davidaulloa/AmericanStories huggingface dataset:
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1942-07-11
lad Your Heard :?

Charles Anthony Roxborough " quite
n lungs? When he and his sister, Carol who was 50
a s. ss' On D's s a
RrOWn
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Farmers Market

APPLEs-Horthern Spys. fancy, 81, 500
bu.; No. 1. si.75a2.25, No. ?. SiI l.25
stsele's Red. fancy 50 bu.; No. j. s2.2
ASPARAGUS - Fancy. soc s1.Io dor
punches; No. l. 65 75c; No. 2. soc.
BEETS-No. ]. 500 Zoe bu. No. soc
cABBAGE--No. L., 6oa75e bu.; No. 2
CARRoTs-No. ], Si.50ql.s5 bu.; No
EGGs-Large, u0ail 30=dozen ease
medium, ss.50Te.
FRENCH ENDrvE-Fancy, si.25 5-Ib
box; No. l. 75c: No. q, 60c
HORSE RADIsH--No 1. $2G2.5o bu.
LEEKS-No. 4. 75c ISL dozen punches.
ONIONS - Green. No. !. 259 ioc doz
PARsNIPs-NO. i, s15oaa bu.; No. 2
75c ISL.
PLANTS Pansies. $1,000 15-box nat
Saliva, SIPS Hat; geraniums, $50 3. so II
vegetables, 75c fiat.
PoTAToEs-Fancy. si.35 bu.: No. ]
si.20f1.35 bu.: No. 2. 75ns3c.
POULTRY--Live hens, heavy breeds p
a 2sc h.. leghorns, n 123c ID. broilers
heavy, 2sd 30c H.. leghorn. 81 u 23c 10.
RADIsREs-Red. dollhouse, No. i, TO'
dozen bu hes.
RHUBAK ARB othouse, fancy. SOC s-Ib
box choice, Csc; small, acc doz. punches
rhubarb outdoor. 30G 35c dozen lunches
RUTABAGAS--No. !, 500 zoe bu.
sP1NAcH--No. 1. 81 20 bu.
soRREL--No. ], so q soc bu;
TURNIPs-No. I, 6Sp75c bu.; No. 2
40c.
TURNIP GREENs-No. 1, 81. % bu.
VEGETABLE oYSTERS-No. /, 600 zoo
dozen punches
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Engine Stands Up

The admiral had nothing but
praise for the Packard marine
engine. lie also praised the
constant development W hic h
Packard was carrying on 10 i'm
prove il. In this he was joined
by Commander Montgomery.
at really stands up under
the most gruelling condition"
stated the latter. We are do
ing astonishing things with IL
and we hope 10 de even better
Packard's achievement, said
Admiral Cluverius. only typihed
American production in gem
eral.
"The tempo i'm the plants has
Increased 40 tremendously that
you'd never know them as the
same plants" he stated "There
II more coordination afloat and
ashore than we ever thought we
could find. II speaks well for
ultimate victory"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
On the Business Front

IT SEEMS hard to believe that
tolerances down TO thousandtf
of an inch are necessary in con
structing bomber wings, but yor
begin to understand when you
consider the punishment they have
10 take.
Avery reminded me that it's al
a man can do TO stand up in 9
60. to Is mile an hour gale.
yet these bombers have to
pull out Of power dives at four
and FIVE hundred miles an hour"
he said.
The wings on an ordinary Doug
las. transport ship look frail tc
some people, but I'm told that
they can stand being bent &c
inches out of line either up OF
down without swapping.
And that's the kind of stuff
Murray's building into Uncle
Sans bombers-only more so!
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Forbes
Analysts Reveal
Many Extraordinary
Situations Existing
BY b. c. FORBES

Never did a more extraordfH
nary situation exist l. our secu-
rity markets.
Never did so many common'
stocks show such abnormally
high dividend yields.
Never was there greater con-
trast between the income avail
able on gilt-edged bonds and on
stocks of many old-established
companies.
Never before were standard
common shares purchasable at
SO few times their net earnings
Never before did such a
variety of industrial stocks sell
below their net working capital
or liquidating values.
Never were SO many commons
quoted at prices not only allow
ing nothing for fixed assets, but
representing an average dis
count Of more than one-third
their net current assets.
Never was the ratio OF the
market value of listed stocks to
listed bonds as low.
Never before was IL possible
to select list OF fully 60 COM
mon stocks available at prices
affording an income yield of II
per cent and more.
Never were, untitled orders of
so many corporations as enor-
mons az TODAY
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Stocks Uneven
In Early Trade

