davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Considerable Mileage

Between I and 2 per cent OF
the tires we checked contained
less than 20 pounds air pres-
sure" Rogan continued. "And
we usually found. that where
one tire ON car was extremely
low. the others were, also. This
would indicate negligence ON the
part Of the motorist I'm caring
for his tires"
Careful inspections and measy
urements of the tread of the
tires checked indicated that q
great majority of Detroit mo-
florists have considerable mile
age left in their tires, 1t was
said.
"Of the many hundreds Of
tires that we checked" Rogar,
said, 1--WE found only 8 per cent
that had the tresd design en-.
tirely worn on. Some Of these,
Of course, could be recapped but
many Of them were worn % far
into the fabric that they prob
ably could not be satisfactorily
recapped or retreaded.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Auto
Graphs
Detroit Motorists
Nursing Tires. Auto
Club Survey Shows
BY sILER FREEMAN

Sixty per cent of Detroit's
motorists are taking good care
of their tires.
Most of the tires in the city
have enough rubber 10 outlast
the war emergency. with proper
care, or at least until synthetic
rubber enters the picture.
This silver lining in the dark
clouds Of rationing disprove the
tales that motorists here are
using up their tires fast, are not
caring for the rubber properly
and are determined TO have a
last fling" no matter what
comes of il. A different picture
was presented today as the re-
suit of a city-wide survey just
completed by the Auto Club Of
Michigan.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Holland Furn.
Net Below Al

Holland Furnace Company re-
ports for the quarter ended Sept.
80, 1912. a net profit of S592, 81
after provision for federal taxes
at prevailing rates, equal to 81 30
a share on 450.442 shares of COM
mon stock, against S705,15l or
|S1.57 a share for September quar-
ter of previous year. and 1898, 226
or 81 cents share for the quarter
ended June 80, 1912.
For the nine months ended Sep
TENDER 80. last, net profit was
SOL, 447. equal to S1.56 a share,
against 81 ,170.154 or $3.50 share
for the nine months ended Sept.
80. 1871.
The net profit for the II months
ended September 30, last, was
81 ,624, 1863, equal to 1851 a share,
against 81 $50 ,522 or 1914 share
for the II months ended Sept. 80,
1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Steers Hit New
High at Chicago

CHICAGO, Oct. % (UP).-
Steers hit a new five-year high or
the Chicago Livestock Exchange
yesterday. selling to eastern ship
pers at S17.35 per hundredweight
One short load of six head sold
at S17.40, the highest price since
1887.
John Campbell. agricultural
marketing administration official
said the increase was due TO rela.
tive scarcity and to increased pur'
chasing power of the public.
The steer price reached SIT -four
weeks ago. stayed there for sew
eral days and since has advanced
la nickel at a time.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
See Compulsory
Bond Buying,
Spending Tax
Seek New Methods
Of Draining Excess
Purchasing Power OF

WASHINGTON, Oct. 20 (UP).
bond buying and a
spending tax appeared today to be
the next treasury proposals for
raising revenue and draining off
excess public purchasing power to
combat initiation.
Chairman Walter F. George
Cd, Georgia. of the Senate finance
committee, said he expected the
treasury TO recommend compul-
sorry savings legislation when the
new Congress meets in January
He also said that if the treasury
seeks additional taxes above the
record-breaking levies voted this
year. Congress will have to give
consideration to the sales tax"
Treasury experts appeared to be
laying the groundwork for the
spending tax. or some form oil
increased revenues. In speeches
yesterday at New York and Des
Moines, two of the top tax plan.
ners advanced the argument thai
more money must be extracted
Immediately from the nation.
pocketbook If the battle agains,
imitation is 10 be won.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Revoke Priority
To Power Units

WASHINGTON, Oct. % (UP).
The War Production Board to-
day had revoked priority ratings
previously granted to seven far
western power and irrigation prof.
ects, including a section of Grand
Coulee Dam.
Action was taken as part of It's
policy of "curtailing the flow of
critical materials to construction
projects" WPB said. The power
units affected were scheduled for
completion in 1914 or 1945.
Under the order builders are
prohibited. effective today, from
continuing construction or install
lation on the projects, except for
purposes of safety or health or to
avoid undue damage to materials.
In which case the stop date is
November Is.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Ii Paper
Mills
To Close

