davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Stocks, Bonds
in .
Quiet Opening
Rails Again Active
but Prices Firm;
Packard Edges Higher

NEW YORK, July I tUP).-
Stocks and bonds opened irregular
lin quiet dealings today. Cotton
futures firmed 5 to 9 points.
Rail stocks continued active, but
lprices held narrowly around yes
lterday's finals. New York Central
Opened at tx, off ", and then
turned active at 8.
Liggett & Myers B sold of ]
point to 631s. but American To-
bacco issues were up fractionally.
Packard opened on a block of
| / 900 shares at IN, up V, and
General Motors was unchanged at
l37. American Sugar Refining
slipped back q to 15k. Coppers
eased, with Kennecott selling at
l28%, off ", American Smelling at
36%, off 4
United States Gypsum extended
the sharp advance Of the previous
session by u point to 49. West
tinghouse Electric sold off n to
I6S&.
American Telephone opened at
.110A, off u. International Paper
appeared at 81, off u, and then
set new 1912 low at 8%. Spiegel,
Inc. opened 1000 at "a, off y.
Leading steel shares failed to APP
pear in the first few minutes of
trading. However. United States
Steel preferred sold at 108k. UP
u, and Jones & Laughlin held at
l1Sh, off n.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
On the Business Front

201.9l9 shares Of S. par capital
stock in the first nine months be-
cause the final quarter is expected
to finish in the black.
BECAUSE MOST Of Square d
Companys electrical products
went into industrial buildings, the
decline in residential construction
has had little effect on the COM
panys sales or earnings.
Shipments this year were about
80 per cent over the first quarter
of l94l and continued to show
stable gains in the second quarter.
The company's older lines, such
AS electric controllers. circuit
breakers, switches and ducts are
still in great demand for war
plants while airplane instruments
turned out by the Kollsman divi-
sion are being turned out at ca
pacity rates.
Price reductions put into effect
on army and navy work may slice
second quarter earnings, and
profits for the period are expected
TO be below the Sl23 share
shown for the first quarter.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Livestock Markets
DETROIT


CATTLE Receipts. 75o Slaughter steers
and yesrinEs In light supply. fully steady
with Monday. cows and bulls steady At
Mondays downturn; package strictly good
fed yearling steers held above $3.50; sew
eral sales medium 10 mostly good light
weight FED steers. Si2 1891 load south
western warmed-up grassers, sl2; package
good fed heifers Sl2,75; bulk grass beef
cows 925M 1925, some held at $40 so;
Gamers and cutters. $4,000 weighty
sausage bulls. Sll 5On II. mostly SLID
common and medium bulls. Seh IL rs
stockers and feeders asa SOC lower than
the recent high time: common 10 medium.
So 5Om6 native and southwestern stock
steers, SI0n IL so few 340-lb stock steer
calves. SIS; comparable heifer calves,
$3.50
CALVES Receipts, 500. Market less
active than Monday hut about steady. Early
top and bulk. good TO choice grades,
SIS so: common and medium. I'LL q IL. 30.
SHEEP--Sslabie, 300; market, spring
lambs active. fully steady. Few good 10
choice 77-s9-lb. natives. SIS; odd lots.
medium 10 good kinds, scaling down 90
81 lbs, S14G 1880; yesrlings, practically
absent few shorn slaughter ewes, SIS
down.
HOGS Receipts ! 500; market steady;
bulk lSO-4OO-lb butchers, Slf. 35f IL 50
extreme top S14 70 on small killers. $50
22O-lb. average most l50-is0-lh. lights,
Sl4Hi45O most so~s, Sl3.25n l3a
few AZ xl1 %.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Detroit Produce

