davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01

Despite increased travel, the
nations traffic toll has dropped
a per cent in the first quarter of
1912. according to the National
Safety Council. Fatalities over
the United States totaled 1880,
compared with $3.50 for the
same period a year ago.
March deaths in traffic acct
dents dropped II per cent and
confirmed the trend downward
which began in February. Twen-
ty-seven of as states reporting
listed reductions for the first
quarter.
The expected drop in driving
because of rationing cars and
tires has not been realized, the
council reported. This was laid
to war boom transportation and
last fling driving.
at Is obvious, however" the
council stated, that motorists
are driving more cautiously to
conserve their cars and are fore
going ong-distance, high-speed
trips that have accounted for
many traffic deaths I'm the past"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01

automobiles, was an
nounced by Arthur ]. Rohde, Inc.
agent of the Continental Casualty
Company, Chicago.
Restriction of driving to es-
scntial mileage has brought
decided change in exposure in
cident about To the use and
ownership of large PERCENTAGE
of private pleasure automobiles"
according 10 Fred ESper, vice
president of the Rohde agency.
"Car owners generally have be-
come conscious of the value Of
their automobiles and the care
with which they should he used
and preserved. As a result, for
the first time in approximately
four years, accident frequency
has shown n decline.
1T has always been the policy
Of the Continental TO adjust
itself to existing conditions. In
line with that policy, the COM
pany feels that car owners
should be given the benefit of
such rate adjustment as may he
justified by changed conditions.
II has, therefore. decided TO
allow Class Al rating 10 he
based upon prospective mileage
rather than on the mileage
incurred in the past under diff
ferent conditions.
Heretofore, one Of the prin-
cipal requirements for Class Al
rating was a statement from the
insured that ne had not driven
over $500 miles the previous.
year. Effective a. Of May
1, 1912, the company will accept
In lieu of the statement preyi-
ously required. a statement that
the insured estimates that he
will not drive over $500 miles
during the ensuing policy year."
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Cattle Market
Closes Higher;
Hogs Decline
Fat Shorn Lambs
Gain so to IS Cents
in Weeks Trading

Swine prices declined daily at
the Detroit Stock Yards this week
until final quotations were UNI
evenly 25c to SOC lower than the
recent high mark. The market on
steers held up well until late, when
the undertone turned decidedly
bearish and several loads of Cana
dian cattle were without reliable
bids. Fat shorn lambs gained SOD
to 75c during the week and vealerS
gathered some strength.
CATTLE--week's receipts. 4.725. About
200 less cattle were unloaded locally that
last week. the run including fewer Canal
dian cattle, and trade interests report thai
the second quarter allotment OF cattle from
across the border IL rapidly being nlleS
and next weeks receipts are expected 4
show even further reduction. Yeariin(
steers sold mostly steady. mature catti}
figured unevenly steady 10 Csc lower until
Thursday, when some bids on Canadiai
steers were at sharply reduced figures. Ac|
tive inquiry for cows daily left this clasl
fully 25c higher than last weeks close
Some cows showed a trace of grass fol
the hrst time this year. Bulls advanced
sharply. closing soc 10 Use higher than latI
laAt week
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Parker-Rust
Profits Lower

Parker Rust-Proof Company has
declared the regular quarterly
dividend of 25 cents on the com
mon, payable June / to holders OF
record May II. March quarter
net profit totaled $169,971 after
S16S,000 provision for estimated
federal taxes or 80 cents a share
on the common. against a net
profit Of S274,S55 or Ga cents on
the common in the 1941 period
after S275. 900 tax reserve. Change
over from peacctime 10 war oper-
atoms by customers has tempo
rarily Slown down sales of rust
proofing chemicals, but with other
uses of Parker processes, includ-
ing those for war purposes, the
company in a reasonably brief
period should be able TO fully Off
set loss of its regular automotive,
household utility and building in
dustry business.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01