COLUMBIA, Ore, Oct. 29.-Ex-
tension of control over pulpwood
IN the Northwest. already begun
in an order closing. down three
Puget Sound mills, was foreshad-
owed for IA more pulpwood mills
In the Columbia Willamette area
OF Washington and Oregon.
Respecting these Ia mills. which
were not named, WPB said it may
from time TO time divert specific
quantities OF pulpwood logs from
them for lumber purposes. WIPE
declared mills already had been
notified of impending diversions
and that they could continue pres.
ent operations until they were
notified otherwise.
A WPB spokesman asserted the
diversions would be comparativel,
light In contrast to those ordered
effective November 2 from thu
three Puget Sound mills. Fol-
these latter mills, owned by the
st. Regis Paper Company. the
Scott Paper Company and Ray.
onier. Inc. the diversions are being
made essentially to assure pulp for
vital nitrating. rayon and photo.
graphic uses.
Selection of the mills from
which logs will be diverted is
based on authority in Order M-251
which allows the WPB to act in
specific areas on basis of needs
and local conditions, WPB spokes.
men said. For instance. the ID
mills in the Columbia Willamette
area were chosen primarily be-
cause the logs they normally con.
sumo are of the large type USED
by the nearby lumber industry,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Purchase Of 'B
CubaSugarCror
Believed Near
U. S. Paid Highest
Price in Over Decade
for All 1912 Output

NEW YORK, Oct. 29.-Negoti-
atoms between United States and
Cuba are probably near at hand
for purchase of the 1943 Cuban
sugar crop, according 10 indica-
tons contained in reports from
Cuba.
The way is cleared for such dis
cussions since the Defense Sup
plies Corporation recently wound
up financial details on the 1912
crop purchase through decision 10
make complete payment on the
crop to producers on December 10
regardless of the amount of sugar
that may be unshipped by that
date. In addition, Defense Sup
plies is moving the unshipped sup
plies TO port warehouses at its
own expense, thus clearing ware.
house space in preparation fol-
1913 crop operations.
This action has created a favor.
able impression among Cuban
sugar authorities on the eve oil
discussions for purchase of the
1913 output. The leading ques.
tions which will vitality affect
earnings of the companies next
year and the economy of Cuba ir
general center on the quantity ol
sugar which the United States will
purchase and the price fixed fol
e-+PaaSaeff
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
i ) Steel Calls
30 Million Bonds

NEW YORK. Oct. 29.-Direc-
tors of the Y. S. Steel Corpora
ton have authorized the calling
for redemption on December 81 OF
all of the outstanding serial de-
bentures. which mature in the
years 1914, 1915, 1916, 1947. 1915
and 1851.
The debentures, aggreating $50,
100000 in principal amount. will
Fbe retired at the prices stipulated
in the debentures with accrued in
terest 10 Dec. 81, 1912.
Such a redemption price and
such accrued interest will be paid
on or after Nov. 2. 1912. upon the
surrender of any debenture called
for redemption at the offices of
-. p. Morgan a. Co. Inc.
The redemption will reduce the
total of outstanding debentures TO
So, 10000 including 1880, 900
which are TO be redeemed Nov. !.
1912.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
EARNINGS

