davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
S811,O47 Profit
By Ndsh-KeV.

Nash-kelvina tor Corpora ton re-
ports for the quarter ended June
50 net profit of SSH 47, after
all charges. including provision for
income tax and compares with
S672. $50 for the previous quarter
and with s. sos, $50 for the CORE
spending quarter of the previous
fiscal year. For the nine month
period net after taxes totaled ST.
36S. 500 as compared with S3,734,-
246 for the same period of the pre-
ceding year.
Conversion Of all plants 10 full
time war effort has been progress
ing rapidly and the corporation is
up TO schedule on all projects now
in production. An accelerated rate
of output from this date forward
is assured and maximum rate will
be reached early in 1913, at
which time production is expected
&c be more than three times the
greatest normal peacetime scale,
1t was stated.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31

levels. In an interesting analysis OF
British wartime economic trends,
the current financial letter of
Merrill Lynch. Pierce. Fenner and
Beane. sheds considerable light on
the subject.
II offers a three-part COMPARE
son as follows.
!. Income taxes i'm the past have
been more severe in England.
q The American personal in
come tax load proposed for 1912
will closely approximate the Eng
lish l9i0-4l schedule and this
practically equalizes the tax loads
Of the two countries inasmuch as
additional taxes in England have
been largely offset by post war
credit provisions. This postwar
credit idea absorbs almost all OF
the tax increases in the lower
bracket and a good part of il in
the middle.
3. The two lax structures are
not strictly comparable. IN any
event, because here we have much
larger local taxes which are paid
either directly by the individual or
indirectly in the form OF rent
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Auto
Graphs
AAA Chief Urges
Prompt Acceptance OF
Rubber industry Plan
Nv siLER FREEMAN

Prompt acceptance by the
War Production Board of the
rubber induStryS program TO
keep 20 million passenger cars
in operation for two years was
urged today by Thomas y.
Henry. Detroiter who heads The
American Automobile ASSocia-
tiOn Ilenry'S argument rs that
-the-p program Netita -f.sst4Fe aii
adequate transportation system
and az the same time show
motorists that The government
Is doing something practical TO
alleviate the tire situation.
In letter TO Donald M. Mel
son. WPB chief. Henry urged
favorable decision on the indus
try's offer 10 put the program in
operation as speedily as possible.
He pointed out that the synthe-
tic portion Of the plan does not
peril the government $ 800, 600
ton program which is earmarked
for military purposes and essen
tisl civilian needs
THE amount of reclaimed and
crude rubber involved does not
appear large considering the i'm
portance Of the objective" his
laitGr stated
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
BONE OVERRIDDFN

The committee, overriding Bone
: 10 l. voted TO give up an in
veStigation Of synthetic quinine
and optical glass after confer
Ience with Arnold, Alien Property
Custodian Leo Crowley and Under
secretary Of War Robert i. Pat
terSon.
Patterson took a strong stand
against the optical glass investi-
cation which involved the Bausch-
Lomb firm. on the ground that tho
brm was cooperating IN the war
effort. In both the optical glass
and synthetic quinine cases the
committee experts had made ex-
haustve studies covering thou
sands of records.
Bone disclosed that he expects
TO make a study OF the methods
used BY the allen property custo-
dian. who takes over control OF
PATENTS owned by enemy nationals.
lie pointed out that after the last
war many OF the patents seized
by tins government found their
Vay back into the German cartel
groups
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Dismissed!
Scrap Price Violation Charge
Is Dropped

PITTSBURGH, July 81 up .-
Federal Judge r. p. Schoonmaker
today dismissed government suit
charging Jones e. Laughlin Steei
Corp. with violation Of price cell.
ing on steel scrap, for lack oil
proof
AT the same time, Judge Schoon.
maker refused petition OF AL.
legheny Ludhm Steel Corporation
TO dismiss a similar complaint
against IL on technical grounds
and directed the company to file
an answer 10 the complaint within
20 days
Jones a. Laughlin had stood
trial on the charges. which alleged
II had paid grade one prices for
two carloads of inferior scrap. The
company claimed il had informed
the Office OF Price Administration
of the quality of the scrap and
withheld payment for it,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Beth. Steel Net
Still Above Al