APpLES-Illnois, busbel baskets, Y. 8
No. l. Ain. minimup, Yellow Trsnspsr.
n i.s5; unclassin.d. 81. washinrton
boxes. winessps, extra fancy i3ss.1s3s
80. sou 80; 1855 and smaller, s3H3.2o.
cANTALoUPEs-salmon Meats. Califor
3. 5o Jumbo sss, A.iont.s5; fair quality
1918 jumbo t5s A.75I SIS; Arizona,
Yuma district. Jumbo AIS. s325n 3.75
mostly $3.50; jumbo aes. H2a6Aoo'
cARRoTs-Los Angeles crates e-dorer
punches; California. s3.506+: best mostly
.. Texas, oushsl baskets topped. washed
csELERY-Michisan, Golden Heart, I
dozen stalks, 45c; highball crates. si.25.
coRN-North Carolina, crates 7-doIsn,
CUCUMBERs-Bushei basket, including
81 so q 2. so; large sire slicers. 81. so: North
Caroline, fancy. s1.75g2.50: choice, fair,
81 az: Arkansas, u. o. No. 1, 81. Is ~ 70
mostly s2.25a250; choice, MAR. sl.75a2
LETTUCE-Los Angeles crates, Iceberg,
California Salinas district, 5-dozsn, IS SC
u 5.65; dozen. se.250e.So; Dozen
IS. so.
Bermudas ". q. Commercials, s0S or
more q. 8. No. 1 and U. s. No. 1. 81. "a
so. poor as low as 75c; Jumbo size Vel
lows, 81 25p las; Crystal white WAY "
IS No 1. fair condition, S.5o; Baoosa.
"a to ain. sire, 81. IS; California. U: 8. No.
d, Yeliows. large size. S.5oG1.eo; me-
diums. 81 80; red Onions. s2;sooa.
Hleys, U. g. No. I, IA. in. minimum
bu baskets. Hli.ys, U. =. No. !. u. In
minimum, $40: t. s. extra No. 1. s3.25
Golden Jubiiees. n blu. baskets, Ia In
minimum. u. s. No. 1. 81, few as low Al
Si.e5; gin. minimum. $40: Arkansas
bu. baskets. Fairs Beauty, u. y. No.
ain. minimum, 50.
PoTAToEs--100-lb. sacks, California
III. g. No 4. washed Long Whites, S3.St
~ 3 90. mostly 81. 90. few best 50. 75 Nortf
Carolina, u. 8. No. !. unwsshed Cooolers
50 e512.s5, mostly s2.7on2.7b, Virginia
lU. 8. No 4. unwashed Cobblers, 81. 70 n
q IS, mostly s2.75; Tennessee. u. s. No. i
unwashed, Cobblers. S2.75. :
STRAWBERRIES Michigan 1s-qt
crates, Dorsetts. $3.50.
SWEET PoTAToEs-Porto Rican vans
Louisiana. Blu. crates. U. s. NO. j. s22o
waxed, 81 asa 2.40.
TOMATOES - iO-lb cartons. repacks
mediums. s0a csc; 2S-lb. Tugs, fepacks
sails; dollhouse, s.lb. baskets, mediums
Ohio. sipi15; Indiana, mediums, u.lo
original Tugs ". 3. No. I. Texas, green
ripe and turning, wrapped. 6xe and larger
wkrERMELoNs-Fl and Georgia
per melon. Cannonbeli. 22-2t lbs. 27n ~
3Se rs lbs, 4Oc: 1880 lbs., Soc 81 lbs.
soc 30 lbs. 75c Tom WatsOns. rs lbs
ass soc q lbs, 57il n soc; Cuban Queens
2e lbs, mostly a5c, few soc. few zoe; 2s
lbs, s5H soc
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Formers Market

