davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Wolverine Tube
IS Per Cent on
Defense Work

Complete priorities on copper
will have comparatively little ef-
feet on the production and earn
ings Of Wolverine Tube Company.
because that firm is already allo-
eating upwards Of IS per cent of
its production 10 defense work,
according 10 Charles c. Limbocker.
president. The proportion is still
increasing. he said.
This does not mean. however.
that the company's customers not
on defense work will suffer un-
duly, he explained. Supplies of
copper will be allocated under the
new ruling for defense purposes
and essential industries. it is ex-
pected. but trade sources in the
industry estimate that only SIS per
cent of the available supply will he
needed in these categories and
nondefense industries will share
the remaining IS per cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Metal Markets

NEW YORK. Aug 16--Copper producers
are about 10 receive questionnAires from
me OPh In which they will state their
anticipated supply position for the next
three months ahead. This procedure was
followed In July and gives the federal Of
flee basic plan on which 10 work al
though ALLEGATIONS, Of course are made
only for one month A. n time
spot news meanwhile was lacking in the
metal markets Various opinions were
heard as TO how much copper ultimately
would he available for nondefense users
this month, but the concensus remains that
defense contractors are not going 10 have
much trouble Later when brass require
ments are even larger than ~ present the
situation NAV grow still tighter, but pro
ducers seem inclined 20 let the future lake
care ~ itself. They are contracting for
November copper deliveries, basing their
ALLEGATIONS on estimates Of what the OPM
Is going 20 allow when the time comes
Price OF copper remains n, ~ cents n
pound domesticslly. Export metal Is quoted
~ IL cents, a. New York
Lead II unchanged in price A. SIS cents
IN $50 cents, New York. and $40 cents,
81 Louis
Price Of zinc continues At T25 cents a
pound for prime western, East ST. Louis.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
The Great Hunter

Griswold Streets !. L. s.
Scrymgeour is man OF many at
tainments. A former member Of
Scotland's famous Black Watch
regiment, he had an enviahle war
record. OF late his golfing prowess
has been thing 10 conjure with.
he not only having won the En-
pire Day medal at Crosse lie but
bested Ecorse's Mayor Hawkins As
well.
Now his banker friends are
agog over his latest exploit.
~crymgeour took a cottage near
Amherstberg and recently hired
an Indian maid Noting some fish
ing tackle behind the door, she
asked If he fished and was told
that 10 date he had garnered one
very ugly catfish.
A day or two later. the Scrym-
peour household being pestered
with mice, he invested IN a multi
holed trap and caught two the
FIRST night
Commented The Indian maid
soberly:
I'll you keep this up Ill have
YOU made q brave In my tribe
and well name you Great
Hunter"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
World Set Back

With the widespread destruc-
ton of capital incidental to the
war, the world will be set back
in its struggle for improved ma
terial well-being. The near-term
outlook, therefore. unhappily is
for more rather than less COM
petition for substandard nations.
Accordingly, when the Ameri-
can people become fully aware
of these economic realities and
prospects. there is likely TO be
an insistent popular demand. at
least for the short pull. after the
war for more protection rather
than less. If the war Is over
in 1914, the election may well
turn on The tariff and related
economic issues and there may
again be a nostalgia for pre-
New Deal normally. In order
10 safeguard practical reforms
achieved in recent years, il will
he important to create a sophis-
ticated public discrimination be-
tween the economically sound
and the economically unsound
legislative changes of the last
eight years. Otherwise. there
will be the hazard of blind and
unreaSoning reaction.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Much Better Clue

a much better clue to a work.
able postwar economic formula
was suggested by the phrasing
Of point 5 in the Roosevelt
Churchill statement of war aims.
This point related 10 the deSira-
bility of fullest collaboration"
TO secure for all Improved labor
standards, economic advance
ment and social security"
When, as and il workers in
other nations are lifted to Amer
lean standards of wages and
hours, social security, and work.
ing conditions. it will become
practical TO discuss the removal
of artificial trade barriers.
Such thinking will take the
stigma away from legitimate
tariffs. American policy would
be rephrased TO involve free
trade with any and all nations
embracing comparable living
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Detroit Produce

