davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
Livestock Markets
DIET ROT

DETROIT
CATTLE-Receipts, 1000. General kill.
ing quality steers and heifers very plain,
such kinds without reliable outlet scattered
sales weak 10 Csc lower. Not enough dry.
lot cattle on sale 10 make a market, but
undertone steady Cows another Csc lower
following Mondays fully Csc lower close.
Weighty bulls active, fully steady; spots
25c higher; light and medium bulls soou,
steady. Truck lot, strictly good light fed
steers held above SIS. so; odd lots. common
to medium native grass steers. x10H - so:
odd head smooth fat grass steers 10
head good; i,0i0-lb. fed cows, S11, most
fat native dairy type cows. $9.251l025;
Gamers and cutters. S6.50ds.75 most
weighty sausage bulls, S12a12.25; odd
head strictly good. 10 $3.50.
CALVES sslshle. 500 Market about
steady. Bulk good and choice vealers. ST.;
odd head. strictly choice. 10 $3.50, com.
mon and medium, Si3I so
SHEEP-salable, 100. No early sales
spring lambs, asking steady; undertone
Good 10 choice spring lambs held S14. so
and above late sales Monday Si4.501
rs. mainly Si4 so. sheep. market steady.
Common to good slaughter ewes, 81 .50g7.
PITTSBURGH
PITTSBURGH. sept. 1 UNs) CATTLE
Receipts. 1875 market steady. Steers
choice. Sfi.50q IS so: medium ~ good, sI3
p "a common. Si0T12 80; heifers. medium
10 good S12 - so. common. SIS rs n 10. rs f:
cows. medium 10 good, Ss50de25: can
ners and cutters S6as5O. bulls, good to
choice. sli 25q - So common 70 medium.
HOGS Receipts. 200: market steady.
l6osts0 tbs. S145S1 1873, 10000 lbs.
So $50 1873; 2Oo.220 lbs, Sl4.65a14.75:
22o-2So Ms So 5oa1f rs; 25o-2eo lbs .
Si4 1914 50; 300 400 lbs S14d15; 100
$50 lbs. Si3ai44o: roughs s12 Us q 1925
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
Crude Oil Output
Increases Slightly

NEW YORK. Sept. domestic
crude oil output in the week ended
August % is estimated by the Oil
and Gas Journal at 3.971.4S5 bar
rels daily. an increase of 1920
over the preceding week.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
Good
From W. ar
Factories
by International News Service

by International News Service
MORE ACCOMPLISHMENTS ae-
tivity in New England reached an
all-time July high this year with
more than as per cent of the wage
earners in manufacturing estab-
lishments being employed in war
work.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
Store Sales Decline
In New York Area

NEW YORK. Sept. 2.-Sales in
New York and Brooklyn in the
week ended August % were Is
per cent below year ago, accord
ing to the preliminary report of
the New York Federal Reserve
Rank
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
MCLoufh Steel Co.
Votes 35t Dividend

McLouth Steel Company has de-
clarcd a dividend of scents. pay
able September Is 70 holders Of
record September :.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02

MORE CLOTHING-The army's
Philadelphia quartermaSter, corps
has awarded contracts for $4,000
6,400 officers overcoatS
and 10000 units of herringbone
IYsHl eliot hing
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
On the
Business
Front
By WARD SCHULTZ
Ipctroit Times Financial Editor

