davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Illinois Branch Banking Ban
Spurs Growth Of Outlaw Units

Of the nation. where branches
are not permitted.
The currency exchanges clear
their own business through
regular banks. Banks find the
business profitable, because
though compensatory deposit
balances are usually insufficient.
the bank charges a service fee
tor sorting the checks, collect
ing the items drawn on other
banks. and for shipment of the
actual currency TO the eX-
changes i'm armored trucks.
In the typical currency OK
change. 90 per cent OF the vol
ume comes from cashing pay
roll checks. Operating like
banks. the exchanges build Up
signature files. When an indi-
Vidual comes for an accommo-
dalton for the first time, care
full effort is made 10 establish
his identity through direct in
quiry through his employer.
through inspection OF social So
curity cards. automobile H.
cenSeS, and other documentary
evidence.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Westinghouse
Bonus Il Pct.

PITTSBURGH, June 17.-Wages
and salaries of employees of the
Westinghouse Electric and Manu-
featuring Company will be adj
justed upward IL per cent this
month in accordance with the
wage and salary plan. under which
the compensation is established
each month in proportion TO the
average earnings in. the preceding
three months. The bonus for May
was also IL per cent.
Based on monthly earnings fig
ures, net profit of Westinghouse
for the five months ended May 81.
was S9,99S 347, after taxes and
charges, equal, under the partici-
pating provisions of the shares. 10
S37 a share on combined 49,
974 shares Of 7 per cent partici-
pating preferred and 1892. 155
shares Of common stock.
This compares with 1892. la
or S31i share on combined
shares in the first five months
OF 1910
May not profit was S2093, 344
against Sl.S36.612 in May. 1910,
and 2277,74O in April, 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Marine News
nErROIr

Up Norfolk cleared 1928 m Mon
DAY Mead arrived $50 Consumers Power
arrived 3;35; Lake Chelan cleared Oj
Britamlube 4:t0 tug Forrest iio,
Mathiott arrived $40 Paul $40, Heron
bay Duluth, Barkhamstesd- Constitution
arrived $50 J. L. Reiss. SD Cyclic
Chief 7:iO; Gleneg. King arrived s.
arrived a:2j Ellwood. Brlcoldoc, 0:i5;
sonora. 1000: Townsend. 1885: r y.
FieuI. 1910 a m. Tuesday, Zephyr
cleared 1915; Vega. 12.4j Crowley.
Louisiana Barge 40 90 arrived IL so.
Sheadle: 3.i5 Shetwin 3:20 Connenut,
, :55. Cambria. 4; Ingalls, arrived $40,
Farrell, % Arcturus I 1898; Dow Chemi-
cal. 80 Snyder Jr., $40 Clemson
8 80; Wyandotte arrived 40; Cowle. $40
DOWN Maine cleared 3 30 y. m. Mon.
day Utica, 3:l5 schwab 3:55 Widener
taafa, $40, Kinney. Dunn Jr, arrived
6:35; Green Island arrived. James MAZDA
cleared 725. Westmount 7.40 Calcite
I IS: Munson. sos Mead cleared. Ferbert,
Z 30; Whitney Cleyco. s:35; Ferris $50
Adams e:35. Norton. 9,5b Consumers
Power cleared 102 Joliej, Macoubrey
10.2a. Fairbairn- Smeaton, II. Cyclic
Brave 1l2o Cletus schneider. 1850,
Hennepin II 10 a IN Tuesday: sylvania
u :20- W 9 Msther 30 Msthiott
cleared. Marquette. IS McGonsNe 2:O5
Fay Brown 25 Kulas , 30 stephenson
Manila, : 49, Gates, $40, Pam schneider
d.35 Budd Brynbsree 5t5 Glenele
cleared Canadian arrived 6.ij' Kinney
cleared % Campbell 1,i0i Tam
pico cleared 10 Fitzgerald. IS Pressure
Isle 40 BarkhaUstead. Constitution
cleared 80 Canadian tleared o., Watt
S.l5, simcchte % r. -. Block, s %.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Forbes
Standard Stocks
Still Selling on
Very Low Level
BY b. C. FORBES