NEW YORK, July 81 QNS) -
Bethlehem Steel Corporation di.
rectors today voted Sl.50 divi'
dend on the common stock, the
same as paid in previous quarters
and reported net earnings for the
second quarter only slightly under
those for the preceding quarter.
Net earnings were $6,070. 913
equal to S1.49 q common share,
just a cent less than the dividend.
In the March quarter net income
was So, 140 ,6SS, or Sl.51 a common
share. and in the June quarter OF
last year 1851 ,i57, or S1.34 a
share
Provision for taxes included
$40. 2l0,000 on basis of laws in ef-
feet at the end of the second quar-
ter and an additional s., 600. 900 in
anticipation of higher. levies for
1912.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Largest!
Erect Huge Machine
Hone Engine Cylinders

CLEVELAND, July 31.-FoI
honing inside surfaces of engine
cylinders To obtain greater preci.
sion in construction both gasoline
and Diesel engines. Cooper-Besse.
mer Corporation has erected g
new machine in its mt. Vernon
o., plant, which is capable OF
honing cylinders 26 inches in dia
meter and 6 feet long.
This, we believe, is the larg-
eat vertical cyIinder-hOnipg ma
chine ever constructed, r. l..
Boyer. chief engineer, aid.
Previously NO boning has ever
been done on cylinders with a
bore larger than Is inches"
OF three methods of finishing
engine and compressor cylinders
namely boring, grinding and hon
ing, honing has been found TO be
the most satisfactory method
because of truer surface and
of extremely close
tolerances OF bore made possible
by this method. Boyer pointed out.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Foreign Exchange

THE STREET is apprehensively
awaiting General Motors Corpora
ton dividend action scheduled for
next Monday in view Of the fact
that per share earnings in the first
six months were one cent less than
the amount paid 30 stockholders
during that period
To date this year General Mo
tor, has paid 81 and earned SO
cents
IN the two previous years. the
corporations dividend policy has
consisted Of an initial 75-cent divi-
dend and three 81 payments for q
total of SIS annually
Although sales IN the first six
months were well below year
ago II was pointed Out that pro-
duciNe capacity going into opera
iion MAS sufficient 10 bring last
half production equal If not sur
passing the all-time record levels
chalkcd up M the final half OF
1871
While this would give GM a
broader earnings base there Is
nothing upon WHICH an earnings
estimate can be- based
General Motors has warned re.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Detroit Produce

hPfLEk-Bnshel baskets, ". y No 7,
Delaware Wesithys. S1.s5; West Virginia
North West Greenings. u. s. fancy, s26I
225: Michigan yellow Trsnsparents bu. crts
u Inch minimum, S1n1.25: 2-inch min.
Use; Duchess, bushel baskets 2-inch up, 81.
agCANTALOUPS-Cal West Side dis.
trict- Jumbo 27s, Sc. Jumbo 36s, 1878,
Jumbo ass. 81: Arizona Phoenix district.
Jumbo BIS fair. f5.Soa5.75, jumbo ass fair.
HoNEYDEws- California. Jumbo ss. 9.
and standards IS, 81 rs, few standard Sc,
81 90.
LETTUcE-Los Angeles crates. Iceberg
type. California Salinas district. 5-doz.
S5.25 q $50, 4-doz., $50 SIS.
ONIONS -- 5O-lb. sacks T. g. No 1.
Texas yellow Bermudas, 50pg0c: jumbo
size, VI 10; Round whites, MEDIUMS
81 a2.75; Babcsas. 2-lnch TO 3-inch
size. 81. fair condition. 75c. 2-inch and
larger. 81 n Is; Michigan Yelle~r. seca
81: Washington Sweet Spanish type. me-
diums, 81, 4-6-inch SER, Sl.75fbl. s.; Calf
fornia Yellows. 20 3-inch size. 75cMx 81
3-inch and larger, Sl35 i.eo, 81 -inoh and
PEACHES Bushel baskets, q. s. No. I.
Georgia and South Carolina Elbertas, Ia :
inch min. $500 !. Is, IL inch min. 80
az. fair color, 81. IS; 2-nch min. S2a2.iO
hne quality S2.50u2.75, fair color, SIS
Hales Georgia and South Carolina Pinch
min, 1925 ~. Is. IN inch min. s3n3.15,
kets, Hale Ravens. Pinch up. Si.50a1. S..
Roohestep. Finch up. $50: California
boxes Hales. 35s-sos. 81. 75afie0.
PEAS-Colorado bu. baskets. 81. 1912 Is.
PLUMs-Esiifornis. s-basket crates, Du-
artes and Burbanks. AKA and AIS. S3.l51
365
POTATOES sacks. q. q. No I.
California washed Lonr WHITES. -. 5eG5
washington Long Whites $50; Idaho
washed Triumphs. S2.75a2. fair $50;
Nebraska washed Red wsrbas as. Cob
hlers unwashed. Maryland. Virginia and
New Jersey, n2562SS mostly s7.25,
Long Island Cobbers. 50 0d2.35; Michi-
gan Cobblers, $2lOG225
SWEET POTATOES ~ Alabama bushel
baskets. ". g. No 1. Triumphs, - s0t g.
TOMATOES Michigan I2-quart Climax
baskets No 1, 81 .sOn1. So hothouse BIB.
baskets OHIO, mediums. ISc: Indiana and
michigan mediums, generally ripe. Is n T5c (:
Tennessee hugs 6r6 and larger. green and
turning. S1.fOa15O
INTERNATIONALLY melon: Georgia
Texas. Nississfpp sDd louisiana Cannon b
balls. n lbs-, pntec. zt-ths.. as soc
- lhs., ass To-; CUBAN QUEENS. 1870 lhs 1.
2sS 2sc % ms. s0sf $50. - lh~ TOO TSc I.
Tom Wstsons, 3sh y lbs, 80 n 9Oc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Coal Output
Gains Slightly

