davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-19
rotrno CASH GRAIN

TOLEDO. O., July Is tlNS) Cash grain
on track
WHEAT-No. 2 red. 81 10d1li
CORN No. 2 yellow, $751; n s7i.c.
OATS No white, a. q4sc; No.
white 4Tm 4se.
soYBEANs-No 1 yellow 81 as q 50.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-19
New York Cotton
Montreal Silver

MONTREAL. July is-Ths silver mar
kst closed steady today with July 1918 old
No trades.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-19
Dow-Jones Bonds
Detroit Poultry

EGGs 90 Market irregular current re-
etpts. 3it.c lr-tr-ia4, -si
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-19
Unlisted Stocks

Approximate prices furnished by the Ma
tional Association OF Securities Dealers,
Inc District No 8
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-19
enc AGO

CHtChg0 1arg ia INS - BUTTER
ReDoi'F. t7.flt 'Ibf r0 quotations
fGGS- Receipts, 3. 500 cases. no QUO
fa'I.r.
CHEESE Twins 2fiE a2iac: daisies
prints and lunEh0rns q % 23t
LIVE POULTRY Closed
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-19

Truax-Trasr Coal Company and subsidi-
aries report for the fiscal year ended April
80. 1912. net profit Of ss45, 243 after
federal and state income taxes, excess
profits tax, equal after dividends on s per
cent and 5iL per cent preferred 70 sl.s6 a
share on 40, ISL common shares. This
compares with S432. 776. or % cents on the
common In the preceding year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-19
ANSWER TO LAST WEEKS PUZZLE

King Features Syndicate, Inc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25

WASHINGTON, June 25 (UP).
The Senate agriculture commit
tee unanimously approved legisla-
ton today TO establish a rubber
agency which would con-
troll and encourage the production
of synthetic rubber from farm and
forest commodities.
The measure authorizes appoint
ment OF a director at an annual
salary of $4,000 who would loan
money, construct plants and award
contracts.
The bill was introduced by Sena-
tor Guy NJ. Gillette CD, Iowa,
chairman of a Senate agriculture
subcommittee which has been in
vestigating the production Of in.
dustrial alcohol and synthetic
rubber.
The bill specifically prohibits the
director. who shall be appointed by
the President with consent Of the
Senate. from having financial OF
commercial connections with any
rubber company during his tenure
of office. Committee members SAID
that this is necessary 10 prevent
a repetition OF what has already
occurred in the War Production
Board"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
en- Promotions Made

c. f. Wilson. president Of
General Motors. today an
nounced the following personnel
changes;
c. s. Swayze, who has been
general manager Of the Delco
Radio Division at Kokomo. Ind.
has been transferred to the
Eastern Aircraft, division, Lin
den, N. j.. as assistant to L. c.
Boad. general manager.
Berry w. Cooper, who has
been comptroller of the Delco-
Remy divisiop, Anderson. Ind,
and OF the Dclco Radio division.
has been named general mana
ger OF the Delco Radio division.
J. d. O'Brien. who has been
production manager OF the In
land Manufacturing division,
Dayton. O.. has been n a m c d
gen eral manager, succeeding
Wallace s. Whitaker. who be-
comes a major in the United
States Army.
Wilson also announced that
the Brown-Lipe- Chaplin division
of the Guide Lamp division at
Syracuse. N. Y. has been made
a separate division OF General
Motors with Norman M. Ross.
works manager at Brown-Lipe-
Chaplin. general manager.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Bankers
Meet Here
Cancelled

NEW YORK. June 25.-Mem-
bers of the American Bankers AS.
ISOLATION throughout the country
were notified today that the sixty
eighth annual convention Of the
association, which had been sched-
uled for September 27-30 in De.
troit. has been Cancelled because OF
the growing wartime transpota'
ton needs of the country. This Is
the first time that an ABA annual
meeting has ever been called of
The decision TO cancel the con-
vention was made unanimously by
the associations administrative
committee.
Henry w. Koeneke, ABA presi-
dent. in a letter to members ex-
planning the move. said that il lis
in harmony with the request OF
Joseph s. Eastman. director OF the
Office OF Defense Transportation,
who has urged that all organiza-
tions with large memberships can
Gel or skeletonize their conven.
tons in order that uninterrupted
movements of troops and supplies
may be assured.
Since the constitution and by
laws OF the American Bankers
Association make no provision for
skeleton or restricted form OF
convention. such a melting Is nei-
Their possible nor desirable" Koen-
exc added.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Stocks, Bonds
Irregular in
Quiet Opening /.
Dow Chemical Moves W
Point TO lI3 as
en- Slips a Fraction

