davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-08-19
Foreign Exchange

NEW YORK. Aug. 10 [P.-Noon foreign
exchange rates follow (Great Britain in
dollars, others in cents):
Canada-Official Canadian Control
Board rates for U. s. dollars: buying, 10
per cent premium; selling. II per cent
premium: equivalent to discounts on Ca
madam dollars in New York of buying,
9.91 per cent; selling. 900 per cent.
Canadian dollar in New York open mar
ket. 10is per cent discount or se.06A
u. s. cents.
Europe-Great Britain. official Bankers
Foreign Exchange Committee rates). buy
ing. S4.O2; selling. S4.04: open market.
Cables. 81 03h
Latin Notwithstanding. official.
90 II: free, 1855; Brazil. official. 6.06n;
free 5 ION: Mexico, 20.70n.
Far East-Hong Kong, 1884; down .01
cent; Shanghai SIT: down 20 cent.
{Rates in spot cables unless otherwise
indicatedD.
nNominal
Evening star., 1941-08-19
Dry Goods Market

NEW YORK, Aug. 10 0P.-Woolen
hosiery mills today were reported actively
engaged on orders for their regular trade
for the fall season. Bids were scheduled
to be opened today at the Philadelphia
quartermaster depot on 100000 pairs
Of cotton and wool socks Many under
replace sold out stocks of needy customers
Little activity occurred in Worth Street
despite a continued active demand. A
the Government to reduce their productive
capacity by 25 per cent for the manufac-
ture Of material essential for defense
needs
Rayon dealings remained light.
Evening star., 1941-08-19
RoiIroud Revenues Up
30% Over Year Aqo
By the Associated Press.

By the Associated Press.
Preliminary reports from 80 class /
railroads to the Association of Amer
ican Railroads show their operating
revenues during July Appropriated
1887. .086 900, or 30.S per cent above
the 1896 ,031 900 in the same month
year ago.
The association said the reports
represented 800 per cent of the total
operating revenues of the 1873 car
riers in the Nation.
The figures included freight rev.
enues of 1922 Isl 900 and passenger
revenues of $38,407 900, compared
with $24l 1854, 900 and 331 288, 900, re-
spectively, for July, 1910.
Evening star., 1941-08-19
1941 National Income
Expected 10 Exceed
90 Billions
Prediction Contrasts
With 80 Billions
OF 1929 Boom
sp,,,al Dispatch to The Star.

Spsftal Dispatch 10 The 6tar.
NEW YORK, Aug. 19.-Advancing
for the fourth consecutive month,
the national income produced In the
United States rose in June to new
high peak for the current move
ment, according to the Alexander
Hamilton Institute.
The national income in June
amounted to $4,000, 900 900, as COM
pared with 1903 900 900 in May and
with the 1910 high of 1888 ,000, 900
last October. The national income
in June was 1874 per cent larger
than In the corresponding month
last year, when it amounted to
IS .926, 600, 900.
Preliminary information indicates
that the national income showed a
further expansion in July. Prices
continued their upward trend, there
was seasonal increase in the ship
ments OF farm products and indus
trial activity was well maintained.
The outlook Is that the national
income will continue to rise until
the usual seasonal curtailment in
the shipments of agricultural prod
ucts occurs In November.
This prospective expansion indi-
Gates that the national income dur
ing the last half CT 1941 will be
larger than during the first half.
The national income during the first
six months amounted to $43, ,642, 900, :
900, as against s34, $50, 900 900 in the
corresponding period last year, an
increase of 26.4 per cent.
If the expected expansion occurs
during the last half of this year,
the annual national income in 194i
may exceed 500 600, ,O0O, 900, as COM
pared with $76,035 900, 900 in 1910.
The national income this year will
thus be considerably larger than in
the predepression year Of 1929, when
it amounted to $83 1855 ,000, 900.
Evening star., 1941-08-19
Boston Wool Market

