davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
On the
Business
Front
BY WARD SCHULTZ
Detroit Times Financial Editor

Fhen a 16-year-old boy APP
pied to CAB for permission to
start his own airline, that cli-
NAKED the current rush for new
airline routes.
Realization that the postwar
road for the industry is not all
smooth can be had from
study of the new brochure en-
titled "Airlines-l943," which
has been prepared by Merrill
Lynch. Pierce, Fenner g. Beane.
While not belittling the allure
and potentialities Of airline OPP
GRAFTON, the brokerage firm
points out some hard realities
as well.
For example, even with the
July, 1943. cuts, air express
rates average about 20 cents a
ton mile as against 4 cents for
less than-carload freight and
less than ! cent a ton mile for
bulk freight. Comparisons with
ship rates are even more dis
couraging.
On long hops. the pictures
black because TO carry five tons
of freight TO Chungking, China,
il takes IS tons OF gasoline.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Capital City Co.
Nets S270,671

Capital City Products Co. re-
ports for the fiscal year ended
Aug. 81 a net profit of 1910, 81,
after all charges. provision OF
$4,000 for postwar adjustments
and other contingencies and re-
serve of $715.000 for federal in
come and excess profits taxes.
This is equal to S2.72 per share
on the common stock.
Because OF change in the COM
pany's fiscal year, which now be-
gins Sept. / instead of July i,
statement also reports on the two
interim months of July and Au-
gust, 1912. For that period net
profit was S26, $50 or 26 cents per
share Tax reserve for the two
months was S1S.500. No COM
parsons are available.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Auto
Outlook for Tires
May Brighten Soon,
Says Goodyear Official
BY SILER FREEMAN
BY SILER FREEMAN

The tire outlook may look
dark TO every one else but not
TO j. M. Linforth, vice president
Of the Goodyear Tire and Rub
Der Co. Linforth has been visit
ing the Detroit offices of the
company and took the time 10
put little cheer in the somber
picture which emanates from
Washington
1T looks bad right now" he
admitted, but wait three or
four months. The picture may
change over night"
Linforth explained he was not
unduly optimistic without rea-
son. He pointed out that the
company was getting in the
huge Bamberry machines which
make passenger tire building
possible on a huge scale. New
facilities were coming out fast
and even some of the old facili-
ties were being brought back
after having completed their
war work.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13

Tho Detroit stockyards drew
another liberal run Of cattle hogs
lambs and sheep this week In
the cattle yards, slaughter steers
grading average medium and bet
ter we're wanted. but lower grad
ing kinds found a dull, peddling
trade Good 10 choice native
lambs held steady. while buyers
bore down on Gull and common
light lambs. Swine prices contin-
ued 10 decline. barrows and gifts
scaling $50 lbs. downward were a
z on the market and found
now outlet even at the down.
turn.
ChTTLE-week's sslable receipts 4 $50.
Compared last weeks close Slaughter
steers grading average medium and better
steady, lower grades steady 20 uneVenly
lower; price trend on helfers Appropriated
that on steers many thin neshed grass
cows 25-5Oc lower. bulls around steady
good 10 choice feeding steers strong, lover
grades slow, weak
Few good aTO-1 ofi.lb fed steers and
yesrlinEs. Si525 odd head strictly good
yearlings. tla75 numerous loads and lots
medium 20 good shortfed steers xi3 50 u
IS. loadiots 766- .23O-lb. Kentucky grass
eteers, &11 so " 3.sS according 20 slaughter
merit, part load fat e75-lb. weights. $3.50;
rn-dmn native grass and warmed up steers
Sli6i7. common Slo.7s down. most cutter
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Beer Pocketbooks
It's q case OF a q

It's a case OF a champagne
appetite and a beer pocketbook.
The invested capital in all do
nestle airlineS totals only S35,-
O00.00 or less than the cost OF
Pennsylvania Railroads Man
haitian station.
In contrast consider the So
OOO. 600 900 invested in the ma
tons railroads.
The aIrlineS may turn 10 IN
veStors for new captain fact.
some of them already have
made the move.
But here, although the sur
vey doesn't mention this factor,
il seems 10 me that the post
war taxation picture would
have a great effect on whether
the investors Will want 20 pour
billions OF venture capital into
the airlines without the pros
pect Of rich returns.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
M. S. Rukeyser:
M. S. Rukeyser:
Idaho Politicians
Reject Voters Orders

