davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
GIN Frigiddire
Unit TrebIes
Output Of Guns
Further Production
Rise Seen as Plant
Nesrs Full War Basis

DAYTON. O.. May II fINS)-
The General Motors Corporation
Frigidaire division now Is turning
out moro than three times as many
.So-caliber machine guns as II was
making AZ tho time Of the Pearl
Hsrbor attack and expects 10
double present output by the time
The first Pearl Harbor anniversary
rolls around,
Company officials declared to-
cay that the division would be en-
tirely on a war production basis
ir about two weeks. II now Is
winding up a few odd jobs they
said. The refrigerator business
stopped April 80 under a War
Production Board order.
The immediate problem before
the division is the conversion OF
its refrigerator producing facilities
"a war work.
Very few of the machines that
have been making refrigerators
can be used TO make war mate
rails. officials declared These ma
chimes, therefore. are be ing
moved out OF the big manufacture
ing plants here and stored for the
duration.
So far as refrigerator producing
facilities are concerned. about all
that is being converted TO war
work are the division manage
ment. the labor supply and the
floor space in the plants.
Officials of government war
agencies. II Is said. are reconciled
70 this. They are reported 10 feel
that the best thing about the
Frigidaire change-over Is the utili-
zation of the divisions manage
ment. skilled in mas sproduction
techniques, for war production
purposes.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Gives Firms Benefit Of Fixed Overhead

things being equal the bulge in sales would have tended
expand the of net earnings than the rise
giving the companies the benefits of fixed overhead
while sales rising.
company rolls 1941 $40 for dollar
paid the sockholders In the previous year
III the rolls
distributed $50 900 stockholders
Tax payments f62 larger last year han IN
1910 while output climbed % per cent.
Net earnings last account of the bulge volume
1928 They however
less than the earned 1929 despite the
produced sold
year 1929 Wages and in 194l took much
of gross
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
I Mining Firms
To Be Dissolved

PHILADELPHIA, May 13. -
Dissolution of American Mining
and Securities Corporation,
wholly owned subsidiary of Tono-
pah Mining Company of Nevada
was approved at the annual meet
ing of Tonopah stockholders.
Stockholders also approved reso-
luton empowering directors to
liquidate Tonopah Canadian Mines
Company, another wholly owned
On January 10, last, these two
of Tonopah disposed
of their controlling interest in
Mandymines, Ltd, to Hudson Bay
and Smelling Company for
1926, 1893 in Canadian currency.
c. r. Alexander and G.. w. Nc
Dougal, two directors, whose terms
expired, were reelected for three
year terms.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13

DETR0f7gaa INES
NJ. S. Rukey.er
M. S. Rukeyser
Says Word Profit
MiSleadS Public

The short form sreamined corporate accounting
designed the public clearer perception goods
produced and exchanged in the United States.
In addition mpicaon stopped using business batting
language such the highly emoonalized word profit and
substituted business vocabulary. It's merit lay emphasizing
that the who bought the goods and services the
fountain of all funds for meeting wages and all
so-caled profit the business
capital described ineligible words
for the the tools and other facilities provided
out of the savings of investors.
Although of leading corporations have thus tended
moderne their accounting accordance with
the consciousness of the change has not yet FULLY penetrated
popular thinking accordingly demagogues have been voube In
creating popular confusion of business profits
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Net Showed Drop After Taxes Of rs Per Cent

OF will before the total fgues OF all
the reporting corporations revealed by the internal revenue
successful companies
showed definitely the fourth Of last
increases corporate income after taxes In
the first of this representative early companies
showed DECLINE after of rs compared with the
of 1941.
the demagogic camor
UNIV and exorbitant profit?
the overall earnings Of the baronerc steel
of industry
translate earnings into dsrbutabe net earnings sumed
1941; amounted 10 81
dollar sales the history the nation COM
81 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Output
Holds Steady

Total consumption Of DetJn
Edison Company power for Tn
week ended May 8 was S1,621 90
kilowatt hours. gain Of Ia pc
cent over the $685. 900 kilowat
hours of the corresponding week q
1871 and an increase OF 81 pc
cent over the previous weeks tots
of 79.l5S.00 kilowatt hours.
Industrial use last week totale
80. 875 900 kilowatt hours. a droE
OF 3.5 per cent from the IL. 352. 90
kilowatt hours of the correspond
ing period last year and q gain o
% per cent over the previou
weeks total of 39,04l 900 kilowat
hours
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Cumulative Votino

