davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-05-14
Still Upgrade Fe Headed for Rating of Greatest Pitcher Of All Time
Win, Lose !:,:.: o. or Draw
By FRANCIS {. STAN.
Buer Is Fit to Be Tied
By FRANCIS (. STAN.

training camp
Md time the boobie caboose door shall
willingly violent period
probably will
weight championship % at Griffith Stadium That is he will
fight hold his Already
big, 25-year- old guy-and kddng-S grayhaed.
designed the ability of take
punishment Buddy subjected This Oney place where
livestock willy nly wild birds powl
mechanical woodpeck hammy ghosts
pnters hustle movie during
Evening star., 1941-05-14

Runs batted in-Tebbetts. Campbell,
York. Case (2). Vernon t2). Hudson. TWO
base hits-Campbell Three base hits
Vernon Vernon. Stolen bases-case. Sacrifices
Gehrinser, Croucher and York; Benton,
Croucher and York. Left on bases
-oh Newsom, 4: OF Benton, /. Oh
Hudson, 4. Struck out--By Newsom, Q;
BY Benton: /: by Hudson, s. HitsIOr
Newsom, in hve innings (none out in
sixth; on Benton, in three Innings. Hit
by pitcher-By Hudson (Gehringer). VIM
pg ning pitchsT-Hudson, Losing pitcher
Benton. Umpires-Pipsras,. Geisel and
Passs rells; Time - 2:10. Attendance
Evening star., 1941-05-14
AK Is Beckoninq
Dean, Boss.PaI
Put on Spot
DeodIine for Pairing
Near, Wilson Must
Decide DIS Fate
BULLETIN.

CHICAGO, May IA (P).-Gen-
eral Manager James Gallagher of
the Cubs announced today that
Dizzy Dean had requested that he
be placed on the voluntary re-
tired list.
Evening star., 1941-05-14
Major League Statistics
WEDNESDAY NAY H. 1e41
WEDNESDAY, NAY IL. 1ea1

AMERICAN.
Results Yesterday.
WASHINGTON, 3; Detroit, 4.
Cleveland, .: New York, i.
Chicago, 3; Boston. 2.
Philadelphia. z: st. Louis, 3.
Evening star., 1941-05-14

NATIONAL.
Results Yesterday.
BROOKLYN. 4; Cincinnati. 8.
81 Louis. 3: New York, 2.
Chicago, 4; Boston, 8.
Pittsburgh, 8; Philadelphia, 3.
Evening star., 1941-05-14

Games To-day. Games Tcmsrfow.
Det. at wash, SIS o. L. st Wash, sis,
Cleveland at y, z. Cleveland ct poston.
6t Eouts q fniia. 6etroaS g Yhfis.
Evening star., 1941-05-14

standinr Of the Clubs
Evening star., 1941-07-31
Stock Averages
60 Stuck Range Since 1927:
By VICTOR EUBANK,
Associated Press Financial Writer.

Associated Press Financial Writer.
NEW YORK, July 31.-The stock
market today bowed out July. best
recovery month since September,
1899, with a suspicion the party
may have been a little too up
roarious.
Rails. aircrafts and speclalties
were bid up moderately at intervals,
some to new highs for the year, but
numerous leaders acted weary from
the start. Closing trends were
slightly ragged.
Steels, motors, utilities, coppers,
oils and rubbers never got anywhere
in particular.
Dealings were fairly speedy in the
forenoon, tending to slacken as Of
ferings began to come in. Transfers
amounted to around $4,000 shares.
The market had plenty of good
business developments as nourlsh-
ment, but tax doubts were more per-
sistent. Some customers who had
leaned to the buying side trimmed
commitments to await the action OF
Congress on the Presidents anti
imitation recommendations. Scant
inspiration was derived from the Far
Eastern news or German Russian
war bulletins.
Rails were buoyed by less than
seasonal decline in last weeks
freight loadings, as registered in the
Associated Press index.
Better acting stocks included New
York Central, Southern Railway.
Southern Pacific, Northern Pacific,
Consolidated Aircraft, Lockheed,
Wheeling Steel. Bethlehem, Texas
Corp. Allied Chemical, Paramount
Pictures and American Gable.
Backward the greater part OF the
day were United States Steel.
Youngstown Sheet. Chrysler, United
States Rubber, Goodrich, Eastern
Air Lines, American Airlines. Pepsi
Cola. Consolidated Edison and Air
Reduction.
Cities Service common jumped in
the curb as the company announced
plans for compliance with the Pub
lie Utility Act of 1885. Support was
given Electric Bond & Share. Hum
BILE Oil, Gulf Oil and Glen Alden
Coal.
Evening star., 1941-07-31
D. {. Bank CIearinqs
Reach An-Time
Record for July
Total of Sl49,l38,656
Reflects Increased
Defense Business Here
BY HAROLD b. ROGERS.

