davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
May Oil Demand
Seen HIGHER

WASHINGTON, April %
Daily average supply of domestic
crude oil estimated by the bureau
of mines TO meet the market de-
mand in May is 3.799.700 barrels.
This is 90,400 barrels higher than
the estimated demand for April.
and is 2 per cent above the actual
demand for May, 1910.
On the basis of existing data
ard trends, the bureau anticipates
that during the first six months
OF 1871. domestic demand for all
oils will be about 55.000,000 bar
relS greater than in the first half
of last year, and that exports may
be @5.000000 barrels less, result
ing in a total demand for all oils
Of about 743.000,000 barrels.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Federal MoguI
Lifts Profit

Federal Mogul Corporation for
the quarter ended March 81. sub
Jet 10 audit and yesr-end ADJUST
ment. reports net profit of $751;
163, after depreciation. reserve OF
40 per cent for estimated normal
and excess profits taxes. etc.
equal 10 s. cents a share on 49,
474 shares Of S. par common
stock.
This compares with q net profit
OF S145, $50 or 50 cents a share
in the like period last year, when
tax reserve was based upon the
revenue act then in effect This
did not include provision for the
excess profits tax.
The company Will start produc-
ton next month in the plant addi-
ton which has been under con-
struction for several months. The
large amount OF defense business
20 be handled should make earn.
fDgs later TINS year impererVious
20 the effect Of curtailed sulomO.
tive output
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Price Ceilings
Bound 10 Drop
Stocks, Profits
BY LEWIS HANEY

Professor Of Esoaomics. \. \. UniVsrsit
Brooklyn. n. Y. asks;
How would freezing or fixed
prices affect company earnings
and stock prices?
Answer-The effect would be
urfavorable in most cases. Some
companies are making good
profits: but Others are not. To
some extent, increased produc-
ton has brought lower costs per
unit of output; but this factor
is now being offset by the dis
organization that comes when
plants are overcrowded, and by
higher labor costs.
The two main points arc as
follows: % II is proposed TO
freeze" only the prices Of GER
tain manufactured products.
This leaves unfrozen the prices
of important raw materials and
the price OF labor II leaves UNI
frozen the cost Of government
or taxes As a result, many
profits are bound 10 be squeezed.
- No two companies have
the same costs or make the
same profits. Thus. while fixed
price may not hurt some compa-
MES much. because they have
low costs and make big profits,
IL will hurt others badly. a
small high-coSt company's prod
uct may be vital to the defense
program. but the company may
be barely paying expenses. If
its prices are fixed, the COM
pany may have to operate at
loss or close down.
In any case. profits would be
reduced. and this would tend TO
{ reduce stock prices. Something
of this sort is partly responsible
for present low prices of stocks.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
M. 8. RukeySer:
Economic CommentstoT

requests for preference ratings
on civilian contracts. IL deter
mines preference ratings for
those items. including civilian
items and military items. which
do not appear on the critical
list. IL handles the ALLEGATION
of all materials-for example,
aluminum--which have been sub
jectec TO industry wide priority
control. Such industry-wide al
locations modify and take pre-
cedence over any individual
priority certificates which may
have otherwise been issued
against such materials.
''In the usual case, the priOri-
ties division issues priority GER
tificates only when such action
is necessary TO aid the defense
program and the connection
with defense il clear-Or 10 aid
some obviously vital civilian
project.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
200 Vital Items

This agency has created So
called critical list of 200 primary
military items which are needed
for national defense. The army
and navy board also assigns
preference ratings for military
supplies destined for Great Brit
ain and other democracies. and
has supervision also over prime
contracts for certain other fed
cral agencies. including the
maritime commission, the coast
and geoGctic survey, the coast
guard and the national advisory
commission for aeronauticS
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Tells OPM Operation

Working without fanfare. Ed
ward r. StettiniuS Jr.. and his
associates in the priorities divi-
sion of the office Of production
management. have been quietly
restricting the availability for
civilians Of various items. in
GLIDING magnesium, aluminium,
armor plate. bronze, chlorine,
moneI metal. nickel, Vanadium,
zinc and scores of other items,
for which preference ratings
have been authorized.
In setting forth the philosophy
under which il operates, The
priority division revealed:
The division administers all
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
She'll Union Oil Net
Lower in 1st Quarter

