davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Materials Used Up

Why tho material shortages
can be gathered from data Just
revealed by Continental Motor
Corporation, showing how its
consumption OF critical materials
has increased II, steel conSump-
ton m 1852 Viii be- nnc4timcs
that Of 1898 Aluminium over
the same period VIII be- eight
times that at 1888
Gasoline consumption viii
show "A great increase. Nearly
loo times the amount OF gar,
Will bc used an testing Coptl-
Mental motors. according to G..
J Reese president Similarly.
sharp boosts IN the use OF cop
per, brass. rubber and many
other materials viii account tor
shortages OF consumer goods
Continental produces radial
air-Cooicd engines for tanks and
trainer planes.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
S59,O1O Profit
By Parker-Wo|v

Parker-Wolvcrine Company re-
port for the six months ended June
30, subject TO audit and year-end
adjustment shows net profit of
S59,0l0, after depreciation, etc.
and a 100000 reserve for esti-
mated federal income and excess
profits taxes. This is equal TO AZ
cents a share on 135, 93l shares of
common stock.
Net profit for the like period
last year was Sl1246S, or SO cents
a common share, after tax reserve
OF SlO6,0OO
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Lewis Heney
Lewis f1aneY
Russia Seen Nev
To Market Action

As anticipated column stock market reacted last
week Some OF the leading stocks dropped back the lower
ance levels mentioned here The reaction began toward the close
on Wednesday lasted through Friday.
The market had become technically weak after the May
rise Furthermore had probably absorbed all the bad
news IN could hold
Then top OF these conditions change for the
domestic political labor conditions this Occaoned the
reaction There was the drastic tone of the administration IN push
taxes corporate This combined
with talk about dsstcaI rcpcSsIvc 'infa
ton Along with these the attitude leaders OF organized
the tendency rank file
seemed threatening both the profits The
Presidents lack
has become and disturbing
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Humanitarian Pretensions Basis for Grating

In and terrific amount of spongng and subtle
grating done under barrage intellectual humanitarian
pretenSonS.
The universities themselves have been entirely immune
from this tendency.
the old days before the politicians began TO soak the
rich philosophy endowed called
rich large benefaconS without strings
attached"
Unqualified gifts intended leave the scholars free of
mixed motives and Sordid influences
But the assumption such that the beneactorS
likely be corrupt the scholarly bne
cae 100 pure and solely devoted 10 intellectual
ends.
Life has proved simple that
Sometimes well-o-do benefcareS themselves scholarly
and humane and disappointed find their FUNDS irered
unpoduCtNe academic bOondogging.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
MARKETS
On the
Business
Front
By WARD SCHULTZ
Detroit Times Financial Editor

! NACA1IONING IN the Upper
Peninsula, Glenn Cummings, De.
lfroJt manager Of The Wall Street
Journal decided 90 combine a LITTLE
bushes, with pleasure and check
mp on the Lake superior copper
mno~.
What De found was not too
hcar'eu.uE.
Despite a subsidy price designed
10 increase production by The high
cost pToduCClS, The OnCtIWc great
copper mines Of the nation have
not appleciahly increased their
output
A moderate increase Ia produc-
tion is ON the way bat it can't bC
-deHe--vrfa ii4t++tesiaftt TT t,-H-fn II year
time.
a, -tttttts-t4ttttt eiillenf, fotted that thc
maximum l7-ccut price had only
enabled Isle Royal Copper Quincy
Mining and Copper Range 10 re-
ducc thor losses and helped the
Calumet and liecla embark on a
moderate exploration work Quincy
has started rcWorklng a huge pile
of taIIngS which accumulated over
the years and which Is estimated
10 contain SIX pounds Of copper
per ton.
An IN all Glenn reports that a
bonanza is strictly not In prospect
and despite subsidies only very
moderate profits Will accrue 10 the
Northern Michigan mines as a re-
suit Of the war boom. -
MOST GRAPHIC example Of
the depletion Of known ore re-
serves Is. of course. the famous
Calumet and Hecla "Conglomer-
ate mine.
Known yer[thc 1earS for the
purity of as ores. the Conglom-
crate yielded S9,000000 pounds OF
Copper1n a single year and aver
aged around % millions for many
yoar>.
Z This minc alone was largely re-
Spon>ihlc for G. e II paving out
over Sl93O0O.OOO IN dividend,
over the years As late as 1891
Conglomcrate yielded 37OOOO0(
pounds but two years later
dropped off to S,00d660 ana finally
operations were suspended.
RECOGNIZING THE NEED for
fuel savings in home heating dur
ing the war years. the Federal
Reserve Bank has lust announced
certain notifications OF its credit
restrictions designed tomalc these
savings possible.
For example the amendment
removes the one third down and
- months TO pay restriction on
the purchase of equipment used 10
convert home heating plants from
one type of fuel 10 another for
example switching oil burners to
the use of coal.
The amendment also removes
restrictions on credit 10 finance
installation of storm doors. storm
windows, weather stripping and
Insulation which effect an overall
saving IN fuel consumption.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Custer Soldier
browns in Lake
Time. stair Correspondent

