davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
TAN KEY TO VICTORY
a bad tax hill can help lose

the war" COWdln warned
In Us proposals, the NAM also
urged Congress 10 consider con-
pulSory savings program for the
general public as an anti-lnila-
tionary measure. but flayed the
much talked Of Withholding tax on
The grounds that its imposition
would require the services OF r.
600 additional government en-
ployeS and countless other workers
IN private business.
The enforced savings, as in the
case of proposed bond purchases
hy business firms 10 create sink
ing fund for postwar. rehabilita-
ton. would be invested in non
interest bearing ave II ~ q n I
securities maturing at specified
intervals al the end of the war.
Such bond purchases 10 limited
extent could be deducted from
current tax returns.
Yesterday. the Senate committee
heard the tax proposal read by
Ellsworth c. Alvord of the United
States Chamber OF Commerce in
which the chamber also came out
in favor of q general sales tax OF
10 per cent, plus an all-inclusive
Withholding tax calculated 10
produce additional revenue 10 the
extent of $40 600 600
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
North American
Pays in Edison

NEW YORK. Aug. 13.--North
American Company has declared
another dividend on its common
stock in form of one share of De.
trot Edison Company common
stock on each 50 shares of North
American common. payable Octo-
Der | to stock of record Septem.
Der ;.
Similar distributions were made
in each Of the last five quarters
As in past the disbursement is
subject TO approval Of SEC.
At the same meeting directors
voted TO redeem September II
81 100000 more OF the company
outstanding debentures 32a pei
cent series, due 1854. at 1921 pei
cent plus accrued interest.
Giving effect TO pending redemp.
ton North American will have
retired S27.675,000 of its deben.
ture Indebtedness since April Il
last year, reducing amount out.
standing to S42, 325,000 from S7o,'
100000.
North Americans holdings o.
Detroit Edison stock now amount
TO 57.29S shares or 7l9 per cen
Of the total 1851, 300 shares out
standing. Upon payment of tht
october dividend. the Nortl
American Company will have re
duced its holdings in the Detroi
Edison Company 10 approximately
302 600 shares or 4a4 per cent o
the total outstanding.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
MARKETS
M. S. Rukeyser
NJ. S. Rukeyser
Karl Marx OutmOdelI
Nv Modern Science

The colectvis,s who would ultimately give the the
buns make their schemes CLAM
by Of enticng phraSeS Y
In wall Street, there Nechnica phrase describe such
In finance when the stock unrelated
business behind the financing. operation known
blue similarly blue sky the theorizng by political
scientists and by their box satellites
II dSSeice Karl Marx seek 10 make him oracle
problems Of which uniformed
n md-Vcorian period which he
made his observations earlier epoch before the
revolution of the modern power
lie dire prophecies of retrogresSon the hresh-
of productivity.
Although predicted that the lot the workngman would
progressively the be In the
United and other countries weeks work
and better things the workngmans family than
ever before history.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
With WARD SCHULTZ
Detroit Times Financial Editor

Bank. The loans can be guaran-
teed up TO 100 per cent although
normal ceiling is 80 per cent.
The borrowers protectio n
against cancellation OF contracts
due to the end Of the war or
otherwise is substantially as fol-
lows:
If the ratio between the cam
celed contracts and unfinished
contracts is one-fourth or more,
he may request an adjustment
from the lending institution. al
though not oftener than once
every 80 days.
Upon request, maturity of the
contracts will be suspended and
interest waived on the unpaid
balance. as results by multiplying
the balance by the ratio OF can
celed contracts TO the total.
The period OF the suspension and
waiver is dated from 30 days after
receipt Of the request until 10 days
after the borrower has received
credit or payment for the amounts
decided TO be payable TO him on
the Cancelled contracts.
This period shall not extend over
year. however. after the deter
mination OF the amount due the
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Eastman
Drop Hits
Market