Rejecting the increased defense
business, Washington bank clearings
in July scared to the unprecedented
total of $149, 1856, it was reported
by the Washington Clearing House
Association as the books were closed
today for the month.
This compares with S123 ,533 ,492 IN
July, 1940. and the boom year total
of s127 ACT I'll in July, 1929. Other
figures for July in recent years in
cluded S51 ,328,169 in july 1888;
SOL ,590,257 in July. 1887, and $l01,-
104 93l in July, 1889.
The July figure his year also eX-
ceeded June of this year which stood
at $142,574129.
Seven Months Figure Ahead.
For the seven months of l94l
elearings rose to $979 ,435 375, far eX-
ceeding the 1910 seven-month period
which was s787,O07, ,676.
Bankers pointed to the clearings
figures today as definite evidence OF
the great growth in business, which
the expanding Government and new
defense activities have brought TO
the National Capital.
Clearings for the first seven
months of 1941, compared with the
corresponding 1910 periods as fol-
1ous
Evening star., 1941-07-31
Memphis Cotton Exchange
Breaks All Sales Records
b. tie Associated Press.

b. the Associated Press.
MEMPHIS, Tenn, July 31.-The
Memphis Cotton Exchange closed
its 1940-41 season today with a
record of sales almost a million bales
higher than last years high mark
of $4,000 bales.
Total sales for the year through
last Friday reached 4,082,111. Fig
ures for this week were not imme-
diately available.
Exchange officials predicted a
final check would show virtually
every other record in the history of
Memphis cotton trading broken or
equaled. Wartime conditions
bringing with them a major increase
In domestic consumption, were cited
- chief reasons for the growth.
Evening star., 1941-07-31
Bank of EnqIund

LONDON July 81 LP,.-The weekly con- -
dition statement Of the Bank OF England
today showed note circulation had risen
another S5.7750OO to new record $685.
100000 durinG the week ended July 80.
Gold holdings were replenished by s42,S
600 while reserves were lowered f5,733, 900.
Additional purchases Of governments se-
curities amounted TO 81 $4,000 and other
securities loan account rose f46.000
The proportion of reserves to liabilities
dropped TO I'll per cent compared with
19 per cent for the same period a year
ago.
thousands of pounds:
Circulation, 65s43O; increased 5,775,
Bullion. 1851: increased a..
Reserves. 33,52l: decreased, 5.733
Public deposits. IL ,2s6: decreased. 5,S4I
Private deposits, $4,000; increased
$3.50
Government securities, 1878; In
creased 11IS40,
other securities, 29,5l7; increased 4a
Ratio of reserves 70 lisbilities l2i nse
cent compared with 1876 last week,
Bank rate, 2 Der cent.
Evening star., 1941-07-31
Commodity Prices

