davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Starts Year Briskly

At the beginning Of 1911, trade
started off brlSkly, and as the
year unfolded. monthly gains over
1910 increased. However, the
largest increase over a year earlier
occurred in August, with sale OF
department stores showing al
some time during the month a
rise Of as much as 10 per cent on
a yearly bass
Moreover. the Chain Store Age"
an index high IN chain
store sales Of Isl, set IN August.
which figure was subsequently
reached IN November. Anticl-
patory buying by the public in
order 10 beat new tax ImpoSltlonS.
coupled with consumer fears that
shortages were imminent IN many
types Of merchandise. were impor-
tant factors m the August mn
provcmcnt
In addition Under the
Silmul0uS OF advancing costs and
operating expenses were increased
and dollar sale, further benefited
thereby While sales gains IN some
divisions tended TO narrow with
the approach of November. II was
thought a. that time that this re-
ncCtcd forward buying IN earlier
months and that trade IN the De-
ccmber holiday month would pick
am Gb4r.yIN
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

WASHINGTON, Jan. 17.-War-
time restrictions on the manufac-
ture and use of automobiles poses
a revenue problem for the states
which some Of them will have diff
ficulty in solving.
Highway-uSer taxes. consisting
of gasoline sales taxes, motor
vehicle licenses and motor trans
port taxes, yielded Sl,050, 864 DOC
in state revenues in 1889. regarded
as a normal year. This was ex-
elusive of property taxes, income
taxes. general sales taxes. etc,
paid by automobile owners and the
automotive industry.
1t was pointed out by the Census
Bureau today that these revenues
average about - per cent Of al
state revenues. and range in inn
portance from III per cent Of the
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Dominant Personality

Although as a nonvoting director
Of SPAB Nelson was without tech
meal authority, he became the
dominant personality on the board
He early envisaGed his role as
that of chief executive. who needed
TO have his decisions ratified by
the board Of directors. Accord
lngly at each SPAB meeting, Mel.
son appeared with factual sum.
maries and with specific recon-.
nendationS for action. Thus he
injected himself into a position OF
leadership.
His accomplishment recalls ar
anecdote about the late +. II. Har-
rlman. When he confided 10 Otto
II. Kahn that it was his ambition
TO be elected a member of the
Union Pacific board, Kahn pointed
out that he would still be only
one among l. on the board. Har.
rlman replied that all he wanted
was to get on the board and thai
then he would rely on his idea.
and enthusiasm to sway the othel
members.
AS an experienced and compe
| tent business executive. Nelson
has shown a capacity to get along
with New Dealers. He under
stands their language and theII
social aspirations.
Nelson has been early in facing
realities. He early recognized that
there would be competition be-
tween guns and butter and that
civilians would have 10 pull ir
their belts. Yet at the same time
he early stressed the need OF
taking an overall view Of the pro.
ductive capacity of the United
States and Of the legitimate needs
of civilians, army, navy and lease
lend. He argued against over
looking at least the minimum re.
Qulrements of the home economy
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Amer. Air|ines
Profit at Peak

NEW YORK, Jan. 17-Amerl
can AirlineS, Inc, which In 194l
became the first airline in the
world To carry more than 1000
600 passengers in any one year
also enjoyed the most profitable
year in its history.
1t appears probable the airline
Will show a net profit of approx
mately 50 100000. This will com
pare with Sl,S5S,550 in 1910 and
with 81 46775l in 1899.
The estimated S2,300,000 would
be equal TO S363 per share on the
574,S4S shares of common out
standing at the end OF the third
quarter. The 1910 earnings-equaled
SAT- on the 3S0,3l3 shares out
standing. American declared a
common dividend for 1941 of $50
per share on the increased capital,
against 81 for 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Odds and Ends

