davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25

Aircraft manufacturing shares
were led upward by Consolidated
Aircraft, which climbed almost Z
points at one time. Others in the
group chalked up fractional gains
Steels also were firm. Motors
and coppers gained a little ground
with American Smelling rising a
point.
Notable weak spots were Amer
lean Tobacco "B," down a point
Liggett e. Myers "B" almost as
much, and Eastman Kodak, off al
most 2. All were at new lows for
the year. Allied Chemical slipped
more than a point in a mixed
chemical section.
International Paper & Power
common and preferred were fairly
active and gained fractions.
A mixed bond market again was
featured by strength in u. S
Treasury issues. The new 2l2s OF
1868, on a when issued basis
were 1o2 24-32 bid, 102 1852
asked.
The general undertone on the
Curb market was steady, but price
changes generally were Of minor
proportions. Some utilities stood
out with gains exceeding a point
but most price swings were limited
10 fractions.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Giues Breakdown

A breakdown reveals interesting
and significant price currents
within the big index. 1t shows
that:
!. Raw material costs in the
United States have jumped Is
per cent during this war, against
a gain of only IL per cent in
the first 20 months of the last.
2. Prices of farm commodities,
textiles. hide-leather products.
foods and house furnishing goods
have all shown sharper gains
than in the 19l4-16 period.
3. Prices of manufactured
articles as a whole have in
creased 90 per cent, compared
with a gain Of IA per cent in
1914-16.
The greater 1914-16 advance II
the all-inclusive index was &C
counted for by especially SHARP
advances in chemicals, metals
building materials and fuel light
ing items.
Metals and metal products
which, due largely TO government
regulation, have risen only 5 pei
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Underwriters 10 Hear
Conn. Life Official

+. Hobart Haviland. vice prcsi-
dent Of the Connecticut General
Life Insurance Company of Hart
ford. will be the speaker at the
final meeting of the l940-4l sea-
son of the Detroit Association of
Life Underwriters. Wednesday,
May %, in the Hotel Book-Cadil-
lac. His topic will be Completing
the Sale. - The plaque to the re-
firing president will be formally
presented 10 William A. Post at
the luncheon meeting.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Forbes
Tells Graduates
Sheepskin Doesn't
Insure Success
By b. c. FORBES

Many thousands Of youths will
next month proudly receive high
school or college diplomas. II is
10 be hoped that il has been i'm
pressed upon them that a sheep
skin doesn't insure success.
1t may, however, hearten them
10 learn that far larger percent
age Of topnotch positions now 60
70 well-educated men than was
true a generation ago.
For example. I analyzed the
schooling of 50 OF the foremost
business and financial men in
America a quarter Of a century
AGO a. d found that not a few Of
them received nothing more than
a few Winters Of formal schooling.
that not more than half graduated
from high school, and still fewer.
Of course, possessed university de-
greeS.
II is different with those occupy
Inc topnotch business positions
today. ! recently questionnaired
81 of them. No fewer than IS are
college graduates, 16 high school
graduates. Only nine didn't 60
beyond grammar school.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
0lds to Build Cars
Through July
Men Will Be Shifted
Later for Arms Work

Oldsmobile division OF General
Motors Corporation plans TO con-
tinue manufacture of 1871 models
through July, according to S. f.
Skinner. general manager. When
the seasonal letup on car produc-
ton occurs, many men are 10 be
transferred TO defense work. he
said. These will be in addition TO
the several hundred that already
have been transferred to arIna-'
ment work.
Skinner says the GIN forge plant
division of Oldsmobile is now in
production on Is nm. and los nm.
shells. Nearly all machinery in
stallations have been made. The
company's automatic cannon plant
also is developing rapidly and will
bein operation early this Fall.
Oldsmobile contracts for de-
Tense work are in excess Of $22,-
600 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Word OF Droftees

There is one other aspect to
this suggestion of looking ahead
in this emergency period. Men in
the armed services of the nation
or in civilian agencies of the gov
eminent at Washington are not
only performing their day to day
chores, but are also in position TO
make lifelong contacts. They can
impress their associates by their
devotion to duty and by their COM
petence in executing orders as
well as in initiating ideas. After
World War /, many young men
profited by their contacts, and re-
ceived offers to join private buSi-
ness organizations.
Even though as a people we
shall have to pay for the war,
there will, of course, be continu-
ing competition among individuals
in getting the postwar plums in
private life. Men who are now
serving their country are at the
same time in positions where they
are being judged by others who
will have an opportunity TO adj
vance them when the present
emergency is over.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Starts in Cotton Mill

