davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-07-15
Rail Rate Cut 10 Avert
Scrap Shortage Urged
b. ,he Associated Press.

bN 'f't A>SOG4dlGO fItSSs
DETROIT. July 15.-MemberS of
the Institute OF Scrap Iron and
Steel, Inc, noting that 'loss OF
production at steel mills and
foundries engaged in defense work
is threatened by a shortage of
scrap" urged today the adoption OF
an Advisory Committees recon-
mendations on freight rates as a
step to overcome the shortage,
Louis J. Borinstein of Indianapolis,
president of the institute, said that
between 100000 and 2.500O00 tons
of scrap iron are frozen in the
Middle West because freight rates
are so high it cannot be shipped
TO mills.
The Institutes action was taken at
Its midyear convention here. Copies
of its resolution were forwarded to
William S. knudsen of the Office of
Production Management and Leon
Henderson of the Office of Price Ad-
ministration and Civilian Supply.
The Advisory Committee. which
included representatives Of the scrap
iron and steel and foundry industry
recommended rate of S12 a gross
ton on No. heavy melted scrap iron
in regions west of Iowa. Missouri,
Minnesota, Arkansas and Louisiana.
Evening star., 1941-07-15
Cotton Goods Trade
Awaits Changes in
Price Ceilings
Market ut Stundstill
As Committee Studies
Revision Here
BY the Associated Press.

BY the Associated Press.
NEW YORK, July 15.-The cot
ton goods market was at a stand
still again today, with all attention
focused on Washington. where the
Price Administration Textile Ad-
visory Committee was studying re-
vision of the, ceilings that have
virtually paralyzed trade since
June 80.
The cloth merchants were en-
phatic in their denials Of sellers
strike, saying instead that they
were so confused by the status and
intent of Price Chief Leon Hender-
sons order that they didn't care
transact business.
Henderson himself admits he
doesn't have much authority, ore
mill representative commented. But
we don't know how much of his
order is valid, and how much should
be disregarded."
There was some trade in cloth
constructions not covered b. The
order. One mill reported filling
contracts booked before the order at
the agreed price, regardless of CELL
ingS.
But generally, mills stayed on the
market sidelines, waiting 10 see II
the prices set on six cloth construc-
tions would be revised TO cover
variations III quality and differen-
tials III cost which they say were
disregarded in the original schedule.
Evening star., 1941-07-15
Washington Produce

BUTTER a3 score, tubs, 36'4: 1-pound
prints, 37l4 1.-pound prints, 37a4; 92
score, tubs, 3554: 1-pound prints 36j4;
35 % 1soIe p5s tbs s5 O9R6o BTnts DTns
3514; 14-pound prints, 35s4; 50 score, tubs.
34l5: 1pound prints, 35; l4-pound prints,
35l2; SS score tubs, "a: 1-pound prints,
3412; 14-pound prints, 35.
LIVESTOCk-Calves, IL; spring lambs,
From Agriculture Marketing Service
prices paid net fob. Washington:
EGGS-Market steady. Prices paid for
Federal-State graded eggs received from
grading stations (July 15): whites. U. S.
extras. large, 3412-36, mostly SO: U. S.
extras, mediums, 2s12-3O. mostly 80;
U. S standards, large, 2912-33; U. S.
25-27, mostly 26i2. Browns. U. S. extras,
large, 3312-36, mostly "a; U. S. extras,
medium. %; U. S. standards, large. 2Sl2-
30, mostly 90; U. S standards, mediums,
27-2S. mostly -; U. S. trades, 25-27,
mostly o. For nearby ungraded eggs: Cur
rent receipts whites. %; mixed colors, 25.
LIVE POULTRY-Market steady. Fowl.
colored. all sizes, 1920; No. rs. 1914;
leghorn hens, sll sizes, 1917. BOOSTERS,
1O-12 Chickens Virginia broilers and
fryers all sizes, 1920: No. 2's. 13. Della
ware rocks and crosses broilers and fryers,
all sizes, 1920; No. 2's -. Leghorn
broilers, 17-1s. Turkeys. old toms, l5-l7;
No. rs, -; old hens, 1920; No. 2's, 13.
Evening star., 1941-07-15
Bond Averages
10 LOW-Yield Bonds.
BY the Associated Press