FRUITs-Cherries, sweet, fancy. IS ~.
OF crate; No. ], N14.50; No. q. $3.50;
sour No; l. ,22sga5S a,ot; crate: Goose
rants. No. 1. s3o3.oo 24-at crate. Rssp-
berries. red, No. 1. ss9s.5o 24-qt. crate;
No. 2, SO. so: black, No. I. ss11.5o 7t-qt,
crate; No. 2, $3.50 strawberriss, fancy.
sooo9s 24-qt. crate; No. !. Aus: No. q
LETTUCE AND SALAD oREENs-H..d
lettuce. fancy. si.75M2 bu.; No I, Si.25
a 1855: No. 2, 75cdsi. Leaf lettuce. No.
bu. Escarols, No. 1, soc Isl bu. No. 2.
s5c. Endive. No ], si.50gl.T6 bu No.
VEGETABLE GREENs-coilsrd.. No. 1.
20 soc eg, sOrrsl =, No J. s39ese 90. SS'
Turpip No. I. 400 SOC bu. Mustard. No.
1, 4Oa soc bu. Cabbage greens. No. ]. so
q 75c bu. Kale. No. 1, 7oc bu. Swiss
ehard, No: !, 500 soc og; .,ro,,.
paragus, No. 1, sln1 so doI. bchs. No. q.
so n 75c wax beans. No. I. S9p3.75 bu. /:
fancy, 81 bu.; green beans, No. /. n.eo
. LIS bu. Beets, No. 1. 5op65e don, ochs.
20 o soc eu. Red cabbage, No. i, 81 bu.
Carrots. No. 1, sou soc don. bchs. cauh-
nower, No /. s2n7.Jo bu.: No. q 81.
Celery. fancy. Toe doz. bchs.; No: 2,
IS soc; No. q. io92oe. DIN. 400 soc
bchs. Leeks. No !, si2s dor. behs.
onions, green. No !. 90 a csc doz bchs. !;
No. 2. soc. Curly parsley, No. /, so
n soc doI. och'. Parsley root No. J. SoT
su No. !. N.75H2. Potatoes; No l.
red No 1. 80 q soc don: bchs. No. 2. 2oe {;
long white. No. I. ton s5c don. behs. Rhu-
barb, asa Csc doz. bchs. summer squash
No. I. y2a2.5o y bu.; No. 2. N.5o.
Itsisn squash. No. l, si.25 peck basket
Tomatoes, dollhouse. No. I, t3n 3.2s lt-lo
basket. Turnips, No. 1. 500 7Sc dos. ochs' {;
keds. !. .., ,,,sii.So '''dO,' case
PoULTRY--Live. hens. heavy breeds, 20
T27c ID; leghorns. 23T 25c; broiisrs
heavy, 29H sic; leghorn, 24U2sc 10.
PLANTS Saliva. 75cnt1 fiat; Gerani-
ums. 81 50g2 it-pot fiat miscellaneous
flowers 5On75e fiat; miscellaneous vsGtta-
bles 500 Csc flat.
IF CHICAGO
CHICAGO, June 30 lINs) .-ChEEsE--
Twins. 2ihHai%e; daisies. an g2se;
prints and ionghorns, 72i5 22hc
LIVE POUtTRY--Msrket STEADY 10
weak Turkeys. l5a 22e; hens. $50 ale;
leghorn hens 100 i6he; springers, 271
2sc: broilers, 21d2the; ROSTERS, l3n
Isle: ducks f0nisc; geese, .emi7c.
BUTTER-Re II .345 tubs; market
steady. Extras % score 3sise: standards
% score cars. 36L.c extra hrsts si score.
3ec hrsts ss-se score. asa 34ae: specials
o, scors sTg3IMa
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01

WHEN FULL production is
reached some time next summer,
Nash Kelvinator's shipments of
war materials arc expected TO be
at an annual rate more than four
times the company's 1871 sales of
Sl22, 100000.
In relation 10 normal business.
Observation-Disclosures has taken on a
job which certainly rates with the
biggest in the auto industry.
The three major contracts are
for airplane engines flying boats
and propellers. but in addition the
company has several smaller con-
tracts. including one OF highly
confidential nature.
Although the contract 10 build
VoughtLSikorsky flying boats is
tremendous. the engine contract
may prove the more important be-
fore the war Is ended The motor
Us Pratt e. Whitney air cooled OF
the type used in the Republic
"Thunderbolt' and is rated around
1000 horsepower.
The company is already turning
out Hamilton variable pitch pro.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
u. 5. Considers
DebtMordtoriun1
For Taxpayers
Possible Forms OF
Relief Listed by
Treasury Expert

WASHINGTON, July I UP).-
The treasury had disclosed TODAY
that il has suggested 10 Congress
the possibility Of considering some
type of debt moratorium for tax
payers who find il p hardship to
meet their prewar obligations ano
the additional load OF increased
taxes.
The suggestion was contained in
a memorandum submitted to the
House ways and means committee
on June - by Randolph Paul
treasury tax expert. II was en-
phasized that the memorandum
was prepared in response TO CUES.
tions and did not constitute formal
recommendations.
Paul said in the memorandum
that many individuals are finding
Il difficult. if not impossible. 70
continue amortizing the mortgages
on their homes. or 10 maintain
premium payments on life insur-
ance and endowment contracts. or
perhaps even payments on install
ment purchases of automobiles
and refrigerators."
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Kelsey Reports
48,710 Profit