AS for exports there loose and fancy thinking
this subject times before the depression
prophets pessstc about the future of the United
they thought that export prospects had been
dimmed
They forgot that the sefcontained
than other nations had been dependent during flush
for only cent OF the naonai income
whereas nations had received from 70 per cent to 10
In spite of postwar
changes and chaos reasonable assumption that
will Continue get per of future national in
from exports
prevalent fancy ideas about removing
This does practical especially II
the United less than cent of the worlds popu
continue to enjoy more than
In order TO stay above the
international average the United States needs to protect Amer
the postwar period the common sense
of the people likely redscover the wisdom which was Alex
ander Hamiltons.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Bendix Reduces
Price 76 Million

WASHINGTON, May ! (INS).
-E. r, Breech, president of the
Bendix Aviation Corporation, to-
day revealed that his company had
voluntarily reduced prices of its
products on outstanding govern
ment contracts by $76000,000
after officials had received sub
penas 10 appear before the House
naval affairs committee investigat-
ing war profits.
This reduction, Breech told the
committee, included SIG, COS. 600
which had been turned back 10 the
government in November and De-
cember, 1871. after he became
president of the airplane parts
manufacturing concern.
Breech admitted under question
ing by Chairman Vinson Cd of
Georgia, that the reductions were
figured after the naval committee
had given publicity to huge profits
being made by another airplane
part company. the Jack and
Heintz Company of Cleveland.
He stated that the reduced
prices were made possible by mass
production methods. In 1888. he
testified. the BendiX company did
a gross business of $30,000.000,
while in 1912 the value of orders
on the books exceeded $500, 000, 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Stocks
Quiet.
Mixed

NEW YORK. May l QNS).-
The stock market turned mixed
and quiet at the start today, fol-
lowing its far-sized recovery
through the two preceding SEES
sions. Changes were of modest
proportions.
Plus signs were shown by Beth
lehem, Standard Oil o. New Jer-
sey, American Telephone, Union
Carbide, Loew's, Public Service of
New Jersey, Consolidated Edison
and American Tobacco "B".
Fractional declines were in
Cured by United States Steel,
General Motors, American Smelt-
ing, international Harvester, New
York Central and Electric Auto
Lite.
CHICAGO. May l (INS).-
Wheat opened unchanged to &c
lower today. Corn and oats were
to &c up.
WHEAT -- May. S1.1S2l a 1.19;
July, $1.22G1.22Is; September,
S1.246124A.
CORN-May, S314 aS3ssc; July,
S6hc; September, $685. a SSSsc.
OATS-May, 55Ac; July, 55%c;
55&c.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
HOGS CLOSE LOWER

HoGS-Weeks receipts 7 500 ButeherI
scaling $50 pounds upward lost 400 sol
ms week. lighter weights declined rs 4
DOC and sows closed at fat soc dow1
Closing trade was At the low point OF th|
period, when good 10 choice $50. $50 pound
butchers bulked at Sl3 e0dl4. the prac|
teal late top 20 small killers $40 oil
sorted $50 220 pound averages. Butcher|
scaling 260400 lbs were scheduled 81
S13. 20 q 1888 on the close and some ed
,reme heayies averaging above 400 I'D
went At sl3eo. Most late sales OF pIg|
and lights weighing 100 lbs and less werI
from si2 50a 10 rs On tn. anal sessioI
sows hulked a. si3 1925 and most stss|
turned ~ Sl1.5n
SHEEP-Week's receipts 1850 For I'll
third consecutive week. shorn lambs soil
sharply higher. The upturn measured so 4
I3e, this coming In the wake OF 81
advance during the preceding two weeks
Good 20 choice thorn fed lambs scaling vi
10 103 lbs. carrying No. peits. sold a
Nz.3 q Ia IS from midweek on, rnedmr|
IN eood grades si1 . II - and Gull 20 conn
mon hghtveights 81 so n 10 so Only %
lots ~ medium IN good Ts-e2.lhs Old croI
wooded lambs were offered 20 bring si3 Z.
rs. sprinkling OF native sprinserI
brought S3di4. mostly llghtweights d
local killers Good 10 choice shorn faI
ewes bulked ~ S6d5 so. common dow
10 50 so ana cuils So
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Forbes
Herbert Hoover Says
Some One Ought TO
Head Investors Unit
BY b. c. FORBES