NEW WORK.. April % Shell
Union Oil CORPORATION for the
three months ended Msrch 81. re-
ports a profit Of So Cpl .794 after
provision for depletion. deDrecia-
ton. intangible DEVELOPMENT en-
uenditures. etc. and for federal
income taxes. This compares with
S5.314,15S in the corresponding
period OF 1910. Sales for the
quarter amounted TO S62, 990, $40
COMPARED with SGT .006.321 for the
1910 period, while costs. selling
and general expenses amounted 10
SAT. 044710 compared with $49,-
100 655 a year ago
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Stocks Mixed
Steel Shares
Firm
International News service Wire

NEW YORK, April %. - The
stock market was irregular today
in quiet trading.
Some of the steelS were firmer,
with United States Steel and Beth
lehem gaining slightly. Republic
eased.
Chrysler was lower and General
Motors sagged.
Rails were irregular and coppers
were mixed. Standard of New
Jersey lost a large fraction. Else
where price changes were narrow
and irregular.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Mclaughlin Appointed

The appointment of J. W. Nc
Laughlin 10 the post of manager
of the Oklahoma City region of
Dodge is announced by Forest
II. AkerS. Dodge vice president
and director OF sales. McLaugh-
lin has been on the company'S
headquarters sales staff for the
past y years. for the last three
years as manager of used vehicle
merchandising.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22

Mengel COMPANY reporis for the quauet
ended Msrch 81 net profit OF Slb4 ft2.
after depreciation. depletion. interest
amortization. income taxes at the rate 81
20 per cent. etc. equal after quarterly
dividend requirements on 8 per cent and
per cent preferred stocks. TO - cents
share on Sii7.6sl shares OF common.
This compares with . net profit OF SSS, III
or 81 cents a share On 81 ys0 shares oil
; PER cent first preferred IN the March
quarter OF the previous year. and net
profit of S2TS. 329 or 81 cents a common
shares IN the final quarter of 1870.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Hardware MutuaI's
Assets Set New Hioh

STEVENS POINT. Wis. April
~ The Hardware Mutual Cas-
uaity Company reports assets in
creased S1.195. 2SS to a new hi"h
of Sli.f00175 as OF Dec. 81. 1910.
Surplus to policyholders rose
1868, 919 over 1889. to S2.S32, 709.
also a new high. In addition. the
general voluntary reserve was in
creased from S3Sj. 900 to S47O. 600.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Speeds Deliveries

THE priorities division can
and does take action to help
expedite deliveries and prOduc-
ton, largely on defense work
but sometimes, IL necessary, on
important civilian projects. But
II must be emphasized that II is
not the policy OF the division to
take priority action to solve
some purely civilian problem
which has no connection what
ever with defense needs. unless
unusual factors are involved"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Forgotten Man

Rather the taxpayer than the
industrial wage Garner has be-
come the forgotten man" The
national interest cries aloud
tEat thorough-going steps be
taken 10 end the strafing of the
national interest. national safety.
Copy right. 1871, by b. c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Detroit On Upgrade
Analyses Show General Improvement in City's
Financial Condition

The City of Detroit has shown
general Improvement" in its fis-
cal affairs for the past eight
years. according to a financial
survey Just released by Hartman,
Ripley & Co., Inc. which shows
downward trends in total bonded
debt, net bonded debt and debt
service requirements. as well as a
favorable trend in Detroit's tax
collections.
In view Of Detroit's wealth and
industrial i'm por a nc e, there
would seem to be good reasons 10
expect that the city has the eco
nomic capacity TO meet its obliga-
tons" the survey says. despite
certain existing financial and eco
nomic problems. including a rela-
lively heavy funded debt.
One of the important financial
developments of the city has been
the substantial decrease in total
bonded debt. From June 80. 1892,
TO June 30. 1910. this figure de-
creased Sh0.543.53O. or about 70
per cent. and from Dec. 81. 1884
when most bondholders had ex-
changed or agreed to exchange
their holdings under a refundinc
plan), to June 30. 1910, total debt
decreased S2S.S90, 291. or about $
per cent. Moreover, there was a
decline in each of the years. with
one exception. Total bonded debt
as of June 30 last year was $2o9,
d01 1856
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Farmers Market

