davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
RATE UP "a POINTS

Because of the increase by
United States Steel, the actual
production for the industry as q
whole, compiled by Dow-Jones &
Co. Inc. shows a gain OF one
point over the preceding week
while the rate records an increase
of about 212 points over the
schedule reported for the period
by the American Iron and Steel
Institute.
For the industry, output FOL
the week ended November II is
placed at 90 per cent, against sc
per cent in the previous week ano
esis per cent two weeks ago. The
ln1ia per cent rate for United
States Steel compares with 1Ot
per cent in the two preceding
weeks. Leading independents are
credited with 97l2 per cent, COM
pared with 81 per cent in the week
before and 971s per cent two
weeks ago.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21

Many shifts are taking effect
within the various motor car
companies as the defense activi-
ties become more pronounced.
Buick shifted its personnel dur
ing the week TO take care of its
plane and tank programs.
Oldsmobile, which made some
changes last week, announces
more to fill the vacancies caused
by the first shift. L. L. Line
han has been named zone man.
ager in New York City. accord
ing to II. A. Trevellyan. new
sales manager. Linehan sue
ceeds j. II. Lemons, now in
charge Of eastern sales.
Russell Lesher. zone manager
in Cincinnati, has been trans
ferred to a similar post in Oak
land. Joseph II. Folsom sue
ceeds LeSher in Cincinnati.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
c. & 0. Pays 50(
Extra Dividend

NEW YORK. Nov. 21.-CheSa-
peake and Ohio Railway Company
has declared an extra dividend OF
80 cents on common stock, pay
able December u 10 holders Of
record December 5, and a regular
quarterly dividend of IS cents on
common, payable January / to
holders of record December 5
Dividends declared in 1871 total
$3.50, compared with S3.37i2 in
1910.
For 10 months ended October
81. net income was S32 800, 377,
equal to S4.22 a share on COM
mon, against S26,953, 422 or S3.45
on common in the 1910 period.
October net income was S7,187.
1874, compared with S2,477,273 in
October, 1910.
Railway tax accrualS for Oc-
tober and the 10 months include
credit of S1,375, 700 for federal in
come taxes because of adjustment
of over-accrual for the first nine
months. Similar credit adjust
ments will be included in Novem-
Der and December.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Forbes
Wealthy Planning
CurtaiIed Spending
This Cuisines
By b. c. FORBES

Don't expect as many Christ
mas presents as usual. l have
sounded out quite a number of
Well-to-do and wealthy families
in the S50,0o0-and-up income
class, with results which may
astonish.
Even so. total Christmas trade
promises 10 prove satisfactory,
perhaps very satisfactory.
Why?
Probably 100000 individu-
ais and families. mostly in the
wage-earning classification, find
themselves receiving more
money now than last year or in
any previous year during the
last decade. Many of them have
been increasing their spending.
That they will do so during the
Christmas season can be taken
for granted.
True. much of their buying
will not be concentrated on
Christmas gifts. The bulk of it
will be for necessaries and semi
luxuries, including things for the
home, also wearing apparel. The
recent hull in purchasing of semi
durable goods, such as labor
saving appliances, may lift dur
ing the holiday season.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21

News stories told of the trio of
representatives from British news
papers here TO cover the Go con-
vention. but the best story was
about the little man who isn't
here" III
His name is Isaiah Berlin and
he arrived in Detroit TO cover the
convention for the British Library
of Information. An Oxford man,
he has the accent to the nth
degree" and in addition is pro-
fessor of philosophy. In short,
he's tea and crumpets" Eng
liShman.
He descended on the British
consul. Cyril Cane, who took one
look and let out an anguished
moan. Cane and Sir Frederick
lLeggett. visiting British labor ex-
pert. went TO work and an hour
later Isaiah Berlin was back on a
train bound for New York
All of which was about the best
Job that the consul has done on
Britain's behalf in many moon.
And in mentioning the conven-
ton il recalls to mind the snatch
of a conversation heard in passing
group of men who were stand
ing in the lobby of the Book
Cadillac the other day.
The speaker was Councilman
elect George Edwards. who was
head OF the Detroit Housing Com
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
.Cont'| Oil Bond
Call Proposed

