davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-11

sion Of disgust to show her
feeling.
But there is another
kind of marriage" which
really needs to be broken
up and can be broken up by
real sickness. This is the
marriage" of a chronic
drunkard to John Barley
corn: the wedding Of the
chronic alcoholic TO the
liquor bottle.
Two Judges" who super
wise these divorce proceed
ings between the alcoholic
and the bottle are the
Seattle physicians, Drs.
Walter L. Voegtlin and
Frederick Eeh4eFe They
have found a way TO make
the man or woman, who Is
apparently welded TO the
bottle for life, become liter
ally sick at the sight of
one. and some get so that
they cannot even read a
label on a liquor bottle
without feeling nauseated.
How is this great alien
alton Of alcoholic affection
accomplished? II is done
by one of the most basic
Of all psychological expert
ments. the creation of a
state of conditioning" in
which nauseating associa-
lions are built up in the
mind Of the alcoholic so
that he or she win never
touch liquor again. II
sounds impossible but II
works remarkably well.
In the new Voegtlin-
Lemere reatm ent the
chronic alcoholics start by
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-11
Medical Men Always Hoping for Magic
Drug to Cure Alcoholism. Don't Really
Expect TO Find II. But the Next Best Thing
Seems TO Be the New "Sho+ in the Arm"
Technique Which conditions" Patients and
Makes Them Shrink Every Time They See
Drink-If the Timing Is Right

NNE EHEN a wife's love for her husband
N< turns to such hate that she says the
w sight of him makes me sick"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-11

1911 by American Weekly Inc Rights Reserved.
Evening star., 1941-03-02
Comment.

BALTMORE-Expandng rolls continue to benefit
retail this section Seasonabe goods generally move well ana
of advance orders being placed INDUSTRY
continued active
the similar week
goods dealers reported volume slightly larger
operations gained about points to SO per cent
rejecting completion 10 several open
CIEvEIAND-Departmen the latest week
approximately Plate glass plants reported
maintain operations at oU
cent Sill 6O3OOO for
February 26 above
generally dull by comparison with the
volume comfortably ahead OF tne
comparable period ranged from to 20 per cent
untitled orders were
distribution per cent Autonooe
al last and last year
KANSAS CITY-Retai slightly higher levels
comparable period ago. seasonal items were Su
be moving reported orders fairly steady with
month The demand for loans showed little
change
IOUISVu1E-Boh distributors reported
and millinery lines Retail 10 IS cent from year
ago. wholesale 20 cent The construction OF housing
employing about 5000 workers expected 10 De
completed within the next 60 days. -. IT,
trade continued ratner spoy "eek
averaging comparable period OF last
ton dropped and half from last weeks 81 per cent OF
capacity repairs Other INDUSTRIES such aS engineering
eoilpnent and machine active
IOUIS-Retal dropped 10 to Is cent below he
previous weeks fraconay above the conpaabe
Wholesalers of women reported favorable
merchandise and food products showed good safes
Heavy goods industries maintained gooo ae
of production 49,. r4a.ou tho,
ago although have tapered on since
the beginning the volume steady in the week
reached new
Of capacity Steel products also operating nar-capaciy
levels Employment is steadily increasing
Evening star., 1941-03-02
Wheat Trends Mixed
Profits Of Recent
Rise Cashed In
Tense War Situation
Also O Factor in
Errotic Session
BY FRANKLIN MULLIN,


CHICAGO. March l. Wheat
prices dipped about z cent, rallied
4a7s cent to above the previous
close and then finished today's seS-
sion 4 lower to "A higher compared
with yesterday. Final prices for
May and July contracts were 8314a2s
and 795sa12 respectively.
The markets nervousness reflect
ed profit taking, encouraged by an
advance of about seven cents from
the five-months lows in the past 10
days.
This was Offset by support which
brokers attributed to mill and COM
mercial purchases or dealers basing
action on reports of crop damage in
some localities and producers re-
quests for higher loan rates. The
tense situation in the Balkans as
we'll as elsewhere in Europe and the
Orient continued to disturb trade.
Corn closed unchanged to Il lower
compared with yesterday, May 605s
as4, July 6012; oats unchanged to
i off; soybeanS unchanged to i
down; rye 3sa5s higher and lard
unchanged to 8 lower.
Grain range at principal markets:
Evening star., 1941-03-02

