davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
On the Business Front
With WARD SCHULTZ
Detroit Times Financial Editor

because they are unfa-
mlliar with the normal proceed
ings.
Uncle Sam is a stiekler for red
tape and makes suppliers adhere
TO the last letter of the contract.
Last week l heard of one firm
which took stable contract for
castings. 1t called for tensile and
elongation tests on the material
but the firm ignored this provision
and neglected TO pour extra test
bar" from each ,batCh of metal.
Now they have several hundred
unacceptable castings on their
hands and only recourse rs 10 cut
them up, remelt them and pour
test bars as provided in the con-
tract.
Get this straight and you'll save
time and money. Follow Specifica-
tions completely and if you are not
familiar with certain requirements
check with some one who Is before
YOU start TO produce.
CIVILIAN TRAVELLERS and
shippers can prepare for increased
restrictions in the near future.
More stringent priority controls,
which would favor movement of
munitions and troops. appear inevi-
table with the WPB limitation on
the number of new cars available
for the railroads replacement in
the last half of 1912. h
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
HiqhIy Uncertain

When all Is said. however, I'M
certainty is the main idea. one
may argue. and hope: but one
must remain highly uncertain.
There Is uncertainty b o u I
!, taxes. both as 10 general level
and method Of levying. Labor
policies and wages are highly
uncertain. The duration and
results Of the war are anybody's
guess.
How then can we even fig re
reasonable probabilities as TO
the earnings OF particular COM
panies? You may be hopeful as
10 the effect of the war on the
earnings of business IN general,
but you cant have much idea
what viii happen 10 the divi-
dendS Of particular stock You
may believe that the total tax
burden Will not be made too
heavy. but how Will II be LAID
on any particular concern ?
Accordingly, the question has
come to be, which stock shall /
buy? Which shall ! sell? This
means a condition Of waiting. II
makes II probable that no great
change in the averages will occur
until some Of the uncertainties
are eliminated. and a basis for
selection is thus established
But my own guess IS that the
market is trying 10 establish
firm base. A definite double
bottom" has been formed in in
dustrial issues. IL. therefore.
seems 10 me that a partially in
vested position is warranted.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Hit New Lows

II is true that most classes OF
stocks have crumbled discon-
eertingly. Not only are industrial
issues agging near their
bottom for several years. but
public utility preferred stocks
have hit new low depths, in
surance stocks have shriveled in
market value, also bank stocks.
Buying of stocks on the New
York Exchange during the first
quarter of this year fell below
even the moribund first three
months of last year, is down
over 35 per cent as compared
with 1910, So per cent compared
with 1939-and almost 80 per
cent contrasted with 1929. AS a
matter of fact, trading was the
lowest for this period since 1915.
Yet how come il that when
ever large blocks of stocks are
offered for sale after stock ex-
change hours, with special in
centive to brokers to drum up
buyers, invariably they have
readily absorbed at current
quotations?
The only reasonable deduction
is that, while relatively few
buyers are voluntarily stepping
up to place orders, craftsmanship
can induce them to buy. In other
words, while stocks are being
voluntarily bought on only a
very meager scale, they can be
marketed by intelligent, agrees
sive salesmanship.
Are stock exchange firms
beginning to realize this? The
progressive head of the exchange
firm today doing the largest
volume of commission business,
quite some time ago, realized
the potentialities of energetic
selling. instead of merely sitting
back and waiting for investors
TO initiate buying. Results have
been extraordinary.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06

COSTS OF cigaret makers have
increased so much that they will
have TO show a Is per cent increase
in sales TO keep earnings abreast
the 1871 level.
Tipoff is the fact that volume in
the first two months OF this year
was UP only II per cent and much
of that gain was aScribed 10 deal
ers stocking in anticipation of in
creased excise taxes
A DETROIT plumbing supply
house official told me that the
manufacturer he represents has an
official on Washington board and
was tipped off on impending pro-
duction restrictions.
Consequently that firm passed
the word along and. like most
other jobbers, this mans firm has
packed It's warehouse to the
rafters.
But that's been the govern
ment's record in all this rationing
business-advance inside informa-
ton in tires. cars, business ma
chimes. bicycles. sugar. golf balls
and now plumbing equipment
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Grain Men 10 Discuss
Storage al Meetings

WASHINGTON. April 6.-An-
ticipating a shortage of storage
space. representatives of the agri-
culture department. transportation
agencies and the grain trade will
attend series Of meetings this
month in II western cities TO dis
cuss facilitating grain storage and
movement.
The first meeting is being held
in St. Louis today.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Easter Sales Run
% PIT. Over Al