NEW YORK. July 81 Bitumi-
nous production for the week
ended July p is estimated by the
National Coal Association at about
Hops 900 net tons. or 9l9 per
cent Of present mine capacity.
Figure indicates an increase of IL
per cent over the corresponding
week of l941 when production was
10.901 900 tons. Report of the hi
luminous coal division Of the de-
partment of the interior shows
production of 10,760,000 tons for
the week ended July IL and H.
075,00o tons for the week ended
July 18
Production January ! through
July % is estimated by The associ-
alton at about 322, 75S,000 tons. a
21.9 per cent increase over .264. =
785, 900 tons mined in the CORE
spending period of last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31

FRUITS Apples Duchess. No. :. STA
! rs bu. No. 2. De: yellow TrsnsEsr.nts
Blsokberries fancy. - 24-qt. crate No
S4a4 50. Csntsloupe. No. 2. s. bu. Cher
ries, sweet No. I, S31 2.50 rect. crate
sour, No. J. s2s7sas2s 1t-at crate
HuckleDerries, No. I, - 2f-ot. crate; No.
2. s.. Early Peaches, No J. 50 3D.: No
2 2I25o bu. Plurns, No ], s2a2.5e
5u. Raspoerries' red. No ]. E.S0us
LETTUCE AND SALAD GREENS Head
Lettuce, fancy, 81 hu.; No. I, ~ 25H !. Is.
No. ?. Use aSi. Leaf Lettuce, No. I, eco
Escaroe. No. /, so-a soc bu; No 2. soc.
Endive, No !. 75c epSI - bu No. q soc.
VEGETABLE GREENs-coiiaris, No. I,
40 q 65e ba. sorrel. No /. seaesc eu-
Turnips. No. I. 90 1s75e bu. Mustard. Ma.
/. 60p7 Sc bu. Cabbage Greens. No. !.
5oq 75c bu. KsIe. No. l. soa5oc bu.
W vsc fassq rs aeg SOC pa
I. soc "a 81 rs dor bIpches: No 2 50 n
Csc. Roman Beans. No 1. S2aa.se bu.
Wax Beans, fancy. So. - bu.; No. !, 81. rs
No. /, sIgi.5o bu.;. No. 2, 7sc. Round
Green Beans. fancy. S2.50 bu-: No 1.
.50d2. No 2, si25 Borsebesns. No.
J. 81 $3.50 bu. Kentucky Wonder Beans.
don. lunches. topped. No. !. 73c@n.15
hi Broccoli, No. /. S2.a :. Is bu. Cabbage.
MOI L. b0g 75e b.: ped. No. /, s5cst 81
hu.k curly. No. /. 7St0 poc bu Carrots.
topped No. /, 25a1.5o bu.; No. Z. 81:
No. /, 30 soc doz bmches Caulinower,
No. I. S175n2 bu. No. 2, s1di25.
Celery. fancy, soc doe. punches; No. 4.
3Sq45c. No. 2, l5n2ec- Celery Cabbage.
No. !, Si.T5 bu.. No., z. t1.7s. Sweet
Corn, fancy, 81 rs: No. !. s5c6Si S-doE.
sack: No. 2. e09t75c. Cucumbers, fancy,
50 bu; No. 1. $40 2.5os No. 2, ala so.
Ddl 40 y SOC doz. 0unckss. Eggplant, No.
/. T5cnxl peck basket. Kohlrabi, No. 1,
SO n 75c doz punches. Leeks, No. ]. stu
rs doz. punches. oonfons, dry, No. 4,
e0eusi 5O-lb. sack; No. 2. ron soc: Green.
No. 7. $50 soc dor. punches. Curly Parsley.
No. !, 40ef SOC dor. bundres. Okra, No. 4,
40 a soc doz. punches. Peas, No. !, 81. 30 o.
275 bu
Peppers. Hot. No. J.. 75casI25 bu.;
Sweet, No J. Sia150 ne. Potatoes, No.
I, Si.45d l6O bu.: No. 2. 75@ s5e. Rad
ishes red fancy, T5c doz. punches; No. J..
- ~ Csc. No. ?. Zoe: Long White. No. 4.
80 n CSC doz punches. Rusbasss, Ne. 4.
la bu Summer Squash. No. 1, bonss