NEW YORK, July 31.-The Associated
35 commodities today declined to So 20.
month ago. $3.50: year ago. 90 70;
Low 77.03 $3.50 63.7s 41.44
1926 average equals 1000
COFFEE-Spot hrm; Santos No. 4,
12ss-7s: Rio. No. 7, .. Cost and freisht
offerings INCLUDED Santos Bourbon IS and
'S santos No. ID" futures closed 50 to
61 higher. Sales, $3.50 bags. Septem-
Der. 12.12; December. 1929; March.
Rio No. : "A" futures, "a to 80 hisher
Sales, 1880 bags. September, S.0ln;
December, s;l1b: March s.36b. -.
COCOA-Futures closed upchanged to
! higher. Sales, 2,412 tons. Septem-
Der, 75S: December, ZION: March, 7.G3n.
RAW HIDE-Futures closed . to 4
lower Sales, $50, 600 pounds. September,
1445b December. 1440b Spot, No. l
West light native cows, Ism.
CRUDE RUBBER-Futures closed un-
changed to 10 higher. Sales. No. I stand
ard, "a contracts. September, 22.60a:
December. % 05b: March. 2O.45b. Smoked
STRAITS TN-Futures closed un-
pounds; October. bi.76s. No sales in
WooI-Fu.urss moved narrowly IN
Evening star., 1941-07-31
Dividends Announced

NEW YORK July 31.-Prepared by
Fitch Publishing Co.
Resumed.
Pc Stock Of Pay
Rate riod record able
Republic Pete Co---3c 9-10 9-20.
Evening star., 1941-07-31

light turnover today. Trade buying or
ders we're offset by small hedge sales
Grease wool futures closed / of a
cent lower. October 94.4b, Certiicated
grease wool. spot, 94.2b. Wool top fu-
lures closed unchanged to / Of a cent
lower october, 123 Sd: December. 121 5b:
March, ll99b. Certiicated spot wool
tops l25. 5n.
bid n Nominal
Evening star., 1941-07-31
What Stocks Did.
Insurance Stocks

NEW YORK. July 81 LP-Eational
Association OF Securities Dealers, Inc:
Evening star., 1941-07-31

a HISO eNTTH OF eXLTaS.
Declared or paid so far this year.
e Paid last year.
Quotations furnished By National Asso-
citation of Securities Dealers. Inc. which
states they do not necessarily reflect actual
transactions or firm bids or offers, but
should indicate approximate prices.
Evening star., 1941-07-31

Unit trading,
bing
Bankruptcy securities assumed by
dividends table
the quarterly emannual declara
otherwise dividends
included
x Ell dividends. rights Also or Cash
stock Paid last Payable in stock Declared paid
dividends paid or declared this year
Evening star., 1941-07-31
u. S. Treasury Notes
NEW YORK. July 81 LP).-Prices ouotec
in dollars and thirty-seconds:

The hairbrush used by the Navajo
Indians is a bundle of stiff grass
stems. The same brush Is also used
for sweeping floors.
Evening star., 1941-07-31
reported By Smith

The Lake of the Woods in Can
ada covers an area of 1000 square
miles, ra.,,-.,-..-,,- ...-. ...., -- .-,-- :
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Allied Prod. Net
To Top 40 Total

Defense work OF Allied Prod
ucts Corporation has mounted
in recent months, making
the outlook quite different than IL
appeared Summer when cur
tailment of automotive operations
was in sight with no substantial
offSetting business scheduled.
approximately so per cent of
productive capacity is being used
to turn out a wide variety of
small parts for tanks and other
defense equipment
Earnings in l94l will be sub
stantially ahead Of the SAT- 96i
or $494 a common share reported
for 1910. For the nine months
ended September 30 last, net
profit was S415.972 or S44S a
share, against S344,772 or $3.50 a
share in the like 1910 period.
Business in the current quarter
has been we'll Sustained amt al
though some letdown in automO-
tive output will occur this month.
The period -neteftife+e~-- ~ l---se,tti
substantially to the resu { s
achieved in the first nine months.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Briggs Profit
Outlook Good