He urged cumulative voting
for directors so that minority
stockholders would have direct
representation; that the COM
pany should cooperate in form
ing union OF its stockholders
and that this union should be-
come member of "a larger
national stockholders union, or
possibly that IL should be a
branch Of a middle class union.
representing the middle class of
the country
He added:
THE United States will not
be able tn put the kind Of new
order In the world which IL the
real and best answer to Hitler
ism unless our middle class
saves itself"
Isn't <his profoundly true?
Copyright. 1912. by b. c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
On the Business Front

sary credit and turning TO war
loans.
AND JUST learned from the
latest issue of the Murray Senti-
nel-plant publication of Murray
Corporation of America - that
Charles II. Widman has retired
from active duty as vice president
in charge of sales.
This rings down the curtain on a
business career which has been
outstanding for 40 years.
In eulogizing Widman, the Senti-
mel tells a fascinating story OF the
last war.
Widman was then with the Wild
man company which supplied pulp
wood for American warplanes.
They had 10 find a waterproof glue
to hold it together. though.
One day a little Swiss inventor
came in with some glue samples.
He failed to get a satisfactory in
terview, however, so he left.
He left behind some samples and
Charles Widman tested them and
found them 10 be outstanding
Widman started search for the
man which wound up in a drug
store basement in Minneapolis.
But when they tried TO produce
IL in quantity, they couldn't get
the glue bubble free"
Finally Widman boughta bakers
mixer in Pontiac and IT worked
like charm.
Later they found that the Swiss
had two brothers. one Of whom,
sold the formula to the Germans
and the other 10 the French.
But only Widman company was
able TO get II bubble free"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13

HEARD Michigan Senator Prem
tiss VI. Brown discuss the question
of initiation via the airwaves the
other night and the senator
brought up some extremely inter-
esting points.
He said the generally expressed
objection 10 the administrations
anti-inflatlon program Is that IT
does not provide for a ceiling on
wages and sets the farm price
ceiling al 40 per cent Of parity.
Senator Brown made tho obSer-
walton that critics would do well TO
study the plan thoroughly because
there is ample administrative con-
troll 10 take care of both OF these
objections.
For example the WLB and other
agencies have been ordered 10
stabilize fair and equitable
wages" and the farm prices can he
regulated largely through the sale
of government owned surplus
crops. he said.
The senator then pounded home
an important warning to the people
OF the nation.
THE steadily rising purchas-
ing power IL a menace To price
levels and therefore 10 wages. IL
II a menace 20 the nation"
Something must be done 10
decrease the pressure OF this
rising purchasing power and In
40 doing. we must build up buy
Ing power for the future"
No thinking American can deny
the truth Of Senator Brown 5
words and ho is 100 per cent cor.
rect IN his stand
II is an obvious fact that ever,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Priee-Fixinq Policies Confuse Public

But opinion the factor been inc uncertainty
fixing policies This has affected only dealers but also Gus
Raonng makes boarding ancpatory buying futie
Price-fng the incentive And doesn know
rules of will be- remains on the sldene
There general feeling that going to be badly pnched
a. illustrated by the tight ratoning of gasoline.
10 Of civilian business mas oeen
sands| Retailers had shipments postponed until
find goods would them ana what
they could be esod for Pending deal OF badly needed
Qualification of the general prceXng order caused
manufacturers and wholesalers TO withdraw prices
manufacturers stopped showing fall lines
while awaiting rules seasonal merchandise
producers wholesalers and notably the Gamers have
by initial prcefxng rules They have TO
which have been rapidly boosted In
with aid Of the Now they are
asked sell at their relatively low March prices
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Bank Loans Continue
7-Week DOWntrend

NEW YORK. May 13.-Com-
industrial and agricul-
tural loans of banks continued
downward trend last
week. The Federal Reserve Board
said that these loans in banks OF
101 leading cities totaled $6,649,-
100000 on May s, representing a
decline of $77.000000 in the last
week and 1896, 100000 in the last
seven weeks. These loans, how
ever, were S1.0sl, 100000 higher
than a wear ago.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Forbes
Should Corporation
Executives Organize
Own S+oekhoIders7
BY b. c. FORBES