NEW YORK, June 25 (UP).-
Stocks and bonds opened irregular
in quiet dealings today. Cotton
futures ! point lower to 3 points
higher.
Stock prices showed a sitter
undertone Immediately after the
opening. but trading continued
quiet.
Dow Chemical moved up 1 point
Ito 113, while C. c. Murphy jumped
u points to IS and Chesapeake
and Ohio preferred sold at 93ls,
Iup 81. General Motors opened
at 36M. of n: Chrysler, SIN. up
v: Bethlehem Steel, SON. up ";
Republic Steel. 1917. unchanged,
and Du Pont 112h. up ".
Santa Fe eased Y TO 32%,
while New York Central sold at
I6h unchanged and equal to the
1912 low set yesterday. Johns
Manville frmed " point to san,
while Anaconda opened at 24H.
tup and American Tobacco B
| firmed u to 42%. Liggett and
Myers B opened at 81. up 4. and
then extended the gain to a full
point.
Trading continued quiet after
the opening and the market I'M
dertone was irregularly higher.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25

The drive to recover industrial
salvage in the automotive indus
try has already produced one I'M
result-the elimination
Of punctured tires.
This fact came to light today,
as first reports from the factories
at the headquarters of the
Council for War Pro-
on the progress of the
automotive industry's intensified
drive.
In connection with one COM
pany's salvage program. machine
was developed which promises to
become a standard industrial tool
with important applications TO the
nations conservation needs.
The machine was fostered by
necessity. Launching a thorough
house cleaning of an automotive
companys plants. salvage crews
transported so much obsolete and
idle equipment TO the scrap pile
near their factory railroad siding
that the plant pavements and
cinderized roadways became 1T
tered with small bits of metal
Because these dropped fragments
endangered rubber tires, the sal
wage crew devised and built a
vehicle which they call their
"scavenger.
This vehicle is a small wagon
fitted with four steel-rimmeo
wheels which were retrieved from
some junked farm machinery. II
carries a rebuilt automobile motor
which drives an electric gener-
ator The generator powers AT
which salvagco
from an abandoned foundry crane
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Air Filter Firms
Fined for Trust

NEW YORK, June 25 (UP).-
Federal Judge Henry w. Goddard
imposed fines totaling $4,000 to-
day on the American Air Filter
Co., Inc, of Louisville, KY, Drying
Systems, Inc. of Chicago and IL
persons associated with the COM
panies for Sherman Antitrust
Act violations.
The fines were recommended by
the antitrust division of the
Department of Justice after it had
filed information charging conspir-
acy since 1925 to monopolize the
air filter industry and restrain
trade and fix prices within the
industry. The information charged
that the companies and individ-
uals, in purchases from time TO
time, had bought up virtually all
competitors in the field.
The fines were paid after pleas
OF nolo contendere. and consent
decree was entered into by stipu-
lation.
A Department of Justice repre-
sentative said termination of the
investigation was of Importance to
the war effort because air filters
were essential to airplanes and
were installed in war industry
DlantS.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
.C.P.R. Increases
500 Line Control

WASHINGTON. June Is (UP).
The financial reorganization plan
OF the Minneapolis, ST. Paul and
Sault Ste. Marie Railway Company
was modified today by the Inter-
state Commerce Commission to in
crease the control OF the Canadian
Pacific Railway Company over -
lreorganizcd railroad.
The change would give tic
Canadian Pacific an option to pur-
chase 33 per cent. rather than 25
per cent. OF the common stock
sllocated TO other security holders
under the plan The purchase Of
80 per cent OF such stock, plus
stock allocated 10 IL on the basis
OF its holdings OF the bankrupt
railroad. would increase its voting
rights from 80 per cent to Is per
cent.
The ICC said the increased
amount OF stock obtainable by the
Canadian Pacific upon exercise Of
its option would give II IAN effec-
tive working control of the reor-
gained company"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Stresses Harmony Of All Groups

Certainly productive Is released when in place Of
warfare there disposition TO stress
harmony of all economic and sectional groups
The need is to translate into public terms the soca
significance private business institutions.
In order survive and institutions must attemP 10
sanctions OF social utility
social change and total far
stake than the prosperity OF few hundred brokers and
employees than the credit Of
reflected in the market appraisal of their securities
Unless mechanism for coang popular savings and divert
ing them through investment channels into tools and other
corporate then the whole machinery
100000 Americans subject to ganul
poymen produce and exchange goods placed in jeopardy
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Outmoded Stock Merchandising Outlawed

brochures entitled sell the business
product and "streamned financial statements
warned that the
security merchandising had been oulawed and
necessary replace il with legal and ethical
merchandising.
experimental approaches to this
especially advertising of large stock exchange
AT long last the leaders of the bourse thinking tenta
campaign Of
advertising which representative listed corporations viii be
invited participate.
such public education Is undertaken truthful and
will be merely self serving
will strengthen the economic foundations OF the United
States in and in
make their decisions the basis
intelligent instead Of prejudice the whole
Ia inygorated.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Philip Morris
Continues BonV

