davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
On the
Business
Front
BY WARD SCHULTZ
Financial Editor
Fatc's funny fellow


About seven years ago gent
hv the name of Harold Saddle
miro took over a company called
Ozark Corporation and tined to
convert n into a Cet-rlch-qulck
scheme.
The rompanys assets included
q trailer factory. some Mexican
timber holdings which were
leased from Resources Corpora
ton International a hardwood
mil al Mobile, Ala and some
lesser items.
Saddlemirc was 50 ambitious
that he ran afoul the SEC and
wound up doinE a stretch at the
Federal prison al Milan. Last
news Of him was about SIX
months ago. when he claimed
his only assets were $50 and his
clothing So that he could not
nav a 5000 fine.
The whole thing was dis
astrous for both the officers ot
the company and the stock
holders-and that is where Fate
took a hand
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
U. S. Stepped In

Last year. however, the Navy,
the Board.of Economic Warfare
and other federal agencies de-
cided that Resources holdings
were the only major supply of
mahogany in the world which
could be brought 10 United
States by rail.
And Uncle Sam wanted maho-
gony for PIT boats and plywood
for planes!
The government spent over
half a million dollars in logging
operations on the "wothless
acres" and helped finance con-
tracts.
In addition the L. s. Treasury
repeatedly gave one of the
cutting contracts" attacked by
SEC as worthless, an order for
100000 ash and pine lumber TO
he shipped 10 England under
lend-lease.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Impact Of War

Here il is lust five years alter
the company's collapse and look
at the situation.
Every trailer company In the
country is Swamped with gov
eminent orders for defense hous-
ing -,
Lumber and lumber mills are
busv on government contracts
particularly hardwood mills such
as Ozark had.
And what about the Mexican
timber holdings
Well that's what brought this
whole thing TO mind. During
the Ozark trial there was a
question whether the Mexican
mahogony holdings were worth
: frfs-thinc or not--the SEC on
several occasions expressed
doubt as 10 their value,
Let's look at what happened
20 the original owner-Re-
sources Corporation.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Resources VS.. SIC

Resources Corp got into n
little trouble with the SEC, too
an offshoot of the Ozark case,
as | recall.
Last week, a federal judge
continued over the SECS case
against six Resources officials
until Oct. Is. 1913, thus delay
ing a final opinion on a paradox
studded mixup.
The SEC contended that the
company had defrauded its
stockholders because the firms
1000 900 acres of timber were
practically valueless-like that
leased by Ozark.
Resources contended that bust
ness conditions were responsible
for its failure 10 make money.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Boom or Slump Ahead?

Among the employing classes,
opinion is sharply divided on
whether the declaration of peace
will bring a boom or a slump.
If Washington exercises COM
mon sense in enforcing contract
cancellations and in releasing the
millions of men now in service.
the preponderance Of opinion is
that, after more or less acute tenn
porary diSlocation, the country
should enter upon a period of un-
precedented prosperity
Since Michigan's industrial on
tcrprises arc Swamped with war
orders and have instituted much
overtime. the new governmental
labor decree is accepted calmly by
them.
But compulsory increasing Of
wages by 30 per cent for 20 per
cent more work time has alarmed
small concerns. shopkeepers. etc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
New Victory
Loan Drive
Set for April
Treasury Plans TO
Borrow About IL Billion,
Same as in December

WASHINGTON, Feb. 10 CUP).
The treasury plans another VIC
tory loan drive in April at which
it hopes TO borrow at least as
much as the SD, 9O6. 100000 raised
in that manner in December.
Secretary Of Treasury Henry
Morgenthau Jr., disclosing plans
for the new drive at press con-
ference, said he expected 10 spend
much of his time between now
and April making arrangements
for the drive.
The treasury originally had
planned TO have another drive in
February or March. but plans
were changed when the December
campaign exceeded the $4,000 000,-
900 goal by more than IS per cent.
Both individuals and corporations
invested in victory loans in De-
cember.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
100000, 900 Industry in Yeor