APPLES Delicious. fancy. x2.25 bu.
NJ. T. 81 sou I rs Greetings. No. l. 75c
n Si.25 bu: No. 2. 4OH soc. Jonathan.
fancy. 81 35h 80 bu.: No. 1. 90c pSli5,
No. 2 50 q T5c; Northern spys. fancy s2
bu.: No. !. Sl.J0Nl.7J: No. 2. 5cdSI
Mcintosh. fancy. $1.75a2 bu. No. ].
81 25 = $50; No. 2. 75c ISL: WaSners No.
/, Sl01.15 bu. Steere Reds fancy, 81 ~
o. So bu.. No. /, rs l.50; No 2. 15c
FRENCH ENDIvE-Fsncy. s,.75 BIB
BEE'fs-No ], 10 sr60c bu.
CABBACE-No. l, e5H 9Oc: No. . 50r
red cabbage, No. !. 75n soc bu.. No. ?.
cARRoTs-No. /, ssa ssc ou.; No. 2.
cELERY RooT-No. l. 75casl Ia.
CHiVEG-No. l. - y SOC dor punches.
EGGS Large. S7.75a s.25 30-doz. case
medium. STHT.J0
HoESE RADIsH-Farcy. S3a3.25 hi.
No. / s.. - 2.75 bu.; No. ,. Si.55q2.
LEXIS No. /. 40 "a soc COZ bchs
oNIONS-D Dry fancy, Al so 50-lb. sack
10. l. e0c u $i.I5. No. 2. so soc. No. ].
s - green. 81 b. zoe doz punches
PoTAToES-No. !, COZ s5c; No. >. IS
PoULTRY-Hens. live. hesvy breeds ~
a 2Uc b. leghorns lsb21c. broilers.
heayy. - a &c ID. ducks. i5l lso geese
JIHlt
RNDIsHEs - Hothouse. 80 n soc doz.
bchs
RHUgAFB- Hothouse. fancy. &c 5-Ih.
box; choice - &c. small, 20 n Coo doz.
bcrs.
VEGETABLES oYsTERs-No. /. soc n
81 doz bchs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22

Life Savers Corporation declared
a regular quarterly dividend of 40
cents on common. payable June 2,
TO stock of record May /.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22

Helena Rubenstein, Inc, declared
dividend of so cents on common.
payable May l. 10 stock of record
April rs. The previous payment
was rs cents on February 3.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Public Demands
Congress Hall
Hasty Striking

times of the late twenties. More
over. the purchasing power Of
the dollar is today greater than
IL was then.
Here are the average wage
earnings paid per hour in vari-
Gus industries in January-and
many advances have been
granted since:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22

D.. !. Du Font De Nemour. A Co. reports
earnings on its common stock Of Si.T1 a
share for the quarter ended March 81.
These earnings were after setting aside
SIT. I43 900 for federal taxes on income
based on existing law and provision for
oontlnEeneles 10 The amount Of $. 5Oo. 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Dividends

Dome Mines, Ltd, declared a
regular quarterly dividend of so
cents in Canadian funds. payable
July u, to stock of record June 80.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22

Rene fetal Industrial Lean Corporation
and SUBS idiaries show for the quarter ended
March 81. ret profit Of 81. 4S7 SOS. sftef
Interest. prov isfon for doubtful notes. fed
ersl taxes. etc. equal after dividends
paid on preferred stock to 60 cents 3 share
on - 3it. 9sa shares OF common. against
3 $50 So or Sc cents common share for
me Quarter ended March 81, 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22

1885 figure. Decreases were ef-
fected in each of the five years.
The Hartman Ripley survey
says that Detroit has substan-
tally reduced debt service re-
quirementS during recent years,
through the retirement of bonds
under the 1888 refunding plan.
and lower interest costs effected
by re-refunding operations.
There was a debt service saving
of S2.7l3901 in the years 1889.
compared with requirements as
they existed on June 30, 1888,
under the refunding plan. Based
on a calculation of Detroit's con-
troller as of Aug. l. 1910, debt
service requirements for the
19f0-63 period indicate a further
saving of $50. l06,211, or total
saving. actual and prospective,
amounting to S54,820,112. In
Guiding obligations OF the water
board and the department If
street railways. aggregate total
debt service savings through 1868
are estimated at So ,S04,059.
REFUNDING HELPS
Since the refunding plan OF
1888 was declared effective, De-
troit has between Feb. !. 1886
and Oct. IS. 1910. replaced Gala
/ bic bonds with noncallable serial
issues amounting TO 500. 9l4,00C
with an estimated interest saving
of approximately S36. 100000, ac-
cording to the financial survey
A re-refunding operation involving
SS.l24,0C0 callable term bonds
was undertaken last November.
and Detroit officials are now con-
sidering an additional re-refund-
ing operation, the report says.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
DEBT DECREASES

Net bonded debt which
amounted to 1888 SOC. SS2 on June
80. 1910. declined S26,36l,276, or
more than s per cent. from the
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22

