davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
.Loddings Climb
To 866 ,189 Cars

WASHINGTON, Dec. 5.-Load-
ings of revenue freight during the
week ended November % totaled
SEE, fS9 cars, an Increase of 66, 1903
over the previous week. an in
crease Of 1864 over the like
week a year ago. and increase
of $50 693 over the 1899 week
according 10 reports 10 the Associ-
alton of American Railroads.
Last weeks loadings showed a
gain of 8.3 per
cent over the preceding week.
This lifted the Dow-Jones carload
lngs index - 1926-1940 inclusive
equals 100--to n record high of
.122.S from -1l32. The previous
high point attained by the index
was in the week ended June rs,
.l94l, when it was HI.
The total for last week also was
the largest for any like week since
1929 and has been exceeded in
only five comparable periods over
the past 20 years.
The total is a gain Of 1919 per
cent over the like 1910 period and
26.3 per cent over the comparable
1889 period. In the previous week
the gain over year ago was 9 per
cent and over two years ago it
was 1871 per cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Nash KeIvinator
Earnings Hit
Airline Peak
President Mason Reports
$4,6l7,o52 Profit
Despite Heavy Taxes

The largest profit for any year
since the merger of Nash-Kelvin-
ator Corporation in 1886 was
reported in the 1871 annual re-
port of the corporation TODAY
which showed a net profit OF A-
617052 after an charges FOR
depreciation, reserves and taxes
for the fiscal year ended Sept. 80.
1871.
The profit before income and
excess profits taxes Was SS,2l7,9e2.
President George W. Mason, said.
Provision for taxes for the year
was S3.60o.00o. Including Sl,S00,-
600 excess profit taxes, which
compares with provision for IN
come taxes in the preceding year
Of only $4,000 when no pro-
vision for excess profits taxes was
required
The S46t7.o52 net profit com
pares with profit of 81 ,505,15l
for the previous fiscal year and Is
equivalent to Sl07 on 4.29l 225
outstanding common shares, held
by about $4,000 stockholders.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Forbes
Americans Exhorted
To Cling TO Faith as
Fog Grows Deeper
BY b. c. FORBES

have Just been driving
through fog. Beyond limited
distance, nothing could he seen.
But one could see little hit
ahead. AS one went along the
fog, which looked impenetrable,
solid, a moment or two before,
became less impeneirahlec less
solid. so that il was possible TO
move along cautiously with fog
and other lights lit as a pre-
caution Finally, destination WAS
safely reached.
This experience has started
me thinking. l find myself hken-
ing 1t 10 the position most in
dividuals. most families. most
businesses, the nation, are in
today.
Is II not impossible 10 see
far ahead? Isn't prudence inn
pelllng us 10 proceed eau
tiously?
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Live Day at Time

But is it not wise for us to
refrain from worrying overmuch
because we cannot see clearly
into the future?
Is it not philosophic to live
one day at a time, 10 wrestle as
hest we can with each problem
that arISes? The distant fog
may does. appear absolutely
opaque But let us have faith
that, like natural fog il will
keep clearing somewhat as we
creep along.
Let us strive 10 resign our
selves TO the comforting mental
attitude Of tho hymnist
II do not ask 10 sec the distant
scene,
One STEP enough for me-"
Copyright. 1871. ny y G. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
MARKETS
Fed. Truck
Net Rest
Since 1926

Announcement by Federal Mo-
tor Truck Company last week of
a 10-cent dividend TO be paid De-
cember 20, the first since 1897, is
indicative of the earnings improve
ment that already has occurred
and the company's outlook for
next year. Against a constantly
mounting backlog of untitled or
ders, the company will report 1941
earnings substantially excess of
$780, 900 or $l.63 a share. the best
since 1926, when net profit was
81, 222, 900. Untitled orders, the
bulk of which are for the United
States Army, currently amount to
Approximately Sl5,000,000, against
s.. 100000 at June 80.
Shipments in the first 10 months
this year exceeded 100000
against S2,943,000 in the like
period last year. In view of the
large backlog, capacity operations
should continue indefinitely and
1912 volume may be as much as
so per cent ahead of the current
years total. The company will
not be affected by the restriction
on the manufacture OF
light trucks, for its output con-
sists entirely of medium and heavy
duty vehicles for commercial use
and heavy units built to army
specifications.
Federals working capital posi-
ton has been strengthened during
.1941. amounting on September &c
to $2,039, 754, against 81 PSI, 977 at
the start of the year. The 1,150,-
600 of bank loans outstanding last
June 80 have been entirely paid
off. Capitalization consists OF
49l ,543 no par value common
shares
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
On the Business Front
WIN WARD SCHULZ
Detroit Times Financial Editor