Is II the duty of corporation
executives TO take the lead in
organizing their own stockhold-
ers, who. although the real
owners, have had no effective
dice in the administration of
their interests!
This question is coming TO the
front.
More and more small In
vestors, more and more of those
who formerly constituted our
middle class property owners,
feel very painfully that they
are not being treated fairly.
They see the value of their
possessions dwindling and dwin-
ding. They are being hurt by
dividend reductions and omis-
sions. They face unprecedent-
eddy burdensome taxation.
They behold organized pres
sure upon politicians for pre-
ferred treatment by labor leaders
and farm leaders. backed by
strong unions. whereas the
small investor and property
owner is utterly without repre-
sentation, influence, at Wash
ington.
Is it not entirely natural that
the many. many millions of indi-
viduals and families who have
practiced thrift in order 10 save
and invest-and thus provide
employment-should feel ag-
grieved, should feel that they
are not adequately represented
or protected, should feel that
simultaneously with legislation
favoring labor and farmers, they
have been ignored. have been
subjected 10 unjustified losses
and seizures
After all. small investors and
property-owners constitute a
majority of our total families.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
MARKETS
Lewis Heney
lewis HeneY
Retailers Upset
by New Restrictions

Manufacturing and heavy industries" In general showed little
last week Conditions mixed but the fine SHOW"
ing made expanding goods industries fully offset contrac
elsewhere Incidentally mind the fact that
only steel and metal industries practically at maximum
the for textiles shoes oher
similar industries Aside from gradual addition TO plant capacity
therefore little further be cNpeced
Business the wholesale and retail merchandising
distinctly slowed Despite the huge
Initiation gap which has worry government officials so
much the American citizen have reduced rather
than enlarged his spending Partly this natural reaction from
buying in mems clothing The new rules
restricting credit raising cash down payments and
reducing the credit cutting trade somewhat Perhaps
considerable bad had depressing erect on
sentiment, and has affected trade unfavoraby.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Industrial
Front Has
Good News
ny International News Service

MORE SHIPS - Completed al
most six months ahead of schedule
the destroyer Lardner was deliv
erred TO the United States Navy
today at the Kearny, N. j.. yards
of Federal Shipbuilding and Dry
Dock Company.
MORE HONORS - Atha works
of the Crucible Steel Company
already the recipient of the navy
"E" for efficiency, today also held
the British "B"-the first ever
awarded-for promptness in exc
cutting British war contracts.
MORE PLANT-Otis Steel Com
pany, engaged in war production.
will spend SIS, 100000 to expand its
plant.
MORE STEEL - Shipments of
finished steel products by United
States Steel Corporation subsidi-
aries in April were higher than for
any April in the corporations his
tory.
MORE NEUTRALITY-SUSPICIOUS. of
an essential ingredient
of steel, can be stepped up TO 600,-
600 tons and there Is no prospect
of shortage even if all foreign
sources are shut off, the American
Society of Metals reported.
MORE NEUTRALITY-SUSPICIOUS. rub
Der substitute soon will be in pro-
duction in West Virginia with an
initial output of several thousand
pounds a day.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
No Lefup!
Coal Mines to Continue
on Five-Day Week

PHILADELPHIA, May 13.-An-
thracite production, which is based
by the anthracite emergency COM
mittee on the ability of the market
to take coal, is being continued for
the week ending May Is at 1,19S,-
600 tons. as in the preceding four
weeks. This Is the top rate this
year. The mines again will work
five days in the week. many still
being unable to catch up on orders.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Commodity Prices Continue TO Rise

Commodity averaged higher last week. because
grains, faxseed, cotton, and wool tops rose
supplementary rules will have
adopted before Wanted general maximum price egu
Meanwhile the weird spectacle
standing crowded meetings to listen
TO the latest experts tell them that the
do this that case that they VIII pooaoy De
that meanwhile the business men themselves must
on and do the enforcing.
seriousness OF the emergency
performance dismissed another NRA. This time,
however there can be appeal to the courts
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
AVERAGED OnIy 1871 on Investment

The capital investment in the steel industry
per compared with 90 cent in 1929 and rs per
1910. industry commonly looked
and industry which expected to bring up ITS
In the decade 1889 the
industry averaged only s. per its investment.
Iron and Steel Institute discloses
industry investment
other manufacturing industries for the
tenth consecutive
steel industry like other businesses faces increases
in the rate of and profit
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
SAGINAW Markets