IN THE WEST. Nov. 12An extraordinary testing of
seamlined political tools impending OF Idaho
The situation embraces some OF the characteristics Of the imam
bites dog situation for the politicians proved themselves more
frugal a majority of the
popular election through the the Initiative
the
buons to $40 month for old assistance of the needy
For the the initiative adopted the Legislature
repealed this mandate from the Before the Legislature
acted OF the Legislature asked the
opinion whether the Legislature right
override orders received in a popular initiative
He replied the affirmative and after the Legislature passed
repeal submitted Republican
Bottefsen he also asked for legal opinion from the
attorney general who the opinion
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Profit Attraction

In the days Of the railroad
booms. fortunes were made
over night. Whether a similar
allure can be dangled in front
OF Joe Public depends on both
corporate and individual tax
rates.
Brightest spot in the picture
Is the prospect Of lower cost
p,ene engines and plane con-
iction. resulting from mass
.Bduction technique developed
during the war. This and a
huge backlog Of flying person
mel is like money in the bank
for the airlineS.
But the fact remains that the
sky road Will be studded with
pitfalls and detourS, Just as are
roads on good old terra hrma.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Need Cargo Plane

The answer, contends Merrill
Lynch's survey. is a real legiti-
mate cargo plane. The airlines
haven't one today and the army
cargo ships are "redesigned
transports and bombers.
OF course, all of the plane
builders are working on cargo
Henry KaiSers proposed
200-tonners is an eXample--but
there are problems in this re-
&ct also.
three years Of fast growth
S939-41--the five largest air
lines in the country had COM
bined earnings OF Sl9.000,00O.
That's about what en- tucks
away in a single month!
That three years earnings
wouldn't buy 20 OF these Henry
Kaiser Superliners'
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
15-Cent Dividend
By Cont'I Motors

Continental Motors Corp. has
declared dividend of Is cents Der
share on the outstanding common
capital stock, payable Dec. II, to
stockholders Of record Nov. 20.
The holders of the old no-par
value and the old $40 par value
common stock. issued and dated
prior to Oct. Is. 1885, will be re-
quired to exchange their certifi-
Gates, share for share, for the
present 81 par value before re-
ceiving this dividend.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Threaten TO Use Machinery OF Recall

league OF voters threatening punish the
and the attorney general through the machinery of the
initiative introduced the
This nonpartan league already
circulating recall of both and the
has been only grand
insufficient number signatures has thus far been obtained
other hand sufficient signatures forthcoming
the would apparently have spend 100000 to conduct
special recall election
might similarly try the recall through neglectng to
appropriate a special election.
Apparently the complaint against the attorney general is that
in opinion he hward the public spenders
wanted needy aged And the complaint
against the governor failed take advantage of
opportunity the repeal bill
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Wo|cott Fights
Compromise on
Food Subsidies

WASHINGTON, Nov. II (INS)
Rep. Wolcott (R) of Michigan.
leader Of the House anti-subsidy
bloc, declared today that an adj
ministration move 10 work out
the subsidy deadlock through limi-
tation of funds is mot acceptable
as a basis of compromise"
The movement 10 seek some
compromise formula to apply
when the Commodity Credit Corp.
bill comes up for House action
next week was launched at O
White House conference yester-
day.
81 believe President Roosevelt
closed the door to compromise
In his messages to Congress and
the American Federation of La
Dor convention" Wolcott said.
"Tf II Is all right TO pay con-
sumner subsidies up to a certain
point. ID follows that Congress
sUOulu HiNt tUC AutHHtitSthS tiOn
the money to do the whole job.
All they want Is the authority
to subsidize--they'll find their
own money when it's needed"
The proposal being considered
by administration leaders, it waa
understood. involves acceptance
of Commodity Credit Corp funds
to pay consumer subsidies on food
products. In the pending CCC
extension bill, the House banking
and currency committee bans use
of CCC funds to pay such sub
sides after Dec. 81.
! Wolcott admitted that should
the administration muster enough
votes 70 sustain presidential
veto on the bill in its present
form. such a compromise might
have to be accepted as a last re-
sort to preserve the Commodity
Credit Corp. He said:
WED have to give IL con-
sideration In order to salvage
something out of the CCC-but
we're not crossing the bridge
until we come to IL. believe
now we will have enough votes
to override a Veto"
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Seaboard Railway
Calls Certificates

