davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Tex Savings Clubs

With employers already be-
moaning the trend toward multi
fold pay roll deductions for every
thing but next years red flannels,
government officials are just
about ready to pull another one
out of Uncle Sans capacious hat.
They plan TO promote an OPP
tional pay roll deduction plan for
the payment OF income taxes. The
employe will authorize deduction
OF a certain amount each week.
II may take the form of the
purchase of income tax anticipa-
ton stamps and the treasury de-
partment will start its campaign
by asking big employers to volun-
tarily organize tax savings clubs. y
Mr.. Employer. just add another
column next to defense savings
stamps.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
National Tool
Lifts Earnings

CLEVELAND, Nov I. Profits
of the National Tool Company
rose TO $390,84S before taxes for
the nine months ended September
80. A. ]. Brandt, president. an
nounced today. This represents
an increase of approximately $50
per cent over the corresponding
period of 1910, when profits before
taxes were $50, 93l
Net income after taxes for the
nine months of 194l was S235, 621
in contrast 10 $74,903 in the same
period of 1910.
Shipments during September
reached a new level, Brandt stated,
and high percentage of the COM
pany's output now is going into
defense work.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Tradition Upheld

Best anecdote to come out of
the Duke of Windsor's visit here
last week, was told by General
Motors public relations expert
Felix Bruner.
The dukes itinerary was checked
and all defense plants on the
schedule were told at what hour
to expect him.
The Jealous army officer In
charge of protecting the Cadillac
plants Allison engine production
against saboteurs, excitedly called
G.. M. offices.
IT have strict orders not 20
admit any aliens 20 this plant.
I'm my book the Duke of Wind
tor Is an alien subject and until
I get orders 20 the contrary, he
doesn't get i'm
A hustle of activity. the neces
ssry orders were forwarded by
his superior officer and the duk,
got in, thus averting an inter
national incident.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Warner Affiliate
To Redeem Bonds

PHILADELPHIA Nov. l.
Stanley Company OF America has
called for redemption December i,
next, all its first mortgage 5ls per
cent sinking fund bonds OF c. Ben
ton Cooper, due June l. 1915. Of
which there are S6,014,500 out
standing. The bonds will be paid
off at 1925 per cent and accrued
interest at the Pennsylvania Conn.,
pany for assurances on lives and
granting annuities. Stanley Com
pany of America is controlled by
Warner Brothers Pictures, Inc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Take Advertising Men

Suggest that other Detroit firms
follow the lead OF LaChoy Food
on this one.
Because the Associated Grocery
Manufacturers of America will
spotlight public relations, men,
bers OF the firms advertising
agency will accompany the usual
top executives when they leave for
New York next week.
President French jenkins re-
ports that his staff" will include
advertising manager Russell Jur-
gems; Tom Moore. regional repre-
sentative: w. A. p. John of Nc
Manus. John and Adams and
Verne Kirby III the agency.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Metal Markets

NEW YORK, Nov. Markets for non
ferrous metals today were principally
concerned with November distribution of
ALLEGATIONS for that month.
Contracts for Metals Reserve Company
foreign lead purchases approximatlng
nearly $4,000 tons rationed for use this
month have been sent 10 consumers, and
Id Is expected shipments against such
orders viii start perhaps by mid-week.
Price held unchanged at SIS cents a
pound delivered New York, and SIS cents
a pound 81. Louis.
Copper producers and custom smelters
were awaiting word from washington AZ 10
issuance of certificates to consumers for
November supplies. II In thought they may
be sent out TO users within q few days.
Price here remained hrm at the ceiling
necticut Valley base.
Export copper market was inactive ~
liz cents q pound I. a. .. New York.
zinc sources continued 10 adhere strictly
10 rationing OF supplies at s.25 cents a
pound, East 81. Louis.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Remittance
Movies Get $50 Of Funds
Blocked in Britain