The market value of stocks
dealt in on the New York Stock
Exchange on June l had shriv-
cled more than $4,000, 000, 900
since the first of the year. 10
S37, 1915, 306,000. Since June
opened the trend has been up
wards.
Many security students. in
and out Of Wall Street. had
reached the definite conclusion
some time ago that quotations
for the majority OF common
stocks. as well as for preferreds.
had been pressed down too far.
When the rout of the British
in Greece and the debacle i'm
Crete failed to precipitate liqui-
dalton on large scale and at
declining prices. faith in the in
herent soundness OF the market
spread and strengthened.
Note. too. the calm reception
of Germany's sinking OF United
States ship under circumstances
which Immediately melted fear
that relations between Hitler
and this country were perilously
near the breaking point.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
M. s. RukeySer:

. CHICAGO. June 17-An ef-
fort. which Will doubtless be
successful. is being made in the
Illinois Legislature to bring the
new stale currency exchanges.
or unofficial banks. which have
had 4 mushroom growth IN
Chicago since 1888 under public
supervision
with the dehation Of the
number of banks IN the Chicago
area from 30 m 1929 10 % aS a
result OF The process OF climln7-
ton during the depression. Chi
cacoanS found themselves physi-
callv short Of nearby financial
fsclltieS.
The law ~ the state does not
permit branch banking Ac-
cordingly. IN order 10 MI the
gap. men opened up currency
exchanges throughout the CITY
which charge stated fees for
CaShmC checks and for issuing
So-called money orders. There
are now 800 of them in the Chi
cago metropolitan area. and
they are owned by 50 indi-
vidualS. one OF whom has p
separate locations. They keep
open after banking hours and
otherwise accommodate workers
and others without regular
banking affiliations.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Rated by Earnings

Notwithstanding the June re-
covery. a very large number of
standard stocks are still selling
on an uncommonly lew-lepcl
measured by their earnlngs-to
say nothing of their prospects
for still better earnings.
Indeed, rarely, except during
deep depression, have the shares
OF so many well-known COM
panies been quoted below recent
levels. Scores and scores Of
common stocks are still, after
the recent upturn. selling be-
low $40. including not a few
dividend-payers long regarded as
outright or semi-investment is
sues.
This writer has repeatedly eX-
pressed the opinion that bear
ishness was being overdone -
even taking into account the
dismal taxation outlook.
How the security markets
may act should war come to the
nation is any ones guess. My
guess is that. after tho first
shock. the effect would be far
from fatal. and that sooner
rather than later the general
trend would be upward rather
than seriously downward.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Stock Market
Resumes Rise
In Early Deals

f''Ws '''fss" WV
NEW YORK, June 1.-THE
stock market resumed its ad-
vance today after the backward
ness in the three preceding ses-
sionS.
A feature was a runup OF nearly
; points in Commonwealth and
Southern preferred.
Motor shares rallied from their
recent unsettlement due 10 gov
eminent action on production and
prices. Chrysler gained over a
point and General Motors was up
fractionally.
Westinghouse was another is
sue 10 rise over point.
Steels scored fractional gains,
and a better price trend was APP
parent in coppers and oils. Atchi-
son rose almost a point in the
rails, but Chesapeake and Ohio
was sluggish. Small gains pre-
dominated in aviations and chemi-
Gals.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Unwanted Business

The hanks do not regard them
as competitors, as the banks 90
not want 10 clutter up their
banking floors with mobS of in
dividuals seeking 10 cash small
checks. In fact the So-called
money orders sold are little
more than checks drawn by the
currency exchanges on regular
banks OF which they are de
poSitors.
The fee for caShing a check
runs from 5 To p cents or more.
depending on the amount of the
item.
Apart from the 300 currency
exchanges in the Chicago area.
there are 80 more in the smaller
towns of the state.
Unlike banks. these currency
exchanges. hitherto unregulated,
do not accept deposits or make
loans.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Sees DieseIs in Cars