Kelsey-Hayes Wheel Company
parent company only, reports for
the quarter ended May 81 a net
profit of $43s,71o after federal in
come and excess profits taxes. etc,
equal under participating provi-
sions of the shares TO 80 cents a
share on the combined 29O, 2S5
shares OF class A and 257 ,982
shares of class B stocks.
This compares with S422, $50 or
II cents q share on the combined
shares in the May quarter OF
194l and 1851, 052 or Sl.19 a share
on the combined shares for the
quarter ended February Is, 1912
For the nine months ended May
81 net profit was 81 $40, 375. equal
to S2.44 share on the combined
class A and class B stocks, against
81 .354.712 or $2.47 a share on the
Combined stocks for the nine
months ended Nav 81. 194l
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Edison Output
Under Al Week

Total consumption of Detroit
Edison Company power for the
week ended June u was 81, 1884 900
kilowatt hours, a drop of ID per
cent from the 81, 1881 900 kilowatt
hours Of the corresponding week
of 1941 and a gain of three-tenths
of l per cent over the previous
weeks total of 81 ,602, 900 kilowatt
hours.
Industrial use last week totaled
AZ, 774,000 kilowatt hours. a gain
of "A per cent over the 40, 962 900
kilowatt hours of the correspond
ing week last year and a gain of
seven-tenths of / per cent over the
previous weeks total of AZ, Asa, 900
kilowatt hours.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Broker Opens
Jackson Office

Waiting. Lerchen e. Co. Ford
Building. announce the opening OF
a new office at 100 West Michigan
avenue. Jackson, Mich, TO do a
general investment and stock ex.
change commission business.
Harold F. Andrews. former
manager of Dominick & Dominick,
has been named resident manager
and the entire personnel OF that
firms Jackson office has been
taken over by WatlIng-Lerchen.
Members OF the New York. New
York Curb, Detroit and Chicago
Stock exchanges. Waiting Lerchen
has been in the security business
for u years and will now have
Offices in Detroit, Ann Arbor and
Jackson.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
GOOdNeWS
From US.
Factories
Nv International News Service

Nv international News Service
MORE COAL-Some $4,000 Goa
miners ended their Today "vaca
ton today and returned to worl
under an agreement by which
mine operators will return $500
600 in fines collected during the
captive mine strike last year.
MORE STEEL~United States
Steel plants turned out enough
steel plates last month to cover
100 ships.
MORE SHIPS-Five new ships
four merchant vessels and de-
stroyer, have been launched in
shipyards in New England and al
Kearny, N. j.
MORE COTTON-The War Pro.
duction Board predicts new
record production during 194l
even despite last years record
high of l0,5OO,OO0,O00 linear yards
of cotton fabric.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01

Facing the immediate visible hsrdships and sacrifice
parents bring children into the
world They in thinking that the present pattern of affairs
will continue indefinitely They OF the huctua
Beyond the storm clouds perceive sunlight and
happier days in the future.
when Americans believed that all boys,
poor opportunity rise accordance
with their ability and energy.
This country has been good to me and have an obligation
nsdiou from without within. Accordingly pledge
myself give ngle-minded devotion American which
ambition shall do this because
this system will provide the greatest opportunities for
and brothers, and for the people OF all the families OF
the United States
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Auto
Graphs
Shipment Of War
Goods by Auto
Industry Scars
Nv sILER FREEMAN

Shipments of war goods from
the automobile industry at
tanned the rate OF five and a
half billion dollars year in
April, according TO figures just
compiled by the automotive
branch of the War Production
Board. The five and a half
billion figure is based on reports
from l57 companies, including
8 manufacturers, 9 truck COM
panies and 140 parts makers.
The report covered 432 plants,
making up u per cent of the
industry, based ON labor.
Aprirs war shipments were
46 per cent greater than Febru-
ary's, totaling S349,000,o00. Al
the same time that war ship
ments were soaring, non-war
shipments declined from Sl45,-
100000 in February TO $1,000
600 in April
The figures above we'll illus
trate the transition from peace
time production 10 the arms and
munitions field.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Cautions Aqainst ExpIoiters Of Youth