Andrew Carnegie started work
as bobbin boy in a cotton mill
before he reached his teens. but
he became a most aSsiduouS
searcher after education for many
years thereafter. even employing
tutor after he graduated 10 mil
lionairedom and a Fifth avenue
mansion.
John d. Rockefeller didn't grad
uated from high school. President
Charles +. Wilson of General
Electric began work as an GRAND
boy, II hours day, when only u.
Ernest T. Weir. chairman of
National Steel. was so poor as a
boy that he had no regular school
education-but later made up for
it by studying engineering. Other
leaders of today whose parents
weren't able 10 send them beyond
grammar school include: President
John Holmes. Swift e. Co; Presi-
dent B. c. Heacock, Caterpillar
Tractor; Capt. +. V. Rickenbacker,
Eastern Air Lines; President
Blaine s. Smith, Universal Atlas
Cement; President Edward I. Gar
rett. Wire Rope Manufacturing
and Equipment; President ]. T.
Mackey. Mergenthaler Linotype.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Michigan AIkdIi Wins
Safety Award 9th Year

HERSHEY. Pa, May 24.-For
the sixth consecutive year in 1910,
the Wyandotte cement plant of
the Michigan Alkali Company has
received continent-wide recogni-
ton and the Portland Cement As
ISOLATION Safety Trophy for out
standing accident prevention work.
yn.aa- rneet5y>s at E0tsl Heyseey
here, cement company officials
praised the splendid teamwork
and individual care by employees
which has made possible operation
of the mill since 1894 without a
single disabling injury.
The Safety Trophy, given annu-
ally by the association for the last
II years. goes to Portland cement
mills which operate full calendar
year without an accident.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
WHY'S Starts :.
On She'll Order

EDO, May 24.-Willys
Overland Motors. Inc, will start
full production next week on its
SS,000,000 order for 155-millimeter
shells, according to Joseph w.
Frazer, president.
A test run was held Friday on
the 112-pound shells in the shell
forging plant which was built and
equipped in go days. The COM
pany is shipping 10 anti-aircraft
gun breech assemblies daily to the
navy.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Aid Defense
Brands to Sell
u. S. Arms Stamps

NEW YORK, May 24.-Stand-
ard Brands, Inc, has completed
arrangements for placing defense
stamps on sale in its home office
and in all of its division offices
and plants throughout the country.
Managers have been authorized
to purchase and keep on hand
stamps of the 25 cents, so cents
and 81 denominations, and to en-
courage their sale in every pos
sible way.
In announcing this arrangement,
Thomas l.. Smith, president, said:
II trust that every one will
take advantage of this arrange
ment for better prepared
America"
Standard Brands has on its
roster about 10000 employees.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Moderate Education

Others who received very mod
crate education include Thomas +.
Wilson, packer; James d. Duke,
who became the worlds tobacco
king" Edison, who was thrown
out of SCHOOL when Z because his
teacher decided he was too Su-
pid TO learn; William L. Douglas,
shoe manufacturer who became
governor Of Massachusetts; George
Eastman. Kodak king; Frank
w. Woolworth; James A. Farrell,
ex-president of United States
Steel: Henry Ford
The man who is cocksure he has
arrived is ripe for the return
journey. Let no June graduate
become obsessed with the notion
that he has no need 10 learn more
The door Of opportunity isn't open
but il can be pushed open.
Copyright. 1871. by h c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Work-e-Day World

But let those about 10 enter the
work-a-day world ponder these
facts: Not only most of those who
didn't receive college degrees, but
many who did. devoted themselves
enthusiastically 10 enriching their
education after they began 10
work. One-fourth of the total
quizzed. including college gradu-
ates. subsequently took CORE
spondence courses. Others at
tended business schools. Seven
strove to attend one or more coll
lege courses. Still others attended
evening classes.
One lie aiding correspondence
school alexander Hamilton Insti-
tute), analyzing 500 of its 1910
subscribers, reports that &c per
cent of them were college gradu-
ates and Al per cent high schoolers.
Perhaps it will drive home to
fledgling graduates that educa-
ton isn't necessarily a passport TO
the SUBMITS of success if they
learn that many OF Americas most
eminent men of affairs enjoyed
extremely little schooling.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25

