davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19


Non-ferrous metal trade papers
fatty predict that next ION the
list" are one or more prominent
midwestern smelters and refiners.
A similar penalty would mean that
their customers would be cut off
from their supplies.
That Detroit has been a fertile
field for metal 'bootlegging is
knowledge Prices have
scared on critical materials. John
L. Haynes. chief of the lumber and
building materials branch of the
Associated General Contractors of
America said last week in speech
at the groups convention here:
"Many of YOU must be ac-
ouainted with bootleg prices,
bid and asked, for steel and cop
per. These are matters of COM
mon talk"
One business man reported pay
ing rs cents a pound for aluminium
and was told he could get "all he
needed at that price. The legitl-
mate price is Is cents pound.
Central Foundry's deliveries
were made 10 Farnsworth Tele-
vision and Radio Company, Mills
Haywood Wakefield Com
pany. Eastman Kodak and Filtex
Company and the bootleg alumni
mum went into luke boxes, coin
cameras, vacuum clean
ers and railroad car seats-all
having lowest civilian ratings
of BIS.
Severity of the punishment
which was tempered only by the
provision that the firms stocks on
hand could be shipped for defense
work. can be gathered from OPM $
statement that Of Contra
Foundry's S2.5o0,000 annual vol
une. ST 100000 is IN aluminium
The balance is copper and zinc
products.
OPM has not yet determined
whether the Milwaukee ScraT
Metal Company or Brodey Broth.
ers, who supplied the aluminium tC
central, will be punished. Nelson
SAID mat tHCSp Two frrTr1S are 1S
ing investigated further TO deter
mine the extent OF their guilt. -
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Illinois Utility
To Retire Bonds

WASHINGTON, Oct. 1s.-Cen-
.1ral= Illinois Public Service Com
pany has been given permission by
the SEC TO issue and sell S3S,000.-
900 Of 33s per cent, first mortgage
bonds and 100000 serial notes
for the purpose of redeeming $3S,-
100000 of outstanding. 80 per
cent bonds and 100000 of serial
debentureS.
At the same time, however SEC
instituted Utility Act proceedings
against the company calling for
action to simplify its capital
structure and re-distribute voting
power equitably among its security
holders.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Has a Large Stake

Jones stake IN the war is great
-four sons and a son-in-laW The
Youngest son and the son-in-laW
are In the air force, another boy
is an artillery officer, a third is IN
the signal corps and the fourth IN
charge Of a convoy.
They won't come back 10 a
iobless Britain Ike ! did, he
euphasiIed. 81 came hack 90
three days week and IS shill-
ings m support a wife and fam
ily. Even less later, Fourteen
went for rent.
N that happens 10 my hoNs
I'll be the worst widowed red
YOU ever SAL" Jones said Seri-
ous.y But IL won't happen.
There's the men ~ the last war
who went through that and
they'll stand firm. No one wants
that,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Ore Fleet Continues
AT Top Capacity

CLEVELAND, Oct. 1S.-Oper-
atoms Of the 292 vessels compris-
ING the Great Lakes ore fleet were
again AZ 100 per cent of capacity
as of October Is, according TO the
monthly report Of c. c. Lindcman.
statisiician OF the NJ. A. Hanna
Company.
This is Tho sixth successive
month this season that the fleet
has been operating AT capacity. a
year ago the ore fleet Of 296 boats
was likewise operating az capacity.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19

and fever during the abnormal
period ahead. Inflationary and de-
forces will doubtless be
operating side by side, and, while
Armament trades will be lifted up
some OF the civilian occupations
are destined to become further de-
pressed by priority shortages. 1t
would be reckless to bank on the
assumption that monetary deterio-
ration will necessarily prevent an
ultimate downward revision of
commodity prices which have been
skyrocketing under emergency
stimuli.
In postwar Germany, it will be
recalled, the steady initiation of
and other business as
sets, in terms OF paper marks, OBJ
Waited for a time the customary
number OF business mortalities.
Business mistakes were tempo
rarily concealed by the uprush of
prices, but when revaluation fol-
lowed the reckless initiation the
accumulation Of failures which
piled up over a period Of abnormal
years suddenly occurred in one fell
SWoOp.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Beneficial Loan
Issue Registered

