davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-10

RUBY KELLER sings
and dances to the tunes Of
Ozzie Nelson's band in tho
musical, "Sweethearts Of
the Campus" at the Adams.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-10

STAGE ATTRACTIONS
Evening star., 1941-12-12
ss5s"'s sss5 Quiz

Q. How can I remember to buy
Defense Savings bond regularly?
A. Enroll in your companys pay
roll allotment plan. or have your
bank deduct the price of bond
from your checking account balance
at stated intervals, or write the
Treasurer of the United States at
Washington to send you reminder
periodically.
@. What is the principal differ
ence between series E Defense Saw
ings bonds and series F and G?
A. Series E bonds are for own
ership only by individuals in their
own right and are issued in amounts
from s18.75 to $3.50 (cost price,.
Series F and G bonds are designed
for investment by corporations.
trustees, associations. partnerships.
etc, as we'll as individuals, and
range from STA to $4,000 (cost
price. Any bond gives the pur-
chaser the opportunity to have a
share in national defense.
Note-To buy Defense bonds and
stamps 60 to the nearest post office,
bank or savings and loan associa-
ton or write to the Treasurer OF
the United States in Washington.
Also stamps are now on sale at retail
stores
Evening star., 1941-12-12
Army Will Reorganize
Five Armored Divisions

Reorganization of the Army's five
armored divisions, to become effec-
tive January !, was announced yes
terday by the War Department.
The changes will provide more
medium tanks than light tanks. self
propelled assault artillery, substitu-
ton of armored cars for scout cars,
and small changes in the basic units
composing the division.
The changes" it was announced,
"are the result of lessons learned
from nations at war throughout the
world as seen and reported by United
States military observers, and after
participation of armored divisions
in the most extensive maneuvers
ever held in this country beginning
last May and ending early this
month"
Two major changes will be ac-
complished. The number of tank
regiments within the division will be
reduced from three to two. Reor-
ganization also will be achieved by
changing field artillerv units from
one regiment Of four firing batteries
and one SEPARATE battalion into
three separate battalions.
Evening star., 1941-12-12
McEntee Says Youths
Inc. Are Already
10 Per Cent Soldier
Respect Authority
And Know How to
Garry Out Orders

A Civilian Conservation Corps
enrollee is already 10 per cent SOL
dier, C. C. C. Director James J. Nc
Entee told Junior Board of Com
merce luncheon yesterday at the
Annapolis Hotel
Discussing the contribution of the
corps to national defense, Mr.. Nc
Entee outlined the construction
work done at Army camps, con-
servation work in the forests and
parks, improvements in farm lands
and other areas throughout the
United States.
But the rehabilitation and train
ing of 2,5O0,OO0 youths during the
past eight years in c. c. c. camps,
he said, has been catapulted by war
into an importance equal to these
other activities in significance.
Learn Soldering.
Echoing statement of Col. Ken
meth Bush. of the Adjutant Cen
erals Office before a Senate sub
committee last month. Mr.. McEn-
tee claimed his c. c. c. boys had
already been taught the hardest
thing to teach soldiers.
They know how to live together in
barracks, respect constituted au-
thority, carry out orders. practice
public and personal hygiene, he
said. Even more important, con-
tinued Mr.. McEntee, these boys
leave the c. c. c. with an average
gain in weight of 16 pounds. Tens
of thousands of the boys have en-
listed or been selected for the Army
already.
AS time goes on. predicted Mr..
McEntee, citizens will realize that
the expenditure Of nearly $4,000, ,000,-
900 on c. G. c. camps has done as
much for the Nation as whole as
for the individual boy.
Cites German Camps.
He drew a comparison between
the German work camps and the C.
c. C. camps. The United States,
he said, has attempted to indoctri-
nate c. c. c. boys with only grasp
of the value of work.
Mr. McEntee spoke strongly in IA
vor of the present proposal of Presi-
dent Roosevelt to unite all youth
agencies into one unit. If set up
as a work agency similar to the
c. c. c., and not as an entertain
ment camp. he said, its contribu-
tion could be as effective as the
G. G. G.
Mr. McEntee was introduced by
Harold Wirth. Millard F. West. jr.,
president of the board, presided.
Evening star., 1941-12-12
Post CoIors to Be Blessed