BOSTON, Aug. 1a CP Omitted States
Department of Asriculture Trade was
mostly slow in the Boston wool market to-
day. A few grades were receiving a de-
mand for moderate quantities. Combing
one-quarter blood bright fleece woods were
moving occasionally at 45-47 cents in the
grease. Combing one-Qusrter blood ter
rltory woods also were receiving some de-
mand at s5-S7 cents, secured bas SIS
Graded French combing length. nne ter
ritory woods. were moving occasionally,
mostly at 103-1.05, secured basis.
Evening star., 1941-08-19

Also extra or extras:
z Declared or paid so far this year.
ePaid last year.
Quotations furnished by National Asso-
citation of Securities Dealers, Inc; which
states they do not necessarily rehsct actual
transactions or frm bids or offers, but
should indicate approximate prices.
Evening star., 1941-08-19
RetuiI Store Sales Rise
For Eleventh Month
Ev the Associated Press.

ST. LOUIS, Aug. 19-For the 18th
consecutive month. the National
Retail Credit Association reported
that collections, credit sales and to-
tai sales of retail stores have in
creased as a result of the national
defense program.
In its monthly analysis for July,
covering 10,874 stores in 80 cities,
the association said average gains
over the same month last year were !:
Collections, Al per cent; credit sales,
10.7 per cent: total sales, 10.2 per
cent.
Evening star., 1941-08-19
Rails Move Higher
In London Market
By the Associated Press,

By the Associated Press.
LONDON, Aug. 1S.-Home rails,
bolstered by rumors Of modified
government plans for operations,
moved higher again today and closed
at top prices.
Other sections Of the stock mar
ket were quiet. Gilt-edged issues
were steady and brewery shares
gained bit but Kafirs edged lower
because of profit-taking In Far
West Rand issues. Oils received
little attention.
Evening star., 1941-08-19
Easing Foreseen Later.

At any rate. steelmen insist that
the urgent call Of defense lines for
their product by all statistical
measures should be only temporary,
with priorities relaxed later on.
They point out that, at the most,
Evening star., 1941-08-19
In the Business World
Essential Steel Needs of Non-Defense Plants
Expected to Be Filled Despite Scarcity
BY PAUL GEsNER and JOHN BECKLEY.
The Stars Special News Service.

1scivian goods industries have diiculy
months informed circles
lines will
operations
Finished 100000 month
there during final months
defense much cent of this finished metal
leaving civilian
system of
the MS full prioies said
Evening star., 1941-08-19
Job Shifts Expected.

Workers: Employment disloca-
tions may be in the cards during
the next few months in many in
dustrial cities.
Around 175,000 silk workers may
have to bide their time while mills
adjust machinery for handling cot
ton and synthetic threads as the
result of the Government COM
Wandering of silk supplies.
The gasoline distribution industry
in the East, employing upwards of
10000 men, may have a temporary
share -the-work period if rationing
comes this autumn-an employment
problem that will continue until
new supply lines are developed to
replace tankers put in defense and
aid to Britain service.
The biggest dislocations. however,
are due among automobile and other
industrial workers shifted from
peacetime to defense jobs.
In addition, scores of education
al workers-expert machinists at
aircraft plants-may have to pack
up and go to the new Midwestern
airplane motor and assembly fac
tories to train transferred auto
workers in aircraft building skills.
Evening star., 1941-08-19

Not quoted By sponsors q lssuerS
Quotat tions furnished BY NationA Asso-
states they do not necessarily reflect actual
transactions or Arm bids or offers, but
less otherwise indicated are as quoted BY
tn. sr-n-ors or isrurrs l.
Evening star., 1941-08-19

More than 500 plays have been
written and produced in unoccupied
China since the Japanese invasion
began.
Evening star., 1941-08-19

South Africa took It's is41 census
in one night. =
Evening star., 1941-08-19

defense steel requirements for the
coming IL months appear to be only
10000, 900 tons.
The industry, with present facili-
ties, can turn out around $4,000 900
tons in a year.
Statistically this should leave ap-
proximately 100000 tons of metal
for civilian needs, or around 81 per
cent below the 66,000,000 regarded
as normal for civilian uses in a
peacetime year.
Evening star., 1941-08-19
Rubber Consumption Falls
1870 From June to July
By the Associated Press.