First National Bank payoffs
have made good reading around
Detroit for years. but ali too often
hopes of dcpositorS we're huoyed
with predictions Of an carly dis
burScmcnt. only 10 be crushed as
weeks and months passed by with
out payof.
\ good example Of This was the
story which broke on June = of
this year. 4 paper. not the
LINES. carried this lead para
graph.
"A $4,000. 900 interest diNi-
dend 20 depositors of the de-
funct First National Bank il In
the immediate offing and prob
ably will be paid next month, il
became known today"
Certainly, or the basis Of that
article. the depoSitor was entitled
10 expect early action.
However, AT that time this
Column offered this warning:
"DepOsitors Of the First Ma
tional Bank had best not plan
any expenditures next month on
the strength Of an anticipated
payoff,
1.-THE truth Of the matter II
that payoff il physically inn
possible in such short time
even IL the deal were approved
today
at Is estimated that the
earliest a disbursement could he
made II IL were approved lmme-
diately is about November"
Yesterday. Receiver b. {. Schram
petitioned the court for approval
of the sale OF assets 10 a private
group and he said that the payoff
would probably be made around
December l. If the plan is okayed
Wolverine Tube division Of
Calumet and Hecla Consolidated
Copper Company now has APP
proximately IL per cent of its
employees In the armed services.
This brings the total on military
leave from the company's plant
and office TO more than $50.
These men are In all branches
of the service and I'm addition
20 being I'm various locations
within our borders, they are
located In all parts of the
world: from the Aleutian Is
lands to the Panama Canal, and
from Iceland TO Australia.
Men are sfill Joining the armed
services from Wolverine mt the
rate of about ~ to Is per
month.
And that reminds me that KEEL
sey-Hayes Wheel Company re-
portedly has posted signs stating
that while every worker was
valuable. il was also their duty to
serve the country and the com
pany would not claim occupational
deferment in any case.
Many other manufacturing firms
are doing likewise.
And by contrast. a bank here
tried 10 get occupational defer
ment for its branch managers.
Needless to say, IL was turned
down.
Stanley Tobln, former pub
licity director for Geyer, Cornell
Il Newell. Inc, has joined the
public relations STAFF Of n. w.
Aver 4 Son, Inc.
Stan was well known TO most
Detroit newspapermen. having
served many Detroit accounts. /
Including Hudson Motor, Nash
kelvinator and Eureka Vacuum
Cleaner Company.
He'll work out Of the New
York office in Rockefeller (
Center.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
BAD BOOKKEEPING

If the rail management were
both prudent and unfettered, they
would take advantage of current
peak earnings TO make drastic
writeoffs for the obSolescence
which is surely taking place.
1t is bad bookkeeping for the
rails to deplete themselves of cash
through excessive wartime distri-
buttons of dividends and taxes.
But unfortunately rail manage
ment. even if as wise as job, has
no discretion over tax liabilities.
In fact, the railroads are not
only subject to regular corporate
income taxes and all varieties of
local and state property and mis-
cellaneouS taxes, but also to the
federal excess profits taxes.
II is bad finance 10 blink our
eyes at the facts and assume the
railroads are facing bonanza.
What they really are confronting
is potential opportunity in cur
rent peak gross earnings to bale
out of fix caused by
quickened depreciation and obso-
leSCcnce OF their facilities.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02

MORE ALCOHOLICS nation s
liquor diStillerS are expected to
complete voluntary conversion to
war production of ethyl alcohol by
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
Detroit Stocks

Hsie- Hirh. Tow ~ mn Ch' x
DC NsFivsin 500 AZ ~ a.
Graham Page s00 e3 IS ea.....
knEsin PEE Is 7rd - J. tM..
Dividends IN the furr sOing table are the
amounts declared NJ paid 40 fer this year
unless otherwise noted. calculating divi-
dend. hon accommodations. eI-EN dividend,
s-StOek dividend.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
MORE STEEL

MORE STEEL Production
schedules call for the nations steel
industry to operate at 976 per
cent Of capacity this week. an in
crease of three-tenths of l per
cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02

Pittsburgh Plate GLASS Company
has declared r dividend Of - cents
payable October ! 10 holders Of
record September 10. Same
amount was paid July 1.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
What Is InHafion7
What Is InfIafion7
Growth of Credit
Quickened by War

Ths IS the second article in series by Mrrye Stanley
RWkeyser noted Wrer
imitation crisis)
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
MORE HONORS

