davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Pay Draftees
A. & P. Men Nov in Service
TO Get $500, 900 in Al

NEW YORK. Nov. More
than $500 employees of the Great
Atlantic and Pacific Tea Company
now in military and naval service
are receiving company compensa-
ton at rate of 100000 a year
in addition 10 their regular gov
eminent pay John A, Hartford.
president, announced today.
Central western division head
quarters in Detroit reported third
quarter figures indicated employees
serving their country from this
area will have received more than
$50 900 company compensation for
1941, some S31, 900 going 10 former
workers in the Detroit unit.
For more than year. de-
spite the increasing number of
employees entering service, we
have found il possible to con-
tinue supplementing the COM
pensation our employees receive
i'm the performance Of their pa
triotic duty" Hartford's an
nouncement said. THE plan
which makes these payments
possible Is being reconsidered
each quarter for revision to
meet changing conditions of the
emergency"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
C.&0. Asks Bids
On Rail Holdings

NEW YORK. Nov. 25 -Chesa-
peake and Ohio Railway Company
in a further move 10 sell securities
II owns and establish losses 10 OBJ
tain tax credits. has announced II
has requested bids by December 2
on securities IL owns of the Eric
Railroad Company and Chicago.
Great Western Railway Company
- These securities include $500
(areS of Chicago, Great Western
common stock and Erie Railroad
certificates Of deposit, represent
ing $500 shares OF first preferred
stock. $500 shares of second pre-
ferred and 2l1,l00 shares of com
mon stock.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
What Of Burdens7

What aOout business tax bur-
denS? They are already sky
70 k ting senSatlonally And
Washington limitations are that
much worse awaits. Secretary
Of the Treasury Morgenthau
went so far a tc recommend
that every dollar Of business
profit beyond &c per cent on in
vested capital be conhscated
Lawmakers quickly Squelched
that. Just As they have Squelched
the proposal that two years
taxes be<collocted next year, and
SquelChed equally fantastic no.
tionS about raidnC workers pay
envelopes on the excuse that the
money seized would he reserved
for social security'-this not
withstanding that the govern
ment all along has spent for IFS
own day 10 day purposes the
many millions already a k n
from workers and employers IN
the name of social security"
Records the Tax Foundation,
New York:
During the past fiscal wear,
approximately $500. 900. 900 In
taxes were RENTED to the fed
eral government by the business
community. This sum was equiv
alent To more than 16 per cent
Of all federal tax revenues. For
the comparable period. the state
governments looked to business
for the payment Of $500, O00,-
600 I'm tayes-or * per cent Of
all state tax receipts"
Yet Washington stubbornly
refuses 10 prune its gigantic
non-defenSe spending.
Copyright. 1911, by y c Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Erie Oct. Net
Tops Million

CLEVELAND. Nov 25.-Income
of the Erie Railroad System avail
able for fixed charges in October
amounted TO S2,219,463 which, on
a basis of the old fixed charges
of S1146.416 for the month, left
a net income of S1073, 046. The
fixed charges in the reorganization
plan and present leased road rent
ais total only S5S0,00O per month
For the 10 months ended Octo-
her 81 income available for fixed
charges totaled S19,072 $50 which,
after deduction of old fixed
charges, left net income of
81, 1853 .507. Fixed charges for the
10 months ended the reorganiZa-
ton plan would amount to only
s. 10000 for the 10-month period.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Forbes
Hardest Battle
Facing Taxpayers
Is TO Find II
BY B. c. FORBES

The hardest battle which will
confront 9 of every 10 Ameri-
cans next year will be the battle
10 find enough to pay taxes.
Probably not one person IN zen
has laid aside money this year
10 take care OF what they will
have TO pay on this years in
come.
How serious the burden is be-
coming can be graspcd by pom
dering the fact that tax collec-
tons by all tax-levying bodies
will, according 10 present esti-
mates. reach $685. for every fam
lily during the year ending June
30 next. And the certain pros
pect is that before then NASH
ington will have Conjured up and
slapped on other onerous inn
posts.
No nation on earth ever faced
the raising of such stupendous
Sums 10 maintain government.
Yet, even if=every one should
prove able to meet every dollar.
the federal governmnt Won d
etill be pfungfng Shockingly
deeper and deeper into debt
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
MARKETS
Lewis Heney
Lewis Heney
Hits at Labor Draft
As Tactics Of Hitler