Colors of the James Cardinal
Gibbons Post No. 168 of the
Catholic War Veterans will be
blessed at 7:30 pm. Sunday at the
Holy Trinity Church, Thirty sixth
street between N and o streets
NV. The Very Rev. Ignatius
Smith, o. P, will deliver the SER
mon. Harry c. Brooks is chairman
of the service
Evening star., 1941-04-25
Plastic Firms
|Orgonize to
Aid Defense
By the Associated Press.

SS Jne ASSOIldIcu
NEW YORK, April 25-Organi-
zation of plastic materials manu-
facturers association, representing
Is large manufacturers, to offer
cooperation in utilizing plastics for
defense purposes" was announced
today.
Heading the association is Arnold
E. Pitcher, general manager of the
plaStics department of E. l. du Pont
de Nemours & Co. Vice president Is
L. M. Rossi, vice president of Bake
lite Corp.
The new association is an out
growth of the Cellulose Plastic
Manufacturers Association, formed
in 1919 of firms using only cellulose
as their plastics base. Firms in the
present organization use urea,
phenol derivatives, vinyl resins,
casein, acrylics and styrene, as well
as celluloSe.
Evening star., 1941-04-25
Federal Lund Bunks
By PAUL GESNER
and JOHN BECKLEY.

NEW YORK, April 25 tthe Special
News Service The realization has
been growing in Wall Street of late
that New York is the last great
world money center unscarred by
bombs. unoccupied by enemy troops,
or not for the moment seriously
threatened.
This. among other things, accounts
for the partial paralysis in the
stock exchange, the low level OF
share prices, and the fact that men,
berships in the exchange continue
to sell at the cheapest prices since
the SpaniSh-American War.
Wall Street ponders the state of
London, torn by bombs; the former
great money centers of Amsterdam.
Paris, Vienna and Copenhagen, oc-
cupied by Nazi troops; the banking
centers of the rich Swiss and
Swedes trembling under the Nazi
shadow. and Berlin itself, where
banking and business leaders are in
the vicelike grip of totalitarianiSm.
And small wonder that Wall Street
is grave.
Thinking Is Confused.
Not only is there the threat of
American involvement in war-and
New York does not take the comfort
it used to in 5000 miles of ocean
but Wall Street wonders how the
system of free enterprise capitalism
can or will survive.
Thinking is confused. Many erSt-
while forceful leaders seem dazed.
The stock exchange is only a part
of Wall Street, but is perhaps its
outstanding symbol.
It's youthful president William
McC. Martin. jr., has resigned to
go into the Army as draftee. A
committee is supposed to be Sc
lecting a new president.
Talk to a dozen stock exchange
leaders and you can't get any clear
picture of what the exchange pro-
poses to do to revive its stagnant
business, or what kind of an ad-
ministrator it wants to fill Martin S
shoes.
1t is no secret that a number
OF prominent persons informally
sounded out as to their availability
for Martins job have fatty de-
clined.
Contributing to Wall Streets
punch drunk state. many say, is
the fact that it finds itself in the
war and defense maelstrom, before
having had a chance to digest the
sweeping reforms of the New Deal.
Roosevelt Stirs Interest.
Received with extreme personal
interest in the financial district
Evening star., 1941-04-25
The Business World
Wall Street Gloomy 1t Watches War Spread
And Worries About Fote of Capitalism

was President Roosevelt's latest
blunt statement that the Ameri-
can public is not sufficiently aware
of the danger to this country in
the situation abroad O. P. M. Chief
Knudsen speaks of the terrible
urgency" Of the defense situation
General Electric's President Charles
E. Wilson sees the need for speed
in defense production acute
Bankers and businessmen, fear
ing the impact of coming events
on American economy. are mostly
clinging TO personal cash Gaug-
ing future events on the experience
of the war to date. most of them
don't like the indecisive perform
ance of the stock market.
Stock Exchange compilations,
showing the typical WELD among
SIT dividend-paying stocks at 10
per cent. are far less attractive
than non-interest paving dollars in
the checking account.
Evening star., 1941-04-25
Foreign Exchange