NEW YORK. Nov 12-Federal
Judge w. Calvin Chestnut of Bal
timore has signed an order pro-
viding for redemption on Dec. 10
of the 1891 600 receivers certif-
icates of Seaboard Air Line Rail-
way at par and accrued interest.
Under the proposed reorganiza-
ton plan of special master Tazc-
we'll Taylor, redemption OF the
certificates would have the effect
of releasing IS. $50. 40 Of new 40
year first mortgage bonds for dis
tribution among other securities
holders.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Expanding Program

Discussing the postwar pros
poets, Linforth predicted that
the rubber industry would be
far ahead of the automobile in
dustry in recovering.
I'VE have never been too far
away from our normal bust
ness" he explained.
Linforth predicted a big ex-
pansion in the farm program
after the war. Good progress
had been made before the war
to put the farms on tires and it
will be greatly accelerated in
the postwar period, he said.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Pennsy Votes
$3.50 Dividend

PHILADELPHIA. Nov. u
(INS)--The board OF directors Of
the Pennsylvania Railroad Co. to-
day declared a dividend OF 3 per
cent or $3.50 per share upon the
carriers capital stock. II Is pay
able on and after Dec. 10 10
shareholders of record az the
close Of business on New. 20.
The dividend represents Sl9.-
1861 melon. there having been
20S.67S shareholders with total
of 13.l57,754 shares OF capital
stock as of last June 30.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
BONN Lists 9-Month
Net at S1,b7,937

Bohn Aluminium and Brass
Corp. and its subsidiaries for the
nine months ended Sept. 80 re-
port a net profit of $1,567, 937
equal TO S4.45 share. as against
S1,621. 126 or $3.50 a share in the
1912 period.
Net is after provision of So
l90,674 for federal taxes. postwar
adjustments and renegotiation. In
1912 period reserves totaled So.
9S4 sos. No reserve for renego.
tiation was provided a year aR0,
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Confident Of Progress

Linforth was asked about the
quality of the synthetic tires.
They're still long way from
being perfect" he admitted.
But don't self our engineers
and chemists short. They will
work II out, II the war lasts
long enough"
Linforth said a proving ground
for new tires had been set up in
Arizona because of the ideal
conditions there.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Install 3 White Potato Starch Plants

In describing the significance of the activity in making
agricultural Ralph F. Gale secretary Idaho
farm chemurgc committee recently revealed:
potential subject
which has come rapidly to the foreground In Idaho
THE installation white starch plants producing
100000 Gull potatoes
vegetables dehydrating
production
material making the consideration
waste disposal q timely topic for chemurgc research.
The pulp stock feed in both the wet and
interested the possibility
MAXI pastics 1.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Progress Rapid

For example," said Linforth,
"our. Jackson plant, which sup
plies the Detroit area with tires.
IL has been reconverted after
making three-inch guns and IL
helping out the situation. There
will be others, too.
Progress in the rubber bust
ness Is very rapid. We are get
ting the necessary machinery
much faster than we expected.
We will have almost half of our
Bamberries by the first of the
year. That will give us a good
start"
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Livestock Markets
prTTsp,rRcH Nov 70 TNs, r.

PITTSBURGH. Nov. II ONs)-CATTLE
$50 steady. Steers, good 10 choice. SIC
n is so; medium 10 good SIC; common "a
medium. S12nl5; heifers. good 10 choice
slS. 500 Il: medium 70 good, $40 n IL so
common TO medium. x7.50Te so: cows
good 10 choice. Sl0Mii; medium 10 good
81 30 u 90, Gamers and cutters. S6TT. so:
bulls. good TO choice, Sl2Ml275 common
TO medium. ss.50uli: grass steers. 50 n
10 SO
HoGs-3o0; active az steady prices with
choice a. sis.05; i60-ls0 lbs. sl3ml375:
10000 lbs. Si3. s0Gl3.e0 2o0-22O lbs
S13 s0n - 90; 220 $50 lbs, 3.75ml3 90
250-2eo lbs, si3 so a 1913; 2e0-350 lbs
Sl3ff 10. SO; 100-150 lbs. $ll.25a12 rs;
roughs. Si1.75ai275
SHEEP-l0O; steady Choice lambs,
$3.50 i4.25; medium 20 good clipped
Sll n ID: common lambs. clipped s5h7.
ewes. clipped, 81 50 n s. so; wethers, clipped.
81 50N s. so.
CALvEs-i25: steady. Good 20 choice.
SIS. 500 1880 medium. Sl0n12.50 me-
dunn 10 good. si2Ti4 culls and common.
Sin so.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Groups Cooperate TO Lick Economic Handbags