BY the Associated Press.
NEW YORK. Aug. ia decline
of 191 per cent in crude rubber
consumption from June to July, as
a result of the conservation order
issued by the o. P. M. was reported
today by the Rubber Manufacturers
Association, Inc.
July consumption was 1858 long
tons, compared with the record
June figure of 84,9l2 tons. July,
however, was 42 per cent higher
than the 48,354 tons used in the
like 1910 month.
Gross imports in July totaled
97081 tons. 50.3 per cent above June
and 3e.5 per cent above July. 1910.
Total domestic stocks, including
Government reserves of 218,844 tons,
were 395, 5,2l6 tons on July 81, figure
165 per cent above June and 1875
per cent above July 81, 1910. Gov
eminent reserves we're 62 per cent
above June 80
Stocks afoat for United States
ports on July 81 totaled l32.304 tons.
Reclaimed rubber consumption
during July totaled 21,725 tons,
compared with 22559 in June and
1889 in July, 1940.
Servel, Inc.
Servel, Inc. appliance manu-
facturer, reported today net profit
for the quarter ended July 81 of
s1432 ,298, or 80 cents a common
share, compared with s1.238,498, or
SO cents a share, in the like 1910
period.
Evening star., 1941-08-19
Servel, Inc.
Federal Lund Banks
NEW YORK, Aug. 1e q

London Tin Prices
LONDON. Aug 10 dP-Tin, steady;
spot. s257 SIS bid; s257 los asked: future,
f26O bid: ESQ IS asked.
Evening star., 1941-08-19
Business Loans Up
For 18th Week Due
To Defense Drive
Reserve Board Reports
Increase in Survey Of
l0l Leading Cities

BY the Assc cciated Press.
Business loans of banks, resulting
mostly from the defense program
rose for the 18th consecutive week
in the seven days ended August l3.
The Federal Reserve Board said
that in 10l leading cities, banks
boosted commercial, industrial and
agricultural loans to s59, 900, 900 dur
ing the week. In these cities, this
type of loans reached s6,l46000, 900,
which was 81, 1,685 900 900 more than
year ago.
The largest increase last week was
s35 900 900 in New York City.
The Federal Reserve Boards 101-
city member bank condition state
ment gave the following summary
of assets and liabilities on August
13, together with the increase or
decrease since the previous week
and the corresponding week last
year Tin millions of dollars:
Assets. Current wk, Py, wk Yr ago
Evening star., 1941-08-19
Insurance Stocks

NEW YORK, Aug. 10 LP,.-National
Association OF securities Dealers, Inc.
Evening star., 1941-08-19
Investing Companies

NEW YORK Aug. 10 CPp.-NationaI Az
sociation Securities Dealers, Inc.
Evening star., 1941-08-19

Assets: Current wk Pv. vk. Yr. ago
Loans and invest
ments-total --2s.sl5 lib 4,!53
Loans-total 10,b63 = 66 + 2,lo1
Commercial indus
trial and agri-
culture loans 6l46 : 50 = l,bs5
Open-market pa 49,
Loans to brokers
and dealers in
securities 457 81
Other loans for
purchasing or
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Shortage
Of Oil
.IIiIltelI

NEW YORK. Sept %. BY this
time next year the United States
may be looking hard for enough
petroleum 10 supply its needs. II
the rate Of gain in consumption
shown this approximately
10 per cent over 1910 continues
into next year there may be
trouble.
If, as a good many oil econo-
mists think. domestic use slows
20 a more normal sort of increase
which would be around 6 per
cent-there is not much 10 bother
about provided there is no sharp
squirt in foreign demand
The possibility Ola lack Of oil
is developing not because of any
failure on the part OF the oil
industry 10 keep pace with the
situation, but because of its in
ability 10 obtain certain materials
needed 10 keep exploration and
development work going. These
include. materials for drilling.
such as we'll casing. steel for re-
finery construction and transpor.
tatlon equipment.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Detroit Produce

