davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Good News 70 Banks

Good news 10 hanks and mort
gage firms handling FILA mort.
cages is the announcement that
inc fedora agency VIII not require
bombed properties 10 be put into
first class condition for acceptance
IN exchange for mortgage inSm
srcc
This cfi-overlookod provision ~
ire ac' provides that before 4
mortgage lrm can cOlleC' tho in-
surance NJ 4 property default lhe
property must be transferred 70
tne FHA m a condition 'undam
aged hv fre. earthquake food
forns 30 or waste
Although damage from thu
bombs does not CONF ltdeg 'hr
waste prov98n M FHA ha,
ruled that any dapAko from 20.
tJ.iinc FIRE must be repaired.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Trade Activity
Exceeds Normal
By Wide Margin
I94I Record Output
Seen Topped Next
Year by 10 Per Cent

NEW YORK. Dec. 81. PrOduc-
ton of manufactured goods during
the first 10 months was 81 per
cent larger than in tho same period
last year according TO the Alex
ander Hamilton Institute. This
means that the annual output IN
19ll will exceed tho previous high
record output in 1910 by wide
margin
A further expansion in manu-
featuring activity is IN prospect
for 1912. II is probable that the
annual output next year will be
al least 10 per cent larger than
The record high output of 19il.
In order To exceed the 1871 out
put by 10 per cent, production IN
1912 will need 10 he al only a
slightly higher rate than IN 0e-
tobcr this year.
In addition 10 tho record large
quantity Of goods produced in Oc-
tobcr. the prices of manufactured
goods reached new high level
for the war period The price in
dcN. on the basis OF 1935-l939 as
100. rose TO 1884 in October from
ll21 in September and from go
in the prewar month Of August,
1899 Prices in October were thus
1877 per cent above tho preWar
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
On the
Business
Front
BY WARD SCHULTZ
nstfoii Times financial ditnr

TIE Guaranty Trusi Company 8
current monthly business survey
offers No inside information on
what s sorc 20 happen 70 you or
YOUR business bar II does offer a
calm and thoughtful analysis ~
current events and what thcA
promise for the future
You can thank tie Lord for the
lend-lcsSe program hecauSe 10 vas
that and That alone which snapped
tins nation out Of ais armament
lethargy The survey states fatlN
that nrevo4S mar>hahnE OF our
defense resources resulted m our
heirc so prepared that the out
break of the war proW SOS merely
III accricratlon Of tho existing
trend
50 We have come 2 long way
ALREADY. bar there arc man>
changes >t.ll n store For example.
as regards ptlce SfablhfS. lhere has
been no action on either wages or
farm prices and tho Guaranty OK
perts apparently feel that some
acnon here is inevitable
Labor current attitude toward
strikes comes IN for praise bur the
question Is raised # TT how long
!, VIII last and whether tho gov
eminent VIII ne forced 10 adopt
new regulations.
As 10 foreign trade. expansion
due 10 war requirements has been
offset by Shrinkaee IN other dircc-
tions IN =. greater degree than IN
domestic business But Tins was
largely true before e.-tfF-- entry into
the var So that tho situation here
is little changed recently
While the task Of winning the
war is tremendous one. the
American people possess three
great advantages, according 10 tho
survey.
They know what they're fighting
for they are united people and
they are keeping their heads.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Nature Kind 10 Us

Nature has been peculiarly kind
20 Us. YES
But our leaders in various divi-
sions Of the food industry are en-
Titled 20 credit for having con-
Quoted intelligent research on
far Va,tcr scale than Instituted in
any other land
Things don't just happen.
They have To he made Ia hap
pen.
In this time Of stress strain,
peril Nm" public arc developing =
now holtor appreciation Of what
business leaders have contributed
80 winning leadership for Tho
Tinted states m many fields How
hollow how unfair how lniqutous
have been prov cd WaShingtons
hIackou.nC Safeguarding bclt-
Ting of oar 1duSIrlahSts. includ-
TrC rho rr7rS-Of our foremost food
manufacturing and distributing
enterprises.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Foodwise Blessed