Perhaps nothing will come of the agitation but the confused
situation question whether early twentieth century
political tools the initiative and recall help to
mote good government
Business farm and educational leaders in Idaho
operating handicap Of high freight rates
shipped 10 remote consuming cenrs hey
hope reduce the bulk of agricultural products to be shipped out
dehydraon For this purpose
chemurgc research for the
College OF Idaho at Caldwell The
OF the material from
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Provide Another Use for Farm Wastes

idaho working the utilization wastes
with characteristics suitable
merca be produced at price which will make them
materials other This
another grade
competitive market In the
postwar period"
simple for and methods is synnpomac
science Offset the destructive
eGects Of through inproved uiza ion OF products
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Wheat.
Oats Up;
Rye Eases

CHICAGO, Nov. y QNS)-
Wheat and oats futures closed
moderately higher today after
being on the upgrade in fairly
active post-heliday dealings.
Wheat closed &c to &C higher
after ruling Ssc TO &c up earlier.
Oats finished NC 10 &C up and
moderately under the high.
Rye was easy and closed &c 10
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
WINNIPEG CASH GRAIN

WINNIPEG, Nov. II ONs)-Rys closed
"a higher 10 &C lower today
RfE-Deeember. S1.i4: May, Siii4
bid July, 1908 d10sM
OATS December 81 NC hid
BARLEY Il December, sac bid
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
POTATO OUTPUT

The wheat estimate was un-
changed from month ago at
S35 ,8l6,0 bushels, compared with
98l 1927 900 bushels last year.
Production Of potatoes was esti-
mated at 469, 092 900 bushels, COM
pared with 81, 10000 bushels last
year, and sweet potatoes at U.s.
801 900 bushels, compared with
65, $50, 900 bushels last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
ToIFDo CASH GRAIN

TOLEDO. o, Nov. II 0Ns)-Cash
grain on track
WHEAT-No. ? red. soft. sis3l1
CORN-No. yellow, 81 e6d1.O7 No. ,
yellow, 81 Of1i O5
oATs-No. 2 white, soI1 Gs1hc: No. 3
, white. 1914 n s0hc.
soYBEANS- 2 yellow yis5Gl
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
CHICAGO

10000. steady 10 Csc higher. top. 1878:
heavies, si3.s5H 1875: mediums si3 rs;
lights. sl2 75T 10 40: light lights. xi26
Is packing sows, sl2. ooQ l3 pigs, $40
CATTLE-2 500: steady Calves. TOO:
steady Beef steers: choice, si5nie 90
medium, sl4n IS; yearlings, s121 10.
Butchers hefers sl0gls: cows $50
II 80. bulls, SO l2.75 calves. seT15;
feeders, S10Gi3 Stockers: steers. siIG
u cows and heifers, ssGl2.
SHEEP--l2 500: steady; lambs. sI3M
- so: common. sl2d 10: yearlings so so
@ .50 feeders xll n 10: ewes. 500 40.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
CHICAGO CASH GRAIN

tHi' 400 CASH GRAIN
CHICAGO, Nov. IL tINs) Cash grain
close
WHEAT-No. s hard. 81 80
CORN--None
OATs-No. ] mixed. $50 s5ikt. No 2
mixed. s5hc; No. white s7i4c No 4
white. size. sample white 1914 n zee
No. red, special, s4iSc
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
YIELD BELOW 1912

The department said the aver
age corn yield per acre of corn
would be 1927 bushels, compared
with 35.5 bushels last year and a
1924 average of 24.9 bushels.
Early frosts caught corn in
some southwestern Minnesota and
North Dakota counties, the de-
partment said, but dry weather
generally aided in harvesting OF
the large crop
The department estimated the
tobacco crop at 1,400. 1913, 900
pounds. compared with 1,412 ,437,-
900 pounds last year. Production
of peanuts was estimated at D.
6Sl ,955.000 pounds. compared
with 2,206, 935, 900 pounds last
wear.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
t943 Corn Crop
Near Record at
; Billion Bushels

WASHINGTON, Nov. - CUP)
The agriculture department to-
day estimated the 1913 corn crop
at BOSS ,652, 900 bushels, second
largest in history.
The department said Nov. ]
conditions indicated a / per cent
increase over expectations of a
month earlier and a total crop
exceeded only by that of last
wear.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13

Dividends In the foregoing table are the
amounts declared or paid 90 far this year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-11-13
Earnings

FEDERAL MINING AND SMELLING
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1943-04-14
Sayings