NEW YORK. May 6 UNS)-
The stock market was hesitant at
the opening today. Trading was
light and most price, changes
were extremely small, with minus
signs slightly in the msjority.
Lower quotations were shown
by United States Steel, Youngs-
town Sheet and Tube, Chrysler,
Sears-R oebuck. Boeing. Air Re-
duction, Du Pont, American Tele-
phone, Westinghouse. New York
Central and Standard Oil of New
Jersey.
General Motors. Anaconda, Gen.
eral Electric, Texas Company and
Borden all were unchanged. Inter-
national Nickel, Bethlehem, United
States Rubber and international
Harvester advanced fractions.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Good News
From the


MORE SCRAP--A war depart
ment wrecking crew today begar
scrapping $4,000 tons of stee
which were in the rails and equip.
ment of the old New York, West,
chester and Boston Railroad.
MORE ORE - Great Lake:
freighters moved II per cent more
iron ore in April than in any pre-
vious April, shipments totalinl
l7,789,18 tons.
MORE STEEL-The steel indus.
try delivered 62,300000 tons of its
product last year, the American
Iron and Steel Institute reported
today.
MORE CONSERVATION The
War Production Board prohibited
the use, after August 3, of iron and
steel in more than 400 items in
order to conserve metals for war
production.
MORE PRODUCTION - Leon
Henderson reported that war pro-
duction, which stood at 112 on the
United States Federal Reserve
Board index before Pearl Harbor,
is now IT'S and will reach 200
within the year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Timken Roller
Votes Dividend

Thinker Roller Bearing Com
pany has declared a dividend of
so cents. payable June 5, to hold
ers of record May 20. The firm
paid a like amount on March )
and IS cents on June 5, 1941.
For the quarter ended March
81 net profit was 81 ,461, 766 after
estimated taxes, equal to so cents
a share on 2,417,380 shares,
against $2,613,451 or $1.0S a share
on 2,415,3SO shares in the like
period of 1871.
Provision for taxes includes
81 500 900 income tax and $4,351,-
900 excess profits tax computed
under revenue act of 1871, to-
gether with an additional amount
Of 81, $4,000 to cover possible tax
increases and other contingencies,
the company stated.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Edison Output
Holds Steady

Total consumption OF Detroit
Edison Company power for the
week ended May 2 was 79,15S,00C
kilowatt hours. a gain of only two
tenths of ] per cent over the
79,003,000 kilowatt hours of the
corresponding week of 1871 and a
gain of one-half of ! per cent over
the previous weeks total of 49,.
707 900 kilowatt hours.
Industrial use last week totaled
39,014,000 kilowatt hours. a drop
of 3.3 per cent from the 40. 383 .00C
kilowatt hours OF the correspond
ing period last year and a gain OF
IL per cent over the previous
weeks total OF 3S.52s,000 kilowatt
hours.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Lewis Haney
Lewis Haney
Ceiling ON Prices
Brings Confusion

Last week signs of hesitation retail trade be
observed and some sackenng probable pending the enforce
men OF the price ceilings Some people will naturally
see prices made lower Many will stop their scare
buying now that the prcefxng and rationng hand
orders by business men have probably been reduced by the
general uncertainty attending the rules Already
that there will have revisons Qualifications
supplementary edc the prce-xng bureaucracy
Meanwhile inevitable
Perhaps under the foregoing influences railway carloadngs
last week hardly made the usual seasonal gain
But industrial production has expand
under the influence of demands There is general satisfaction
IN Official quarters concerning the industrial
war program, and exceeding it in cases.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
With WARD SCHULTZ
Detroit Times Financial Editor

That hardy perennial, Harvey
Campbell, was naturally reelected
executive vice president.
Other regulars to be reelected
were J. Ray Campbell. comptroller
and Charles M. Sreenan. secretary
I SPENT most Of the forenoon
with Murray's Mr.. Avery and took
a flying tour of the aircraft plant
with him.
While any details have to await
the censor's approval, / don't think
it violates any of the rules to
merely say that they're doing a
grand job out there.
Indicative of the spirit of the
men is a sign which originally
read: Lets Build Airplanes." The
workers had penciled in the nota-
ton to make il read: Let's Build
Good Strong Airplanes."
You can't turn around without
seeing defense bond banner and
many departments boast Of their
100 per cent participation.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Predicts Continued Rise in Wholesale Prices

