davidaulloa/AmericanStories huggingface dataset:
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-08-05
POSSIBILITIES PROBED

The building of these plants
requires lot of critical materi-
ais, particularly copper and steel.
In fact, big part of the draw
back in expanding the synthetic
rubber program has been the
scarcity of critical materials for
the plants. Wright Gary's dis
coveries of suitable butadiene re-
finery equipment already in ex-
istence are important, therefore,
because they show that about 30
per cent of this 8,000-ton pro-
ductive capacity may not h~:e 10
be built, or that butadiene can
be produced sooner than had
been hoped, or that butadiene
and synthetic rubber programs
can be expanded, or that 80 per
cent of the critical materials
scheduled to go into the buta-
diene plants can be diverted to
something else. Gary's report
makes it clear that this Old
equipment is not 100 per cent
complete for use as is. But he
estimates that it is 80 per cent
complete, and will require only
10 per cent more critical mater
ials to put it into operation.
Putting this equipment into
operation simply requires that
the refineries which now have
idle units swap among them
selves or pool spare parts in such
a way that complete plants can
be assembled.
The moral of this virtual find
ing of 100000 tons annual buta-
diene productive capacity is ex-
actly the point that Henry j.
Kaiser makes when he says he
can tool UP his shipyard for the
manufacture of cargo planes by
improvising, by picking up idle
machines from all over the
country and putting them to
work.
SCRAPE FOR SCRAP
Discovery of this idle equip
ment in the petroleum industry
didn't just happen. 1t was an
organized search. Three months
ago, the Office of the Petroleum
Co-ordinator put up to the Pc
troleum Industry War Council,
" HIGH is the fancy named trade
association of the big shot oil
company executives, the ques-
ton of whether the refineries
could make butadiene in exist
ing cracking units and stills.
Some 1000 questionnaires went
out and about the same number
of reports came back. Technical
experts were put on this job,
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-08-05

toward him. 1t is a three-to-one
chance that East will not hold
both heart honors. And that way
/ can still switch to developing
the queen of diamonds if, after
/ have given up one heart, it
looks as though East has the 9TH
er heart honor too"
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-08-05
. FROM
THE MONITOR
FILES .
SIS YEARS AGO TODAY

SIS YEARS AGO TODAY
1887
The PresbyterianS had
good crowd on their excursion
Tuesday.
The steam thresher has taken
the war path and runaways will
be in order.
so YEARS AGO TODAY
1882
Avery & Avery are putting in
large stocks of boots and shoes.
The New York authorities
have shut down on the Sullivan
Wilson fight. s
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-08-05
TAKE CARE OF YOURSELF

TAKE CAKE VI IVONS6G1
More Americans will die this year. because OF
civilian accidents, than we're k'l'eo by the oeo'''
in the first World War;
More will be injured than in the biggest
ornov we ever roised the World War army including
front line fohters Service of Supply workers, and
those who never oot further than preliminary training
camps in the United Stotes.
As many will be permanently incoPoototed by
injuries as the totoI Of American soldiers wounded
during the first World War.
Individually, there is nothing sensational about
most accidents The victim suffers SO do his wife, his
children and his other relatives His friends ore sorry
Perhaps the community helps for his dependents
It's too bad we soy, but he should have been more
careful.
In the aggregate, the time has passed when we
can take this dspossionote approach to accidents
The National Sofety Council with the expressed oP-
provo and support of President Roosevelt and Donald
Nelson is trying to reduce the accident trend as q
war measure.
Lost year four million workers were in ured,
three-ffths away from their jobs Fifty thousand OF
them died. Another 10000 we're permanently dis
obIed The rest were kept from work for greater or
lesser periods.
This year, with employment up, the first five
months experience forecasts 100000 injuries,
81, 900 deoths, 80, 600 permanent injuries.
From the war production standpoint this is
mighty serious It meons the National Soety Council
computes, thot we shall lose five hundred million
non-doys Of labor, at time when we are pressed to
find enough workers to core for our mlitory needs
Half billion mondays is equivalent opProxi-
noteIy to two million men working fifty 4O-hour
weeks.
Those two million men enough to provide the
labor for building 7 bottIeships, o25 destroyers,
or a. 900 flying fortresses or no. 600 fighter planes,
or 81, 500 light tanks.
In time Of war we cont evoIuote lost labor in
terms Of nnon-doys or in humanitarian terms.
We have to think in terms Of armament and NUM-
tions-the tools with which civilization, we have
come to know it, is to be soved from the Huns
It is up to every worker, and every workers fom-
lily, and every empoyer-ond then to the public os
whoIe-to fight the mounting curve Of accidents,
both within the factory and outside.
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-08-05
YOUR TYPEWRITER

