davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06

SECRETARY MORGENTHAUS
proposed tax schedules were re-
ceived by industry with mixed
feelings.
Higher takes were 10 be ex-
pected and many business men ex-
pressed relief that the proposals
did not include an actual limita-
ton of profits.
However. Morgenthau pulled no
punches and an analysis OF the
proposed levies shows that many
firms would have their earnings
slashed TO below current dividend
levels. Unquestionably, this is one
of the things the stock market has
been diScounting for some time.
A few examples Of potentially
hard hit utilities include American
Gas and Electric, which would
have per share earnings cut from
S2.72 10 S1.44 with current divi-
dend rate of So; American Tele-
phone and Telegraph. cut from
Slo26 TO S666. current rate SO;
Commonwealth Edison. from S2lO
10 Sl.30. current rate $50, and
Consolidated Edison from 81 10 81
with a current rate Of $50.
Only slightly better off would
bc Detroit Edison. whose earnings
would he slaShcd from 81 96 Ia
81 AZ Detroit Edison is now pay
ing 81 40 a lshsre, which would
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
HIGHEST IN -FOUR YEARS

HOGs-Week's receipts. $3.50. Swim,
prices SCARED TO the highest level In over
-FOUR years but reacted moderately on IN,
maj session. However, closing ouotstion.
on butchers scaling $50 lbs. upward were
stu 20.30 cents higher than lat, las,
week. lighter weights and sows gained
20 cents while stays were no better than
STEADY. Az the high time small killers
PAID up 10 Sl3.6 so for sorted 100 22o.lb
butchers, while on the final session sales
70 those Interests were from yl345d 10. So.
Most good 10 choice 1s0-2so-lb butchers
sold late Al l3.20dl335. 2so.35o.lb.
weights sl2 e5 n 49, 10 and 35O-450.lb. h,sv.
les sl2. I5T 2.s5. Weights between lao
$50 lbs found an erratc market most
lfO-l6O-lb averages bringing si26l225
Sl025610.5O
sHEEP-Week's receipts 1900 slsurh-
ter lambs opened steady, advanced sharpIy
around mid-week but then nattened ont
again on the close Although part OF the
weeks gain was shaded lsts slaughter
lambs were still largely s25-3S cents higher
than last Thursday. The spread 81 sI2
" 12.73 accounted for the weeks showing
N good ~ choice fed native and western
lambs scaling M 10 los lbs Thursday
most well finished lambs turned ~ xi2 2S
n II 50. although ti2 IS was paid early
Tor part deck Of around an-lh fed ma.
tives. A. the low time good IN choice
l05-iii-lh. lambs made S1i 7ATiis while
~ the high time inS.i0a-lh weights turned
~ ti21 IL IS and = few extreme heavie.
down ~ 81 80 Good ~ chnics slaughter
Ewes made t7Qs, Gull TO common kinds
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Cattle
Prices
Improve

Price changes were numerous at
the Detroit stock yards during the
week. according TO the United
States department of agriculture.
Cattle prices improved as much
as 3 cents on the opening. but
medium TO good steers closed slow
with early gains fully erased.
Swine prices reacted mildly after
reaching the highest level in more
than four years. VealerS advanced
80 cents while the sharp mid-week
upturn on fat lambs was partly
shaded later
CATTLE Weeks receipts 4275. All
classes and grades OF slaughter cattle were
reliably wanted on the initial market day
this week and sold actively At fully steady
10 rs cents higher prices, hut early gains
were for the most part fully erased in
later dealings. Medium 10 good steers nm
ished steady TO weak but common kinds
selling from S9d 10 still retained a meas
ure OF the early strength. Tuesday was the
low point on cows for the week, early
strength was more than lost that day, but
the market then hrmed up and closed
steady. Bulls ruled unevenly steady 10 IS
cents higher. good grades holding steady
with common and medium description
showing the strength.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06

craft industry remains largely par
tial 10 the air-Cooled.
FURTHER EXPANSION Of use
OF glass containers will he limited
by the lids. which utilize both tin
and rubber.
Again essential foods get first
call. A WPB order limiting use of
materials for these lids and elimi-
mating small glass containers is a
sure thing.
SHORT STUFF: Clevelan
stores are pushing the "retreading''
of galoshes Los Angeles may
resort to rationing of bus and
street car rides in order 10 solve
the transportation problem
Airlines are planning action against
"unkept" reservations ). A Cleve-
land bank is keeping micro films
OF all its records but no Detroit in
stitution has taken such action yet
A Chicago cafeteria mounted
little flags on each OF the sugar
bowls And the Fisher Building
cafeteria dropped sugar rationing
because even tho black coffee
drinkers accepted their two
wrapped pieces. which put the de-
mand Al new high -. General
Motors executives figure that the
corporation will get by without
borrowing, as Chrysler did. at least
until 1e43.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Lists Worst Points in Treasury Tax Program