SAGINAW, Nay 10 tUFI--Today'
raging prices 20 growers for beans.
Pea beans 81 50. light red kidneys. 81
darn red Kidneys. So yellow eyes 80
G. r. C light crsnberries. -; c. X. c
dark cranberries, - 50
wheat. $1,000 los; oats, 52N 53ei rye
90 y ssc: Eix-rowed barley. 81 $40 65
buckwheat. ti.sTH u 90; corn. rs q SOC soy
beans. t1.ss H1.s3.
Prices furnished By Michigan Bean Com
nsoV.t y ..
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13

penny unnecessarily added TO the
purchasing power of the people at
this time helps 10 undermine our
economy and. in so doing. sabo-
tagcs tho war effort
That is the reason why Detroit
bankers are restricting unneces-
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
1Ex' Here 10 DeIist
Detroit Paper Issue

The common stock Of Detroi,
Paper Products Corporation viii
be removed from the list and trad
ing on the Detroit Stock Exchange
at the close of business May 16l
Clark c. Mickey, secretary, an
nounced today.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Detroit Poultry

Market steady. Hens. average run. Ale
under 5 lbs. 22c: leghorn hens, lbs. aps
up. zoe: cocks. 14c. rock springers, owe
4 lbs. 2sc: rock broiiers, az to 4 lbs.
csc: leghorn broiiers. IN lbs. up, nc
crosses, &c under rock.
EGCs-Market steady: current receipts
2st.c: undsrRrades "a. n PIC
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Great Atlantic and Pacific Tei

Company has declared a dividend
of 81 on the common and the
regular quarterly dividend of Sl.75
on the preferred, both payable
June 10 holders Of record May
Is. On May 81. last year. Sl.oO
was paid on the common issue.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Approve $4,000, 900
Otis Steel Expansion

CLEN ELAND. O.. May 13.-
for a contemplated ex-
pansion program, involving over
SIS, 100000 at the Riverside plant
of Otis Steel Company has been
received from the War Produc-
ton Board and Defense Plant
Corporation. +. J. Kulas. presi-
dent, announced today.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13

Northern Pacific Railway reports March
80 cents q Share, against q net loss OF
seas. sA IN the March quarter OF 1s41,
March net income was $500, 723 againgt
sos, Jfs IN March last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13

Great Northern Paper Company and It's
wholly owned subsidiaries for the quarter
ended March 81 report a net profit Of
st25. $50 after federal income taxes. etc,
shares. against s676. 022. or So cents a
lshare IN the March quarter Of 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
Farmers Market

APPLES Northern Spies. fancy. 81 s
q bu. No. I. 81 75G2.25. No 2 SIG
as s,eeie's Red, fancy 81 b.; No. J
French ENpIvE-r.uey, ,ias s-n
soRREL-No l. so a soc bu.
sPINAcH-No. 1, N.251i.75 bu.
MUsTARD--No. !. 81 23u J. rs eu.
bchs No. l, T5gs0e; No. 2. eoc.
BEETs-No. !. IS y 75c bu No .. SOC
cARRoTs-No. /. Xi.3o1iss bu.; Ne
u. T5enSi
HoRsERAoish No. j, sasaS su,
No. 2. 81.
LEAF LErrucE-Hot hou,. No. !
81 rs. 10Th. basket
NioNs-Dry no s' !, o saoa aSas SOL.
sack; No. 2, u75 Green. No. 1. i5S~
PARsNIPs-No. i. sisOaa bu.: No.,
75c HSi.
roTAroEs-So. /. $4,000 IS b.; No
a. 75m s5c
RApIsHEs Outdoor fancy. 81 bu.; Nc
RHuBARB- Hothous., fancy. zoe s-B
box. choice. 7sc; small 45e dos. bchs.
outdoor. IS "a SOC do1. schs.
RUTABAGAs-No. I, so Toe bu.
TuRNIPs-No. /. sl.736i.50 bu., Ne
VEGETABLE oYsTERs-Ho. 1. soos
PoULTRY-Liv. hens, h~vy breeds, .
u 26c ~, leghorns, I'll a23e; broilers
heavy. ~ a 2ec IN ieghorn. 7sa77e.
EGGs-LaIge 500 TO- so So-dos. case
PLANTS Psnsies. N25ai7s is.eo
fat. SALIVA. si.25 fat Cersnuns. S5t
g. so it-pot Hst miscellaneous flowers, .
dat. vegetables, 75c fat.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
i. ). 10 Purchase
Tires, Tubes Of
Private Owners