BY the Associated Press.
NEW YORK, March IA pro-
posed merger of two of the leading
investment information services
the Standard Statistics Co. and
Poor's Publishing Co.-was an
nounced last night.
Paul T. Babson, president OF
Poor;s, would be chairman OF the
new company, the Standard & Poor,s
Corp. He is a cousin of Roger w.
Babson, economist, but is not con-
nected with the Roger Babson eco
nomic services.
The consolidation plan, subject
to approval of shareholders of both
companies in meetings next week,
brings together the largest and the
oldest financial and statistical pub
fishing enterprises in the country,
the announcement said.
Henry v. Poor in 1849 became
editor of the American Railroad
Journal, rated the first commercial
periodical providing information on
railroads, and in 1860 brought out
the first edition of Poor's Manual
under the title, History of the Rail-
roads and Canals Of the United
States"
Evening star., 1941-03-02
Liggett Will Resign
As President OF
United Drug
Founder to Remain
Bourd Chief; GoIvin
To Be Successor
By the Associated Press.

By the Associated Press.
BOSTON, March 1.-The impend-
ing resignation of Louis K. Liggett
as president of the United Drug Co.
which he founded in 1908, was re-
vealed today. A company announce
ment said Liggett would continue
his association with the concern as
chairman of the board.
At the annual directors meeting
here on March IL, Liggett will name
j. A Calvin, executive vice presi-
dent and treasurer, as his successor,
the announcement said.
Liggett built a drug cooperative
from only 40 retailers to more than
1000 Rexall stores throughout the
English speaking world. The COM
pany and wholly-owned subsidiaries
have an annual volume exceeding
$9O,000,00O.
AS a patent medicine salesman,
Liggett conceived the plan for his
pharmacies in 1902 while en- route
to Seattle Upon arrival there he
telegraphed his resignation to his
employer and returned to Boston to
start the company.
Evening star., 1941-03-02
u. 5. Order to Restore
Argentine Meat Trade
By the tssociated Press.

BY the associated Press
BUENOS AIRES. March 1.-The
purchase of 10000 tons of Argentine
canned meat for the United States
Army, as approved by the American
National Livestock Association in
Denver, Colo, would practically nor
malize Argentina'S yearly meat ex-
port rate.
The average export for the nor
NAL" years, 1936-1938, was 629, 900
tons of fresh beef On the basis of
present British buying. Argentina
had expected this year to sell only
$4,000 tons, including 295, 900 tons
of chilled or frozen beef and 100000
tons of canned beef to England.
Packers estimate it takes 21s tons
of fresh beef to make ton of canned,
which make the proposed United
States purchase equal to $4,000 tons
of fresh beef.
Evening star., 1941-03-02
.Merqer Is Planned for Poor's
And Standard Statistics Co.

From railroads, the first field of
big business in the United States.
the service was extended to cover
industrials, public utilities, munich
pals and fiscal companies.
The Standard Statistics Co., or
ganized in 1906, originated as a card
index describing 100 leading corpo-
rations and expanded to its present
services providing comprehensive in
fomation on $500 corporations.
Named as other principal officers
of the new company were; H. Y.
Barrow, vice chairman; Clayton A.
Penhale, president, and Laurence H.
Sloan, executive vice president and
editor in chief, all now executives of
Standard Statistics.
Editorial and printing work will be
carried on at the New York Offices
of the Standard Statistics Co. and
the publishing plant of Poors, at
Wellesley, Mass, with branches at
Boston, Washington, Detroit, Cleve-
land, Chicago, st. Louis, Mime
apolis, San Francisco and Los An
geles.
The move follows the trend toward
consolidation of financial services
during the contraction in security
n rkefS in rn~enA --o1--
Evening star., 1941-03-02
Gain Reported
In Factory
Shipments
By the Associated Press.