A reader in Dubuque, Ia. writes:
THE idea Of the closed shop is bunk Why not crack
down unions all like
Answer Hitler himself is the We don't him
his
This still "democraey Out system Of free choice could
exist either under the compulsory closed shop under Hesn
Granting that the closed shop praced had IT still
true that wrongs don't make right.
Another fact this and have greater unity and
cooperation the people of this country DO think that
could hope these by cracking down labor to the
extent
Finally. you should keep the trade
and collective bargaining good principle II only their
abuse by selfish condemn fully
freely established without coercion be called closed shop by
But should do nothing honestly and demo-
cracaly from fair all ahoferS
10 join voluntarily II the irresponsible grating politician type Of
labor leader methods that g rid Of
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Guess-How Many

How many persons, would you
guess. will have 10 prepare in
come tax statements covering
this years earnings
For 1899. the last year for
whic h official statistics have
been compiled, 1865. fT2 people
filed returns. The federal treas
ury figures that upwards Of - :
0O0. 600 Americans viii BEEN
braced this year. that actual
payments will have 10 be made
by weii-pver 100000.
From talks with many bust,
ness executives in close touch
with their workers and from
Try own contacts with wage
carriers, the Very definite
preston has been gathered that
vast numbers who Will he liable
for income tax payments on
March Is do not know what
faces them ---.
Happily. the treasury has pre-
pared form much easier 10
fill out than any heretofore
used. Even 50. The task OF COM
Observation-Disclosures ruXr
very difficult. Certain il * That
lament A teia-ffttfr1t1er IF ttTUSe
who Will become liable viii not
be prepared 10 pay. CAS- for
what will happen when the war
blown boom bursts. and unem-
ployment becomes widespread,
no mortal can gauge
Incidentally, federal tax col
lcctions last month were 65 per
cent above October last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Excess Funds Placed in initiation tiedoes

The other hand living less nfIatlon
there substantial for looking life
indemnity economic loss
Of the the ohoescence of the breadwnner
would result preference for ordinary LIE
policies special contracts
deferred SlrviyorShip annulcS
THIS advice intended only fer those vino have sufficient
difference between the
premium straight ndemntyype policies and hghepriced
Wled looking about
dollars consider putting
hedges such real
physical things common stocks and convertible bonds
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Auto
Graphs
Price Ceiling Threat
Seen as Move TO Hall
Boost by Car Makers
BY SILER FREEMAN

Reports from washington that
the OPA may establish price
ceiling for cars, both wholesale
and retail, is seen here as an
indication that rumorS of a fur
Their rise in the price Of auto
mobiles is taken seriously in
Washington.
Some time ago Cyrus McCor-
mick, chief of the automotiye
section of the OPA, warned;
eff the necessity arises, this
office will be prepared and will
take the sort of action for your
industry that 1T has taken Tor
every other industry where in
fationary tendencies developed.
Please note that 1 say III the
necessity arises
This means that we will he
prepared to establish ceilings
covering both the wholesale and
the retail price of new cars,
trade-in allowances on used ears.
prices at which dealers sell used
cars and the price of repair
parts"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Scare Tactics

Many dealers Needed McCor-
mick's warning and dropped the
pack. Others did not,
In addition there has been
talk that manufacturers were
almost certain 10 announce new
price boosts after the first Of
the year, The decreased vol
ume with greater per unit cost
was the reason given for this
probable development.
McCormick's move may be 10
halt any further increases. It
may be scare" tactics 10 head
off a general rise and again
il may be that he has found the
industry developing inflationary
tendencies. At any rate. the
Big Three" has been called in
and the dealers viii also be con-
S.tltoJ
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Policing Big Problem

II may be pointed out that al
though about 80 price ceilings
have been established. there is
no penalty for violations as yet
on the statute books. There is
bill pending TO provide such
penalties.
The problem of policing an in
duStry like the auto industry is
something else which may give
the OPA thought Besides the
manufacturers, the government
Will have 10 supervise $4,000
dealers. TO say nothing Of used
car lots.
So the threat of price CELL
ings may still be threat. On
the other hand, Mccormick is
the type who does not just
threaten-he can WELD a big
club effectively.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Farmers Market