NEW YORK. Nov. 21.-Conti.
mental Oil Company will issue a
call for redemption on or about
March /, 1912, of not less than
ST., 100000 of its outstanding 10.
year pa per cent convertible de-
bentures due Dec. Is. 1913. These
debentures, offered Dec. Is, 1888
are outstanding in the amount OF
S21 OIL 500.
Following the meeting of di.
rectors to be held December IL
announcement will be made of the
redemption date, the amount OF
the debentures to be redeemed
and other particulars.
Directors have also declared a
dividend of Is cents, payable
December % to stock of record
December /. Paid a similar
amount in the previous quarter.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Mill Consumption of Cotton Is Declining

example the usual twoyear cycle in cotton textiles seems
running despite large orders The cotton
profit have been declining and were on
Mill consumption of cotton allowing for seasonal
declining this has something do with the
department sales in September and October
bank credit conditions that may
suggest by declines in the net reserves
banks demand deposits and in inerban deposits
But when said. it remains true that bank credit
expanding by loans, investments and bank
debts business baromete yet fore
n
latter October sales, and the September
babb shipments untitled orders for castings
Zinc orders increased in October
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Newspaper Ad
Volume RisinQ'

CHICAGO, Nov. N.-Newspaper
advertising Image placed by retail
ers in IS major cities during the
week ended November 8 showed a
gain of 81 per cent over the cor
responding week of 1910, Advertis-
ing Age, reported today.
For the week retailers placed
"a, lbs, 1872 lines, compared with
%, 406,791 for the corresponding
week last year.
The cumulative total for the As
week period ended November 8
was 929,319, sos, an increase of 3.5
per cent over the 897 ,802, 900 lines
reported for the same period
of 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Truck Figures OF

Civilian users of steel viii, OF
course, be the first hit. This
turn has been anticipated for
some time. One of the big
truck producers, going over the
1912 estimates of 100000 light
trucks for the model year,
snorted:
1.-THE OPM would be very
much surprised IL the auto in
dustry could fill all the re-
quirements for light trucks
without priorities."
He pointed out that light
trucks have no priority rating,
and went on:
eff materials are available, at
present quotas, We will be lucky
to make 725,000 light trucks for
the model year, let alone
100000"
AS this statement was made
before the coal mine strikes
spread, il can readily be seen
how optimistic even his figures
were.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Some Statements

Here are statements made 10
me by leading executives, mostly
presidents of large corporations
or financial institutions:
An industrial president:
Because the tax gatherer Is
getting such a great share of nay
earnings, / am forced to deny
myself the pleasure Of giving
this year at Christmas time. l
am having to adopt budget
that i never dreamed would be-
come necessary"
An international banker:
"As these are times of econ
omy, I have a general under
standing with my business
friends not to exchange Christ
mas presents but only good
wishes at Christmas time. 1
grant that good wishes are not
awfully useful, but they are at
least sincere and less expensive"
A company president:
with the very uncertain pic
ture ahead of us--particularly
the amount OF taxes we are 60
ing to have to pay In 1912 and
whether IL will be doubled, as
has been suggested In Washing
toni just am not going to
stick my neck out for Christ
mas presents of any kind this
year. Being a Scotsman, you
will readily understand my point
of view"
Another president:
"My family and l have made
a definite decision not to send
out Christmas gifts this year,
except within the family circle.
for, like every one else, we must
curtail our luxuries. Last year
sent out over 1900 Christmas
greetings; this year the list
won't reach 100"
While wage increases are the
rule. the financial outlook for
successful men who have estab-
lished a standard of living in ac-
cordance with their salary or
income. is far from rosy.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
u. S. Income Up

incidentally. despite the mil
lions of lower-income folks
brought under the new federal
income levy, / look for active re-
tail trade next year. Govern
ment spending is certain TO ex-
pand enormously.
Moreover, the department of
commerce figures that our total
income, based on September re-
turns, will this year reach the
unparalleled total of $92, OOO,-'
100000.
This is almost $10,000.000 900
above the previous record-break-
ing year of 1929, which marked
the climax of our last boom.
Especially notable is the jump
in earnings of our farmersE some
% per cent in the first nine
months of this year above the
same period last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
MARKETS
Lewis Haney
Lewis IIdney
Says U. s. Business
In Delicate Balance