HARRISON Walker RefractOrieS
Company declared a dividend of
37ia cents on common, payable
June 2. TO stock of record May -
A similar payment was made in
the preceding quarter.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
Toronto Stocks

Quntstions supplied by Bongsrd q Co 4.
" indsor. Prices in cents. Noon ouotat ions.
MINING
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22

Quebec Power Company declared
a regular quarterly dividend of Is
cents, payable May 20, TO stock OF
record April 2S.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
FOREIGN EXCHANGE

Wv YORK. Ami 22.-Press sven #
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22
REPORT CONDITION
COM M0NWEALTh BANK

4
a made. . IN.
q o In
CT
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-22

= In stack. d-Opi,onni stock
/. sodd lots oniy.
Evening star., 1941-09-19

pore, Senator Glass, Democrat, Of
Virginia.
Authorship of the amendment,
which will become law when Mr..
Roosevelt signs the tax bill, was not
disclosed. But members of the Sen
ate Finance Committee reported 1t
grew from a running argument be-
tween Mr.. Wallace and Henry G.
Wood, the legislative counsel.
One committee member said two
of Mr.. Woods clerks appealed to
Mr.. Wallace for salary increases and
that he investigated their cases and
decided higher pay should be grant,
ed. Mr.. Wood was reported to have
been vigorously opposed, however,
contending that others in his Office
had more experience and were more
entitled to raises. The dispute orig
mated several months ago. reliable
informants declared, and continued
for several weeks.
One authoritative report said that
at one point Mr.. Wallace ordered
Mr.. Wood from his Office and that
several Senators then sought to
bring about an smicable under
standing.
Former Senator James F. Byrnes,
now an Associate Justice of the Su-
preme Court, tried his hand, as did
Senator Glass, Senators reported,
and Minority Leader McNary also
was consulted. All finally gave up,
it was said, and the amendment put
ting the legislative counsel under
the President Pro Tenn then was
drafted.
An associate of Mr. Wallace said
Evening star., 1941-09-19
| Sets
| Worst August
| Death Record

The worst August record of traffic
fatalities in the history of the State
was registered last month, when Sc
persons were killed in Maryland, the
State Traffic Safety Commission an
nounced today.
The total was a 80 per cent in
crease over August, 1910. and a 70
per cent increase over July of this
year.
Most of the fatalities occurred in
the counties, four being recorded in
Prince Georges and two in Mont
gomery.
Pedestrian accidents accounted for
Al per cent of the deaths and 100
per cent of the increase over last
year.
On the lst of October 35 addi-
tional State police will be placed on
the highways to enforce the traffic
laws. This increase is being made
as a further effort to curb the rise
in traffic accidents.
Evening star., 1941-09-19
Symphony Tickets Bought
Now Will Escape Tax

A 10 per cent tax will be levied on
both season and single ticket ad-
missions to the concerts given by
the National Symphony Orchestra
after September 80, j. P. Hayes. Or
chestra manager, announced today.
Mr.. Hayes said he was informed
Yesterday by Edwin S. Johnson, clerk
and Capt. d. S. Bliss, deputy COM
missioner of the Miscellaneous Tax
Division, Internal Revenue Depart
ment. that the tax must be levied
in accordance with the tax bill. now
awaiting the Presidents signature.
The new tax is not retroactive
Mr.. Hayes stated, explaining that all
single and season tickets ordered
and paid for before September 80
will be tax exempt.
Subscribers, he said, are being
notified of the advantage Of buying
seats for the series of pop" concerts
opening Monday at Riverside Sta
dium, and for the three winter series
at Constitution Hall before the bill
goes into effect.
Mr. Hayes explained that the first
three concerts, which fall in Sep
tember. would be tax exempt but
the seats for the last three concerts,
early in october, will be subject to
a 10 per cent tax unless bought in
advance of October /.
Previously. concerts by symphony
orchestras, church and school en-
tertainments and other programs of
a cultural or educational nature by
non profit making organizations
supported by voluntary public con-
tributions were exempt from the tax.
Under the new defense tax bill, no
such exemptions are made.
Evening star., 1941-09-19
Pedestrian, IA, Hit by Taxi,
n Serious Condition