MUhE HUNUhN - Hp 7 IIF-
stone Tire and Rubber Company
has received the Joint army-naVy
f for excellence in war production.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02

The significant fact which stands in the foregoing figures
that the the banks that
Of century 95 cent out of government action and only
borrowings growing industry
credit needed
the country that period during which number
ganfuly employed persons by 20 per
climbed $50 per money-coun OF the
national income increased by 1l9 per cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
LIGHTER EQUIPMENT

These trends toward lighter
equipment were already before the
war fast rendering obsolete any
character of old rails. equipment
and other railroad facilities.
Under the aegiS of federal regu-
lation, many rail executives had
long been living in a fools para
disc, kidding themselves as to
railroad earnings by making in
sufficient writeoffs for depreciation
and obsoleScence.
Now with the imminent post
war radical changes in transporta-
ton, the railroads should put their
financial house in order.
They should avoid long-term
debt against ephemeral types OF
property.
The rails are now in the midst
of a boom in gross earnings Incl
dental 10 the war. They are car
rying colossal quantities of freight
and an unbelievably heavy passen-
ger load. In addition to regular
business and traffic growing out of
the armament boom, the rails are
involved in heavy troop move
mentS.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
Unlisted Stocks

Approximate prices furnished by the Ma
.ionsl Association OF Securities Dealets,
nf ~ ~ Nn
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-02
RAILS STREAMLINED

These projected revolutions in
transportation will undoubtedly
step up the rate of obsolescence
in railroad property and equip
ment.
Already before this war, signifi-
cant changes in streamlining rail-
road equipment were under way.
Light stainless steel cars and
Diesel locomotives were opening a
new and changing era in railroad
transportation.
In addition, vast changes were
under way in making passenger
sleeping much more comfortable
and modern. Likewise. there was
a trend toward undermining and
identifying dining cars, lounge
cars and coaches.
Evening star., 1942-11-25
Green and Murray Urge
Postwar Labor Unity

NEW YORK, Nov. 25 (P.-The
presidents of the CIO and AFL agree
that the unity shown by those labor
movement factions in the war effort
should have postwar counterpart.
AFL's William Green told 5000
representatives of both wings at a
British War Relief Society, labor
division, dinner last night:
Il hope that before the war ends
labor in America will be united as we
are this evening"
CLOS Philip Murray promptly sec
onded the sentiment, and Mr.. Green
declared:
If we can unite in such a worthy
cause British relief as that which
brings us together this evening, then
why cannot We carry unity a little
further?"
Mr.. Murray, calling Mr.. Green
MY good friend" asserted that the
AFL leaders remarks would inspire
negotiations between the two organ
izstion's, scheduled to start in De-
cember. Said Mr.. Murray:
II have no desire to be an OBJ
structionist. I never was and
n6Rer will be-"
Ernest Bevin, British Labor Min
lister, declared in a cable read to
the gathering that British -Ameri-
can labor collaboration brought on
by the conflict would clay the foun-
dations for full cooperation in
peace"
Society President Winthrop w.
Aldrich said his organization had
received s22,00o,00o during the last
three years.
Evening star., 1942-11-25

Employment Service functioning on
national basis.
Prior to January / this service
was operated by the several States,
and since that date it has had 80
per cent turnover in personnel due
to a low pay scale which Congress
refused to rectify.
Congressional sources also pointed
out that he is finding it difficult to
get industrial engineers to accept
appointments because of the Willis
clause in an appropriations bill call
ing for Senate confirmation of all
manpower appointments of $4,50O
and over.
Needed to Check Hoarding.
These engineers are needed to
carry out Mr. McNutt's labor utiliza-
ton program, which is expected to
break up boarding now reported be
practiced in many war industries
plants. The engineers are also
needed in carrying out the commits
sion manning table" program,
which would permit an orderly flow
of unskilled and semi-skilled workers
from war plants into the armed
services.
Congressional sources also stated
that Mr.. McNutt was getting the
support of management and labor
because of his consultation policy
with their representatives prior to
reaching a decision. The commits
sion is reported to be one of the few
agencies where there is no conflict
with either labor or management.
Evening star., 1942-11-25
National Gypsum Cuts
Common Dividend
To25Cents a Share