Alter period OF hesitation wholesale will
undoubtedly Wages being fixed will
further Farm prices being fixed Congress
unlikely reduce the limit no per parity
pr tent Gwen they did parity not fixed and rse
Nor he quality Of the article and the service you for
money. liked
All Of rapidly being swept into a complete
the lesson of Rationng
here IN the shape Of ration books for and this will spread
10 other goods general order Freezing large of the
price structure OF the highest March prices has been issued
The House ways and committee has proposed "a cent
tax profits
The drive 10 make everybody buy government bonds being
Intensified And the has announced borrowing of
about billion dolars-which completes the picture.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
$50 Per Cent
U. S. Mission Believes India
Output Can Be Boosted

BOMBAY. May 6 CUP).-The
United States technical mission in
India. headed by Col. Louis A.
johnson, personal representative of
Roosevelt, believes In
.dia'S industrial production could De
increased $50 per cent. il was
learned today.
Johnson and Arthur w. HarTing-
ton. another member of the mis-
sion which will arrive here next
week, probably will return TO the
| United States soon. The mission
Twas in Calcutta today.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06

RAYMOND II. BERRY OF the
law firm of Berry & Stevens is
the new president of the Detroit
Board of Commerce.
He succeeds Clarence Avery
president of Murray Corporation
of America.
Right here I want TO say that
Avery'S shoes will be hard TO fill
because he infused new life into
the group during the time he was
president.
Other new officers elected at the
meeting in the DAG yesterday
were three new vice presidents
George w. Carter. Detroit Insur-
ance Agency; Harry Lynn Pierson,
Detroit Harvester Company, and
T. M. Rinehart of Highland Oil
Corporation.
Treasurer is Mcpherson Brown
ing of the Detroit Trust Company
and Frank J. Armstrong of United
States Radiator is assistant treas
urer.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
untitled Steel Orders Still on UPGRADE

The output OF steel last week high all
time The average about so the expanded
capacity and practically the output under
lortes SYSTEM mostly at high rating Untitled orders how
ever continue increase In steel big problem aside
supplies
cuts down the supply of sheets and strips for
Commodity price remained about unchanged last
week Cotton grains butter and ros higher Livestock
and aXsed declined Prices will be
for while 1t should be noted however, that
Administrators pr1cetxing program centered
living and that this is far from comprehensive
there thousands OF prices that do the living
indexes IN direct bur also there
winch are not included in the prcefxng order AS matter Of
the the
living costs rather than initiation viii apparent
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Was on the Maine

Rear Admiral w. T. Cluverius.
a genial sea dog who has seen
service from the Spanish-Amer-
lean War on. came here 10 make
the award. He is no stranger
TO Detroit. formerly command
ing the Ninth Naval District.
Admiral CfuveriuS was on the
Maine when it was sunk. He
was a past midshipman aboard.
having just been graduated from
Annapolis. He still remembers
the experience but refers to 1t
as ancient history"
The admiral is more interested
in what's going on now, al
though he was retired in 1889.
He is now president of Worces-
ter Polytechnic Institute.
1--WE heard II said that the
PIT boats can win this war;
he said yesterday. II can well
believe It,"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
BUSINESS
M. S. Rukeyser
M. S. Rukeyser
Tells How to Protect
Your Insurance

squeeze" resulting virtual ceiling
personal after family heads function
in light of the In the of living?
This problem affects only the big fellows who threat
ened with maximum allowable income of $4,000 despite
the magnitude of their commitments for life insurance premiums
real amortization and family and charitable
responsibilities but also in the lower income brackets
high minded attitude of thrift reduce
such nexbe items of net life insurance premiums AS
rising.
This problem continuing insurance and real estate
becomes especially acute for hitherto accustomed to large
who subjected greatly curaed incomes in the
military service or in civilian governmental work.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Good Providers

One of the admiral's pet
peeves is against the express
sion. "IIe spends money like a
drunken sailor"
maybe that was a good ex-
preston many, many years ago."
he said, ''but IL isn't now.
Navy men provide better for
their families than any other
branch of service. They make
the biggest allotments for their
own. They buy bonds and save
regularly. And they aren't the
heavy drinkers they are made
out TO be-"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Auto
Packard e Awerd
Expected TO Aid
Other Production
Nv sILER FREEMAN