Possible shortage OF gasoline
because Of defense needs and in
creased taxes may result in the
adoption Of Diesel engines for
passenger cars, according 10 liver
Carlson. an authority on marinei
engines.
Carlson blamed the Diescrs
lack Of smoo,hness In operating
AZ idling speeds as holding back
its wide use on autos. but faced
with tho prospect Of paying 40
10 so cents gallon for gasoline.
he predicted the public would
not be 40 much concerned with
a "purring' motor. The low per-
mile operating cost of Diesel
engines will outweigh the objec-
tons heretofore maintained, he
stated.
The engineer said further re-
finements in design will be
speeded by rising fuel costs and
motorists may see Diesel engines
on passenger cars by 1913.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Pfeiffer Appoints
Distributor Upstate

The Pfeiffer Brewing Company
today announced appointment of
the Citizens Transfer and Storage
Company Of Holland az distributor
for Pfeiffer's beer 10 all retail out
lets in both Allegan and Ottawa
counties. The company is headed
by "Teed" Van camden, former
star Hope College athlete. Sharing
the company management with
him are Hub Boone, secretary
treasurer, and A. A. Boone, vice
president.
Van camden stated that his or
ganization. using the present ware
house and trucking facilities. will
take over distribution Immediately.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Billion Defense Loans
By Commercial Banks

WASHINGTON. June 17.--Com-
mercial banks have loaned total
of 81 .093, 000,00 10 defense manu-
fscturers, according to the OPM.
These advances for plant expan-.
sion or working capital reprc-I
sented about 8 per cent of the
total commercial loans Of the 321
banks included in tho statistical
survey made by OPM's defense
contract service.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Asks Reodiustment

A Washington. ID. c. reader
of this column as il appears in
the Chicago Herald-American,
asks.
"If prices are to be fixed, don't
YOU think the disparity between
cotton prices and mill margins
should be readjusted? Farmers
are the only large group not
receiving special benefits
through federal laws till recent
wears. Cotton would have TO he
IS cents TO enable IL 10 ex-
change for the same quantity
Of manufactured articles IA In
19O9-l3. The present price Is
not fair when cloth prices and
other prices are advancing"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Newspaper Ads
Up 6.3 Per Cent

CHICAGO. June 17.-Retail diss
play advertising IN the daily news
papers OF 50 major cities totaled
22.O5S.372 lines during the week
ended June 7. an increase 70 63
PER cent over the 20 IA 660 lines
carried during-~t3e corresponding
week 81 last year according 10 an
analysis released today by Adver-
Using Age. national advertising
newspaper.
This marked the twelfth con-
SecutiVe week IN which retail
newspaper advertising mas cN.
cceded the corresponding week OF
la>f Nrar
Foi fhe 1l-wcek period since the.
hegnrr- 1. f8e year. retail news
psbor a5. cFiiang in toe measured
cities has ioa'ed ~ ar 2S5 lige,.
Increase ot 81 Ser cent over
last year when i53 6i6.66i lines
were carried during the same 81
week pcrod
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Explains Costs
As Against
Food Prices
By LEWIS HANEY

Professor 81 Econouies, y \. university
4 Los angeles reader writes;
"Maybe I am pretty dumb, hut
I can't fferse-~aut What Won
mean when YOU SAy<f1lai living
costs have risen only ~ per
cent. and retail prices sLoGt> )
per cent while the paper says
commodity prices are up ~ per
cent. lOu say prices should ne
raised 10 encourage enterprise.
hut the paper says earnings OF
AL selected corporations were
10 per cent above the first quar-
ter Of last year
Answer: THIS is whore train
ing in statistics and economies
helps I couldn't tell YOU how 10
90 your lob bat work with fig
urcs IS my job.
First. the prices that arc up
70 per cent are wholesale prices.
Wholesale prices always move
sooner and by larger percentages
than retail prices. Living costs
contain house rent. fuel and
other items which 8Ie not in
cludcd in retail prices. Thus
the three are different IN nature.
Second. wages should be COM
pared with living costs and re-
tail prices. SO - per cent IN
crease In wages is high
Third the AL corporations
are selected. They are only
small part Of all corporations,
and include most Of the more
prosperous ones. The big prob
lem today Is 10 get increased
output from the less prosperous,
or marginal concerns. which
arc not included. In order 10 do
this we have 20 let the Others get
higher profits. Then We take
the profits away by the excess
profits tax
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Talks on Craftsmen