NEW YORK. June 25.--Despite
the fact that increased taxes and
IA larger working capital have de-
creased by nearly 100000 the
amount available for bonus distri-
button. employees OF Philip Morris
and Company this week received
their usual annual bonus. This was
made possible by action Of COM
Ipany executives who decided TO
reduce their own individual bo-
muses. rather than decrease the
amount allotted TO the workers.
Although only 100000 tas COM
pared with $500. 900 last year,
was distributed. each employe re-
Iceievd a full share.
The company enjoyed the most
successful sales era in its history
on all major brands during the
last year. II was stated by Alfred
f. Lyon. executive vice president.
in letter which accompanied the
bonus checks.
The increase was not only
greater In volume than any pre-
vious year. but also in percentage,
Lyons letter stated.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Auto
Graphs
Growing Cooperation
Between Auto. Aircraft
industries Evidenced

The auto industry and the air
craft manufacturing companies
have been pictured as great
rivals, IL not bitter enemies. The
talk has been that after the war
there would be a showdown be-
tween the two for supremacy in
the field that was invaded by
the car builders as a war
measure.
But instead. there Is evidence
Of growing cooperation between
the two. The latest evidence Is
the formation of a joint aircraft
war traffic conference to speed
production by expediting trans
portation. The conference will
act as q clearing house for re-
search. interchange Of expert
ence technique and information
on all phases of aircraft traffic
such as loading and shipping.
rates, routing. etc.
w. j. Goehausen. Curtiss-
Wright plane division traffic
manager. is chairman of the new
group and c. A. Sullivan. traffic
chief OF Fisher Body is vice
chairman. Kenneth A. Moore.
who heads the traffic division Of
the Automotive Council for War
Production is manager of the
conference.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Farmers Market

FRUITs-strawb.rries fancy, x585 90
2t-euart crate No. /; s3.oogE No; 2,
2t-at. crate. Red raspbsrries. No. 2, 50. 30
2s-at. crate; black raspberries. No. !, IS a
9 20.auart crates. Gooseberries. No. ],
s25om3 1o-ousr, crate. Currents. No 1,
Lettuce AND SALAD GREESs-H.ad
las; no. 2. 75can Lear lettuce. No. !,
80. soc p %:t.,o, kSoaipe So ,o b S9'
VEGETABLE cREEHs--coisrds. No. 4
s sa,ssi,, spiSaes No. ], sos ISe su.h:I
Mustard. No. 1. soa soc bush.i IL csSSss,
iss s Ss ' swiss eS ssiS. No 500 90
'0s vs sSief, MISCELLANEOUS =
hsparasus. fancy. n.25 y i.5s dos. bunches'
Ne NS / &. e Sa n s s ssss,s
doi. punches cabbage No. i. asa soc
bush.l. Carrots, No. /, soc doi. punches
wax beans. No. !: s3;5ogi bushsls srsen
30 !. 81 So su.n:I c.i.ty. G fancy zoe sc,.
punches No. 1. 400 soc: No. .. i5a
zoe. PIN, !oo soc Dor bunehs.. Konlrsbi.
No. 4. $50 1bc do,. punches. Onions. green,
Curly psr,i.s' No. /. sossoc do,. saneS..
Parsley root; No; I soosss 90, ssnsh..
Rsdishes. red. No. /. ssh soc doi. punches;
No. 2, soc: long white. No 4. 800 s5s
dor. punches. Rhubsrb asa s5c do,er
hunches. Tomatoes. dollhouse. No. 4. -. n
10c dox bunches No, 4, 81 bushel.
EGGs-Lsrse, $40 1880 30-dozen case
medium. sq1e.sO
POULTRY. Live hens. hssvy breeds. a
n 2Te IN. Isghorns % n 25c brofers. heavy
% h sic: lsehorn. 7i1 2sc h.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Dealer Mortality Low