APPLES Mcintosh. fancy. 81 bu No
81 2'g ~, NO. 2 75c bu Grsenings
Jonathan, fancy, 81 IS bu. No /. $3.50
l5o. No. 2 Delicious fancy 81 bu
No. I, 81 So1 rs bu no. ? 75c SHOWS
No. J $ip 50 ou No 2. 75c bu Wag
ners No l. Siu135 hu.
BETS Fancy. 81 bu. dozen lunches
soc; No. !, 40 q SOC dozen~bunCh"s, 500
soc
RRoccott-No. /. 7aai7s bu.
CABBAGE- No 50 = SIC IN 10. ?
.oc; rcd No. /. 6ou7oc bu curly. No. i
" cARRoTs-No. /. soa7oc ao1. bunchs,
sai25 bu. 30. q 4oc dor bunchs'. 7oc
"cAuLIFLowER No. /. 81 bu; No. 2
CELERY Fancy. son zoe don. punches
No. l. 40u soc No ? % y 25c
ccEELERY s9uhhRREs Ne socSh
% cEf,FRy RooTs-No I. 7sca,i hu.
ECGs-Largs St3 SOFA 3o-doz case,
medium. 81 80 u 25 small. SOC 10 50
FENNEL-No / 81 25gl 30 dor hchs
HoRsERAD1sH No. l. $50 75c ~. bss
oNroNs-ore.n No / asqsoc do1er
lunches dry onions fancy, 81 No. /
si4oal so s0-lh sacks No 2 81
PARsN1Ps- J. aoc n 81 25 No. 2
PARSLEY Roor-No. /. soas5c bu.
PARSLEY 80 I. 5sa SOC dor bunche.
PEPPERs-Green. 80. I. $3.50 3,
bu No q 75c IN green. hot. No /
75cdSi bu. No 2 soc; red, sweet, No !
75c y 81 hu 40. 2 soc hu.
POULTRY-Hens live. heavy breeds
iad 21c- H.. leghorns. ia 1ec 10 hrohers
heavy, 81 age H.; hroilers. leghorns, II
n lsc ID. ducks isn poe N geese. 15H
lsc IN turkeys, hens, asa 3Oo 10 toms
POTATOES -Fancy. yio bu; No. /
s5cdS1 No 2. soc.
PUMPKINs-No. / 10 - soc bu
RkDISHES- Red. No /. - n S5c dor
hchs No. 2. soc; horse. No /. 75cTs
?. basket, red dollhouse. No. / 65c do1
chs
RUTABAGAs-No I, 500 75o IN
sQUASH -- Hubbard No !. 400 soc
fable Queen No. /. asa soc; No. 2, 35c
Delicious No /. so y 65c bu
TURNIPS-No L. 80 y SOC doI. bchs
751 q0c hu No. 2 50H soc M
VEGETABLE GREENS Esoarole No
1. 50d 75c bu endive. No !. e0c 2 VI 2
bu f: No. 2 75c kohl-rabi, No ]. b. so
dor. bchs Swiss chard t0T soc bu kale
No l. 40 n soc hu-. cnllards-- Nn--l,-inla 40
bu mustard No l. s00 s5c hi leaf let
tucs, No l. 500 S5c M dollhouse. No !
eoc Isl io-lh basket leeks. No 7, to0
csc dor bchs spinach. fancy, 81 p IN
No. !, 75o . 81 hu., turnips. No. j, ISc
81 bu.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Climbing!
Commodity Prices Close
to II-Year High

WASHINGTON. Nov q. -
Wholesale commodity price level
was higher last week as farm
products and food prices resumed
their upward trend. The weekly
commodity price index
compiled by the National Ferti-
lizer Association in the week
ended November p rose 10 1l6.S,
which Is only 3 Of ] under the
1l-yoar high point recorded on
October II Of this year
a week ago the index was 1854.
A month ago 1l5.5. and year ago
$50. based on the 1858 average
as 100
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Menge| Pays
On ; Issues

NEW YORK. Nov. Mengel
Company has declared a dividend
Of 30 cents on common stock, pay
able December % 20 stock OF rec
ord December 4. This is the first
common dividend since Oct. ],
1880 A regular Semi-annual divi-
dcnd of SIPS was declared on
the ; per cent convertible cumu-
lative first preferred stock. pay
able December 81 70 stock Of
record December Is Directors
also declared a dividend 10 clear
up the arrears on the few shares
Of old 7 per cent preferred out
standing.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
8 Pct. Bonds Assent
To Wabash Rail Plan

NEW YORK, Nov. 5.-ASSentS
10 plan Of reorganization for Wa
bash Railway Company have been
received from 1881 per cent of
outstanding bonds, according 10
Arthur n. Atkinson. secretary Of
the reorganization managers
Atkinson said reorganization
managers will meet today 10 COM
plete arrangements for purchase
Of railways and properties Of Wa
bash Railway Company AT the
foreclosure sale 10 be held De-
cember ].
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Metal Markets