~ bu squash, Table Queen. No. ]. xi.2s
n ls50 y bu.; Italian squash, No. 4.
Sin las peck basket, No. 2. 75r Tomatoes.
No. 7. 81. J0a2 AID. basket. No. 2. x1.f5;
outdoor. No l. N.25M1.5D 1s-In. basket !.
No ?. SSc' Turuips. No. .. seu TSc doz.
huhohes topped. fancy si425 ou.; No. !.
7scnSi
EGGs-tArge sl2 50 ala so-do1. ease
medium xtiaIi so
POULTRY Lave hens heavy breeds.
go 26c 10. leghorns 23n25c. broiiers,
heavy, 29H sic; leghorn. 24@ 2sc ~.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
BUSINESS
M. S. Rukeyser'
M. S. Rukeyser'
Heavy Taxes Hit
Debt Reduction

Does the left hand OF government know what the right hand
is doing?
Consider for example the long term campaign which the
Securities and Exchange has been conducting in favor
Of redesgnng financial structures order To make
them flexible N Frank when
commission phlosophic propagandzng
Of stock financing He called the
great financial institutions with fixed dollar iabtesthe life
change their investment habits and begin
TO partake of the blessings of common stock ownership
indirect undue OF debt
President Roosevelt himself railroads had erred
much debt Where bond financing be
continued Chief advocated policy planned debt
complete
amortization home mortgages introduced by the FILA and
other federal financial agencies.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Carrier Corp. Revises
Debenture Proposal

SYRACUSE, n. Y. July 81
Carrier Corporation has announced
revision Of its proposal 10 deben-
ture holders for obtaining consents
10 changes in sinking fund provi-
sions of the indenture. Under the
revised plan. the consideration will
be five shares of Carrier Corpora
ton common for each 81 900 prin-
cipal amount of debentures. plus
the $40 per 81, 900 originally pro-
posed. Over 80 per cent of out
standing debentures have already
been deposited. Two-thirdS are re-
quired before changes can be eff
fective.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Says Credit May Be Seriously Impaired

Likewise the proposed corporate
leaving available dividends
will reduce available
reducing outstanding Indebtedness In fact been
sensby that unless the Congress decides hold sacred
portion of earnings from the collector and make II
available for debt reduction according formula suggested
John W. Hans former undersecesry OF the corporate
credit be seriously impaired
the tending TO
Offset the pSopagandng by other federal including the
SEC for stock and less bond financing
Thus while there has been much talk about overall economic
thefe lack
of synchronzston Obviously the rapidly expanding
colossal become force the
changing OF of the United States and until
the the for financial
deferred
Even now however hoped that when the Senate rese
the bill will keep mind the
families Of keeping which
depend production and exchange of goods
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
inspection Big Obstacle

