davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Squared
Earnings
Top 1910

Squared Company net profit
for the current quarter should at
least equal and perhaps better the
S764.l79 or St.7o A share reported
for the first quarter this year,
This would bring earnings for six
months ending June 30 to upwards
of 81 .525 900, after estimated nor
NAL and excess profits taxes, equal
10 better than $3.50 a share on
common stock. For the first half OF
1910 net progt was S905130 or
S203 a share. after normal taxes
but before provision for excess
profits tax.
The company is calling for re-
demption on June 80. 1871. at
1910 net profit was S9O513 or
dends, 1000 shares of its ) per
cent cumulative 500 par pre-
ferred stock out of the 10000
shares presently outstanding. Re-
tirement is in accordance with the
preferred stock requirement that >
per cent of net profit for preceding
year shall be used 10 call prefe"-
red. Stockholders have until June
% 10 convert their preferred
shares into common on the basis
of 21o for !
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21

~
Few Trade-Ins
On Used Cers Now,
Survey indicates

Fourteen out Of every 100 new
car sales and IS out of every
100 used car sales are clean
deals with no tradc-ins in
VOWED. the National Used Car
Market Report survey of Ameri-
can motorists buying habits
reveals.
This means, according 10 auto
economists, that the car owner
ship lists are expanding and
indicates that sales still have
far 10 60 10 reach the expected
"saturation point"
Putting it another way, g. per
cent of the used cars being
bought by exchanging older cars
and SO per cent Of the new cars
are sold with an older model
traded in, Only 1913 per cent
Of the sales are IN wholesale
lots.
The survey shows that cars
are being traded in oftener than
before and less cash is involved
in the deals because of the fire.
quent exchanges. This is cred
tied 10 the better business con-
diuonS prevailing in the country.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Women in Training

DetroitS second line Of de-
Tense Is well started on its
course Of learning the hows and
why's of the automobile engine.
one hundred and fifty women,
many of them wives. sisters and
daughters of men at work on
the nations defense program,
are meeting every Tuesday in
Convention Hall as members of
the Motor Defense Corps, spon-
sored by Wiilys-Overland.
The school will run for eight
weeks more, and during that
time the women will be taught
all about changing sparkplugs.
resetting timing, adjusting car
buretors and cleaning fuel lines.
Ralph Karr, service expert, is
in charge of the instruction.
Those who complete the 10-week
course will be given certificates
on passing final examinations
attesting to their ability TO
make minor repairs 10 ambu-
lances. trucks, food relief cars,
and other behind the lines
vehicles.
Then Detroit's second line of
defense will be ready for
action.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
See Record Year
For Mi(romdti(

Based on business 10 date and
prospect that capacity operations
will be maintained throughout the
remainder Of 1871. Micromatic
Hone Corporation should have the
best year in It's history, exceeding
last year by about 30 per cent in
both sales and net profit lndl-
Gated sales on this basis would be
approximately 81 500 900 and in
dicated net profit about S270000
or S2l0 share on 1925 shares
of 81 par stock
Operations have been on a "a
hour Six-day week basis since last
July. This has resulted in a steady
increase in volume each quarter,
with new high of 1888 161
reached in the three months ended
March 81 1941
That figure is believed TO rep
resent practical plant capacity.
lDBtAflcI VIII Hti pIoIit Oh eptf-
-6fS reported after federal income
and excess profits taxes. II IS
projected 20 obtain the estimate
for the full year Changes in ma
terialS. labor costs and taxes
could, Of course, affect the years
results somewhat
Operations IN the current quar-
ter arc expected 10 continue on "a
basis comparable with the March
period. CARRYING sales Tor The SIX
months ending June 30 next 10
approximately 81 10000 and net
profit after depreciation interest
federal income and excess profits
taxes. etc, 10 about Sl35,000 or
81 .06 a share.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21

