davidaulloa/AmericanStories huggingface dataset:
The daily monitor. (Mount Clemens, Mich.) 1940-1942, 1941-03-11
Pin Points


AUUS8 AOvAUVk0
OKurx Tavern increased Is lead
In de tumble league at the
Dowl-O -Drome last night when
Il took the second place Madou
Bros. teem two games. Charles
Owen paced the scoring with 4
$50. Bruce Brown, rolling for
Miller'h was second high In the
league with , $50. Dpncan's Log
Cabin moved ahead with . slam
over Lakeside Fuel.
LA CROOK GAINS TIE
Ella Croix and 0roesbeck. NOV
Cd into q Tho with Prieh's Sales
In the Ladies' Monday Night
League at the Bowl .Drome
when Il swept it, match with
Kjbble's Toggery. Prieh6 lost
three 0n1nes TO- Dad's Place.
: Lillian yreedlund md bud
Bible IA the scoring "a the
PriehS match with = lp5 and ll0
respectively. Charlotte Rutter, Of
In Croi,E. took honors with q
ass. High mark Of the evening
was the 554 scored by Erma
Davis. Of Hi-Speed. She was
credited with l73-176-l95. NIL.
dred DeDecker, Of Right Price
Market, had . 472.
So
X. or G, LOSES.
Ok az G. slipped q bit In the
Holy Name league last night q
the Mount Clemens Recreation
when they gave up two games to
Len-Rox. Mcmahon Coal also
slipped in the thisd-place posi-
ton by giving up q similar num-
Der Of games to Miller's Awning.
II. Peterson, Of Len-Rox, was
high bowler In the league with
. 505. John Kruse, Of the K. OF
c., rolled Z $40.
CLASS Nj STAYS
UNCHANGED. ~ s
oStandings in the Macomb Rec
reation Class HI league re-
NAMED unchanged after last
nights play. Murphy Fuel and
Studebaker, Ia the one-two
spots both won two games In
their matches with Swan Phar-
macy and Rickard Heating.
Right Price Market scored two
games over Kibble's and Nesbitt
Orange scored . slam over Ban
now Drugs.
Miller. Of Kihble's Tosgery,
took scoring honors for the eve
ming with q 585. Sam Levine, of
Right Price Market. was second
with Z SOS.
The daily monitor. (Mount Clemens, Mich.) 1940-1942, 1941-03-11

AZ &oQnont intefvolA The
aurvga bogoo1laI Or ''northortI
liGhlD,~ = SDeu - far south = q
dsoss1p noglA latia,ds.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Industry. Booming

lnd1Sall,G safFd 55iniarFcisi re-
ports were almost universally
favorable
Automobile production for the
latest weeks was the highest
for a comparable period since
the 1887 boomlet. Railway
freight is running fully Is per
cent above a year ago, power
output II per cent. Despite adj
verse weather. a gain of FL per
cent was recorded in store sales.
1t may astound many to learn
that the number OF persons
today holding jobs. 50,150,000,
constitutes a record. Unemploy-
ment dropped 705,000 in April,
TO the lowest total since Oc-
tober. 1880 The May statistics
are certain to reveal further
progress and. since many new
defense plants are nearing COM
pletion, the tide of employment
cannot but rise much farther.
Both in and out of Washing
ton resentment against strikes
is rising to such a pitch that the
authorities seem certain to APP
ply effective curbs.
. Copyright 1871, by p. c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Cites U. S. Figures

The MAZDA cites figures OF
the United States Public Roads
Administration, compiled from
% states, that over So per cent
Of driving done in private AUTO
mobiles is for business purposes.
The percentage is even higher
for rural communities. 1t goes
on:
Two decades ago, only Is per
cent Of the wage earners owned
autos, motorcycles or bicycles.
Today ownership Of autos among
industrial workers runs high.
reaching 75 per cent in some
industries.
In the United States, 2.l30
cities with An aggregate popu-
latioR Ell. S44. ia haye=Bo
local mass transportation hut
depend on private cars, accord
ing to the ANA.
This Is only q small part Of
the evidence to show the ex-
tent OF present day dependence
on motor vehicles. In view of
this, the efforts being made tn
restrict production and use of
automobiles should be carefully
studied"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Beetish Factors