NEW YORK, oct. 1s.-Bene-
fetal Industrial Loan Corporation
filed with the SEC a registration
statement relating 10 a proposed
new issue Of 100000 13-year,
2& per cent debentures. proceeds
OF which viii be placed in general
funds Of the corporation The
present intention is 10 reduce
outstanding bank loans and COM
mercial paper, subsequent 10 the
financing.
The underwriting group will he
headed by Eastman, Dillon and
COMPANY
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Two New Factors

He emphasized that there were
two factors today which were moi
present IN the last war.
I'VE have representation In
government" he said. Church
Am leans more and more on
labor.
But more important than
that is the effect Of the war on
the so-called caste system. Com
moners give orders 10 nobility.
No longer can you become an
officer in the British army with
out going through the ranks. In
air raid duty every one takes
part. A factory owner by day
works with his help during the
night, and there's no complain
ing. either"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Increased Work Week

"Why, In n recent election
among the Welsh coal miners
they voted almost unanimously
10 extend the work week 20 AZ
hours. That's the equivalent to
about - for other workers.
"And the significant thing to
me is that they work on rations.
That's a hit OF butter, hit Of
margarine, a hit Of meat. Not
really enough To build up the
body after a day Of sweating
and straining in the bowels of
the earth"
Jones said that there hadn'
been talk of strike in England
since the dockworkers' threat two
months ago. Al that time they
protested the right Of their en-
ployers 10 move them from toWr
10 town.
Their leaders explained that
when docks were bombed there
was work 10 do at other ports
and they were given an assured
weekly wage for the first time
In their history and went back
10 work" Jones said.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Young Spring
Nets S3.35 Share

L. A. Young Spring and Wire
Corporation and its subsidiaries
report for the fiscal year ended
July 81, shows net profit Of
81, 36S,24S after depreciation, inter-
est, loss on disposal of equipment
and normal income and excess
profits taxes, equal to 1885. a
common share.
Due 10 change in the fiscal
year, no exact comparison IS avail
able. but for the seven months
ended July 81, 1910 the net profit
was S4SS, 1853. or S1.19 a share.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
No Paid Propsgandisf


so paid propaganda is Jack
Jones HIS expenses are paid by a
Welsh-American song festival 500
Ciety and the governments only
contributions are a passport and
an O h. 10 return on a bomber.
he gets Just $40 a day 10 cover
everything and has been consis-
tently in the red Jones addressed
a group here and left the same
night for Buffalo.
He started m the mines at i.
was a World War hero. and with
no education launched a success
ful literary career Two Of his
books were best sellers and ne
wrote two hit plays. lie repre-
scented the Welsh miners in wage
negotiations.
I'm here 10 tell British Ia
boris story n American tabor. y
he said simply. This wars diff
ferent. This time it's labor's war
and it's labor that's out 10 see
that there's no halfway peace.
We know what we're fighting
for and we're going to see that
we get II"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Shoe Output Hits
New September High

NEW YORK. Oct. 10 Septem-
Der shoe output is estimated by
the Tanners Council of America
at 44,250000 pairs, a new record
for the month and exceeding out
put a year ago by PSI per cent.
Manufacturers schedules for Oc-
toher indicate continued high
production volume. However, re-
ports indicate some recent curtail-
ment in new shoe orders.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Banks
Brokers
Business
By WARD SCHULTZ
p,ror r'ms, Financial EDITOR

you never call them sir a.
night
Jack Jones former Welsh coal
miner. was explaining The basic
change la The British people which
has resulted from tHe war
Il was standing on air raid
duty one night and FIRST there
uss the duh ploomp. ploOmp ~
German bombs the distance,
followed rs the fires which
dotted the night,
a well known duke WAS
standing nearhN Where do Xou
think those are he asked,
squirting into the night. on,
Ia say 10 was down in the Slum
section. ! answered. Tough
he gritted, and walked oft in the
night
You see YOU Just don't call
them sir because lis Just au-
other guy under a tin hat
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
The Real Front Line

Women are the real front line NJ
hs war. Jones said lie report,
trat I'M one month there were more
women and children killed trar
Tho entire British army, navy ah0
ar force during tho same 80 dag s
ut tugs At your heart 90 see
woman lead her children out
on the basement ~ what was
once a home. They're the real
snIhLnrs
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Oils Up Slightly