By the Associated Press.
NEW YORK, N. Y, Nov. 25.-
Directors of National Gypsum Co.
have declared dividend of Is cents
a share on common stock, payable
December 80 to stockholders of rec
ord December %. The previous
common dividend of 40 cents share
was distributed on December 20
1941.
Illinois Bell.
Illinois Bell Telephone Co. de-
clared a dividend of s1.50 a COM
mon share, payable December 81
to stockholders of record December
18. The company paid 81 common
share in the December quarter Of
1941. Virtually all the common
stock is owned by the American
Telephone & Telegraph Co.
J. 1. Case Co.
j. I. Case Co., manufacturer Of
farm equipment, declared year.
end dividend of $4 common share,
payable December "a to stockholders
of record December II. This will
bring total 1912 dividends to 81, the
same as in 1941.
Evening star., 1942-11-25
Washington Produce

BUTTER-93 score. tubs. 40: 1-pound
sns seope.' tubs. 14i7h I.psund prints, IS; u:
l-pound prints, 47A:- A-pound prints
Az; N-pound prints, A.. SO score, tubs,
46: l-pound prints. 46la: A-pound prints,
AZ; SS score, tubs, 45A: 1-pound prints,
45A A-pound prints, 46A.
LIvEsTOCK-Calves, 10; SPRING lambs
From Agricultural Marketing AdmiAds-
trstion, prices paid net fob. washington:
EGGS-Market steady; prices paid Tor
Federal-State Graded eggs RECEIVED from
grading stations tNovember 25): Whites,
o. s. extras, large, bO-63; average. b2h;
q. 8. extras, medium, 43-44: averase.
43h: q. 8. standards, large, As; y. 8.
trades SO: browns. o.. 8. extras. large,
5O-52; averase. 81; q. 8. extras, medium.
411a-43; average, AN: q. 3. standards,
D. s. trades 36-38M: average. 38h; ar
rivals Of nearby ungraded egEs seasonally
nominal; whites, 4O-41: MIXED cofors,
3S-40; receipts, 0ovcrnment-graded eggs,
IIvE P;ouLTRy--M.rket steady; fowl.
colored. 5 pounds and up. 1924: under
3 pounds, 1928; roosters, mixed colors.
1919: chickens. Delaware, Virxinia and
MARYLAND. Rocks and crosses, brotlers and
fryers. Al Sizes 24-26: turkeys youns
toms .32-S5: henk S3-34; some IS; Old
toms, hens and No. %, IS.
Evening star., 1942-11-25
Electric Auto-Life
Reports S3,633,932
Net in Nine Months
Result Well Below
A,749,827 in Some
Period Lost Year
By the Associated Press