To be sure, one should not
forget the unfavorable factors
now present. nor abandon eau
ton in adding TO any position in
stocks that he may now have.
Among the bear points. may be
listed the following;
The latest rally displayed
signs OF slowing up as IL reached
the upper resistance level Of the
current trading range, thus
showing difficulty at that level
for the fourth time.
- Such leading groups as steels
and rails have shown little
participation.
The new capital market is
backward and inactive. Flota-
tions of corporate securities have
been small, and the amount Of
new capital represented low.
The bond market is far from
buoyant.
Some British liquidation con-
tinues.
The market has TO contend
with priorities in a war eco
nomy." Various civilian or nom
defense industries are unfavor-
ably affected, at least temper
arily. and a good many new lows
are being made from day 10 day.
The labor problem seems 10
have become more threatening
again.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Record Truck Order

What are believed 10 be the
largest orders for dump trucks
ever placed. both from a stand
point Of dollar volume and
total yardage capacity of trucks.
have just been awarded TO the
Mack-International Motor Truck
Corporation. according TO an
announcement from +. F. Stani-
ford, company president.
The two orders. placed by
Panama Constructors and Martin
Wunderlich Okes Construction
Company who have large eA-
cavating contracts for the long
planned Panama Canal Third
Locks Project, call for a total
OF 90 big superiority Mack dump
trucks and involve well over
S1000,0Q0.
The order from the Panama
constryl ays ~ fa,M,S5a .s<zos1 /,
40 'of thetc DGlng huge. SIX
wheel bumpers of 25-yard ca
pacity. the largest trucks IN
American production. The is
for Wundcrlich-Okes are also
siX-wheel models, with drive on
all six wheels.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
War Discounted

The opinion is freely ventured
that, even should we be drawn
into war, the adverse effect will
be brief, and that rather marked
betternent would follow, the
theory being that such an even
tuality has already been dis
counted.
Buoyancy on the stock ex-
change was famed by spectacu-
lar gains recorded on commodity
exchanges prodded by official
announcement by Washington
that wheat growers are assured
Sl.16 a bushel through lending
of SO cents plus benefit pay
ments" of Is cents a bushel.
Not only did wheat bound up
5 cents last week, but other
important commodities joined
the procession. Cotton climbed
to 1871 peak. as did pork,
coffee. eggs, silk, while strength
was exhibited by corn, rye,
lard, cocoa
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Use Discretion

The banks, like brokers. are
required by Federal Reserve
Board ruling TO exact a margin
of at least 40 per cent, but, I'M
like brokers. the banks are not
automatically required to call
for additional margin except at
their own discretion. Accord
ingly. if bankers think that Sc
lected stocks are now cheap,
they ought to invite only those
of their customers who are
credit-worthy to take on a line
of stocks. and agree to amortize
the debit balance in equal
monthly payments In return
for this agreement the banks
could assure them that there
would be no margin calls. 1t
would be safe for the banks to
make this arrangement provided
it limited ii to those whose
assets, earning power and char
acter were good in addition to
the collateral value of the line
of stocks acquired.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Good Barometer

The indisputable fact is that
the stock market always has
been and still is the best ba-
rometer of financial sentiment,
the best barometer of how men
Of affairs and other responsible
citizens react to trends and
events, the best barometer of
nationwide optimism or pessi-
miSm.
1t is encouraging to note,
therefore, that last week quo
tations moved almost uninter-
ruptedly, though mildly, up
wards. Many stocks ended the
week one. two, three or more
points higher. This showing was
made, less because of extensive
aggressive buying than because
OF the paucity of offerings.
Many jealous students of
stock market charts, as we'll as
other "technicians," are reach
ing the verdict that the down.
swing has run its course and
that the next impressive move
ment will be upwards, especially
as innumerable stocks are sell
ing at abnormally few times
their earnings, current and pros
pective.
In Wall Street parlance. "the
buying lately has looked better
than the selling" meaning that
purchasers are as rule of
larger caliber than the sellers.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Forbes
Stock Quotations
Show Growing
Trade Optimism
BY b. C. FORBES