NEW YORK, Nov. Leading
film producers have received into
their treasures their pro rata
share of $8,000.000 RENTED to
New York from London on account
of blocked balances held in Britain.
This remittance is % per cent of
the total of around $50 ,000,0 900 of
blocked funds accrued TO Amer
lean film companies from British
profits over the last year or two.
Another 25 per cent will be re-
mitted according TO the plan in
April, 1912.
OF the present remittance,
Loew's has received about $1,000
600, Paramount about 81, 250, 900,
Twentieth Century-Fox about ST.
100000, and Columbia Pictures
about S25O.0O0.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02


movement I'm income taxes that
will be slow I'm stabilizing itself.
When we are through with our
war expenditures shall no
doubt go In heavily for building
up our twO-0cean navy, for put
ting whole armies into the air,
for creating vast tank corps and
for building the latest types Of
guns. Our national debt Will
keep on mounting, and our taxes
will mount with IL.
"Nor will the modest income
get off lightly. II will be a
more equaIitarian world that
we shall face in 1945 and 1850.
lit will be n world of much
greater public works. Taxation
and uncertainty will hold back
the venturing tendencies Of pri-
vate capital. Employment will
have to be found, and In default
Of sufficiently active private
enterprise, the state will have
to find IL.
1T will he a world In which
the demand for highly trained
men will be greater than ever
before.
The money maker faces full
times, the trained expert faces
stirring times"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Pays ON Loan
Southern Pacific Reduces
Debt by S Millions

NEW YORK, Nov. ]. Southern
Pacific Company has paid 5000
900 on its serial bank loans, re-
ducing the amount outstanding 10
SIS, 0O0, 900. Loans paid were those
maturing January / and Apr l,
1912, and July l and Oct. /, 1915
Remaining outstanding bank loans
mature in equal quarterly install
ments, July l, 1912, to Apr. ],
1945, inclusive.
These notes were issued 10 fl
nance RFC and bank loans which
originally were due TO mature or
Nov. ], 1941.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Loans TO Brokers
Rise L Millions

NEW YORK, Nov. Loans 10
brokers and dealers in the week
ended October % totaled $500, 900, :
600 up So, 100000 from the previ-
Gus week and an increase OF
500, 10000 from the like week a
year ago. Other loans for purpose
of purchasing or carrying securi-
ties amounted TO $152, 600, 900
down S1,000.000.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Approve Cotton Belt
Interest Payments

ST. LOUIS, Nov. Fedora
Judge Charles Il. Davis has au-
thorized the trustee of the st
Louis-Southwestern Railway to
pay two full instruments Of inter.
est. due January ] and July ]
1897. respectively. on per cent
second mortgage income bond Ger.
tificates. Payment aggregates
$500. 600. or $50 per coupon.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Baldwin Rubber
Nets &c Share

Baldwin Rubber Company re-
ports for the quarter ended Sep
TENDER 30. last, net profit OF
SOL. O68 after depreciation, pro-
vision of $1,000 for federal in
come tax, etc, equal 10 80 cents
a share on 315,254 shares of 81
par capital stock.
This compares with $81 ATS OF
% cents a share in the like 194C
period.
The companys fiscal year ends
June 30.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Heads z U. S. Steel Units

CLEVELAND, o., Now THE
election Of X. G. Stevens as presi-
dent Of the Pittsburgh and Con-
neaut Dock Co., Conneaut, O., and
president of the Pennsylvania and
Lake Erie Dock Co, Fairport, o..
United States Steel Corporation
subsidiaries, has been announced
by the board of directors of the
two companies. Stevens succeeds
the late George S. Meek.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Fig Institute Names
Local Representative

Edward G. Foster has been ap.
pointed Detroit representative OF
the California Fig Institute and is
making plans for an intensive
merchandising and sales campaign
here.
with imported figs virtually
eliminated from the market,
we're out 10 sell the public on
the virtue Of the California figs,
and we're going 10 use the news
papers to do It," he said.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Lima Locomotive
Reports Big Backlog

LIMA, O., Nov. Officials of
the Lima Locomotive Works. Inc,
report a backlog of 70 locomotives
since receipt of an order from
Chesapeake and Ohio Railroad for
10. costing $2.750,000. Orders so
far this year have been received
for So locomotives, compared with
81 for all of 1910, which was the
best year since 1918.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Steddier Tone
by
Stock Market
Few issues Gain
TO a Point; Utilities
Continue Down Trend
In,,rna,lon.I New, ssrvic, w,rs