NEW YORK. April 25 lP'.-Tne British
pound gained a cent today in relation 10
the United States dollar in free" foreign
exchange trading
At the same time the Canadian dollar,
gaining .12i2 OF cent. rose 10 SS.lS34
United States cents
The Hong KonE and shsnshsi dollars
currencles were unchsnsed.
Noon rates follow Great Britain IN dol
lars, others in Cents).
Offlcial Canadian Control Board rates
for United States dollars. Buying. 10 per
cent premium; selling. II per cent
dian dollars IN New York of buying 99i
per cent: selling, 900 per cent.
Canadian dollar in New York open mar
ket, IL u per cent discount, or SS.16s4
United States cents
Europe.
Great Britain. officIal Bankers ForeiR n
Exchange Committee rates., buying, 81 90 d;
selling, S4.04; open market, cables. 81 OF;
Germany, 4000n: benevolent 70, Fin
land. - .n5n; Greece. .tSn; Hungary,
IA51n: Italy & 06: Portugal. 4.Ol sweden,
"3.s6; Switzerland, '232l Yugoslavis,
235n
Latin America.
Argentine. ofncial. 2a.15 free. 23b5:
Brszn. ofnciaL 6.05n; free, soon, Mexico.
2O.1On.
Japan. 23.4s, Hons Kons. "a IS, shans-
'Rsles in spot cables unless otherwise
indicated
Nominal. For commercial rsnssc-
Evening star., 1941-04-25
Pennsy Net Income
Far Above Year Aqo
During Quarter
Three Months Toto!
At S20,246,o ,o5s Mark,
Fell Reports
g. the Associated Press.

BY the Associated Press.
NEW YORK, April 25-The Penn
Sylvania Railroad Co. reported a
net railway operating income for
! the first three months of 1941 of
| $20,246058. as compared with SIS
1852 in the like period of 194l.
! The report. issued by F. J. Fell,
| jr. vice president and controller.
showed the net railway operating
income for March of this year to-
tailed S7,444 648, an increase of ST.
788.741 over the corresponding
month of 1910.
Chicago, Milwaukee.
The Chicago, Milwaukee, St. Paul
& Pacific Railroads net loss in 1910
declined to S9,826 500 from s14,427,-
1888 in the preceding year, the an
nual report disclosed.
Both passenger and freight rev.
enues increased during the year.
Passenger revenues rose from ST.
893,798 to S8l00,38l and freight
revenues from $88 622, ,l60 to S95.-
1l3.461. Total railway operating
revenues were SHAFTS ,589, against
S1O6,875, ,381 in 1899.
Railway operating expenses in
creased from S85 51l,8l4 in 1889 to
S87,170.l44 in 1910. Net revenue
from railway operations was s27,-
205, AS in 1910, against s2l 1863, ,566
in 1889.
Illinois Central.
Illinois Central Railroad reported
net income of S1.655,314 in March,
against s49,072 in the like 1910
month. Net income for the quarter
ended March 81 was S3.l05 1886,
compared with s148127 in 1910.
Home Products Corp.
American Home Products Corp.
reported for the March quarter net
profit of 81 l,233 1853, equal to Sl.53
share on the outstanding stock. This
compared with sl.234.115, also equal
to S1.53 share on the number of
shares outstanding in the first 1910
quarter. Directors declared the reg
ular monthly dividend of 20 cents a
share.
quaker state oll.
The Quaker State Oil Refining
Corp. and subsidiaries reported
consolidated net profit of s2l8.-
O5522 for the first quarter of l94l
after depreciation. Federal and
State income taxes and all charges.
The figure was equivalent to "a
cents a share, against a profit OF
1921 1863, or 81 cents a share for
the same period in 1910 The cor
poration declared aadiVidend of Is
cents a share, payable June Is to
stockholders of record May 90.
Texas Gulf Sulphur.
Texas Gulf Sulphur Co., Inc. re-
ported today net earnings Of S2,l47,-
381. after depreciation, amortization,
contingencies and Federal income
taxes, for the quarter ended March
81, or approximately Sc cents per
share outstanding This compared
with s2,045 ,0O8. or approxlmately So
cents a share, for the corresponding
period last year.
Evening star., 1941-04-25
Banker Speaks Out.