A tug of war between power
full influences is under way.
On one side are rapidly-ex-
banding employment. mounting
industrial production. broaden
ing retail trade. potent improve
ment in purchasing power by
labor and by our agricultural
population. other stimulating
developments stemming from
high pressure govern n {
spending.
On the opposite side is the
revelation that Washington Of
flee holders aspire to accord the
President untrammeled dicta-
torial powers. including author
ity to seize any enterprise what
soever. not merely temporarily
but permanently. A proposal
which has shocked both industry
and many thoughtful citizens.
Then there is the alarming
eruption of strikes in plants
loaded with preparedness con-
tracts, sometimes in violation of
union agreements and against
the protest of top-notch labor
leaders; increasing rationing of
materials for non-defense bust
ness; also growing apprehension
that we are moving nearer and
nearer involvement in hostilities.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Detroit Trade
Above Normal

Detroit was one Of 70 trading
centerS recording a gain OF a per
cent or more in its business index
standing for May over April, &C
cord1ng 10 figures Just released
through the business survey de-
partment of Brooke. Smith,
French e. Dorrance, Inc. New
York and Detroit advertising firm.
Business in Detroit as of June l
stood at 20 per cent above normal,
representing a gain Of per cent
over the standing of May ! On
June !. 1910, the city's business
index stood at > per cent below
normal.
Business during May showed
the effects of increased employ
ment and bigger income to
wage earne 81 the report
states. land increased activity
was recorded in 1873 OF the ma
tion's Ia trading areas. or
the remaining areas, seven held
at the same level as the previ-
Gus month and only ii regis
tered slight Declines"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Advocates Pay Reductions
for E m ploye Savin gs


selling stock TO employees.
whereas there was an epidemic
OF the practice in the 20's. Yet
in relation. TO earnings and
assets, stocks are demonstrably
cheaper now than they then
were.
1t is more important to make
the effort now, because new
legislative reforms, new fears,
and new worries have frozen
the financial markets. and inter-
fered with the effort TO make
the system flourish. If in war
time we are TO defend the
American way. it is doubly de-
sirable 10 make it thoroughly
workable.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Detroit Produce