FORT CUSTER. July g Pvt.
Leonard a. Campbell. Il. Of Conn
pany =. ll,h Infantry drowned in
Eagle Lake Yesterday while swim
ming with more than 100 men OF
his company al a protected beach.
The mon had gone swimming
after completing training eXer-
else near The lake and Campbell
was not missed until most OF the
men were out Of The water.
Campbell son OF Mr. and Mrs.
Worth { Campbell oi Salem y.
&C. was indicted January 10 and
sent here from Camp Wheeler.
Ga, IN April.
Promotions in me Michigan post
Military Police Company were an
uounccd today for the following
men: Benjamin r Sobanski. 1891
PIquCttc Detroit, TO staff serge
ant Robert = Hi Dearborn.
Harold a Ilpck 1890 Riverside
drive Detroit. Joseph y. Sadler.
pftoilNhle ana jos pa a Gar
nowSci Grand Rapid, 10 sergeant:
Jay Chailin. Albion 10 corporal.
Two more service cormari
UNITS here have io.ucd tho ranks
of 100 per cent subscribers for war
bonds through the armys pay de-
dnction plan. They arc The pos
finance Office and the 97th o.
tcrmastcr Company.
BATTLE CREEK. Julv 90
The Calhoun County RationInr
Board viii permit Battle Creek
city and township residents 10 ap-
ply 10y mail for sugar permits for
tall canning beginning August 3.
Residents nf tho lest OF tho county
must apply in person.
The city commission has author.
lzcd the payment of Sl4. 1913 IS in
sewage treatment works bonds in-
tercSf. leaving S256.O00 stu out
standing on the project in revenue
bonds.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Sees Roosevelt Planning Fourth Term

lne rst cloud indicating coming fourh-iem quest by the
cd of the Democratic Party appeared the interference
Ne" York state politics by the commander Of the nations armed
Al this appeared dark background
The $ viii market the
nearby lower resistance level which between l05 and loo
tHc DoVlonc average of ndua Thus the indications
Thar likely DO and the close Saturday 1868 One
cannot he this however and the safest would
he 20 await The markets either breaking below 106
above 100
Developments The German campaign in Russia may give
q 3rsa
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Bus Line for Workers

BATTLE CREEK, July %
Employees of the United Steel and
Wire Company left their cars
home today and rode buses on a
new feeder line established TO help
workers conserve their tires.
Started on a trial basis, the line
will be continued If patronage
Warrants.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29

N|fE -' kN~|flM 0I0. FORMER .II|D
executive of Sears Rocbuck G. Co
and WoN known philanthroplst E
m charge Of the erSatz 0Subs'l-
lutel department of the jnltcC
States war effort.
As director of conservation anc
salvage an the War Production
Board Mir ROSenwald and hl
stan are demonstrating 10 indus
try hat In respect TO critical ma.
icrials half a loaf is better thar
none
The philosophy as outlined IL
me hy RoScnWald. is 10 cI' ou'
fIiils and 10 stress slmplliCation
az the same tine switching huSI
ness from scarce and critical ma.
tCuals 10 more plentiful Su1
stances. Mr. RoSenWald expressed
the opinion that sImplihCation will
endure after the war emergency
a least AS long As there IS a
sellers market. Later. when and
If a buyers market develops some
he thought would again insist on
variations IN product IN order "a
provide sales points for individual
vendors
RnSerwald'S division is also con
Quoting a campaign in behalf ol
Skimping The result, he SAID Is
Of course not quite as good 2
product as before, but good enough
20 meet present needs For eX
ample. after 1897 standards were
raised in respect 10 copper wiring
and insulation. In the present
emergency tho board is requiring
rovorSion 10 the earlier 1897 SpcCF
fiCationS, which are more eco
t,.,r..f..T
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
u. ). Steel Net
Under 6 Million
Is Millions Deducted
TO Apply Against
First Period Taxes