New York and wholesale nnnferrnus
meta quotations supplied by Federated
Metals Division Detroit: Spot. 20 per cent
tin nominal New YORK i2c future tin.
52c. lake grade copper delivered Midwest.
~. eiectrolyfic spot snelter. - casting
copper 1i.T5 50 Louis lead SO. ST.
Louis zinc : IS. New York anthony. IA;
virgin aluminium 10
Tin. OpM order limiting use ~ Tin and
lead IN fof has free modest tonnage ~
TN for resell Lead OpM limitation on
foN use WI conserve 3 500 tons ~ led per
month. Copper week end sales 8 ss5
tons. Export Copper. ~ 25 resale IL
Free sterling exchange. 81 n3is -S404
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Steel Output
Down in Week

NEW YORK. Nov. 25.-Steel
operations for this week are sched-
uled at $50 per cent of ingot ca
pacity. compared with 81 per cent
IN the previous week, decrease of
IL points or IL per cent, accord
ing TO the American Iron e. Steel
Institute. A month ago the indi-
Gated rate was 800 per cent, which
is the high record.
The following table gives COM
parlson Of the current schedule
with the nearest corresponding
week Of previous years. together
with the changes from the week
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Priority System Takes Care Of War Materials


he
and reduce the purchasing the people Does
keeping people the things they need
of such things will be released 10 make naera
Answer Probably You prieriteS and
ALLEGATIONS materials civilian goods
mSePinien what the President really twofold
% 1.-The this admin
istraionl spend ~ He make all concentrate
winning the helping against Hitler.
In fact II doubtful if increased taxes would prevent further
if discriminatory designed
they kill prosperity and thus also
higher would and thus make
higher They would and
spend
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
People Need Insurance in Times Like These

Accordingly il nonsenscal 10 discuss whether people need
whereby by of pen the making of
modest deposit breadwnner himself his de-
stipulated much number of dollars payable the
future.
always life Insurance policy Will the family
kind Of dollars Better have such than 10 step
what
sbe may take place the purchasing OF the dollar
in while
be Hndef
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25

IN The WEST Nov 2o-Mr Average American should not
detached
fight initiation.
The future of the dollar purchasing power is
Of direct personal individual who
tracts payable dollars the future The creditor includes
65OOOO0 life policy holders 4400000 deposit
tors upwards of 4O0O0 prospective old benefit participants
under the Social Security well all hnpdhe4eFS
In address yesterday before the Sacramento Forum
Sacramento CAL How Secure Is Your Life insurance.? took
the that the nsperabe obstacles
which peculiar the institution OF life insurance The future
purchasing of the dollar does lie within the
of life management but rather lies the door
of the federal which Congress has the right
define the of the currency.
AS practical matter government policy in regard to reduc-
ton OF nondeense expenditures and prudence defense OUTLAWS
has important bearing this subject of initiation In addition
the controls such ceilings taxation voluntary saving and
pores restrictions will help determine the value of the
dollar in things
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Coal Demand Abates;;
N. Y. Area Price Down

NEW YORK, Nov. 25.-The
mild Autumn weather and the ex-
tensive advance buying of the
Summer months have considerably
reduced current demand for hard
coal. AS result. prices in the
New York area are down as much
as 81 a ton from the official list.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Seek Price Chance
In Field 0fferiinq

CHICAGO. Nov. 25.-A price
amendment has been filed with the
SEC by Glore Forgan e. Co. as
head of an underwriting group
planning a public offering of
$4,000 shares of Marshall Field e.
Co. common stock. indicating an
offering price of S14.50 per share,
subject TO release BY the SEC.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Visible Wheat Supply
Decreases in Week

CHICAGO. Nov 25.-Visible
supply Of wheat in the United
States decreased $4,000 bushels
during the week ended November
%. according 10 figures compiled
by the Chicago Board of Trade.
Corn increased 95S. 900 bushels;
oats decreased $4,000; rye in
creased 10000. barley increased
l21 900 and soy beans increased
$4,000 bushels.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Bond Issue Authorized

NEW YORK, Nov. 25.-Califor-
MIA Railroad Commission has given
Pacific Gas e. Electric Company
authority to issue and sell its prof.
ected S25,000,000 of first and re-
funding 3 per cent series X bonds,
due in 1911
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
lateIY precedinp:
earninqs

United Carbon Company and subsidiaries
show for the nine months ended septsmhsr
30 net profit OF sl21455i sfter provi-
sion ~ sss5. 0on for federal income and
excess PROFITS taxes. etc. equal ~ 81 nS a
common share In the FIRST nine months
~ The preceding year net profit was 81 b
n7s 707 or 81 II share after provision
~ s40f 600 for federal and state income
taxes No provision was made Tor fedora
excess profits tax in that period
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Assets, Liabilities Expressed in Dollars