And final word As get older don't be duped by
exoer of Youth who seek by setting the against
old The richest all nheres their
that time they will inherit the earth with all the
knowledge technique tools and natural
And remember about the change of the four and about
biological miracles growth and decay II better be born
and reared downward phase of the cycle for then
toughened learn take it, Time side and
markets in human affairs
the bull markets that
ahead.
And remember always good philosophy good education
facility for getting
along with folks provide infinitely better economic security than
q q
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
DETR0F1ga kgzs7MES
MARKETS
Lewis Haney
Lewis HaneY ~.
Hints Little Further
Reaction lin Market

EAST JEFFREY, n. H. July The general opinion among
that little further
pending the outcome of German offensive
further recession to be expected
general inclined On the whole the
unfavorabe has been somewhat
For example practically ignored
the Midway naval but broke rather sharply on the
fall of Tobrk
largely confined TO hour and since
ground been slight indeed What should
OF industrial below the level
the Dunkk debacle Surely the outlook is at
least brighter than then
general guess that should not invest further
stocks and until the composite OF 100 rises
1T around 92h, and would ii
he concusive) But doubt that the
will be broken and would hold investment stocks
with considerahln
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
California Leads
In War Contracts

SAN FRANCISCO, July l.
California has received larger
share in volume of war contract
awards than any other state, re-
ports the current issue of the
Business Outlook, published by
Wells Fargo Bank of San Fran.
cisco. A recent tabulation by the
War Production Board, covering
the p months from June l. 1910
to Feb. %. 1912, shows S4,449,.
086,00 or 10 per cent for Cali.
fornia, followed by S3,535, 900, 0O(
for Michigan, S3,447, 900, 600 fol-
New York and 2,940, 10000 fol-
New Jersey.
California aircraft awards were
81 per cent of the national total
and shipbuilding awards were &c
per cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
BUSINESS
M. S. Rukeyser
M. S. Rukeyser
Views Better Living
LIN Postwar Period

Memo of father 5dayod Don't make the mistake
assuming that the chaotic the world normal
Nothing Is permanent in life except change
That observation provides hope that the world will
from its present troubled state.
These big words 5-day-od boy, but time
three older brothers will able interpret the
meaning OF them In circumstances in not
around when become think explanation
and suggest this be filed away for the record
This disturbed and bloody world currently falling vastly
below its science invention and sheer
human capacity offer of better things
people everywhere But instead of achieving the promised land the
world in tailspn Funny little have been lifted into
big jobs and ordinary people suffering because
their caoused misuse Of of the world Historians will long
ponder what mental induced the German
people elevate Hitler the exhouse painter and what caused the
Italian people to put with Musson the bouffe
Socialist agitator and editor.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
% Permits Issued
For Oil Explorations

LANSING. July l CUP).-The
conservation department reported
today that 26 permits for oil and
gas explorations in 10 Michigan
counties had been issued in the
last week, bringing the years to-
tai 10 2S4
Six permits went 10 Osceola
County. five permits went to Are
nae. four each 10 Clare and Bay
counties. two to Lake County. and
one each 10 Ottawa. Clinton.
Gladwin. Van Buren, and Allegan
counties.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Sees Greater Output

Ernest c. Kanzler. chief OF
the automotive branch OF the
WPB. expects much higher
rate Of production compared
with man hours as the program
gets under way.
'In the early stages of mass
production, particularly on new
products" said Kanzler, "when
tools still are being installed
and tried out, machines are be-
Ing added constantly 10 the pro-
duction lines, men still are being
trained and engineering changes
still are proceeding, the relation
Of man hours to shipments Is
very high, as compared to the
results when the production sys-
tenn gets rolling properly.
For example, II will be seen
from the figures covering these
432 plants that man hours on
war work were 81 per cent
greater In April than In Febru-
AIRY, whereas shipments Of war
products were only 46 per cent
greater.
Consequently. the mere fact
that man hours have reached
the twO-thlrds mark, does not
mean that shipments have
reached the Same proportion of
the maximum war load. As the
production program ripens. we
will get q lot more output from
man power and. AS man hours
Increase toward the peak. ship
ments will increase ut q much
greater rate until the expected
peak " reached"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Need One Signature
On War Insurance