Among the roads getting the in
creased traffic are the Atchison,
Topeka and Santa Fe; Chicago,
Rock Island and Pacific; Missouri
Pacific. NEUTRALITY-SUSPICIOUS., ST
Louis-San Francisco and Union
Pacific.
The Atchison in the last two
weeks has been handling grain at
the rate of about 1000 cars a
week, or about twice what il was
a year ago. Rock Island lines up
to May 10 had handled 2,613 cars
of grain, against LOIS year
earlier. an increase of 157 per cent.
The Fl. Worth, and Denver City.
subsidiary of the Colorado and
Southern. handled only 81 cars Of
grain in the first week OF May
against 1877 a year earlier. In the
second week its grain jumped to
213 cars, or an increase of 119
over q year earlier.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
us. |n(omeRise
Resumed;Mareh
Total at 7 Billion

NEW YORK, May 24.-The ma
tional income produced In the
United States resumed its expan-
sion in March after declining dur
ing the previous four months AZ
the result OF the usual seasonal
curtailment in the shipments Of
farm products, according to the
Alexander Hamilton Institute.
The national income rose from
Sc, 569, 100000 in February to ST.
026, 900, 900 in March and thus re-
covered nearly a third OF the
ground lost in the decline from the
1910 peak of $7,983, 100000 last
October.
In addition to rising sharply
above the February level. the
national income in March showed
an increase of 26.9 per cent over
March last year. when the income
was S5,537, 000,0 900. The gain over
a year ago was much greater In
March than in the two preceding
months OF this year. The national
income during the first quarter
amounted to $40, 389, 100000 this
year as against Sl7,l27, 0OO, 900
last year, an increase Of 1910 per
cent.
The returns for March provided
further support for the expecta-
ton that the annual national in
come in 1871 will exceed the
amount in the pre-depression year
of 1929 for the first time since re-
covery from the depression began
in 1888. The prospect is that the,
monthly trend of the national in-'
come will be upward from now on
until November, when the seasonal
curtailment in shipments OF farr1
products Is likely TO cause tenn
porary setback.
This prospective rise In the ma
tional income during the greater
part OF the balance of this year
is particularly likely TO occur since
prices seem now to be definitely
on the rise as the result OF the
active functioning of infiationary
forces.
With the government planning
10 spend such a large amount OF
borrowed money during the COM
ing months, IL does not seem
probable that imitation can be en-
tirely avoided despite the various
measures which the government
is taking TO prevent such a devel-
opment.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Ceiling Set on Price
OF Combed Cotton

WASHINGTON. May 24.-INS)
Federal Price Administrators Leon
Henderson today set a ceiling
on the prices of various grades of
combed cotton yarn, amounting to
a 20 per cent reduction on recent
prices quoted by the industry.
Combed yarn is used in the
manufacture of textiles, under
wear and other apparel requiring
high grade yarn. Henderson said
the ceilings are expected TO be
reflected in the prices not only of
cotton textiles but also of finished
products.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Zenith Net Seen
AT 4-Yedr High

CHICAGO, May 24.-Net I'm
come of the Zenith Radio Corpo-
ration for the fiscal year ended
April 30 was probably in the
neighborhood of S2.55 to S2.75 per
share. This would compare with
a 1939-40 fiscal year net of $1.50
per share and would mark the
best year from an earnings stand
point since 1887, when per-share
net reached 1886.
Improvement in Zenith's bust
ness over the previous year was
due in a large measure to the
countrywide pickup in consumer
demand for home furnishings,
with particular buying interest in
table model sets and radio-phono-
graph combinations. War news
broadcasts stimulated buying OF
short-wave receivers, and contin-
ued popularity of auto radios as
original equipment on new model
cars lifted production of those
sets.
Current operations are main
tanning a substantial gain over
last Spring, aided by several ma
tional defense contracts for wire
less equipment and for aircraft
radio installations. While Zenith
is on the priority list TO get alum
mum, nickel and other metals for
this government business, normal
commercial production has been
hampered to some extent by short
ages of these materials. SHbsti-
tutes are being sought for alum
mum in condensers and magnets
and for nickel in other mechanical
parts.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
New Mark
Refrigerator Sales Total
44S,S35 in April