Several stockholders having
suggested that Herbert Hoover
would be fitted for heading a
nationwide organization Of in
vestors, and other property
owners, the writer commune
Gated with him. He replies:
Dear Mr.. Forbes:
81 have too much else on my
mind to undertake the matter
which you suggest. Somebody
ought to do Ii, but perhaps some
one who Is not SO persona non
grata as / am"
Note that our only living ex-
president declares that some
body ought 10 do it" This view
is very widely and emphatically
held by m a / stockholders,
women asswell as men, through
out the continent. But no
prominent, nationally KIN w n
personality has thus far come
forward to father the under
taking.
l understand that one or more
associations of investors already
in existence. spurred by the in
tense interest aroused by this
columns recommendations, are
actively planning to expand their
activities. But none of them is
headed by an outstanding ma
tional figure, none has proved
able to develop influence at all
comparable with that exercised
at Washington by labor and
agricultural unions.
There has been no dearth OF
volunteered promises by readers
TO support financially an ideally
sponsored investors organiza-
tons. Many emphasize that
prompt action is urgent in order
to establish units of such an or
ganization in every state and
county and city before the cam
paign for the election of all our
representatives and one-third of
our senators in November.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Some Expressions

Sentences from the many
communications being received
daily:
Charles w. Brinton:
ut is appalling to realize the
helpless attitude assumed by
average investors when IL comes
to voting. In my own district.
their attitude Is one of almost
resignation to the idea that they
cannot outyOte the organized
political parties and the labor
unions, with the result that they
assume a defeatist attitude"
John B. Wallis Jr., treasurer,
Luzerne County. Pa:
II wish you would get an in
yestors' union started. III the
members paid dues OF only SO a
year, a fund and votes could be
created that could stand up
against any other group and
take us out of the class with the
brand of Cain upon us"
w. Z. Rogers:
"Must the thought OF an In
vestors' union dissolve? Put
emphasis on small stockholders
they represent votes and
theirs is a worthy cause"
DR.. Frank b. Allison:
II have discussed the matter
Of an investors organization
with many OF my friends. and
we have all agreed that such an
organization would be of more
value i'm impressing our politi-
cally chosen public officials than
any other action we, as tax
payers, could take 10 further our
rights and interests. Seemingly,
the only fear these public Of
ficials have Is that they will not
be returned to office. An organi-
zation such as you describe could
express the group demand more
easily and more forcefully than
anything else we could do"
A. S. Wickham:
"Any one who had authority
10 speak for five or 10 million
investors would be bound to re-
ceive very respectful hearing"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Sacrifice Is a Duty, Not Privilege

On hand things in the message do not like
like his attempt to sell us sacrifice First sacri-
privilege" II is duty Any other verbage is
bunk Second all ready and anxious sacrifice We
selling We merely sincerity and dscrimi-
do like his passing the buck to Congress He comes
right out and that American should get
net income of more SOS 000 He definitely L prefer
not to have compulsory saving. He says:
II ask that the excellent objective parity farmers be
But when proposing taxes what does he say?
He
1T incumbent the Congress to define undue or eS-
cess profits -,
Why the hesitation? doesn't hesitate advocate the
step of taxing taxeXempt municipal bonds
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01

