davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18


chairman OF the board of trus-
tees Of the new committee,
which will ultimately work
through 1000 local committees
and through trade associations.
He said that the national COM
mittce can contribute 5 per cent
10 the individual business mans
personal postwar plans and the
local committees 10 per cent,
leaving S. per cent Of The job
for the business man himself.
But the thought is that the
committee can serve as A clear
ing house for data, ideas and
for news about what other bust
ness men in other communities
are thinking and doing In adj
dition 10 such distribution Of
available material the commit
tee is also financing original re-
search on the economic problems
of transition from war econ
omy 10 a peace economy under
the direction Of Theodore O.
Yntema. on leave as professor
of economics at tho University OF
Chicago. Prof. Yntema prom
iseS 10 start issuing the findings
Of the research group piecemeal
nv fbp summer
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
The Mixed Meals

And while speaking of hotels,
all local reports to the contrary,
Joe FausSone, chief chef of the
Hotel Statler here-who is in
no small measure responsible
for that hotels popularlty-did
not move 10 the Washington
StatleT.
He did supervise the new
Washington units cuisine for
about two weeks and still makes
a supervisory trip down there
about every two weeks.
He delights in telling about
the preparation of a special
dinner for the President OF the
United States recently and the
"miXup" which followed.
About the same time, room
service ordered a somewhat
similar meal and after all the
pains of preparing the special
repast for President Roosevelt,
the meals were switched and
Mr.. Roosevelt got the meal pre-
pared for room service.
About the moment the chefs
were ready to commit suicide,
FBI men kindly explained that
II had been done with malice
aforethought' as a protective
measure. And, ad ded one
Oman:
THE President remarked on
the excellence OF the food"
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Just Odds and Ends

Personal notes: OPA Chief
Prentiss Brown is repeatedly
angling 10 get J. Bernard Gin
bel, New York merchandise, 10
be OPA general manager.
Long range weather forecaSters
predict well have a dry sum-
mer and government crop eN-
perts are worried O.. Ohio Uni
versity researchers report that
if every person IN the United
States killed one rat there would
be no more rats and that would
save enough food for II, $50 600
man army. Plate output has
dropped dangerously in Carne-
gie-Illinois mills since FBI men
swarmed through the place in
vestigating those bad plates. d.
Several war plants here are
posting this columns recent So
ries on how Britain fights alb
senteeiSm.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Kansas City Line
Defers Refundinq

NEW YORK, April II CUP)-
Proposed refundlng by the Kansas
City Terminal Railway Of its out
standing $40. 100000 issue of first
mortgage Is has been postponed,
il was learned today Officials
now plan 10 issue through com
petltlve bidding on April y a block
of S4700O00O in serial bonds and
use the proceeds Of the sale for
redemption of the first Is on their
next interest date, July l. The
As are due IN 1860.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
War Meeting
ABA TO Hold Stresmlined
Session in N. Y. Sept. Is

NEW YORK, April II tUP)--
The American Bankers ASSoCia-
tion. which omitted its convention
in 1912 because Of wartime trans
portation conditions, will hold a
war service and business meeting
in New York this year. w. l..
Hemingway, president said the
meeting will be held some time
during the week of September 13.
Decision to hold the session was
made by the executive council this
week The plan adopted calls for
"a Streamlined meeting shorter
than the usual convention devoted
to the business of the association,
with emphasis of war service. II
viii be limited TO not more than
one member from each bank.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
On the
Business
Front
BY WARD SCHULTZ
Financial Editor

Dow Chemical Go. is living up
10 its reputation As one OF The
leading chemical producers, able
10 maintain an upward trend m
earnings in spite OF heavier TAX
burdens.
In tho nine months 10 Feb
ruarv Is. the company had a
net profit OF $50 a share As
compared with 81 IS IN the 1912
period. on this basis. Dow Jones
financial news service reports
that Dow has an excellent
chance Of earnings from 81 TO
$50 for the fiscal year.
One reason for Dow Chem
icals excellent showing Is that
u Is able 10 take substantial
deductions from taxable income
for depreciation OF 'five-ycar
plants" which were built for the
war effort and are being charged
off at an accelerated pace.
An example of the far
sighted management Of Dow ls
the acquisition recently OF "A
2.0O0-acre natural gas field here
in Michigan with very large re-
serves. Dow viii use II 10 supply
fuel IN chemical raw materials
for it's Midland plant.
Too. Dow is one Of two rec
oenized leaders in the field Of
petroleum chemistry. which IS
recognized as one of the more
lush fields for future expansion,
BOWS Freeport Texas, plant is
particularly handy 10 the big
Texas oil fields.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Loans 10 Brokers
Jump 129 Millions