APPLIES Truck receipts. Michigan
enshel baskets. Wealthys, AZ" minimum,
CANTALoUPEs - Salmon Nests. Cali.
fornis Los Bsnos District. Jumbo crates
27s 81 rs. Jumbo crates. ass So: Mich
tgan truck receipts. Hearts NJ Gold. exc
70 i2'xi2" crates 12s 10 1ss. pOc n 81 50.
CELERY-Michigan punches OF dozen
stalks, 35c
HoNEYDEws-Arizon. Jumbo crate. Is
and std. crates es and i2s, 81 5oai75.
LETTUcE--California L. A. crates. Ice.
berg type Salinas District dozen, N75a
5; poorer. 5000 so: Z dozen, 81 so n
4.65; poorer S3.750425
ONIONS-50 IL. sacks Washington Sweet
Spanish, g., and larger pest. mostly $50
and larger ST. 75Ss n and and larger GER few
Si.25 Idaho Whites, U. s. No. / $50
PEACHES Busnei baskets. U. s. No. I,
South Carolina Elbertas, o. minimum.
S1.s5n2; best. mostly sl.e5n2: "a"
0215; North Carolina Elbertas, 2" min
imum, Sl.s2; showing ripe, 81 so; pa -
minimum, 81: Michigan truck receipts.
hushel baskets and boxes, Hsles Ravens
some low as 81. 25 -" minimum. siio;
South Havens T. 8. No. l. 2" minimum.
S1.256135; 10" minimum, 81 10; In
diana Elbertas 2" minimum, sl.7S
PEARS-California Tugs. Bartletts. 81 10.
PLuMs = California 4.basket crates.
Presidents, SI9Od225. Michigan truck
receipts, Il -bushel baskets, Burbanks, so
Il 75c
POTATOES - 1Oo.lb. sacks. California
washed Long Whites u. s No. !. 81 $50
2 So Idaho and Oregon washed Long
Whites, u s No. 1. S235G2 So: Tri-
umphs. y. s. No /. 81 90 pale color low
as $3.50; Nebraska Cobhers. y. 8. No. !
washed mostly 81 IS few 81 s0; unwashed
81 40d so; Michigan Cobblers, ", s. No.
I unwashed. mostly 81 35. few 81 30. Neu
Jersey Chippewas Y. S. No. ! unwashed,
.Si.65
SWEET POTATOES - Louisiana bushel
crates, Porto Ricans; Y. s. No. /, S2.i5
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Hint Liquidation
|Of Gas Co.
Parent Firm

limiting that complete liquida-
ton of the American Light and
Traction Company, parent corpo-
ration of the Michigan Console
dated Gas Company. and distribu-
ton OF its assets 10 stockholders
might be the only feasible method
of complying with the Utility
Holding Company Act, William G.
Voolfolk. president, nevertheless
praised the SEC for tits co-opera-
tive attitude" in applying the
death sentence"
The original order was applied
TO the United Light and Power
Company system. which owns ap-
proximately 50 per cent of Ameri-
can Light and Traction stock. The
order requires the disposition Of
the subsidiary LaPorte Gas and
Electric System and elimination
from the United System OF all
subsidiaries and investments OF
American Light and Traction. In
addition il provides for limits Of
Operations Of remaining holding
companies in the United System.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Reynolds Earns
S2.38 on Com.

Reynolds Spring Company re-
ports net profit for the nine
months ended Junc go, subject to
audit and year-end adjustments, of
SS20,9lS after depreciation, inter
est, idle property expense and
provision for normal federal in
come tax on basis OF rates in
the Second Revenue Act of 1910,
equal 10 1888 a share on 100000
shares of common stock.
This compares with net profit
OF SS72 ,906 or S301 share in the
like period last year.
Profit before provision for nor
NAL tax was Sl144 ,627, against
Sl057 ,Sl5 a year ago.
Idle plant property in Detroit
carried at S99275 was sold in
July. according 10 Charles G,
Mum, president. leaving the COM
pany with no idle property and no
obligations other than current LA
bilities.
The company has declared a
dividend Of p cents. payable Sep
TENDER 18. 10 stockholders Of
record August 30. This Is the first
payment since Sept. %, 1881
when a like amount was paid.
After payment Of the dividend
the company's working capital Will
exceed 5000 600
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Boosting Detroit

Back on the local front. in
comes a little booklet containing
facts certified 10 by Mayor Ed
ward j. Jeffries and the Boost
Detroit Committee.
Highlights;
Detroit and Wayne County in
dustries spend more for raw ma
terials such as steel. cotton. iron
and rubber than those of any
other county in America.
The Detroit River carries more
freight tonnage than the Panama
and Suez Canals combined. Ed
tors note: We think they mean
Pre-war Suez, too
For the first time in history,
Detroit's bank deposits top a bill
lion dollars.
Total value Of building con-
struction here last year was more
than twice that of Chicago, more
than Chicago and Philadelphia
combined, and more than Cleve-
land. Boston. Pittsburgh and Mil
waukee combined,
Mr.. Mayor, I'm completely sold
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17