YOUR TYPEWRITER
The Army and the Navy need your typewriter, on
5oo, 500 more. They will poy the full used price 70
them
Uncle Sam could have Ypewrters made
Thot would use up critical materials needed 70
weapons. He has bought oil the extros thot bushes
firms could spare but needs more
Is the work you do on your typewriter as mporton
as what the Army and Navy need it for? If not, an
the machine was made since Jan. |, 1895, here's
way to help beat Hitler.
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-08-05
BY PETER EDISON
MOnitOr-Leader
Washington Correspondent

You never know what you'll
find till you start to look for it,
and that applies particularly TO
the COLLECTION of junk in war
time. Take the experience Of
Wright w. Gary, for instance.
Mr.. Gary is director of refining
in Harold Ickes' fancy-named
Office of the Petroleum Co-or-
dinator for War, known for
short as OPC. Mr.. Gary has just
returned to Washington from 4
months tour of u. S. oil refin-
cries, and he has found, of all
things, existing idle refinery
equipment which can be assem-
bled in some 80 different refin-
cry areas and by the ENG of
the year be put to producing
100000 tons of butadiene a year.
Now this is important news.
Butadiene, you'll recall, is the
essential raw material that goes
into synthetic rubber. Mix APP
proximately 80 per cent buta-
diene with 20 per cent styrene,
let 'em polymerize, which is the
fancy chemical name for build
up" and Buna S synthetic rub
Der comes out here. The govern
ment's synthetic rubber program
calls for the manufacture of Blu
no S synthetic rubber at the rate
of 100000 tons a year, 48O, 900
tons of it to be made from petrO-
leum products. To produce the
butadiene going into this Buna
S rubber, the Rubber Reserve
Company has let contracts for
the construction and operation Of
some "a butadiene plants, pro-
ducing an average of $1,000 tons
of butadiene each, or a total of
somes $4,000 tons. Shell,
Southern California Gas, Hum
BILE Oil, Atlas Oil, Koppers, Sim
clair annd Cities Service are each
building one butadiene plant.
Standard of Louisiana, Neches
Butane and Rubber Synthetics
are building two apiece, and
Carbide and Carbon Chemical
are building 10. First of the
plants will start producing in
September of this year, and the
last in August, l943.
Evening star., 1942-06-07
United States Treasury Position
California Oregon Power
Files Plan With SEC
BY the Associated Press.

BY the Associated Press.
PHILADELPHIA, June 6.-The
Securities and Exchange Commits
sion announced yesterday that the
California Oregon Power Co. and
its parent, the Standard Gas 81
Electric Co., had filed plan of
recapitalization for the power COM
pany which would eliminate gold de-
bentures, reduce preferred stocks
increase and change the par value
of common stock and provide for the
issuance of 50, 500, 900 in notes.
Tobe eliminated are $500, 900 of
5i2 per cent gold debentures, series
A, due October /. The common
stock, now without par value, would
be made s25 par value per share
which would raise the value of the
8,061 shares from $6,847, 100 to ST.
100000.
Standard Gas & Electric, on its
part, will surrender to the subSid-
iary for cancellation its holdings Of
the power companys securities, to-
falling s3.215 900, including s2,375 900
Of the gold debentures.
The total gold debenture issue
would be redeemed after sale of the
notes.
The SEC set June 81 for hearing
on the proposal.
Evening star., 1942-06-07
CommodityPrice
Chongesin Week