NEW YORK. April 6.-Easter
and other shopping in department
stores continued last week TO run
IS per cent ahead Of year ago,
the Federal Reserve Board esti-
mated. The margin was the same
in the week ended March % as in
the preceding week. The average
spread of sales in the four weeks
ended March % over a year ago
also was 70 per cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
2.an.HOur
Firm Gets Order for 100
Prefabricsted Homes

NEW YORK. April 6.-Withir
the next 30 days f. l. Bruce Com.
pany Will start large-scale produc'
ton on an order for LOO pre-
fabricated houses to be used by
the Federal Works Agency for
housing war plant workers.
AT capacity levels. the company
expects 10 turn out a complete
house every 30 minutes. Present
designs cover three sizes. the
smallest having one bedroom and
the largest. three.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Dominion Loddings
Decline in Week

OTTAWA, April canadian
loadings during the week ended
March % totaled 62.369 cars, COM
pared with 64.879 in the previous
week and 57,516 in the like week
of last year. ACCORDING to the
Dominion Bureau of Statistics.
Total loadings for the year to
March % amounted TO 797. 295
cars. against 700.339 in the CORE
spending 1910 period.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Constructive Criticism Should Be Welcomed

Every good American the onelme pillow MANUFACTURED
this war-and shall
later responsibility conducting the
the commander chief Of
nevertheless, from
committee the Vnson committee
committee committee and Othe) should be
charged with the supendous task involved IN
the war ef ort. will Judge the Results
efforts 10 inject postwar
picture He pointed that promises
the materials
meaning abandonment OF
independence
political place by us OF the gen.
orally and alien form Of government
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Proud!
Bullard Tells Nelson
Of Output Records

BRIDGEPORT. April 6 - The
Billiard Company. producers OF
lathes. reported 10 Donald NJ
Nelson that March shipments Of
tools from the Billiard
Company are 80 per cent above
either January or February.
A wire 10 the chairman of the
War Production Board told him
that total shipments blythe Bull
lard Company this year TO date
equaled the total for the year
1910 and 81 per cent for the year
1871
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Gasoline Shipments
To East Set Record

NEW YORK. April 6.--GaSoline
shipments 10 the Atlantic seaboard
states by tank cars set new high
last week at scoops barrels daily.
East coast consumption currently
is around 100000 barrels daily.
Petroleum Co-ordinator Ickes re-
ported rapid progress in converting
eastern industrial facilities 10 coal
from fuel oil.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Metal Markets

New York and wholesale nonferrou'
metal quotations supplied by Federated
Metals Division. Detroit Spot, 90 per cent
n nominal; New York. 50 future tin, 50
lake grade copper. delivered Midwest IL
.,lectrolytic spot smelter ~; casting cop
per II rs ST louis lead IS, ST. LOUIS
zine SIS. New York antimony. II so
virgin aluminium IS
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Many Uncertainties

So many uncertainties are
surging today, both in war areas
and in Washington. that stocks.
Notwithstanding their extremely
low ratio of price-to-earnings,
may remain lethargic until mo-
mentous pending domestic and
war issues are clarified.
Copyright. 1912. by B. C. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Livestock Markets
HICACO

CHICAGO. April UNs) .-HOGs-Re-
-eipts. $500. market, steady holdovers
S13. s0Hi4;e mediums, sl3s5al4: lights
Sl3. 70ui395. light lights. si3T 3.75
packing sows. sl3a - IS pigs. sl2 q II. rs
CATTLE-R Receipts 300; market. steady
Calves Receipts 100; market. steady. Beet
steers. choice, sl4nl62 rs. medium. Sl0a
II yearings. <l0a Is: butcher cattle
heifers. SeVl4 50, cows. SeGll; bulls
stocksrs steers. SIS so "a Is. cows and heif-
ers Ssni2
SHEEP Receipts. 2. 500 market steady
lambs Si21 II Is, common. Si0T II year
lngs SO 75I 1918; ewes, s5as. feeders
$40 b ll.I5.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
FAST BUFFALO

EAST BUFFALO. y. Y. April 4 tINs).
HOGS Receipts. $50. market steady
good and choice. .l5dl425 compared
week ago, general trade 10 to Is cents
higher
CATTLE Receipts. $50; no early action
on Canadian steers for week. most classes
and grades moderately active, closing strong
TO use higher; strictly good and choice,
Sl4 25d14 so most shortfed steers and
heifers Sill sou 1918 sizable volume
thick -meated Canadian steers, Sl3 q Is IS;
beef IS -
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Amer. Steel & Wire
Increases Capacity