During the defense emergency
Briggs Manufacturing Company
appears likely 10 fare relatively
better than most of the larg c
automotiNe parts companies Earn
ingS for 194l should moderately
exceed the Sc 130S8l or $500 a
share reported in 1910 and the
outlook we'll into 1912 is favorable.
Good prospects for SeVera
months ahead are indicated by in
creaSing earnings from aircraft
work, the plumbing ware division
and the newly opened die casting
division at Cleveland At the mo-
ment it is difficult 10 see how such
products alone could fully offset
reduction in automotive income
but important savings in overhead
expense also can be achieved by
of body manufacture
ing operations.
FurtheB there is a good chance
that new work may I've obtained
that would fit readily into Briggs
plants without extensive retooling
BY the final half of 1912 the COM
pany's aircraft work also will be
realty increased. contributing
further TO profits available 10 Off
set lower automotiVe earnings.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Motor Products
Holds in Black.

Automotive business Of Motor
Products Corporation has held up
well thus far in the 1912 model
year and net profit for the six
ending December 81 Will
be fairly substantial, contrasting
sharply with the 1921 SOB loss re-
ported for that period last year.
In the quarter ended September
30, last, the first in the current
fiscal year, net profit was S200,696
or 81 cents a share. October and
November earnings likewise were
satisfactory. and although the De-
cember earnings outlook remains
uncertain, the current quarter
should be good. Uncertainty re-
garding December earnings arises
from lack of knowledge as 10
length OF. time automobile plants
will be down for change-over TO
eliminate bright trim on cars.
Lower output due TO greater cur
tailment also will be a factor.
The month. however, should at
least be in the black. "
After the first of The year the
earnings trend is expected to be
downward for a few months in
line with increasing restrictions
on manufacture of passenger cars.
Eventually. probably early next
Summer, the company will realize
earnings from manufacture of rear
gun turrets for the Consolidated
B-24 bombers 10 be manufactured
by Ford Motor Company that will
partly offset lower automotive
profits.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07

hit a new high in a future advance
in petroleum shares.
Uncertainty over how the car
rierS would fare in a drive for
higher rates was a factor in slug
gishness of the rails. Atchison was
off nearly a point s.-
Crucble gained almost a point
in a mixed market for steel
shares. Motors were somewhat
better, and coppers firm. Avia-
tionS, rubbers and utility shares
were mixed. Reynolds Tobacco y
gained almost a point.
Domestic bonds moved narrowly
and in the government list tax
eXempts were firm in over-counter
trading while the taxable, with
the exception of the new issues,
were easier.
Although some issues Jagged,
the curb market generally was
firm but price changes generally
were limited to fractional proper
tlOnS
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Moral in This One

There's a moral n this one:
An office manager who nor
msIly did a pretty swell loh and
vas considered very competent
apparently was having domestic
trouble and of late had been COM
INK to work grouchy and irritable
One day last week after about
an hour Of phone calls and press
ing business he sialked back
through the office He opened a
door leading 10 the back stairway
and discovered a lunch box lying
% the top stair
s.."who left this here?" he
poared.
.When the entire staff stood 81
lent and covering. he reared back
and kicked the box down the
stairs j. was a great boot good
for a point after touchdown IN
ary stadium.
Two hours later he fuuhled
syound MS desk and then roared
again
..r"Who took my lunch""
.sFnally = timid voice from tho
rink offered
: That was your lunch YOU
Kicked down stairs. sir"
nc had set n there a. he on
tered IN order 10 remove his over
coat. ard had forgotten IL in the
early rush OF business.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Name Business Men

Noticed the other day that in
taking over the Bellevue Bank, as
a branch, the Central National
Bank of Battle Creek is naming
an advisory committee of Bellevue
business men.
This is variation OF an idea
advanced to me some time ago by
a proponent of branch banking
who suggested that each branch
should have an advisory board of
directors made up Of business
men from the surrounding com
munity.
He felt that this was practi-
cable even in the case of city
bank with branches and felt that
IL would eliminate most of the
objection TO branch banking be-
cause Of the systems so-called
lack OF contact with local prob
lens.
Sounds good TO me, what do you
think of II?
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Admits Handicaps