Detroit Times Financial Editor
have arisen between us. Class
feelings have been aroused,
for political purposes. Many dis
tinctions as tn classes have been
written into the law of the land.
particularly with. regard to labor.
There is now public demand
for legislative restrictions on
labor. Like every one else. l
have been seriously perturbed
over the effect of strikes. stop
ages, and Interruptions to the
defense program.
$50 far, according TO the fig
ures available, h e stoppages
have not been as serious as one
might expect, but II Is how po-
tentially serious, even disastrous,
they will become, unless there is
q better balance, that's impor-
tant.
but I think there's even
greater danger in rushing into
hasty action and legislation.
There Is no question hut thst
certain labor leaders are actively
engaged In activities the rank
and file Of labor and the Ameri-
can people will not for long toll
crate. hut TO use that situation
as background from which To
strike at fundamental principles
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Who Can ForeteII7

Who can foresee how soon
we may he plunged into about
war IN both the Pacific and the
Atlantic?
Who can fortell what the cost
will reach in men. in money?
How seriously viii our
economy be dislocated, dam
aged, as more and more of our
materials and productivity are
Communicated for solely de-
Structlve purposes?
How widespread will unem-
ployment become How many
small plants Will he closed.
hankfHRtedI, their workers cast
idle?
Who can gauge VIII a { will
happen infationwise. to what
extent the cost of living will
soar?
The "A Dor outlook is sur
rounded by such a thick fog
that no mortal can discern
what we may run up against in
the next few weeks. months.
What OF taxes? The prospect
Is dark, we know. How much
worse ii may become we don't
know.
Our 100000 stockholders
asSuredly are befogged, be-
fuddled They have suffered
grievously even during these re-
of peace. How will
they fare under astronomical
war levies, war burdens?
Is not the future of our cher
ished democratic system be-
clouded? Who can declare con-
fidently that the swiftly rising
tide of totalitarianism will go
thus far and no farther. that
then il will recede TO normal?
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Dollar Volume Drops

September was the first month
TO show a drop in dollar volume
Of new passenger cars registered
in the United States in COMPARE
son with 1910. according 10 the
Observation-Disclosures Indus
tries. September volume is esti-
mated al Sis 900. 900. a decline
Of II per cent from the Sl3l.-
600.0 900 worth Of new passenger
cars sold in the same month last
year. Unit volume for the month
showed an even greater drop,
registering ID per cent de-
crease as new cars registered
were down from l47 500 TO 124,-
go units.
Dollar volume Of passenger
car sales for the first nine
months of 1871 was UP 35 per
cent 10 81. 900 $4,000 as COM
pared to $2,152 1865, 900 for the
same period Of 1910. Unit vol
ume showed a comparable gain
of 30 per cent. with registrations
up from ,486,097 to 1929 60
vehicles.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Construction Awards
1879 Below 1910

NEW YORK, Dec. 5.-Engineer-
ing construction awards in the
week ended December 4 were -
per cent below the corresponding
period last year totaling 1913 ,4SS,-
600. compared with Sl10,503,000.
according 10 Engineering News
Record. For the year TO date,
volume amounts 10 1852 49S, 900,
an increase of "a per cent over last
NcaI.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Increased Rates Gould Be Offset by Dividends

If there should develop stifening Of
resulting higher the
dropping of the basis rate of 2 will not have prac
significance the VIII then
offset the higher premiums with increased dividend dsrbu
competent chief executive of important life
drop
slightly under The only development that could
make the contracua obligations of the TO their policy
holders would be imposition the of obv
ousy excessive federal burden
the poicyholder they vitality interested in the
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Reserve Bank Names
Dodqe, ChaIfont

Frank j. Lewis. chairman of the
board of directors of the Federal
Reserve Bank of Chicago. an
nounced today the following APP
pointments by the board; Joseph
NJ. Dodge, president of the Detroit
Bank. Detroit, was reappointed a
director of the Detroit branch of
the bank for three-year-term;
Harlan J. Chalfont, managing di-
rector of the Detroit branch, was
reappointed for a one-year term
commencing Jan. /. 1912.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
EXPANDING HERE