A long list Of other stocks adj
vanced a point or more, including
Boeing. Consolidated Aircraft.
Lockheed. United Aircraft. Dow
Chemical. Union Carbide. United
States Gypsum. Eastman Kodak,
New York Shipbuilding, United
States Rubber, American Car and
Foundry and Howe Sound.
Coppers. oils and rails were up
fractonally Utilities did little.
Westinghouse dropped over -
point but regained this later.
Commodities duplicated yests
days rally but at a slower pace.
The bond market started irreg-
ular but firmed up later. While
gains outnumbered losses most
changes were fractional.
Empire Gas and Fuel preferred
issues led curb stocks upward.
Empires 3 per cent stock scared
more than 8 points New Eng
land Power preferred and Middle
West Corporation were among a
few scattered issues 10 lag.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
MARKETS DETR61h6dBaEzT7M BUS
Detroit Firms Fear
Metal Breakdown
OPM's Move to Halt 'Bootlegging
Conferred on MidWestern Firms

industrial firms using nonferrous metals are appe
dispatches OPM cracked
on Central Pattern Foundry Company Of Chicago last week
for selling violation of priority orders.
supplers have been violating prlorlte
find for metal at a
time when a feat borders the impossible
In announcing Central Foundry would alumni
Donald Nelson emphasized that this was
would be dealt with The future
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Livestock Markets

CHICAGO oct Is HOGS Peceipfs
5 500 steady followers none Top
$40 % bulk 50 son 30 90. heavies So -bq
l' - mediums So - e ~ p lights 50 90
% 10, Nehf lights 80 t0u F0. packing
s.Ws 80 U.s. pigs s. Tsaq e.
CATH ~ Receipts 500 steady. calves
500 steady Beef steers choice Eil s0u.
10 CD me' I'M Ss 5oI1f so. warnings 50
s. as %. tlu. 81 E001n calves S7I
"a 5e feeders $50 hn st1csers steers
IS sd ll COWS and he rers Ss 500Io 75
SREkp Receipts 300 steady f8mhs.
3ll hOr i.l1. o m M n n $3.50 Is go
ycarlnEs So go % So, ewes. So -515 on.
feeders SIlg1l lo
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Warns of Loose Talk
On Initiation Danger
Credit Men and Realty Appraisers
Must Maintain Strict Standards
By MERRYLE STANLEY RUKEYsER
International News Service Economic Commentator

CHICAGO 1s-Loose talk about initiation prospects by
may dull the critical of financial
practitioners
and real estate appraisers for example should be
their standards and assume that the m
hatonary prices will bail weak situations and make
Although unpredcable il reasonable 10
but rather succession Of chlS
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Curb Retires Seat
OF Member for $1,000

NEW YORK. Oct. 1s.-New
York Curb Exchange has made
arrangements 10 purchase and re-
tire the membership Of Herbert
n. Rawlins Jr.. for 81 900 Follow
ing this sale the market for seats
was $1,000 bid by the curb eX-
change and offered at $500
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Stocks Extend
Recovery in
Active Trading
Gains Run TO 2 Points
in Douglas and Du Ponf;
Bonds Steady at Close
international New. service Wiz.

NEW YORK. Oct. 1s.-The
stock market recovered further
today when gains ran TO more
than two points. Volume expanded
also and ran around 100000
shares. biggest Saturday in two
months.
Douglas Aircraft, Du Pont and
j. l. Case were the biggest In
dividual gamers, each rising two
points or more. Steels were strong.
Bethlehem rose over a point and
the others gained fractionally.
Chrysler moved up over point
but General Motors was barely
higher.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
High Spot on Program

Russell ! Darling. director Of
social research for the small loan
companies. said another high spot
on the three-day program will
take place Wednesday evening
when Joseph r Gwinn, vice
president OF the Peoples Finance
Service, Inc. will present the as
sociaton'S third annual award for
outstanding community service by
a member of the organization The
1911 winner of this award, which
was won in 1910 by Elmer +.
Hartwlg Of Royal Oak, president
OF the association, has not been
announced.
Principal speaker on the
Wednesday evening program Will
be Or Charles Copeland Smith of
the National Association Of Manu-
facturers, who will speak on In
dustry and National Defense"
Other main speakers during the
three-day meet will INCLUDE ByrC
+, Henderson, president of the
iff0tTSr1otcf tTr1d1re Corporation
Charles II. Watts. president of the
Beneficial Industrial Loan Corpo.
ration and Prof Robert w. kelso
director Of public and social adj
mlnistration, University Of Michi-
gan.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Michigan Small
Loan Business
Marks 18th Year
Effects Of Defense VIII
Be One Of Topics al
Annual Meeting Here