BY the Associated PRESS.
NEW YORK, July l5.-Rail loans
attracted the best following in the
bond market again today and near
the final hour this group showed a
sizable number of gains running
from fractions to point or more.
Corporates generally were uneven,
with some utilities down a little on
moderate offers.
Rails held their advantage be-
cause of broadly favorable trading
sentiment resulting from the steady
increase in carrier revenues since
early in the year.
Gamers included Delaware &
Hudson As. Rock Island general is
of '88. General Steel Castings 5las
Montana Power 3&S. Pittsburgh &
West Virginia loS, Western Mary
land As and Southern Pacific 4 IS
of So
The United States Government
list in the stock exchange continued
to benefit from the so per cent cut
in brokerage commission rates.
which was responsible for a large
expansion in volume on Monday
Prices FOR Treasures were steady.
In the over-the-counter market,
long term Treasures were shade
higher. Foreign loans were inactive
and mixed.
Evening star., 1941-07-15
New York Cotton
BY the Associated Press.

NEW YORK, July 15.-Cotton
scared to new 11-year peaks for
the third consecutive session today.
Continued unfavorable weather
over the belt. increased weevil COM
plants and initiation fears gave i'm
petus to a broad demand for con-
tracts.
Early in the day the March and
May positions pushed through the
16-cents-a-pound level, but heavy
profit taking and Southern selling
forced prices back from the highs.
Some trade sources expressed fears
of possible price-control legislation
establishing ceilings at parity levels,
which were set at 1912 cents.
Late values were 8 to 13 points
higher; July; 1861; December, 1898;
January, 1894, and March, 1903.
Covering by ring traders who sold
earlier and more insistent trade
buying in the final hour lifted prices
to the hest levels of tho dav
Evening star., 1941-07-15
Tampa Water Issue
Is Offered by Group
Special Dispatch TO The Star.

NEW YORK. July 15.-A banking
group headed by Halsey, Stuart &
Co, Inc, is Offering subject to official
award an issue OF S2,000,000 City of
Tampa. Fla, Water Revenue Bonds,
cue serially July l. 1945-1971, in
elusive, for which the group sub
mitted bid of 1OOO1 for bonds of
various coupon rates. representing
net interest cost TO the city OF
1858 per cent.
OF the total, s265,OOO. bearing a
81 per cent coupon and maturing
l945-1952, are priced TO yield 1.25
per cent 10 250 per cent. according
10 maturity; s960,00O, bearing a 234
per cent coupon and maturing 1853
1864, are priced TO yield 2.40 per
cent to 2.65 per cent, and SITS. 900
2l2s. due 1965-1971, are priced to
yield $50 to 265 per cent.
Evening star., 1941-07-15
RegulaI I
Chicago Livestock

CHICAGO, July Is lP ~ S. Dept. Of
AgrlcultureI .-Salable hogs 10000: total
1000. moderately active. strong to Is
higher than Monday S average. top, .G5:
bulk. 1sO"70 pounds II ;}5-hu: most
21O-33o-pound butchers. II On-:}5: smooth
3O0-40O-pound packing sOWS l0I5-5U
generally with 4n0-5OO- pound kinds at
Q.70-1 70.
Salable sheep, l.5OO; total, 5000: SLOW;
few early sales good and choice native
spring lambs 1l25-50: around steady:
with best kinds held al 80 upward. fat
FearllngS and sheep steady.
Salabe cattle 5000. saIable calves. 500:
steer and heifer trade fairly active strong
10 Is higher, choice 300 pound steers
100; next price / ] 90 for l,"5O pounds;
mostly I0.@5-11.5O trade. quality running
largely to good and choice erades; best
Searllngs, ! 80; price also paid for .000-
pound mixed yearluRs most heifers.
l025-1l 80; best ll15: COWS steady;
gamers and cutters largely 5.75-7.25
bulls strong 10 ) higher at 9.5 down;
vealers strong; practical top. 1850, a few
choice above.
Evening star., 1941-07-15
Miscellaneous Markets.