Packard today has added
stimulus in Us Work 20 Win
program. inaugurajed this week.
4 tiny flag with an Il floats
before the plant today and this
symbol Of excellence IN pro-
duction. awarded by the navy,
IS expected 10 bc an incentive
in every branch Of the plant.
The burgee IS fer the marine
engine division which turns out
the power plants for the daring
little PIT boats. But the effect
viii spread 10 the Rolls motor
workers and spur them on to
new achievements, executives OF
the company predicted.
The burcee Is q new award
by the navy. Different depart
ments were awarding pennantS
heretofore but now the navy
has taken II over and a board
is passing on the awards.
Packard is the first in Detroit.
the second IN Michigan to get
this honor
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Discount Possible on Prepaid Premiums

In that destined for assignment in distant
places has sufficient cash available he usually arrange with
the premium at discount
alternative bank to make
behalf of the depoor
the due date.
Contemplating difficulties which service would have in
making both they give substantial salaries to
the 21 month Plus maintenance the govern
ment has made provisions for such contingencies The soldiers
relief 1910 provides of keeping
lives of persons the military service of
relates policies of
$4,000 which purchased at least 80 days prior actual entry
than half the cash value
shall against Under conditions the
government may guarantee the while the insured
military
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Navy Pays TO Fight

Navy enlisted men are also
an example for the rest of the
nation in the bond drive, Ad-
miral Cluverius stated. Al
most every sailor has signed up
for bonds. he said.
1.-THE navy Is paying to fight"
he stated. at was the same
in the first war. I commanded
n mine layer In the North Sea
and we Dragged that we COW
cred each mine with q Liberty
Bond"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
ATT Gains 93,7OO
Phones During April

NEW YORK, May 6.-There was
a gain of about SO, 700 telephones
in service in principal telephone
subsidiaries of the American Tele-
phone and Telegraph Company in
cluded in the Bell system during
April. The gain for the previous
month was 105.700 and for April,
1941, 112,500. Net gain for the
four months this year totaled 416,-
200, as against 1886 for The
Same period in 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Many Other Facts

Other facts, compiled by one
painstaking analyst:
The 65 railway common stocks
on the New York Exchange have
lately sold at quotations aver
aging about .3A times 1941.
earnings, with most of the nom
dividend payers priced at not
more than twice last years
earnings.
Electric utility shares lasS
month fell to the lowest prices
in the industry's history, some
35 per cent. Below even their
1882 bottom, to a basis OF AZ
times last years net earnings.
OF 723 listed industrial issues,
some 40 have sold below their
net working capital, while the
most common price earnings
ratio has been between 3 and 5
times earnings.
The average price of listed
stocks lately fell below anything
witnessed in nine years.
Dealings on the New York
Stock Exchange thus far this
year have been only half what
they were during the first four
months of 1910. have fallen Is
per cent below even last year.
This week a stock exchange
membership sold at $1,000
contrasted with S625, 900 in 1929.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
FOREIGN EXCHANGE
Detroit Poultry

Market Hens easy. balance steady
Hens. So lbs. up 2lc; under 5 lbs. 23c
lleghorn hens. lbs. and up, zoe; cocks
l14c; rock springers, over 4 lbs, 27c; rocb
broilers. az 10 4. lbs. Csc: leghorn broll
rocks
ECGs-Market steady Current receipts
l2sLc; undergrades 26d28Mc
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Praises Personnel

But it's men and not shops
that do the fighting. he re-
minded his interviewers.
"The naval personnel" he
said proudly, ''is the finest In
the world. The morale now Is
the highest ever found In the
American Nays history"
His son is lieutenant in the
navy and the admiral looked at
him as he made the statement.
Capt. L. r. Small, assistant
director of ship building who
accompanied him here, nodded
assent. Lieut.. Com. A. r.
Montgomery. who commands a
PIT squadron agreed.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Insurance Firms Now Have War Clauses

In addition the government sells service without
iveyear convertible policy of not
National Life of 1910 For
soldiers this superior to insurance in private companies
them from liability
the event insured is killed in action.
continue life insurance premiums Such
Presidents antinaton
they ebody savings rather than spending for and
will
large premium receipts in obligations of the United
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
621-Cent Payment
By Standard Accident

Standard Accident Insurance
Company has declared a dividend
of 6212 cents, payable June 5. to
common stockholders of record
NAV Is.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
. as Sales Here Decline