NEW YORK, June 6.-The Asso-
ciated Press weighted index of prices
of 35 wholesale commodities regis
tered its fourth straight downturn
during the week ended June 5, de-
cling to 9799 per cent of the 1925
average from 98.78 per cent the
previous week A year ago the
measure stood at 85.75 per cent.
Bituminous coal advanced but
other industrial categories showed
slight losses and that index was of
0.02 from the previous weeks figure
of 1897.
In the livestock section hogs and
cattle were big losers. Estimates
that the spring pig crop would be
Is per cent higher than in 194l
was one depressing influence. Lambs
also showed some losses.
The grains and cotton division
was at new 1912 low of l04.85 from
107.03 the previous week. Cotton,
declining until assurance was given
that import of duty-free war COM
modities would not affect domestic
prices, was the biggest loser, but
corn, wheat, oats and rye also dipped.
Butter advanced in the food sec
ton but that category, as a whole,
fell of 0.28 per cent. Textiles were
at new 1912 low.
Components of the index with
comparisons were:
Evening star., 1942-06-07
Rail Bonds Extend
Recovery Started
Al Midweek
Selected Utilities Up,
IndustriuIs Remain
In Narrow Runge

Py the Associated Press.
NEW YORK, June 6.-Rail loans
IN the bond market today extended
> the recovery that started at mid
week after a protracted decline.
. Utility loans were selectively higher
while Aindustrials held to a narrow
range.
Another market highlight was
strength in Pacific British flag issues
on official reports of heavy japanese
losses in the Midway area naval
engagement. Australia AIS and SIS
posted fractional gains and New
South Wales SIS climbed about
points.
Showing buoyant action in the
rail division were st. Louis South
western first As at 78, up 2; New Eng
land Railroad As at II, up Az, and
New. Haven collateral IS at 59l2, UP
IL. The two latter moves were in
response to the Federal courts order
authorizing payments by the New
Haven Railroads trustees of $l3,-
645,000 in bond interest.
Other gamers were Illinois Cen
. trail As at 42a, Louisville & Nash
vile 412s at 90, Pennsylvania Az OF
so at 12112, Southern Pacific re-
findings As of SIS at $3.50 and Port
land General Electric 4l2S at 8514.
United States Governments were
, quiet and steady.
Transactions totaled $2,294 500 face
value, smallest Saturday volume in
several months.
Evening star., 1942-06-07
Plans 10 Advertise
For Steel Scrap
Stir Interest
Companies Will Pool
81 SOC, 900 or More
For Campaign
BY the Associated Press.

BY the Associated Press.
NEW YORK, June 6.-The steel
industrys plan for campaign to
encourage scrap collections high
lighted the metals markets this
week.
Under the program the companies
planned to pool 81 100000 or more
for advertising throughout the
country.
While scrap has been flowing to
steel mills at rate sufficient to pre-
vent shutdowns, industry sources
said, there has been no accumula-
ton against the normal fall-off that
comes with cold weather.
At the same time there was talk
of pairing the original 10000, ,O00-ton
expansion program to around g.
100000 tons of new capacity. Sim
ilarly, pig iron circles talked of a
reduction of possibly one-third in
the proposals to construct 26 addi-
tional blast furnaces.
There were few developments in
the non-ferrous metals markets.
A boost in the price paid for Bo-
livian tin to go cents pound, f.aS.
Chilean ports, was under discussion.
Such figure would give the pro-
ducer much larger return than
the apparent 10 cents over the pres
ent so cents pound. which is elf
United States ports, because of
freight, smelter and insurance
charges.
A more liberal supply of copper
was released under June ALLEGATION
certificates, some estimates of the
months tonnage running between
100000 and 10000 tons.
June ALLEGATION certificates for
zinc arrived with the beginning of
the month, inaugurating full Gov
ernment control over distribution of
the white strategic material.
The lead emergency pool" was
left unchanged at Is per cent and
virtually all that tonnage was re-
leased by War Production Board
orders. The total consumption for
June, however. was expected to hit
a new low for some time because
of conservation orders and the ex-
ceptionally heavy June stockpiling
Of foreign supplies.
Non-ferrous metals prices were
unchanged: Domestic copper, II
cents a pound. delivered Connecti-
cut Valley base; export, 11s. cents
f.a.s. New York; lead, $50 cents a
pound, New York. and 6.35 cents.
st. Louis; zinc, 8.25 cents a pound,
East st. Louis.
Evening star., 1942-06-07
Advertising Circles Pleased
By Morgenthau Assurance
Special Dispatch to The Star.