Additional New York markets as COM
piled by the Associated Press:
LEAD-Futures closed ; higher Sales.
100000 pounds. September, 5.70b. No
sales in straits tin futures.
COFFEE-Spot quiet. Santos, No.
1Sl4-I2; Rio; No Z. 3, Cost and f. freigh5, 4
IS at 11s5-l225. :, Santos No. p,
futures closed !, 70 higher Sales = 600 600
DECEMBER y s., Rio No ,,o a. sof futures sdr.
July son; September. 7.sln; Decem-
Der. 1asn.
CRUDE RUBBER-Futures closed 10 to
20 higher Sales No. l. standard 30 con-
tracts. July. 21 1.35b; September, 2l.IO;
December, 2150b; smoked ribbed spot
RAW HIDEs-Futures closed lower
to > higher. Sales, 960.000 pounds. Sep
tember. IA 432b; December, 143ob; Spot
No. / Western light native. cows, 15b.
RAW SILK-Futures closed UNCHANGED
to | higher. Sales; $50 bales; AgsGSJ' oI !
COCOA-Futures closed lower Sales.
2.640 tons. September. 74ob; December
7.51: March, 7.6sn.
Bid Nominal.
Evening star., 1941-07-15
Daily Oil Production
Shows Increase Of
225,330 Barrels
Texas and California
Fields Account for
Most of Gain
BY the Associated Press.

BY the Associated Press.
TULSA, July 15.-Daily crude oil
production in the United States in
creased 225,330 barrels to 3,874,050
for the week ended July II, the Oil
and Gas Journal said today.
Texas production was up 2l6,300
to 1,437 900, with East Texas gaining
1880 to 372,950 California in
creased 32,75O to 647,25O, and the
Rocky Mountain area, $3.50 to
100 $50.
Oklahoma declined 1915 to 414,-
100; Kansas, 1850 to 233 300: Illinois,
2,O55 to 337 ,4O5; Eastern States, 100
to 10000: Louisiana, 9l5 to 3l4,1O5,
and Michigan, 18O to 80 $50.
Evening star., 1941-07-15
Chicago Produce

CHICAGO, July Is LP.-Poultry live,
down, colored, is: White Rock 10; bare
back chickens. 1917; other prices un-
changed
creamery, 93 score, 34a4; 92. 34I4: 9I. "a :
80. 33l2; 80, 3214; SO. 3l'4 other prices
Eggs, receipts, 205O6 weak; fresh
graded f1rstS, local. 25h4; current receipts,
"a 2; other prices UNCHANGED
Potatoes. arrivals. 1l3: on track, 492:
demand good; Western reds and long
whites slightly weaker, Missouri and
Kansas Cobblers firm on best stock; Cali
toTnia long whites, U. s. No. !. 2.35;
and oregon Bliss triumphs, U. S. No. /.
l.10-s5; Idaho long whites, U. S. No. /,
10; Missouri Cobbers. generally
good quality COL .25; Kansas Cobblers,
fair to generally good quality. 7O.1.15.
Evening star., 1941-07-15
Changes Voted
| Continental
Baking Stock
B, the Associated Press.

by lnt ASSOCidteu PTtSS.
WILMINGTON, Del, July Is
Stockholders of the Continental
Baking Co. today approved a
proposal to retire 40 per cent of the
preferred stock and exchange the
present A and B shares for new
common
Under the plan the company will
borrow funds to pay for the preferred
through tenders to be invited at not
more than sos a share. including
all claims for dividends. Each share
of A stock will be exchanged for
three shares of new common and
each B share will be exchanged for
one-tenth of a share of new COM
mon.
Evening star., 1941-07-15
Dry Goods Market

NEW YORK. July Is GP,-Aside from
inquiry for goods TO cover Government
contracts, conditions in the textile dis
trict remained unclaimed today
Mill agents expressed belief the ad-
viSory panel appointed to confer with
o P. A c. S. would take considerable
time to arrive at definite suggestions re-
sarding price ceilings on gray goods.
Rayon piece goods business was re-
strlcted by limited available yardage for
nearby delivery. The Woolen goods trade
was expected shortly TO be IN position to
estimate additional civilian business now
that Government awards have been made.
Evening star., 1941-07-15
New York Suoor

NEW YORK. July Is dP.-Commission
house buying carried world sugar futures
to new season highs today although profit
taking shaded top prices. Late values
were ] 70 212 up; September, 12li7. ana
May I.31.
Domestic futures frmed in absence OF
selling pressure in raws, and prices gained
l to 4 points. September. 25s; March.
2.66
Oferinss of raws were scattered with
current quota sugar held at 55 cents.
Refined remained unchanged.
Futures No. 3 closed to higher.
Evening star., 1941-07-15
Store Sales Increase
In New York Area
3. the Associated Press.