AIMED Nils. Inc. and .sb.,disri.s report
for the ~ months ended SEP, SO ~, ~,
. show U ., g ,GSsa7 81 fof s0a '
income and excess pronts taxes. The net is
EQUAL 20 ti.s7 . share on soO.eIo shares
ne, proh, for the II months ended Sept.
. 40. ieti, after provision OF u i22 2f1 Tor
2 federal income and sxcess prohu taxes OF
siei7.osi equal TO s2.3s share on
Atlas Powder Company for the mine
months ended Sept. 20. 1892 reports a net
and excess pronts taxes ana reserve Of
1900 600 for contingencies equal to t3.Sa
q common share. against Si,32e'OsI or
A2i common share In the nrst nine
months of is4i.
American Machine and Metals, Inc. re-
"a ports for the quarter ended sept. 80, lstz'
Z net pront OF $500. e7s after federal In
come and excess pronts taxes. The net IL
equal TO OF cents q share on the sos, Io3
shares OF capital stock.
"a weeks ended October 4. and showed net
profit of 73.7ss, equal 70 So cents a
share. For quarter ended June 80. 1912,
net profit was 1921 ;2S3 equal to ~ cents
q share on 3os,7e3 shares.
Commercial Solvents Corporation reports
for the quarter ended Sept. 80. 1et2. .
sSaIses and ~" provision Of sss' 500 for
,sdsrsl income and excess profits taxes.
based on Revenue Act OF 1882, but without
confederation OF postwar credit on excess
proht, tax. Net In equal To 20 cents
share on 2.636.s7s shares OF the capital
stock. - -. -
ended sept 30. 1871, after provision ri
$40 t2s for federal taxes OF 1882. 800,
equal to Is cents share.
Continental Can Company and wholly
owned subsidiaries, report for the II
4 months ended Sept. 30. 1912. based partly
on estimates, show net profit OF S5.2o3. Is2
taxes, etc. equal TO us1 q share on
2s53, Ell shares OF the capital stock. This
compares with net profit for IL months
ended sept. 30, 1871. OF 1881 500, equal
after dividend requirements on the ~. 81
nreferred stock which was called Tor re.
demption on Jan. ?, 1871, 10 $2.oi a share
on the common.
Ccty, Inc. ana subsidiaries FOR the MN.
months ended September 80 reported net
profit Of s50I PES otter provision OF $3.50.
$40 for federal income and excess PROFITS
taxes based on the iet2 Revenue Act OF
"a cents n share on the, common. aget,si
St72,3i3, or ~ cents a share In the 1871
period when tax provision was s2so,037.
General Printing Ink Corporation and
!. subsidiaries report for the nine months
ended sept. 30. 1912. a net profit OF
s322, 257. after charges and federal income
and excess profits taxes, equal after divi.
dend requirements on the IS preferred
stock 10 "a cents q share on the 735. O0t
shares Of common stock. against s746. 3s3
equal % 80 cents a common share for IN,
nine months ended sept 30, 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
M. S. Rukeyser
M. S. Rukeyser
Stresses Economy
lin Federal Spending

treasury greeted the nations biggest tax
with the statement, mot enough"
Certainly the yield will be little than third of the
contemplated expenditures.
But seeking the between wartime federal
and expenditures the should nor seek
manage only the receipts side OF the equation.
No sensible and patriotic American provide less than
takes the Axis We don't commit
the French aacy of assuming that afford only half
Maginot line
We should be lavish in devong hours and machine hours
to the abundant creation of the munitions of
But this does that cannot through diligence and
prudence control war
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Praises Fisher Job

Union laborer who has worked
IN both Fisher Body and another
big plant here. manufacturing air
craft parts, is loud in his praise
OF the job being done al the Fisher
plant.
He says that Fisher officials
emphasize that quality is what
counts and that faulty parts are
lust as effective In bringing down
our planes as Jap guns. In the
other plant. speeds the thing.
Contrasting the results on one
Aoperation he said that although
)total production at Fisher is below
that of the other plant, reflections
are so much lower that net output
il actually higher.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Wage Rate Determines Cost of War

Likewise though Donald NJ Nelson's intention next
per the all production the
necessarily drastic pulling in of civilian belts
financed supported industries have
been permitted bid and dstory stabilized hourly
industrial workers would bad
possible for these workers translate the high income into
standard of living with ratonng and prortes and the
mechanical comfort
is possible for them TO do
Yet is the primarily which determines the cost Of
the and hence the of the deficits and of the growing
national debt.
And the is also needlessly inflated by the
tnuance usual Of peaceme feaherbed union rules which
designed make work provide jobs But surely such
devices untmey when the nation facing shortage
of mnnpower.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
IS Pct. Very Good

Twenty-nine per cent Of the
tires checked had from I to S-S7
Of IN inch Of tread design 70.
naming. Tho castings Of most
of these tires appeared to b In
fairly good condition and excel~
lent for rocapping purposes.
Highly encouraging, however,
was the great number Of tree
found with very good treads.
Sixty-six per cent Of the tiree
we Inspected had tread dosignG
more than 3-S2 Of nm inch deep.
These tires are still good for
many thousands of miles OF
careful driving.
~ TN fact, with the present 81
miles per hour speed limit and
the coming curtailment Of driv-
Ing due to gasoline rationing, n
Is reasonable to assume that the
great majority Of these tires
can be made to last until avn.
thetic tires are available for all. =
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
On the
Business
Front ~
By WARD SCHULTZ
Detrolt Times Financial Editor