The role Of tho draftsman In
defense planning and some OF
the problems confronting the
young engineer about 10 take
his place in industry are mapped
in an address 10 be delivered by
A. J. AltZ. chief craftsman for
Chevrolet before the annual ma
tional convention of the Society
for the Promotion OF Engineer
ing Education. Tho speech viii
he highlight of the organika-
tons conference in Ann Arbor
June 20.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Different Today

Even in 1897 the total value
of shares listed on the New
York Stock Exchange reached
as high as S62. 6l7.74l 600. At
the 1929 peak the figure was
SS9, 6SS. 277 900. fantastic, of
course. as this writer, and count
less others. clearly recognized
and repeatedly predicted the
most violent collapse in the ma
tons history.
II IL different today.
Nothing is on a more Debated
basis than the stocks of most
OF our strongly established buSi-
ness enterprises.
Not only so. but II initiation
should, for any reason-or lack
of reason-become at all ram
pant. the ownership of equity
securities would be less perilous
than most possessions outside OF
real estate.
But. as Wall Street often re-
marks, You never can tell.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Nash Sales Set Mark

Retail sales OF Nash cars
throughout the United States
during May were moro than
double sales for that month n
year ago. II was reported by
w. A. Blees. general sales man
ager, Nash Motors.
May was one Of the biggest
sales months on the companys
record books. nc said, with de-
liveries totaling 12.137 units.
This was n gain Of lis per cent
over the 5,6l5 units sold during
May. 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Auto
Graphs
Engineers Solve
Problem of Sfefic
Generated by Tires

Tire and automotive englneersV
have at last solved the problem
of static electricity generated by
friction of moving parts.
Both the B. +. Goodrich COM
pany and the United States Rub
Der Company have announced
such discoveries. The Goodrich
Company has industrial tires
made with a rubber compound
with million times the cleo
trical conductivity OF tires made
OF ordinary rubber. The United
States Rubber's discovery Is n
powder which eliminates all
radio static interference and
static shock.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Detroit Produce