CLEVELAND, o.. April g.
American Steel and Wire Com
pany, a Y. S. Steel subsidiary, has
blown in blast furnace here that
has been down for refining and
at the same time has been rebuilt
to allow for an increase of Is pei
cent in capacity.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Mich. Bumper 1941
Earnings Sf47,357

Michigan Bumper Corporation
reports 1871 net profit of Sl47 ,357,
equal 10 - cents a share. against
a net loss of 500. 25S IN 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
N. Y. Bank CIearinqs
Well Over ; Billions

NEW YORK. April 6. - New
York Clearing House Association
reports clearings for the week
ended April 3 totaled S3,6l1.071,.
600 compared with S3,226, 246, Al
in the previous week.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Scores New Trade Agreement Programs


direction has through
the and
administration leaders
approval with representatives OF the
American British governments"
In reformuang his own position, Mr. Peek points out
Our IN q possible to all Americans the
granted by Con-
Bill Rights
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Hogs Reach S14.15,
Highest Since 1926

- CHICAGO, April Clog prices
drther penetrated new high
ground selling at Sl415, another
new high on the move and the
highest since Oct. 6, 1926. Opening
prices were around ID cents higher
with good and choice 200 pounds
60 300 pounds weights, bringing
Sl4m AIS.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Foreign Policies Should Be Related to Needs

policies political and economic should be
needs and ideals with the
obe protecting and perpuang the form OF government
economic policies which made
country great
can either standards Of living
government
the world lower them to
alien
do hnih a he sam
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Scratches
~ tnited Press

~ tnited Press
BOWIE
Track fast
First Race Bad Actor, Very Quaint
Second Race Jezsra, Helen Novice
Rare Bright Henrina Lit Up, Misty
Lady
Third Race Radio Wave. Repeller,
Lighi Chatter lndomiiable. Avesta
sixth Race Fogoso, Jungle Moon. Don
Orlsn
seventh Race-Valdina Leo, DIZZY b.
TROPICAL PARK
TRACK fast
Second Race China. Tricia Jean.
CHATTER De Sofa Tarhaven, Try Do H..
Third Race-Rock Maker Sergeant
Bob. Gallant stroke. Bombed, ViaJero.
Bad Cold
Fourth Race Gay Fad Jack Rubens,
Barney's, Gal
seventh Race-Bud on West Wichita
Speedy squaw. Trimmed. SIR Quest,
Kings Error Castigada
Eighth Race symptom, Miss Pittypst,
Buttermilk, White Hope Placer Inn,
Wicked
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06

American Car and Foundry de-
clared a dividend of S1.75 on the
preferred payable April II to
stock of record April IA. The COM
pany paid similar amount on
Dec. 81. 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06

Requests for new locomotives
were also scaled down. although
they apparently will get enough
to improve car utilization some
what.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
CdmiIIi and Herman
In Johns Hopkins

ATLANTA. Ga, April 6 (INS).
--Brooklyn's first baseman Dolph
Camilli and second sacker Billy
Herman today were in Johns Hop
kins Hospital. Baltimore. for treat
ment. but were expected TO rejoin
the Dodgers there Wednesday.
Herman is suffering from q sacro-
sciatic condition while Camilli will
undergo treatment for toxic poison
ing said 10 have caused stiffening
of his neck and back muscles.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
All British Markets
Are Closed Today

LONDON. April all markets
in Great Britain are closed today
in observance OF Easter Monday.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
DETROIT DECLINES

Steel production last week edged
upward l2-point to SO pen cent,
the same rate as prevailed a year
ago, though the larger capacity
now available means greater tom
mage than year ago.
Pittsburgh advanced 1a-point to
961a per cent; Chicago h-point to
1O4A equal to its all-time record
of December; Cleveland gained 1
point to 90R per cent and st.
Louis 4 points to 81 per cent. De-
troit receded points to SO per
cent. Unchanged rates were held
at other points; Birmingham IS,
Cincinnati 80, Wheeling 821s, New
England so, Buffalo SO. Eastern
Pennsylvania 80 and Youngs
town "a.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Stellar Fie|dinq
Aids Cardinals

LAKELAND. Fla, April g.
Stan Musial robbed Jimmy Blood.
worth of an extra base hit with q
spectacular one-handed leapine
catch in the ninth inning Of the
Tiger-Card game here yesterday.
Frank Creepy Crespi chased
a wind blown ball I'm back of the
catcher's box to make an out.
Up to yester d ay. when the
Tigers achieved three hits and
three runs off him. Pollet had al.
lowed but two runs and seven hits
in Ia innings.
The eroIod dppioaded Wiidly
When IL pds announced that the
Tigers Were expected back merit
spring. There ,cds a nice turnout
81 fans, 1888 persons. second
best Of the spring schedule. The
Yankees dl'cjc orer ISDO here. Il
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06