CONTINUED from Page One)
stolen the boys shoes. socks and
a cheap watch.
Sheriff Vincent said he first had
believed the deaths OF Donald and
Milo had been accidental, when
their bodies were discovered Sun.
day. Later, he said he questioned
seven other small boys who said
they had happened along shortly
after the crime.
THE boys said they talked 10
Milo Flindt. who still was alive,
Sheriff Vincent reported. They
said they we're afraid to report the
incident because they thought they
would be blamed for 1t. Later,
however, they told their parents
about what they had seen"
Donald Mattas was the son OF
Mrs. Evelyn Mattas. a Denver Ord
nance plant worker who came from
Los Angeles in June 1912. Milo
Flindt was the son OF Mr.. and Mrs,
Vincent Flindt. Flindt also works
at the war plant.
The accused youth said he was
born in Toledo, o. He said his
mother and father were divorced
and that his mother had remarked.
She now lives in Denver. He said
the only other time he had been
in trouble was last year when he
stole a car at Texline, Tex.
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1943-04-14
WarChest

CONTINUED from Page One)
Chinese labor, 1913, In full; French,
S42, in full; Maple Leaf Fund,
Canada, Sss, in full: United Yugo-
slav, $50, quarterly; United Sea
mans Service, sl1250, quarterly
The appropriations correspond
to the ratios advised by the Ma
tlonal Budget Committee, set up a
year ago by President Roosevelt
and Relief Board OF the National
Community Councils Committee,
who decide which foreign groups
shall receive the community
moneys.
The local Appeal Board appro-
priated s3,40212 in its Hrst quar-.
terly meeting, making a total 10
date OF $6,57139 plus the special
grant to the Seaman's fund. The
fiscal year was started with $4,000.
There is an unallocated reserve in
the treasury OF $4,000 to care for
emergencies and another $4,000 is
expected to be obtained from the
Willow Run Community Council
employees pledges which will be
the Ypsilanti board share.
August Keller is chairman OF the
Appeal Board and Paul Ungrodt
is secretary. Secretary Ungrodt
gave the 10 members at the board
meeting Tuesday a financial re-
port.
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1943-04-14
War

Continued from Page Onel
three weeks: Nazis massing troops
supplies in many sectors; Soviet
plloted L. S. planes reported aid
ing Red armies inl arge-scale aerial
fghting; German pressure shifts to
Leningrad sector
Southwest Pacific-Gen. Mac
Arthur siunds new warning that
Japanese are set for big aerial
offensive, says naval forces can.
not save us II we lose the air (;
Allied bombers pound enemy ships
off New Guinea, probably sing To-
0OO-ton vessel, set S,000.tonner
afre
On the Tunisian front, communi-
que No. 159 from Allied headquar-
tiers said Gen. Sir Bernard L. Mont
gomery's British eighth army van
guards continued TO advance TO
the north and made contact with
enemy prepared positions between
enGdayllle and the Djebel (moun.
tain) Bou Hadiar.
Enfdaville, the southern anchor
OF Rommers NJ 100-mile-long de-
tense zone, lies 90 miles below
Tunis. the capital.
"On their left the communique
said. French forces continued
their advance.
The British first army made
further advances in the Medjez-el'
Bab.Munchar sector in the face Of
enemy opposition yesterday and
during the previous night"
Medjez ell Bah Is SO miles south
west OF Tunis.
The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1943-04-14
Supervisors

Continued from Page One)
ton committee, made request that
the Board OF Supervisors adopt a
resolution asking the federal gov
eminent to provide funds here for
the payment OF some new federal
employees who would function on
the Washtenaw.Wayne County rec.
reatlon committee. The matter was
referred TO committee consisting
Of Donald Comstock, Emery Mulhol
land and Frederick Williams.
The Board also received a request
from the sheriff's department ask.
ing for an increase in the salaries
OF deputies in the sheriffs employ.
The request was referred to the
board committee on salaries.
When the Board of Supervisors
forwarded TO L. S. congressman a
resolution introduced by Supervisor
Donald Comstock condemning the
importation by the L. S. govern.
ment OF japanese farmers into this
county for agricultural work. Sena.
tor Homer Ferguson and Repre-
sentative Earl c. Kitchener made
routine acknowledgements OF the
supervisors protest; but L. S, Sen.
ator Arthur Vandenburg wrote the
board a letter which was read at
Tuesdays meeting. stating that he
was in accord with the view ex.
pressed that there should be no
Japs imported into Washtenaw
County and that he was going to in.
troduce a resolution in the Senate
calling for the prevention of such
an act