NEW YORK, July % L. 5.
Steel Corporation today reported
a net profit of S5.9l5,373 in the
second quarter of 1912, as against
S24Sl4.75l in the same quarter
last year.
This resulted, however, In n
deficit Of ] cents a share on The
common stock. after preferred
dividend requirements, Tor the
second quarter. .
The deficit is the result OF
heavier chargc-offs Tor taxes GOV
erlng both the first and second
quarters
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Opposes FLAG Waving TO Procure Business

As enthusiast for the profit system, glad 10 rcpu-
table book publishers authors retailers and others exc out
honest livelihood adverse putting and
calling readers books which feel be of
interest and value to them.
But prefer business candid and unabahcd the
ducton and exchange Of goods and sefpeesAhel II itself
flag and calls for help the grounds PATRIOTISM
the question of good taste becomes involved.
This recalls that when Frank Harris editor OF
denc he the back launch the o-caed
Frank Harris Brotherhood Which designed raise funds for
intellectual which relieve
Harris of financial and thus free him for creative work
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Indus+ras Baked at Piercing Previous Top

But the tdct that tho 1mdustrials failed TO
through The pro 1853 Rather poor leadership has been
declines
Eastman Kodak Dupont Alhcd Chemical and American Can
Tax uncertainty has increased and prGbabc bad effects
earnings have been intensified The labor problem IS acute and
Te var ncvs distinctly bad and effective leadership
yet apparent
tvcn 'he market atf bore he cn8rcc, favor consider
able intermediate reaction ~ tIn q few weeks.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Crude Oil Output
Shows Slight Drop

Domestic crude oil production
in The week ended July % is est
mated by the Oil and Gas Journal
at 37l9,9l5 barrels daily. a de-
crease of 21,655 barrels daily from
the preceding week.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
SAVING MATERIALS

Likewise. in OrderfO Save Crltl-
cal materials the army Is eSchew
ing metal insulation I'm temporary
army CantOnments, which doubt
less will be >Scrapped after the war
Moreover. steel beams in new con
Siruction are being more cconomi,
callT used in accordance with
carefully worked out minimum
specifications RoScnWald said -
me that every important economy
on tho use side is equivalent to the
discovery of a big new mine
In addition his technicianS are
continuously conducting research
into the suitability Of various
products for military uses. Tests
for example, demonstrate that ply.
wood Is more resistant 10 bullet.
than steel
RoSenwald also superviSes the
nationwide salvage effort. with
the cooperation OF Paul {. Cabot
Of Boston. well known investment
trust administrator.
Experience shows. according "a
ROSenwald that the best way 20
accumulate scrap is through the
regular commercial channels nc
finds general handling and collcc
ton Of scrap superior 10 special.
lied drives for a single scarce
product
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
TAXPAYERS' ADVANTAGE

George declared however. that
the burden on employers could be
.caSod greatly by using the
present social security system set
up 10 collect the advance pay
mcnts of personal income taxes.
The Georgian said that while he
recognized these difficulties, IN
his opinion. the advantages -nl
collection at the source Tar out
weighed lis drawbacks.
he plan would he to the
ultimate advantage of taxpayers,
although ii would work some
hardship during the transition
period" he added
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Sees New Technique Now in the Making

Thus new technique for giving is in the making. One
benetdcor example,
universities special projects short
term basis He promises if the project carried out
COmpctcntly and We'll
This attitude toward giving recalls the philosophy of the late
julius RoSenwald Roebuck He
believe setting permanent phanthropc foundations ruled
he favored
projects perform for which they
designed RoSenWad wanted leave pan-
thropC that they could only
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
DETROiTSsas 1s:TfMES
M. S. Rukeyser
Hits Flag Waving
rs Sales Device

As incident the there dScenibe attempt Tor
those with ride their patriotic bandwagon
For example book publisher seeking TO dispose of copies Of
volume medicine Latin America ccuareS economists and
calls them The interest of national service TO bahoo THIS
book.
Addressing economists the publisher plauSby eNhorts;
rs economist will recognize responsibility Ia do
part towards further hemisphere solidarity aensrmen
Americas national policy international relations
II develops that the big Job in which economists asked TO
enlist TO help the publisher peddle his book medicine.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
BOND PURCHASES

The Senate tax leader explained
that forced savings could be ac-
compliShcd by raising individual
tax rates and specifying that a
fixed percentage of income tax
payments must be used 10 pur-
chase war bonds redeemable after
the return Of peace.
Al the same time he recognized
strong committee opnoSl1lnn- 10 n
HouSe-paSSed proposal for "collcc-
lions at source of personal IN
come taxes. lie said there-*ay
opposition because Of the hard
ship it would work on employers
who would have 20 keep books
-dHd act as TAX collectors, and
also because the , per cent With
holding rate, IL effect would make
individuals pay onc-and-one-half
Years taxes m one year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Detroit Stocks