Frank AltSchul. prominent inter-
national banker of the firm of
LaZard Freres, with London and
Paris connections. has stepped him.
self in the Wall Street gloom until
he had decided to speak out. He
has published a 60-page booklet.
Let No Wave Engulf Us" in which
he calls upon President Roosevelt
to appoint a supreme economic
council Ito re-eXamine the very
foundation of our society and to
contemplate even the most far
reaching of changes
He asserts that "a movement Of
the center so radical as to be al
most revolutionary is the only al
tentative to a revolution of the
extreme right or the extreme left"
But for all his gravity he con-
cludes hopefully:
once this nightmare of the tyr
annies has been definitely ban
ished, great creative forces will
again be unleashed. The world is
10 years behind schedule 1t is
eager to make up for lost time"
TaXeS-Don't be surprised if Con-
gress decides to collect future indi-
vidual income taxes "at the source, :"
that is. through payroll deduc-
tions where possible. Reason-Fis-
cal experts say if increases in tax
rates follow early predictions the
average spend-as-you-go citizen
won't have on hand at the year end
the kind of money needed to pay his
levy.
Evening star., 1941-04-25
New York Produce

41a: steady. Mixed coors. fancy 10 extra
fancy, 23'4 4-25I2: extra 23l2 storage
packed Hrsts. %: graded frsts. 22l2-22a4
dirties, No. |. 2O34; average checks. l9'4-
30. 80
Whites tresales Of premium marks, 90
-sl2); nearby and Midwestern premium
marks, 24-25i2: specials, 23l2; standards
o. tresales of exchange to fancy heavier
mediums, 2l94-24l2: mediums. 2l q.
Browns, nearby and Midwestern, fancy to
extra fancy. @3o4-25l2: specials 23l4;
standards. 22l2; mediums Fl lz-2l'4.
Duck eggs $50. $40. c.ou
higher than 81 score and premium marks.
34-3491; Q" score cash market, 3324;
1921 score 3214-33'4 s4-s7 score, 30I4-
8214
CHEESE, 15s,os7; Arm. Prices un-
Rhenrpd
Evening star., 1941-04-25
| New Securities
| Are Smallest
| In J Months
B, the Associated Press.


NEW YORK, April 25.-The new
security market idled along in low
gear this week. Public offerings
of new securities during the week
ended Yesterday, as reported by
Standard g. Poor's Corp, totaled
SIT, 7,336,800. slightly below the pre-
viouS week and the smallest volume
in two months.
There was a slight pickup in cor
porate offerings for the purpose Of
raising new capital, however. Busi-
ness enterprises took about $4,000
600 of new money.
Comparisons follow:
Municipal.
This week Prev vk Year aeo
Sll.loo, 600 Sl3,695. 613 $50 $50 S61
Public Utility.
- s3,O0O.OOO s1O,25o 900
Industrial.
------ s35OOOO $4,000. 900
Miscellaneous.
Sl15s,5Oo S725.OoO So 20b. 900
Stock.
S4023.3O0 sl.O2O.112 S5f67427
Total
Sl7,336,s00 Sls,591,3s5 s6s 953 2ss
Evening star., 1941-04-25
It's Concerns Report
Earnings Ahead
OF Last Year
Tax Plans to Exert
Shorp Influence on
Profits Outlook
BY the Associated Press.