Demonstrations have been made
at Antioch College. in the CO.
operative engineering courses at
the University OF Cincinnati.
and in experimental work at
Bennington College. that voca-
tional and cultural aims can be
fused, and that the combination
OF the two strengthens the edu-
cational process.
This subject is timely now for
parents all owe the land are in
the process of making a choice
of colleges for junior and his
brothers and sisters for next
Fall or the year after In visu-
alizing the probable educational
needs of the coming quarter of
a century, A. d. Henderson,
president of Antioch, recently
pointed out:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Caution Increased

This means that we all have
TO he more careful than ever
with the things we already have
avoiding breakage or undue
wear, protecting materials from
rust or decay, reclaiming and
repairing many of the things we
might otherwise discard, extend
ing the useful life of all mate
rails and supplies. Frequently
we may have to exercise our in
genuity TO get along with sub
stitutes, taking the things that
are procurable and making them
DO the work of the things we
cannot buy.
Here is a problem that chal-
lenges our thinking and plan
ming. II calls for a conservation
of materials campaign that will
run for the duration of the en-
Urgency. IL demands that we
save. save, save; use carefully
what we have: go easy on orders
for new materials: think up new
ways 10 do the old jobs better.
THE need increases as fast a.
do the nations demands on the
markets we have To enter. In
practically every way we con-
serve our own materials we re-
lease something else that may
he vital TO the nation. To do 80
Is more than a privilege--it Is a
duty which we all owe 10 ma
tionaI defense"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Edison S Output
Still Over 1910

Total output Of the Detroit
Edison Company for the week
ended May II was so. 264,000 kilo-,
watt hours, a gain Of 25.8 per cent
over the 90 S03 900 kilowatt hours
of the corresponding week of 1910,
and a fractional decrease from the
previous week total of so, 702,-
900 kilowatt hours.
Industrial output for last week
totaled 40.737 900 kilowatt hours.
a gam of AL per cent over-the
u ST. 900 kilowatt hours of the
corresponding week of 1910 and a
fractional decrease from the pre-
viouS weeks total OF Il 364 900
kilowatt hours
NEW YORK, Nal p Produc-
ton Of electricity by the electric
light and power industry OF the
United States for The week ended
May II was 2.799 10 600 kilowatt
hours, compared with 2,422 2l2,000
in the 1910 week. an increase Of
- 10 t',-;---t-t-t1ii ----eeordlnG 10 the
Edison Electric Institute.
Output in the week ended May
10 was 2,79l 500 900 kllow a tt
hours. again5t , 3S7 500 600 in 1910.
an increase of l69 per cent. and
in the week ended May 3 came 10
2. 734 $50, 900 kilowatt hours. COM
pared with 1856 30 the year
before, an increase of l46 per
cent
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Good Example Set

Something. ough not
enough. is being done by the
government to emphasize the
patriotic Importance of saving
money in order TO buy United
States defense bonds. Tho cX-
ample set by several alertly-
managed companies. by arrang-
ing to make deductions from
each weeks pay for investment
in these securities on the install
ment plan should be universally
followed.
The time will come when
wage-earners will bless manage
ments that thus induced them
to accumulate substantial
nest-egg.
The government has fallen
still farther short of doing
enough 10 drive home 10 labor
the hurtfulness of strikes under
existing emergency conditions.
Neither the administration
nor Congress has moved to
amend the Wagner labor law
along lines designed TO reduce
the number of strikes, strikes
too often sprung without ade-
quate notice, without allowing
opportunity for reaching settle
ments through conferences with
arrangements and federal media
ton. TO say nothing of arbitra-
ton.
Every thinking citizen laments
Interruptions TO preparedness,
yet the highest-ups al Washing
ton have minimized the gravity
of labor walkouts.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Saving Of Materials

In addition to saving money
10 help TO finance the govern
ment's colossal expenditures,
there is another kind of possible
saving by workers which has
been little emphasized. Saving
of materials.
Indeed, there exists a far
more serious bottleneck in vari-
Gus essential materials than in
money. in money the govern
ment can raise.
This timely, vital. largely
neglected fact has been admir-
ably explained by President j.
l.. Beven of the Illinois Central
System. 10 all its employees. Here
is the gist of what has been told
them:
I'VE may have to wait months
for things we could ordinarily
get i'm days or weeks. We can't
pick up things just M we need
them. The list of things hard to
procure will undoubtedly grow
longer As time goes on.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Doaae Truck Changes