Personal Notes: An OPM Off
cial reports that when pen makers
sought stainless steel for pen
points. they were told 10 use gold
as a substitute o.. New York IS
considering the Introduction OF
Seatless buses for the transporta-
ton of workers TO and from fac
tories because they have three
times the normal carrying ca
pacity WashingtonianS are
chuckling over Leon Henderson's
graduating from 5 cent cigars E.
A company having both foundry
and a machine shop must get a
regular ALLEGATION order in order
10 sell It's own foundry. scrap from
the machine shop, OPM has ruled
e.. Success story: 4 year ago this
week. Henry T. Bodman, an as
sistant vice president Of the Ma
tional Bank of Detroit. was glVer
indefinite leave Of absence 10 take
an OPM post. Still in Washington
he was last week promoted "a
vice president.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

American Telephone sagged Z
fraction. SteelS were sluggish bu'
most of them held around previous
closing levels. United States Stce
was an easy exception. Motor
shares suffered fractional losses
.CopperS were mixed.
Texas Corporation was under
some pressure in oils, while rails
were inclined to sag. Boelng was
lower in aviations. Farm nipple
ments eaSed. Sears-Roebuck was
firm.
Commodity prices were de.
pressed.
Grains were fractionally lower
and cotton lost - cents a bale
The bond market was very dull
and fractional declines slightly
outnumbered advances. Losses on
the curb market generally were
small but some stocks gave up a
point or more.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
State Revenues Seen
Hard Hit by Auto Curb

total in California to as per cent
in Florida.
Local governments also will be
affected by curtailment of driving,
as in most states the highway
user tax funds are shared with
cities and counties. Since such
revenues are used almost exclu-
Silevly for highway construction
and maintenance. these functions
arc expected to suffer most.
In Michigan. 14.7 per cent OF
all state revenues come from this
source. The 1899 yield was S29,-
174000 of a total of Sl9S, 2S7 900.
There is a silver lining in the
cloud in the fact that with fewer
automobiles I'm use, the wear and
tear on road systems Will be far
less than in normal times, making
fewer expenditures necessary for
their maintenance.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Nub of Entire Matter

The nub of the whole matter is
this: VIII those responsible for
the administration OF industry
railroading, finance, utilities, dis.
tribution, our whole economy. sue.
coed in earning the confidence and
esteem Of the public during the
war? Or will the politicians Guide
them by demonstrating they pos
seSS superior ability and should be
permanently invested with to-
talltarian power?
| have faith that the majority
Of Americans, If men of affairs ex-
erclse farSighted. humane business
craftsmanship, will vote 10 main
tain the economic system which
won world leadership for this
country.
Copyright. 1912, by p c. Forb.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
De+roiters Honored

Three well-known Detroiters
will be on the program of the Mid
West Shippers Advisory Board in
Chicago next Friday.
AS chairman OF The automobile
and trucks committee. X a.
Moore, general traffic manager OF
the a NJ A, will present the re-
port for that group.
w. J. Hogan. general superin-
tendent of the Grand Trunk West
ern Railroad and d. J. Swope
superintendent Of transportation
for Pere Marquette will speak for
their companies.
The part that shippers and rail
roads are playing in the defense
effort viii be the principal theme.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Britain's Debt Load

With a 100 billion dollar debt q
certainty, many people are going
around moaning about economic
collapse, Reputation and such.
II is interesting 10 note that
right now, Great Britain's debt
load is far heavier than ours. In
fact. proportionateN, il approx
mates a United States debt load
OF better than 100000, 100000
As Of September 81, the British
debt amounted 10 about S51 .496
10000, according 10 the AleXan-
der Hamilton Institute. This is
more than twice as large as the
British national income of about
"A billions.
Even when the state and NUM-
cipal debts in this country, which
aggregate some 20 billions. arc
thrown in. we're still better off
than Britain
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Oil Stocks
Down Slightly

WASHINGTON. Jan. Il. -
Stocks Of domestic and foreign
crude petroleum in week-ended
January 10. totaled 244 364 O00
barrels. according 10 the depart
ment Of interior Compared with
the preceding week. this repre-
sents a decrease of 5000 barrels
comprising an increase OF 175,O00
barrels in stocks Of domestic
crude. but a decrease Of 25l O00
barrels in stocks Of foreign crude
Heavy crude oil stocks IN Cali
fornla, not included in "refnable'
crude stocks. totalcd 10 l16 OO6
barrels, an increase Of 10 600 bar
relS over the amount on hand
January 2.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
On the
Business
Front
Nv WARD SCHULTZ
Detroit Times Financial Editor