Special DlSpaIcn 10 Inc Star.
CHICAGO, June 6.-The state
ment of Henry Morgenthau, jr., Sec
retary Of the Treasury. to the Joint
Congressional Committee on In
ternal Revenue Taxation last week
was described today by Advertising
Age as the most reaSSuring news
regarding advertising which has
come out of Washington in recent
months.
There have been many rumorS
and much speculation regarding pos
sible governmental restrictions on
advertising during the war period" J"
Advertising Age will say editorially
in its next issue. Most of these re-
ports were based on unofficial or un-
authoritative comments, but they
had some effect in unSettling the
situation for advertisers.
Now the Secretary Of the Treas
ury, the most authoritative figure in
the Government as far as taxation is
concerned, makes the fiat statement
that reasonable advertising activ-
tiles, including institutional or good
will advertising, will continue to be
deductible as items in business ex-
pense for taxation purposes.
This maintains the traditional
policy of the Treasury, established
over long period, during which ad-
vertisers have been permitted to
make any expenditures within rea-
son for Short-term and long-term
promotional purposes. That this
policy will be continued is definite
reinsurance to advertising and media
and will undoubtedly result in more
aggressive advertising programs on
the part of most successful COM
panies."
Evening star., 1942-06-07
Large Hog Marketings
In Fall Likely 10
Tax Facilities
Trade AIreody Worried
Over transportation
And Other Problems
Wide World.

Wide World.
CHICAGO, June 6.-With the
spring pig crop estimated at about
25 per cent higher than in 1941, live
stock circles already are beginning
to worry over facilities for handling
these pigs when they come to mar
ket this autumn and winter.
Ordinarily all facilities-including
transportation-haye been able TO
cope with the problem of peak hog
marketings without any difficulty.
This winter, with an unusually large
supply expected, there is some doubt
about the ability OF the system to
function as well as in the past.
The spring pig crop is estimated at
about 81 900 900 head, which would
compare with $4,000, 900 head in 1941
and 1910. Not only plant, but also
transportation, facilities may be
strained at the peak period for mar
keting this huge crop. Many pigs
come to market in trucks, which ride
on precious rubber, and railroads
must meet numerous demands for
their services.
The peak Of the winter hog move
ment usually occurs in a period Of
two or three weeks in December and
January. Looking into the future.
the Department of Agriculture has
suggested that If the heavy mar
keting period could be spread over
several weeks, rather than con-
flrmed to two or three, the potential
capacity problem could be solved.
Prices worked lower on the hog
market this week, closing near the
lows. Losses averaged about Is cents
on all weights and sows.
Steer trade closed slow and about
steady with a week earlier. Heifers
dropped about IS to 40 cents.
Weighty sausage bulls advanced 10
to Is cents, but lighter kinds were
weak.
Lamb marketings were seasonally
reduced and prices not much
changed from a week previous.
Evening star., 1942-06-07
Dividend Meetings