There were few movements of
note. Dow slipped more than a
point in a generally soft chemical
group. Aviation and building
shares also lost ground.
General Motors was up about a
half-point, but the rest of the
group moved narrowly. Some of
the steels, including United States
Steel and Youngstown Sheet and
Tube, moved up fractions.
Many pivotals held at last
nights closing throughout the
two-hour session. These included
Kennecott. American Telephone,
Sears Roebuck. Consolidated Edi-
son, Standard Oil of New Jersey,
Woolworth and New York Central.
There was little trading in the
bond market and United States
Governments were mostly UNI
changed TO lower. Corporate liens
were slightly easier. The curb
market was colorless with trading
at an extremely slow pace.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Ohio Finance Votes
Dividends on Shares

COLUMBUS. Aug. Is. - The
board of directors of the Ohio
Finance Company has declared
cash dividends on its three classes
of capital stock as follows: SIPS
per share on the per cent prior
preference stock, S150 per share
on the 6 per cent preferred stock
and 40c per share on the common
stock, distribution TO be made on
October 1 TO shareholders of rec
ord Sept. 10. 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Tip From The Navy

With the stock market what II
" OF late. this could be classed AS
a helpful hints 10 brokers-or how
10 take the shine out OF a blue
serge suit.
The latest 194l uniform regula-
tions Of the United States Navy
advise placing 4 wet cloth over the
shiny area, press with a hot iron
and then gently rub the spot with
"O0" esndpaper This viii elimi-
nate al trace Of shine
Re sure the paper is no coarser
than 20" and don't use TOO much
elbow grease or YOU eliminate the
seats Of the pants as we'll
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Free Trade Plans
Held Political Hokum
Worldwide Economic Equality
Destructive to American Way of Life


Mushy political talk about
economic equality for all peo-
piles after the war, is subject to
dangerous misinterpretation.
At present, there is striking
international inequality, with
the significant circumstance that
American standards of living are
the highest in the world.
With less than 7 per cent OF
the worlds population and land
area, il has been computed that
Americans enjoy at least a third
OF the worlds wealth and in
come.
Accordingly. any unimagina-
tive leveling down will work dis
astrously for the material we'll
being of American families.
On the other hand. any en-
enlargement and technical aid
which we can give to foreign
countries 10 enable them to use
modern technology, mechanical
power, superior tools and tech
niques for mass consumption
along the lines of the American
pattern will constitute a con-
tribution TO the peace and hap
pinesS Of the world.
In view of the striking exist
ing diSparities in economic prog
ress and in wage and social
standards. it is unrealistic to
discuss free trade. Such inter-
nationalism would he destruc-
tive in character. and would
tend to drag us down toward
coolie levels. In the circum-
stances, generalized tariff slash
ing. whether disguised as recip-
rocal trade agreements or other
wise, is out of tune with the
needs of the American internal
1cAAA,1,,,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Packers Grant
Wage Increases

CHICAGO. Aug. 16.-Swift e.
Co. has announced an increase of
5 cents an hour for all hourly paid
employees in its Chicago meat
packing plant, effective August II.
The question Of increase at other
Swift plants is being handled
locally.
Cudahy Packing Company also
has granted an increase of ) cents
per hour 10 all male help. 5 cents
per hour to all skilled female help
and s cents per hour 10 unskilled
female help at all its plants, retro
active TO August II.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Banks
Brokers
Business
BY WARD SCHULTZ
Financial Editor

The voice on the phone was
mildly indignant.
II Fave little plant here In
Detroit and have occasion 20
use some tin plate. The govern
ment has clamped down on all
OF us so that this vital material
can be shipped 10 England. All
I want YOU 10 do IL 10 get the
latest issue az Iron Age and
read that article on page ga"
We could hear him still grum-
bling as he hung up the phone
so We Immediately procured a
COPY Of Iron Age and turned 70
q2-A. 10 find a story captioned
Charges Britain Sells Lease-Lend
Tin Plate in s. A"
The charges were levelled by
Michigsn's Republi can Repre-
sentative Fred Bradley and the
congressman further said that he
knew Of specific case where
England is selling lease-lend tin
plate 10 an Argentine firm cheaper
than American firms can deliver
Il
Bradley went on to explain that
this IN effect had Americans I'M
derwriting the cost Of undermin-
ing American business in South
American markets.
President Roosevelt. upon being
eppriSed of the situation several
weeks ago. expressed doubts that
tie British would want 10 make
q profit on lend-lease goods.
The thought strikes us that
maybe il was sold without profit
10 insure. postwar markets.
The fact remains that the Brit
fish tin plate controller last month
did give permission for export of
additional tin plate from stocks
without mentioning any specific
limitation. A previous order had
placed so per cent limitation.
The writer thinks this Detroit
manufacturer is entitled 10 an Of
fetal explanation and furthermore
wonders why, with an acute short
age of ocean tonnage. tin plate
should be shipped 10 England only
70 be rerouted back 10 South
America.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Shoe Output
AT Record Highs