Welmanaged life insurance companies not mnaeed by
satisfy
contractua claims with whatever Of dollars general
claims presented Fluctuations
chasing power affect the position the
panes because both their their liabilities
expressed in dollars.
Even the radical and pathological initiation in Germany after
World problem
such but with the policy holders who received settlement Of
virtually then
polcyhoders despite drastic initiation.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
PLANS OF INVESTMENT

Such funds. he added. could
either be invested in senior securi-
ties Of the corporation itself or in
government bonds as a direct in
Nestment IN the defense effort.
Purcell warned that the isSu-
ance OF securities meeting the
needs Of TIE individual investor
and national defense cannot he
made an occasion for the reap
pearance of the many hybrid and
misleading types securities that
featured the financing of the fren-
lied tWenileS
The SEC commissioner was in
troduced 10 the group by Howard
NJ. Warner Of the Michigan Corpo-
ration and Securities Commission.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25

Later, NcCofrnlcK n
voiced pointed words TO the
INDUSTRY.
III the automobile industry
does not develop infationary
tactics. there will never he any
need for any price ceilings"
II is known that for some
weeks, OPA agents have been
checking on dealers prices in
various parts of the country.
The survey indicated. among
other things. something 10
which Mccormick was strongly
opposed, a dealers pack He
The pack represented an
addition 10 prices Of unreal
value and he termed 1t danger
GUS
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Mellon Awarded Bonds

PHILADELPHIA. Nov. 25.-The
NJ lon Securities Corporation
group has been awarded the 500
100000 Philadelphia Electric Com
pany %, per cent bonds on a bid
of 1ft9 ini1
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Dividends

Pennsylvania Glass Sand Corpo-
ration declared a dividend of 25
cents on the common, payable
December u. TO stock of record
December a. making a total pay
ment of 81 in 1871. In 1910 a
dividend of 81 was paid at the
year-end. Also declared regular
quarterly dividend Of % cents on
the common. payable January !,
to stock of record December Is.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
SEC Official
Urges u. 5. Aid
For Businesses
Purcell Suggests
Corporations Build Up
Reserves. Cut Debts
BY CHARLES WEBER

Creation by the government of
an inteF-depaftmentai group 70
administer such emergency powers
as may be necessary" to see that
corporations put their financial
houses in order for postwar prob
lens was suggested here by Ganson
Purcell, member of the Securities
and Exchange Commission.
Speaking yesterday before a
Joint meeting Of the Economic
Club, the Detroit Stock Exchange
and the Bond Club of Detroit,
Purcell said:
industry must be so financed
that II will he able 10 stand on
Its own feet throughout the
period of the emergency, how
ever long II may last"
TWO LINES OF ACTION
He urged that two lines of &C
ton be taken by business:
1-Reduce corporate debt so
L that financial structures
will be more flexible in the post
war period when the transition
must be made TO peace-time pro-
duction.
Build up reserves that will
help companies absorb post
war financial shocks.
IF these reserves built up In
this country from defense profits
Nrove unnecessary In the post
defense period. they can he
distributed rs dividends TO
sfockhoIders. thus furnishing
welcome source OF income and
purchasing power when most
needed" he stated
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
Fear, Uncertainty Depressing Stock Market

while the arod Roosevelt
stoe mar ressio undated 90
You right assuming that initiation exists not
deposits but and living would
hggrade bond also much inflated result of
demand "quldity these days
deflaion Of the stock market is
Great fear
and investors and business entefpses
from the following ID
Absence 2 policy finance
spending 81 discriminatory
nd breakdown of democratic
conditions stocks will depressed
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-11-25
On the Business Front

planes make return or "saw-off
fights.
This effectively bars the use Of
those bases 10 American CONNER
cial aviation because no British
commercial plane can successfully
make the transatlantic hop.
German engines. too. are short
lived and inefficient as compared
to ours, says Stout.
He contends that Germany is
far over-rated as a developer Of
new things and that actually II
has not made one really important
contribution 10 aviation.
Such developments as the vari-
able pitch propeller. de-icers, gyro-
scope pilots. and even the basic
designs of the engines and the
airplane itself are all American
conceived.
Summing il all up. Stout SAYS:
The Germans are great copy
artists, but lack originality.
The French never like 10 build
the same things the same way
twice in a row.
And the British are marVelously
ingenious AZ discovering highly
difficult ways Of doing very easy
things