NEW YORK. Aug. 13 (INS).-
a 2-point break in Eastman 10
OAK featured the opening OF an
irregular stock market today. The
fall reflected the dividend reduc-
ton and lower earnings announced
yesteray
a few leaders opened with small
gains. including Anaconda. Gen.
eral Electric. Du Pont and North
American. Chrysler was easy at
the start but frmcd up later.
Trading was very quiet.
First prices: Chryslcr 597s, on
n; public Steel 1871. un-
changed; Eastman Kodak 1885,,
of 2, Gneral Electric 26A. up "A !;
Anaconda Copper y. up n; Al.
lied Chemical 13l "a. of y; Dow
Chemical ll2h. off IA Standard
Coil OF New Jersey 37i4. ur.
changed New York Central Q. TN
changed, North American Ia
up IA.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13

II YOU are war contractor or
hold war subcontracts you should
get acquainted with the V loan.
1t gets its name from Regulation
V of the Federal Reserve Act and
came into being as a result oil
executive order No DIP issued
by President Roosevelt.
Aside from that. its about the
incest way to borrow money that
was ever made available TO in
dustry.
Ii virtually indemnifies the lend
ing institution against any major
losses and gives almost ironclac
protection to the borrower against
cancellation Of contracts.
II is this last feature which
makes the V loan so desirable 10
industry today.
Still another reason for investi-
eating the V loan is that in many
instances there is a distinct tax
advantage accruine TO the bor-
rover.
Under Regulation V. the army
navy or maritime commission virtu.
ally agree 10 purchase the guar
anteCd portion of V loan from
tho financing institution on 70.
quest by the Federal Reserve
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Marx Would Writhe Over Misuse OF Doctrines

If he alive today. Marx would doubtless wrhe the
OF his doctrines so-called adherents.
Socaled scientific socialism being front 10 cloak
brutal relationships totalitarian countries
the nearious Hitler relying the glamour hollow
words calls his credo national socialism
Whatever Marks intentions his philosophy OF
eXang lends itself toatarian perversion.
progressive which recognizes the dignity
individual of God,
bddd the American Declaration of independence and the
Bill fundamental documents of
the anheSs of Fascist Communist degradation Of the
individual.
becoming increasingly economic liberty
religious
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Farmers Market