APPLES-Michigan 2h-inch minimum n
U. Z. No. ! bu, crates unless otherwise
stated: Northern spys, sifoq $50; Steele
Reds. S165.
AVoCADos - California fats I2s-1ss
81 5oT2; dark varietieAf 16s-20s 81 so o
i,so; large sizes Is-los, sI;l5gi4o, ~,
ssssstent1gsss 3 seftR .nrsAs ,yyyEssit %aTra
Valentines. frir anaifit. sosl son2, Tw
81 No5eNF Gzt oilnh BouhV9rns s2s15
8 pecle hamper s2.eog2 so: wax beans
few sales. fair quality, $3.50; Arkansas
Black Valentines. fair quality. S1,75G 1.s5
BLUEBERRJEs-North Carolina 16-pin'
crates cultivated, cellophane wrapped. pei
pint. 22a 2oe Alabama ,se-pint crates
CABBAGE-Los Angeles crates, round
type. Tennessee, S2a 2.2o; pony crates, go
lbs. 81. l.65. mostly $3.50; Ohio crates
approximately so-lbs.. round type. $50
MIA Imperial Valley jumbo crates 3os and
ass, S4d4.25: standard ass. 50. 25T so
pony 54s, S2.i5n2.25; Arizona jumbo 3ss
and ass, s4.25a4.35: standard ass, So SC
CARRoTS-Los Angeles crates s-doz.
punched, California. 81 25d2.75. few fine
quality SO Arizona, s2-ooa2'7o; Texas
cAUIIFLowER - Washington pony
crates i2s and larger s1.75, few, 81. so
cELE Y-Florida, i6-ineh crates,
trimmed tops, individually washed. dozen.
s7S sos do,sn ssscg. x so, .gs
Ks, s2.6Oa2.75; fair quality dozen,
s325; IS and Sc, So; los. $3.50; xs and
ks. 1872.
cUcUMBERs-Field grown, eushel bs,.
quality, $3.50; large sire. slIcers. 81 IS;
plains. 81: Alabama. fancy, 50, few 81 rs
CoRN-Texas. sacks. yellow. 6hd1
dozen. s2.25; white. Sc dozen, 81 IS; Flor
ida. sacks, yellow. 4h-6 dozen, 81 40 q 1.50
LETTUCE. A. crates, Iceberg. Cali
forniah Salinas, 5 dozen, fair TO generally
good quality. s6m $50: 8 dozen. fair quail
|ity s5.25; Idaho, 5 dozen, fair quality
se.25; WASHINGTON dozen. fair to gener
geenrslly good quality. IS. SOTO.
ONIONS-New stock: Texas, 5O-lb. sacks
u. s. No. 4. Yellow Bermudas, 81. $50 so
generally good quality. 1929 U. 8: No.
Crystal white Wax, s3.15a 3.25; ordinary u
PoTAToEs-old stock 1o0-Io. sack
Y. s. No. 1 unless otherwise stated, ldsh
Russet Burbanks, $3.50 AIS. few higher
Maine. 81. eoa7.es: fair condition. s2.35 q
2 40: 50-ib. sacks Katahdins, Sl.i5G lac
i5-lb. sacks various varieties, 35e; Michl
gan Russell Rurals, slnl.10; Kstshdins
sl;I3Gi2s; Upper Peninsula Gree, Green Noun Noun
Alabama washed Triumphs, 81 40n a6o
mostly 81. so; washed Long Whites. 2.5
U. S. Commercials. $40; Csliforni
sa'ssa27S. mostly s7,75: so per cent {
s. No. 1, s2.5 south Carolina unwsshe
Cobblers, S2.50Q2.75; Louisiana unwashe
Long Whites, t2.55a2.eo; fair quality
ToMAToEs-Repack i0-lb. cartons me
dunn size. tia LOS. small size. s0c: Obi
dollhouse. s-lb baskets mediums, 81 20 z
1 as. large sire. e0c, small sire 81 n los
Indiana dollhouse lob baskets mediur
size, 81. large sire. s1l0m lis, small siI
No. Is 65675c: rekack Tugs, S2.i5n2.2 rs
original Tugs Texas Y. s. No. 1. wrapped
ripe and turning SKIS. s7677s.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09

In war and in business, tim
inc is a major essential.
Back IN the political cam
paicn Of 1892. IL will be recalled
opponents heaped scorn on for
mer President Hoover for his
alleged remarks in 1923 that
America was a nation which
would have two chickens in
every pot and two cars in every
garage.
As matter of fact, such
symbols in my opinion are not
bad long term forecasts of the
ultimate promises Of American
life. bat the words ranked in
the breasts of many because
they were uttered on the eve of
a major depression. The timing
was less than perfect.
4 more propitious time TO
merchandise the American way
Is now when shares in American
can be picked up at
relatively low price-to-earnings
ratios at the market place.
Timing suggests that this is
the occasion for managing di-
rectorS Of corporations TO assure
long term good will by making
II possible for employees 10 ac-
uuire shares on the inStalment
plan. / personally favor the
former Standard Oil plan OF
employc ownership, which re-
duccd speculative risk for en-
ploSeS by having the company
contribute one-third of the
purchase plan as a bonus 10
ttfose- who wotfid hold on for at
least FIVE years.
There is apathy now toward
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Pay Reductions

