davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Fruehauf Award

The Fruehauf Trailer Co. has
been given the Highest Merit
Award for distinguished achieve
ment in annual reporting by
the editors Of Financial World
in recognition Of the excellence
If its 1912 annual report 10
stockholders.
In its annual survey Of stock
holder reports. Financial World
magazine states that it has OBJ
served a noted improvement in
this years documents in spite
Of paper restrictions. ink short
ages and other obstacles. In
fact. the magazine terms the
l943 display as the finest that
has ever been seen.
The 1943 annual report OF the
Fruehauf Trailer Co. which won
the award. is a 2S-page docu-
rrent printed in red, white and
blue, thoroughly illustrated with
photographs and particularly
well provided with readily
understood charts and dia-
grams recording the financial
history and standing OF the
company. Printing and typogra-
ply was by Evans-Winter-,
Hebb, Inc, Detroit.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
National Income
Expands for
4th Row

NEW YORK, July 31-+The ma
tional income produced in the
United States rose in May for
the fourth consecutive month to
the highest level reached so far
this year, according to the Alex
ander Hamilton Institute. The
national income amounted to ST.
362. 100000 in May as compared
with Sll, 168, 900, 900 in April and
with the 1943 low of $10,-
sci 100000 in February.
Although this expansion failed
TO carry the national income back
10 the record monthly high of
So, 0S4, 100000, which was at
tanned last October prior to the
overwhelmingly seasonal re-
cessions, the national income in
May this year was 2l.5 per cent
larger than in the corresponding
month last year when il amounted
to SO 1855, 100000.
The prospect is that the ma
tional income will continue to
expand and that the seasonal peak
in October will be above the rec
ord high reached last year. There
is now little question that the
annual national income in 1913
will be the largest in history. For
the first five months il totaled
S54. TAO, 100000 this year as
against S44, 796, 000,0 900 last year,
an increase of 22.2 per cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Amer. Radiator
NETS s., 3S9, SD

American Radiator and STAN
dard Sanitary Corporation and its
subsidiaries in u. S. for the six
months ended June 80 report q
net profit of $3.50. 523 after pro-
vision of S5,268,00O for federal
income and excess profits taxes,
equal to % cents per share, as
against S2,155, $50 or 20 cents per
share in 1912 period, when taxes
totaled S2,725, 900.
The report states that during
the first six months dividends re-
ceived from foreign subsidiaries
amounted to S417,471. No part of
these dividends is included in the
foregoing statement, but the
amount thereof is held in reserve
until operating results of such
subsidiaries for the full year shall
have been determined.
No action was taken by tho
directors at their meeting respect
ing a dividend on the common
stock. Payments this year were
Is cents each March 81, June 80.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Gust Short Items

Personal Notes: War Bond
redemptions which repeatedly
reached IS per cent Of sales dur
Ing tax month June, average
about 1900 bonds a day here IN
Detroit Richard l.. G.. Dew
Grail, former public relations
director Of the JAW, who later
went with OWL, is now Private
Dcverall. ". s. Army and he
may do a series on army life for
the Clio News =. Capt. Arthur
J, Rhode, ex-Detroit insurance
man. is home on a short leave
from Alaska Our armed
forces now use as much gasoline
in single day as they used
during the entire first world
war-which is another good
reason for conserving gasoline
-. and Missouri is getting
complaints from color-blind citi-'
zens because IL is using the
cblors red and green TO deter
mine the value of plastic sales
tax tokens.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Inside or Outside7

President OF one Of our local
corporations tells the story --
supposed 10 be true--of the
army officer who sent in
requisition for some ant exter-
nlinator.
Back came a long letter in
which he was asked whether
the ants were on the inside OF
his quarters or on the outside,
for. the writer continued:
IF they are on the outside,
the insecticide must come from
the engineers, but II they're on
the inside, IL will have 10 he
requisitioned from different
department"
Back wrote the officer:
AFTER observing the ants for
several days I find that some
live on the inside and 20 out
90 eat, while others live on the
outside and come In 10 eat, and
still a third group just wanders
around In circles. Please mix
a batch Of both the inside and
outside powder and I'm sure ~
will do the trick very nicely
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01

president of the club, and is at
present vice chairman Of the
Michigan group of the Investment
Bankers Association.
Other officers elected are Will
liam M. Adams of Braun, Bos-
worth and Co, vice president,
and Howard l.. Parker of NJ. A.
Manley and Co, secretsry-treas-
urer. These officers together with
Charles c. Bechtel OF II. V. SattD
ley and Co, Douglas II. Camp
bell of The First of Michigan
Corp, John L. REMOVER of Miller,
REMOVER and Co. and Bert r.
Ludington of Waiting. Lerchen
and Co. will comprise the board
Of directors for the coming year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Stock Market
Says 1to5Points
On Peace News