NEW YORK. April 17-Loans 10
brokers and dealers in securities
by reporting Reserve member
banks in New York City in the
week ended April II totaled
$3.50 100000. an increase Of $129. =
100000 over tho preceding week
and S3ii 100000 over the CORES
ponding week Of last year Other
loans for purchasing or carrying
securities totalcd $50 100000. am
increase Of 100000 over the
preceding week and decrease OF
100000 from the week ended
April IL. last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Output Of Civilian
Goods Off 25Per Cent

NEW YORK. April 77-CiVlIan
goods output Is running - per
rent below prewar levels while
consumption IS not far under that
period. Federal Reserve Board
reported. Consumers are cutting
heavily INFO inventories which
accounts for paradox. ihe board
explained. War production. q
small factor in the pre-l939 period
took nearly two-thIrdS Of total
output in March when the Re
serve Boards production index
rose 20 POS per cent Of the 1858
average
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Coal Co. PAYS on Coupon

NEW YORK, April ConSoli-
dation Coal co. announces that its
board Of directors has authorized
on July l. 1913. of con-
coupon No s Que oct
J. 1855. on rs 25-ycar ; per cent
sinking fund bonds This is the
last contingent coupon due.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
LOWERED STANDARDS

Wartime needs for mass produc-
ton has resulted in building huge
factories, with few fire walls,
leaving large areas IN which fire
can spread Equipment Of great
value is concentrated in small
space.
Because Of the scarcity Of criti-
ca materials, wood has been sub
stituted in a number of cases for
roof supports and covering, in
stead of steel and concrete. In
some cases. 1t was planned 10
omit sprinklers even under wooden
roof construction.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Metal Markets

NEW YORK. April II up Following
are todav's custom sheltered prices FOR de-
livered metals per To-: Copper electrolyuc,
12c export fas New York. II 7Sc. cast.
tx. fob refinery. II -: lake delivered. 12c
Lead New York soc East So Louis
& 35c ZINC New York s67c; East 81.
Louis 25c Aluminium. virgin 15c Anti
mony. American. "a soc Platinum S35 per
o. Quicksilver. per flask ~ IS his, Sia6
~ l9s Tungsten, powdered, os "a per cent.
50 60u3 per H.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
More Coffee
Stocks for Civilian Use
Show Gain in February

WASHINGTON, April II CUP)
Stocks Of coffee in the United
States available for civilian con-
sumption have shown another
slight increase.
Census bureau figures released
today show that stocks on hand
Feb. % amounted 10 1,676.672
bags of 1872 pounds each. compared
with 1855, 1856 on Jan. 81 and
Z, 1892 Sl2 on Dec. 81. 1912. The
lowest figure which stocks reached
was on Nov. p, 1912. when they
were down TO 1853, 900 bags.
The figures do not include stocks
,of the armed forces.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
BONDS ALSO QUIET
u. s. Store Sales Soar

NEW YORK, April 17-Federal
Reserve Board reported depart
ment store sales last week were
% per cent higher than during the
corresponding week year ago.
In the preceding week such sales
were 7 per cent lower than in the
similar period in 1912 while in the
four weeks ended April 10 they
totaled 3 per cent more than in
corresponding period OF last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
S2.94 a Share Profit
By Hiram WaIekr

Hiram Walker Gooderham &
Worts, Ltd, and its subsidiaries
for the quarter ended Feb IS re-
ports profit IN Canadian currency
of s.. 260,9i6 after S3,0Sl .443 for
income and excess profits taxes,
equal 10 S2.91 common share
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
W Loan 10 Carrier Corp.