By the Associated Press.
NEW YORK, July 15.-The New
York Federal Reserve Bank reported
today that New York and Brooklyn
department store sales during the
week ended July II we're IA per cent
above the corresponding week Of
1910.
Evening star., 1941-07-15

In bankruptcy or receivershlp. or being
reore aHized under the Bankruptcy Act. OF
securities assumed ty such companies
Rates Of dividends IN the foregoing ia ole
are annual disbursements based on the
last quarterly or semi-annual declaration
Unless otherwise noted special or extra
dividends are not included Also extra or
extras Cash or stock ePaid last year
fPayable in stock gDeclared or paid so
far this year hPayable in Canadian funds.
Z Accumulated dividends paid or declared
this year. WV With warrants. XIV With
out warrants war Warrants sUnIt Of
trading less than 100 shares; sales are
given in full.
Evening star., 1941-07-15
Metal Market

NEW YORK. July j. Cooper
steady; electrolytic. spot, Connecticut VAL
ley, Zoo. export fa.S New York, II 90
1900. Tin barely steady; spot and nearby,
$3.50: forward. 81 ~ 2. Lead steady;
spot New York. 5.S5-9O: East St. Louis.
SO. Zinc steady; East St. Louis. spot
and forward. %. Pig iron, aluminium,
antimony. quicksilver, platinum, Chinese
volframite and domestic scheelite un
changed.
Evening star., 1941-07-15

NEW YORK. July 15.-The Associated
Press weighted wholesale price index OF
35 commodities today declined to So; ~.
Previous day, s9.2l: week ago, $3.50:
la41 1910. 1899. 1855.
Low Low 777.d3 ASA 637S 4144
10o6 average EQUALS l0O.D
Evening star., 1941-07-15
New Orleans Prices

NEW ORLEANS, July is P-Peace
talk and reports that the price ceiling
on cotton goods may be adjusted ad-
Vanced cotton futures over ST per bale
here today. All months made new highs
for the season. Closing prices were firm,
20 to % points net higher
Evening star., 1941-07-15
o4o) 16 OSh

NIH4DI 1b.USb 1b17b
Cottonseed oil closed steady. Bleachable
prime summer yellow and prime crude
unouoted. July; IL .42b; September, IL AZ:
october. II .2Ob; December, 11.17; jan
uary, 11.20b; March, 1l.25b.
Evening star., 1941-07-15
RuiIroud Earnings

CHICAGO, July Is LP.-Railroads re-
porting net earnings today for the month
of May were:
1q4l 1910
c M st p & P S200,4s3' S2,030,120'
Atch Top s Fe 1,sOs.1OO 437.029.
Chi Or Western 1s6,s5s 61,636"
Chi Mr. Western 267,415 636,20Os
met loss,
Evening star., 1941-07-15
2 to 3 HIGHER.
Wool Futures

NEW YORK July Is (Pl.-Wool top
futures finished almost one cent a pound
higher today on short covering and trade
buying, said to be largely price fXing
operations following Mondays large Gov
ernment awards on wooden goods.
Spot houses operated on both sides of
the grease wool futures market. but were
buyers on balance Trade houses switched
October and December at and points
difference
Grease wool futures closed unchanged
to L of a cent higher.
High. Low Last
October 93s 93.6 936b
December 934 q3.3 Q33
Certifcated grease. wool SPOT, 93.1b
Wool top futures closed unchanged TO 8
of a cent higher.
High. Low. Last.
July 1850 1897 l25.0b
October --121.2 1908 i20so
March 1870 1Is.7 11s,7b
,certifcated spot wool tops. 127.on.
Bid. Nominal.
Evening star., 1941-07-15
Dividends Announced

NEW YORK. July l5-Dividends de-
elared-prepared by Fitch Publishing Co ::
Extra.
Pc Stk of Pay
Rate rod. record. able
United Specialties Co. sc S-l2 SIS
Evening star., 1941-07-15
Rubber Futures

NEW YORK, July Is dP.-Crude rubber
September, 81 so bid; March, 21.4O.
Evening star., 1941-07-15
Chicago Stock Market

CHICAGO, July 15-Follow.ns IS the
complete list OF transactions on the CHI
cagu Stock Exchange today:
salesa STOCKS H!eh. Low Close.
Evening star., 1941-07-15

Bleachable cottonseed oil futures closec
II to Il higher. Sales, 115 contracts
September, IL SIS; October, has; Decem-
Der. II Al; January, IL .4Ob
b Bid.
Evening star., 1941-07-15
Baltimore Stocks
srecial Dispatch to The Star.