NEW YORK, July 81 CUP)-
Stocks declined l to S points in
moderately active dealings in the
short session today on a renewal
of "peace-rumor" selling.
Selling developed in stocks after
an easy opening and some issues
set new lows for the year as the
close approached. The losses to-
day extended declines for the
week TO more than 10 points in
the main list.
j. /. Case was a leader on the
downside, plunging 5 points TO
1861. Other farm equipments
were down point and more. Re-
newed selling drove the rails
lower. Santa Fe slipping Ia 10
$685. and Allegheny preferred with
warrants. Atlantic Coast Line,
Norfolk & Western, Nickel Plate
common and preferred. Southern
Railway and Southern Pacific sell
ing off l TO more than 3 points.
Leading steel shares held their
losses to fractions. but Crucible
was down a point. Chrysler fell
ia TO 75As and General Motors
was hammered down Ia points
to 50h. Pepsi-Cola was off
points to SO and American Air
lines plunged 3a points to g.
Losses of l TO 2 points were
recorded by such stocks as Amer
lean Telephone. American Car &
Foundry, Eastern Air Lines. Fire.
stone, Goodrich. Johns-Manville
u. S. Rubber, Montgomery Ward
Phillips Petroleum, Western Union
and Ohio Oil. Du Pont, which had
I lost -f9lz points on the week-up
TO yesterdays close, was one OF
the few firm spots on a l point
gain TO 144l7.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01

expressed in simple terms. In
addition an arithmetical ac-
counting could be given TO the
individual policyholder as 10
how the scale was applied TO his
situation. The contribution 10
the dividend, or rebate comes
from three sources: Excess in
terest earnings, if any; operat-
ing economies, and mortality
savings. Under existing condi-
tions OF low interest rates and
rising operating costs. the chief
contribution comes from NOR
tally savings, which represents
the difference between actual
mortality experience and the
tn eoretical assumptions on
which the gross premium was
based.
Shifts in the purchasing
power of the dollar will require
each person 10 review his own
life insurance setup.
If we are running into a pc
Ariod of high prices and high liv-
ing costs. for example, then
family heads will find them
selves underinsured.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Lost: 28-Ton Tank

Auto circles buzz about
Chrysler's famous lost tank"
which may 60 down in history
as the second world war coun-
terpart of the Flying Dutch
man.
The story is that, on paper
1T least. one 28-ton General
Iyherman tank has turned up
missing. II was supposedly con-
signed 10 an advertising agency
from promotional purposes, but
from there all trace has been
lost.
The agency repeatedly has no
record of delivery OF the steel
behemoth. and for all any one
can tell, il may be in use right
now in Sicily.
Could be that it's the one
that's been reposing on the City
Hall lawn-even.
II you see a lonesome looking
General Sherman. send II home
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Harry Ferguson, Inc,
Elects New Officers

Harry Ferguson, formerly presi-
dent. was elected chairman of the
board of Harry Ferguson, Inc.
producers of the Ford-Ferguson
tractors and agricultural imple-
ments. Roger NJ. Kyes, formerly
executive vice president and gen.
eral manager. was elected presi-
dent, and Merritt d. Hill was
elected vice president. Horace
D'Angelo continues as secretary
and treasurer. Miss Elizabeth
Mary Ferguson and Hill were
added TO the board of directors.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Detroit Stocks
Livestock Markets
CHICAGO

CHICAGO. July 81 UNs)--HoGs-5.3 300
steady. Top, si4.25: bulk. Si3.s5T14.15;
heavies. sl37SaI4i5: mediums. si3s5 n
i4.25; lights, Si3. 75H go; light lights.
pigs. Sill 500 so.
cATTLE-300: steady. Calves-1o0;
steady. Beef steers: choice. $50 1878
medium, Si4d1S: yearlings, Si3d1s.
Butcher cattle--heifers. S11Tls; cows.
50. 50T14: bulls, $lfn1i.75; calves. So
1878: feeders. s12G1t75. Stockers
steers, Sl3Q15. cows and heifers, 500
1880.
sHEEP-soo; steady. Lambs. si4115:
common. si2. so n "a: yesrlings, si3n1410;
ewes, $ens: feeders, xi3G14.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
the
Front
BY WARD SCHULTZ
Times Financial Editor