WASHINGTON, May 13 tUP).
The Reconstruction Finance
Corporation today had set up a
$3.50 100000 fund for its subsidiary
Defense Supplies Corporation, to
buy new and used tires and tubes
from auto owners.
All sales by motorists will be on
voluntary basis.
Secretary OF Commerce Jesse
Jones said the RFC and Office Of
Price Administration representa-
tHes are working out details Of
the purchasing program.
PAYMENT IN CASH, BONDS
A 100000 fund recently was
set up for Defense Supplies Cor
poration. TO finance frozen stocks
of new passenger auto tires and
tubes held by manufacturers, dis
IlIlDulOIS, JODDtlS anu utdicIS'
The new program for purchase
of tires and tubes directly from
private owners will be admins
tered locally through the OPA
county tire ration boards and RFC
agencies, Jones said.
When tires are sold 10 the gov
eminent. payment will be in cash
or war bonds.
STORED IN LOCALITIES
Local OPA ration boards will
determine the prices to be paid,
but none will exceed OPA ceilings.
Tires and tubes will be stored in
the locality in which they are pur-
chased so they subsequently may
be made available at the lowest
possible cost TO the local board, for
rationing 10 citizens who are en-
titled TO tires for war and essential
civilian transportation" Jones
said.
The RFC acted promptly to
build a stock pile of tires and
tubes after President Roosevelt
signed a bill authorizing purchases
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13
CHICAGO

CHICAGO. May u uNs).-BUrTER-
Receipts. 6.Oss tubs; market, steady
&c of Extras, % score. 37he: stand
ri score. size: hrsts $3.50 score. % q
36hc; specials, 80 score. 37I d3skc.
EGGs-Receipts. 2e.051 cases. market
steady. Current receipts, 2shc: fresh sxi
ira hrsts 90. n soc; fresh firsts. 7sk &
29hc. drties, 27c; checks. 26ko.
CHEESE--Twins, 2iiS u2i%e: daisies
prints and longhorns, 22h d22hc.
LIVE POULTRY steady-easyi
Turkeys. l3m2ie; hens. ls01ae; leghor
hens. 14m20c; springers, 2th d2shel
broilers. "a 26lic; roostera 13h 6l4bcl
ducks, 12a1shc; geese, e011c.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13

Approximate prices furnished by the Ma
ional Association Of Securities Dealers,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-13

After all. small investors and
property-owners constitute a
majority OF our total families.
Milford chronicle., 1942-05-01
SHERTFF'S SALE!
BY virtue of a writ of Levari Facias,
to me directed. will be exposed
to public sale. on
MAY 2, 1872
At 1900 O'CLOCK p. NJ.

In front of the Baltimore Trust
Company, i'm Selbyville. Baltimore
Hundred, Sussex County and State of
Delaware, the following described Real
Estate, tO-wit:
All those certain pieces. parcels and
tracts of land described as follows.
to-wit.
l. All that certain lot, piece and
parcel of land situated, lying and heing
IN Baltimore Hundred. Sussex County
and State of Delaware, adjoining lands
Of Armwell A. Hudson. William T..
Hudson and Jacob w. b. McNeal and
others. being on the County Road
leading from RoXana to Selbyville, and
near the Town of Selbyville on the
West side of said road, and containing
FIVE (5l ACRES AND TWENTY (205
OF LAND. be the same more or less.
2. All that certain piece, tract or
parcel of land, lying and being situate
in Baltimore Hundred. Sussex County
follows. to-wit: Lying ON the West
side of the County Road leading from
Selbyville to Polly's Branch and op-
posite the dwelling house of what used
to he William l.: Hudson, and adjoin-
ing the aforesaid road on the East
side the mortgagor in this mortgage.
on the North side and Geo. +. Smith
on the West and South, said to con-
tain EIGHT AND ONE-QUARTER
(8A) ACRES be the same more or
premises which were conveyed to the
said Edgar =. Hickman, one of these
by Indenture of Clarence
w. Tingle, this MORTGAGE. and Ethel
herewith, not yet of record hut in
tended so to be. and this mortgage
being given to secure a portion of the |
purchase money therefor.
TERMS-20 per cent of the purchase |
money will he demanded on the day |
of sale, the balance to he paid on or
before June 20, 1912. If the pur- |
chaser fails to comply with these /
terms the per centum paid on day of /
sale will be forfeited. The purchaser
will he required to pay the cost of
the deed.
Seized and taken in execution as the
property of Edgar B. Hickman and .
Ethel NJ. Hickman. and will be sold by .
Eli F. Pepper, Sheriff. |
Sheriff's Office, Georgetown, Delaware, /
April II, 1912. a24-2t /