Mortality among the new car
dealers in the first five months
OF the rationing era is only To
per cent, according to statistics
gathered by automotive and
aviation industries. There were
37,607 dealers In business on
June /. a drop OF 1882 since
January /. This is much lower
than was anticipated.
During 1871. new car dealers
decreased 3 per cent. Biggest
mortality year for dealers was
in 1882 when they declined 1915
per cent. Low point In the
mum Der of dealerships was
reached In 1884 with IS. 265.
Mortality rate among repair
shops, including new car dealers
and independent service stations,
was only "a per cent in the first
FIVE months of 1912.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Farm Group0K's Steel Output
Rubber AQen(y Sets Record

INDIANA HARBOR. Ind, June
25 QNS).-The Inland Steel Com
pany today claimed a new record
for the production OF steel plate
which goes into construction OF
Uncle Sans new Liberty ships,
A. p. Miller. assistant general
superintendent of the plant, said
that a total of ISIS net tons OF
ship plate was rolled in the con.
tinuous hot strip mill and shipped
10 the maritime commission dur
ing a single 24-hour run.
The steel is loaded on gondola
cars while il bears a heat of 600
to 700 degrees Fahrenheit.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
A Thrilling Story to Tell the Public

Unless the springs of capital supply are kept
healthy conditions laid for coectvaon OF industry
much through persuasion as by default
spite Of exceptional blnders and shortcomings American
industry, balance thrilling tell people
contributions rising living standards and the
of the of victory Industry appeal the
of the American people through revealing
how works hand in hand with invention and engineering
Industry should be automatically depicted dynamic
organism capable of adapting itself to the changing needs and
aspirations OF the people.
broad nerpetae understanding industry and finance
should their and not about what their de-
may saying They should the
of objective truth and should eschew temptation to
They should fundamentals of the Amer
way defending only defensbe from broad gagged
public viewpoint
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Detroit Produce

APPLEs--WaShington boxes; Winesaps
extra fancy i3ss-ie3s. 3.3o $50, Tbs
hstk. U. s. No. ! Ain. min. yellow Trans
BEANS = Maryland bu. hprs. Black
Valentines, $500 LIS; ordinary 10 fair.
Pitntifuis. sii5 so: Wax Beans, ord.
nary 10 fair, N9l.75; New Jersey bu.
essk' Bcuntiful', $50; Kentucky Won
cANTAiouPEs-salmon Meats: Cali.
fornia Imp Val Jumbo crates, 2Ts 50. rs:
Jumbo 3es, N.509i75: Jumbo ass. rs
rs: std. ASS. 81 so: Arizona Yuma Dist.
most stock slightly green. jumbo crts ats.
g. 500 3Is; Jumbo sss. H.25gA5o; jumbo
HoNEYsALIs-canfornia Jumbo ers.
ass. s.. IS; stsd. ass. A75; pony 54s.
cARRorsL. 4; er,s. 8 do1 seh.
1850: Arizona. 81 100 as: Texas bu.
bssk., toppso washed. 81
CELERY--cslhornia crts Pascal. 2-2x
doz.. 50 ~; Michigan Golden Heart. dof
bchs.. zoe; flau. rs bchs.. few sl.25.
coRN-Aiabsns sacks whites. oo1
some worrny fair condition. si.50di.75.
CUCCMBERs-B Blu. bssk.. including vss
stock: North Caroline. fancy. is.isss.1s;
south csroIins. fancy. ,saa.as; choice.
81 49, so: large siss slicsr,. "a 50: pic.
hles, s2"2.75; dollhouse. indiana bssk,
doy s~~ish. ~. Gov 50.
oNIoNs--to-1b. sacks. TEXAS yellow
Bermudes. Y. s. commercial. s0es or NOR,
" =. No. 1 and y r. No 81 so =,
SO fair si.2sai35 Jumbo sire yellow,
Is so Crystal White Wax. U. a
No !. $3.50 IS. fair. 81 -. hmbo sin,
N.55; fair. ~ Balboa. L. s, No. / Pin
and lsrger. n.7s; 2.3.in, sire. 81 1901 30
:. PoTAToEs-ioo.lb sek' csiiforni,
Y. No. washed Lont Whites 50 a
So Ne ~ 1890, Ss c cSrh csrg ~ :,
sass; mostly R's:ssso vipsisI., I !. : :
10 !. unvashsd cobblsrs, 81 5otaso
A Z, .ss Is, u g No. y .ss Triumph.
So Z S. No. i. washed Long wbii.i
81 e. $50 Y s commercials. IN mssi
bsss s7s5aa75, south csrolina. U. 9
No ]. Green Noun,sIns sass
SWEET POTATOES Puerto Rioai
- 10. waved, t2.i5h725
TOMATOEa--i0.Ib cartons mediums
repseksi 81 49, 251lb. hugs. repaeks. 81 81
I265 HothouEs. s-Ib. baskets. medium
OHIO. 81 20gi.36: ordinsfy. 75e; Indians
8 as; original iugA Tetss u s. 40 I
green ripe and turning wrapped 6Ns sn,
larger ~ 35ha50; Mississippi sxs ant
larger 81 4oH15O.
WtTERMELoNs -Florios. per mellon
Csnnonbslis ~ ibs. j0n So Is lbs
~ = 6bc 90 he. 50 q s5c; - ms. s5c
Tom Nsfspnf - Ibs 80 y So - he
tOc soms so 80 ibs.. So - ibs e5c
Cubsn ouesns % ne 90 " fjc - Ibs
80 SOC 30 lhs SOC BARN Kansas. q
ne. Ssci Dude Creeks 2s ios, sOc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
BUSINESS
Lewis Haney
Lewis f1dney
Industrial Output
Holds at High Level