General Shoe Corporafion de-
clared dividend Of Is cents on
the common, payable April 30 10
stock Of record April Is. The same
emoun, vas paid April 80. last
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06

Sales High Low 1l:00 Chgt
300 Is IS Is -.
100 2ia 2ia 2h- !.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Steel Industry
Spurred Toward
Record Year
impetus Of Demand
for War Program
Brings Mighty Effort

CLEVELAND, April 6.--New
production records in pig iron and
steel and opening of the iron ore
season at the earliest date ever
known forecast probably the
greatest activity ever attained by
the steel industry, says Steel.
Numerous steelmakers estab-
lished new high marks in March,
mong other accomplishments
being a daily and monthly blast
furnace production figure by a
Michigan stack, claimed as new
world record. The increasing tempo
was we'll under way when the War
Production Board asked accelera-
ton and will provide excellent re-
ports as of April /. when first
production figures are asked. That
the records were made in the face
of scrap shortages makes them the
more impressive. Various factors
promise further increase as new
luipment and methods now under
}ay produce results.
RECORD OPENING
Opening of the iron ore shipping
season II days earlier than the
record set last year indicates the
effort to bring down the expected
100000 tons or more above the
record total of 1941. In March
1872 .558 tons were loaded at upper
lake ports, the first cargo of about
10000 tons reaching Cleveland
dock March %. Last year the first
arrival was April 9, then a new
record. Most of the ore fleet now
is in service.
While plate demand leads all
steel products, shipbuilding con-
tributing most, bars are becoming
almost as important. Requirement
for shells are a large factor and
ALLEGATIONS are being made to cover
needs of the army and navy. One
lot of 1000 tons was distributed
recently for delivery to shellmak-
ers in the East and other tonnages
are about to be provided for the
Middle West. This heavy demand
for munitions manufacture has
crowded other bar users severely
and agricultural implement manu-
facturers have been forced to
curtail some of their lines. Alloy
grades of bars are in greatest de-
mand and top priorities are applied
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-06
Detroit Stock Exchange

1912 Range
High Low Div.
1885 Is .70a Detroit Edison
23 2K .l0Z River Raisin
Newark leader. ([Newark, Ohio]) 1917-1946, 1942-05-07
Newark GROUPS
ToStudy Local
Price Schedules

A meeting of Newark mer-
chants will be held Tuesday,
May IL at p. m. in the Knights
of Pythias hall, at the sugges-
tion of the Office of Price Ad-
ministration. A telegram re-
ceived the first of the week by
Mayor A. D. Lockwood asked that
the meeting be called and that
representatives of the various
civic organizations, including the
junior and senior chamber of
commerce, Kiwanis, Lions, and
Rotary clubs, as we'll as other
groups, be asked to cooperate.
1t is expected that government
officials will be here to discuss
the current prices of rents, food
stuffs and other necessities, an
organization perfected to make
any necessary adjustments.
News of the meeting was re-
leased by Elmer Munkachy, act
ing mayor of the city Tuesday.
HlIy DFEENsF RoNDs AND srAMpe
Newark leader. ([Newark, Ohio]) 1917-1946, 1942-05-07
Lions Club
Inducts Officers

DR.. E. J. Schnute, secretary of
the Newark Lions club reported
this week that w. A. Wallace,
Newark insurance man, is new
president of the club, being in
Quoted into office at the MONDAY
meeting of the organization in
Hull Place Wednesday. Other Of
ficers include DR.. C. H. Bondy,
immediate past president; DR.. w.
E. Dayhuff, first vice president;
Glenn Vanscoy, second vice pres
idelit; George w. Robertson, tn d
vice president; P. |. Robb, tail
twister; M. K. Beaver, lion tam
err; r. A. Cochran, treasurer, and
DR.. Schnute, secretary.
On the board of directors are
Homer w. Dupler, S. w. Morgan.
F Clark Morrow, DR.. r. E. Pick
EFT, E. D. Perkins, and E. l..
Pound.
The induction ceremony was
conducted by DR.. Shrontz, past
president and past district gov
ernor. DR.. Bondy was present
ed with a past presidents pin,
and President Wallace appoiated
his committees to serve for the
ensuing year.
BUY DEFENSE BONDS AND STAMPS
Newark leader. ([Newark, Ohio]) 1917-1946, 1942-05-07
City Engineer
Reports On
Crossing Separation