NEW YORK. May 24.-Sales OF
household electric refrigerators set
new high mark in April, with II
companies selling 448,S35 units In
the domestic market and 472 ,607
units in the world market, accord
ing TO the National Electrical Man.
ufacturers Association. In April
last year Ia companies sold 315, 1896
units in the United States and
331 ,049 in the world.
In the first four months OF 1941
total of 1,524, 1896 units were sold
in the United States and 1,595 Sol
in the world. This compared with
1,072 1902 in the United States last
year and 1,126,236 in the world.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Nation's Store Sales
Continue Over 1910

NEW YORK, May 24.-The
Federal Reserve Board estimates
department store sales in the
week ended May II were II per
cent higher than in the CORE
spending week of las, year, In the
week ended M"t n sales we've
- per cent above last year, and
in the four weeks ended May II
they averaged Ia per cent more
than in the similar period last
year. The gain last week in the
New York district was 8 per cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Budget Savings

In addition to the need for such
broad gagged efforts by industry
and government the individual
worker can also formulate helpful
policies both as producer and as
a consumer. AS a consumer. the
breadwinner can budget savings
which will leave his family with
reserves 10 cushion the after-the-
war slump.
AS producer, he can seek in
this period of rising employment
during an armament boom 10 de-
velop outstanding qualities which
will win his employers loyalty.
Then later, when wedding out
of the less efficient takes place
after war orders have been cam
celed or tapered off, he will be
in the select group which is likely
to be retained.
This problem OF cementing a
lasting employment relationship
now calls not only for productivity
on the Job, which is of course the
first consideration, but also for
gracious human qualities which
will create good will.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Squibb & Sons Sells
: Million Debenfures

NEW YORK, May 24.-Carleton
II. Palmer, chairman of the board
of +. r. Squibb & Sons, announces
that the company has sold
privately 10 a New York inSur-
ance company S5.000,000 Of 20-year
ga per cent sinking fund deben-
lures. The proceeds have been
used 10 refund the corporations
81, 500,0 900 10-year serial bank
notes, 10 pay the cost of recently
completed additions 10 its labora-
tories. and the balance has been
added 10 working capital.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
o. K. Capital Boost
For Snider PdCkinq

NEW YORK, May 24.-Stock-
holders of the Snider Packing
Company have approved an in
crease in the number of shares
of no-par common stock from
10000 to 100000. Bert G. Olney,
president. said that the authorize
ton TO issue an additional 10000
shares of stock would not be
exercised until the company felt
that it required the additional
capital.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25

work in a factory at the age of
IA, and completed his education in
night schools, including a year in
commercial law.
For p years he was associated
with Cadillac, and even before the
formation of the Cadillac COM
pany, worked for the late Henry
NJ. Leland when the latter built
Cadillac engines. He joined Chrys-
Ter in 1884. He was successfully
general foreman, superintendent
of motor building and machine
shop and general master mechanic
of the jefferson and Kercheval
IL.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
April
Income Tops E Millions

NEW YORK. May 24.-Pennsyl-
vania Railroad reported an April
net operating income of S6,025,-
764, against S5.S32. SAP in April,
1910. The four months income
was SIG, 271 ,S22, against $21 $685.
404 in the first four months of
1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Present War Follows
19l4-l8 Price Trend
Commodities Rose IL Pct. in First 20
Months of Second World Conflict

NEW YORK, May 24.-Com-
modify prices thus far are follow
ing the World War (1914-191S)
pattern. In many important in
stances they are, despite the
anti-price-rise fanfare. actually
running sharply ahead of that
schedule.
Commodities as a group rose 16
per cent during the first 20
months of World War /, measured
by the department of labors
wholesale price index. They have
climbed II per cent in the first 20
months of World War III.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25

cent since the beginning of the
present conflict, scared "a per
cent during the first 20 months
of World War /.
AS the United States chemical
industry was an infant 25 years
ago and the country was largely
dependent on imports in this
line, chemical and drug prices
shot up 125 per cent in the first
20 months of the last war. They
have advanced only IL per cent
since August, 1889.
Building and fuel lighting ma
terials both moved up 20 per cent
in the first 20 months Of the last
war, compared with respective
gains of II per cent and 3 per
cent in the present struggle.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Canadian Loddings
Rise 10 61,737 Cars