Nine new assignments IN the
Dodge truck field organization
have been announced by l.. y.
Cosart, sales manager. In the
Chicago region, L. A. Kennedy
has been named district truck
manager, replacing G.. Millikan,
who has been transferred 10
Peoria. III. as district manager.
Assignments of district truck
managers IN the Kansas City
region follow: Roy Evans, Kan
SaS City district; II w Lynx,
Omaha district and r. - llau>,
Wichita district
The following are district
truck manager assignments IN
the Cincinnati region. W. G..
Meyers and r. c Ripley, Cincin-
natl district Bligh Thompson,
Louisville district and j.. +.
Conlcy. Columbus district
Frederick Vol has been
named district truck manager IN
tho New York region.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21

For the present, however, al
most everything points upward,
and the usual Summer letdown
promises to be notable by its
absence.
The chief drawback lies in
strikes. Not only is there the
coal threat. but. without any
national publicity. one notes in
paragraphs tucked away in the
paper such facts as that a strike
has halted lumber production IN
the Northwest, and that the as
paragus pack of central and
northern California Is 10 be lost
by a cannery strike
The iron and steel industry
will be back above 100 per cent
Of capacity this week. The in
dustry is booked so far ahead
that some producers are reject
ing orders. Even so, however,
orders continue TO exceed pro-
duction. and untitled orders
therefore grow.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Forbes
Workers Find
Defense Bonds
Two-FoId Aid

Judge Gary. when head of the
United States Steel Corporation,
one day told me with great
relish that he had received a
penciled note from an Italian
worker in one steel mill. COM
planning that So-and-so. another
wage Garner. was not doing
enough work. The lctter-writer
who proved TO be an unskilled
laborer-eXplained that he was
subscribing. through the corpo-
ration's plan. for stock and that
he didn't want 10 be gypped by
any Stacker.
This employe, thus revealed
that he felt he had a very prac-
teal interest in the company's
wellbeing.
How can il be most effectively
brought home to all workers
that they have a very practical
interest in the nations wellbeing
at this critical time? How can
il be most impressively brought
home 10 them exactly how they
can help?
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Loadin9s Rising

Railway carloadings are rising
ana shortages OF some kinds ~
equipment are only question Of
time
Wholesale trade is expanding
under the influence Of farm and
labor purchasing power, and re-
tailers fears concerning dellv-
CTIeS
And retail trade Is broadening
out. as warmer weather helps 10
spread the growing purchasing
power OF The successful pressure
groups into fields other than
motor cars and electric Icirg-
orators.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Great Initiative

Life I'm the next quarter
century may not be easy. II
may require great initiative.
resourcefulness. adaptability and
productivity. Yet the educa-
ton Of the past % years gen.
orally has negle cted these
qualities. our children are be-
ing educated i'm the mass. They
go through school in mass
groups with others their own
age, study a generalized cur
riculum, and learn TO play but
not to work.
THE normal drift Of educa-
ton seems always away from
the realities of life. On the col
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Farmer Spending

In addition. the way m which
the government Is handing out
money 10 the farmers is no I'M
important factor. In one way
or another. because OF high
prices for farm products and by
moro direct forms of subsidy
the farmers are going 10 find
helping 10 win the war both
pleasant and profitable-at least
IN the initial stages. Meanwhile,
their spending supports higher
business activity.
Signs are not entirely lacking
that eventually this spending by
the beneficiaries of the defense
program" will be restricted. II
may not be long before ii will
be difficult for laborers and
farmers TO find the desired goods
10 buy. Civilian non-essentials
viii certainly be curtailc d
sharply. For example, not only
is automobile production TO be
cut sharply. but there arc such
cases as that of heat-resistant
glassware. the output of which
is being restricted h the short
age Of borax. which is an i'm
portant material required for its
manufacture.
The time seems likely to come
when belt-tightening and sacri-
fico will no rallad for A Already
purchasing agents in certain non
defense industries are talking of
the possibility of greatly cur
tailed operations which may be
forced this Fall by inability to
get raw materials or parts.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Unlimited Benefits