How blessed are we foodwise'
This despite past eNertions by the
administration 10 impose scarcity
IN place Of plenty You will recall
the wholesale slaughter Of pigs,
The rigid reductions prescribed IN
crops TO say nothing of the plow-
the growing Of wheat and other
ing under of growing cotton.
Nature providence. call II what
you will has beneficently or
dalned that this land shall have
food IN abundance
Never before were We az well
supplied with the staff Of life
wheat as We are today.
We have despite restrictive quo
taS plenty of corn and other
cereals.
We have no scarcity of butter
or it's twin olcomargarinc
hate mar eseS-tifat "ts
arc able 20 Shlp them across the
Atlantic hy millions Of dozens.
The officially decreed massacre
OF pigs has not praise be!-de-
prVcd Us Of abundant supplies ~
pork ln an ITS forms for our own
use and for export 10 others fight
ing for the defeat of the enemies
of freedom
We arc pionI1fufiy supplied With
milk
We have beef enough and 10
~paro
our wealth ~ pfrcesSed break
fast foods am7Ics every other ma
Iun
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Scrap Situation

The shortage Of iron and steel
scrap looms as greater and
greater threat to our armament
program according 10 steel eX-
perts. The only substitute for the
scrap is pig non and II viii take
time 70 construct new ore carriers
and build furnaces to convert the
ore into pig
The governments calling for n
90 600 O0O-ion production Of steel
IN 1912 and scrap shortage IS the
only barrier
Steel men say the scrap il avail
able in this country If there was
some WAY Of getting II INTO the
proper commercial channels
Be patriotic and sell your old
scrap metal 10 Junk dealer or
give j 10 a charitable organiza-
ton
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
City Refundine

Although II may not he at
tempted until late IN January the
planned refundnG Of the City Of
Detroit looms as one Of the most
important financial transactions in
the near future and has already
reused much attention
The refundIng. aggregating $40
0OO-OOU- would lop off about 81
100000 from the Citv's annual
debt service charges. which cur
reHtly run Sl9OO00O0, by cutting
the rate from Az per cent 70 half
or less
Assuming that market conditions
are favorable the offering is OK
pectcd 10 attract two or more I'M
portant banking syndicates into
Q COfnpefltiOn
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Rise to NeU High

As n result Of the rise IN prices
as we'll as the increase in the
quantity of goods produced, the
value Of goods manufactured IN
October rose TO a new record high
peak. The index of the value of
output advanced Ia 1878 in Octo-
Der from 1923 in September. The
value of factory output in October
exceeded normal by wider mar
Gin than al any previous time IN
history. While the index of the
value of factory output IN October
was 1873 the index of normal
as indicated by farm income, was
only 1851
Despite the fact that the value
of factory output exceeded normal
by such a wide margin there Is no
indication Of reactionary move
mcnt developing The prospect *
that the value OF factory output
will continue 10 he maintained AZ
an ahnormally high figure as the
result of the government $ large
requirements for materials with
which 10 carry on the war
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Sports Hard Hit

one of the first uses for RUB
bcr was for balls that bounce.
natives made them from
the gum they obtained from wild
rubber trees. Today rubber j.
necessary for athletic activities
that play such an important part in
tho daily lives OF Americans.
Footballs. basketballS golf balls,
tennis balls and the SoleS for
shoes used in these games require
rubber.
The government has Indicated
that this kind Of product viii not
be manufactured Questions ot
morale and health are involved
however, and in some quarters il
is felt that production Of such
products may be curtaIled sharply
but not eliminated
Children will have 10 turn tc
new kinds of toys because Of the
war and The rubber reStrlctior
program. Toy balloons Of all kinds
and sizes will disappear for the
time beng Two small companies
near Akron that specialized in
these balloons and other rubber
toys have already closed Oup ri
them employed 20 workers and
the other about 100 Such Rubber
toys as rattleS and tccihnC rings
are not 10 he made Model cars
and airnlancS. bicycles and Scoot.
crS will not be available with rub
nor ttrCc
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Wa|worth Co. Plants
On 7-Day Week Basis

NEW YORK. Dec. -. TO do
their part in the prompt compile
tion Of army, navy and maritime
contracts. plants of Walworth
Company. Incorporated, as well
as the general offices, have gone
on a seven-day week basis, w. p.
HoltOn Jr.. president announced
today. The company,S general Of
fees in New York, its plants al
Boston. Mass, kewanee, Ill. and
GreenShurg, Pa, operated on
Christmas Day. Will work fun
time next Sunday and New Years
Day and continue thereafter on a
fun Seven-day basis as long aS
the emergency exists.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Smaller Earnings