NEW YORK. Nov. The stock
market developed stesdier tone
TODAY and few stocks scored
gains running 10 point How
ever. some sections OF the list
continued under pressure, and
there were again numerous new
lows. Utilities were under steady
pressure.
Crucible rose almost point in
steelS. Bethlehem was up frac-
tionally and United States Steel
Douglas was a point
higher i'm a better market for
aViatiOnS.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
WoodaII Industries
Clears S378,567

Woodall Industries, Inc, shows
for the year ended August 81, a
net profit of S378,567, after fed
eral income and excess profits
taxes, etc, equal TO SIPS a share
on 100000 shares of capital stock
This compares with $34S,874 OF
S1.16 share in the preceding
wear.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Calumet & Hel|a Net
More Than Doubled

NEW YORK, Nov. Calumet
e. Hecla Consolidated Copper Com
pany and subsidiaries report for
the nine months ended September
30. a net profit of $927.212 after
SAILS. 900 provision for federal in
come taxes, or as cents share
This compares with net profit OF
$403. 1856 after $4,000 taxes, OF
20 cents a share in the 1910 period
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
On the
Business.
Front
By WARD SCHULTZ
Financial u. ltOr

Each, week the British Pres
Service complies a report from in
formation received from the Brit
ish consulS in American cities. j
is largely by this report that Hin
Msjesty's government gauges th'
American trends and public opin
ion.
Here are few OF the conciu'
sions from the last issue:
Business men and investors
In the United States are much
less worried about foreign AZ
fairs than about what they con-
slider the internal attack on
American social institutions.
Wall street generally Is more
optimistic over the Russian hat
tie but il more critical of Brit
ain feF-Ha4= seiEing the epPef-
tunity 20 create a major diver
sion in the west.
There II general opinion
that postwar development and
business expansion will he enor-
nous II the government would
only give hope Of anything more
promising than debt, taxes and
depression and Wall street be-
lleyes the administration's un-
cooperative attitude toward
business is slowing the business
effort.
Detroit's reaction toward news
events in the week covered was
interpreted as follows:
The attack on the kearny
created no desire for any dras-
tic action beyond repeal of the
Neutrality Act, and the event
was played down as something
that was inevitable.
Detroit thought that the more
cheerful news from Russia had
tended only "a produce moro
apathy about tho war.
Perhaps readers of this column
won't agree with these interpre-
tstions but IL certainly doesn't do
any harm 10 know how the Brit
ish think we feel.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Store Sales 8 Pct.
Over 1910 Period

NEW YORK, Nov. 1.-The Fed
eraI Reserve Board estimated de-
partment store sales in the week
ended October IS were 8 per cent
larger than in the corresponding
week last year. In the week ended
October Is sales were 6 per cent
more than year ago and in the
four weeks ended October IS they
averaged is per cent more than IN
the similar period last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02

what is now going on defense
action hardly fits, seeing that q
very large part of our output for
military purposes is being sent 10
Britain, North Africa, China, and
now to Russia.
One wise company president, c.
Donald Dallas of Revere Copper
and Brass, is sending a letter 10
the home of every employe, SO
that when layoffS occur, the vic
Tins will know the true reason
Also, he wishes TO convince them
that he and the entire manage
ment will do their utmost TO keep
as many as possible on the pay
roll.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Gas Co. Earnings
S2,273,444 in Year

The Michigan Consolidated Gas
Company for the II months ended
30 reports earnings of
81, 273, 444, after preferred divi-
dends, against $2,371, 164 in The
preceding 12-month period The
company's revenues increased
81, 142,901 during the year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Slowing Up Progress

Thought provoker Charles IL
Watt. president of Beneficial In
dustrial Loan, says that he car
remember when people fought the
use Of those new-fangled electric
lights because they would use up
ell the oxygen in the air and ev-
eryone would die of strangulatIon
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Rationine on Way

Rationing OF civilian items will
begin here within three months,
Washington observers believe.
First items 10 be doled out will
probably be light switches, pipe,
refrigerators, stoves, washers and
autos.
Although defense officials dread
the prospect. they admit that the
probable system will be rationing
by government tickets.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
United Drill Earns
Million in 9 Months