BALTIMORE. July Is
Sales STOCKS High. Low. Close.
II Arundel Corp 1888 lisa 1854
- Att est In Conn 2594 2534 25'4
13 BALTIC Transit .33 33 .33
30 BALTIC Trans pf-- 2.55 go 2.55
30 Consol Pow com 80 80 50
- Ga SScF Ry I'd pf 9l2 ga 9lz
20 Houston Oil pf vic 81 81 81
Mercantile Trust $50 $50 $50
100 New AmSter Cas- 1874 lSh4 lS4
IS Pa Water & Pow 50 80 81
$40 U Fidel & Guar "A 2354 "a
BONDS.
$4,000 BALTIC TT db As A 39's 32's 39as
800 BALTIC Trans 5s B 1021s 102ls 1021s
Evening star., 1941-07-15
T R E A S U r Y.

FEDERAL FARM MORTGAGE.
IS 1944-49 1911 1911 1871
NEW YORK CITY BONDS.
3S1980 104la 104L l04K
Evening star., 1941-07-15
London Bur Silver

LONDON. July Is LPi-Bar silver, 233sd
NJ ... Equivalent 42.39 cents)
Evening star., 1941-07-15
u. S. Treasury Notes

NEW YORK July Is lP.-Prices
quoted in dollars and thirty-seconds
Evening star., 1941-07-15
New York Bank Stocks

NEW YORK, July 15 lP-NationsI A.
ISOLATION Securities Dealers, Inc
CLOSING quotations.
Evening star., 1941-07-15
EaderaI Farm MortpagP
Commodity Prices

'subiect 10 Federal taxes, but not TO /
State income taxes.
Evening star., 1941-07-15
Government Bonds
Over the Counter

NEW YORK. July - tT .-OveT-the-
counter L. S. Government bonds:
Treasury.
Evening star., 1941-07-15
BONDS ON N. Y. STOCK EXCHANGE

By private wire direct to The star.
Evening star., 1941-07-15
best IeVelS of the daY.

INOIIIIIIdI.
Cottonseed Oil.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-15
Told Dangers
or Initiation

And here is what tho ccono
miStS of the NAM have TO Sa,
about A.:
about six months ago de-
ccmber, l940l, the NAM warned
Of the dangers of imitation. In
the 1910 report of its committee
on study of deprcssions, the
NAM pointed out that 10 years
Of government deficits have been
inflationary by artificially in
creasing the money supply
AT that time, the NAM
pointed out that these deficits
had not resulted 81 far i'm
rapid price rise, because the en-
cessive supply Of money created
by deficit financing had re-
manned relatively idle and also
because We had unused plant
capacity and considerable un-
employment"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-15
Raises, Overtime
Held Responsible

Increased hours the de-
partment says, overtime pay
ments and wage increases were
responsible for the greater pro-
portionate gain In pay rolls than
In employment over the year
interval
I'm April, l94l. the United
States bureau of labor statistics
took a sample of the wage in
crcases granted among about
5000 plants employing over
o,OOO,000 workers. IL found
that the hourly wage rates had
increased by 81, per cent from
the middle of March to the mid
die Of April, this year.
strikes are in progress
throughout the country and
many wage Increases have been
granted since this sample was
taken. II II obvious. therefore,
that pay rolls have been increas-
ing at a rapid rate since the de-
Tense program began about
year ago.
increases In wage rates and
In weekly earnings have, 10 far,
not been reflected In an In.
creased cost of living. The cost
OF living indices are about the
same as they were a year ago.
This means that so far there has
been "A net gain I'm n,trohusi pg
power for wage earners.
MANY believe, however. that
this trend may soon he reversed
and that the increased labor
costs Will soon be reflected In
Increased retail prices which will
lead TO further demands for
wage increases and that we may
soon he caught in an upward
spiral Of prices"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-15
An Unpopular
VieU to Take