City Engineer Charles Wells
made an official report to mem
bers of council Monday night
following a recent request of
Councilman Jay Lentz that he
draw up an estimate for grade
separation at South Buena Vista
street and the abandoned canal
lands, with the Pennsylvania rail-
road.
Mr.. Wells stated that he still
believed the approximate cost
would be 100000, but that an
estimate was hard to make at
this time because of steel short
age and the war. He also advis-
ed that while the site proposed
for a subway could perhaps be
secured without cost, there was
no roadway there at present and
the railroad company would not
be obliged, except by mutual con-
sent, to cooperate in building
subway at that place.
BUY DEFENSE BONDS AND STAMPS
Newark leader. ([Newark, Ohio]) 1917-1946, 1942-05-07
Newark Lions To
State Convention
May II, Is, 10

T : Ohio State Association cf
Lions clubs will hold it's annua!
convention in the Deshler-Wal
l'ck hotel, Columbus, May L
12 and 10, it was announced
yesterday by Amor E. Bogen,
Columbus, Lion "tail twister"
and i'll charge of plans. He is pre-
pairing entertainment for more
than 200 Lions.
I'is'llct directors are Rev.
Huyh W. at, Mt. Vernon; DR.. f.
Van Volkenberg, Youngstown;
NJ l.. Chute, New Lexington anu
Richard E. Francis, Middletown.
Attending from Newark will
be delegates w. A. Wallace, pres
ident; DR.. E. J. Schnute, secre-
tary; DR.. E. w. Dayhuff, vice
president, and F. A. Bryan, past
president. Alternates include
Dr. C. H. Bondy, past president;
=. D. Lawyer, past president, DR..
w. E. Shrontz, past president and
past district governor.
DR.. Schnute, secretary, stat
ed this week that approximately
20 members of the local club and
their wives expect to attend the
district governors ball Monday
night, May Is.
o.,u 1rrrner 1ok0o An0 cr.noc
Newark leader. ([Newark, Ohio]) 1917-1946, 1942-05-07
Local Realtors
To State Meeting
May 25-27

Dale J. Warner, president of
the Newark and Licking county
real estate board, announced this
week that the members of the
Ohio Real Estate Association will
attend the 33rd annual conven-
tion of state realtors, May rs
to 27, inclusive, at Canton, Ohio.
B. o. Horton, member of the
state board of governors, is the
official delegate from Newark.
Others besides he and Mr.. War
ner, expecting to attend are VIM.
A. Emde, secretary of the organ
ization, and Albert B. Schauwek-
err.
o. T. Harris of Canton, state
president of the association, said
this week that a "royal welcome"
will await members, and that the
Stark County Real Estate Board
plans a series of interesting So
cial programs "after the con-
vention day business is DONE"
The convention headquarters
will be maintained at the Hotel
Courtland.
Early registrations from real
tors in Columbus and through
out Ohio have been received, in
dicating that the convention will
have one of the largest, if not
a record breaking attendance
for the state association meet
ings.
The coming of David B. Simp-
son, Portland, Ore, national pres
ident of the National Association
of Real Estate Boards, and the
well-rounded program arranged
for the Appraisal Institute open
ing the three-day session have
stimulated interest in the conven-
tion.
The institute is being conduct
ed under auspices of Ohio Chap
ter 3, American Institute of Real
Estate Appraisers. Henry B.
Bunker, Cincinnati, is state pres
ident of the chapter and pro-
gram chairman.
BUY DEFENSE BONDS AND STAMPS
Newark leader. ([Newark, Ohio]) 1917-1946, 1942-05-07

Officers Of the board include
John c. Sweeney, secretary
treasurer of Cincinnati; James
Caldwell, state president, Colum-
bus; Paul w. Haynes, first vice
president, Newark; Marion Mer-
cereau, second vice president, To-
ledo; Hans Hagans, third vice
president, Akron; Charles Har-
bour, fourth vice president,
Cleveland, and Franklin Will
liams, fifth vice president, Lo-
rain.
f. C. Hallbeck, president of
the National Federation of Post
Office Clerks, will also be in
Newark to confer with the execu-
tive board on arrangements and
investigate the railroad schedule.
1t was through the plugging of
local delegates to the national
convention and Paul w. Haynes
of Newark, that the possibility
of bringing the national conven-
tion to Newark was made poss-
ible.
BUY DEFENSE BONDS AND STAMPS