: common to medium
S7ng.
ckLvEs-Receipts. 500: market, steady
good and choice. Si5G 1880 common "a
medium, 500 1850; culs and common
SHEEP AND LAMBs-Receipts. $500
market. bidding 25c or more lower. asking
steady. market not established early.
HOGs-Market not established.
CHICAGO
CHICAGO Nov. 3.-uNs)-HoGs-R
ceipts 20. 500: market i0c to i5c lower
holdoyers. ]. 0Q0. -lop--x11-5n Aaik.--Saa-~
1645,J heavies SSO4ri0f5 mediums.
$40. 10G To- 80; lights S9sOa1 0.f5 light
nights. 50. I5nlo.25: packing sows, 50 c5a
ckTTLE-Receipts. p. 500: market Use
10 25c lower. Calves-Receipts $500.
market steady. Beef steers Choice. Sil. 81
~ Y 15y medium. So 5Od II 5O yeapiings
50 4 i2.sA Butchers--heifers Ss0i2 so:
coVf S7ps75 bulls. s. 50 v 1928. calves
Steers, SsAi2i esws and heifsrS. IS 80 .
l0 80
lsaEEP- receipts s 500: market steady:
lambs. NiI25dii6SA common 50 son
ii25. yearllngs. 50 . 80, feeders, Sl0.258
Has. ewes. s5,T5S3.50.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Amer. Seating Nets
S1.91 on Common

American Seating Company re-
ports for the nine months ended
30. consolidated net
profit of S422. 734. or Sl9l a share
on common stock. compared with
S273, 1884, or S1.23 on common in
the 1910 period. Provision for
federal taxes was $4,000, OF
which $4,000 was for excess
profits tax, against federal taxes
of $4,000 in the 1910 period.
The company has declared a
dividend of so cents payabls
December 9 10 stock of record
November "a. This brings totaI
payments authorized this year e
Isl, against 80 cents in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03

II ARTIST w a s
driving back to
Detroit from
the + a S [. He
pic k e d up a
young fellow
who had tagged
him down when
he saw ( h e
Michigan plates
and asked for a
lift TO Detroit.
Harfst started
a conversation
with the young
-feHo wrud
finally as X c d
him what he'd
IL11H INttNn
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Forbes
What Will War
Mean to Nations
Security Markets?
BY Il. G. FORBES

Where is il going to stop? 1t
will, of course, stop some. day.
The stock market has kept de-
clining for the last three months.
Some 10 per cent has been
clipped from quoted values. No
interruption to this downtrend
last week.
Sinking of United States des-
troyer inflicted a fresh blow.
This raises the question: What
would happen TO the security
markets were war TO be de-
clared?
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Detroit Produce

APPLES Michigan husnei crates I. -
no !, q in min unless otnsrwise s,A,sa
Mcintosh 81. JOHi.s S., Jouaihans. Al.l5h
f33: 2, in. min. 81 1871 i,23' Delicious
81 JOdi SIS Shows. "a in. 81 To- North
sn spys bin, $3.50, Wagsners IN.
boxes RED Delicious and Delicious fancy
sns 81 81. sss-l23s 81 30 fancy So
81 90: iO0s-li3s. 81; 1855. $3.50 1908
'SRANBERRIEs- barrel boxes Msssa-
chusstts early blacks, 1928 New Jersey
ate reds So %
CARROTS Angeles crsteE s-doz.
punched 81 oo432s mostly ,, ~ - i.soz
stalks parchment wrapped, SOC oregon
cub crates Pascal 81 go.
CAULiFLOW ER - Long Island dounle
deck crates 81 23V2fo.
CLCUMBFRs Florida bushel baskets
fancy wa1ed. s. so choice. far duahty
nd condition. 50 25H 2 so.
GRAPES California dspaE Iues
Thompson seedless 81 .60g2. Tokays'
n s0n 90; Emperors. $3.50. ....,-
JUICE GRAPES California Znfandels'
26-ib. hugs 81 t0d1.50. Muscais = "a
1s.Ib. Jugs. 81 3Oni.50. ANcanies. ~ "a
is-Ib. Tugs Sl25a1.5o; carignsnes, IS
LETTtcF-Ios Angeles crates Icebsrg
type California Salinas .WatsonNlle dist
doz., S3a $40; don. ". 20 y . - -
LEAF LETTUCE-ohio dollhouse, lob
bskts.. 2OH 35c. =,
ONIoNs-5O-lb. sacks, Sweet spanish. "
8 No. /, Sin. and larger Utah. 81 10 =
ii5; Colorado. Sit0ui.l5; 2-3-n. SIZE
Sis; Idaho 81 10 2-3-in. size. VI 20
Idaho. Y. s. No. l Whites, f-2h in s.ze
and 2-3-in. size $50. Michigan, U. >. no
1 Yellows, 7O-sOcs Pin. and larger Sl2Og
i 30; 10Th. SACKS Yellow Boilers, isc.
PoTAToEs-1O0-lb. sacks, Idaho Russe
Burbanks, u. s. No. I. washed, 81 50 y
inc, iOO-lb sacks, T. 8. No. l, Chip
MAS and Katahdins 81; i5.lb. pape
sacks. $50 sac Michigan u. s. No. COB
blers. Si25; Chippewas, N55 !. 30 IA
tshdins 81 30nI' so. Russst Rurals, Si.25
RUTARAGAs = Canada, oO-lo. sacks
waved, 7Jc.
SXEET- poFAF9ES-Pcfto Riean Vans
hu. crts.. Louisiana u. s, No. l. N-35 I
I 81: Texas a. 8 No l. 81 $50 $50; fai
quality. Si.iOd1.i5. Tennessee. N.25i ~
hmprs., Porto Ricsn Vans. Si.2On i.2o; hu
hmprs.. Nancy Halls. fair 10 good quAlitl
SiGi.tO. Virginia, bhls.. L. s. No.
Goldens and Jersey type N3.lj.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Stocks Of Crude Oil
Show Slight Drop

NEW YORK, Nov. 3.-Stocks OF
domestic and foreign crude pet
roleum at the close of the week
ended October 25 totaled 242, 261. :
900 barrels. according to the
Bureau of Mines. Compared with
the total of the preceding week
this represents decrease OF
| .344 600 barrels.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03

n o PIN & LOT a
better crop this
time The
Duke of Wind
sor recognized
G. NJ S o. e.
II un [ innedi-
ately a N d re-
I'M in d G d him
that they'd met
IL years ago 80.
Peter Sweeney
of Northwest
lern Mutual Life
back from his
w a c a ton - a
I'm o or tri p
through Maine.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Point

A technical point to be
stressed is that the market two
weeks ago entered a second
airy" rally period. There was
little indication Of selling Gle
max. The rally which then fol-
lowed was dull and small. and
such volume as developed was
largely in low-priced issues be-
ing sold for tax purposes.
The rally carried only TO 4
point where about 80 per cent
of the decline was recovered.
Then came the usual reaction.
which brings the averages back
to the preceding low. All this
shows no rising tendency.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-03
Bearish Argument

The bearish arguments now
are as follows:
A large number Of new lows
has been made, and some Of
them have been in important
stocks such as General Electric
and American Tobacco.
The preceding rally ran into
supply" at q line Of declining
tops, suggesting further recess
sion. This is apparent, too. in
important individual stocks such
as American Telephone. General
Motors, and American Can.
In some cases, stocks which
have been in q rising path"
have fallen through the lower
border (e. e.. Atchison).