NEW YORK. April 17-CarrIor
Corp has arranged a revolving
credit under 4 regulation Y Moan
agreement. permitting borrowing
IN aggregate Of S4-S00000, for pur-
pose OF financing its extensive war
business.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Climbing!
Exchange Seat at $4S, 900
Highest Since 1910

NEW YORK, April 17-Arrange-
ments have been completed for the
transfer of a New York Stock
Exchange membership at $4,000,
Up $4,000 from the previous sale
on April ?.
This is the highest since May,
1910 when A scat sold for $4,000.
Present bid and asked quotation
on memberships is $4,000 bid and
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Steel Co. Lists
Drop in Profit

Detroit Steel Corp and its sub
for the quarter ended
March 81 1913 report net profit
of S99.2O6, after charges and fed
eral income and excess profits
taxes. equal to as cents a share.
This compares with net Of
S131.579 or 60 cents a share for
the quarter ended March 81, 1912.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Offers for the Shelby

Few hotels over the country
have made progress TO equal
that of Detroit's Hotel Fort
Shelby.
Directors Of the hotel COM
pany were 10 meet Saturday
afternoon and consider at least
two very good offers for the
hotel property. However. IN
view of the showing made in the
last year or so, it is extremely
unlikely that the Shelby will be
sold.
Hotel Fort Shelby bonds have
made an almost sensational adj
vance from the low Dos 10
about -
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
FIRM HARDEST HIT

Hardest hit inventory-wiSe Is
Chicago Mail Order Co. whose
ICioSing inventory was All per
cent below tha-of 1871, Due 20
planned reductions account inven-
tory control and delays in Sched-
.uled deliveries of merchandise
commitments, Chicago Mail Or
der's closing inventory amounted
TO S3,633440 in 1912 or decline
of 50 935. 1911.
Spiegel, Inc. s. merchandise in
ventories at the close Of 1912
amounted 10 S6.910273 while at
the close of the previous year they
were S9.343. 666.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Park Chemical
Names Official

Appointment Of l.. NJ. Harris as
general sales manager of the Park
Chemical Co, at S074 Military
avenue, Detroit, was announced
Saturday by F. Lloyd Woodside,
president.
The annnintnnnnt Mnodsldn said
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Businessmen Prepare
For Outbreak of Peace
New Group to Work Throug h 1000
Local Units on Postwar Plans
BY MERRYLE STANLEY RUKEYsER
International News Service Economic Commentator

peace should not take business men com,
organizing
make sure that they asleep the day of victory
ask indstrlalStS large ana
TO do when they stop making guns
In addition postwar activities of the principal business
and government agencies a
economic development al work seek
mood to be enterprlSlng
nrnsdnnt Smdohaker COrn0ratlon
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18

mental, was started with the
blessings of Jesse II. Jones, sec
rotary of commerce, and makes
it's offices at the L. s. Depart
ment Of Commerce in Washing
ton. Nevertheless, the move
ment is conceived as competition
by individual citizens and aGgrc-
gates of individuals with bureau
cratic centralized economic plan
ming.
1t is designed to preserve the
American way of private enter
prise and 10 encourage a dy-
manic economic system which
will provide a rising standard
Of living under conditions OF IN
dlvidual freedom.
The committee can perform a
practical service If II only serves
to warn business men tina the
present wartime pattern of pro-
duction is not a new way OF
life. but will he superseded as
soon as the war ends. The COM
mittee can be useful in asking
questions. and in furnishing fac
tual data. The answering Of
questions is a task for individual
business men and corporations.
APPEARANCE OF LOBBY
Members Of the committee
whom | met seem TO be leaning
over backwards in a desire not
to offend the politicians or to
give the appearance Of lobby
inc. But irrespective of Squeam-
ishness. the conditions for the
postwar world are being IN part
determined by current monetary,
tax and other economic de-
CiSionS.
For example. II is important
in current tax policy TO leave
employers with reserves for re-
conversion Of their plants TO
peacetime uses. II would also
he helpful 10 practical planning
by business men 10 get some
commitment from government
as 10 IT'S intentions in respect
10 government owned war
plants.
Above all, IL is important for
the business executive 10 know
his own limltatlons. and 70 rec
ognize that II is the customer
who in the last analysis provides
employment. In order 10 get
active employment il is neceS-
Sary 10 attain balanced ma
tiOnal economy, This may not
he attainable If We literally carry
out sentimental pledges 10 get
rid Of all trade barriers:
In a world Of unequal living
standards in various countries,
if we are 10 retain our social
gains over here, some protec-
ton is obviously needed against
sweatsfop countries with meager
living standards.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18

is an in { r a
org anlZatlonal
promotion, Ilar-
riS having been
sales manager
Of the autonlo-
tive division of
I h s industrial
chemical manu-
faCturer since
1899.
II a T r s en-
tered the auto
motive industry
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18

in 1919 and has served in various
capacities in the accessories field,
as district manager of WHY'S
Overland and as retailer.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Stocks Hold
Narrow Range
In Dull Trade