Similar letters should be sent
10 employees by all business
heads. An enthusiastic nation
wide response would immeasur-
ably aid the nation.
II would also benefit millions
Of long-suffering individuals and
families Of modest means who
have saved money and invested
il IN stocks u
Moreover, it would place many
concerns in a better position
10 treat their workers more
literally.
Copyright 1871. by n c Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Truckers Fight Tax

The American Trucking ASso-
citation is making violent battle
on the treasurys proposal 10
increase the federal gasoline tax
TO 2i2 cents. The association
charges the hike in tax would
mean an additional 500 TO $500
on each motor truck and would
wipe out the slim profit now
being made by the industry.
II was estimated the gas tax
boost would return $255. 100000
annually and Of that the Alta
estimated it would pay $S4,-
600, 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
New Regional Head

Appointment Of II. IL Payne
a. regional manager for the
Dallas region was announced
today by Joseph +. Bayne gen.
eral sales manager Of Plymouth.
Before joining the Plymouth
organization in 1889, Payne was
a sales promotion manager and
assistant zone manager Tor
other leading auto companies IN
Fl 'PaSo and Dallas and IN 1873
he was public safety director for
The AAA in Fl Paso.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Million Get Training

Nearly 100000 workers will
have received skilled training
for defense production in the
vocational and technical schools
throughout the country by July,
according 10 United States Com
missioner of Education John WI
Studebaker.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Detroit Banker Called
To FILA Conference

II Raymond Huffman vice presi-
dent Of the Industrial National
Bank, has been called 10 Wash
lngton with other representatives
of large lending institutions in
United Staies-lor a conference
with officials OF The Federal
Housing Administration 90 discuss
prospective changes and extension
of the FILA Tltlc I Sct.up The
present act eNprsc juno 30.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Prices Hit
W rts.se
Specially Net

CHICAGO Nav p II over
prices on the Thompson machine
gun magazines and cartridge clips
it has been making for the British
and American armies will prob
ably reduce third fiscal quarter
profit of United SpecialtieS Com
pany TO around Sta share on its
$4,000 shares of common stock
from the S229, 734. or 81 81 share
of the three months ended Febru-
airy %
A further drop is likely in the
final quarter of the fiscal year If
shipments of automotive parts fol
low the usual pattern of the model
change-over period. Such ship
ments. which reached the highest
level in the company's history in
March. will show very little decline
in the third quarter from the sec
ond.
While shipments of the machine
gun items have maintained approx
imately the same volume in the
current quarter as In the second
quarter. dollar sales of these items
will be off because OF the lower
prices. The company has not yet
been handicapped by shortage Of
steel or labor, but has been obliged
10 advance tool makers wages
slightly due TO the competition for
skilled workers in the districts in
which il operates.
Manufacture of air cleaners for
passenger cars, trucks and trac-
tors at the Chicago plant has been
at virtual capacity since the be-
ginning of the current fiscal year.
with prospects good for some
future business on army tanks.
L,nCara1 MACt1 rnrr,ppatt ION ba.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Nash Staff Meets

Nash distributors, statesmen
and field men tonight will con-
clude their first national meet
ing. al the Hotel Statler. The
Nash staff has been meeting for
two days. with w. A. Blees,
general sales manager in charge.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
N. Y. Store Sales Hiqher

NEW YORK, May 81 Depart,
ment store sales in New York anC
Brooklyn in the week ended May
II were z per cent above veal
ago. according 10 The preIiminar!
estimate Of the New York Fedora
Reserve Bank.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Immense Change

II is high time that the great
colleges and universities, which
in the aggregate constitute an
immense charge on the national
economy should begin 10 adopt
what is useful in recent innova-
tions toward combining theory
with practice on the campus.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
AIl-Important Task

Likewise, in the all-important
task of fitting young Americans
for life. educational theorists
have muddied the water by Gre
ating the impression that there
was a conf1ic between voca-
tional and cultural aims.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
SEES PRICE SPIRAL