For the people who have invest
meniS IN rubber, the restriction
program Will mean reduced sales
smaller profits and probably a re-
duCtion IN dividends War work
IS OF growing importance and viii
help 10 Offset the loss of rubber
business bat for most companies
II will 60 only part way.
Rubber mon believe war use Of
rubber Will rise over the next few
months 10 at least 5000 tons 50
that total output Of about - 600
tons is Indicated, less than half
the rate IN recent months. This Is
an even greater reduction in pro-
ducuon than appeared probable as
A result of the initial temporary
order issued by OPN.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28

the manufacture Of rubber bands
has been prohibited. In an or
binary year, ) 10 6 million pounds
of crude rubber are used IN this
country to make some 80 billion
rubber bands. Paper clips might
he substituted in many cases but
the supply of them is limited.
Another commonplace ltem-the
pencil will have TO be made wlth-
out rubber craSerS. over 2OOO,OOO
pounds of eraSerS are made in a
normal year 10 equip large share
Of the more than a billion pencils
manufactured
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Yule Gift 70 u. S.

The worlds largest stool mill
gave Uncle sam real Christmas
present
Officials ri the CarneEic-llinois
Sieel Corporation have revealed
that nc - 0oo-mau CHRISTMAS
turn Al tho gigantic Gary work.
turned oui me highest onc-aay s.
production IN ~ history
Although INC actual figures wore
rot released tho company ofa-
Gals estimated that tho mil oper
ated ~ los per cent Of thcorctic9.
capacity last "Wednesday night
insurlng an ali-tlme Wcckit roe
ord too
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
ObjectiUes of Rulers

Even in pcaCe-time tho dis
erection Of the enterpriSiAg
classes in Nali Germany. Fascist
Italy Imperial Japan and So
Wet Russia was Subordinatcd to
tho purposes and oblectivcS Of
political rulers.
If economic analysis is TO apply
alike TO conditions in demo-
cratic United States and the
British Empire and in totali-
tartan nations. il IS necessary
10 develop new universal yard
sticks Bourgeois economies Is
somewhat outmoded in a world
in which colleCtiVlSm has been
in fashion
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
0PM Extends Order
Controlling Zinc

WASHINGTON. Doc - The
priority order controlling diStubu-
tion of ZINC has been extended 10
March 81. 1912 by the Office Of
Z rodUc ton management The
order which requires all prOduc-
erS 10 set aside a monthly pool for
OPM distribution and provides for
ALLEGATION Of the remainder would
have expired December 30.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Returns TO London

Lyman Crane Of Merrill Lynch.
Pierce. Fenner e. Beane tells me
that his father. c. Howard Crane,
the noted architect. has returned
10 London
He took passage on a small
package freighter and when he
was given his passport. they told
him il was the first issued 10 an
American for passage on a bel
ligerant boat.
And incidentally. LymanS boss.
Cyrus King has been illfor several
DAYS
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Market Rallies
Under Lead Of
Tobacco Issues
Gain 10 4 Points on
Cioaret Price Boost;
Steels Also Climb

NEW YORK Doc - GNSl
Tho stock market rallied IN late
dealing, today under the leader
ship 81 tobacco shares. Cams in
The latter ran go points but
changes through tho general list
lNefa modest
.BuNnC IN tohaccoS followed
ncNS American Tobacco had in
creased clCarCt prices The com
pauyS b" stock Spurtod over 4
points while Liggctt & Myers r
and Reynolds b each climbed
about -
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Share Profit
Beech Aircraft Workers TO
Get Half Of Earnings

NEW YORK. Dec. 81 One
half of the profits of Beech Air
craft Corporation IS now being set
aside for participation of employees
under the Beech efficiency incen-
tive plan, which the management
has Just put into effect
OF this amount, 90 per cent is
for hourly paid employees and l0
per cent for salaried employees.
Distribution Of the money will
he made quarterly, based upon the
profits Of the previous fiscal quar-
ter. Hourly paid employees VIII
pro rata according 10
the amount Of their total earn
lngS during the fiscal quarter for
which payment is made
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Utility Places Issue
With Insurance Firms

CHICAGO. Dec. 27.-North-
western Light and Power Com
panv has privately placed an issue
of 81 100000 first mortgage bonds
with a group Of insurance COM
panleS through Harris, Hall & Co.
Proceeds viii be used 10 retire
the company'S outstanding first
b IS per cent bonds, due 1880
which have been called for re-
dominion FehruarY
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Baldwin Orders Hit
II Million in Month