Although the Michigan Consoli-
dated Gas Company officials have
assured Detroiters who heat their
homes with gas that no shortages
OF fuel for this purpose Is immi-
nent. at present. they are able 20
offer no guarantees.
From Washington comes word
that Herbert S. Marks. acting
chief of the WPB power section,
has announced that reserves OF
gas could be wiped out by a pro-
longed cold spell and that war
plants come first"
He said that it would be ex-
ceedingly difficult to ration gas,
but admitted that WPB has not
given up hope OF devising some
plan for rationing."
Marks did mention the Greater
Detroit area as one OF those
threatened with an eventual short
age.
Even though there is posi-
bility that this area will never
face an actual shortage OF gas,
there are many things that the
consumers can do TO insure a
steady, unrationed supply. Here
are few:
Refrain from using gas stoves
for space heating.
. Make the home alright through
insulation and storm sash.
. Keep the heating plant in top
notch condition.
. Set the thermostat at 65 during
the day and lower at night.
. Use low. blue flame for cooking,
with less water and more one-dish
meals.
. Keep leaky hot water faucets
repaired and set water heater at
100 f40-degree minimum.
. Use gas refrigerators efficiently.
Don't overcrowd them.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Nail Auto Fibres Net
Jumps 10 S2t2,t11

National Automotive Fibres,
Inc. for the quarter ended Sep
TENDER 30 reports a consolidated
net profit of $212.111. equal to SO
cents a share on the common,
against $50, 800 or 5 cents a COM
mon share in the September quar-
ter of last year and S94,394 or II
cents on the common in the June
quarter of 1912. For the nine
months net profit was $332,111 or
az cents a common share against
$617,702 or S1.03 a share in the
1871 period.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Frankensteen VS.. Carey2

Labor man told me yesterday
that one faction of the Go is
trying TO persuade Richard T.
Frankensteen TO oppose anti-Com-
nnunist James B. Carey for secre-
tary of the Congress OF Industrial
Organizations.
Frankensteen Is repeatedly I'm.
enthusiastic because insiders fatty
predict that ne wouldn't have a
chance against the popular Carey
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Cocoa. Tea Net7

Crocers of the nation are advo-
eating that coffee rationing be
extended 10 cover both tea and
cocoa, with the consumer having
the option Of taking his quota IN
any OF the three.
So far, government officials have
taken the attitude that the latter
two are not important enough 10
ration and consequently there's
been quite run on both items.
In both tea and cocoa. current
supplies may not be replaced IN
any quantity, so that they figure
when shelves are cleared that will
take care of the problem.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Fats, Oils Reduced
In Nonwar Products

NEW YORK. Oct. 29.-The
amount of fats and oils that may
be used in nonmilitary products
is reduced from 90 per cent to
SO per cent for edible products
except margarine; from so per
cent to 20 per cent for paints
varnishes and lacquers; from &C
per cent to SO per cent for soap
except that made from foots
Amount of soap which may be
made from foots is raised from
119 per cent to 80 per cent of the
base period. Procedure is altered
TO facilitate deliveries 10 armed
forces and lend-lease.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Railroads Accrue
$50 Million for Taxes

WASHINGTON. Oct. 29.--Rail.
road companies accrued S750, 000.'
900 for taxes in the first eight
months of 1912. LOT per cen,
increase over the like 1871 period
the ICC reported. In some cases
accruals have been in excess Of
requirements under the new Ia,
law, permitting upward adjust
ments in net incomes previousl,
reported.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Stresses Prudence in Federal Spending

AS supplement TO rising prudence and in
federal administration
joint committee nonessential expenditures is the right
track but should concentrate spending Until
its usefulness has been drawing blue prints for cutting down
the normal expenditures of OF
taxpayer be explored only
federal government all the local
units
In the expenditures better planning. better admins
traon and the OF better operating figures by
myriad practical controllers who should be brought the
federal service will help the between income
and
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Gasoline.
Fuel Oil &
Stocks Up

NEW YORK, Oct. 29.-Gasoline
demand declined sizably last week
and supplies were increased
slightly as compared with the pre-
vious seven-day period. Meanwhile
additions were made to stocks of
fuel oils and production of crude
oil was lifted slightly in the Octo-
Der "a week.
The increase in inventories OF
gas, oil and distiIlate. embracing
heating oil. amounted to Gal, 900
barrels last week. This brought
total stocks 10 47,500.00 barrels
or 100000 below a year ago.
Gasoline supplies were aug
|mented $780, 900 barrels in the Oc-
tober "a week, the first increase in
some time. The gain reflected
partly the higher production of
gasoline in that period, as against
the seven days ended October II.
Demand, predicated on production
and the increase in supplies. aver
aged slightly better than 1,550, OOC
barrels daily. against nearer LOO
600 barrels in Immediately proceed.
ing weeks.
The industry was processing ar
additional $1,000 barrels of crude
oil daily in the October "a week
and operating at 1877 per cent OF
capacity.
Production of crude oil increased
1900 barrels daily to 3,917 $50
barrels for the country. This was
somewhat less than estimated
needs during October of 4,066, zoo
barrels as calculated by the bureau
of mines.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Stock Market
Declines Anew
On War News
Losses Exceed Point
at Lows Before Late
stiHenine Develops
BY BROADAN WALL
mt. News service Financial Writer.