The latest monthly statistics Industrial production
is high level The only questions
level be maintained? What the meaning OF the
decline in retail and wholesale sales?
for the present high production level has been
and accumulate inventories
AS periods Of inventory accumulation the total poduc-
much greater than required by current con-
In necessity OF
of the implements and munitions of war has been ADDED
the scare buying Accordingly
illustrations iron and steel production ana
production at recodbreang peak levels ana
been for months
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25

Mr.. Whipple, of Chicago,
has been nominated for the
presidency of the Investment
Bankers Association of Amer
lea, it was disclosed today by
John S. Fleek, of Cleveland,
president of the association.
Whipple is at present vice
president and has been a mem
Der of the board of governors
since 1888. Annual election
will be held in October.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Many Wholesalers Report Reduced Orders

shelves of the stores are so well hed some
and the statistics OF depart
en store large increases Accordingly
a m wholesalers report reduced orders
distributor of goods has
level with relation to the production
Of such goods. -.
basic materials are mostly moderate or
and inventories
In and zinc declined to very low
levels The latest comprehensive figures which are Tor April
show inventories quite low In comparison
untitled orders with production
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
On the Business Front

OF the Pyramid are working out
perfectly. And reiterated his belief
that the Union Guardian Building
is destined TO play an important
part in world history.
/ asked Cedric for some inside
dope on the war and here it is:
The Pyramid indicates that the
war will be won by the United
States but before il comes true,
we will have suffered serious re-
verses and in the end will have
only the English speaking nations
as Allies.
Britain is destined to lose Egypt
and Palestine and the Near East
and the second front will be In the
African Uganda with American
British engineers diverting the
Iheadwaters OFF the Nile into the
Sudan in order to turn Egypt into
vast desert.
Now il you question all this,
don't blame me-blame Cedric or
the Pyramid.
Happiest man in Detroit today
is Earl Failor. vice president of the
National Bank of Detroit.
Earl was in charge Of hotel &C.
lcommodations for those attending
the American Bankers Association
convention here. 1t was called off
To date. the job has been one
big headache with each out OF
town banker demanding an outside
suite with southern exposure in
one of the two hotels which were
scheduled 10 be the convention
headquarters. In every case, the
man claimed either TO be an inilu-
ential customer Of Earl's bank OF
an influential member OF the ABA
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
MARKETS
M. S. Rukey.er
M S. Rukeyser
Executives Backward
In Selling Business

II men institutions survive in competitive
society and willing compete for
popular approval in the realm OF ideas
products and services, commercial
and financial backward selling the BUSH
nes commodity and selling enthusiasm for the
business
Accordingly they have needessy suffered through permitting
political take the initiative and with
ball
for decade and lack Of eec
security merchandising the flow OF capital
which the whole private enterprise system dependent
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Foster Wheeler Stock
EXCHANGE Extended

NEW YORK, June %. 49, FoS-
ter Wheeler Corporation has ex-
tended 10 July 81 the time in
which the old 81 preferred stock
may be exchanged for the new
prior preferred stock. The ex-
change IL at a rate Of one share
of 81 preferred for six shares OF
the new 8 per cent $25 par prior
preferred and two common shares.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-06-25
Shown by Small Setback in Commodities

But some change recently occurred shown by such
retail and the small setback In
commodity prices In general the demand for many products
has slowed down by decline In PV line
To begin with one should inventory accumua
ton phase of cycle appears ended The public seems
clothing and grocery
addition being stocked up many consumers nnd
prices stabilized time into growing tax and
spending Restricted nstament credit
also factor Despite extraordinarily high level OF consumer
purchasing and continued gains In factory pay Tolls con-
buying is relatively low.