=, NEW YORK, June tSpeciaD .-Amons
the important companies which will hold
dividend meetings this week are Addresso-
graph -Multigraph Corp, American Brake
Corp, Noblitt-Sparks Industries Inc and
Underwood Elliott Fisher Co. A list of the
meetings of companies definitely scheduled
is reported by Fitch Investors Service a,
follows:
Monday. June 3.
Grant tW. IT, Co, SO pfd and com
9:3O am.
Noblitt- Sparks Industries, Inc. CON-
10 am.
United Fruit Co. COM, $3.50 pm.
Tuesday. June ..
Addressograph Multigraph Corp. com.
IL am
Briggs Mfg. Co. com, pm
Capital Administration Co., Ltd, S3 pfd
"a" 12 noon.
Howe Sound Co com. a:45 am.
Pond Greek Pocshontas Co com. 8 pm
Trl-Continentsl Corp, So pfd.. IL noon
Wednesday, June 10.
American Brake Shoe & Foundry Co.,
5Hseo pfd. and com, 1890 a m.
continental Baking Co., So pfd., 4 Pm
Cream of Wheat Corp. com, IL am
Mahoning Coal r. r. Co., SO pfd. and
COM, 1850 am.
Thursday. June II.
California Packing Corp. Sc pfd. and
Reliable Stores Corp, pfd and con-, 10
an.
Underwood Elliott Fisher Co. com, s:45
am.
U. 8. & Foreign Securities Corp, 81
LIST pfd., 10:30a m.
Friday. June IT,.
Central Aguirre Associates COM, 10 am.
Evening star., 1942-06-07
More Cotton Cloth Offered
To Civilians in Week

By the Associated Press.
NEW YORK, June 6.-Mills loos-
ened up this week on offerings of
cloth to civilian buyers, volume esti-
mates for the period ranging be-
tween 10000, 900 and 10000 yards,
mostly for third and fourth quarter
delivery.
The sag in raw cotton prices,
permitting a better margin for op-
Grafton under cloth ceiling prices,
was credited. Nearby deliveries con-
tinued scarce with most mills well
sold up.
Wool textiles trading continued to
be stalemated by price ceiling un-
certainties. Retail movement of
mems clothing shrank. Conferences
were under way on the seasonal order
which some trade quarters claimed
was unworkable. Mills continued
turning out goods for military use.
Rayon textiles for sports wear
moved fairly well at retail, trade re-
ports said. Converters, anticipating
a further cut in available supplies
through loom diversions, sought to
fill requirements.
Inventory limitation discussions
kept demand in most quarters to
modest limits.
Evening star., 1942-06-07
InstuIIment
Continued From Page C-5D

is further regulation likely to be
severe, because of the danger Of
discouraging licensed companies
and encouraging loan sharks"
Taxes to Cut Profits.
Increasing personal income taxes
and the possibility of Withholding
taxes and enforced savings will tend
to stimulate borrowing, especially
since living costs will be high. On
the whole, personal loan volume
will probably continue at rela-
lively high level Increased corpo-
rate income taxes, however, will
reduce small loan company earnings.
Despite a continued favorable COL
lection experience, leading small
loan companies have steadily built
up reserves for possible losses on
receivables to the highest levels in
many years. One company, for ex-
ample, had 1941 year-end reserves
which exceeded the largest annual
gross write-off of the past 13 years,
and which were more than three
times the average gross annual
write-off. for the period.
Evening star., 1942-06-07
Increased New Haven
Payment Authorized
BY the Associated Press.

by lne Associated Press.
NEW HAVEN, Conn, June 6.-The
Federal Court yesterday authorized
trustees of the New Haven Railroad
in reorganization, to pay sl3,645 sos
in bond interest, an increase of
1914 900 over the original petition
filed May 81.
Judge Carroll C. Hincks' action al
lows the trustees to pay the interest
coupons on all the so-called under
lying bonds up to and including
June l with the exception of the
airline" bonds.
The payments authorized were
semiannual interest installments on
the Housatonic, Harlem River &
Port Chester; Danbury g. Norfolk,
New England Railroad, Central New
England Railroad, New Haven e.
Northampton and the New Haven's S
first and refunded mortgage bonds,
including those pledged as collateral.
Evening star., 1942-06-07
Delay in Death Sentence
Denied 10 United Corn.
BY the Associated Press.