By the Associated PRESS.
NEW YORK, March 1.-Ship-
ments by manufacturers in January
rose 5 per cent and inventory hold
ings increased % per cent, indices
compiled by the National Industrial
Conference Board showed today.
New orders were maintained at
record levels, the board added
Inventories are slightly higher
than at the 1887 peak, the board
added, but the ratio of inventory
holdings to the volume of shipments
is the lowest since 1929, the board
said.
In the durable goods industries,
inventories advanced ION season.
ally adjusted basis in electrical
equipment, machinery and machine
tools, metal products, housefurnish-
ings and Office equipment. Declines
were shown by the building, iron
and steel, non-ferrous metals. rail
road equipment and glass industries
Shipments of durable goods rose
Al per cent from year ago, while
non-durable goods were up 16 PEI
cent.
The conference board is research
organization supported largely by
business concerns.
Evening star., 1941-03-02
Conference Is Called
On Defense Traffic

Employees of Railway Express in
Washington and vicinity will hold
a conference in this city Tuesday
and discuss plans for further speed
ing up the movement of national
defense traffic, now rapidly increas-
ing in volume. it was announced yes
terday by General Manager E. c.
Berry.
K. N. Merritt, general sales man.
ager, of New York will conduct a
day meeting and address a rally in
the evening. Mr.. Berry will preside
and others on the program will be
C. H. Frame, district sales manager
and c. w. Turner, superintendent.
Evening star., 1941-03-02
BuIIard Co. Reveals
S1,697,4OS Profit,
Or S6.15 a Share
1o40 Total Contrasts
With S2S6,24l for
Preceding Year
By the Associated Press.

BY J1e ASSOCld ELCoos
NEW YORK, March Helping
supply the record breaking demand
for machine tools in armament IN
dustries, the Bullard Co. OF Bridge
port, Conn. earned last year a net
profit of S1,697 ,4O8, equal to S6.15
a share on the common stock, COM
pared with S286 pal, or S1.04 share
in 1899, the company reported today.
General Cable Corp.
General Gable Corp. reported a
net profit of S2455,362, equal to 26
cents a common share, against a
1899 profit of S733, ,166, equal to $408
a share on the per cent preferred.
The company has plants at Rome,
N. Y; Buffalo, St. Louis, Los An
geles, Pawtucket, R. L, and In New
Jersey.
Diamond Match Co.
The Diamond Match Co. recorded
a 1910 net income of 81 1862 1894, equal
to S1.52 a common share, compared
with a profit of S2,136,750, or SITS
a share in 1899.
Electric Storage Battery.
The Electric Storage Battery Co.
and subsidiaries reported a general
net income during 1910 of 81, l67 ,592,
equal to S2.38 a share on its 907,81O
of capital stock outstanding. In
1899 the company had net income
of $1,820,661, equal to 81 a share on
the same number of outstanding
shares. The 1910 net was computed
after provision for contingencies, loss
on foreign exchange, foreign income
and State and Federal income taxes.
Mountain States Telephone.
The Mountain States Telephone &
Telegraph Co. reported its operating
revenues for 1910 we're $26, 6,946 1882, an
increase of Sc per cent over 1889.
Operating expenses, including taxes,
were $22, ,100,028, an increase of IL
per cent over 1899. After interest
charges of S1,123,0 ,099, net income was
$3,757,13O, or 20 per cent less than
in 1899. Net income was equal to
S7.82 per share on outstanding stock.
c., n. o. & T. P. Railway.
A preliminary report of operations
for 1910 of the Cincinnati, New Or
leans & Texas Pacific Railway Co.
showed net income of SO, ,238, ,434 after
deducting all charges and taxes. This
equaled $685. per share on common
stock, and compared with 1889 in
come of So, ,402, 1882, or $7.31 per COM
mon share.
Gross operating revenues during
1910 amounted to $18,320 1882. against
$17,788, ,489 for the previous year.
Taxes last year totaled $2,227 900,
compared with $1,813,272 in 1889.
Evening star., 1941-03-02