Effects of The national defense
program on the small loan business
will be one Of tho principal SUBJ
Gets d cusScd during the twenty
anh annual convention Of the
Michigan Association Of Personal
Finance Companies LaNerne Rid
out chairman of The association S
program commttoe. said Saturday
The convention marking the
organization s. silver anniversary,
viii open at The Book-Cadillac
Hotel next tuesday and continue
through Thursday.
THE significance Of the new
financing regulations developing
out OF the national defense pro-
gram is regarded ny us as being
80 far-rcaching that we have
devoted an entire general SeS-
sion 90 its discussion" RidOut
sand speakers on the topic,
Present Trends and Future
Prospects of Consumer Credit
Control. will include Dr. Rolf
Nugent. director of consumer
credit studies for the Russell
Sage Foundation, and Lloyd :.
Henderson, vice president Of the
commonwealth Loan Corpora
tion. DR. Emil LETTER. dean of
Albion College, will serve as dis
cuSant."
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Effect of Initiation

'Tf there Is initiation, OF course
tangible goods will skyrocket
and our appraisals OF value will
look very low indeed. The re-
suits OF initiation are so disas-
trOus that many steps are al
ready contemplated in an effort
10 control and curb 1t. In my
opinion an appraiser has no right
to base his appraisal of the value
on hypothesis that initiation
will tend TO raise the price. 1t
seems, therefore, that when an
appraiser looks to the future
benefits, he must use a great
deal OF caution and attempt 40
far as he Is able to take a middle
ground stand In his thinking.
while we agree that an APP
praiser should be abreast Of the
market, we do not agree that an
artificial market caused by un-
usual conditions should affect
his reaction with respect to the
present worth of future bene-
fits. IL has been practice among
the better appraisers for years
In n rising market 10 lag some
what until they are convinced
that the prices under unusual
conditions have become stabi-
lied. Not only do appraisers lag
In the upward trend, but they
also tend 10 lag I'm the downward
trend after unusual conditions"
The credit analyst and the reaI
estate appraiser cannot be eX.
pcctcd 10 do more than render 2
Judgment in terms OF dollars oi
present purchasing power How.
ever. II the buyer Of long term as.
sets expects further initiation. ex.
pected deterioration of the dollar
gives him an added incentive fol
acquiring tangible wealth.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
On Realty Appraisals

In relating this discussion &c
real estate appraisals, Herman O
Chicago appraiser, in
structor at Northwestern Univer-
sity and retiring president Of the
Illinois Savings and Loan League
pointed out:
There are those, who are
thinking about our economy in
this country, who firmly believe
that we cannot carry on this gil
gantio defense program without
somewhere along the line reduc-
ing our standard of living. We
cannot arm this country as we'll
as many other countries and
spend fifty TO one hundred bill
lion dollars, most of which il go
ing into unprOductive enterprise,
wi hOut pinching somebody
somewhere. Whether this pinch
comes I'm the nature of initiation
or whether Ii. comes i'm the ma
ture OF lower real wages, or
whether 1t comes I'm lower net
income, the result IL still the
same; namely, hard times.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
Unlisted Stocks

Approximate prices furnished by She Ma
tional Association ~ Securities Dealers
Inc. District No 3
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
TRADE DIPS

Barrons business index in
the week ended October IL
dipped to 1923 from 1885 in
the preceding week. The cur
rent level compares with the
recent recovery high of 1854.
A year ago the index was 87.6.
Evening star., 1941-04-21
James Edward Schrider
OF Silver Spring Dies

James Edward Schrider, 70, life
long resident of Silver Spring, Md,
died yesterday at Providence Hos
pital after long illness.
Mr.. Schrider, who made his home
at 735 Sligo avenue, was a retired
mechanical engineer. He was a
member of Forest Glen Council,
Knights of Columbus, and the Holy
Name Society at st. Michael's
Church, Silver Spring.
Besides his widow, Mrs. Theresa
L. Schrider, he is survived by a
daughter, Mrs. Theresa Lavinia
Scott of Silver Spring, and seven
sons, Charles Raymond of Chevy
Chase, D. c., and Lawrence B., John
Leroy, James Everett, Thomas H,
Floyd S., Wilton M, all of Silver
Spring. Four sisters, Mrs. Annie
King of Beltsville, Md, and Mrs.
Elizabeth Mcclure, Mrs Emma Jar
Doe and Mrs. Susan Pyles of WASH
ington, and three brothers, Benjamin
Franklin Schrider and John T.
Schrider, both of Silver Spring, and
Thomas Schrider of Washington,
also survive.
Funeral services will be held
ut Q am. Wednesday at st. Michael's
Church, with burial in st. Johns
Cemetery at Forest Glen.
Evening star., 1941-04-21
Catholic AIumnae Hear
Msqr. Patrick Mccormick