APPLES-NichlgAn bu crates u g M
J, s-.n min Northern spys and Dc
virginia bu. baskets Ganos' q. s 10. i
"a in. min, s2i51225. West virgini|
ou. baskets Winesaps. U. 8. No. !. "a
L pain. s2d225; Washington boxes De
ass; winesaps. fancy. $40; extra fancy
81 500 ? IS: bu. baskets combination ex,r|
fancy and fancy. 81 IS.
AsPARAGUs-Californ pyramid crate
as. fancy, best. 81 256256; poor. id
leordAg 70 condition. low ss 81; washing
ton pyramid crates. 70 punches. 3o-los
81 90N 3. 12-lb. crates unclsssihed, 81. 2a1
entlnes $3.50 80; Rounufuls, 50 IS
3 so; ordinary 10 fair. 81 SOFA
BEETs-Texas half crates. 3-doz.. 81 q
BRocCoLI-cAlifornis pony crates
0U caBBAGE-T.xss D'i Los So Angeles siyy er
round type. fair to GOOD, s2a2.5o. MOI
81 100 IS; hair crates round type. siio
half crates Savoy. $50. half crates re(
round type and Sugar Loaf. s212 rs; so
Ilb sacks round type, 81 Alabama crate
70-lbs.. round type. fair. IS a75o.
CARRoTs-Los Angeles crates e-do5
81 s,o c' h2Ioa. 'I f:...
So rs bu. basket topped. washed. 81.
CAULIFf. oWER-california pony erate|
12s and larger. si.75 a1.so.
tops Golden Heart 3s-xs. slsoG2. rnos,i}
si.75: Pascal too few sales TO quote.
CUCUMBERs - Florida bu. basket
fancy. N.5 so: choice. 81. 50d4; Indiana hot
LETTUCE@Los Angeles crates Icsberj
type; California. Salinas district, renerallj
good. 5-doz.. s3.e5ps: ~, s3.75, fsi1
So 5o sDels s;si so 10 s. sG a.
LEAF LETTUCE Michigan ho,house|
lob. baskets s5d eoc.
oNIoNs--5O-lb. sacks: Texas YELLOW
ana US. No. 1. 81. 400 so; 7oS us|
us. comm. s256a2.75; ord. 10 fsirl
50 asa $50: US. No. /. s3.2s; Bsbosasl
Us o- No Sin nm and Larger s2 .s, vr,I
set Burbanks. US. No. 4, washed. s3.c
d 3.65: i0-lb. sacks. 30 n 40c: Maine U.sI
No / various varities, l0o.lo. sacks, SD
a2eo. best mostly s25og2.eo; is.lbI
comm s2.15a225: US No. washed
50 asa $40: Nebraska US. No. I washed
Trumphs. 50-lb. sacks. So; 10o-lb. sacks
sacks US. No. Long Whites, 81 500 !. go |
Florida 5o-lh. sacks Us. No. ] washed
sebagos. si.65d175; Texas 5o.lb. sacks
Us. No. J washed Triumphs,. 81 80 2s5I
i TS. .sek. e.f,d K ssSa SfS
selected Katahdins. size. $3.50.
RADIsHEs-Bu bask No l. si7j
1.s5; Tennessee, s1.eoa2; Virginia bu |
bask.. ord 20 fair. sid150.
sHALLOTs - Louisiana bhls 20 dozI
ochs., ssd so: crts. SIS s2.25 Sc. x3251l
3 so
STRAWBERRIES - Louisiana 24-pIn
crts Glondikes. Klonmores S335d35O
truck receipts, S3.25; Alabama 24.qt. crts
growers grade" fair DUAL
ity fair condition. 81 a $50. mostly A2j
1850
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Livestock Markets
PITTSBI RGH