Economic planning. 1t is true,
has been taking some Of the bloom
off common stocks as initiation
hedges.
The present trend toward high
tax and wage costs is leaving a
smaller than normal portion of
gross receipts available for diStri-
button to stockholders as divi-
dendS.
This adverse curve has been
further accumulated by the naive
notion at Washington that it Is
practicable TO put a ceiling on
prices of things without also limit
ing the component elements Of
cost, including wages and taxes,
on a voluntary basis, Price Adj
Henderson, earlier in
the year, following an increase in
steel wages, put ceiling on steel
prices 10 prevent the industry
from rejecting in its price sched-
ule the higher costs. And this
same principle recently animated
the House of Representatives in
passing a bill authorizing ceilings
on selected prices without au-
thority TO put a ceiling on wages.
Such manifestations Of the new
economic planning at Washington
have prevented corporations from
rejecting boom conditions in net
income after taxes. The market
has reflected such trends. and the
time has come 10 question whether
The market has not discounted
everything except possible ina
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Sees Cotton Textile
OUTPUT at New Hiqh

NEW YORK, Dec. 6.-Cotton
textiles production, already at a
record high, may exceed 11,500-
100000 square yards for the full
year of 1871, according to w. Ray
Bell. president of the Association
of Cotton Textile Merchants Of
New York. This estimated produc-
ton for the year If reached,
would mean an increase of 20 per
cent over last years record pro-
duction and u per cent above
1889, the last full pre-defense year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Gennmer Nets
S3.45 a Share

CONNER Manufacturing Com
pany reports for the. fiscal year
ended September 80 a net profit
of-S4l4.235 after depreciation pro-
vision of $4,000 for federal in
come and excess profits taxes, etc,
equal after Class A dividends 10
S3.45 a share on 96,431 shares of
Class "B" stock.
This compares with S342, 924 or
S266 a share on the Glass "B"
stock in the like 1910 period. Divi-
dend received from wholly owned
subsidiary amounted 10 SIS, 900
against $50 900 a year ago;
Sales showed an increase of 35
per cent, with the company now
filling an important position in the
defense program, stockholders are
advised.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
A Fog Depicted

Hows this for a fog? p. J..
Currier (of Detroit, who was
denied government contract TO.
build 300 defense houses though
his bid was much the lowest-and-
whose home later was bombed.
records that. on going 10 Wash
ington he discovered that, outside
of OPM. nobody had been let into
the secret pledge which Sidney
Hillman had made 10 the Ameri-
can Federation Of Labor 10 award
all such contracts 10 ALL unions.
He states:
~ went 10 the FWA, the
OPM, congressman and sena-
tors, and others. and no one
except the OPM had ever heard
Of the mysterious deal Even
the local FWA administrator
was unaware Of this agreement
Weird are Washington ways.
Copyright. 1871. by y. C Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
On the
Business
Front
By WARD SCHULTZ
n.t-c,, Time. Ftnanelsi Editor

A few days ago. Mariner :
Frcles. chairman Of the Federal
Reserve Board. addressed the Ma
tienaI Inaus,rial..- L on re M c
Board. His subject was "NeceS'
sarv Steps u Meet the Challenge
of The New Day.
Whether YOU agree with Nr
EccleS theories on banking ana
finance or not. YOU can al afford
70 overlook them because he Is one
Of the men who Is going 10 have a
lot 10 say about your economic fu-
ture.
In the first place. the Old
scarcity philosophy has apparently
given way 10 new theory of pro
duce. produce. produce, II Mr..
Eccles Is 10 be accepted as an adj
n1inistration spokesman.
He SAYS that production Is the
KEYNOTE OF economies IN peacetlme
as well as in war
Lamentine that production to-
day must necessarily he largely
diverted 10 sramments. he looks
ahead 10 that day when we must
revert to peacetime production
and declares that government
planning must play greater
rather than lesser part,
private bankers are allowed TO
see the handwriting on the wall
and Mr.. Eccles says that not the
least significant change IN recent
Years is the subordinated role Of
finance today Central banks are
called the servants" of govern
ment
Where the color of independence
remains, he says. IL is largely a
fiction.
Higher taxes and some form of
compulsory ngS--are- held-lns
evitable and Eccles points out that
from a morale standpoint. long
purses must he tapped first and
heaviest. Middle and lower-mlddle
classes are not TO be spared, either.
He asserts that price control is
congressional must and that some
curb must be applied 10 repeated
wage and salary demands.
Recognizing the danger of a run
away initiation. Eccles says that
government alone is able TO make
a well formulated and co-ordinated
attack upon the problem.
Increasing assumption by gov
eminent of responsibility for eco
nomic welfare must necessarily
carry the obligation TO act wisely,
fairly, in the interest of the ma
tfon as whole, and not in the in
terest of any group, class or sec
ton, Eccles concludes.
That sounds fair enough but in
the next breath he says that, as
banker. he realizes that this in
wolves government command over
creation, cost and flow of money
in the economy On that point he'll
probably get an argument.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Likes Common Shares