NEW YORK. April II INS)-
The stock market turned in a gen.
orally colorless session today.
Leaders held within a narrow and
mixed price range and trading
slowed
There were a few individual fea-
lures. International Telephone.
one of the most active issues on
the board. reached a new l943
peak of IL for a fractional gain.
SChenley was another 10 hit new
top, advancing almost point
RAILS MOVE UP
Rails gained a little ground in
moderately active dealings. Gains
ran to about a half point in Chesa-
pcake and Ohio and Santa Fe.
Others 10 show modest improves
ment we're Bethlehem. Westing~
house, Standard Oil of New Jer-
sey, Pullman. American Can, L. s.
Rubber. Consolidated Edison, Sears
Rocbuck, Paramount and Warner
Brothers.
General Electric, Du Pont,
United Aircraft. InternationA
Harvester OWens-Illlnois Glass
and American Tobacco "B" Jagged.
BONDS ALSO QUIET
Commodities were quiet. Bonds
followed the pattern Of stocks,
with a handful Of rail issues NOV
ING fractionally higher. L. s. gov
ernments we're quiet and steady.
The curb market also was mixed
and quiet United Light and Power
preferred stood out with a drop
Of a point TO 40.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
STARTS WITH QUOTA

Using the analogy of the sale
manager. Mr. Hoffman starts
out with quota. He wants
business men and manufacturers
10 shoot at a 10 per cont in
crease in physical production OF
goods and services over the 1910
level, holding that such volume
will provide full employment
and a high level Of material
well-being. MIR Hoffman told
me that he was aware of the
fact that business men would he
limited by general environ
mental conditions. and that the
research committee would care
fully analyze the conditions-po-
litical and economic - which
would be helpful 10 a high level
Of postwar activity.
In a discussion Of the move
ment, ! said 10 Mr.. Hoffman,
Does the fact that your COM
mittee is investing in now re-
search signify that you do not
feel that the report Of the ma
tional resources planning board
has provided all the answers? ~
DELICATE SUBJECT
Mr.. Hoffman showed a desire
10 avoid criticizing the federal
board. saying that he thought
only those who had read the
complete report should comment
on il and that he had not yet
done so. He did say that he
had read some sections of it
which he considered good
or course, that was delicate
subject because Mr.. Hoffman's
committee, though nongovern-
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
i. ). Fire Losses
COstIier Than
London S BGtz

Peacetime fire losses in the
United States IN 1910 and 1871
caused greater damage than the
luftwaffe rained down on London
with explosives and fire bombs
since the start Of the war
And losses here are definitely
increasing!
It's an oddS-on bet that little or
none Of the damage is caused by
professional saboteurS but rather
by careless CiGaret smokers or
those who forget to put out
matches when they toss them 10
one side.
There is no definite information
that single fire since the United
States entered the world conflict
was started by Hitler'S agents.
Whether caused by carcleSSneSS or
sabotage, however. fires hit the war
effort. Wartime activities increase
normal fire hazards and present
new ones.
Property losses from fires in
1912 We're estimated al S3lo OOO,-
900 In 194l they were S302,-
100000. RepOrts-So far in l943
indicate the losses are continuing
to mount. This would reverse a
.downtrend started u years ago.
At that time fire losses had been
rising until they exceeded $780,
100000 a year.
GET LITTLE ATTENTION
Except for local blazes. fires get
little national attention. Any COM
pilation of them, though, reveals
that fire waste is destroying inn
portant military and civilian sup
plies. For instance:
. Not long ago a grain elevator
in California and one IN Texas
burned 10 the ground Enough
grain was lost TO take care of
the cereal requirements of-an
army of 100000 men for year.
A Wisconsin plant making
veneer for aircraft suffered a
fire loss Of $500, 900.
In a worSted plant at Woon-
socket, X. l., a small IRE re-
suited in loss of 5000 man.
hours Of production.
A Maryland concern manu-
featuring rubber and canvas
footwear for Jungle stroops had
"A 100000 fire.
. A Denver steel products plant
making projectileS for anti-tank
guns had a S35O,000 fire blaze.
In Florida plant, two small
fryer fires caused A oSS Of al
most $500 man-hours.
. a chemical plant in New Jer-
Sey manufacturing chlorine for
munitions had a 100000 fire.
. A New York City pier had a
fire which destroyed considera-
bic quantities Of copra. There
was the S. S. Normandle dis
aSter, too.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-04-18
Mail Order
Firms Hit as
Supplies Fall