United Drill and Tool Corpora
ton reports for the nine months
ended September 30. subject TO
audit and year-end adjustments. a
net profit of 81 ,044, 402, after pro-
vision of 81, 1886, 500 for federal in
come and excess profits taxes.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Revere Will Explain
'Layoffs in Future
Move Praised but Forbes Asks
Round Table Talks TO Avoid Firinos
By b. c. FORBES

Upon whom will the blame fall?
The outlook that he
laid off during coming months This will nce bitter discomfort
ne ar
the industrial
beyond all former records
understanding
will feel disposed resentful
responsibility lies whole
dslncaion the adnration,s gigantic activities
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Brown-MCLaren
Declares Dividend

Brown McLaren Manufacturing
Company has declared a dividend
of 5 cents. payable November Is
10 stockholders of record Novem-
Der s.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
New Partner in Audit firm

NEW YORK, Nov. BARROW,
Wade, Guthrie e Co today an
noslnced that Donald NJ Kimball,
G. p. a. Of Detroit, Mich, has
been admitted as general partner
Of the firm. "
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
5c Extra Dividend
By Frdnkenmuth

Frankenmuth Brewing Company
has declared a regular quarterly
dividend OF pa cents and an extra
dividend of 5 cents, both payable
December Is to stock of record
December 3.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
'SociaIistic Forecast
Arouses Criticism
Hits IeveIing Down as Backward;
Cites LeveIing Up ofPre-New Dea|
BY MERRYLE STANLEY RUKEYsER

Although financial speculation in Wall Street has been at low
the future rife nowadays
choosing training for people in making business
and making investment PORTFOLIOS is necessary 10 nave
a viewpoint concerning what lies ahead
Johnson of the New York New School
brochure sticks his neck
Here is his set of predictions:
The huge pryate with which familiar In
sZiIIhe
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Commodities Sag

Commodities were inclined Ia
sag. Wheat was down fractionally,
Cotton lost % cents bale. Minor
staples eased.
While a steadier tone prevailed
in most curb stocks, some leaders
Jagged in light trading. While most
gains were fractional Quaker Oats
ran up 2 points.
On the bond market Silesian-
American rs fell more than 70
points on denial by the treasury
department of an application to
sell the company to European in
terests.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Firm at Capacity

After stating that the company
for almost a year has been "oper.
ating at a rate far in excess Of
anything that we had heretofore
done" he goes on TO say, i'm part
The demand for copper and
zinc for defense purposes has
reached such proportions that
the United States government
has taken over the ALLEGATION of
copper and zinc. Our ALLEGATION
for October was cut to approx
mately One-half. We are, of
course, cooperating with the
government. But we are max
ing every effort to secure every
pound Of copper and zinc that
we can secure and we are de-
veloping as rapidly ms possible
new types OF products to help
keep our mills busy. We are
making every effort to maintain
employment"
All other employers likely TO be
crippled by scarcity of raw mate.
rials should bestir themselves inn
to make their work
folks thoroughly familiar with the
facts. They should not wait until
d Use arges become
necessary.
Letter Isn't Enough
Sending a letter to each work.
er's home is commendable: but II
isn't enough. Nor are articles anC
editorials in company publications
Arrangements should be made tc
call together all the workers, pre-.
ferably in groups of moderate
size. for face-to-face sessions with
leading representatives of the
management-the higher up the
better. After informal, luciC
talks, the men should be giver
opportunity and encouraged tC
ask questions.
1t might be fitting in many in,
stances to sound out the men fol
suggestions as to how unavoid
able reduction of the forces shoulC
be arranged. whether solely by
dismissals and maintaining all the
others on full time. or whether
spreading of the work through
shortening of hours would be pre-
ferred
In other words. those most seri
ously affected should be brought
intimately into the picture.
Unless something along the lines
here suggested be done, much o.
the blame for what happens vii
be unfairly fastened upon EN-
ployers rather than upon those
actually responsible. With in
calculably harmful social conse
Quences.
Copyright, 1941. ny p. c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
La Sale Wines Pays
5 Cents on Stock