If in an abnormal period Sc
lected common stocks are advan-
tageous, il seems to me that a
market decline makes them more
desirable rather than less So And
yet it is human nature to want TO
buy under the stimulus of the
spectacle Of rising prices.
Theoretically -feai--thif4gs -steh
as precious stones, real estate and
industrial tools, as evidenced by
common stock. are more attrac-
tive in inhationary times than
claims expressed in terms of the
unit.
But this time the over-sophisti-
Gated are questioning whether
there is really any such thing as
an initiation hedge. To assume
that no procedure is superior than
others is TO take the position that
management has become of no
avail in the financial field. Ger
tainly prudent management Will
yield some returns even under the
worst conceivable conditions, for
the prudent will gain time if Moth
ing more
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Modern CoIIet Earns
S75,335 in 8 Months

Modern Collet and Machine
Company for the eight months
ended Aug. 81, 1911, reports net
profit Of S75,335 after provision
of S109,753 for federal income
taxes. The net is equivalent to APP
proXimately IS cents per share
on the present outstanding stock.
as compared with SO cents a
share in the like 1910 period.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07

know two sales representa-
tives who between them, repre-
sented number of good firms and
who shared offices and the serV-
ices of a private secretary.
Along came the defense pro-
gram and knocked some OF their
business for a loop. but both man
aged 10 get back a substantial
portion by working harder as
their customers got into defense
work
Although they won't do the vol
ume or achieve their pre-war
earnings. the red tape involved
IN defense work and prioriticS is
so great that the secretary, who
formerly found il easy 70 take
care of their needs. IS Swamped
and they had 70 hire more help.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07

changing world" which is the
title Of a book which / wrote more
than a year ago. Since then.
events have moved so rapidly that
realities have overtaken forecasts
and prognostications. CuriouSly
enough, when there is an eco
nomic discussion of impending
changes before the event, the
public is likely to regard it as
academic. The public gets in
terestcd when it is confronted
with immediate realities, but then
it may be too late TO capitalize
on foresight.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Join IBM's 1907 Sales Club

William A. Schmaltz, Herbert
h. Seymour and Laurence j. Zorn,
sales representatives, in the local
office of international Business
Machines Corporation. have quail
fed for membership in the com
-pany-S 1911 Hundred Per cent
Club of sales leaders and cHccu-
tiveS. il was announced Saturday.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-07
Sharp Decline
In Soybedns
Features Trade
Grains Follow With
losses Running 70
Tsc in Wheat LIST
International New, service Wire

CHICAGO. Dec Ga drastic
decline in soybeanS featured trad
ing on the Board of Trade today.
On bearSh weather reports. soy
beans broke as much as fisc be-
fore meeting with support. De-
cember dropped 10 Sl64's before
rallylng fractlonally.
Wheat closed &c 20 sc lower,
corn sc to &C off, oats, sc TO
sc down. rye re TO sc off and
soybeans 23ac 10 sac lower.