PITTEBURGH, May I tINS),-CATTLt
Receipts. IS: market active; steers
choice. $l3 30 1880; medium 10 good
s12a13; common. 50 25Q1l. helfers
medium N good. SIT nt2; common, 81 81
Qs.5o: COWS. medium 20 good. 81 50 n
s25; Gamers and cutters $3.50 7.25
bulls good 10 choice, S10T5112, common
10 medium, ssd95O
HoGs-Receipts. 300; market steady "a
SC lower i60-isn MS. si4iod14.25;
10000 lbs 4.25514.35; 200-220 lbs
Si4.25d 1875; 220-250 lbs. si4 25G14 .35t
$50 900 lbs. SlfN1i25; 2e0-35o lbs, Si3 rs
dl4 1o0-i50 lbs, $i3q 1873; roughs,
Sl2. rs n 1880
choice lambs. S12di2 10 medium 70 good
50. lisa 1925: common lambs, S667 ewes.
SEA Z: wethers. Si.5015.
CALVEs-Receipts rs: market steady:
good 70 choice, sli@ 1880 medium, $40 q
IL; culls and common. S6Ts.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01

THE QUALIFIED LIFE
UNDERWRITERS of Detroit held
their annual sales congress az the
Book-Cadillac Hotel yesterday anc
President John A. Witherspoon OF
the national association was guest
speaker at the noon luncheon.
President Witherspoon outlined
six major detectives set up by the
national group for the 1924;
year and told those present thai
II these detectives are reached
every member would stand e
benefit greatly.
They are as follows:
Ito bring every life under
writer under the old age and
survivorship coverage Of the
Social Security Act. A survey
shows SO per cent OF member
ship of national association
want TO be covered
2-To establish qualification
requirements for membership IN
the national association.
3-To eliminate the unproduc-
tive agent
40 raise the educational
standards for life underwriters
by means OF an institutional
training course.
5-To resist the imposing Of
q tax burden on policy-owners
where il would increase the cost
OF essential, economical living;
ie, Crying 10 get life insurance
which.is earmarked for taxes 20
be exempt from estate taxesD
$40 assist in the sale Of
defense bonds. Cat request Of
government the national assoc
Citation has already sold over
$500. 100000 Of goVernmen
bonds 10 the public by means Of
the salary allotment plan.) e
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Impounds Cars

Massachusetts has a modified
form of the Reynolds proposal.
1t has established 40-mile limit
in the state and violators are
reported to Motor Registrar
Frank Goodwin. Suspensions are
melted out by Goodwin on the
Basis of the seriousness of the
violations.
The suspension may be a week
or 10 days or more. During that
time the car is impounded and
cannot be driven. Reports from
the Bay State say that there are
fewer violations of the speed
laws than ever in its history.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01

Several truck lots OF good 10 choic
.0oo.l, 150-lb. fed steers earned &13. so
10 rs. few strictly good i.275-lb. weight
also made $3.50 and odd head of bah
beef type yeariings scored sl4. Mos
medium and good fed steers and yearling
turned At sii.25 a 1925. Canadian steer
selling largely within $1i.25d II. SO limits
Common slaughter steers went At sio2
I'LL. with only cutter grade dairy typ
offerings below $40. Medium 20 good bee
cows bulked at $3.50 a 1925. cutter q
common cows ranged from 5000. can
ners largely S6.75G7.75. with only a fev
very thin light canRers down TO 81
NeightY Sausage bulls climbed to 81 oil
the close as Sl0.75 was paid freely, mos
common and medium bulls late x9QiQ<
CALVES-Week's receipts 1850
ers finished strong 10 soc higher than
weeks close as the opening fun soc upt1f,
was partly shaded later. Strictly goo
and choice vealers brought SIC late, som
MIXED grade medium 20 good kinds $3.50
100 and common TO medium selectionS
SlOfgf4
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
M. S. Rukeyser
M. S. Rukeyser
Need of Advertising
In Wartime Stressed

With BACKED for the duration, it Is
nevertheless important to keep intact the concepts and the know
after victory the American dream OF
pepetualy raising the material well being of 35oooooo Amer
families.
increasing OF business
leaders of the need for maintaining reservoir
good will order industry normal civilian
after the
example thinking along these lines the foreign trade
of the Commerce and Industry Association OF New
York nc has prepared report sressg the vital need OF ex
their advertising during the period
though for the moment they unable to l export
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Hits Buck-Passinq TO War Labor Board

like the bucpassing To- the War Labor Board in
the matter "stabihng wages First this board is pres
which always decides in favor of labor Sec
handles only industries and thus wages IN oueF
industries remain unregulated
And I don't like the "S25000 after taxes First
has nothing to do with living Second
superior 100000 in order to have quar-
paid his he will not do his best
Finally don't like the suggestion find others making that
Mr. handful (50000) of large income rcel
curry favor with the people and that ne
to which we all
know arene o imitation.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
MiCromdtiC Net
Holds Steady