Fairly complete statistics indicate that readiu
industrial activity being required and that irregulary
apt to prevail for another month or So 1t still seems quite
possible required readlstmen be effected
would ordinarily be due about
hopeful is tenabe for the reason that
the usual developments
The October figures show that the production of consumption
distribution of such goods through
usual channels Apparently stocks of merchandise have
accommodating since June This condition confirms other noi-
running above ship
rail- Allowance be made for requirements or
clothing goods This factor affects both
few months and the outlook for the future
conditions look unfavorabe Even So some NAL
adjustment shown.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Auto Production Relatively Low

and steel industry yet be unfavoraby affected
shortages The October figures
however letdown steel production and only minor
activity Production still below require
steel the steel plants have declined
This despite the fact that automobile production is
sales retail declining Stocks OF
probably increased sharply in October
(adlsted) declined in October and fell
ago. Building actually awarded gained
The OF residential rents
higher
factory unemployment about unchanged con-
the Columbus Day holiday
Factory declined thus rejecting some reduction
worked in aplane instrument ruooef
goods several other industries.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21

ration, is the newly elected presi.
dent of the Michigan Wire Cloth
Company. His firm has been ir
business since 1860.
Other new officers include S. w
Farnsworth. of New York, treas.
urer, and Harold A. Wilson. vice
president and general manager
w. II. Blodgett continues to heao
the sales department.
Michigan Wire Cloth is the
worlds largest manufactures oil
aircraft fuel strainers and the de.
Tense load has forced the company
to expand and modernize its man
ufacturing facilities.
Here's one for the book and il
comes from very authentic
source.
A civilian in Washington on dc.
Tense business was leaving one oi
the offices when he was stopped
by a government employe.
"You know there's an ir0nclad
rule that you can't take blue
prints out Of this office" the
business man was told sternly.
"But, I say" was the answer,
as he held the roll of prints he
had been carrying under his arm
up for inspection, "these aren't
blue prints. they're GRAY
prints"
ooh. that's different then, go
ahead" was the answer.
An x-braintruster?
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Shoe Production
AT New Hiqh Level

NEW YORK. Nov. 21.-October
shoe production reached an UNI
'precedented high level. exceeding
production for any previous
month, according to the Tanners
Council of America. 1t estimates
that output last month was APP
proximately 100000 pairs. or 26.9
per cent more than production of
37,027, 900 pairs in October, 1910.
September output this year was
43, 1916, 900 pairs. Production for
the year TO date. including esti-
mated October output. is 422, 705,-
900 pairs. an increase of 23.6 per
cent from the comparable 1910
total of 341 1894, 900 pairs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Has Lille Confidence in Cooperation

to what can mitigate economic
expansion, doubt that
industry would helpful
a understanding
have little confidence in such state
of being probable"
had previously discussed the subject with responsible
Washington gathered the impression that Jesse
H. federal loan administrator the financing
plants President feel emergency plants
the of being
disadvantage of private industry.
other hand formal commitment this effect has
made and the ultimate decision will be in the hands Of
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Holders Approve
Neisner RefundinQ

Preferred holders of Neisner
Brothers. Inc. have~approved a
plan TO refund S2,000.000 of 6 per
cent bonds Of Neisner Brothers
Realty Corporation, subsidiary OF
the parent company. Old bonds
par 500. will be called at Sll0
Funds for refnancing will be OBJ
tanned by the sale of So, 100000 OF
debentures TO the State Mutua
Life Insurance Company of Wor'
cester. Mass. and the Massachu
sets Life Insurance Company.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Nickel Plate Road
To Redeem Notes