BY the ASSOCldLeu FIeeb
NEW YORK, April 25-Earnings
of the first ITS companies to report
for the first quarter of l94l were 10
per cent greater than the same Pc
riod q year ago, an Associated Press
compilation disclosed today. Profits
of the group totaled $232 934 900
compared with s201 ,006 1000 in the
first three months of 1910.
Excluding the earnings Of Amerl-
can Telephone & Telegraph Co.,
which heavily influence the COM
parison, net income of the COM
panies was 10 per cent larger than
year ago.
This comparison can hardly be
considered TO give a true picture of
business profits, however, since at
the same time corporation eXecu-
tives were reporting higher profits
to stockholders, tax authorities in
Washington were planning ways and
means to divert them to Uncle Sans
armament drive.
Taxes Anticipated by Some.
A few companies allowed for
higher taxes in making their re-
ports. Others made no attempt to
figure taxes, merely reporting earn
ings before taxes and leaving stock
holders to make their own guesseS
what new levies would amount TO.
The big majority. however, COM
puted taxes according to present
laws, leaving adjustments for later.
1t is impossible TO say exactly
what effect new taxes might have
on the situation, but it is estimated
that an increased in normal corpo-
rate income taxes from "a to 30 per
cent would reduce the margin of
increase over last year to about 7
per cent
This would not be very bril-
liant showing. The volume of pro-
duction in the first quarter was 20
per cent greater than last year.
Normally, profits rise much more
rapidly than industrial activity
itself.
Biggest profit gain was chalked
up by the steel industry, which
roared along virtually at capacity
throughout the three months. Prof
its of II companies, including Beth
lehem Steel. amounted to s35.645,-
600, compared with sl9.548O00
year ago, an increase of 80 per
cent.
Earnings Of seven building ma
terial and supply companies re-
fieCted the fast pace of residential
building and defense construction,
totaling s3.723000, against $2555,-
900 in the first quarter of 1940 a
rise of As per cent. This was the
second largest gain of the groups
for which comparisons were avail
able.
Show Large Gains.
Fourteen auto accessory COM
panies enjoyed an increase of 40
per cent. reporting profits OF SO 646.-
000 compared with $685. 900 a year
ago.
Only important decrease so far
was shown by five oil companies
which earned only s16,025 900 against
$226l 900 in the first three months
of 1910. Lower gasoline prices were
principally responsible.
Earnings of other groups compared
Evening star., 1941-04-25
North American Co.
To Comply Fully,
Shea Declares
Holding Company Head
Plans Retirement of
Senior Issues
By the Associated Press,

FS tHb hSSOLlhleQ fIeSS,
NEW YORK. April 25.--E. L. Shea,
president of North American Co.,
utilities holding firm. told stock
holders at the annual meeting today
the company intends TO comply fully
with the requirements of the Public
Utility Act of 1885.
He said the first step of a program
designed to insure the greatest pos
sible value for the company's in
vestments would be retirement of
the senior securities through sale
of certain investments and by other
means
Analyzing the values behind North
American common stock. Shea said
that on the basis of the sale of
company assets at Il times their
earning power there would be a
balance for the common stock of
North American of more than $2l
a share.
Outcome Uncertain.
He added, however, that what
actually would be realized for COM
mon stock depends on several
factors" These he described as:
First, it depends on the period OF
time which the Securities Commls-
sion will allow for the sale of Suf-
ficient of our holdings to pay off
our senior securities: second. it de-
pends on market conditions pre-
vailing during that period of time,
third. it depends on the conditions
under which the Securities and Ex-
change Commission may permit us
to effect these sales
Shea indicated that if North
American were to diVeSt itself of all
It's utilities and retire its senior
securities it might continue in busl-
ness by investing in other fields.
Il am sure" he said that I re-
fleet the views of the management
when I say that there is no desire
whatsoever to perpetuate the exist
ence of North American Co. unless
1t serves a really useful purpose
such as it has during the last 81
years.
I'VE cannot now see how the COM
panv could serve any important
purpose as public utility holding
company if its investments were
restricted to only one of the four
major properties. Under such con-
ditions. we would undoubtedly rec
ommend the dissolution of the COM
pany.
Investments Possible.
"On the other hand, when the
company has Invested itself of con-
troll of all its public utility operating
companies by sale. distribution or
otherwise and has thus ceased to
be a holding company, the public
interest may be greatly served by
our continuing TO have available
substantial amount of capital for
investment in other fields.
"TheSe are days of great eXpan-
sion in the industrial machinery
and business activities of the coun-
try. Out of every emergency period
in our national history has come
new industries and needs for
capital
With our changed status, we may
very we'll find new opportunities 10
continue in the development of
needed goods and services.
Shea said the consolidated net
income of the company for the
March quarter was equal to So
cents common share, compared
with 81 cents in the like 1910 period.
Total operating revenues for the
first quarter this year were SO per
cent ahead of the same period last
year, he said.
Evening star., 1941-04-25
Associated Dry Goods
Votes $3.50 Arrearages
Bs The Associated Press.