Additional facilities are being
provided at the Plymouth road
plant in Detroit, Mich, for the
manufacture of ordnance items.
and production will start in the
very near future. Indications are
that before the end of the current
fiscal year defense production will
account for more than half OF the
companys activities.
Mason also reported that the
corporation has offered its facili-
ties and its manufacturing abilities
in Wisconsin and in Michigan,
both. states in which its major
plants are located. 10 the govern
ment for use IN any way possible,
and now is negotiating for addi-
tional national defense contracts.
Nash automobile sales for the
fiscal year ended Sept. 80, 1871.
an6Qnted 10 S9.574 cars. as COM
pared with 53.7lS units in the pre-
ceding fiscal year
The corporation : financial post
ton was considerably improved
during the last fiscal year, Mason
said and working capital now IS
S25 POI. Isl, as compared With
Sis.SO6 154. Al the beginning Of
the year. Cash and government
securities amounted 10 $50. l57 Al.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Cattle Prices
Steady. as
Receipts Rise
VeaIers Finish SOC
Lower; Heavy Lambs
in Demand, Up soc
RECEIPTS FOR THE WEEK
ENDED DECEMBER
attic 1850 sheep, lambs
'alves 1900 Hogs

CATTLE-Receipts at the De.
troit Stockyards expanded this
week, but the increase in numbers
was accounted for largely by lib
eral unloads of cows. Slaughter
steers, yearlings and heifers were
wanted at fully steady prices conn
pared with last weeks close, with
Istrictly good and choice kinds
|acutely scarce. Cows lost mostly
% cents, but are still sharply
higher than three weeks ago. Bulls
opened weak TO 25 cents lower
and then held steady at levels
established Monday.
Several head of choice fed year.
ling steers made Sl2.25. but noths
ing strictly choice was available
10 test top quotations. Two loads
of good 10 choice LOO 10 LIPS
pound fed steers brought Si2, with
good yearlings and steers scaling
1850 pounds down at Sll.50m
l12.10. Medium shortfed steers
ranged from $9.5041125, with
common TO medium grass steers
and heifers largely S7.50G9.25.
HEIFERS DROP TO 80
Two loads of good S5O-pound
feeder steers made $3.50. while
Hight dairy bred stock steers and
heifers dropped as low as So.
Medium TO good COWS closed at
Isl 1898, cutter to common kinds
S6G7.25. Gamers largely 81 75G
$50 with occasional shelly" can
ners down 10 81. Weighty sausage
bulls bulked at SS75m9 common
To medium offerings largely SID
$50.
CALVES-Vealers finished weak
to so cents lower than late last
week. all OF the decline coming
carly in the period. Good 10 choice
grades bulked AT Sl450, a few
strictly choice 10 SIS. and common
TO medium sorts sea 1880.
HOGS CLOSE LOWER
i=IIoGS-Swine prices fuctuated
ibiiilS llOll udl ~ dd 6iid tuttn-
ers scaling $50 pounds upward
! finished 5 10 10 cents lower for
I HE week, lighter weights and
other classes steady. Closing bulk
good 10 choice $50 10 260- pound
butchers S9S0a 1919. several lots
of sorted 100 TO 220-pound weights
TO 5000. Butchers scaling 26O TO
$50 pounds closed at S940d970
with most 140 10 160-pound lights
S9.50I 9.75. Sows bulked at SS75
q 9 all week. best light sows 1925.
SHEEP-fat lambs got away TO
a slow start this week but demand
broadened later and prices adj
Ivanced 80 cents. Sheep held
STEADY. The weeks and closing
top stood at SIPS on deck Of
good 10 choice native rail lambs
with comparable grade trucked-in
lambs at S12. Odd lots Of medium
10 good lambs turned late al S110
ill.75 with common throwouts $40
down. Good 10 choice slaughter
ewes S35016, culls down 10 So.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Realty Firm 10 Sell
lis Holdings in Unit

NEW YORK. Dee. 3 General
Realty and Utilities Corporation
has signed an agreement for the
sale of us stock holdings IN LET
court Realty Corporation TO a
syndicate. The stock holdings eoS-
sist Of 1880 shares Of prefesres
and 16s 800 shares of common and
prices are SO per share for the
preferred and $50 per share for
the common.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Inspect New Models