The Michigan Consolidated Gas
Company reports gas -cndout in
the week ended May 2 aggregated
?G3 $4,000 cubic feet as against
414492 900 cubic feet in the like
1871 neriod
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Several Devices for Tiding Over Emergency

There however several devices for tdng such
periods companies there provisions older
policies substantial meeting
liabilities without laying cash through The socaled
loan feature In instances where such auto
available the insured entering foreign service
safeguard his insurance through appointing power attef
who will have authority act his behalf to keep such
office provided the cash accumulated
sufficient through executing loan for the purpose OF paying
premiums.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Detroit Stock Exchange
1912 Range
High Low Div.
Sales High Low 1880 Chge

1912 Range Net
High Div. Sales High Low 12S0 Chge
100-1la IL Ill.,.
3% pa Wayne Screw Prod 100 .....
UNLISTED
N Y Central 100 7$ rs rs r Is
In disbursements orws"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
81 Issues Offered

Replying 10 q customer VINO
wanted a list of New York Ex-
change stocks yielding not less
than II per cent, one firm got
busy, compiled no fewer than 62
issues. A phenomenal showing.
Nor were most of the stocks
in the cats-and-dogs' category.
Instead, here are some of the
companies embraced:
Celanese. Commercial Credit,
Commercial Investment Trust,
Consolidated Edison. Electric
Auto Lite, General Tire, Gillette
Razor, B. F.. Goodrich, CRANKY
Consolidated, Great Northern
Ore. Homestake Mines. New
York City Omnibus. Pacific Can,
Pacific Gas and Electric, Pacific
Lighting, Republic Steel Sharon
Steel. Simmons Company, Stone
e. w bster. Thinker Detroit
Axle, Transamerica Corporate 4
and United Gas Improvement. ~
Is 1t unreasonable for one TO
question, despite every adverse
international and domestic fac
tor affecting securities. whether
sound American stocks will per-
manently-or even very long
continue to sell at such abnor-
NAL levels?
Copyright 1912 by B. c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Saginaw Markets

SAGINAW. May o (UPJ - Todayi
paying prices 70 growers fur beans
Pea beans $3.50. HFht re- kdnesE- 81
dark red Mdneys IS yellow eyes 50
e. Y. e light cranhrrGts. 50, C#R e.
DARK Grant berries. So o.
Wheat. 81 O1II ~ oHfs 81 $50. rs
e7H feC six-rowed barley Si.eaH e.
buckWheat s. s7GLs0, corn. ~ Soc
soyheans Si.5t nl61
Thee prices furnished ~ Michigan
Bean Company
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
Kresge Declares
Regular Dividend

S. S. Kresge Company has de.
clared the regular quarterly divi-
dend of 30 cents on the common
payable June II, to holders Of
record June 2.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06

M. A. Hanna Company declared
a dividend of IS cents on the
common, payable June II, to hold
ers of record June 6. Same amount
was paid March II.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06

Ehrriags of STANDARD Brands Inc. In
the 1rst quarter tntalsf 81 $50 9fe sFainsf
~ ~ 81 last ysa- equal O. 10 cents
q share on the common STOCK against u
cents a year earlier james Adams.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
SHUTS OFF CREDIT

! No further credit may be ex.
tended to purchase any listed
article until items in default have
been paid for in full, or have beer
placed on an instalment basis for
payment in six months. Such in
stalment payments must not be
less than s. a month or $1.25 a
week.
The regulations exempt single
payment loans by banks and
finance companies which are made
for real estate, stocks and bonds,
educational, hospital, m d C l.
dental and funeral expenses, credit
to dealers, fire and casualty premi-
Iums, agricultural production loans
loans and insurance policy
loans.
Extension Of credit TO the fed
eral and local governments and to
hospitals, schools. colleges and
charitable institutions also are
exempt.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-05-06
ARTICLES AFFECTED

The board listed Al types of
articles to which the new install
ment regulations apply, Some of
the articles, such as radios and
refrigeratofs, already have been
announced.
Articles added to the list include
automobile batteries and acces-
series, non-military clothing, shoes,
hats. haberdashery, yard goods,
used furniture, jewelry, household
electric appliances. table an d
kitchenware, athletic goods, pot
terry, glassware and others.
There is no change in the pres
ent requirement of one-third down
payment and Is months maturity
on automobile purchases. Down
payments on new furniture and
pianos, however, are increased TO
20 per cent with II months to
liuuidate the balance.
Listed articles bought on charge
accounts must be paid for on the
tenth day of the second calendar
month following purchase.