T~aairr was prht At me Detroit Union
Produce Terminal today IN fresh fruits and
vegetables Iccb.rg lettuce was STEADY
oni1ns we're steady potatoes were ABOUT
steady apples were about steady All
stock quoted IS good quality and good con
ditiun unless otherwise stated
APPLES Michigan hu crates MClhtosh.
L : 80 2a-in min. - lO'l 20 .
IN min 81 sOc Vol Riyeres Sin and
up. T1c SHOWS C. : No lin min.
81 30 min. 6Jc J0ua'haus. l. No.
!. pa .iu min. - 10. 3-ln MN. t5n SOC,
2Osoz O. So !. SIN min soc. Indiana
bu baskets SrarkuEs far 20 generally
good quality -lG min 81 iu1 l.. a-in
min Si2J Nsrs and eastern crates De
uci0us. L.. s So. =, 3.tn min 81 So Wash.
iug' "a boxes Red Delicious fancy SIS.
s. 5o 800 fancy ii5s, 81 90, y fanct
ll3s-l3ss 81 90
cRANBFRRIEs -- Massachusetts, y. Dbl
boxes Early Blacks s. -.
CELERY Michigan bcns. ! doz stalks.
LETTUCE Los Angeles crates. iceberg
type, CAN. rnia. salinas -Natsonvile dis
trici > d0z 50 s. 3 So mostly 81 IS.
fair 81 %, Z doz, IS 1op b 90. tsir 50 20.
ONIONS 5O-ib sacks sweet Spanish,
T.. : No. /. BIN and larger Washington.
SI.ZO. Itaho 81 l0H l2a. l.. : No
whites. S. gin and larger, N,65 Michi-
gan. T. :. No / yeuows. $3.50 Gin
and larger. s5c uSi. 2is-in 20 Sin size.
xinl o.. l.. 5 No / whites. TO- 2in
and larger. 81 i0'ii so. 25-ic sacks white
boilers. GOO, 25-lo sacks waite picklers'
81 so.
PEARS California box Bartletts. $3u
20 lug Rartletts i5H325.
PEAS Colorado bu baskets 81 50H2 IS
POTATOES -1uO-lb sacks Idaho Russet
Burbanks. T. 5 80 g. washed, 2i5u
81. mostly s. %. 1u-ln sacks 23c; L :.
Commercials l00-lb SACKS, Si.f5u 90 .
Maine. iOO-lb sacks. T.. 5 No ] katah-
dins. 81 so. i5-B sacks 2sc iOO-lu sacks.
oregon Triumpns. Z -. g. washed. 50
New eIrsey Chppewas T.. No 1. IN
washed 81 so Michigan Cobblers and
Chippewas, l.. :. No. l. unWashcd, 81 Is
"a 40.
PRUNES--t Idaho 1tthu baskets L =
No. /. Italians 81 30 ui 90 mostly 81 35h
40. pyramid boxes x1.JA f5
RUTABAGAs Canada 50-ib sacks g.
u zoe
SWEET POTATOES Bu crates. l.. 5
No. ]. Porto RiCaus Louisiana. 81 SO.
few Si55, Texas 81 a.. Commercial.
Si.25 Tennessee bu hampers Nancy Halls,
Si.25D 49,. Virginia stave barrels jersey
type. L.. S 40 L. So 90.
GRAPES Black Juice, California lUes.
Znfandels % lus, 81 80 i35, % IS,
I.6O = 100.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23

Nelson T, Hicks was reelected
vice president and Cecil Ellington
secretary-treasurer.
The new president came 10 La
Choy IA years ago as sales and
advertising manager. Four years
ago he became vice president ana
general manager.
Previously associated With the
Packard Motor Car Company for
eight years, Jenkins also spent
four years in the advertising
agency business, during which
period he serviced the LaChoy
account. Since his association
WITH LaChoy he has taken an
active part in affairs of the
grocery manufacturing industry,
and today is a members of the
board of directors OF the Associ-
ated Grocery Manufacturers Of
America. Inc. as well as president
of the Chop Suey Manufacturers
Association.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Auto
Graphs
Junk Metal Drive
To Serve Dual
Purpose in Defense
BY SILER FREEMAN