THE treasury continues mix its an-inhation program
with the problem of raising by taxation continues to
initiate deposit by all known devices and initiate
metallic reserves by large purchases silver The President
his Our gold remains practically
dollar
initiation the idea be that be
what they will
after the when all the pentup imitation be
leased knows)
THE continues the old basis Of taxa
This scheme,
soaking privileged together with the hypo
scheme handling social security hang
social reform Ability should be
pnazed should be recognized that of low
also have ability England married
with two dependents and income S56 In this
England single with 81
Sl88 so Here he only S40)
3he burden mddleciass incomes is probably
heavy.
At defends excise but attacks sales
5-The capta-gains remains.
6Standards of confidence attacked
proposing old taX-exempt bonds
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Invest in Research

AS told in a recent column,
many corporations and other
business concerns already have
brand-new things ready for
launching when pr1orities and
scarcity OF war material pass.
Moreover, more money is being
invested at this moment in re-
search than ever heretofore.
Doubtless rich results will be
achieved.
Have you not been impressed
i have-by the number OF
novel things lately announced?
Within only the last few weeks
| have read, for example. that.
In one week last month the
patent office granted 8O7 pat
ents.
Unless cans Will soon appear,
non-metal substitutes will be-
come very general
A new. quicker, Single opera
ton process has been originated
for obtaining pure magnesium.
Four new types OF alloy steels.
all requiring little virgin chro-
MUM and nickel. have been de-
veloped.
Low grade. unmarkctable
grades of tobacco can now be
proceSSed into paper, soap, var.
nlsh. fiber board
From oats. stucco and plaster
can now be produced
Half a billion loaveS OF bread.
IT'S reported will be saved"
this year by a mold inhibitor."
Shoes now carry off body
static electricity for wear in
buildings where gases and other
explosive hazards Turk.
Rubberless golf balls are COM
ing.
A tube has been invented.
Honolulu's safety director re-
ports. which will safeguard
smokers from having 10 stop
putting during blaCkouts.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
BUSINESS
M. S. Rukeyser
M. S. Rukeyser
Industry FlOurishes
Only i'm Peacetime

In light the decline Of stock prices to new
low the proptous for Marans TO exploit the
time -honored charge that this is Wall Street war
In order TO keep the record sragh th organ%eu
affairs namely the National Association Of
of Commerce OF the United States
made clear that industry fourshes
in peaceme not wartime
spirit reporting moderately higher net in
Edgar Qeeny president of the Monsano Chemical Com
recently confded to his stockholders:
with all industry, Interruptions dislOca
impossible apprase the extent
these sacrifices
national effort Our and
their ability the In hand and those
that may vet be
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06

wartime corporations avoid the temptation to dis
One OF the illusions of profit
inventory prices reality shows
that advance often long profit but
subsequent depreciation of inventory during postwar
Accordingly the yardck OF
market whichever lower be inappropriate
in of thoughtful
possible decline
inventory What with the freezing of stocks in priority
ridden trades other disturbances wartime
should days setting other of
against contingencies.
1t be fatal mistake to be overstatng profits the
boom
and dividends
eavin to
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Farmers Market