CHICAGO April Il Mail order
houses here are getting tho IN
yenlory 'utterS' as the first two
months or quarterly sales begin to
show the story of omissions.
An omit order in mail order
parlance Is an order which cannot
he filed for lack Of merchandise.
Omissions are increasing and are
being reflected in the recent sales
volume reports and mail order
proGnoSucarons.
An Indication Of what may hap
pen is reflected In what two lead
ing mail order houses returned 10
during the past year.
RETURN % MILLIONS
Sears, Roebuck & Co. paid back
more than S5O.OOo.OOO, while Mont
gomcry Ward e Co. found it
necessary last year 10 return more
than S46 900 to mail order Gus
toners who ordered merchandise
that could not be supplied. a large
amount of sales were similarly
lost IN retail stores
Most favorably- situated inVcn-
tory-wiSe is Montgomery Ward At
the close Of the 1912 fiscal year,
Ward showed meChandlSc invcn-
tories Of S139.733,375 with re-
serve of S15.0O000O for possible
future inventory price decline.
Merchandise inventories at the
close of the 1911 fiscal year totaled
.Sl231O2 953 with a S5,000000 fu-
iture inventory price decline re-
serve.
With Sears, inventories at the
year end amounted 10 Sl47 SOC. 935,
Including merchandise ln- retail
stores, mail order plants and ware
houses, besides raw materials work
in process AID finished merchan-
disc in factories. This represents
la decrease Of S27 361. 461 or 1916
per cent from inventories "a: year
ago.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1943-06-29
NO ACTION TAKEN
ON GOLF COURSE
Park Board FavOrs Con-
tinuing Operation for
Months Time

During yesterdays meeting of the
park commission it was revealed
that Waterbury's municipal golf
course will continue to operate for
approximately another month
However, no definite action will be
taken until the next meeting of the
board.
Park Superintendent James j.
Curtin revealed that the attendance
at the course has dropped so much,
that it is now being operated at a
loss, but added that reserve balance
is enough to continue operation for
another month. Mr.. Curtin said that
play at the course was quite good
over the weekend despite the heat
and the OPA pleasure driving ban.
Most golfers, however, ride the
Prospect bus to the road leading 10
the course and walk from there or
get a ride on the horse and buggy
which operates between the bus line
and the course.
Golf is a morale builder for war
workers, and every effort will be
made to keep the course open for
the 1000 to 5000 persons who visit
the course more or less regularly,
said Thomas F. Moore, secretary of
the commission. He pointed out that
the city has an investment of $780,
600 in the course and that MAN.
tenance crew must be kept work
ing on 1t even If 1t Is cloAAA
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1943-06-29

for which they are responsible in
Wartimes" to reach the consumer.
The producers and feeders, he said,
demand an unrestricted price rise
in addition to previous price gains.
In August, 1889, the price of
steers in the Chicago market was
1925 per hundredweight and by
June of this year the price had risen
to $15,375 per hundredWeight
or &c per cent above the pre-war
level" Shoup stated. During the
same period the price received at
the farm for beef cattle rose 80
per cent, representing substantial
gains for raisers of livestock
Nevertheless, Shoup said, dissatis-
faction over prices under the sub
sidy and rollback program is given
as a reason for withholding cattle
from the market and for consequent
surplusses in the west and south
west.
These SURPRISES have been esti-
mated by cattle raisers to be enough
to supply normal quantities of beef
for the New England beef shortage:
l. A piling up of inventory in
the hands of raisers and feeders in
the hope of higher prices.
2. Blackmarketing, particularly
in lighter carcass animals.
3. A serious dislocation in distri-
button due to the fact that packers
prefer to supply nearby and higher
profit markets in time of shortage.