Special groups of Pontiac
dealers have been invited TO the
Pontiac general offices this week
10 inspect the "blacked out"
cars, without chromium and
bright work that. will be built
starting January /.
The groups included dealers Of
the Detroit metropolitan area
and II carefully selected dealers
from Ohio, New York, Illinois,
Missouri, Indiana and Minnesota.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Metal Markets

New York and wholesale nonferrou
metal quotations supplied by Federated
Metals Division. Detroit. Spot. % per cen
TN, nominal; New York, SIC: future tin
SIC; lake grade copper delivered Midwest
~ electrolytic spot smelter, "a castirI
copper. 1i.T5. St Louis lead $40: 81,
Louis zinc, s.25 New York antlmony, Il
virgin aluminium. 15c
All metals quiet Export copper. II 25
resale, II Free sterling exchange. $40 3i,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Cheaper Policy Leaves Surplus for investment

by buyng cheaper rather than the
expensive policies the prudent presumably leaves
Socaled initiation hedges,
including selected stocks convertible bonds commodities
minerals Thus approach is made toward
balanced rather than lopded, investment portfolio
of basis leading company from
pa is sign of the times
the public of the of the sub
santa fall in the of capital measured by the interest
Heretofore the mutual companies dealing in participant
adjusted themselves lean interest earnings
through whiting down the dividends rebates returned to
of this has been raise the
net cost O
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Sears Sales Rise
Sharply Over 1910

CHICAGO. Dec. 5 Sears. Rod
buck IL co. sales for November
totaled SIS, 962 972. compared with
S73,322,Sl7 for November 1910. a
gain Of 2l.3 per cent. Sales for the
10 months were S7S7.0l6 .022.
against S603, i62. lS4 for the like
1910 period. a gain of 304 per cent.
October sales showed an increase
OF PSI per cent over October, 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Commodity Prices
Show Little Chance

WASHINGTON. Dec. 5.-Com-
modify prices in wholesale mar
kets continued TO fuctuate mar
rowly during the week ended
November %. The Bureau Of
Labor Statistics all commodity in
dex of approximately 900 price
series rose to 92.3 from 92.2 in the
November % week and from 1871
In the Nov. 80, 1910, week.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
G.E. Gets Contract
For Bio Naval Plant

WASHINGTON Dec :. The
Defense Plant Corporation has
authorized contract with Cen
cral Electric Company for CON
,iructIon and equipment Of "A plant
az Eric Pa. ~ a cost of $40. $50. o.
2SS 10 produce naval equipment.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
BUSINESS
M. S. Rukeyser
M. S. Rukeyser
Insurance Switch
Seen Risky Move

IN THE WEST. Dec 5.-Ihe announcement Of increase
nearly 10 life
policies makes INSCRIPTIONS agents twist policy
holders from old policies reprehensbe than
normally.
the higher rates become generally
adopted by The industry old which not affected by
the schedules will tend become increasingly valuable as
rights.
widespread Importance connection with the
counselors fees
by inducing pocyhoders TO old expensive policies with
frl policies which provide indemnity
he
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Loans 10 Brokers
Gain I Millions

WASHINGTON. Dec. 5.-Loans
to brokers and dealers in the week
ended December 3 totaled S391.-
100000, up 100000 from the
previous week and an increase Of
S71 100000 from the like week a
year ago. Other loans for the pur.
pose of purchasing or carrying Sc.
.curities amounted to S153,000, 900.
unchanged.
CITY OF DETROIT
DEPARTMENT or STREET RAUwAys
1900 Shoemaker
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05

American Fork and Hoe Com
pany declared a dividend Of 4o
cents on common, payable Decem-
her Is TO stock of record Deem
Der ). This brings dividends this
year to 81 40. against 81 20 in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Dome Mines Output
Steady in November

TORONTO Dec. :. - Dome
Mines November production Of
bullion was valued AZ 1916 1913
compared with S632 677 in October
and S65967l IN November, 1910
For the first II months. produc-
ZION was valued a. 7.139 094. com
pared with S7276.9l1 IA the 1910
period
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05

Consolidated Steel Corporation,
Ltd, declared a dividend Of 43S4
cents on Sis preferred, payable
December % TO stock of record
December Is. Distribution Will
leave arrearage of S4.56.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Luxury OF Insurance FrIs Denied to Most

Broadly speaking individual not in position to consider
rls until he contracted
cien indemnity insurance TO reimburse his family for the eco
Of incidental
abnormal periods the when the public
natonay dangers there substitute for in
estate single
stroke of the and by paying the first premium 1t is obviously
dependents dollars OF prchaS
ne O all.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Honor u. S. Steel Executive