Sales High Low II m ch,rs
tedersi Mot 20 100 az az az
McClsnshn on 100 rs is is
dividends IN the foregoing table are the
amounts declared or paid 40 Ear mi. ye.,
unless otherwise noted. a-Liquidatins dI,i-
dtnd, bon Accommodations. ex-Tx-dIsidend.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
DIVIDEND VOTED

Directors declared the regular
81 dividend on common stock, pay
able on September 10 10 stock
holders of record August 20.
The corporation provided our or
second quarter earnings Sl2.of9,-
$50 additional funds 10 cover
taxes for the first quarter OF the
year.
After such chargc-ofls. tho cor
poration had net income of So
9As,373 before preferred dividends
of 6,3049 19.
In the first quarter the net
nrofli Wa 2792L53f.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Lists Events on favorable Side Of Ledger

On No favorable SIDE The following conditions and
symptoms,
iore n.1 highs than lows Stl made
We reaction been extremely dull with tho market giving
strengthened The technical
position )y eliminating weakly trading positions.
Certain stocks such those mentioned last week have
treated 10 prepared positions exactly the anticipated lower
resistance levels the rails after touching high
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
STUDIES CONTROL

Tho President revealed that
Judge Samuel RoSenman Of New
York VIII make a study of The
price control situation. Mr.. RooSe-
Welt is expected 10 Submita report
10 Congress on the progress of the
anti-innatlOn battle.
ROScnman conferred yesterday
with HcndorSon/and public mem
hers OF the War Labor Board The
WPB members repeatedly told the
Judge that. IN their opinion. wage
Sterilization has been achieved
through the boards "yardStick'
ana further action is not neceS-
.>arN.
Brown said that the opinion OF
Atty Gen Biddie shows. that the
administration has wide powers
under the price control act TO
stabilize wages.
Brown predicted that Mr. RooSe-
Welt would tell the War Labor
Beard and 81 ih4e4- agencies hat
wages must be held TO proper
ratio with prices lie defended the
Little Steel A cents day in
crease and declared it would not
cause initiation.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Enforced SAVINGS
May Be Drafted
In New Tax Bill
Senate Finance Head
Studies Compulsory
Ward Board Purchases
BY ARTHUR =. HERMANN
Int'I News Service stan Correspondent

WASHINGTON. July % Scna-
tor George Oh or Georgia. chair
man of the Senate finance COM
Imittee. declared today that his
group may take definite action
ON a compulsory savings plan be-
fore it concludes hearings on the
ST. ;iftttt t11tttt1. t1ttt11tt W.T. tdX DTtt.
George said that his committee
lis giving much thought TO COM
|pulSory savings IN one form or
another" adding. IF We come
to compulsory savings now or
later il seems 10 me the only
practicable way 10 do it would be
Ilhrough taNatIon.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Detroit Poultry

Market gpfncers weak. balance steady
-, average run 23c iceh-ru hens q
~ a.d up 1870, cocks ioH poo rock
spH.nccrs 8 BIS go 26c rock hroIiefs
fn lbs. 2ic 'e-horn brutets .bs
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Brown Predicts
President viii
Block Initiation
Michigan Senator Doubts
II Congress VIII Change
Price Control Law

WASHINGTON. July % tINS),
Senator prCntiss Brown ID OF
Michigan. Senate leader m passage
of the prlcc control Law, today pre-
dictcd that President Roosevelt
VIII use hs vast powers TO prevent
initiation and declared that Con-
grrSS- AnL nat IpAI2o The act in the
near future.
Mr. Roosevelt it was reported
i'm other congressional quarters,
has assured Price Administrator
Leon Henderson of full backing in
maintaining ceiling prices, and will
inform the war labor board to adj
here rigidly 10 a formula TO pre-
vent wage >plrallng.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
6-MONTH NET CUT

The corporation had net pfoht
uf So Sbti gO-7 Tor The SIX months.
against SCI 374 746 IN the FIRST
half OF last year For tho six
months. L. s. Steel set aside 81 u
42ia29 for taxes nearly twice ~
So. SOL ,67l tax bill IN the firstSs-.
months al 1911.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29

iift sewers Corporation and lts suhsidi
f.f. t.' fgr fF months erls. June 80
rrp.r ret ff Ut tftr r-t rHrr fsrtrs
and f& .ess h-.f.F taeFr equal fr
5ift zt1 t-l- slarg no frf Bali
Of ISL
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
Unlisted Stocks