r Much OF the task of rebuild
Ing Italy will be shouldered by
Me machine tool industry.
Zhich will refit ltaly's war raw
aged industries.
Although Washington is hesi-
tant TO discuss specific plans,
il is understood that meetings
have already been called for
this week at which representa-
tiyes of the machine tool in
dustry will confer on the
problem with WPB men.
Lend-lease is now taking
about % per cent OF the ma
chine tool output OF the nation
land most of that is going to
Soviet Russia and Britain.
However, there is no question
but that our tremendously ex-
banded machine tool industry
can more than handle the added
requirements OF broad foreign
supply program.
In fact. the industry has
definitely passed its peak and
actually has some idle capacity.
Machine tool production has
declined from a peak Of $l32,-
100000 in last December 10
slightly over $100,000.000.
Part of the incentive for the
proposed program is TO provide
a partial cushion for an indus
try which has by now pretty
well fooled America for its war
tasks.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01

since 1926 and
is associ a { e d
with Blythe e.
Co. He h a S
been active in
many security
and inv S L
ment activities
for " era /
years. having
prev u sly
served as sec
rotary = treas
urer, and vice
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Urges 'Streamlining'
OF Insurance Reports
SimpIified Auditing Gives Better
Understanding Of Fiscal Policies
BY MERRYLE STANLEY RUKEYsER
international News Service Economic Commentator

Widespread of the idea that this is Of
survival which only nations but economic institutions are
being tested causing business and hnanciers to try to
plead their persuasey before the bar OF public
opinion ,o ,
corporations accordingly have improved, smphed
sreamned their annual and accounting figures and
increasing of general institutional advertising
hear preliminary under which lead
submitted by life insurance
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
National Steel
Earnings Dip

National Steel Corporation and
its subsidiaries for the quarter
ended June 80 report a net profit
Of S2,538,0l5. equal TO Sis a
share, as against s2,750.445, or
S1.25 a share in the 1912 period.
Provision for federal taxes was
S., $50 900. against 81 925 900 for
the like period a year ago.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
GIN Head Tells
Part
In Winning War

{. f. Wilson. president OF Gen.
eral Motors Corporation, Satur-
day pointed out the inter-depend-
ence of small and large businesses
and congratulated them both on
the cooperation and teamwork
which has resulted in such tre-
mendous production of the imple-
ments of war. He urged the per-
petuation of the same system in
the future as "one of the greatest
safeguards of our democracy"
Because OF the part Ameri-
can industry Is playing In enc
war effort" he said, II think
II In important that all Of us
have a clear picture of just what
II Is. American industry Is n
nationwide collection Of busi-
nesses OF all kinds and sizes,
each with Its own particular
skills and techniques. These
business are not unrelated. No
business or industry Is COM
pletely independent. These COM
psRies, whether large or small.
are constantly buying from
other big and little businesses
and selling TO other big and
little businesses as well As to
the final customers. The result
Is "A closely interviewer network
and relationship with q ire
mendous capacity to produce
that which il not equaled In
any other country In the world.
PRAISES LABOR
"TiS- close relationship and
interdependence Of businesses
has proved to be one OF the
greatest safeguards our nation
has In time of war.
while IL IL true American
industry had been building the
products of peace and had rela-
lively little experience In build
ing the machines of war, new
tftutttrS bAtItS Shtils dHu
techniques-the same manage
ment ability-the same applica-
ton OF machines and tooling--
the same intelligent labor
were able 10 produce the equip
ment for war i'm an amazingly
short time and In n volume and
quality that are n source of
CONSERVATION 10 our enemies.
GIVES FIGURES
ITO give YOU some idea of the
extent To which General Motors
has utilized other industries, let
me give you q few brief stats
tics.
The total value Of the parts,
materials and supplies pur-
chased by General Motors from
other manufacturing organiza-
tons In the execution Of its war
contracts II equal to approx
mately one-half OF the dollar
value OF Its finished war prod
ucts-substsntislly the same rs
our peacetime percentage. Cen
eral Motors purchases parts.
materials and supplies from
over 1900 other American
companies--and almost half of
these firms employ less than
100 people.
1T Is this type OF cooperative
trial front OF America that has
resulted In the successful war
production We have witnessed
since Pearl Harbor," Wilson
concluded
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Grains Display
Firm Undertone
Wheat Little Changed
After Nervous Trade

CHICAGO, July 81 QNS)L
Grains generally displayed a firm
undertone in today's late dealings.
Wheat closed unchanged 10 4
cent higher after moving nervously
within a range of less than a
cent. September finished u cent
higher at $1.44h after selling up
II cent 10 S1443s. The future
dropped ~ cent to S1.43% at one
time early.
Oats rallied TO close unchanged
TO IA cent off.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Allen Named Head
Of Bond Club
Adams Elected Vice
President for 1894