FRUfTS-Applss Duchess. fancy 81 90
~ No. J. soc 2 81 %. No. !? Csc yellow
3 NIOal25 wealthy. fancy 81 bu
So. }. 81 joaiI5, No. 2, s1.2a. Black
berries fancy 50 A-ql crate No J.
% ,S c'g Ne Z, @s.lr.. Sq no
/, So $50 2t-at crate Huckleherries. No
! 81 30 24-qt. crate No ?, So Early
peaches fancy s. 80 bu, No, ! 81 30 2
Pears, No So $50 "a No z. Slnl so
plums fancy 50 hu., No. !, S2G2 30, No.
LETTUCE AND SALAD GREENS
Head lettuce fancy 81 ou NJ. /, 81 25g
% CSC Go ou Romano 9SS No e' 20 SOC So oa
Escsrole No / 5oa soc hu No q l0c
Endiyt fancy. 81 80 bu.' No ]. 73o 81 70
VEGETABLES GREENS -Couaros. No
: a0n s5c hu sorrel No !. 80 CSC bu
spinach. No I Sll0Ui. 80 bu. No. 2. Toe
Turnip. No l. 500 76c Du Mustard. No
co. 5se ~ csSess' ,o srs sos -, No s,,i.
chsrd No I 500 SOC bu
VEGETABLES. M1sCELLANEoUs-
psraEuE. No J. soc q 81 % doz. bchs. No
? 5oq75e Roman beans, 30 s2g2 70. q
: S2a2.5o, No. 2. Sl.25 Fiat green beans
No /. A. 5Ou2 bu. No 81 kpunr
green beans. fancy, S275d3 bu: No. /
s2az6o 10 2 s.2S. HoIs. beans no
10. J. S2q225 nu. No 2. N.25 Lim'
hssns No. !. s275g3 bu. Beets 10. /
- soc dot bchs. Bseis topped, No. J
75cgSl m Broccoli, 30, 81 75a 2!
cabbage No. !. s0e D 25 ou. Curly cab
osrs No 80 T5c bu. Carrots No !
% 40c doI bchs Carrots topped. No. ]
tlpl2s bu No. 2. 73e. Caullflower
so ! s. 50ql.75 bu. No. 2 81 /. rs
Cs.ery. fancy. 90 T5c doz beh' No !
a's' N2 z y 3 zoe NJ celery 's1 ssss
corn fancy 81 so b.doz sack Nc. J
SOL s. 40 7a1 SOC Cucumbers
slcsrs fancy. s. 30 bu No I, e0c 81 IS
crs fancy 81 2s ou No 81 6oQ ?
s. s64s pin No. / 20 t5c dor. bchi
Eggplant No ! s2-751 bu
Lsess No J. sl6i IS doa bohs osrs
50 l. 259iIs y basket onions sdTy
Co. ger No + Ssa Soc d6f bchs PICK
rrg onions 10 81 50-lb sack. No 2
s. cIr.sy parsley, No 500 SOC doz
h-hf okrs No s, SoN - peci
essset Pauley roo, ~ So 2 5oe doz
81 SO bu. No. / Nal2Q No 2. 75c
EadlEnet. fe4. fancy, f5c DOR bchs
80 T. s5ge5ci No 2 80c long white
SO L. 600 65c coz. bchs RIihoagss ~
81 hu--A-E-aaeH- A4uAEl.--A 80 - 80
% hu Italian squash No 75e III s
peck peskei No. 50t Tomatoes fancy
90 SOC if-ib. haskr' No so SOC, No
30c Tur-irs 80 So SOC Dor hchs
Tafnips tcpped fancy, si2a b. No
EGGs-Lsres sI25oaI3 so.dof case
pCUITFY-Tlve hens heavy hrcee,
zfH 2sc Do lsgrorrs ~ 2tc hrlUcrt
neas} zsy 5ic isgncfn. Is 20 in.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Handicapped by Primitive Cost Accounting

his with surplus value" Marx handicapped
primitive of the of accounting
included
virtually everything except direct labor and purchases
o materials
Modern cost accounting which has developed in this country
remarkable Introduction Of
1913 breaks down the lump figure 1t reveals that addition
labor hired by the employer also indirectly
employs workers when acquires from others
and when When these other items
segregated from profit appears that the overall profit figure
for all enterprises moderate
quickly
consumption goods through plant
production
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Detroit Produce