More practical and cultural ac-
tivities toward the promotion Of
Latin American relations we're
urged on some $50 Catholic women
yesterday by Msgr Patrick j. Nc
Cormick, vice rector of Catholic
University.
Addressing the District Chapter
of the International Federation of
Catholic Alumnae at their annual
communion breakfast honoring
June graduates of local Catholic
colleges, the vice rector pointed
out that there is nothing in Wash
ington today of more interest TO
our Government than Latin Amer
lean relations"
He predicted that Catholic men
and women will play a major role
in cementing Latin American
friendship and added:
The culture of South America
is predominantly Catholic. The
South American often looks with
suspicion on North America because
he feels from his knowledge of it
that America is chiefly Protestant" 1"
He also recommended that ex-
change students from the other
American republics be sent to
school in Washington as well as to
schools in other sections.
Evening star., 1941-04-21
New Bug Spray Called
Harmless to Bees

Deadly to apple worms, but harm
less to bees, are advantages claimed
for a new poison-spray material,
phenothiazine, now being tested by
the United States Department Of
Agriculture, reports Scientific Amer
lean. The discovery is the subject
of a joint report by L. M. Bertholf
of the Bureau of Entomology and
Plant Quarantine and j. E. Pilson
of Western Maryland College.
One of the problems involved in
control of the worst of apple
enemies, codling moth Whose larvae
are the worms" found in apples is
the deadliness to bees of arsenical
sprays commonly used. Beekeepers
and orchardists constantly debate
this question.
In the tests reported, bees were
given heavy doses of phenothiazine
without any apparent i'll effects. In
contrast, tiny doses of calcium
arsenate proved deadly, and lead
arsenate was also an active bee
poison in the doses bees are likely
to get in gathering pollen from
sprayed orchards.
Evening star., 1941-04-21
+. A. R. Board Blocks
Education Program
On Governments
Group Isn't Eager
To Compare American
With Foreign Forms

Liberal proposals by william
Berner. 10, new president of the
National Society of the Children
of the American Revolution, to turn
the organization into a national in
formation booth on American and
foreign governments received set
back in his first junior board meet
ing today.
Board members were anxious to
undertake program making peo-
pie really understand our Govern
ment." But they were not so eager
to supply information permitting
comparison of American with to-
talitarian governments.
Instead of a broad educational
policy, therefore, Mr.. Berner said,
his organization will conine itself
to teaching the youth of America
the ms and outs of their own in
stitutionS.
Mr.. Berner's second proposal,
made Saturday after stormy cleo
ton which catapulted him into
Office, was to turn his Junior board
from an executive convenience into
an authoritative body. This sug-
gestion was more cordially received
by board members at their first
meeting yesterday and as a first
step forward junior board bylaws
are already being drawn up. Carl
Stark of Virginia is chairman Of
the Bylaws Committee.
Restoration Work Favored.
Third major policy of Mr.. Berner,
which received enthusiastic support
from delegates attending the last
session of the four-day convention
at Continental Memorial Hall today,
was to complete restoration of a
room in Moore House, Yorktown,
Va.
Delegates were told in a report of
membership chairmen from various
States that babies as young as an
hour and Is minutes old had been
entered on the C. A. r. rolls.
A native Indian, Mrs. Ruth Bron-
son of the Bureau of Indian Affairs,
told delegates that several young
Indian doctors, unable to finish their
training, had been supplied c. A. R.
scholarship funds.
Mrs. John Morrison Kerr, retiring
national president, gave a report on
her years activities.
Delegates spent yesterday attend
ing services at three churches, me-
mortal sedvices at Christ Church,
Alexandria, Va, and in the Old
Presbyterian Meeting House Church
yard in the morning, and evensong
service in Washington Cathedral.
They also toured Mount Vernon,
stopping at Godsby's Tavern on the
way back.