Retaining of metals in
literally millions Of obsolete au-
tomobiles now in junk yards
along the highways and byways
will not only provide valuable
defense material, but will also
rid the country Of conspicuous
eyesores, according 10 Richard
Harfst, general manager. Auto
mobile Club of Michigan
Harfst said that federal
defense agencies are now organ
izing a broad program for con-
verting scrap m etal S into
production channels and the
local AAA Club will cooperate
in calling attention 10 local
automobile graveyards' which
offer valuable materials.
On the basis of reports from
AAA national headquarters, the
club official estimated that
around 100000 junked cars
are now piled up in various
parts Of the country, and will
yield around 100000 tons of
scrap steel. in addition 10 alumni
mum, copper and brass.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
SteeIs, Avidtions
Lead as Market
Moves Ahead

NEW YORK, Sept. 23.-The
stock market moved ahead today
under the lead Of steel and avia-
ton shares. Gains ran 10 a point
at the tops, but these were shades
later by night profit-taking.
Douglas Aircraft was an out
standing performer running up ?
points at one time 10 within a
point OF It's 1871 top. Consolidated
Aircraft Boeing Lockheed and
United Aircraft also chalked up
Sizeable gains.
SteelS were paced by United
States Steel. which moved a point
above last nights closing price.
Bethlehem advanced half as much.
General Motors and Chrysler
were prominent, each climbing
about a point. Case. in the farm
implements, gained as much. In
an active food group National
Dairy reached new high for the
year, while Borden equaled its
best l94l price.
Mail orders. rails. chemicals.
rubbers and oils generally were
m o d erately higher. Coppers
Jagged. Utilities continued soft,
with Consolidated Edison and Pub
lie Service of New Jersey slipped
into new low ground.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Traffic Toll Analyzed

How can cities improve traf-
fic movement and reduce motor
vehicle accidents. How may
drivers be kept from making
mistakes that cause accidents on
the highways? What may be
done 10 reduce congestion and
improve parking facilities?
These are a few Of the numer-
Gus questions involving motor
vehicle transportation discussed
in Traffic Accidents and Con-
gestion." by Maxwell Halsey.
associate director OF the Yale
University Bureau for Street
Traffic Research, just published
by John Wiley a. Sons.
The volume reduces the prob
lem of traffic accidents and
congestion 10 basic principles
and sets forth practical ways in
which a solution 10 the problem
in It's various clements must be
sought.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Farm Auto Statistics

American farmers operate one
sixth Of the nations passenger
car fleet driving 4.73l.159 au-
tomobileS and % per cent of
these vehicles are used for pur-
poses connected with earning a
living
4 new analysis Of driving
show, that of every 100 miles
Travelled the average farm car
puts IN Cos miles on business
trips or in other necessity travel.
Farm car mileage tends 10 be
lower than mileage among au-
tomoblles generally, averaging
only $50 miles a year in a
five-state sample covering 1852
farm cars, as compared with
s139 miles a year for all cars
In the same states.
But the percentage Of eco
nomic use is relatively high
among car owners in this oc-
cupational group, averaging 66.8
per cent of mileage as compared
with 5iS per cent for all cars
surveyed.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Why Do Exhausted Countries Turn 70 New Systems!