NEW YORK. Aug. 16.-Shoe
production in July is estimated at
as. 100000 pairs by the Tanners
Council of America. This would
be the largest output for any July
on record and close 10 the peak
for any month.
ports on manufacturers
schedules for August indicate con-
tinued high output, the council
says 1t is expected that produc-
tion in August will be larger than
in July. Production for the first
seven months OF 1871 is estimated
at 2S6, $4,000 pairs. against 230.-
271 900 in the same period of 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Office Machine
Soaring

NEW YORK, Aug. 16.-Office
machine production in 1871 is GER
tain TO reach new peak, mirror
ing direct defense demand as well
as orders stimulated by defense
production and expansion by the
industry in general. Profits are
generally expected to exceed those
of a year ago and may, in fact, be
the best for several years.
The outlook for the remaining
portion of 1871 is beclouded, by the
fact that the industry as yet has
received no priority rating and by
the effect Of increased taxes. Re-
cent interim reports have indi-
Gated that increased volume is
permitting net to advance despite
larger tax provisions.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
To The End--And

A much more admirable phase
of the British business as usual
program is portrayed on a post
card which read as follows:
Il. j. BALL, LTD.
Dashed if they haven't got us
again, Burnt out Of 81. Queen
Victoria street. busted windows at
81 and now blasted out of Bal
moral Buildings with everything
gone but our bodies and souls!
With these and couple of
typewriters. in we go at
Is, New Bridge street,
London II. c. 4,
with firm determination 10 stick
10 the old city to the end-and
Victory!
TELEPHONE NUMBER WILL BE AD-
yIsED WHEN WE GET ONE!
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
More Than Doubled

The company. which manufac-
lures seamless copper, brass and
aluminium tubing, is turning out
orders for the army, navy and the
aircraft industry and its total vol
ume is now running approximately
two and one-half times that of a
year ago. Although no new addi-
tons have been made 10 the
plants, new machinery has been
installed in order TO achieve the
increased production, with the cost
underwritten by the government.
Among the items turned out
are cupro-nickel condenser tubes
for warships with as much as
10000 pounds going into single
large cruiser. Tubing for aircraft
use is largely aluminium although
some copper is used.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Van Grant & Co.
Takes LARGER Quarters

Van Grant & Co, we'll known
and distributors OF
securities. Monday will occupy
their new and larger offices al
No. l PenobScot Building. Organ
iZed in 1887 Van Grant has under
securities OF Shakespeare
Company, Tyler Fixture, Hayes
Industries Wilcox Gay, Snyder
Tool and Engineering, Leece-Mel-
Vile and Central Speciality.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
.DuMdhdut Ad Agency
Formation Announced

Formation Of the L. j. DuMa-
'haut Advertising Agency with
offices at S27 David Scott Build
ing. has been announced by Jerry
DuMahaut. A former member of
the Detroit Times advertising
staff. DuMahaut has been com
mercial manager of radio station
CKLW for the last eight years.
r. II. Powell will head the agen-
cy's radio department.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Stocks Uneven
AS Sales Barely
Exceed 100000
International New. Service Wire

NEW YORK. Aug. 16.-The
stock market today turned in one
of its dullest sessions of the year.
Minor gains and losses were
evenly divided and the combined
price averages were barely changed
at the final bell. Volume ran
around the 1941 low of 107, 100
shares, reached on May 81.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Livestock Markets

CHICAGO. Aug 16.--GNs) HOGS
Receipts 1900. steady followers / 900
top. Sl1.70. bulk. Siinll.60. heavies
SiO65n 10; mediums, xll n i1.10; lights
SO IS "a i.s5; light lights. $40. sou !. 25
1925.
CATTLE Receipts, 100 steady: calves
receipts. 100 steady beef steers. choice
Sl1 so q II IS, medium, $40 ii.50; year
lings. Ssdi3. Butcher cattle, heifers IS
1870: cows S725ge; bulls, 81. sou 10
calves, S7n so. feeders, Ssd II; stockers
steers, Sed12.5O: cows and heifers, 81 81
a II.
SHEEP Receipts. $500; steady; lambs
i125ml1 SIS. common. 50 S0n II rs
feeders, s10di1: yearlings, $500 $50
ewes, S3.50q5.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Trend of Sales