Meanwhile. WPB officials saw
big obstacle to the industry's
plan for keeping cars on the
road in the weekly and monthly
checkup of tires. The plan pro-
vides a curSory check on pres
sures once a week and a rigid
examination once month which
would require taking off the
castings from the wheels and
examination inside and out. The
amount of rubber on each would
be closely checked.
Not only would this entail a
tremendous job but the cost
would be high. With about u
million cars on the road, il
would mean the inspection of
over 100 million tires monthly.
That this presents quite a
stumbling block can be readily
seen.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
DADA Recruits Company

Having been successful in re-
cruiiing several hundred main
tenance men for the army in
April and May. the Detroit
Auto Dealers Association has
been called upon TO repeat the
job by the war department.
The DADA today started a
drive 10 get together a company
Of mechanics 10 be known as the
l2lst Ordnance Company. MN.
which will train at Camp Perry.
o., before being sent overseas
10 keep mechanical equipment
in running order. The COM
mander of the company will be
Capt. Howard Otis, formerly
Pennington dealer.
EnliSunentS are open to men
from lS 10 45 and * per cent
OF the personnel VIII receive
technical ratings. Applications
viii he taken at DADA head
quarters in Room 2l0, Conven-
ton Hall. 80
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31

A. oe9Ver IN ms recent statement on me uanse Oh IN s
be used reducing outstanding Indebtedness
So far. so good
But the side. has
the policies methods
which the SEC and the President has advocated
On the contrary the increasingly tax
Incidental
Federal policy tending
relatively than
stakeholder factors being equal
In the pending tax bill the House version calls for 45
profit
Accordingly will have lien for larger ratio
OF earnings than the owners (stockholdersl.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
MARKETS
DETR0i7sSs INES
Lewis Haney
Lewis HeneY
Finds L. =. Turning
To Sound Finance

OF the significant reports s
effect that the orthodox
and sound methods of finance appears that attention
being the issuance OF bonds that will really appeal
individual investors mean by appeal not buy
patriotic duty inducement sound investment.
There has been much talk little action
making suitable
Prices cant be fixed by order They
regulated by of comprehensive Of nterreaed
bearing supply
sale of bonds individual
bined with sound OF finance, including
Accordingly be hoped that the OF
OF bond also fairer and
eminent finances general.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Seaboard Line Plans
To Buy Certificates

NORFOLK. Va. July 3I.-A
plan has been put before Judge L.
B. Way to purchase out Of esti-
mated cash the balance of S24.-
900, 900 at the end OF this year all
outstanding receivers certificates
of Seaboard Air Line. approx
mstely SIT 100000, and also set up
a reserve fund. Gross revenues for
the road were estimated by Co
receivers az 500, 100000 for this
year and gross income S32 900. 900.
Judge Way will hold further
hearing in September.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Earnings

Inland steel Csusvaay reports yus~ guar
ter consolidated net profit Of 81. 367 81
AFTER 81, 75p. 900 provision for federal IN
come and excess profits taxes or 81 as q
share, against - .1o2 5T2 net profit after
SO, 2S3. s2l tax provision or 81 81 q share In
June quarter last year and 81, 52s. Op0 net
profit after So, 7f3. 600 tax provision on
81 SIS q share IN the March quarter ~ 1912.
Allis- Chalmers Manufacturing Company
reports June quarter net profit Of yss6 sse
after tentative provision OF Sc 500 900 for
federal income and eSccss profits taxes or
81 cents share. In June quarter last
year net profit after 81 40 600 provision
for federal taxes wac 81, 1913. 107 or 1.01 a
share.
Superior steel Cooperation for tho easrtes
ended June 80 reports net proft of
sl22 OF after federal income and excess
profits taxes, etc, equal 10 81 as a SHARE
on 1879 shares. against S243.6se or
81. lib . share IN the June quarter ~ 1871
and 1921 7s6 or 81 OF a share for the
March quarter Of 1912.
Union Pacific system for the SIN months
ended June 30 reports net income Of
Si4 .337 7OT after federal taxes equal after
dividend requirements s95. f31 shares N
per cent preferred. Go IS So a share on
222 s1O shares ~ common. against So
7s2 4s5 or 20 common share In the
first half Of 1871.
Barnsdan OF Company for the ala
months ended June 80 reports a net profit
OF 81 .2Os. 1854 after provision OF k17s 1872
for federal income taxes. equal tn 81 cents
share On 2.22e PTS shares This COM
pares with 81 $40, 105 or 80 cents share
on 2. pas s17 shares in the first half nf
1871, when t17.5 was set UP for federal
taxes.
National SIMPLY Company ssd lie subsid-
isries for the SIS months ended June 40
report net profit OF 81 .ff3. 900 after pro-
vision Of IS. $50, 900 for federal, state and
foretgn income taxes and federal excess
profits taxes, etc, equal 10 S4ps q SHARE
On the combined preferred stocks This
compares with net profit for the sjs months
ended June 80 1871. after providing 81
Isl 7H for taxes. Of S221s.747. equal 10
S7.6i share on the combined stocks.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Would Help Program