Detroit has a new feather in it,
cap,
With other large cities com.
planning that defense bond sale,
in those areas were merely siphon-
inc funds out Of savings accounts
Detroits record In this respect Is
an outstanding one
In BON New YORK and Chicago
savings deposits have dropped as
much or more than total bond
sales. The situation j. So acute
that the New York Savings Bank
Association actually ISSUED a pub
lie statement on this delicate
subject.
IL pointed out that such action
circumventS the spirit OF the drive
Actually a large portion Of banks
funds are invested IN government
bonds and heavy q Withdrawals
force them 30 sell part Of their
holdings. The net gam 10 defense
financing Is nj.
In contrast sales of defense
bonds by banks in Detroit ran
from two to three times greater
than the decline in savings de-
posts. Some savings Withdrawals
were 10 be anticipated and were
entirely in order However. a stu
alton such as appeared in New
York and Chicago. indicates that
defense bond sales in those areas
are doing little 10 act as an intla-
ton brake because current in
come is not being invested
Detroit'S cnviahle record is over
IS. 100000 in bonds sold by banks
last month and q savings deposit
decline Of only 100000.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Div(o Truck Co.
Earnings Soar

Earnings OF Divco-TNvin Truck
Company in the fiscal year ended
Oct. 81. 1871, exceeded all previ-
Gus earnings for the third con-
secutive year John Nicol. prcsi-
dent. told stockholders in a letter
accompanying the annual report
After providing 1927 800 for fed
cral income and excess profits
taxes, compared with S79.500 for
1910. the company showed a net
profit of S477.795. equal TO So L.
per share, compared with. S347 Isl
equal 10 Sl54 in 1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Mueller Earns
$500 d Share

Mueller Brass Company reports
for the fiscal year ended Nov. 30
1871. net profit of Sl.76S,775
after S2,650,000 reserve for fed
eral income and excess profits
taxes and a $4,000 900 reserve for
contingents wartime and postwar
adjustments and expenses, equal
10 $3.50 a share on 265.5lS shares
of common stock.
This compares with 1861 100 or
S5.64 a share III the previous fiscal
year when the tax reserve was
only $4,000
Federal taxes last year were
computed in accordance with the
Revenue Act of 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Sales Drive Brings
Gain in Insurance

The Standard Accident Insur
.ance Company has just terminated
its 1911 campaign honoring the
.Company's president, Charles c
Bowen. and the campaign, which
ran during the l. months of 1871
resulted in the largest increase IN
business in the company's IS
years Of operation. 1t represented
SIT, 740 408 in net writings fCr
the 12-month period, an increase
of 81, 988,683 over the writings OF
1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
BUY a Bomber
New Ceiling Due
On Wool Prices

WASHINGTON, Jan. IA
new ceiling will be placed OF
South American wool prices be
low the current level of prices II
South American markets, the
Office of Price Administration
announced. Meanwhile, permits.
sion was granted the textile indus
try TO transfer wool at going
market prices prevailing in the
Latin-AmcriCan markets in order
to acquire supplies needed to bid
on army contracts for blankets,
overCoats and worstedS.
The schedule of maximum prices
amended Thursday would other
wise prohibit transfers at prices
over the levels prevailing October
l to Dec. 6, 1917
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

erS was active in local banking
circles for many years. Prior 10
Joining the staff of the American
Bankers Association last year, he
was director of personnel and ad-
vertising manager of the National
Bank of Detroit.
Arrangements for the meeting
are being handled by Arthur S.
Greiner, chairman of the Mems
Forum. Rodney SimonS. vice
president, and Kenneth Patton
secretary treasurer Ernest {
Harris, president OF the Union
Guardian Trust Company Will be
guest chairman.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Market Turns
Downward in
Late Dealings
Blue Chips Weakest
With Eastman on 3;
Bond LIST Quiet