There many other expansions which made these
achievements possible There 9000000ton expansion
steel production a cost of 81 800 100000 to date.
Our chemicals industry is undergoing S1,5OOOOOOOO
pansion to increase its capacity by so per cent
And of rubber:
We shall be creating out of nothing in single year
brand $S00000000 industry. In ordinary times would
take us 10 years longer.
Along with these activities, electric power output has been
expanded Nelson pointed that this especially difficult
because of the shortage of metals to the consuc
ton of power plants.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Rickenbacker Talks
Not as Army Man
nv United Press

UnderSccrctary of War Robert
p. Patterson said in letter Sat
urday that Capt. Edward V. Rick
enbackcr had spoken "as an indi-
vidual and not as an army officer
on his tour of DetroitS war plants
last month.
In his Detroit address. Ricken-
hacker aSsailed labor for striking
and demanding higher wages when
American soldiers were dying lin
the hell-hocS of the South Pacific
and on the burning SandS\of AT
RIGA.
Patterson. replying 10 letteS
from President r. j Thomas of
the UAW-CIO, said Rickenbacker' 5
did neIneceSSarily. re-
fleet views of officials of the war
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Amer. Seating Lists
Profit Of S479,61O

American Seating Co. and its
subsidiary report for the year end
ed December 81, 1912, a net profit
of S479,6l0, after Federal income
and excess profits taxes and pro-
vision Of 100000 for contingent
cies, equal TO S2l7 share against
S505, OBJ, or S2.2S a share in 1871.
Federal income and excess profits
taxes in 1912 amounted 10 ST.
100000, against S425, 900 in 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Starr a Director

And incidentally. one Of the
new Resources directors is Ray
mond Starr, Michigan Supreme
Court justice
SO il looks like the claims
that Resources holdings had
some value after all
And ] can't help but wonder
how Saddlemire and his Ozark
Corp. would be sitting today II
he'd been content 10 conduct an
honest business rather than Try
70 turn the thing into a bonanza
IN a few months.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Defer Construction
OF DEFINING Plants

WASHINGTON. Feb. 10.
WPB has deferred proposed con-
Structlon of 10 additional dctin-
ning plants throughout tho coun-
try IN order that equipment
fabricated for proposed plants can
be diverted 10 more essential war
production needs. Chairman Mel
son emphasized poStponcmcnt docs
not mean the need for tin has
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Engineering Awards
Far Below Year AGO

NEW YORK, Feb. 13.-En-
construction volume for
the latest week totaled S70,939,-
600. q decline of 13 per cent from
a week ago and 80 per cent be-
low a year ago, according to En-
gineering News Record. The cur
rent weeks construction brings
1912 volume TO S379. SOL 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Take Larger Quarters

Visual Training Corporation,
producers Of educational film and
manual programs for the Army,
Navy. and air forces, announces
its removal to a new building at
S15 Bates street The company
more tina ndoubles lis studio. pro
and editorial space in the
larger quarters.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Oxford Bank Makes
Final Payment

r. f. Byrne. liquidator for the
trustees of the segregated assets
of the Oxford Savings Bank, an
.nounces payment of a ninth and
final dividend of 6.12 per cent TO
'creditorS of the trust. The amount
of this dividend IS approximately
SIT 900 and makes total return
of 9O62 per cent to depoSitors OK
the old bank.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Detroit Edison Earns
S7,837,72O in 1912

Detroit Edison Company and all
its subsidiaries for 1912 report a
net income Of 1881, 720, after
provision Of Sll $4,000 for federal
income and excess profits, taxes,
or S1.23 a share, against Sl2.443.-
l56 or Sl.96 share in 1871.
when federal tax provision was
s.. 255. 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Twice as Productive Imagined

Nevertheless, output of electric power to 232
billion hlowat hours from 20S billion in 1941 and this year
production expected to rise to $50 billion kowatt hours
discovering something in these dark days of
We discovering that America is twice strong twice
capable productive before imagined
proving that the shop forge and factory there
physical achievement that may be desirable that
possible to
America last finding out how TO strength.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14

