Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-01
On the
Business
Front

DetFeit Times Financial Editor
Two plus two equals three
The following was taken from 2
UAW-CIO bulletin.
Every worker in the JAW
CIO has n sacred obligation To
the workers, 60 the world. 10 the
boys In the armed forces: 10
maintain uninterrupted prOduc-
ton: Ca increase that produc-
ton
That bulletin was signed 10y
Richard l.. c. Deverall, educational
director Of the UAW-ClO.
Last week. Deverall was FIRED
by a unanimous vote Of the eNecu-
tive board of the UAW-CIO.
Last week. Wyndham Mortimer
was HIRED by the unanimous
vote of the executive board of the
UAW-CIO.
Here is Mortimers background
AS an organizer for the union,
he was one of the key figures IN
the notorious. production Gripping
North American Aviation strike OF
1871.
At the time, JAW leader, Rich
ard T. Frankensteen said:
''If he's not a member Of the
Communist Party he's cheating
the party of its dues"
Two plus two equals threei
Detroit has a girl problem!
Capable office help in this area
is so scarce that missing commas
are overlooked and mattresses and
servants are coddled. So says the
magazine Business Week. anyway.
In less than a year, the average
starting rate for Stenographers has
Jumped from S25 10 $35, according
10 the BW survey.
Where few short months ago,
IL was possible 10 get a girl fresh
from business school or high school
for SIS week. now YOU must pay
SIS.
The aristocrats of the typewriter
are the girls in the front Offices OF
the defense plants who are draw
ing down $40 a week or better in
base pay and with time and a half
for overtime. frequently have $50
or better pay checks.
One employment agency here
told the BW representative that
1000 skilled girls could be dropped
into Detroit tomorrow and they'd
all get jobs without diSplacing any
present workers.
In the restaurants, base rates OF
SD to SIS plus tips have jumped
to SIS TO SIS plus tips and $50 is
not unusual.
Largely responsible. Of course. is
the competition from the factories.
Where girls wouldn't think of get
ting their hands dirty for s. or Sl0
extra. weekly pay checks OF $50
and SEQ a week and more have
given their pride a bad beating.
A 1914 per cent pay increase or
more. has made many girl salts
fed 10 don overallS and ruin her
nail polish.
And the outlook is that the
situation VIII be worse!
Notice was quietly served 10
automobile dealers that they'll
have to keep their cars up to snuff
if they expect to be paid mainte-
nance by the government.
Over the weekend. four govern
ment agencies co-operated in put
ting into effect a program which
will guarantee that Uncle Sans
backlog of new cars will be pro-
tected from depreciation due 10
neglect
A WPB order sets up 1S specific
maintenance operations 10 be fol-
lowed in properly caring for We
hicles.
And OPA added a clincher in its
ruling that additions to maximum
wholesale and retail process may
be made only if the cars on and
after September 30 received the
proper care while in storage.
How does one buy securities +?
What is the difference between a
cash and margin account?
These and many other questions
are asked every day by the new
investors. II they get the proper
answers. they sometimes buy. II
they don't get the right answers
they are lost 10 the industry
sometimes forever.
To insure that potential custom
ers get the right answers without
color and without high pressure
sales talk, the firm OF Merrill
Lynch. Pierce. Fenner e. Beane
has put out an interesting little
booklet entitled Questions and
Answers"
II presents clearly and concisely
the answers TO such questions as
What taxes are my transactions
subject to! What commission vii
/ have 10 pay? Also many others
In short IL does a swell Job.