Trust Co. OF VIII Clauoe L.. behner.
mington, Del; chairman of the life
insurance companies city mortgage
loan conference, special lecturer
on finance at the Wharton School,
University of Pennsylvania; former
member of the staff of Brookings
Institution, Washington, and a
graduate of the University of Mich
igan. He has a national reputation
as a brilliant speaker and author
Of numerous articles on current eco
nomic and financial problems.
Over $50 to Attend Dinner.
Final arrangements we're COM
pleted last night by Martin A. Cook
and Rudolph w. Santelmann, chair
man and vice chairman respectively
of the committee in charge of the
eighth annual banquet of the Dis
trict of Columbia Building and Loan
League at the Mayf1oWer Hotel next
Saturday at tbs pm. Chairman
Cook reported more than $50 reser-
vations received.
William N. Payne, G. Clinton James
and Arthur G. Bishop. the Commit
tee on Guests, announced that many
important officials from Government
agencies, State and District groups,
will be present. ]. Hawley Smith will
present an elaborate entertainment,
to be followed by dancing.
Financial District Comment.
The Washington agency of the
Berkshire Life Insurance Co. re-
ported yesterday that the office had
the largest volume of new business
In February in its history, totaling
more than 1925 0O0 In the first two
months of 1941 business was 135 per
cent ahead of last year.
Clarence F. Burton, president of
the City Bank, has joined the Wash
ington financiers in Florida and is
now at Palm Beach.
Garf1nckel common stock sold at
II on the Washington Stock Ex-
change again yesterday, on small
lot transfer. Other issues were
neglected.
Only two bank stocks have figured
In the trading on the Washington
exchange this year. American Secu-
rity & Trust sold recently at 239
and Washington Loan 81 Trust at
238, only point apart.
Evening star., 1941-03-02
Two Issues Approved
For Over the Counter
BY the Associated Press

BY the Associated Press.
NEW YORK. March 1.-THE New
York Stock Exchange Committee
on Member Firms has approved par
ticipation in the secondary distri-
bution-over the counter sale-of
$4,000 shares of Borden Co. capital
stock at the fixed price of 10 net,
and of 5000 shares of Western Auto
Supply Co. stock at 23A. The first
will be offered by Merrill Lynch,
E. A. Pierce & Cassatt, the latter by
Allen g. Co.
Evening star., 1941-03-02
SprouI Becomes Head
Of New York Reserve
BY the Associated Press.


NEW. YORK, March ALLAN
Sproul today began a five-year term
as president of the Federal Reserve
Bank of New York
Sproul, formerly first vice presi-
dent, stepped into the top post
January to succeed George L. Har-
rison, who resigned to become
president of the New York Life In
surance Co.
The reserve bank directors, with
the approval of the Board of Gov
ernors of the reserve system, FORM
ally appointed Sproul yesterday to
the five-year term, starting today.
Leslie R. Rounds, who moved up
to first vice president after Sproul,
likewise was named formally for a
five-year term.
Evening star., 1941-03-02