Micromatic Hone Corporation
for the quarter ended March 81
reports a net profit of S54,034
after provision Of S126,079 for fed
eral and excess profits taxes, etc,
equal to AZ cents a share on 1877
335 common shares.
This compares with adjusted net
profit Of $5l $50 in March quarter
of 1871 or 40 cents a share on
127235 shares and after pro-
vision Of SS0,707 for federal and
excess profits taxes, etc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Temporarily Broken Up by War Exieencies.

sensible proposal for savaging of the going
concern value of business enterprises whose productive fac
Communicated by the for
purposes Unless such systematic effort is made
corporations inherent loyal customer
contacts which temporarily broken by wartime
igencies.~
This Carson vice president
Electric Bond and Share Company was simply citing the
record when it said
history World War No l that those COM
the volume OF business In
neglected their normal markets by
cuang advertising and selling had desperate struggle when
"yhen postwar markets starts II will be
too begin them The cultivation will have
to continuous"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
BONN Net Dips;
Vote Dividend

Bohn Aluminium and Brass Cor
poration and its subsidiary COM
pany report for the quarter ended
March 81, subject to audit and
year-end adjustments, net profit
of SAL, 270, after taxes and all
charges, equal to SIPS a share on
.352 Ais shares of capital stock.
This compares with a net profit
of S473, 0S3. or $1.34 a share in the
March. 1941, quarter.
A dividend Of so cents, payable
July !, to holders of record June
Is, was declared. The previous
payment was so cents on April l.
A like amount was paid July /,
last year.
At the annual stockholders
meeting, two new directors were
named, Martin c. Callahan of De-
troit and Howard j. Stoddard of
Lansing. This increases the board
to IL members. At a subsequent
meeting all officers were re-
elected.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
importance Calls

Surely the Importance, the
constructiveness, the worth
Wilderness of organizing our 49,
100000 or more investors-and
other millions of small property
owners-should appeal TO some
man Of the right character, cali
Der. reputation, organizing
ability.
Copyright. 1912. by B. c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01
Lewis Heney
Admits Good Points
Nm Initiation Message

There good points in the Presidents nfa-
ton. the following especially
Only al-embracing program will suffice His
the purpose scope Of ratoning
cellent among things like that
pie should their increased incomes pay off their debts
that il be held down, there must
complete all phases of economic
al-embracing" wonder how many Americans real
means, would like it? Wouldn't of us
consider such worse than the disease?
this is why Mr. Roosevelt does actually
"allembracng program" He falls far short Of II in
and farm prices and proposing
purchasing power but perhaps he hopes that
body else will embracing of these problems.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-01

Public notice Is hereby given that
outstanding Home Owners Loan Cor
poration az per cent bonds, series G. 1881
1914. dated July 1, 1885, are hereby fod
redemption on July 1. 1912. and will eess@
10 bear Interest on that date. Full inforI
nation regarding the presentation and
surrender OF the bonds for redemption unde}
this call Is given In Treasury Department
circular No. 6o6 governing payment or rel
demption Of securities.
An offering OF interest hearing obrgation1
81 the United States may be made avail
able to holders Of the bonds now called foi
redemption, concerning which public AMI
nouncement VIII be made AZ later dstd
by the secretary OF the treasury
John r. Fahey
Federal Home Load
Bank Commissioned
Washington n. C,
April 80, 1912.
Approved:
Henry Morgenthau, ~.
Secretary Of the Treasury.