PHILADELPHIA, June 6.-The
Securities and Exchange Commission
declared yesterday that the $751;
100000 United Corp. can lay no
claim whatever to any participation
in or relevance to the war effort
and denied the holding company's
motion for suspension of death
sentence" proceedings for the dura-
ton of the war.
In reiterating its oft-Stated inten-
ton to continue strict enforcement
of the Holding Company Acts Sec
ton IL (b), the SEC declared:
"' - 1t appears from the evidence
already adduced that United is at
the apex of an extended pyramid,
exposed to wide fluctuations in its
income.
1T Is q Super-holding company
imposed over other major holding
company systems. The record indi-
Gates to date that it is so far
removed from the base of the pyra-
mid-the operating companies-that
its personnel appears to have little
or nothing to do with the production
and distribution of power to con-
sumers."
Evening star., 1942-06-07
Some Dried Staples
Exempted by OPA
By the Associated Press.

by tDt hSSOclateu rTcss.
Agricultural commodities such as
peas, lentils, seeds and hops which
are dried are considered to'be "un-
processed' and therefore exempt
from the general price ceiling, the
Office of Price Administration has
ruled.
Under the original definition OF
processing, drying constituted proc
essing. Any farm product dried
was. therefore, subject to the uni
versal price ceiling.
However, dried fruits and dried
berries-other than dried prunes-
are covered by the universal ceiling
as are all dried imported agricul-
tural commodities. Prunes are ex-
cepted because their price has not
risen to the necessary levels speci-
fed by the Price Control Act al
which a ceiling. may be imposed.
Evening star., 1942-06-07
| Grocery Group
Changes Name
To End TongIes
BY the Associated Press.
The position of the Treasury June
sy TIE Associated Press.


NEW YORK, June 6.-The AGMA
"got all kinds of requests-ranging
from pleas for advice on how to
remove warts to orders for photo
graphic equipment"
This was why, the Grocery Manu-
facturers of America, Inc, tGMA)
said today, the name was changed
from Associated Grocery Manufac-
turerS of America.
when we were known as AGMA,"
Paul S. Willis, president of the
group, said. those four letters were
always pronounced as one word and
gave no hint of our function to the
public.
THE new name has the virtue of
telling just what and who we are
the Grocery Manufacturers OF
America And I defy any one to
take the letters G, M and A and
make one word out Of them-with-
out sneezing!"
Evening star., 1942-06-07
Pacific MutuuI Honors
D. 6. General AGENT

Raymond A. Du Four, Washington
general agent OF the Pacific Mutual
Life Insurance Co., has been elected
vice president of the General Agency
Association of the company as a
reward for outstanding production
The association constitutes a
policy-forming unit for the COM
pany's agency activities, and meets
at the home Office in Los Angeles
three times a year.
Evening star., 1942-06-07
FOREIGN Exchange

NEW YORK. June 6 LP.-Closing for
.ign exchange rates follow tGreat Britain
IN dollars, others in cents):
Board rates for United States dollars: Buy
Ing, 10 per cent premium; selling, ! per
Canadian dollars in New York of buying,
p.91 per cent: selling. 900 per cent.
Canadian dollar in New York open mar
United States cents, UP "a cent.
Europe-Great Britain. official Bankers
Foreign Exchange Committee rates.. buy
cables. S4.04.
Latin merics-Argentins oficiai 2e77;
free, % So Brazil, ofhcisl, 6.05n; free,
& 20n; Mexico 20.6fn
Rates in spot cables unless otherwise
indicated. Nominal