APPLES Michigan ou. crates. Duchess
y. s. No. J, 2n-in. min. Si.4o; swee,
BouEhs o. 8. No. /. 3-in. min. SI.75
Wealthys. bu. crates. u. s. No. /. az In.
min, 81; 2h-in min. $i.7512; 2h in.
81 so: 2-fn min, si.25 California box.
Craven Stems, fancy. ss-i25c. s313,l5.
oCADOs--California fats. summer
varieties. l2.20s. S2.5o12.s5.
NEUTRALITY-SUSPICIOUS. plnts, 24a
soc.
cANTALouPEs-csn jumbo ais
5000 jumbo 36s, s5u6 Jumbo ass.
$50 625; New Mexico fair 20 generally
good jumbo ais 36s and ass An g.
HONEYDEWs- California jumbo S. 81
standard as. 50, standard l2s. $3.tO
Arizona standard %, S2,s5a2s0.
GRAPES California 2s-lb. Tugs Thomn.
son seedlets, So So u 10, Red Malssas,
50 80; Rihiers, 50. 6oa 3.s5.
LETTUCE-Los Angeles crates lcsbers
type. California. Salinas district. don.
So y $50, doz, mostly 50. few So.l5.
ONIONS -so-lb. sacks. Michigan, u. g.
No !, Yellows, medium, 81 400 rs; Okla
homR Round Whites. Z. 4. No. l. me-
dum. S215n225; California sweet Span
ish. II. \. No. /. "a in. minimum. sl.15'
Washington, Sweet spanish. Y. 3. com.
mercial. 3-in. and larger. sl.35.
PEACHES South Carolina. few Georsis
and UP, s2.33g2.75, best mostly 81 sou
2 90: fair "a generally good condition.
81 rs: -. In, up, 81 rs. I. in. min, ~
= in min. $1,000 Virginia. L. 3.
No l. Ia in min. 81 90Q2: Hales, South
Carlonia 2is- in. up. $40 $50; "a in. up.
~ 50p3. 2-ln. min, 81 25d2. so, Alabama
Mt Beauties II. 4. No. l, az in up 50
1928; "a in up. 81 I5 Michigan hu.
bask., L. s, No. l, Hale Ravens and South
Ravens. mostly Hale Ravens. pa in. up,
81 49, 2-in, min. ST.
PEhs&Colnrsdo bu. bssk, mostly S2Q
2.l0. few S2.15
-i00.lb. sacks: California
u =. No. ] washed Long Whites 81 251i
$50 fair. 81 Washington Y. &. No.
washed Long Whites, 50 eOnt: fair con.
dtion. 81 rs Idaho L. s. No I washed
Ions Whites 4i5: L. e. No / washed
Russet Burbsnks. sii0di1s: idaho q. s.
No. washed Triumphs. very few sales.
81 75Q2 90, virginia, Maryland and. Miohi.
san y. \. No. l unwsshed Cobblsrs most ~
81 $50 30 generally good 81 rs New
Jersey unwashed Cobblers few So Michi.
san unwashed Chippewa 81 sOp2 10
SWEET PoTAToEs-Porto Rlcan Ysms
Louisiana ou. cus L. & No. ! 50 50
wATERMELoNs - Georgia Oklahoma
Missouri, Arkansas tper melon) Can.
nonoails generally good quality. 20 lbs.
sc q III, DOC. 90 lbs IS o e0c Cuban
queens - lbs s5o Tom Watsons. 26
les, eoao3c "a ne. 900 csc
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
DETR0iTEs 1ssTMES
Square ID
). Earnings
HalVed

Square ID Company, manufac-
turers of electrical equipment and
aircraft precision instruments, TO.
day reported net profits of $751;
32l for the six months ended June
80, 1912, equivalent to Sill a
share on the 421 800 outstanding
shares of common stock. after pro-
visions for dividends on the pre-
ferred stock. This net profit is
after deducting provision of S.
1929 for federal income and eX-
cess profits taxes, and $125, 900 for
wartime and postwar adjustment
Net profit for the first six months
of l94l amounted TO S1,397, 346
after provision of 81, 100000 fol
federal faxes.
The provision for federal taxes
for the first six months of l942
has been estimated on the basis
of the new tax bill as passed by
the House of Representatives
which requires S1,060,000 more
than if computed under the 194l
law. according TO +. w. Magin
president. He added:
"Our participation In the war
effort Is increasing each month.
not only In additional orders for
the products already being
manufactured, but I'm orders for
products which have not been
previously manufactured by us.
This increase In our activity has
necessitated additional plants,
one OF which has just been COM
pleted and two more are ex-
pected to be ready for manu-
featuring operations before the
end of the year. These plants
and machinery have been built
or acquired by the government
at Its own expense and leased
to us. We are also making ex-
tensive additions to one of our
existing plants"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Rubi Wrest|es Under
A New Nickname