NTW YORK. Jan, L INS).-
The stock market turned downward
today with weakness especially
evident in blue chips where some
losses reached 3 points
EaStman-kodak tumbled about
2 points. Chemical shares again
were under pressure. Du Pont
fell around . pointS'to a new low
and Dow Chemical likewise was
down. Union Carbide lost over a
point
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Bankers 10 Hear
William Powers

William Powers, director Of
Customer Relations of the Ameri-
can Bankers Association, Will
address the Mems Forum Of the
Detroit Chapter of the Ameri-
can Institute OF Banking WedneS-
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Reflect Price Rise

THIS latter expectation did not
develop, however. as unit volume
IN that period remained compara-
lively stable with that Of a year
earlier, although dollar sales re-
nected the MAKEUP IN prices in
duced by higher costs, and rose
approximately - per cent over
December 1910
According 10 various trade
sources. The outbreak Of war in
December was an additional fac
tor which tended 10 restrict prog
rc>> I'm phy seal volume through
lowering consumer demand Never
thclcs>. Tor the Year as whole,
satisfactory gains both n units
and dollars were reported, through-
out the trade.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Goebel Buys Bonds

Goebel Brewing Company re-
ports the purchase of SO. 900 worth
Of United States Defense Bonds
In addition. the Gocbel Brewing
Company personnel. by thor own
purchase and their Defense Bonds
and Stamps selling plan, have ac-
counted for an amount in excess
OF SlsO 900 10 date.
An excellent record,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Foreion EXCHANGE
v. S. Government Bonds

a Bomber
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
6. w. Morrison Heads
Roofing Association

G. W Morrison. general super
intcndcnt of tho T. y Gambler
Roofing Company was elected
president of tho Detroit Sheet
Metal and Roofing Contractors
Association at the annual meeting
Other officers who were elected
for the year 1912 arc b. G. Nc
Kinley, wee president: DR.. Clar-
ence /. Gambler, reelected treas
urer. and L. g. Busch. secretary.N
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
a Bonnie
Sicily Oils Share
Net Best Since 81

NEW YORK, Jan. 17.-After
providing for year-end adjust
ments and final tax calculations,
the indications are that Skelly
Oil Company's net profits for
1871 were in the neighborhood of
Sc a share on outstanding capital
stock. This would mark the best
year since 1887 and show a gain
OF about Is per cent. compared
with the 1928 a-share earned in
1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Aid Red Cross
Traffic Club TO Turn Over
Proceeds OF Dinner

The Motor City Traffic Club
of Detroit Will hold dinner at the
Crystal Ballroom. Masonic Temple
Tuesday. January 20, for the in
stallation of officers.
About 700 people are expected
and the net proceeds will be turned
over TO the American Red Cross
The speaker will be DR.. Allen a
Stockdale of the National Associa.
ton of Manufacturers, from New
York. and the POSTMASTER will bC
keneth A. Moore of the Automo
bile Manufacturers Association.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Get Free Coveraee

Employees Of the Penobscot
Building this week were presented
with group accident and sickness
insurance by the management
which assumed The entire cost.
The insurance VIII pay $50
weekly 10 employees earning less
than $3.50 a week: Sli weekly
10 those earning between $3.50
and $3.50 and SCI per week 10
those earning over SIS 30.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Mccall Lifts Ad Rates
Price Of MAGAZINE

NEW YORK. Jan. 17.-McCall
Corporation will increase adver-
Using rates in McCall's Magazine,
effective with the July ISSUE The
increase will not exceed 81 per
cent. The single copy price of
the magazine will be raised 10 Is
cents from 10 cents, effective
with the April issue and the SUBJ
scription price will be raised 10
81. 80 q year from 81.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
buy a Bomber
Addresses Sales Meneaers