PHILADELPHIA. Dec Y
Dollar value OF consolidated or.
dcrS taken In November by Bald.
win Locomotive Works and sub
salaries. including Midlale Com
panN amounted 10 Sll39l IA
according 10 Charles r. Brlnloy
president This compares with
s. 63957S in October and SAL
OBS $50 IN November. 1910 Book
lngS'for Tho first ] ! months totalcd
Sl63 81 100. against Sl55O27 65s
in the like period OF 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
New Mdgnesite Plant
Underway in Jersey

NEW YORK. Dec. y Con
Struttion OF a new magncSltC
plant Is actively underway at
Cape MAY y. j. for the North
west MagneSite Company, Jointly
owned by lIarbiSon-Walker Re-
fractorleS Company and General
RefraCtorieS Company The com
pany has acquired the CheSrcy
process Of producing synthetic
magneSitc for refractory purposes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Rail Plans toBuy
1900 New Cars

WASIIINGTON Dec - HNSl
The Southern Pacific Company
today applied 10 the interstate
commerce commission for author
ltY 10 lSSue -Si-i2nn0A equip
mont trust certificates in conncc-
ton with purchase of neW equip
mcnt costing 81 Sc. GSl
The money VII he spent FOR
! 500 new freight cars Highest
bid for the issue was that of a
group headed ny the First BOSTON
Company, amounting TO 90 per
cent of par value on a basis of
= ? per cent interest
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Swift 10 Sell Stock
In Sto(kyards Firm

WASHINGTON Dec. - a
plan providing for the sale by
Swift & Co. of controlling stock
holdings in the ST Joseph, Mo.
StockNardS Company TO h c
United SlockyardS Company has
been fled with the Federal Dis
trio, Court IN the District Of CO.
hlmhia
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Loans 10 Brokers
Down 6 Millions

NEW YORK. Doc. y
Loans 70 brokers and dealers in
the week ended December -
totalcd 1913 100000 down $1,000
600 from tho like week q year ago.
Other loans for the purpose Of
or carrying securities
amounted 10 Sl1s. 100000, down
& lOO DDO
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Accountants Institute
Elects DetrOiter

NEW YORK Dec - Elc"-
ton OF Robert y Darrach Detroit
certified public accountant ~ an
associate in tho American iuS'i-
ute ~ Accountants was an
uounccd here today by John l.
Carey. secretary DarrsCh who
is with the Detroit office of Pucc
Watcfhou>c e Co Pcnohsco'
Building IS also 2 member Of tho
Michigan Association of Certified
Public Accountants
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28

theoretical ideas and word pat
tors, which in due course viii
be- adopted by the politicians
and ultimately enacted into
legislation.
Tho placing of vast land areas
under the control of various
brands Of totalItarian govern
mentS tends to make obsolete
tho effort 10 explain modern
economic phenomena IN terms
of mid-victorian classical theory.
II the classical school accu-
ratelY reflected tho realities of
the free enterprise nations in
which they lived. such theories
are unrelated TO the Contcm-
porary development of Statc-iSm.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
United Carbon Net
May Top 81 Share

NEW YORK. Dec -. Aided by
an increased volume Of natural
gas sales and a slight improvement
in tho price of carbon black. the
indications are that net profit of
United Carbon Company for all Of
19il VIII range from 81 10 81 -
a share on the outstanding capital
stock Such a showing would
compare with actually reported
profit Of 81 IS ~ share for 1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Cross Gear Lists
Income Of S24,078

Cross Gear and Machine Com
pany during the first nine months
constituting the 1911 fiScal year
reports a not income Of S2i07S.
after all charges and taxes. Sales
were - per cent over the volume
reported n the nine months ended
SCuf 20 1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
A. N. Kidder Bonus
In j. 5. Bonds, Stamps

NEW YORK. Dec y En-
ploycS who have been with y NJ
klddcr & Company for one year
or moro have been given "A bonus
IN the form Of a So defense bond
Employees with tho firm between
SIN months and a year received
SO IN defense stamps and those
with the firm loss than SIN months
were gwen 81 in stamps.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Stick to the Facts,
Economists Advised
Their Big Job Now Is TO Keep
Government on Right Track
ny MERRILE STANLEY RUkENSER
International News service Economic donusntat

Economic belonging American Economic ASSo
citation members dozen affiliated learned societies fore
gathered New York Saturday to out theoretical HePfntS
for victory the AXIS.
formal topics discussion planned many ago
have rendered obsolete by
ned states the Accordingly, the informal unSchcd
ucd lobby discussions about day realities
more timely and significant.
Dnuhcoa Of Tho lou-daN CONVENTION VIII humorous
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Rubber Shortage
Hurts $4,000 Ways
Industry. Sports, Home Owners
and Children Will All Suffer
By JOHN \. NcWETHY
Wall street journal stan Correspondent