addition keeping the
nations transportation system
functioning. Henry saw the pro-
gram furnishing strong incen-
tive for a nationwide acceptance
of the 40-mile speed limit. the
40 per cent reduction in driving
mileage and for greater tire
care.
The program calls for supply
ing approximately 4S,000,000
new and recapped tires over
period of two years by using
substantial tonnage of re-
claimed rubber, A small amount
of crude and a certain amount
Of new synthetics. namely,
thiokol and butyl.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Freight Loddings
Decrease Slightly

WASHINGTON. July 81 Load
ings Of revenue freight during the
week ended July 25 iotaled S55 So
cars. decrease Of l545 from the
previous week, q decrease Of a.
90 from the like week a year ago
and an increase Of 1854 over
the like 1870 week. according 10
reports 10 tho Association OF
American Railroads.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
On the Business Front
Detroit Times Financial Editor
With WARD SCHULZ

peatedly that earnings in any sin
gle quarter in no way indicate a
trend and that they may even be
subject 10 drastic revision at a
later date.
The General Motors action Mon
day, however. may Indicate a
trend as TO dividend policy for big
corporations and the Street is
anxiously awaiting the news.
IN A FAR-REACHING decision
the New York Court of Appeals
has ruled that il is now legal for
small loan companies 10 take out
insurance on automobiles which
they hypothecste for collateral.
The 4 to 3 decision reversed an
opinion of the Appellate Division
which had ruled illegal a premium
charge made by a loan company.
II Is estimated that some $780,
O0O, 900 in auto loans in New York
State alone are affected by the
ruling.
FOR MONTHS. politicians and
p G on Omic commentators have
pointed out that English income
taxes are far above American
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Ethyl Alcohol Price
Ceiling Removed

WASHINGTON. July al Cell
lngs will be removed August 4
from prices OF ethyl alcohol when
used IN the manufacture Of syn
thetIc rubber, the Office of Price
ADMINISTRATION announced today.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Practical Recognition Of Private Property

This practical recognition of private and the
that individual saving recognized
Perhaps this the New Deal struggle against the thrifty
who have" will 10 end
Certainly will the vicious fiction that
public debt nothing because il TO ourselves
Second the negotabily feature really free market
This follow eligible and sell
bonds This the only
he on true inVe
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
Allied Prod. Votes
Special Dividend

CHICAGO. July 81 Allied
Products Corporation has declared
the regular quarterly dividend of
% cents and special dividend Of
IS cents on the common, both pay
able October l 10 holders of record
SpDtemher 10
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-31
SAGINAW Markets

SAGINAW. July 81 UP).--Todsy's pay
Ing prices 70 growers for beans
Pea beans. 50 80. light red kidneys. -
dark red kidneys 50 ere yellow eyes. 80.
Gre light cranherries. So crc DARK Gran
berries 81 10.
Wheaf. 81 07G 0q: oats ~ n sc. rye
40 "a Sc. sly -rowed barley. $40 to
buckwhsat - % a2 rs corn. $50 eoc, 80,
beans 81 f3nffh
Price, furnished by Michigan Bean Co.