NEW YORK. Nov. 21.-New
York, Chicago e. st. Louis Rail
road Company directors have
authorized redemption on Deem
Der 10 of the 10-year, d per cent
collateral trust notes, due Aug. !,
1916. The notes, which were
Outstanding in the amount Of Sl6,-
900. 900 on Dec. 81. 1910. will be
redeemed at 1917. Redemption
of the 4 per cent notes brings the
road a step nearer TO providing
some plan for meeting the arrear-
age on the preferred stock. which
was S57 a share at the beginning
of 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Labor Situation Foremost Problem

significant N time Is
being the
Relating this steel production schedules Mr. Weir who
earlier steel added
production through labor nterferences
seriously
interference
production slightest Justification
the steel industry time
when steel production to the carrying out of
defense program"
My next question was
civilian larger than normal your opinion?"
Mr. Weir said:
think that steel inventories in the hands of civilian
until check inventories being made by the
government $ completed"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
yellow Truck Pays
Soc Extra on b Issue

CHICAGO. Nov. 81. - Yellow
Truck and Coach Manufacturing
Company has declared an extra
dividend of 50 cents on class b
stock. payable December % 10
stock OF record December 9 and a
regular quarterly dividend OF Is
cents on class B. payable January
2 TO stock of record December 9.
Dividends declared on this issue in
l94l total Sl.50, against S1.12l1
in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
BUSINESS
DETR0f1sSa ks1ss7MES
M. S. Rukeyser
M. s. Rukeyser
Taxes, Labor Called
Cutting Steel Profits

T. Weir chairman of the National Steel Company told
would down distribuabe income
his barometric industry.
The fourth quarters profits he said will show decline
the third which, less than
those Of the second quarter"
Mr. Weir producing steel,
which essential product well for
civilian needs
prospect" declared
ton materials generally prce-and
higher labor which the big item in
Of producing
control of the steel industry have hope that
keep anything like present production.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Auto
Graphs
OPM's Warning
on Materials About
to Fall Heavily
BY SILER FREEMAN

Burdened month after month
with heavier and heavier produc-
ton cuts, the auto industry sees
going a-glimmering in the coal
strike the last vestige OF hope
that it can reach even the cur
tailed maximum allowances.
Every announcement of quotas
has been followed by the fore
boding words:
There Is no guarantee that
sufficient materials will be avail
able to meet maximum produc-
ton allowances"
Until now the ingenuity of its
engineers and production men
has made it possible TO attain
full quotas, but no substitute
for steel has yet been found.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21

There VIII be no more Gen.
eral. Motors Sales Corporation
after January /. This company
will 60 out Of existence on that
date and its duties and person
mel will be absorbed by General
Motors Corporation.
The move is said TO be only a
legal strategem and will have
little effect on the setup within
the corporation.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Sees Idle Machinery After War

discussion the effect
of plants add
making steel and iron asked whether it forehadowed
the if whether
long effect of wartime expansion.
Mr. Weir replied "the building
the steel industry covering both
a capacity after the
factw hadpr
country to recollection that
period ending slightly than
cent of capacity
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21

mission. He was saying very
earnestly:
they treated me all right
the 80 days 1 spent in jail"
That goes back to Georges
more active labor days, when he
violated an anti-picketing injunc-
ton.
A. A. Bull. former president OF
the Handy Governor Company and
q director Of king-Seeley Corpo-
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Honor S+udebaker Aide

David r. Osborne, director of
sales training of the Studebaker
Corporation, has been elected
vice president Of the National
Society of Sales Training Ex-
ecutives. Besides Os b orne.
Harry G.. Mock Of Chrysler and
j. II. Bowling of Chevrolet rep
resented the auto industry at
the annual meeting in West
chester. N. Y.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Carbide Output
Rises Sharply

Production Of carbide tool
grades used for steel cutting in
the first nine months of 194l in
creased 522 per cent over the
same 1910 period. according tc
figures compiled by the Carboloy
Company, Inc. Demands from
defense industries have boosted
carbide production totals 278 per
cent over the first nine months
of 1910.
A rise of IL per cent in carboloy
grades designed for steel cutting
conserves tungsten in large quanti-
ties for other defense items. The
Figures shown do not include
shipments of carbide materials 10
the British Empire, the company
stated.
w. c.. Robbins, president of the
Carboloy company, said:
Every additional carbide tool
used by defense industry means
not only an average output in
crease OF at least % per cent
machine per hour on which the
tool Is used, but also means an
important saving I'm tungsten.
Figures show that every pound
of tungsten used In carbide
tipped tools replaces 100 pounds
Of tungsten required by other
forms of tools"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
DOehIer Declares
Stock Dividend