APPLES = Michigan. fancy, So, 2562 so
bu.. No. 1, 81 5o92, No. 2, 81; Northern
sP; MG , ,a5 e1 ss No. No. '9 9se
GSl bu., No. z, soc; Jonathans, fancy, 81
bu.. No. I. 81 2561.6o. No. 2. 81: De
licious. fancy. rs bu., No. !, ii 5om2
No. I. 7 HSS' SHOWS NO. - '"'''' '''
BETS - No. /. e5usoe bu.: No. q
soc bu.
.cABBAGE-No. l. socaH bu; No. 2
so soc; red. No. l. H0l,so bu.; No.
7oc blu.
cARRoTs-Fancy. n.oo1 50 bu: No
1. slGl.25 bu.; No. 2. 75c bu.
CELERY ,CABBAGE-No. 1. S1n1.50 hi
CELERY RooTs-No. 1. si61.zb u bu
EGos.Lsrge. s1o0ll ao-doI. case: me
dunn. Ss.50Us.
HORSE RADIsH-Fancy, - bu.; No. J.
$2.75d3.25 bu.; No. 2. ~.
ONIoNS-Dry. fancy, 81. so oo-lb. sack
No. 1. SOAPS. No. 2, S1.7o.
PARSLEY ROOT - No. !. s101.oo: No.
PXRsNIPs-Fancy. u.soaa bu.; No.
/. siai25 bu.; No. q. 75c bu.
PoTAToEs-Fancy sl.35 bu.. No. !
sl.l5@l.25. No. 2. 65 a s5c.
POULTRY AND HOGS-Hens. live. heavy
breed. 25a2sc; leghorns. 1su2lc; broiler'.
heavy, 25m27c; broilers. leghorn, 1ed2lc.
hogs medium. dressed. 19G22c.
RADIsHEs-Red. dollhouse. No. 1. CSC
dozen punches.
RUTABAGAs-No. I. 50d Toe.
RHUBARB - Hothouse. fancy, 30 n 35c
5-lb. box. choice. Csc 5-lb. box. small
SOC dozen punches.
QUAsH--Delicious. No I. 401s5c bu.
Hubbard. No. /. 500 75c; Table Queen, No.
l. ASA sOc bu.. No. 2. 35c.
TURNIPs-No. i, s5c6 Isl bu.; No. 2.
soc bu.
VEGETABLE GREENs-Leeks. No. !,
as a e0c doz bchs. French endive, fancy.
81 25a150 5-lb. box; No. l. rs q soc; No.
VEGETABLE oysTERs-No. /. soo7oc
dozen punches.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Forbes
'Lone-Drawn Battle
In Skies Predicted
Over 200 Years Ago

The time will come, when thou
shalt lift thine eyes
To watch a long drawn battle In
the skies"
When. do you think. that was
written? More than 200 years
ago, by the poet, Gray, OF
"Elegy" fame.
Charles F. Kettering, among
Americas most practical, fruit
full research scientists, never
ceases proclaiming that human
knowledge is in only the kinder
garten stage. that pioneering has
little more than begun. Nothing
makes him more indignant than
the statement that no frontiers
remain to be explored in Amer
lea, in the world.
Which will occur when the
war ends:
Appalling depression and un.
employment?
Or, an unprecedented boom?
Today there are too sharply
differing schools Of thought, pes
Simistic, optimistic.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Auto
Graphs
Used Car Business
Good but Tires
Are Key TO Deals
BY snLER FREEMAN

4 bright bonnet and shiny
front doesn't sell automobiles
any more. You can have the
word Of the used car dealers in
every section of Detroit for that.
"All they look At Is the model
year. the mileage and the tires"
they sum up the procedure.
Business is good. but the deal
ers are lugubrious over il. The
only models they arc selling are
1910 and AIS. And the faster
these 60. the faster they will he
out Of business. they agree.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Stock Market
TO
Lose Ground
Some Leaders Drop
to New 4-Year Lows;
Trade More Active

NEW YORK, March 6 (INS).-
The stock market continued to
lose ground at the opening today
some leaders dropping to new
four-year lows. Trading was at a
slightly more active pace.
Fair-sized declines were in
Cured by United States Steel,
Bethlehem, Chrysler. Kennecott,
General Electric, Du Pont, Mont
gomery Ward. ". S. Rubber,
Standard Oil of New Jersey, Con-
solidated Edison. American Tele-
phone and Eastman Kodak.
Amer can Can, Coca-Cola.
Southern Pacific, Santa Fe and
Consolidated Aircraft all were I'M
changed.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Issue Not Profi+eerinq but Of True Costs

back of 1899 warned ndustrialss
series of conferences that the proeerng
whether ndustrialsts properly understood
periods. regarding commodity
that specak
could be expected profitable through
engineering peacetime Remembering mistakes
industrial financing in World War urged management to
against contingencies
m why Mariner s. EccleS chairman Of the
fight initiation does
the value such Such funds
double by being currently
defense helping finance
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
WHY'S Reports
.$257,630 Profit

WHY'S Overland Motors. Inc, for
the quarter ended Dec. 81, 1941,
reports consolidated net profit
of S257,6 equal to Sc cents a
share on the s per cent preferred,
on which dividend arrears were
$225 share Jan. /, 1912.
In the December quarter, 1910,
the company reported a net loss
of S47.991.
Operations in the 1941 quarter
were influenced considerably by
work of converting various plants
TO full production of war mate
rails. Conversion was completed
January Is and pace of produc-
ton has been accelerating rapidly
since
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
REACH SIS TOP