MONTREAL. May 24.-Cana-
dian car loadings in the week
ended May II, totaled 61,737 cars,
compared with 81 $50 the previous
week and 53.063 cars a year ago.
From the previous week the in
crease was less than seasonal.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
N. Y. Business Loans
Reach New Record

NEW YORK, May 24-Ad-
vancing al the Shsrpest rate in
more than two months. business
loans Of reporting member banks
in New York City gained $22,-
600 900 in the seven days ended
May y. They now total 81 49,
OOO, 600. record high for recent
years. II is understood that the
latest increase was accounted for
largely By term loans" and re-
financing operations Of corpora
tons.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
M(Manus Heads Unit
Of Crown Cork Co.

NEW YORK, May 24.-Charles
+. McManus has been elected
president of the Crown Can Com
pany, a wholly owned subsidiary
of the Crown Cork and Seal Com
pany. Inc, of which McManus is
president. McManus is also chair
man Of Crown Can. The election
of McManus fills the vacancy
caused by the resignation May
16 of L. Frederick Gieg.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25

nounced Satur-
day.
He succeeds
d. T. Flater,
signed to an
other branch of
Chrysler Corpo-
ration activity.
Prize b @ has
been associated
with the manu-
featuring Q n d
of the autono-
{ We industry
for ov er 35
Born in
Detroit on the
west side of the
city, he went 10
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
75e Auto-Lite Payment

TOLEDO May Electric
AutoLite Company has declared
dividend Of Is cents. payable
duly ! 10 stock Of record June Is.
The company paid a like amount
on April j.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Outside Contacts

In addition, the specialized
skilled worker engaged in arma-
ment work ought to be devoting
some of his leisure time TO study
and TO the development of skills
to fit him for peace time work
after the armament boom sub
sides. Such foresight and indi-
vidual planning constitutes man.
aging your future, instead of
waiting to be victimized by the
passing show.
If employment depends on out
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25

at Detroit, has
invited Edwin
s. karrer, presi-
dent: Elm e r
Salzman. secre-
tary Of the De-
troit A SIS o cia-
ton OF Insur-
ance gen I S.
and about 100
members 10 join
the personnel OF
the Detroit Of
fee on a three
day cruise.
Leaving here
the morning Of
June 6 on the
Noronic. os I
return Sunday
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Ndsh-KeIvindtOr
Declares Dividend

Nash-Kelvinator Corporation has
declared a dividend Of 121a cents
4 snare. payable June p 10 stock
Of record June y. The previous
payment was also 12i2 cents on
Feb. u 1g3S
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Detroit Gasket Co.
PAYS 25C on Common

Detroit Gasket and Manufacture
ing Company declared a dividend
of Is cents on the common. pay
able July Fl TO stockholders OF
record July 5. A like amount was
paid April p.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Accent Dividend
By Universal Products

Universal Products Company.
Inc. has declared a dividend of 40
cents, payable June 30 TO stock
holders of record June 10. a
similar payment was made March
81.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Dropped in 1921

All three major military con-
flicts since the beginning of the
nineteenth century sent commod-
ity prices skyward. Costs rose 45
per cent in the Napoleonic era, 120
per cent during the United States
Civil War and 127 per cent in the
first World War
The decline following World
War I was the most precipitate.
Prices dropped 81 per cent in 1921,
Price advances during the first
20 months of the present war
compared with gains in the like
period of World War I follow:
Per Cent Gain
IQ2Q.Al i4-le
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-25
Seat No. I'D
Jerome LeWine Is Elected
Big Board Member

NEW YORK. May 24.-Jcrome
Levine. who holds the Wan Street
record and. so far as Is known, the
worlds record for membership in
the largest number Of security and
commodity exchanges. has been
elected q member Of the New
York Stock Exchange
He Is now a member 81 is eX-
changes.