NEW YORK, Aug. 16.-(lNs)-Total
sales today:
Stock Exchange stocks, 40, 900 shares;
bonds 81. $50, 900.
Curb Exchange stocks. 20 900 shares ;
bonds $500. 900.
Big Board sales throughout the day;
10. 90 10 IL no 80. 900 shares
1 / 90 ~ close W. 900 shares
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Handled Reasonably

Voolfolk said that officers OF
American Light and Traction were
greatly disturbed over the pro-
spective speedy liquidation due TO
worldwide conditions" but that
the commission took these factors
into account and merely ordered
that il be handled in a reasonable
and practical manner.
Pointing out the high cost OF
any lengthy litigation. Voolfolk
said that the company did not
intend TO appeal the order. How
ever. he pointed out that any
stakeholder still had the right T..
appeal as an individual.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
OFF AGAIN

Physical volume of business
in the week ended August 9
declined TO 1898 from 104.7
in the preceding week, accord
ing to Barron's index. This
represents a decline of $40
points from the recent re-
covery high made in the last
week in July. A year ago
this index was S2.S.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Practical AnsWer

Voolfolk told shareholders that
Michigan Consolidated was the
largest single unit OF American
Light and Traction and that even
if the firm disposed Of all its other
units. the commission might in the
future find that the traction firm
no longer performs any practical
service.
Therefore" Voolfolk con-
cluded. Liquidation OF American
Light and Traction may be the
practical answer TO the prob
lem"
American Light and Traction
owns all Of the outstanding COM
mon stock in the Michigan Con-
solidated Gas Company. Voolfolk
IS president Of the United System
in addition 10 heading American
Light and the Detroit utility.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Detroit Poultry

Market steady. No quotations available
TODAY
EGGS- Market arm Current receipts
p &c. undergradeS, 231 n PC
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
Montreal Silver
NEW YORK, Aug ls,-Prices in cent

MONTREAL. Aug is--Msrks, closed
steady and unchanged, with Augus 3775
bid. No transactions.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
PJTTsBURGH

PITTSBURGH. Aug. Ia. --GNs)-cAT-
TIE Receipts. rs. market steady; steers.
choice, Si1 50Hl so; medium 10 good,
$40. so II; common, 81. 5on 10 so. heifers.
NIB cows, medium to good. So 751775:
Gamers and cutters, IS 6.25; bulls,
good 10 choice, seae60. common 10 me
dunn. Sc so as50.
HoGs-Receipts, $50; market active and
loc higher; iso.iso lbs. sll.5oail;s5
Si1 5Odi1. 90; 25o-29O lbs, Siid1i 50.
l0o-l50 lbs, Si025qli.25; roughs, 50 %
ae.75.
sHEEP-Market steady: choice lambs.
81 1150: medium 70 good. 50 500 10 so
common lambs. ssas; ewes, S3a4i
CALVES Receipts. 2s: market steady:
good To choice. S12 5O1 ~ So medium.
SO. so q ii.50. culls and common. 81. N q S.
FAST BUFFALO
EAST BUFFALO. y. Y. Aug rs -
.GNSD HOGS None. Market quoted steady
Good 20 choice, 100 220 lbs Si2 Com
pared week ago most weights Csc lower.
CATTLE Receipts. 200: dry feds scarce
steady during week. Grassers including
yearlings, si2.75 good "a near choice
steers and heigers. $li.7 1918; pasture
feds. SLIPS; fleshy grassers, S10n 1913;
common 20 medium steers and heifers,
car weights: beef cows, Ssds.50: cutter
and common. S6.25 a $50; Gamer. S5m6:
weighty sausage bulls. ss.35ns75
CALvES-None. vealers, 81 higher dur
Ing week. Good 10 choice, x14d14.50 com
mon and medium, 50. so n 10.
SHEEP Receipts. $50. Spring lambs
steady with week ago. mIdweek loss re-
gained. Good 10 choice. 70-s5 lbs, siln
l1.5O medium and mixed lots. 50 asa
1913; culs, downward to s. and below.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-17
New York Bank Stocks

NEW YORK Aut Is This Is bid
and ask market and ne actual sale ~
securities ia often subject 20 negotiations
d e.