NEW YORK, Oct. 29.-Nervous
selling yesterday on the crucial
Solomon Islands battle brought a
lower stock market for the second
straight session.
Losses at the lows exceeded a
point, but a slight hardening in
late dealings cut these down.
Sales totaled 496. $50 shares.
Much of the activity took place in
the first two hours when prices
were at their best.
AMONG WEAKEST SHARES
Weakest shares were the chemi-
Gals. steels, motors and some high
priced specialties- II. S. Gypsum
slumped 2 points at its low and
recovered only part Of this to close
at 561a. Du Pont, u. S. Steel,
Allied Chemical. Chrysler and
Eastman Kodak each were down
at least a point at one time.
Crucible Steel was strong
exception in its group. running up
III to a new 1912 high of 36A
The preferred was strong and
active also.
Fractional setbacks were suf-
fered i'm such shares as General
Motors, Anaconda. General Elec-
trio. u. S. Rubber. Texas Company,
Standard OH OF N. J., Consolidated
Edison and American Airlines.
UNION PACIFIC GAINS
Union Pacific gained almost a
point in an otherwise irregularly
lower rail division.
In the inactive section, Ameri-
can Radiator preferred shot up 8
points to 1853.
Bonds finished mixed. with the
majority of rail liens lower.
Cotton ended so to SIS cents a
bale higher. Grains were irregular.
with wheat closing slightly higher
as others slipped fractionally.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Slight Rise Noted
In Business Failures

NEW. YORK. Oct. 29-Business
failures rose 10 las in the week
ended October % from 1872 in the
preceding holiday week. The slight
rise in business failures this year
compared with steadiness last year
when failures remained at the
same level of 17S for two weeks.
The latest weekly total was 10
per cent under last years figure.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
War Bill Being NeedIessly inflated

Let's pursue this subject with candor.
Failure face the realities has been needessy Initiating the
bill
attempt has been made to create the illusion that amidst
total warfare social gains.
Accordingly have mistakenly continued untmey de-
preston experiments 40-hour week. which
intended O the work
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Nothing Is Settled by Existing Contracts

initiation of through demagogy
relating industrial profits The cockeyed renegotaton law
down TO penalties the profits large the contracts
under the existing law be renegotiated reeyear
period Thus there chronic uncertainty where the
manufacturer stands Nothing settled by existing
AS result big armament manufacturer in Minneapolis
proceeding merely letters of intent from the
or il humpydump economics when manufacturers
rewarded for cutting costs face the hazard of penalties
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Dividends

American Machine and Metals,
Inc. has declared a year-end divi-
dend of so cents per share, to be
paid on Dec. 1, 1912. to Stockhold-
ers of record on Nov. 18. 1912.
Previous payment was Is cents
Oct. Il, 1887.
Westinghouse Electric and
Manufacturing Company has de-
cleared dividend of Is cents on
the common and on the partici-
|pating preferred, both payable
November 80. to holders of record
November 10. A similar amount
was paid on each issue August %.
International Silver COMPANY
has declared dividend of 81 on
the common, payable December 1,
to holders of record November 10.
The same amount was paid in the
three. previous quarters.
Chain Belt Company has de-
clared a dividend of Is cents on
the common, payable November
IS, to holders of record November
10. The same amount was paid
August %.
Lukens Steel Company has de-
clared a dividend of Is cents on
the common from the earnings of
Lukens Steel Company and SUBJ
sidiareis for the 16-week period
ended Oct. 10. 1912, payable No
vember ii, to holders of record
October 81.
Madison Square Garden Corpo-
ration has declared a dividend of
25 cents, payable November 80, to
holders of record November ID.
The same amount was paid Au-
gust 81.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29

Lane Bryant, Inc, has declared
the regular quarterly dividend of
Is cents on the common. payable
December !. TO holders OF record
November 10.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-10-29
Montreal Silver

MONTREAL, Oct. 2S.-The sill
yer market closed steady with
October 39.15 bid. No transactions.