: APPLIES MtCniEdn. - -iuCU minimum
IT, $. No. bu crates Northern spys
81 2bn 50. steele Reds. 81 50
/ AVOCADOS California hats l2s 81 so
/ ii2 Os. si.7bn225.
I BEANS Maryland hi hampers. Bounti
lfuls. Si.A0a 30. mostly 81 80 Black Val
quality - 2512 so; North Carolina bt
hampers. Valentines ordinary 20 fair quail,
NY xl.50a2 5-peck hamper wsx beans
fair quality, IS, 5-peck hamper Bount'
CANTALoUPEs -- California Imperial
Valley jumbo crates ais 81 15d325;
Jumbo Sos. Sf101425; ARIZONA jumbo
crates 3ss. "a. i5di.50. jumbo ass, $3.50
N,7,. standard ass Si.15a425, Florida
crates ass. 81 so 26s 50.
CARROTS Los Angeles crates 6-dot
punches; California 50 l5g 3.25. few high
as $500; Arizona, 1925
CAULiFLoWER Washington pony
crates. rs and larger 81 S0ni.55
CELERY Florida. i6-Inch crates,
trimmed tops, individually washed. Golden
Heart. i-doz. 50 rs: 6s and As, S2a2 so:
los S2d2.50 fair quality, si.5Oni rs:
l2s, XNs. N.25U2 Michigan. flats. 81;
-doI punches. IS q s0c
CORN Alabama crates White. s-doz.
including some fair condition, wormy.
81. f0ntf0
cUCuMBERs Field grown. bu basket.
South Carolina fancy processed, 2.25a
81 so; choice 81 50U2 large size slicers
y
generally good quality s2m225 choice
fair quality. sl.25a 100. Louisiana bu
basket, choice ordinary 10 fair quality.
~ n so: pickles ana dill. S2a225
LETTCCE-Los Angeles crates Iceberg
type, California Salinas. 5-doz. Si.25a
100; 4-doE. 81: Washington 5-doz. s4a
500. few sales as low az ~. so; 4-dor,
50 30 q 3 u.s. few low as $3.50 Idaho 8.
dog So 75@ %; 4-doz. S375,
oNlONs-Texas 5O-lb sacks u g. No
| RprmIdaa
ZION s3e5gs'75 u s comm. $3.50:
~. :. No. | Crystal White WAX. S4H425.
fair condition. s375: y. $ comm. 50 30
10 Cal,iorn'a bo.lo. sacks, Z. $. No.
POTATOES Old stock: Ioo-lb sacks.
" 5 No. ! Idaho Russet Purbanks S235
- so mostly s2t5 unwashed 81 2oa
z ~! l0-lb. sacks Russei Bufbanks. 27e:
~ 49, Michigan L s No Russet
Rurals. 81 15Hi 40; r. s. No Chlppe
was, 30, New STOCK i00-lh sacks.
Aleosma y. s. No / washed Triumphs.
" - p ? 30 mostly 81 80. unwashed t2a
225i s No 1 washed Long whites
81 2aH2 so a. 9. comm. 81 SIS Cali.
fornia Y 8. No. I washed Long whites
=. eog2 % smos,ly, s2.eo.2 s5; North
50 2592ga. Louisiana q = No. un.
washed Long whites S202la. Texas
IL. S No. : unWashcd Triumphs S2n2l0
PEACHES Georgia half bu bask l. =
~, hetnh- 20 -lnCh ana up VI 90
70 60 inch min SiiOaI3O
TOMATOES -- Reuaeks lO.lb cartons
500. rcpacked lugs 81 75Di. 50. OHIO hot
house. s.lh bask mediums 10 eOc
lsrse size zoe: small sire, 65G zoe Texas
loriginal lugs U. S. No. | green. ripe and
Iturning, wrapped, ss6 an dlarger. 81 80,
l6x7, Al JO9i a.: INT. si25.
WATERMELONs--F Florida Dixie Bellies
I2s.ib. ave. Csc: 3032-lb. 500 55c; 3i-lb.
soc Tom Wa'sons. 26-ib., - n soc: -.
III as y zoe. Cuhan Queens no. 20 IN AZ
% &c: PAID, 37i4 a t0o: 2e.lb.. 45c.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
No Evidence

Answer. king up your
poi5i, in order would say:
~ There is YET no evidence
that general price-fiXing is being
adopted
t2) There Is no reason why
the raw cotton price and the
margin between cotton and
cloth should be the same or
move parallel 10 one another
The present situation Is due 10
two facts: There is a great
overSupply of raw cotton which
is held at prices that are very
high on a free supply -and-de-
mand basis. There Is a short
age of cotton goods, chiefly due
10 huge increases in military
and industrial orders. both
conditions are the result of
government interferencel. IN
der these circumstances, cotton
should he cheap 10 encourage
production: and cloth should be
relatively dear, TO encourage its
production.
If cotton were cheap. mill
prices would be lower, and mill
margins would not be so large.
TIE fact is that the boosting Of
cotton prices by the government
touched of forward buying Of
cotton goods. To this, is TO be
added the rush Of government
buying Of goods. You must re-
member. too. that 10 get the
large increase In goods output
high-cost spindle and loom oper-
alton is required. which makes
high goods prices and margins
ppcpSCaTXs
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
{. F. laughIin Joins
Mortgage & Contract

Charles r. Laughlin, who since
1928 has been president OF the {.
r. Laughlin Mortgage Company OF
Detroit. has joined the Mortgage
and Contract Company as special
mortgage representative. II is an
nounced by Walter Gehrke, presi-
dent Of that company. Expansion
lof the Mortgage and Contract
Companys staff is made necessary
by increasing volume and by the
present business activity il was
explained.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Blow Dust Into Tubes