Doehler Die Casting Company
has declared a dividend of 6 per
cent in common stock on the COM
mon, payable December % TO
stock Of record December 10. Pre-
vious payments this year were
cash payments of IS cents in
April, 25 cents in July and so cents
in October.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Utility Cuts Loans

NEW YORK. Nov. Gloom.
monwealth & Southern Corpora.
ton has reduced outstanding bank
loans to S13,000,000. using the
S3,150,000 it realized from liqui'
dation of its subsidiary, Tennessee
Utilities Corporation, to pay of
part of its Indebtedness.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Natl Steel Votes
Extra and REGULAR

PITTSBURGH. Nov. 21.-Na.
tional Steel Corporation has de.
clared an extra dividend of Is
cents and regular quarterly Of
IS cents. both payable December
II 10 stock Of record December L
Payments this year total 1928
lapainSt 81 30 in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
WiI(ox-Gdy Pays
70 Cents on Common

Wilcox-Gay Corporation has de-
clared a dividend of 20 cents on
common stock payable December
10 10 stock of record November IS.
The previous payment was 10
cents on January 6. bringing a
total for the year to 80 cents.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
25-Cent Dividend
By Calumet & He(Ia

CALUMET. Nov. 21.-Calumet
and Hecla Consolidated Copper
Company has declared a dividend
Of Is cents. payable December 13
20 stock OF record November %
Payments for 194l total 81, the
same as in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Hewitt Votes 75c

BUFFALO. Nov. 81. - Hew.
lit Rubber Corporation has de.
clared a year-end dividend of rs
cents, payable December ID tc
stock of record November %. Pay
ments for the year total Sl.50
against 81. 25 in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Modern CoIIet Dividend

Modern Collet and Machine
Company has declared a dividend
of 10 cents on common stock. pay
able December 20 10 stockholders
OF record December 10.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Teeumseh Pays 10 Cents

Tecumseh Products Company
has declared a dividend OF &c
cents on common stock. payable
December 20 10 stockholders OF
record December 10.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
i. 5. Steel Sets
~
New Airline
Output Mark
Units Operate at
Average OF Better
Than IolI7 Per Cent

NEW YORK. Nov. PA new
atl-tinae record 81 steel ineot pro,
duction was established by United
States Steel Corporation for the
week ended November il. when
the steel-making subsidiaries OPP
Grated at an average of better
than 1917 per cent Of capacity.
ii is estimated that output last
week was in the neighborhood OF
5S7, eco net tons, or AT an annual
rate Of more than 3o,606,0 net
Ions. This is based on the rated
annual capacity of the corpora
ZION Of 30.l0S. 900 net tons. which
would mean 577.463 net tons per
week.
RUNS 100 PCT. OR BETTER
For the preceding four weeks,
the corporation had been running
at 100 per cent or better. and il
is probable that a further increase
would have been recorded in the
current week. However, due 10
the strike in captive coal mines,
curtailment has already started
by closing of blast furnaces, and
this will be extended to open
hearths shortly.
That production was being
pushed last week is evident from
the activities in the various steel
producing districts of the corpora
ton. Plants of the Carnegie
Illinois Steel Corporation in the
Chicago area reached a rate OF
better than los per cent, while
those at Pittsburgh were at ap-
proximately 1917 per cent. Thus
the two most important areas con-
tributed substantially 10 the high
101i2 per cent average for all
districts
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Commodity Prices Show Lille Change

Department averaged sharply lower October but
decline checked weekly hetd
practically unchanged during the month
Commodity averaged about the same at the emo OF the
the beginning.
would delicate balance ana mat
administration push either
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
Toronto Stocks

Quotations supplied by bonfaFd CO.,
Windsor. Prices In cents Noon prices
MINING
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21
On the Business F ront

With WARD SCHULTZ
Detroit Times Financial Editor
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-21

Ds,ega stores Corporation and sub
SALARIES report for the six months endes
sertsr,ner u. a net profit of Sl3i $50 after
arnnrtiIatinn, federal Income and excess
.ornats taxes equal, after dividend re-
auirements on 8 per cent preferred. 10 81
cents q common share. against net loss
Of siTess in the six months ended sept
Is. 1870.