Kinsey ~. Merritt, president II
the National Federation Of Sale,
Executives. and general sales man
ager Of Railway Express Agency
IN New York, will address the De
trolt Sales Managers Club A.
Huylers IN the Fisher Building A.
$50 p m Monday. u was an
noInced by Arthur r. Pyle, club
secretary.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

day. January
II, at an eve
ming meeting
which Will be
held at L'Aig-
Ion Restaurant
I'm the Fisher
Building. Il h e
subject Of Pow
erS' talk before
the local bank
ing group Will
be "B uil d in &
Business I o +
Your Bank
A member of
the Greater De-
tro it Chapter
since 1915. Pow
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

CO m p a n Y OF
Detroit, and l.
located ar 1915
w @ s [ + or I
street. in the
buildi n & for
merly occupied
by The Electro
graph Company
w h o s e equip
m g n [ il has
purchased.
ON G q / & oil
the new firm,
in addition 10
Prince. are O.
r.. NIittelStaedi.
vice president f,
+ q W A rd &.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Nelson S Appointment
Wins High Praise
Reports + lis Selling Personality
Overcame nsuperabIe Obstacles
by MERRYLE STANLEY RUKEYSER
International News Service Economic CONNIE nj ator

toward establishing victory technique Washing
recently made single
of production and procurement.
Preliminary announcements indicate that the
head Of the civilian advisory effort Donald NJ Nelson
director Of SPAB and protes director the OPM Will have
authority comparable that exercised
World War / o.
Unl The Chief 10 delegate
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

Denaple. vice president; Charles
B. Vial, vice president and genera
manager; William d. Hart. sec
rotary, and Earle X. Jack, treas
urer.
Sales. creative and production
personnel of The Electrograph
Company have been retained by
Prince & Co, Inc.
New York Offices Of the new
firm are located al SOL Fifth ave
nue., in charge Of Denaple.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
BUY q BOmber-
PeninsuIar Wheel
Dividend 10 Cents

Peninsular Grinding wheel
Company declared a dividend Of
10 cents. payable February Is,
10 record of January IS. The
previous payment was 20 cents,
November II. last year
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Buy a Bonnie
i. 5. Will Continue
Production Reports

WASHINGTON. Jan. II (UP).
Archibald MacLeish, director of
the office Of facts and figures, said
today that the government would
TO make public the fullest
possible account of war produc-
ton activity without disclosing in
formation Il value to the enemy.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
New Ad Agency
Formed Here

Formation OF new advertising
and sales promotion agency.
Prince az Co. Inc. specializing
in direct mail and sales promo
tional activity is announced by
Fred A. Prince. president.
The new firm succeeds former
The ElectroGraph
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
Industry's Future
Rests on War Record
'Far-Siehted' Concerns AIread y
Telling Public Of Services
BY Il. G. FORBES

The fate of enterprise this country after the will
depend nduSS record during the than upon the
aspirations and actions.
What is the outlook?
judgment.
number corporations and Institutions already
problem facing They
consideration formulating OF pub
NMpapers and periodicals latey carried ed
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

a RnnheI
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
BUY a Bomber
PNN DOfi'bti
New York Coffee
SANTOS CONTRACT

CLOSINGS
September. u S., nominal
December. II 81. nomina
RIO CONTRACT
No sales.
Crossings
March c IS. nominal.
MAY. SIS. nominal.
July. SIS. nominal
September. s S.. nominal
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18
New York Cotton

BUY n Bomber
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

n Bomber
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

BUY n Bomber
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-18

BUY a Bomber
Evening star., 1942-08-23

Week Ending Saturday, Aug 22, 1912
Evening star., 1942-08-23

Unit OF trading, 10 AhAres. IN bank
ruptcy or receivership or being reorsanised
under. Bankruptcy Act, or securities as
sumed by such companies. Rates Of divi.
dends in the foregoing table are annual
disbursements based on the last quarterly
or semi annual declaration. Unless other
wise noted. special or extra dividends are
rights. Also extra or extras. Cash or
stock. Declared or paid 80 far this year.
able in Canadian funds Accumuiats6
dividends paid or declared this year.