La Sale Wines and Champagne
Inc. has declared a dividend of
cents. payable November 20 tc
stockholders Of record Novem
Der 10.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Chrysler MoUes Up

Chrysler gained but General
Motors sagged. Electrical equip
ments improved Oils were aided
by Standard of CALIFORNIA; extra
dividend.
International Mercantile Marine
hit new high and New York
lShipbuilding was stronger. Gains
were scored by rubbers. amuse-
ments and farm implements.
Union Pacific lost point TO a
new low. Others 10 hit new lows
included Commonwealth Edison,
North American. New Jersey Pub
lie Service, L.. C. i. and Reynolds
Tobacco b.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Detroit Poultry

Market, springers weak, balance steady.
No quotations available Saturday
EGGS Market firm: current receipts
32c. undergrades. 25ih N 26ike
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Top 800 Millions

September wholesalers sales
chalked up the even more re-
markable rise of a. per cent over
the comparable month last year
greater than any other year-to-
year change recorded in the six
years the commerce department
has been compiling such data.
Independent retailers reporting
from "a states showed total sales
Of S304 800, 900 during the month,
while wholesalers delivered $344,-
500. 900 worth OF goods. On the
basis Of these reports, government
experts assumed that unprede-
cented consumer demands for
goods are not depicting retailers
shelves. but are drawing heavily
on warehouse stocks.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Excessive Government

Likewise. if athere is TO be no
turning from excessive govern
ment spending and taxing, then
the outlook is for depriving earn
ers of an increasing proportion OF
the goods and services which they
produce.
1t is a dismal picture which
Doctor johnson paints OF post
war equalitarian world. in which
presumably levelling down pro-
cess will take place.
In the dynamic days OF more
and better things for Americans,
there was an impulse 10 develop
"levelling up" process. Living
standards rose progressively as
human efforts were supplemented
by additional mechanical horse
power and superior tools (capi-
tai
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Examines Theory

7 shall not attempt to compete
with Doctor johnson in crystal
gazing. but would like TO examine
the validity of some OF the prem
ises which the savant appears TO
accept.
In the first place. what Is the
forecaster's personal bias To
begin with. he is a professional
liberal" Secondly, he is an edu-
Gator, and it is perhaps natural
for him TO ballyhoo courses for
trained experts" rather than for
money makers.
If Doctor JohnSon's assumptions
are right, then we shall drift
after the war further along the
highway toward state. socialism
This trend is based on the un-
proven assumption that the poll
tician and the bureaucrat can dc
things better than the initiative
of citizens that they can spend
funds more wisely and frugally
than the housewives in 100000
American families.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Dow-Jones Bonds
A WEEK IN THE MARKET

NEW YORK Nov 1.-The following table shows the &c
tvty New York Stock Exchange each day this week
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
STEADY

The physical volume of bust
ness in the week ended Octo-
Der % held unchanged from
the preceding week at 1887.
The current level compares
with the recent high of 1854.
A year ago index stood at 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Unlisted Stocks

Approximate prices furnished nv the
National Association of Securities Dealers
~
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02
Raw Sugar

WORLD FUTURES
Open High Low Close
March 252h ass ASH BIZ. 81 u
May 253 2.53 2.b3 b2.52
July 2.53 2.53 2.53 z2.52
b-Bid.
Crossings
December, 50 bid.
January, 2.62 nominal.
September. asa nominal,
Market off 2.
Sales, % lots.
DOMESTIC FUTURES
Crossings
November, ass nominal.
January, 2 % bid.
March, 2S5 bid.
May, 2.s5 bid.
July, 2e0 nominal.
No sales.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-02

Significantly, the greatest In
creases were scored in sales of
luxury goods, indicating that in
creased income continues 10 find
its way into consumer channels,
rather than savings as desired by
the government.
Jewelry stores reported the
greatest increase in sales-H per
cent above a year ago, while pack
age liquor ran second with an
increase OF az per cent, and radioS
and musical instruments third, W
AZ per cent.
The only decline reported was
by automobile dealers who showed
a 10 per cent drop In sales ~
compared with year age. This
was because September is the nor
NAL model-changing month, and
dealers stocks OF old models had
been virtually exhausted during
! the preceding month.