Alonzo c. Allen was elected
president of the Bond Club OF
Detroit for the year 1894 at
special meeting of the board of
directors.
Allen has been engaged in the
securities business in Detroit
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Foreion EXCHANGE
Trend Of Sales

NEW YORK. July 81 GNs)-Totai sales
today:
Stock Exchange stocks, SIS, $50 shares |;
bonds. IS, e32, 800.
Curb Exchange stocks i4s.375 shares:
bonds, $3.50. 900
- Big board sales throughout the day.
Open 10 IL 90 22a3to shares
III 90 10 close SEQ, 10 shares
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
DOLLAR BUYING POWER

As long as the future buying
power of the dollar remains a
matter Of conjecture. it might
be wise in the interim to place
emphasis in new commitments
on pure insurance, such as term
policies and deferred survivor
ship annuities, rather than on
higher priced policies which en-
tail both savings and indemnih-
cation against premature death.
In any circumstances, in the
abnormal period ahead, there
can be no doubt that the insur-
ance companies will better serve
their policyholders if they de-
velop in them a real understand
ing Of what is taking place.
The new short form Of ac-
counting, which progressive in
dustrial corporations have intro
duced, provides a candid camera
view Of operations, and similar
sinplification and Qualification
can be adapted TO record the
activities of the great popular
financial institutions.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
WINNIPEG GRAIN

WINNIPEG, July 81 lNS) - Wheat
closed &c 10 lac lower today, oats and
barley unchanged, rye .. 70 sc lower.
wHEKT=JutyI- sf-os saies;- Oct
si.0sb7, Dec. N.07A; May, 81 osh q
i.0sL.
oATs-July, Oct ana Dec, size bid.
BARLEY Oct. and Dec, cane
Kid
RYE-July. CSC; Oct. 94he bid; Dec,
94c: May, e4l1c.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
CHICAGO CASH GRAIN

CHICAGO. July 81 uNs)-cash grain
close:
WHEAr-No ? red, Sl73is; No. /
hard. ti4siI No. hard. sl.ssdi.isl1
No. J mixed, si4sm 1884; No. 3 yellow
hard tough. Si.50I7 No. mixed tough.
red. 81 so.
CORN-None.
oATs-No. / mixed, 72Ag72llc: No.
z mixed, 72Le: No. white, 70 q 70 q. c;
No. white. Ia. a73e; No. white,
red special 72kc; No. red special heavy,
73c.
SOYBEANs- None.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01

TOLEDO, o., July 81 (INs)-Cash grain
on track
wHEAT-No. ? red. 71izmi72iA.
CoRN-No. ? yellow, Si06 q i.07, No.
> yellow, sl.04dl.O5.
oATs-No. white, 72ii 2 73hc; No.
) white. 70n q 72hc.
soYBEANs-No. ? yellow. 81. 701s q III
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Dividendo Of 25Cenfs
By Federal MoguI

Federal Mogul Corp. declared
dividend Of Is cents on the COM
mon. payable Sept. Is 10 stock of
record Sept. 4. Same amount was
paid in previous qpaEters.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
10( Dividend Voted
By Superior Tool

Superiod Tool & Die Co has de-
clsred a dividend of 10 cents, pay
able Aug. % TO holders Of record
Aug. 20. The previous payment
was 7iz cents May 2S.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01


companies to their policyhold-
ers. The development is still
in process of negotiation.
Life insurance executives and
actuaries have submitted sug-
gestions for changing the form
OF the annual statement 10
the various supervisory state
insurance departments. IT is
understood that the committee
on blanks of the National
Association OF Insurance Com
missioners, of which Walter A.
Robinson, actuary Of the Ohio
insurance department, is chair
man, has reached an agreement
on a new form Of a report
blank which is acceptable with
only minor variations by each
of the state insurance depart
ments.
The significance Of this some
what technical development lies
in the fact that the nature of
Il, formal state department
report form influences the prac-
tees of life insurance COM
panies in making less formal
reports TO their policyholders.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
Montreal Silver

MONTREAL. July 3i-rh. silver mar
kst closed steady. with Aug. 3siS BID. No
transactions
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
HIGHLY DESIRABLE

Such streamlining of reports
to policyholders is highly de-
sirable. II the $1,000, 900 pol
icyholders had a real under
standing of the impact Of fiscal
policies on their true interests,
they would become a great
force for good management of
the national housekeeping.
Although nice printing and
pictures are 10 be welcomed,
they are mere frosting on the
cake. The basic thing is 10
simplify and clarity the account
ing figures themselves, so that
they reveal the realities in I'M
derstandable form.
Most companies could improve
their manner Of reporting on
called dividends on participat-
ing policies.
SIMPLE EXPRESSION
II is my belief that the action
IN tho dividend Scala could he
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01
New York Cotton