BY the Associated Press.
NEW YORK, Nov. 25.-The Elec-
trio Auto-Lite Co. reported today its
net profit for the nine months
ended September 80 was $3,633, 1892,
equal to 5000 share, against a net
Of $4,749,827 or $397 share in the
comparable 1941 period. In a letter
to stockholders President Royce G.
Martin said the company recently
had arranged for a l7,000, 900 bank
credit to finance war production.
Rayonier, Inc.
Rayonier, Inc, reported $l,078,2 ,298
net profit or At cents a share on
common stock after preferred divi-
dends for the six months ended
October 81, the first half of its
current fiscal year. That compared
with $1,770,743, or $1.19 a share on
common. for the 1941 period.
Fairchild Aviation.
Fairchild Aviation Corp. showed a
net profit for the nine months ended
September 80 of $500 ,568, equal to
s199 a share, against $685., 1888, or
$l98 share, in the comparable pc
riod of 1941. The company deducted
30 per cent of its earnings in 1912
to cover estimated Federal income
and excess profits taxes, without
considering any postwar refund.
Taxes in 194l were provided for at
the rate OF 60 per cent OF earnings.
Evening star., 1942-11-25
Industry Develops
F|exibi|ity 10 Meet
War Changes
BY the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 25.-The Iron
Age said today airplanes and ships
we're at the top of industry's must
list" and would take precedence in
any conflict for materials with other
weapons.
Results in this sweep of emphasis
from one type of weapon to another
will show the United States industry
has become as maneuverable as the
strategy of the armed forces" the
steel industry trade journal said.
Lessons from experience in North
Africa and In other theaters of war
are being rapidly learned in the
Nations workshops" it said, adding
that full details of the changes in
production would await the outcome
of the North African campaign.
THAT more ships, planes and
bombs are going to be made in 1943
than had been originally planned
was disclosed early this week. The
shift in production emphasis, marked
by decreases in programs for manu-
featuring tanks, small arms ammu-
milton and other ordnance items,
may become more marked as soon
as the showdown fight over control
of production is settled"
Evening star., 1942-11-25
Chicago Livestock

CHICAGO. Nov. .25 LP, u. s. Dept
and choice 19o-325 pounds. 13.4O-55: top,
u so; good and choice 10000 pounds.
13.00-45: sows steady to mostly 10 lower;
good and choice 300-5OO pounds, 13.4O-
55: few early, 1850
salable sheep. 5000; total, $500: late
Tuesday. fat lambs strong to is higher:
other slaughter classes steady: bulk good
and choice lambs. 151O-4O to ali inter-
ests: top, $50 to city butchers; medium
to good lots. 14.5O-15 800; three decks
good and choice spring shorn yeariings,
400; bulk medium to choice, 10 .bO-1375;
common to good slaughter ewes, $780,. 90:
today's trade; Early. bids and few sales
lat lambs weak to s lower: fed decks good
70 CHOICE fed Western and native lambs.
1925: best held above Is 80; deck good
clipped No; l pelts, 14.75 good to choice
yearlings, 13 .60-14 90: common to medium
ewes; 6.40-50; load Aeshy feeding lambs,
salable cattle. $500: calves, 1000; fed
stances 25 up on choice offerings; early
top II ;3b; some held higher; several loads.
10 20; light yearlings. 1875, and
long yearlings, l71O:, broad demand on
medium to good grades at 12.75-4 rs:
meolum stockers scaling 100000 pounds
active at 11.OO-12.25; good to choice
stock cattle steady. 13.0O-14 25: choice
caves to 1900; fed heifers steady; best
1910; cows and bulls strong to Is hieher:
instances 25 up on bulls: weighty sausage
oHer1nss, 1885; vealers steady at 400
Evening star., 1942-11-25
Chicago Grain
By the Associated Press

By the Associated Press.
CHICAGO, Nov. 25.-A revival of
flour business today touched of
enough buying in the grain futures
pits to lift wheat prices almost a
cent while rye was up almost 2 cents
to best levels of the month.
Substantial flour sales were
reported in some localities and on
the whole business was believed by
grain traders to have been the best
in almost two months. Some rye
flour sales also were reported but
traders attributed the bulk of buy
ing in that pit to short covering
prior to the holiday.
Wheat closed 5s-7s higher than
yesterday, December 1.255s-1.25a ::
May 1.293s-129s.: corn, UNCHANGED
to 1s up, December, 83ss, May 881k
oats, unchanged to ,s up; rye, 13s-
Ia higher; soybeans, "a off to 4
I'D.
Evening star., 1942-11-25
Monpower
Continued From First Page.)