w. L. Clayton, president OF the
War Damage Corporation, in a
telegram today TO Elmer Salzman.
secretary-manager Of the Detroit
Association of Insurance Agents.
stated that one signature only is
required on applications for war
damage insurance.
at IL highly important" Clay
ton wired, that application cor
rectIy state name or names Of
insured but u Is not necessary
that all such names he signed
to the application. Applications
should he signed In person nv
one Of insured ar another per-
son acting for him"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Covers 8 Auto Firms

The automakers covered in
the WPB report are General
Motors, Ford, Chrysler, Stude-
baker. Hudson. Packard, Nash
and Graham-Paige. The eight
companies operate 182 plants.
The eight companies shipped
S186, 0O0, 900 in April, against
$1l3, 0OO, 900 in February. rise
of GA per cent. At the same
time, man hours increased from
1900, 1000 TO 100000. or 100
per cent.
In the 432 plants covered by
the report, SCI, ADO were en-
pleyed in April. of whom dl3,656
were production workers. The
two-month increase in man
hours worked was $4,000, 900, to
bring the total to 5000, 600.
II is estimated that when the
plants reach peak production.
man hours will total 1850. 000,-
600 a year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
% Million Securities
REGISTERED in Nav

WASHINGTON. July Dur
ing May, securities effectively reg
istered under the Securities Act
of 1888 amounted to 500. 491 900.
OF this total, S92 ,847 900 were
proposed for sale for account of
issuers. compared with a monthly
average of 1854, 730. 900 in 1871 and
S140, $50 900 in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Erie Authorized
To Issue Bonds

WASHINGTON, July THE
commerce commission
has authorized Erie Railroad Com
pany to issue $5.955, $50 of first
consolidated mortgage a per cent
bonds. series G, to be sold at
100.50 and accrued interest and
proceeds applied to redemption of
a like principal amount Of first
consolidated mortgage a. per
cent bonds series A
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Detroit-MiCh. Stove
Votes 10 Dividend

Detroit-Michigan Stove Com
pany has declared a dividend OF
10 cents on the common. payable
July 20 TO holders of record July
10. Same amount was paid on
April 20
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
Tax Bill Is Two Billions Short

The situation further bad possible
What for example Turkey and India going to do?
is short. the radical agtaors
trying stir hostility favorable provisions This leaves
refunds doubtful advantage
and would mean trouble later
But ma orty tVded have moved up. There
considerable shown by loans Of
certain leading issues at premium
rails better likewise the utilities good
which sell for less than book value Corporation
bonds averaged higher
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
War Making
u. ). Workshop
of the World
4 month"; Exports
Wall Over Billion;
Imports Show Drop

WASHINGTON, July 1 (UP).-
The department of commerce re.
ported today that the war is
making the United States thu
workshop of the world" with
exports for the first four months
of this year totaling 81. $50, 000, 900.
The department said the total
represented tremendous up.
surge" but does not include in
creasing shipments to United
States armed forces abroad.
MOSTLY MANUFACTURED
Finished manufactured products
made up 70 per cent of total ex-
ports, the department said. com.
pared with 81 per cent in 1941 and
48 per cent during the first World
War.
Imports during the four-month
period were reduced 16 per cent
in quantity, although Allied and
friendly countries not obstructed
by blockades hi { sent us moro
materials than they normally do.
DROP Is OFFSET.
Imports from Japan. China. the
Philippines and Continental Flu.
rope dropped 100000, 900. That
amount was offset, however. by an
increase in imports OF the British
Empire countries. the Latin-
American republics. and the Neth-
erlands East Indies prior TO their
fall.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-01
N-Cent Payment
By Wayne Screw Co.

Wayne Screw Products Com
pany has declared a dividend OF 70
cents, payable July 30 10 holders
Of record July IS. The firm paid
20 cents on Nav Is.