This il admittedly an unpop-
ular view 10 take. Many regard
il a. unfair 10 place the RESPONSE
bility for an initiation Mt the
door OF the wage carners but
since the wage carners them
selves will suffer most from in
flatiOn. IL II to their advantage
that they should be aware of
the dangers involved I'm a too
rapid increase in wage rates"
The NAM comedies that this
IS IAN unpopular view TO take
but believes that forewarned is
forearmed
1--WE can all sympathize with
the desire of workers, many of
whom have been unemployed FOR
long periods, TO get pay in
creases at time of apparent
prosperity and of their desire to
spend their newly found income
on goods of which they have
been deprived for long time"
the NAM report stated.
THE department of labor has
just released its statistics for
April. 1871. Compared with
April, 1910. there has been
gain of 2,135,000 In 'non-agri-
cultural employment. The de-
pariment also pointed out that
compared with April last year,
factory employment has in
creased by 1875 per cent while
pay rolls have increased 37.3 per
cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-15
Artificial Prosperity
Manufacturers Report
Tells Initiation Danger
Rise in Pay, Living Cost an Ominous
Sign, NAM Economists Declare
BN WALTER HERMAN
intI News service stan correspondent

NEW YORK June l4.-Every
individual who works for a living
wants more money Every mar
who swings pick, tightenS q
holt or writes pieces for the papers
Us certain that "A dollar or two OF
20 more per week would make
nim q contcntcd man
THE most OminOuS sign Of
coming initiation il the rapid rise
in wage rates." the National AS
ISOLATION of Manufacturers re-
ported today after full study Of
Americas defense effort and its
possible economic effects.
The average man thinks OF a
wage increase in terms of extra
dollars IN his pay envelope Econ
omiStS think of those dollars IN
terms of what they viii buy If
this prosperity is accompanied
by a rising cost of living then II
l> only an artificial prosperity,
more harmful than beneficial.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-15

government II preventing the
competition Of government de-
partments I'm ordering defense
materials. The establishment OF
priOrities tends, to some extent,
10 relieve bottlenecks In the
supply of war materials.
The most ominOus sign Of
coming initiation Is the rapid rise
In wage rates.
sharp increases in wage
rates, i'm combination with con-
tinued deficit financing under
conditions OF a defense economy,
may bring about an upward
spiral Of initiation.
THE familiar spiral II "a fol-
lows; Wage increases lead 10
increased production costs which,
In turn, lead To higher prices
and necessarily to higher living
costs; higher living costs ac-
count for at least IS per cent Of
production costs. Therefore,
substantial rises I'm labor costs
are bound 10 lead 10 price i'm
creases.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-15
Busy Browns
Senator'S Family Read,
for CroDded Days

WASHINGTON, June 14.-Theso
are busy days for Senator ano
Mrs. Prentiss M. Brown.
Their daughter, Barbara, was
graduated Friday night from La
Sale High School in st. Ignace.
Sunday there is to be a Father
Day reunion of the family in
Michigan. Five of seven children
are expected. On Monday. the
senator and Mrs. Brown will OBJ
serve their silver wedding ami
verSary.
Next Wednesday the senator
will celebrate his fifty-second
birthday. After that he plans 10
return TO Washington for work on
the new tax bill. as a member OF
the Senate finance committee.
The family will remain in Mich
igan.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-15
Defense Program,
Increases Spending

The NAM listed the following
factors which, it believed, may sci
in motion the inflationary force,
which have accumulated durinl
the past 10 years
Ia further increase in gov
eminent spending because of the
defense program.
2-Compctition in government
orders for defense materials.
3-An increase of business or
derS either for inventory or plant
expansion in anticipation of com
ing shortages or expected price
advances.
4 Commodity shortages and
production bottleneckS.
5-IncreaSeS in wage rates
due to labor shortages, or union
demands.
s. Psychological factors.
either fear Of currency depreci-
alton or hope of speculative
gains from rising prices, may be-
come sufficiently acute to start
a broad buying movement of
certain commodities and cqui-
ties.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-15
Boys State Sets
9-Ddy Program
Times stan Correspondent

EAST LANSING, June IA
Final arrangements for the fourth
annual Wolverine Boys State will
be completed at a meeting of the
"Forty-ninth States" commission
members and counselor staff here
Monday night, it was announced
today by Carl c. Matheny, presi-
dent.
The nine-day program of the
Boys State is slated to open on
the Michigan State College cam
pus next Thursday with more than
1000 boys from all over Michigan
in attendance. The first delega-
ton. so boys from the Upper PEN
inSula, will arrive here Wednesday.