Managing directors OF corpo-
ations should seek TO initiate
constructive influences by devel-
oping pay roll deduction plans
for employee savings. The dis
erection, OF course, should repose
in the workers, but they should
get an opportunity TO divide
their savings equally between
treasury d efense bonds and
selected common shares.
And speaking of timing, the
merchandising machinery of
Wall Street was going great
guns when stocks were dear, and
when buyers were therefore
destined to get burned. but it is
stalled nowadays when stock
prices reflect the troubles of the
universe.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Market Grows
Firmer;; Selling
Near Exhaustion
BY LEWIS HANEY

Professor II Eccnomios. y. Y. UniNersit
In the midst of uncertainty
and admitting unfavorable pos
sibilities, the stock market con-
tinues TO turn in a performance
which, on the whole. is encour-
aging. One Of the chief certain
ties seems 10 be the fact that
no considerable manipulation by
pools" or big individual OPP
orators now exists.
There are no speculative "op-
erations" for the rise. Under
such conditions, how is the mar
kets relatively steady perform
ance TO be interpreted? Is not
its last weeks strength 10
b. taken as representing under
lying bullish personalities?
There is hardly a new angle
in the foregoing observation and
questions; but the longer the OBJ
seryation can be made and the
questions be answered in the az
firmative, the more significant
the point becomes.
The chief market significance
OF last week was the added evil
dence il gave 10 the effect that
the market is in a sold-out posi-
ton and has become less and
less subject TO loss on account
OF liquidating pressure.
II seems unqueStionably true
10 say that stocks now show
more of a tendency 10 respond
10 good news than 10 bad news.
II is not impossible that the
worst of the news has now been
discounted.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
General Motors
May Sales Dip

Sales of General Motors cars
and trucks 10 consumers in May
totaled 265. $50 units, compared
with 272.S53 in April and $500
in May, 1910
Sales to dealers in the United
States last month amounted to
217,120 units. against 233,735 in
April and 171,024 in the CORE
spending month last year.
May sales TO dealers in the
United States and Canada, includ-
ing export shipments, totaled 1885,
679 units, compared with 255, 1897
in April and 1875, 548 units in May
last year.
Sales to consumers in the first
five months of 1941 totaled 1,147,-
305 units, against 76S,609 IN the
corresponding period of last year
In the first five months of this
year sales to dealers in the United
States totaled 1,104,239 units
compared with SCI, 1873 in the like
1910 period.
Sales to dealers in the United
States and Canada, including ex.
ports, amounted to 1,20l ,280 units
in the first five months of 1941
against 931,477 in the similar
period of 1910.
Sales in May this year in al
three classifications established g
record for that month. The previ.
GUS May record for world sales
was in 1929, when the total was
|220,277. May this year was also
the fourth highest in sales in any
month on record.
For the first five months this
year sales in all classifications sci
"a new high record. The previous
record for that period was in 1929
when the total was 971,114.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Auto.
NADIA Battles Hard
Against Restrictions
On Use of Cars

The National Automobile
Dealers Association is making
a hard fight on the proposals
for further cuts in production
Of automobiles, "gasless Sum
days." etc. 1t has gathered
statistics to show that efforts
along these lines will not only
disrupt the transportation sys-
tenn of the United States but
also endanger the success OF the
defense program.
As one high official recently
put it:
THE automobile il war
neCeSsifyv
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
viii Cut Time

Total capacity of these trucks
Is l,342 cubic yards. Working a
22.5 hour day and averaging six
trips per hour, they will have a
total daily capacity of close TO
1872 600 cubic yards.
EXcavating work for the new
set Of locks is considered the
largest project of its kind ever
attempted with trucks and power
shovels, involving haulage OF
over 100000 cubic yards OF
earth and rock First estimated
approximately as a three and-a-
half year job (actually 1900
calendar days) it is expected
that with these big trucks the
time will be materially shortened.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
783 Men in Service