BS The Associated Press.
NEW YORK, April 25-Directors
of Associated Dry Goods Corp. to-
day declared a dividend of $3.50 on
account of accumulations on the 7
per cent second preferred stock. pay
able June to holders of record
May 16.
This payment will put arrears at
$3.50 as of June 3 The company
also declared a regular quarterly
dividend of 81 so ON the 6 per cent
first preferred, payable June 2 to
holders of record May Is.
Evening star., 1941-04-25
Auto Production
Rises to 108,765
Units in Week
BY tho Associated Press.


DETROIT, April Edwards Re
ports, Inc, today estimated passenger
car and truck production this week
at 108,165 units, compared with 60
945 last week and 101, ,405 this week
a year ago.
The upturn this week was at
tributed to the resumption of opera
tions in the Ford plants.
Wards said that unless unfore-
seen circumstances occur, volume
would show a more important rise
next week, and added that steady
and heavy operations were indicated
through the spring months.
Evening star., 1941-04-25
Good Weather Brinqs
Near-Record Trade
Volume in Week
Store Sales Average
Ia to II Per Cent
Above Year Ago
By tht Associated Press.

By tht Associated Press.
NEW YORK, April 25.-Favored
by good weather over a broad area
the Nations retail merchants this
week moved near record volume
of merchandise, the Dun 81 Brad
street weekly trade survey said
today.
Sales totals again ranged sharply
above the corresponding week a
year ago." the review asserted.
Except for the Northwest, where
gains continued somewhat smaller
than average, all major regions
recorded increases of better than 10
per cent
The year-to-year improvement
for the whole country was estimated
between IA and II per cent
Wholesale markets, the review
said, were featured by recorders on
seasonal merchandise and an in
crease in commitments for the near
term which Offset some decline in
forward orders.
The Federal Reserve Board es-
timated ye1terday that department
store sales in the week ended April
l9 were 18 per cent larger than in
the corresponding week last year.
Last week was the first in several
to give a fair comparison. Earlier
weeks figures were distorted by diff
ferences in Easter shopping dates
this year and last year. Thus. in
the week ended April II, sales we're
al per cent above last year. and in
Evening star., 1941-04-25
London Tin Prices

LONDON, April c5 ,P,-Tin steady
spot f21I 15s bid, E272 asked future
f267 bid. 1857 IS asked.
Evening star., 1941-04-25
Washington Exchange

SALES.
Garlnckel common-100 at 1917.
Evening star., 1941-04-25

the four weeks ended April 10, sales
averaged q per cent above last
year.
BY Federal Reserve districts COM
parsons for the one week ended
April 10 and the similar period last
year were:
Increases-Boston, Is; New York.
9; Philadelphia, II; Cleveland, So;
Richmond, %; Atlanta, %; Chicago,
IL; st. Louis, 81, and Dallas. 9 per
cent
Decreases-Kansas City, 2. and
San Francisco, 7 per cent.
No figure was available for the
Minneapolis district.