insurance, cont A. Scott OHutt.
sumer credit, real estate and per-
sonal loans, school savings and the
effect of current economic develop
ments on banking. Defense loans
will be specially featured, and pub
lie relations will not be overlooked.
Among Capital financiers who
have reservations are A. Scott Offutt,
third vice president of the District
Bankers Association and vice preSl-
dent of the City Bank; Thomas j.
Groom, president, Bank of Com
merce & Savings; Julius E. Loh,
vice president, Second National;
Francis G. Addison, jr., president,
Security Savings & Commercial,
and J. Hanson Beall, assistant CASH
ier Of the same bank; Ralph Endi-
colt and George o. Schweinhaut,
assistant treasurers, Washington
Loan & Trust Co.
President Houston, Henry Bruere,
New York banker: J. Harvey Wilkln-
son, Richmond DR.. Marcus Nader,
New York University; William H.
Neal, Winston Salem, and Charles
F. Palmer, United States co-ordi-
nator of defense housing, are among
the speakers.
New S. E. c. Rules Explained.
More than 200 investment dealers
and bankers met at the Merchants
Club in Baltimore Friday afternoon
end listened intently for two hours
to explanations of the Securities and
Exchange Commissions new "hy-
pothecation" rules.
The chief speaker was Francis T.
Greene, assistant director OF the
trading and exchange division of the
commission. He also talked on ma
nipulation in over-the-counter mar
kets and the prohibitions against
such activities.
Henry L. RoSenfeld, jr., member
of the National Association of Sc
curities Dealers, also spoke. James
Parker Nolan, chairman OF district
II, National Association Of Secur-
tiles Dealers, presided, and about
25 Washington financiers attended
the meeting, which was much larger
than anticipated.
DIR. Benner Guest Speaker.
District of Columbia Chapter of
Chartered Life Underwriters an
nounced yesterday that DR.. Claude
L. Benrer, vice president and chair
Evening star., 1941-03-02
Buying Power
Sharply Above
Year Ago
Individual Incomes
Reported SeusonuIly
Behind December
BY the Associated Press.

BY the Associated Press.
Income payments to individuals
amounted to $6,517,000 900 during
January, the Commerce Department
said yesterday. This is a decline
of 1869 100000 from the December
total, but an increase of S424, 900 900
over January of last year.
With adjustments for seasonal in
f1uences, the departments index rose
by seven-tenths Of point to 96.3
per cent of the 1929 January figure
and was at an annual income rate of
,000,000,000 compared with an
actual income last year OF $74, 4,000,-
900, 1000.
Seasonal Trend Seen.
The actual dollar drop from De-
cember was attributed to seasonal
factors, including the usual de-
cline in dividend disbursement.
Salaries and wages made up $4,-
195, 100000 of the January payments,
an increase of IL per cent over the
January, 1899, figure. Pay rolls in
durable goods industries were up 80
per cent over last year, while those
in the non-durable group rose only
7 per cent. The dollar total was
S93,000,000 below December and
S428, 900 900 above January last year.
Dividends Smaller.
Dividend and interest disburse-
ments totaled $8l1 10000 in jan
uary, which was S762 900 900 below
December and s29,000,000 under
January a year ago. Social security
benefits and direct relief amounted
to $242,000,000, an increase of SILL
100000 over December and about the
same as last year.
The remaining $1,269 900, 1000 was
entrepreneurial income and rents
and royalties, this figure being de-
crease of S25 100000 from December
and s26,000,00O increase over jan
uary, 1910.
Evening star., 1941-03-02
90 Per Cent OF Holders
Accept U. 5. Bond Offer
"a, the Associatrd Press.

b. the Associated Press.
The Treasury announced yester-
day that holders of 80 per cent of
81 ,222 10000 in bonds and notes
had submitted them for exchange
under an offer made Tuesday
through which they will receive 2
per cent to year bonds. the first
fully taxable bonds ever issued by
the Government.
The Treasury's offer covered 39s
per cent bonds and IL per cent
notes coming due March Is, and ex-
change offers were received for
more than 81 900 of those
officials said.
Bonds and notes not offered for
conversion will be redeemed in cash
on March IS.
Evening star., 1941-03-02
Copper Producers Start
Taking June Orders
BY the Associated Press.

BY INT Associated Press.
NEW YORK, March Leading
domestic producers of copper today
opened their order books to allocate
metal for delivery in June after
having disposed of all copper avail
able for prior shipment.
Many consumers unable to satisfy
their needs at domestic sources have
asked Federal authorities for Latin
American copper. The Government
thus far has arranged to purchase
235 900 tons of foreign copper, mostly
from Chile, but it was believed the
importation of still larged quantities
would be necessary.
Fair tonnage was sold for June
shipment at the unchanged price Of
II cents. Custom smelters con-
tinued to charge a premium of u
cent a pound but inquiry was light
Evening star., 1941-03-02
BY FREDERICK GARDNER.
Associated Press Financial Writer.