Three different packages OF good fed
steers scored the weeks actual top Of si3
including At that price were ss4lb year
lings. esT-lb light steers and several head
OF 1,125-lb weights. Most good fed steers
scaling around 100 lbs down turned at
tll IS a IL rs largely sl2 upward Good
!, 222-lb weights brought Sl2.50 and $50
ID averages S12 Medium grade steers
hulked at SIC. IS a so and common kinds
1910
Strictly good 1851 In Angus fed hsifer.
commanded sll rs. but most heifers were
common to medium At So. 50d 10. so. Beef
cows bulked at Ss.50de cutters mainly
7.3ans 40 and Gamers Ssn725. How
ever some thin light Gamers sold down 10
so.5O, Good weighty sausage bulls bulksd
~ 500 10 Is, common and medium kinds
areely ssne.7 rs. Some medium 10 good
sOO-s6o-lb native white face feeder steers
went back To the country A. $40 10 odd
Iots common 10 medium light stockers
bringing Sen1n
CALVES Weeks receipts 2 800 Veal.
Iets moved M 80 cents early and held that
gain throughout the balance ~ the week
1000 IN choice grades bulked late Al SIG
10 30 common and medium Sill " IS. light
culs down 10 sc 49,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
600 Million
Initiation
In.Danuary

WASHINGTON, March Sin.
f1ation cost the American retail
consumer $600,00O,0O0 in January
The physical volume of goods
sold in January was no greater
than in the same month of 1941
although the dollar volume was
up is per cent.
Sales of durable goods stores
declined more than SeaSonally,
from December to January, while
every major kind of business ir
the non-durable goods group
showed increased sales after sea.
sonal adjustment. The largest in
creases were in apparel and gen.
eral merchandise stores.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Ships Get Auto Steel

Auto technique is coming in
handy in almost every part Of
the defense picture. Now il is
revealed by c. f. Adams. chief
of steel branch of the War Pro-
duction Board, that steel plates
for merchant ships will come
from the mills which formerly
turned out sheet steel for auto
mobile bodies.
The plan. worked out by the
maritime commission and the
steel branch. is expected TO
speed shipments of steel for the
Liberty Fleet.
The high-speed strip mills
were built to fill large orders of
one size of steel. The new plan
applies assembly line technique
TO the shipbuilding program.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Main Job Is Collecting Revenue for War

that the job to collect for winning
There social reform mixed with fiscal policies
under the New Deal Production and unity the people,
stressed in Morgenthau's
1t the need of economy in government
1t the and radical suggestions and
inelaSic base on which to figure profits
that become high
that If 80 of profits taken the
should be retunabe after the under certain conditions
further relief afforded
earnings period abnomally depressed
But that about all for it, and there important
shortcomings and falaces the proposals. The
noint fol
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Bloomfield Promoted
By Federal Reserve

The appointment Of Richard w.
Bloomfield 10 the position Of as
sistant cashier OF the Detroit
branch Of the Federal Reserve
Bank Of Chicago was announced
today by Harlan J. Chalfont. man.
aging director. Bloomfield has
been in the employ of this bank
since 1929. and for the past sew
eral years has served in the capac-
ity OF chief of the custody division
handling transactions for the RFC.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Develop RESPONSIVENESS

Automobile dealers Of Amer
lea are developing a new re-
sourcefulness in conducting their
business that promises TO mark
a real milestone in the automo-
bile retailing. according 10 F. II.
Akers, vice president and direc-
tor of sales of Dodge
Factual evidence Of this new
ingenuity on the part of dealers
is being revealed in dealer in
formation exchange or clearing
house just inaugurated by Dodge.
Akers stated. Field representa-
tives and the factory sales and
advertising staff, he said, are
compiling new. original plans.
and methods are being instituted
by 1000 dealers in all parts of
the country 10 assist more than
100000 owners of Dodge cars
and trucks in keeping their
vehicles in operation for the
duration"
THE novel ideas that dealers
are developing through concen-
trated effort 10 meet the pattern
Of current conditions are a
heartening revelation not only
to those Of us In the industry
hut to all owners and operators
Of motor cars and trucks as
we'll" said Akers. "Functioning
a. a clearing house, our new
information exchange gathers
and snalyzes the details OF all
dealer innovations and then. In
bulletins issued twice monthly.
passes a condensed report on the
soundest and most effective of
the ideas along 20 the entire
dealer body"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Southern Pacific Co.
Cuts Bank Loans

CHICAGO, March 6.-Southern
Pacific Company today paid ST.
100000 Of It's serial bank loans re-
duclng the amount outstanding 10
Sl2.5OO0Oo Loans paid were those
maturing July !. 1912. and April
!. l9i5. Loans that remain out
standing mature in equal quarterly
yearly instruments. Oct. /, 1912, 10
Jan. ]. 1915 inclusive.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Left With Old Cars