Arthur b. Gun
narSon, is man
ager. domestic
distribution de-
p a I { m Q n {
{ h a m b g = OF
Com m cree OF
the u n I @ d
States. He is a
graduate of the
u n iv erSity OF
Minnesota a n d
the II a " a r d
G. r a d u a t c
ADMINISTRATION
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Trend Of Sales

WV YORK FEB - uSs1 -T1'a
sales.
stock EXchsngs stocks. 7gf SEQ shares
bonds St.722 500
Curb Exchange stocks go ssh shares
bonds $3.50 GOO
Biz board sales throughout the daF.
open 90 ~ .00-2q7 $50 shares
~ n0 g. C'use-ae7 3eo shares.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14

School Of Business ADMINISTRATION.
His subject will be--"Develop-
ments in Washington Affecting
Business"
Joseph A. LEM, accountant
Fisher Body Division of General
Motors Corporation and a past
president Of the Detroit aSSOCia-
ton, will be meeting chairman.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Cost Experts
Meet Thursday

The Detroit chapter Of the Ma
tional Association of CoStAccount-
ants will hold its monthly meeting
next Thursday at the Detroit Lc-
land Hotel starting at $50 p. m.
The speaker for the evening,
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Montreal Silver

MONTREAL Feb Il The SILVER mar
hct closed steady with February 80 10 bid
no transactions
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14

Election Of Emerson as a
vice president OF Ruthrauff &
Ryan, Inc, advertising agency,
IS announced i'm New York.
Emerson has been a mem
her Of the Detroit staff for
the past 10 years assigned
TO Chrysler and Dodge.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
Rickenbacker Reaction

Capt. Eddie Rickenbacker's
declaration that if those under
going inconceivable hardShipS on
battlefieldS could change places
with workers in war factories,
production would be increased 80
per cent, has aroused fierce in
dignation among labor leaders, so
much so that the Go has reSorted
to paid advertising in an attempt
to answer Rickenbacker's criti-
.CiSm.
His blast came at a time when
according 10 report, union leaders
were contemplating new Fwage
demands.
Renogotiation Of war contracts,
lie is generally admitted was justi-
fed, although the complaint is that
the net effect has been TO penalize
efficiency. favor inefficiency.
Both the government and in
duStry now have had sufficient eX-
.perience to make contracts on a
sound basis, so that, II is con-
tended, no -renegntlatlnn- clause
should be inserted in contracts
from now on.
Many employers urge that the
government should liberalize its
policy in regard TO permitting set
ting up reserves to meet the COM
ing transition from war 10 peace
work, TO take as great care as
possible OF work forces when war
contract cancellations come. 50
that repetition of what occurred
Immediately after the World War
may no aVprtnd
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-02-14
u. 5. Men Vexed
At Radical Rule
Of Unions Here
Motor Maenate Tells
How Output Says
Below IS Pet. Mark
BY B. C.FORBES

Facts gathered during a speech
making tour in Michigan:
A high federal government Of
fetal in Detroit, in a position 10
speak with complete inside knowl-
edge. confided that extremely
radical elements have now gained
the upper hand in leading unions
and that the authorities are dis
turbed.
The head of one. large automo-
tive plant engaged entirely in war
production revealed that, although
the company's relations with its
workers are friendly. output is less
than IS per cent of what it could
be and should be without entailing
any strain upon the employees.
"And our ratio is better than
in most plants" he added.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
Livestock Markets