NEW YORK. Dec. Walter
6 Tower president Of American
Iron e. Steel Institute, has been
notified of his election as an nom
orarY memt&nGaf the Iron and
steel Instii1FSr Great Britain
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
122 MILLION SALES

Total sales of Nash-Kelvinator
amounted to Sl22.045 25S for the
fiscal year, as compared with sales
of S73. 4S9. 574 for the correspond
ing fiscal year Of 1939-4O Both
divisions of the corporation con.
tributed relatively to the increases.
and both divisions were reported
10 have made increased contribu-
tons to the net profit.
Nash-Kelvinator is Just finishing
for the government a major de-
Tense plant which will be leased 10
the corporation 10 manufacture
Hamilton Standard Hydromatic
Propellers in Lansing, Mich. II
will be known as the Propeller
Division of Nash-Kelvinator Cor
poration, and propellers. including
hubs. for large bombing planes for
both the army and the navy will
be made. there.
A second and larger plant
where the essential parts of the
new and larger Pratt a. Whitney
aircraft motors will be made, now
Is being readied by Nash Kelvina-
tor for the government in Lansing.
Mich, and this should be in pro-
duction in late Summer.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
REFLECTS BIG SALES

The record profit, Mason said,
reflects large gains made in both
the electric refrigerator and allied
markets. and in the automobile
field. He pointed out that the
marked gains made by the kel-
vinator division influenced by the
policy instituted at the beginning
of the 1910 model year in which
new policies were adopted in man
ufacturing and distribution and by
which the public received larger
electric refrigerators at lower
Tces.
The Nash Motors division bene-
fitted largely from introduction Of
the Nash Ambassador 500, full
sized automobile new in basic
principles of design and construc-l
ton. in the lowest price automo-
bile field.
The Kelvinator and the Nash in
novations gave each division a
greater percentage of the total
sales volume in. each of these two
industries, he said.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Van Normal Machine Tool Com

pany declared dividend of %
cents on common, payable Deem
Der 20 10 stock of record Decem-
Der 10. Payments this year on
new $3.50 stock following two-for-
one splitup total Sl.30 against
So on old s. par stock in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05

Phillips Packing Company de-
clared a regular quarterly divi-
dend of S1.31l4 on preferred. pay
able January 2 to stock Of record
December 18.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
General water Gas and Electric

Company declared a dividend OF
rs cents on common, payable Janu-
airy 2 To stock of record December
II. Paid the same amount Octo-
Der i.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Marmon Harrington Company

WdTITUH DtFTT'k1 UH N"'HP"HN
declared dividend of 25 cents on
new common stock, payable De-
cember 81 10 stock of record De-
cember y. This payment is an
initial dividend on the new COM
mon stock, the shares having been
split three for one in June of this
year. 1t also represents an in
crease Of - cents per share on a
comparable basis over the last
previous payment, which was SO
cents per share made IN June,
prior 10 the split-up.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05

Seton Leather Company declared
a dividend of 35 cents on common,
payable December % to stock of
record December Is. Payments
for the year total IS cents, against
IS cents in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Victor Chemical Works declared

"a dividend of As cents, payable
December 81 to stock of record
December II. bringing payments
for the year to $1.40, the same as
in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05

British American Oil Company,
ltd. declared q regular quarterly
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Corporation Dividends

dividend of % cents, payable jan
uary 2 to stock of record Deem
Der 8.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05

Chicago Pneumatic Tool Com
pany declared dividend of 50
cents on common, payable January
2 to stock of record December II.
Payments in 194l were 81 initial
on April | and 80 cents on Octo-
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05

Although switching is usually 10 he frowned upon,
buyer is in position 10 make free choice.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05
Universal Pictures Company

Universal Pictures Company.
Inc. declared a dividend of 81 on
s per cent first preferred. payable
January ! to stock Of record De-
Cember %. Payments in 1871
total Sc and are the first since
1882.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05

Combustion Engineering Com
pany. Inc, declared a dividend of
81, payable December 20 TO stock
of record December 10.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-05

Peoples Drug Stores, Inc, de-
clared a dividend of DO cents on
common. payable December % 10
stock of record December Is. Paid
the same amount October l. Pay
ments for 1941 total S1.60, against
S1.75 in 1910.