Cock predicted price spiral
alternately boosted by advancing
commodity prices and demands by
labor for increased wages.
He also revealed that the bank
ing industry is among those antici-
pating a shortage in the usual
epploye market,
Already" he said, "sOme
Enthusiastically in the East and
Midwest--are putting on 80 per
cent women employees In some
departments formerly stated by
men. When another military
draft Is made, we will definitely
have a problem Of employment
i'm the banking business"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Bankers Meet
On Coast; Move
To Aid Defense
special to THE DETROIT TIMES


PASADENA, Cal, May 21.-Wlth
their entire convention dedicated
to the problems of national de-
Tense. members of the California
Bankers Association gathered here
today for their fftieth annual
meeting.
Sounding the keynote of the
golden anniversary event. which is
expected 10 draw approximately
700 financial experts from all parts
of California. the c. B. A. preSi-
dent, a. J. Cock of Los Angeles
today declared:
Our problem Is 10 determine
how We can give FIVE or six
times as much cooperation To
the defense effort AZ we have
vet been able to do"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Payment Increased
|By Mueller Brass Co.

Mueller Brass Company has de-
clared dividend of Is cents. pay
able June 16 TO stockholders of
record June s. Payments last
year were so cents each, June %
and November %.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
FINANCIAL OUTLOOK

Today'S session will be largely
given over to committee reports
on such matters as agriculture,
consumer credit, insurance and
trusts.
The present financial outlook
points toward the end of Injuries
for the American people, was the
viewpoint expressed here today by
Cock.
The banker refused 10 hazard a
guess as Ia whether ii is initiation
or dehation which is heralded by
present conditions. but was conf
dent it will be one or the other,
not continuance of present levels.
lie foreseeS that the lower in
come brackets will be hardest hit
by the coming tax schedules.
THE consequences will be that
Injuries will be definitely out
and the great bulk OF buyers
will purchase only necessities"
he explained.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Mich. Seamless Tube
Pays Soc on Stock

Michigan SEAMLESS Tube Com.
psny has declared a dividend oi
80 cents = share on capital stock
payable June 3 20 stockholders Of
record Of May q.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Gas Sales Here Advance

Michigan Consolidated Gas Com
pany sales for the week ended
MAY II totaled S04, AL gas units,
compared with 73Q.937 units in the
week ended May Is, 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21

Nahouinr Coal Railroad reports =
NAH 0Uarsf rsf income f f21t IS
soua' 30 81 ~ share on common ags .rtf
ais so or 50 "a o. common 10 ne hsrch
euansF o. 1870.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21

Chesapeake and Ohio Railway
Company declared quarterly
dividend Of IS cents on the COM
mon. payable July 1. TO stock of
record June 6. The same amount
was paid April l.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-05-21
Market Mixed;
.Chrys|er Gains
Nearly a Point

NEW YORK" May 2l-The
stock market moved irregularly
higher today after yesterdays adj
vance.
Western Union attracted atten-
ton by moving up fractionally TO
a new high for the year. 1t was
active also, opening on 1900
shares.
General Motors was backward
from the start but Chrysler moved
Il up nearly a point.
Oils, strong yesterday, were
little changed though active. Steel
shares were firm. with United
States Steel opening on 1900
shares.
Coppers were irregular. Inter-
national Nickel and Kennecott
were backward Rails were irregu-
lar, rejecting the wage demands.
Utility shares were firmer. Some
higher-priced stocks were strong,
Eastman Kodak gaining a point
and American Can nearly as much.
Rubbers and electrical equipments
were higher.
International News Service Wire
CHICAGO. May 21.-W h
opened &c 10 i2c higher today
corn sc TO &C up and oats sc tc
sc up.
Soy beans which advanced
sharply yesterday TO the best leve
in four years opened as much as
&c higher led by May. The latter
sold at 81 Al y.
! WHEAT May. S1.01i2; July
S1.00m $l.00ls; Sept, Sl.007s a
Sl.01ls.
CORN-May, 72ssc; July 73ssc
Sept, 74s4c.
OATS New, May, 37i4o; July
361sc; Sept, 35s4c.