Gregory reported plenty Of
activity in the used car market.
but slight drop last week from
a year ago. The last week be-
fore the new license deadline is
usually a busy one. but this year
failed 10 live up 10 expectations.
The used car dealers fear that
once they sell out their late
models they will be left with
only their older cars on hand
and no takers.
Unless the tire rationing Is
eased up" they add hopefully.
Leon Henderson's pessimistic
outlook on rubber last night
seemed to dim that hope.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Detroit Poultry

2ic under 5is lbs &c lcghorn hens Z
lbs and up, zoe. cocks. 1211ic; rock
springeis. 10 80 lbs smootn ieEs -,
rock broers ~ To his. 2fc stays
2oc. oapons. : los. and up. CSC, under
lbs Csc.
EGGS Market. hrm current receipts.
2sAc undergrades 25iLc
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
American Industry Dons KHAKI in Wartime

attitude of American industry dons
khaki Businessmen look this
opportunity make financial killing but rather time when
with government
spirit service and sacrifice George BLUR the adj
that he and his will after 90 days
that the executives
helping the the En-
military service been placed in other
business usual after the
temporarily suspendng private business though
proered billings the highest its history Mr. Burs par
gesture symbol of the social consciousness OF the flower
AMONG moder hlsinn
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Stocks Remain Stationary

Lack Of new car sales is keep
Ing the used car stocks almost
stationary. Here and there
some one going into service sells
his car. But dealers are wary
of buying cars more than two
years old unless the rubber is
almost new.
THE tires are the key to
every deal today" said +. M.
Gregory. east side used car
merchant. whether you're buy
ing or selling. The customer
cares nothing about the shini-
ness of the car or the color job.
He wants To know, How're the
tires -"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Metal Markets

New York and wholesale nonferrous
metal quotations supplied by Federated
Metals Division. Detroit: Spot. % per cent
tin. nominal: New York, So: future tin, 81
lake grade copper. delivered Midwest, IL .
eectrolytic spot smelter. IL: casting cop
per. 1.75: St Louis lead. s as; St. Louis
zinc. s.25 New York anthony, "a: virgin
aluminium, IS.
Copper sales, I 943 tons Export copper
m rs: resale. Ia. Free sterling exchange,
a .O3li 1404.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
05,04 Telephones
Used in Detroit Area

According 10 announcement nv
the Michigan Bell Telephone Com
pany IS Detroit district exchange
had sos 6Oi telephones in Use Al
the first of March An increase
during February OF sos. COM
pared with 1854 in January.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
MAY FOR FARNsWORTH

FarnSworth Television and Radio
Corporation is rapidly converting
and it is believed that by the end
of the fiscal year on April 30, con-
version Will be practically COM
.plete Al the latest il will be COM
.pleted by the end of May.
Early in February more than 90
per cent Of Stromberg Carlson
Telephone Manufacturing Com
panys large backlog was on war
material.
Conversion Is not without its OK
penSlye problems 10 the industry
In some cases It means inventory
losses or materials and parts AL
ready purchased for civilian radios
and which cannot be adapted 10
The war radio program.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
All New With Peace

Initiative, ingenuity. invent
iveness are neither dead nor DOR
mant. PeaCetlme Will bring un.
imagined appeals TO our pockets,
new employment fields.
Copyright. 1872. ny p c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
MARKETS
DETR0f7Sad HINES
Lewis Haney
Proposed Tax Plan
Has Few Good Points

planned spend nearly 60 billion dollars year About
billion dollars raised through About 40 billions
certainly going to be borrowed
n order this approximately one-t third the
proposal the 194l by billion dollars
billions will be Two billions will be
of the social security program but this huge would
pockets just other taxes and would be
by the spends the Of
good treasury program
The good follows
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Briggs Mfg. Declares
Dividend OF 50 Cents

Briggs Manufacturing Company
declared a dividend Of 30 cents a
share on the common stock. pay
able March -. 10 stock Of record
March II. Previous dividend paid
On Dec. "a, 1871, was rs cents.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-06
Earnings

General Printing Ink Corporation and its
subsidiaries for the year ended Dec. 81
1871. reports a net profit of S943, 070 after
federal and Canadian income and excess
profits taxes, etc. equal after dividend re-
quirements on the preferred 20 81 q share
on 735. 600 shares Of common. excluding
Is q56 treasury shares This compares with
1896 SIS or IS cents common share In
1870