A 74-year -old pedestrian, William
Gotthardt, 1918 Monroe street NV,
was in serious condition at Emer-
gency Hospital today as a result of
injuries received when he was struck
by a taxicab while crossing Pennsyl-
vania avenue at Seventh street NV.
yesterday afternoon.
Police said Mr.. Gotthardt was on
his way to the sidewalk from a
streetcar loading platform. He was
treated for fracture of the right leg
and possible fracture of the elbow.
Meanwhile, coroner's jury
cleared Policeman Edward M
Brown. Al. of 4O08 Chesapeake street
NV. in the death of John j. Ragan
65-year-old pedestrian who died
Evening star., 1941-09-19
Clerks Pay Row Robs
Wallace Of Control
Over Senate Counsel
Vice Presidents Run-in
With EmpIoye Ends in
Power Going to Glass

BY the Associated Press.
Because of an argument over the
salaries of TWO clerks, it was learned
authoritatively today, a last-minute
amendment to the record breaking
1858, 100000 tax bill will strip Vice
President Wallace of his control over
the Senate's Office of Legislative
Counsel.
The legislative counsel and his as
sistants aid Sena tors in the prepara- =
ton of legislation, advise them on
questions of constitutionality and
perform similar functions.
Since 1918, the Vice President has
had the power of appointing per-
sonnel for the Office, and, in con-
Sultation with the legislative coun-
sci, of making changes in salaries
and assignments. The tax bill
amendment takes that authority
from MIR. Wallace and gives it to
the Senates President Pro Tenn
Evening star., 1941-09-19

September from injuries received
during a rainstorm the previous
afternoon.
Accident investigators testified
that Mr. Ragan ran into the side
of the policeman's car and was out
side the croSswalk at the time. Mr..
Brown was en- route to the eighth
precinct station when the accident
occurred.
Evening star., 1941-09-19
Nazis Have 9 Million
Under Arms, Says
u. 5. Official
Third Thot Many Unused
In Russion Fight. Aide
In War Office Reports

~ the Associated Press.
JACKSON. Mich. Sept. l9-Johr
j. McCloy, Assistant Secretary oI
War, declared here today that the
Germans have 300 divisions totaline
100000 to 100000 men under
arms and that perhaps 100 of these
are yet to be thrown into the battle
of Russia.
In a speech before a meeting OF
the Michigan Bar Association, the
War Department official also saio
It, was probabl that hostilities
would spread to the Mediterranean
area, Spain and North and West
Africa.
Today. he asserted. the wars hot
test fame is burning before Lenin-
grad and the rich Donetz Basin of
Russia. but tomorrow you may al
most be sure that it will be f1aring
up in the Mediterranean, in Spain
and in North and West Africa"
L. s.. British Forces Small.
Mr.. McCloy's figures on German
strength apparently represented the
latest estimates made with full
weight given to losses in the Rus
sian campaign and compared with
earlier estimates of 240 NaZi divi-
sions and with Russian reports that
the Germans were being compelled
to call in divisions from occupied
countries all over Europe.
Germany. he said, mas 300 divi-
sions under arms-9, 100000 to TO-
100000 men; England has only a
fraction of that number; We have
33 and a cavalry brigade Its air
force alone is as large as our entire
Army"
at is estimated that perhaps 100
Of its divisions have yet to be en-
gagged in Russia" Mr.. McCloy con-
tinued. The tanks and airplanes
which Germany can muster on any
one day exceed all the tanks and
planes which were engaged in all of
the last war on all sides. With
these weapons Germany wages war
on the basis of strategy that en-
compasses the globe"
Outlines Americas Role.
As for Americas part in the op-
position to the German struggle for
world mastery, Mr.. McCloy said
that we already have within our
means full command of the sea il
we wish to express it," and he added
that with England we will at not
too far a time command the air, anG
next year our armies, if needed. will
be prepared to respond TO any task
we now foresee"
Indicating that il might be plan
ned to put land planes"-pre
sumably Army bombers-into the
battle of the Atlantic which the
Navy entered on a shoot-on- sight
basis last Tuesday, Mr.. McCloy sale
that such planes can operate
effectively from shore. Navy people
tell me that they should be able tc
exert a decisive influence on the
ship sinkings in the Atlantic i'm
mediately they set about the job
on an sll-out basis"
He predicted tie development Of
larger and larger bombing planes in
this country. saying that I'VE have
on the drawing board and in process
of construction long-range bombers
that will make" present standard
four -motored bombers look like
little brothers"
Evening star., 1941-09-19

he had made no effort to resist the
amendment and that. he had
washed his hands of the whole af-
fair long ago"
Evening star., 1941-09-19

Camphor fuel substitutes are being
sought in Human Province of China