CHlCAGo.- MACH a. uNs)-HoGs-
5 900 s'ead> .op, xi5s5; ntiik,-xl5 ION
~ %, hesvies SIS 6om 1888 mediums,
SIS 7o0 1898: lights, SIS s01is 20 light
lghts. SIS. Ti5 IS packing soes, SIS. IS
q IS IS pigs, Sl3uls
CATTLE . SOC, steady. Calves - 100
steady Beef steers Sisui7 so: medium
'l3H l6. yearlings Sl3n17 butcher cattle
efers Sil N $50; COWS S1tTl475. bulls
Sil 5Oui5. calves. Sqffi7 so feeders, $40
10 1850, stockers. steers, Sii1l5 so: cows
AMI heifers Sl01i42S.
SHEEP 600. steady. lamhs $3.50
Is 50. common. >l4fii6 ySarlings Sl3d
1913. ewes $50 So feeders Sisa IS so
EAST BUFFALO
FAST BUFFALO March 81 UNs,
HOGS--Nous nominal good and choice
i7O-2f0 lbs quoted Slh.S0I 1850: rom.
pared to- week ago general trad. active
strong ~ ! o. higher
CATTLE - closed active unevenly
higher supplies below immediate require.
r1ents, good - choice steers SIS sou
Is SO. spsringy ST. distinctly shortf.d
kinds. ttS1ls beef cows Sl2 25Ti3 few
Sl3 So cutter and common. 50 1871 so I:
Gamers. g. 25T9.s5 s'rongpeisht ssusag.
bulls 20 So 50
CALVES None vealers soc under week
aTo good ard choice, tlsd1s So
SHEEP None lambs scarce during
week NsstS good and choice 75-as lbs
SIS son "a - shorn lambs M peits
SIS - ~ ls NJ around SIS. No !
0OWnV4Fr - SIG
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
DISMISSAL WAGES

Where corporate management
is managing Government-owned
war plants. il Will. AT least in
lis public relations. have 10 take
the rap for any rapid tapering
of Of operations resulting in un-
employment Many will fail Ia
understand that the corporation
IS merely the agent for the gov
ernmeni working on a coSt-pluS.
affixed fec basis. From my view.
point the cost Of dismissal
wages is a legitimate part If
current costs Of producing mill
tarN goods. but government al
authorities have not been will
inc 10 accept this view.
Nevertheless, AS a goodwill
gesture, some companies are
earnarkinC part of their own
corporate savings in order IN
provide a dismissal wage out of
their own funds with which 10
provide for men and women
whom they have hired on behalf
Of Tho government
Others are. conducting re-
search INTO postwar products
with the Ida of attempting 10
provide employment for arma-
ment workers now under their
seeiS in civilian products after
The war Management intends
10 do us best 10 provide Jobs
for al least tho most efficient
workers now under their direc-
ton.
Such thinking goes in The right
direction but in order IN be sue
ceSSful. businessmen will need
favorable political and economic
climate in which 10 operate.
This will depend on conditions
making for a balanced national
economy. which in turn, will de-
pend on tariff End farm policy.
governmental Monty and
maintenance NJ the private en-
terprise system.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
OILS SHOW STRENGTH

Several of The oils made new
tops Philip Morris rose a point
IN tobaccos and J. G. Penney
gained one in It's department.
Glenn l.. Martin rose in a strong
aircraft section. Lockheed fea-
tured in turnover. Dow Chemical
was strong and merchandise were
higher in most instances.
In the rails. minor losses were
noted in Santa Re. Chesapeake e.
Ohio. Great Northern preferred,
Southern Railway and Southern
Pacific General Foods made a
high in us section and HomcStakc
Mining was Al It's best OF The year
in the gold miners Certain -Teed
preferred gained nearly 4 points
snd advances NJ point and more
were noted in International Silver.
WeSSon OH ~ Snowdrift, L. 6. f.
foreign securities preferred and
Mueller PraSy
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
Montreal Silver

MONTREAL. March a In, silver mar.
Net closed steady today with March % IS
biz. No transactions
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
Detroit Produce
BILLIONS
OF DOLLARS