CLEVELAND Dec 27-ThcTe about 10000 ways restricted
q rubber affect normal civilian life
ordinarily take about Is cent of the total But the
goes products of everyday
bathing and SUITS balls (go tennis
squash and the big round for baby.
large proportion products Will be
featured at a will be made very small quantities
he rubber band. is taken for
nlce TO nIhher prnc
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
u. S. Tops in This

Whether y he well-fed Stomachs
which win vars. or whether II now
be industrial prediction and gaSo-
Inc. the United States IN these
and other respects towers above
all other lands
Ceg, 1nt 1871 sy p r Fofhs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28

TIRES: Prohibition az al n Z
sale extended 10 January j. tScc
also autos ahoycJ
TOOLS; Control Of production
and delivery of machine tools OK
Tended indefinitely by supplement
lary urdcr ! TO priority order FL.
NGSTEN: ALLEGATION SNS-
TEN for tungsten tprlorltY order
MO- extended 10 June 50, 1912.
NhNADIUM: Nanadium 10 he
sold only under monthly alloca-
tons ISSUED by prioritie> division
priority order M-23-A). effective
December 20.
WhSTEPAPER OPA announ-
cos two corrections IN the waste
paper price schedule.
NOTE: The above calendar
lists all priority and price orders
ISSUED during the week. The
ljSt does not include advance
announcements Of prospective
ordefS nor informal price pr
curtsiiment agreements not for
naHy embodied IN an order.
Fun text OF the orders can be
obtained from DIVISION Of In
formation. Once for Emergency
Mansge Room 5S2S, Social
Security Building. Wsshns.
fos. ID. e.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Trend Of Sales

sew YORK, Dec p dNs1 Total sales
'o17N
Stock exchange stocAs : $50 ood shares
nrrds s. 0t0 coo
curb eNcnanCe EtncAsl AnS QUO shares
honFs X7n0 Ono
Bis board sales throughout mo DAY.
- 30 ga ta ~ -pU. AS0 900 shares
ID 0O 60 close. $50 400 shares
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28

cause Akron plants have more de-
Tense work than some Of the other
factories. the cut IN employment
there viii probably he less severe.
But for the industry as a whole
some labor observers say that as
many as 5000 workers may have
10 no laid off
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
Morris Plan Corporation /,

America declared a dividend Of -
cents on The 50 par common. pay.
able December 81. 10 stock of
record Dccenbcr 26 This is tho
first dividend on the common
stock since inception of the com
PAW.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
CIVILIAN ORDERS: Orders

/, 1912.
CIVILIAN ORDERS Orders
CARRYING Is priority rating
mus, be accepted 10y producers in
10 unrated orders under
an amendment 10 priorltIcS reCu-
lation 10. / effective December %.
COTTON; Fine goods and
combCd cotton yard prices tied 20
the market price Of raw spot cot
ton tpuce schedule IL, effective
December q
TOu: Limitation ON use Of
lead and I'm foil lpriorltics order
L-25l postponed pending new
Tin limitation Ordcr
HOUSING: Materials for COM
pleuon of dwellings With iound3-
lions IN place October . assured
preference rating orderIP-7l).
Z LEATHER ~ r3dtS and
types may not be- sold snbvo INC
highest price rcgched between
November IS and December S
price schedule Gil. cffccfiF- Do
Ccmber 20
OIL; so Nf W8tcnsIS fm dc
velopment oi ne'Y ol and "a wells
put under control OF the govern
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-12-28
ALLOY IRON MD STEEL;

ALLOY IRON ND STEEL:
Amendments 20 priority ord CT
MIA prohibits producers from
melting alloy iron and steel con.
tanning specified allowing clements
IN specified amounts except 10 tl'
A-l0 orders effective December "a.
AUTOS: Supplementary order
priority order LIB cuts be
ccpber production quota for pas
ecrgcr cars - per cent. January
quo'a ~ per cont also provides
That na now passenger auto may
be- delivered with more than four
now tires Passenger cars and
light trucks sold the army and
navy exempt from the production
quota
BURLtP Bu'ap placed under
complete Allegation system priqr1
IA order MB7A rfpct0e Decent
2fP ~ "
CHEMICALS. .opA ALLOW e
price increases effective january
m s,cfo0r uIfa0oi anl cthSl
'coroI r.ele from c4tn OR
''r."e. o.