Approximate prices iurnlshed b. -Lhe IA
: f0T7s77 ETTUTT5TT06 n SECURITIES Dca.ers.
Inc District 40 g.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29

The newt article In this series
will deal with John n. kimberly
who runs the industry branches
Of the War Production Board,
and Ernest kanZler, head Of The
autom0tive branch.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29
FAVoRS SCRAP CEILING

Though apparently in favor OF
ceiling on scrap, RoSenWald
thinks n may be necessary in ad
dition 70 pay the lunkioS 2 fec for
selecting and classifying the sCran
so that n is ready for use II
thinks the price ceiling tcndS %
prevent speculative Withholding NJ
scrap from the market IN arucina-
tion of better quotations IN The
future
RoScuwald attended CorncN
University and spent bus business
career with Scar,-Rocbuck He
became manager OF the Phladel-
phla plant IN 1920. vice chairman
a. the board of directors and
chairman of The executive com
mIttce IN 1921 and was chairman
of The board from 1892 90 1899
IIe is "a member of The board 0i
trustees OF tho EuserWald Fund
organized 90 continue tho phiIan
throplc activities of has father The
late Julius R0Scnwald During the
FIRST World War RoScnwald served
ac "a seaman ~ tho Great Lakes
Naval Station Ills home I- st
ienkirtowr Pa
SOUS N THE SERVICE
po-enwalds tradition rf rayoI
service rs now being followed bt
has two sons. His Younger son
Robert ~ is now seaman sec
ond class United States Navy and
IJIu, IL rs. ls second lieutenant
n tht United State, Marine Corps
Ro-snR4ld also has tr.rr dauCA
iers and FIVE CraDddagghfcre.
lis collection of Rombr7nd
cfch.nEs Us considered tho mcs'
valuable Ir the world and is
housed ir hs 146-acrc estate us'
north 0f Philadelphia IIls wife
tHe former Edith GooJlnd of 81
Paul has q hobby of gardening
AZ 5l- RoScnwal3 apart from
hi> war service Ie mainly inter
e-ted phll8nthfopIc actIvltif-.
The NEXT article In this series
will deal with John X. Kimberly.
who runs the industry branches
Of the War Production Board,
and Ernest kanzler head Of The
autom0tive branch.
iifs sewers Corporation aud 30, subsidt
~. ..f 'lr fF month"; fr.t. June 80
rtp.r rft rr lt tfs f-t after fe1srs
and excess h-.f.F 'aeFr rGIs. fr
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-29

away in mnnrodIctive academic boondoqgiing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-01-06
BY the Associated Press.

PITTSTON, Pa, Jan. 6-The
story Of frantic attempts to flag
the Lehigh Valley Express was re-
lated today by a State policeman
who said the wreck of the Buffalo
New York limited in which one
was killed had been declared
purely accidental"
The train, carrying a $3.50, 900
cargo OF gold, smashed into a
stalled automobile on a crossing
during snowstorm early Sunday
morning. Seven cars and the loco
motive were derailed. Joseph Lay
zock, 40. Chicago, was killed and 10
others injured.
State Police Sergt J. E. Hess put
together this sequence Of events
which preceded the crash:
Henry Meinfield, 80, of Scranton,
dashed to a nearby factory when
he found he was unable to move
his stalled car from the crossing.
There an employe telephoned Z
warning to q railroad dispatcher,
but the train already had passed.
Another worker grabbed fiashlight
and ran up the track But his light
couldn't pierce the binding fall Of
snow.
The railroad tried in vain to halt
the train by telephoning two ot18
Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-01-06
Need Of Feeding Station
Stats Urged at Meeting

Though stressing the urgent need
for emergency food and housing
preparations in civilian defense,
Franklyn c. Sartwell of the Me-
tropolis View Citizens Association
last night congratulated the asso-
citation on its fine cooperation in
volunteering for these jobs.
Mr.. Sartwell said many more
people must be found to organize
feeding stations and emergency
housing throughout the community
Most people, though interested, he
said, do not realize the seriousness
of the situation.
The recent blackout was declared
successful in the community by
Chief Deputy Warden Vincent
Boudren. The only delinquents were
a few storekeepers who had misun-
derstood the rules and had left one
light on after closing. Mr.. Boudren
asserted that his zone had 126
wardens on the street. The first aid
courses available at the meeting
place two nights a week were sug-
gested as 4 necessity for wardens.
Mrs. FRANKLIN Sartwell discussed
plans to organize Red Cross knitting
and sewing groups. and suggested
that housewives would do well to
learn nursing also.
Members were asked to cooperate
with the Districts campaign for re-
covery of waste paper, metal, cloth
and other scrap material.