Other months elose-Aug., n2o.24: Sept.
MO. o4; Nov. n1e.76: Jan, n1s. 90; Feb,
ME. IS; Aprit, ntssf; June, MS. 30. -
b-Bid. n-Nominal.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-01

II is my belief that the action
on the dividend scale could be
Henderson daily dispatch., 1943-10-02
RCHR VALLEY Is AGAIN
SUBJECT TO STRAFISGS

London. Oct. . (AP) With
American bombcrs participating, ac.
cordinS To German reports. the
RAf.S Britan-baScd night bombers
added momentum last night 10 the
Allies new twO-way assault on Ger
many from the west and south by
hitting the Ruhr Industrial city of
Hagen.
Hagen, which has a population of
100000. Is ten miles south of bort
mund. often the target of the big
hAF night bombcrS. II is in the
center of the Ruhr region with inn
portant iron and steel luundrics. en-
GInccrinG and armament works and
has a big railway center with OK
tcnSIvc yards and railroad car repair
shops.
The Berlin radio. in broadcast
recorded by The Associated Press,
SAID that both British and American
D"mbcrS were over the Rhincland
ana NcStphalia-whiCh includes the
RUM industrial area hit Monday
night.
There was no official indication
OF American planes participating IN
me raid but this is tho third nr.
iourth time in recent nights that
INC NaziS have reported American
piahcS over their territory and as
lar pack as March Major General
IRA Eakcr. commander of the Eighth
u ;. AAF, said that Flying Fort
IcSSeS would bomb al night.
Henderson daily dispatch., 1943-10-02
Reds Blast German Centers
Terrific Struggle for
kiev RACES on in Fury;
Drives Aimed at Cities

London, Oct. 2-(AP)-The
Russian and German Ukrainian
armies were locked in terrific
struggle for kiev and the lower
DniCpcr river valley today. and
Red Army air force bombcrS
have unlcaShcd a bombardment
against three White Russian
rail ccntcrS barring the way to
invasion of Commanded Pol
and and the Baltic States.
The Moscow radio said today that
Mugi!cv. OrSha and Vitcrbsk. strong
ly fortified German bases in White
Russia. were pounded for the second
straight night by large formations
of Russian bombcrS.
This operation evidently Was in
tended 10 soften up Nazi defense
lines and pave the way for advanc-
ing Red Army forces which ycstcr-
day sUrGcd forward over rain-soakcd
terrain tu reach the Pronya river. 20
miles east of MOgilCV and II miles
west of ChCIIov, capture OF which
was announced earlier in the day.
:'nC Soviet columns rolled west
ward through 400 towns and vii
lagos, killing more than $500 Ger.
mans and collecting huge stocks of
abandoned war material the Ger
mans had failed 10 destroy. COM
muniqUC said.
The war bulletin. detailing land
advances in the White Russian sec
to- ~ 4 ,.sl, i.
Henderson daily dispatch., 1943-10-02
Mussolini
To Try His
Betrayers

Bern. oct. ?. -(Np)- Tho nr,.
MuSSoiini-hCadcd puppct Fascist
government for Italy dccrcCd today
the establishment of special ,ribi-
mails 10 try for high treason party
members whom Mussolini has char
gcd with passing 10 the enemy AT
the moment of trial.
These include Count Ciano. Mus
SoliniS SOn-in-law.
a dispatch 10 the newspaper Ia
Suisse Of Geneva from tic Italian
front sa'd that among thousands
Liable to be brought before cXtraordi.
nary tribunals would most certainly
he all members Of the Fascist Grand
Council who voted against Musso-
lini nj tho historic meeting on the
night Of July Is at which the duce
vas forced from power.
Henderson daily dispatch., 1943-10-02

officers organized recently in Mos
COW in discussions with the German
military set. hoping That any arms.
iiCc understanding would include i
replacement of the Nahi regime.
La Suisse said the German offer
of an armisticc on June II. 1912. in
Guided withdrawal of German
troops to tho frontier Of September
20. 1889. across Poland. the rcSig-
nation Of Adolf Hitler and tho as
sumption of power by RCichmarshi ii
Hermann GOcrirg. Grand Admiral
Karl Docnitz and Marshal Wilhelm
kcitcl. chief of the high command.
II was reported that there w"rt
similar offers now. but that the tri-
unvirate was not mentioned.