Bert Rubi. who has been called
the Magyar Hercules" has re-
ceived a new nickname--"Iror
Man Rubi." He earned this cogno-
men when he wrestled in team
bout and then subbed in a main
go here Tuesday. Next Monday he
wrestles his first bout as Iron
Man against the tough Italian
Martini Angelo. in one Of the
Arena Gardens Bowl bouts.
In the main go, Leo Wallick
junior heavyweight king. tackles
Rufus Jones, the Negro junior
heavy.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
u. 5. 10 Stabilize
Steel Pay, Boost
Copper Output
WLB TO Base Findings
on Recent Increases;
100000 Men involved
BY JOHN VI. MECKLIN
United Press stan Correspondent

WASHINGTON. Aug. 13.-The
War Labor Board became the
spearhead today of a government
drive to stabilize wages in the
steel industry and to bolster falter-
ing production of copper.
The board will meet August Is
TO consider wage and union secu-
rity demands of 100000 big
Steel workers. using as a basis
the formula worked out last month
in the Little Steel" case.
A three-man panel will begin
hearings August 10 in an effort to
settle ION an industry-wide basis
wage and union shop demands of
10000 copper, zinc and lead
workers, most of them miners.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
SUBSTITUTE BILLS

Both the recommendations by
the Chamber of Commerce and
the National Association of Manu-
iacturers have been advanced as
substitutes 10 the House-approved
revenue bill which is expected 10
WELD only S6,27l 100000 and the
treasury departments request foI
IS. 700. 900, 900.
The manufacturer went on rec
ord insisting that if rejected now
and reconsidered in the future the
sales tax should not be accom-
panied by further taxes on
business for political window
dressing"
While its tax recommendations
were based on current business
levels. the NAM estimated that
the proposals would yield as much
as S37 200. 000,0 900 on levels antic-
ipated for 1913 and subsequent
years.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Bond Stores Chalk Up
War Bond Sales Mark

Bond Stores. one of the first ma.
tional organizations to inaugurate
an advertising campaign for the
sale OF War Stamps and Bonds.
have now followed through "
record-breaking sales in conid
ton with the July Retailers f6f
Victory drive. With a sales quota
OF $4,000. war bonds and stamps
in excess OF S251 900 were sold. IL
is estimated that approximately
Is per cent Of this total was in
war stamps.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
B Billion Taxes
Proposed Levied
On 1912 Income
Manufacturers Group
Wants s Pet. on Sales
in Substitute Bill

WASHINGTON. Aug l3 ms
a broad program for war flnanc-
nc which calls for raising S33,-
200 600 600 in taxes on the basis OF
his years national income was "a
be presented 10 the Senate finance
committee today by J. Cheever
CoWdin. chairman OF the National
Association Of Manufacturers. gov
eminent finance committee.
Chief recommendations OF the
manufacturers association were
An S per cent general sales
tax.
4 SurtaX Of from s 80 70 per
cent on individual incomes.
a tax or business which would
take approximately two-thlrds OF
COrpOratc income.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Detroiter 10 Address
National Jewellers

Percy * Loud. secretary.treas'
urer of Wright. Kay e. Co, De.
troit, will speak on Shortages OF
Material and Merchandise Al tho
annual meeting of the American
National Retail jewelers. AsSocia.
ton. 10 be held August "a 10 n
at the Waldorf.Astoria. New York
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Detroit Poultry

Wsrkst steady Hens. tvefass run PC
flr .fu hens lbs ard 10. 1sC. COOKS
lr go rrsE sr0lsrs %, ~ ms Csc
eErHrr rrrHert e. ne srd ZAP 1lc
fgTs market frW Current receipts
.ai &C.. undsrgrades, ~ Joc
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Shelter Mfg. Votes
Dividend Of Scents

Shelter Manufacturing Corpora
ton declared a dividend OF )
cents. payable September IS 10
stock II record August % Pre-
lJouS payment was 10 cents on
October Is. 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Dividends