APPLES Michigan bu. cr's O. 8 ~
q. ~ :, mn gn Ne. o,nersi' stated
good 81 7ir2 IS. Northern sEy' S. - '
soe aus H.gn - 81 - S'ss BEDS
2 a. isir 'o generally GOOD s. s312 fsv
t3d7 IS Yea YORK Rome Rssu'ys O. :
Wssntns'nr no1 Delicious 'sHc,. 81 'i1,'
g. T'0425 'sV sH.72, 'ou 40 81 Extra
fsr,t Al .is. nN4 50
ASPARAGUS Calfornh ryrsmh eris
AVocApos- caHf5rnis n.,, ru.r,,,
2o-3o'. s. 5op2 - far quality 7os. 5? %
REFTs rs,n cr,. s-aor. heb.
BROCCOLI Tsrs' r"ov or. IS 80.
California Arizona p70, rrs s. 5ops IS,
CABBkcr Ssv uocs Fioro. soJo
sacks round So 80 ~. ru hampers.
round So Csrforna J.. 4 crif. round
CARROTS Csrforr,s = cr's s.dol
mostly s. 1915 f'N hrEh'r fsv s. 2SH
80 TF1ss / crs s-doE 6on' - p
fait 50 - So.ls 0cs s'7'. cslforri.
C.TLIFLoVER California pony or,,
12s sod largsr. 75T3 IS
CELERY Fla ls-tnch cts MINNIE
cops individually Wssaef t.los 81 80
. w. S7AI ~ f-W - Pa-fai 2l1,
t.t1J tia4 50. far. - Son 75. smaller.
81 -
CucrABERs Hotnous.. Ind boxes. /.
'sac, 81 SIS, Specials and ~ d, 50 Is
20 u.s. ONO boxes -drl fancy 81 80 N
? IS y - 50 i5127'
aF FFyE TT ~ ~ ' IT,. . sa3 iSs oSa.
~ boxes e. s 30 J. s. sa Ter Marsh
ss'rsss comb. grad" All sires wire bound
boxes 81 7oH s.. Marsh Pinss. sd boxes,
la A
LETTUCE l. a cr's. icsh'rE Arm
Yuma and Phoenix Dts' SIS x4yOua
mostly 1875 ordinary 20 fsr 81 50 -
50 Mesa Dist. 1-s-do1 81 5on'. few
LEAF LETTUCE Hothcu,s lo.lo b,su
OHIO Mich s. %
Mushrooms ono Pio". 2oa22ne.
=" Q Onions sclo .aes. Neh a. No !
Yellow med. 81 20
ORANGES Csuf 80 hoxs. Nsv,s
s. IA r. al siSs' ia we hound
boxes comb. rrsde NslrnciAs and Pine
poorsr s. = box bags comb grade
s. s'p7 mostly 81 few h'sh.r. NJ
PARSLEY Tex - CT, curly punched
PEARS - oregon box n Anjou.. extra
fancy. Po-lsn. S5qS50
FFPPERs Mex, an - bu crates Cali
fofnla wonders. Si2 Florida World Bsst.
POTATOES ioo-lh sacks Idaho Russo,
Rufusnhs. T.. 5 M size A So Maine.
vsfiuus vaus'ies 40 I SIZE
81 t'13 So. North Dakota certihed rsd
Cohnlrrs 81 o.. Maine selected seed SO
Mafrs rertthsd seed - 2514S0
SHAlLNTs Louisiana harrsls far N
GOOD. Nlf0 is '0 mostly SIS. crates.
S.doE IS 6SDs
SPINACH Texas IN baskets 81 %
cartons dor csnophars rags WASHED
spinsCh. ~ n. 81 IS
sTRAwBERRIEs- 80 supplies ~ ths
narket
SWEET POTATOES RusheI crates T.
NJ l Porto Rcsn Yame. LOUISIANA $50
As. rsconditioned 50 S0T rs Gsoreia
bu. baskets Porto Ricsn Vans Sf2S New
jsfssv hu hampers y q NJ 7 JERSEYS
s. 7S North Carolina mn baskets Porto
RlcAr Vans So 81
TOMATOES ION cartons ~spsrks
MEDIUM 81 Is smsl s. -
RtTARAGAs Canada S0.lh sack,
waved 81 1909
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
ANSWER TO LAST WEEKS PUZZLE