ization Of the Nations productive
manpower as we'll"
Representative Tolan and Senators
Kilgore and Truman are chairmen
of congressional committees which
have been investigating labor supply,
material output and contract awards.
They have announced their support
of the measure, which the Labor
Committee plans to have ready for
Senate action prior to December Z.
Board Headed by Eberstadt.
Their statements followed testl-
n1ony by George c. Brainard, chief
of the WPB machine tool division,
and staff members of the Army and
Navy Munitions Board which has
been infiltrated into the War Pro-
duction Boards setup. This board
was headed by Mr.. Eberstadt.
The subcommittee went into exec
utive session to hear the testimony
of Mr.. Brainard and munitions board
officials. 1t is understood the COM
mittee attempted to get from these
witnesses the boards accomplish
ment under Mr.. Eberstadt's direc-
tion.
Mr.. Eberstadt has been mentioned
as a strong possibility to head a GEN.
trail agency, which congressional
sources claim the President pro-
poses to set up under an executive
order. Mr.. Roosevelt, at press
conference late yesterday, denied
that he planned to establish such an
agency. He did state. however, that
he expected early a0tion on a man.
power reorganizai1nA.
Prefers Present System.
The President declared he be-
Geved the present system Of having
WPB, Army and Navy officials work
out their problems together is sue
ceeding very well.
He said those who have been
saying there would be q single mar
Evening star., 1942-11-25
FOREIGN Exchunae

NEW YORK. Nov. 25 P.-Late foreign
exchange rates follow tGreat Britain in
dollars. others in centsl:
Canada-Onicial Canadian Control
Board rates for United States dollars: Buy
ing, 10 per cent premium selling, IL per
cent premium. equivalent to discounts on
Canadian dollars in New York Of buying,
0.91 per cent selling. 900 per cent
Canadian dollar in New York open mar
ket,. 11lt per cent discount, or 1881 VI
United States cents.
Europe: Great Britain official Bankers
Foreign Exchange Committee ratesl: Buy
ing, 4.O2: selling. 4.O4, open market: ca
Latin America-Argentina official.
2a.77: free, 90 SO. up 1I1OO cent; Brazil
official, 6.O5n: free, 5.2On: Mexico, 20 66n.
Rates in spot cables unless otherwise
Indicated
Nominal.
Evening star., 1942-11-25
Labor
Continued From First Page. J

Building Trades Union, the AFL
announced.
Meanwhile the War Production
Board appointed yesterday the first
of number of labor men to act
as special assistants to divisional
directors
Matthew j. Burns, the appointee,
will become special assistant to
A. G. Wakeman, director of the
pulp and paper division.
Mr.. Burns for many years served
as general secretary and president
of the International Union of Pa
permakers, AFI.
Evening star., 1942-11-25
Power Output Soar,
To New High Mark
During Week
Climbs 16.9 Per Cent
Ahead Of Year Ago,
Pacific Coast Leeds
BY the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 25.-Electric
power touched new record peak
in the week ended November 81, the
Edison Electric Institute reported
today.
Output of 3,795, 1851 900 kilowatt-
hours compared with 3,775 1878 900 in
the preceding week, which also was
record, and was 169 per cent
higher than 3,247, ,s3S 900 in the like
period of 1941.
The Pacific Coast continued to
lead other sections Of the country
IN point of gain over a year ago
with production up 27.8 per cent. In
the preceding week the gain tor
that area was 26 per cent.
Percentage increases over 1941 in
other areas we're: New England.
10.6; mid-Atlantic, 9.8; central in
dustrial. l42; west central, 1873;
Southern, 25.8 and Rock Mountain,
lib.
Construction Declines.
Engineering construction volume
declined to $65 1923 900 in the four
day Thanksgiving holiday week end
ing November 26, compared with
$100, ,060, 900 last week and $110,,331
900 in the same period year ago,
Engineering News-Record reported
today.
Gasoline Stores Down.
Stores of gasoline. as we'll as both
types of fuel oil, declined in the week
ended November "a, the American
Petroleum Institute reported today.
Supplies of residual, or heavy, fuel
oil decreased $4,000 barrels during
the week to a total of 77,779,0OO,
while gas oil and distillates, or
light fuel oils, were off $4,000 to
1854 900.