Chevrolet is the first of the
major auto companies 10 compile
actual figures on the number of
men from its dealerships and
field sales organization serving
the country in It's armed forces.
To date. William f.. Hollcr. gen
eral sales manager. stated there
were 1888, with returns still in
complete.
The majority, Holler reported.
are in the army camps and air
service fields. Nearly quarter
OF all the-nien= called were in
reserve Units.
I'm order that the men
may have some news Of their
former associates, every man
I'm the forces receives regularly
the Chevrolet picture magazine
Friends. the Chevr0ller, and
other organization publications,
will also go to the men 10 help
keep them In contact with the
civilian life they left tn don
their cOuntry's uniform" Mr..
Heller added
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
Stocks Continue
To Show Gains

NEW YORK, June 9.-The
Stock Exchange continued firm
today as light buying was carried
over from Saturdays rally.
Early dealings brought gains
running to more than a point in
some of the blue chips. but best
levels were shaded by a trickle of
profit-taking through the second
hour.
Chemicals were prominent at
the start. Allied, Du Pont and
Monsanto each advanced a point
or more before their rise was
checked. Union Carbide moved
fractionally higher to new high
for the year.
Eastman Kodak. Continental
Can and Crucible Steel also
showed extreme gains Of about a
point. International Paper pre-
ferred reached a new 1871 top,
while the common climbed a half
point in active dealings.
Fractional improvement was
the rule in steels, motors, coppers,
rail equipments and electrical
equipments. Oils, rails and utili-
ties displayed a mixed trend.
United States Gysum was indie
pendently soft, dropping more
than point at one time.
CHICAGO. June Gins
Wheat futures continued in de-
mand at the opening today and
climbed 1c to lac to new seasonal
peaks and longer. Corn started
.Ac UP to &C off and oats &c
higher.
Wheat July. S102Ts q lob;
$1.037s a LOS; Decem-
Der, $1.06G106l2
Corn-July, 74hc: September,
76isc; December, 772sc.
Oats New. July, 36% n 36l2c;
September. BIC.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
.id-Week Rise

After hesitating Wednesday
the averages closed firm. and
pushed ahead a little on Thurs
day
Signs Of improved leadership
among stocks are not lacking.
Despite occasional thoughts 90
the contrary. il is usually a
favorable sign 10 find such
stocks as Union Carbide. Allied
Chemical and American Tele-
phone among the strong spots.
Commodity prices appear 20
be turned around and pointing
upward again.
The outlook for farm income
is good, and helps farm equip
ment issues.
The attitude 81 Congress
toward excess profits taxation
is constructive, and shows some
Independence in the legislative
branch.
All signs point toward ex-
panding bank credit and infla-
ton.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-09
But That's All

But there the definitely I'M
favorable indications cease. In
deed, the labor situation is not
as unfavorable as il seems. as
the radical unions bid fair 10
hang themselves by their impoS-
sible attitude in the midst of a
war emergency.
II still seems that what the
whole labor show will amount
to is a general 10 per cent adj
vance in wages that will become
pretty much frozen" and will
be a low price 10 pay for stable
labor costs and full cooperation
by labor in the defense program.
On the other hand, the ma jors
ity Of stocks, traded in have
turned upward. The Is stocks
most active each day have aver
aged higher more frequently
than they have shown declines.
Clearly an oversold technical
position had developed last
week on Monday. What else can
one expect in the midst of such
universal pessimism and bear
ishness? Almost every one
seems 70 expect that, at the
least. the market will sell off
sharply before any sustained
recovery occurs. When has
every one" been right in such
matters?
There has been such a long
period Of dullness and resistance
10 decline. as plainly 10 suggest
bottom. Despite very bad news.
such as the British loss Of
Crete. the market has merely
fluctuated narrowly around Tor
a little above) a rather definite
lower resis ,ance level