Well if the fundamental efficiency of colectvsm against ind
vdualSm why exhausted
turn to different economic systems The is comp
Gated, simple
oil which operate
In and multudes OF
plain citizens know they distress without understanding
clearly sequel troubles Accord
ngy they q mood be vcimized by demagogues who
though they may make scientifically
of the furnish plausible Such
horseback plport offer painless solutions Of economic
muddes solution calls further
ship and sacrifice through thrift and industry seek
the psychological ecs destroyed during
Flooding economic freedom
ousy way promises relating
formula Of colectivzaton appeal.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Admits Need for Reorganization After Collapse

Furthermore where prolonged and initiation have de-
working
plain need for reorganization The hard capital
through producing goods than Will be consumed
But entails pulling the belt Of the individual still
further The coectvrt promise painless through
through fiat OF
In Of the for the future which time
mobilization viii degrees country country
business
should unable
goods
tacual the relation OF tho enterprise the
freedoms They should under
take sell the product but should further and seek
sell public
business
present corporate
profits such that this promoonal job be
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Assumes Government Gets Better Performance

In buner assumption adopts the premise that
administered by politicians and bueaucrats do
things better effectively and economically than ct
themselves public roll
allocate funds wisely United States 80 000
900 American housewives these candid
the aacy tends become all tends
show that wastef rather than frugal
than the
But beyond this the tremendous Of the material we'll
being the people the United States has resulted directly from
the enterprise and initiative OF private modifying workers
and utilizing the creative ideas of science and invention adding
mechanical power productivity of the muscle
In this has not been but has
been part Of the overhead which private productivity has had
TO
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Why War Exhaustion
Paves Way for Socialism
Ruke,yser
BY MERRYLE STANLEY RUKEYsER
Al News Service Economic Comments

Out Of the weer of admonitions concerning dire
economic the central question why
time exhaustion the for socialism.
The superficial implication is that economic coectvsm
braces elements strength which helpful crisis
The idea should be candidly explored
Ii by the British labor leader Bevn and
others that the Great Britain will be different
Unusually there a propaganda
effort the envaged economic model glamo
than the old.
of emotionay
look beyond customary labels the realities
The first faacy lies the that the activities of
likely necessarily socially useful whereas
those of private enterprise anti-social.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Elected 10 Air Council

Charles Froesch, chief en-
ginecr. Eastern Air Lines, has
been elected 20 represent the air
lines on the council OF the In
stltute OF Aeronautical Sciences.
II was announced today by Les
ter ID. Gardner. executive vice
president of the institute.
ForeSch succeeds Ralph Damon.
former air line executive, now
president Of Republic Aircraft
Corporation, who resigned from
the council when his status was
changed from operator 20 manu-
idcturcr.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Motor Products
Has S405,034 Net

Motor Products Corporation re-
ports for the fiscal year ended
June 30, 1871. a net profit of
S405 ,034, after S258,000 reserve for
normal and excess profits taxes,
equal TO Sl.04 common share.
This includes the net profit OF
cofnpany's Canadian branch COM
puted on basis of official rate Of
exchange for the period, but ap-
proximately 100000 of this profit
has not yet been received in the
United States.
Due 10 change Of fiscal period
no comparison with last year il
available.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23

following tn G
annual stoc k
holders meet
ing. J q n X in 5
will continue as
& G n g IA ! man
ager in addition
TO his n c "
duties.
He succeeds
Lee A White,
now chairman
OF the board.
Another promo
ton announced
was that Of X.
II. MacQueen, a
director. 10 a
vice presidency.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
Defense Bond Held
No Initiation Hedge
FIaney
BY LEWIS HANEY
Professor OF Economics. New York University

4 New York City
thinking defense bonds adding
savings account What do advise"
Under conditions advise only enough
poverbal day prudent who Will
should be liquid
readily Saable bonds But should
boarded" done misguided people
The mattress o a hole in the ground
~ price and be
2 readily through they may
be good They yield higher percentage Of
dollar income
that al dollars likely purchasing
prices Therefore should limit them bare
reasonable
Also note That should not regard defense bonds
investment in the business They do assured
purchasing of principal and income 1t duty
contribute support the every
should do his hut don't the idea that such bonds
any hedge against initiation.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-09-23
American Potash and Chemical

Corporation declared a dividend Of
80 cents, payable September %, 10
stock of record September Is.
The previous payment was S225
on Dec is, 1910, prior 10 which
81 was paid in June of that year