NEW YORK, March lit was
Just the start of another month for
the stock market today and leading
issues finished the week with mildly
irregular price changes in dealings
that were the sloweSt in six months.
Mail orders and specialties did
fairly we'll, while the buoyant utili-
ties of the preceding session took a
rest and Steels, motors, aircrafts,
coppers and rails were unable to
record progress.
The Associated Press average of
so stocks was off 1 of point, but on
the week retained an advance Of Z.
The next decline for February
amounted to 6. Transfers of 141 100
shares were the smallest for any
session since August "a last year.
The previous Saturday was holi-
day. In the past month the turn
over of 1911 ,205 shares was new
low in 26 years. 1t was recalled that
in one day in 1929 there was a
volume of around 10000 shares.
War Action Feared.
The recent feeble recovery trend
met opposition in the short proceed
ings as Bulgaria signed up with the
axis and aroused fresh apprehen-
sion in Wall Street that war de-
velopments might grow darker over
the week end. Far Eastern tension
still was present as handicap and
business news, while fairly good, was
uninspiring marketwise. The labor
picture remained cloudy despite the
Bethlehem steel strike settlement.
Prominent stocks on the losing
side today included United States
Steel. Bethlehem, Chrysler. General
Motors, Westinghouse, Kennecott,
United Aircraft, Douglas Aircraft,
Santa Fe, Chesapeake & Ohio,
Western Union. Consolidated Edi-
son, American Water Works, Good
year and Electric Power & Light.
Holding gains of fractions to a
point or so were Fajardo Sugar,
Texas Corp, Montgomery Ward,
rs-Roebuck. United States Rub
Der, Du Pont, American Telephone,
Pennsylvania. Great Western Sugar
and Lehigh Valley Coal preferred.
Knudsen Plan Hailed.
The proposal of Defense Chief
Knudsen to the House Judiciary
Committee of plan for strike
mediation was viewed as construc-
tive but apparently was ineffective
as a bullish motivator.
Fractionally lower prices, on the
whole, prevailed in listless curb,
Inclined to back away were Electric
Bond g. Share, Niagara Hudson
Power, American Gas, American
Cyanamid B." American Light &
Traction and Sherwin Williams.
Around $4,000 shares were traded
here.
Stocks on the "big board" had
their best day of the week on Mon
day as a bill was introduced in the
House to amend the excess profits
tax law, which many corporations
claim is inequitable. There was a
half-hearted extension of the re-
covery Tuesday when the House
quickly passed the tax amendments.
Shipping shares were given a whirl
Wednesday. but other departments
softened. The list slipped Thursday,
although the war news was no worse.
A Senate committee approved the
altered tax bill and a stock exchange
seat sold at $4,000, boost OF $4,000
from the recent 43-year bottom.
Utilities swung up Friday and
helped steady an otherwise waver-
ing market.
Evening star., 1941-03-02
Late Cotton Furry
Lifts Prices Out
OF Trading Rut
New York Quotations
Steady to 5 Points
Higher of Close
By the Associated Press.


NEW YORK, March IA last
minute furry of demand bumped
cotton futures out of morning
trading rut today. The final range
was unchanged to points higher.
Most buying was believed to re-
present price fixing by mills after
heavy sales yesterday in textile
markets. Support for distant months
was encouraged by recurrent talk Of
the possibility of increased farm
income next season.
Worth street cloth dealers revised
estimates of Fridays turnover
upward to between 100000 and
25,000000 yards. Prices on most
staple constructions were boosted Is
cent a yard.
The buying furry was apparently
touched off by the belief among
large converters that higher wage
rates in the textile industry were in
the offing.
No exports Friday; season so far
738967 bales. Port receipts, 2,347;
port stocks. 3,418 .692.