Goodrich tests showed that
where industrial trucks or tFac-
tors operate on floors OF cement,
brick, stone or metal the new
tires continually dissipate the
static electricity. The product.
called tho conductor industrial
tires is expected 10 be Of special
value 10 plants engaged in maxi
ing inflammable or explosive
materials.
The United States Rubber
powder is blown into each tube
and one tablespoon apiece is Suf-
ficent 10 neutraliZe the static in
any make of radio over any type
OF road surface.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17

New YORK and wholesale ronisrrous
metal quotations supplied hy Federated
Metals division Detroit, spot % per cent
tin. nominal New YutE W i2b future vin.
81 as. lake grade copper delivered Md
west IL eiectfoly'ic spot. smedgr i2T
" so: casing coppef ~ q 81 Louis lead.
s 70: ST. Louis zine 72h New YORK anti
mony. 1t virgin aluminium, ~.
Tin auist All others active Export COP
per, n; resale, nominal, al 30. fres stsf-
ling exchange. si03h.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Shift Prescott Lille

Prescott NJ. Little. son If Jos.
eph p Little, who was inducted
into the army in May, has Just
bern transferred from Camp
Grant 10 Scott Field III pri-
waite Little was formerly con-
nectcd with Campbell-Ewald and
ID. p Brother Company. advcr-
Using agencies
He Will be attached 10 the
public relations section at Scott.
Field.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Branches Solution?

For IFS protection against
fraud, the currency exchange.
like the bank. carries a blanket
insurance policy which covers
II against all foreigners in excess
of S25 and also a blanket
fidelity policy covering em-
ploycS. Holdup insurance is
also carried.
The idea has spread TO other
CcntcrS. II seems, however 10
flourish in communities without
a multiplicity of banking Offices
permitted under a branch bank
inc law.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17

Also under the proposed law
the currency exchanges will be
required 10 post performance
bonds. and 10 submit 10 period
state audits.
On peak days before holidays.
these currency exchanges cash
checks for as much as $1,000
900 in the aggregate.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Offer 456,0OO Shares
I0f Gar Wood Today

Offering OF $4,000 shares OF
Gar Wood Industries. Inc, COM
mbn. par value 81. is being made
today by a banking group headed
by Emanuel a. Co and John j.
Bergen and Co, Ltd. AT S475 ! n
share. Other members Of the offer
ing group include Burr e. Co. Van
Alstyne. Noel e. Co. Fcnner and
Beane and Goodbody & Co.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
REGULATION Due

Under The regulatory bill now
pending IN the Legislature. new
locations will be authorized
only on demonstration 10 tho
satisfaction of the auditor Of
public accounts, who superViSeS
banks IN Illinois. that public
convenience warrants them.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Cut Out Fevors

~ Farmers have long had
federal benefits such as railway
rate determinations But why
have two wrongs? Why not cut
all determinations and special
government favorS?
tf) There Is no reason why
cotton Tor anything clsel should
be held az q constant price rcla-
ton 10 other goods The parity
price notion j. plain socialism.
end an attempt 20 ny ia The
face OF economic law
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Ties Champion Father

An apology to Charles T.. VII
son, president Of General Mo-
tors. II was stated in last Fri
days Father Day COLUMN that
he is the father Of threeihildrcn.
As matter OF fact. the en-
chief ties Paul Hoffman az
Studebaker AS the champion
father OF the motor industry.
lie has SIX offspring three boys
and three girls.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
'Pay-or Leave EN-

The following has been pre-
pared, not with the slightest at
tempt to appraise the merits Of
the issues enumerated. but TO
show how low have fallen the
shares of well-known companies.
PAY your money and take your
choice"-or leave 'em alone.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-17
Without Fanfare

Just as branch banking de-
-veloped in California, so this
new phenomenon has taken
form without much public at
tentlon in the second metropolis