American Gas and Electric
Company declared a regular quar-
terly dividend OF 40 cents on the
common, payable September Is 10
stock OF record August Is.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Eastman Kodak Company de

clared quarterly dividend o
Sl.25 on common payable October
l 10 stock of record September 5
Previously paid $3.50 quarterly.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Roosevelt Due
To Act TO End
Wildcat Strike
War Plant Workers Paxn
Demands Denied by WIZ
us. May Take Over
BY ARTHUR r. HERMANN
international News Service stan Writer

WASHINGTON. Aug. ID tINS9.
Authoritative sources said today
that President Roosevelt would
act TO end the wildcat" strike at
the Bayonne. n. j. plant of the
General Cable Corporation if other
means fail TO effect a speedy
settlement.
The strike. now in its third day.
involves more than 1000 workers
engaged in war production, and
was called after the labor board
had refused 10 grant 10-cent-an-
hour wage increase and two weeks
vacation with pay.
The WLB decision. il was said.
was taken in accordance with the
anti-inflation policy laid down In
the recent Little Steel case,
under which demands by war
workers for higher wages shall be
judged in relation 10 increased
living costs Of the workers.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
REJECT PAY DEMANDS

The WLB. which had reviewed
1.-THE case since July ], rejected the
wage increase c m n ds. but
granted a three-cents-an.hour
bonus for workers on the plants
two night shifts.
President Roosevelt already has
established precedents for dealing
with strikes which hinder war
productionv-having taken over
plants where production had
stopped because Of recalcitrance
on the part of either labor or
management.
In the North American Await ion
case. on the West Coast. trq
were ordered 10 take over
plant when striking workers rec
fused 10 return 10 their jobs. while
in the Kearney Shipbuilding case,
the navy took over and operated
the plant when management failed
10 adhere 10 a ruling OF the fed
eral overnm nts arbitration
agency.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
continental can Company. Inc.

declared third quarter interim
dividend of 25 cents on the COM
mon payable September IS Il
stock Of record August 25. Same
amount was paid June Is. Com
pany paid 80 cents interim or
September Is last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
United States Gypsum Compsn,

declared regular quarterly diVi-
dend OF 50 cents on common, pay.
able October | 10 stock Of record
September Is.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
Distinguished Reader Praises Rukeyser Expose

A distinguished reader of this column writes
greatly like line against Marxism. Marx
IN
unacquaInted conditions.
"Your presentation is so true
MARKS followers being misied belief that his theories
moderR-are progressive.
They
They outdated
al
They regressionists.
behind
marching up blind alley"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13
CERTIFIED TO BOARD

The steel dispute-involving the
Go united steel workers and the
United States Steel Corporation
was certified TO the board yester-
day by Secretary of Labor Frances
Perkins.
The union has asked the same
settlement granted Little Steel
wage increases Of "A cents an
hour, maintenance of union mem
bership. and a checkoff.
The boards decision to begin
public hearings almost immedi-
ately after certification of the
dispute. dispensing with the usual
lengthy investigation. indicates
that it will pattern its delibera-
tiens on the facts presented in the
Little Steel case, labor authori-
ties said.
CENTER OF DISPUTE
It was believed that the prin-
cipal dispute would center on the
question Of whether any wage
increases granted should be retro
active. The Little Steel increase
was retroactive to the first week
in February.
Members OF the special panel
appointed TO conduct the hearings
include Dean Lloyd X. Garrison,
University of Wisconsin, represent
ing the public: Almon Z. Roth of
the San Francisco employers coun-
Gil, representing employers, and A.
(. Stevenson. secretary of the
Cleveland industrial unon council
tCIO), representing labor.
Robert Abelow. principal VILE
mediation officer. who recently
completed survey of the non
ferrous metal industries, will assist
the panel.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-13

Air-way Electric Appliance Cor
poration declared an initial divi-
dend OF 10 cents on the new COM
mon stock issued after the recent
reorganization, payable September
/ 10 stock Of record August 20