King Features Syndicate. Inc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
wISSIPEG GRAINS
TOLEDO CASH GRAIN
Farmers Market

FRUITS Apple, Rald~ins, fancy, 81 IS
az No aln % hu Deliclous fancy
50 5o74 bu.. No. s. 75p2 Is, Mcintosh
81 Is greetings fancy ~ 50 NJ. 10 /
eoc ftl Is NorthsIn spies, fancy S? 'oa
go hu. m. 81 50m2. No. ? 81 Is
81 o42 NJ ? 81 s'esls's RED. fsnoy
- 'og27' ~, No. 81 5op2, No 2
LETTUCE AND SALAD GREENS
tr.nch Endv. fancy 81 rs S-lo. box, No
vEGET ABi.Hs. MISCELLANEOUS
ees's topped. No. SIG 50 bu.. 40. :
IS .csebssg. No Sc sog2 = sg,;
pu. Carrots. topped, 80 sl.7512 hu..
So. ? $50 cslsD root, fancy So bu..
10 s2n2 30. Chive'. No. 81 25l so.
Horsersd.sn fancy. s. bu.. No. /. So 3on4,
Onions dry. fancy 81 50.lo sack. No l
- y Is. No 81 Psrsnip', 10 san
81 2sai So M Potatoes sncy s. 81 100.
IN sack. No : S1pf25 Radishes. red
No'houss. No. 'ITl - doy hchs RACK
tsdisnss. NJ y M Rhuoarb. dollhouse.
Shl IS do1 ochs Ru,sbssas NJ. J
81 'oD2 ~ Tufnips. topped NJ ! $50
. 80 nu No. So Vegetable oysters M.
FGGs LaIss sil.5ogi2 50 5o.do1 case
POULTRY Live hens heavy breeds. q
NJ SIC n ieghof-s 3Ef soc 10 brrlfers
Sun BIC IN. leghorBS> a. S5c TO-
HOGS Dressed medium. s0T Sc IN.
CHICAGo
CHICAGO March p CINSl RITTER
7Ss tGhs steady. Extras, q2-score a
t6c standards. p0-sc0rs cars ' 4bs, p .
extra frs's g0-scors Il 90 IS hrs's IS
50 score C." 4iq So, specials. s3-sco-s
~ lsi4c
Eggs y eff eases seadv = - ~ Cur
rent receipts 35c fresh extra firs's IN u
&c i-c dirties So. chscks 81, con-
tract graded M. / IS,
CHEESE Twins, 25'1c dai0es PRINTS
and longhorns 2Scs
LIVE POULTRY Close1
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
Vast Postwar
Seen
Continued from Page 12)

10 me, for example. that inner
ont in present costs are the
deferred postwar expenditures.
such AS dismissal wages 10 dis
charged employees and expenses
Incidental 10 reConVerSion of old
factories to tn cir peacetime
functions.
In renegotiation proceedings.
governmental boards have n
some instances al least. refused
10 cnuntenance as costs these
deferred charges
On the human side. the in
cllnation is 70 take care Of
workers 70 he released from
armament plants through the
framework Of the social security
system instead Of directly on
huSineSSlike basis.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
Wheat Shows
Easier Tone
In Late Trade
We Drop Due TO Bullish
Crop News; Rye Uneven
as Oats Move Higher

CHICAGO, March u ms
Wheat was easy today due 10
favorable crop reports and uncer-
~ ainty over pending farm legisls-
ton. Prices closed &c 10 &c off
and generally were AT the low,
May selling at Sl44&4
Oats closed nc 10 &c higher
after ruling steady TO moderately
lower earlier
Rye finished &c higher 10 = C
lower after holding TO range Of
bout cent
Corn continued 10 hold al the
ceiling levels.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
SAGINAW Markets

SAGINAW. March - turl TO-DAY,
paving prices 70 growers for beans:
Pea heAns IS 30 light rcd kidneys.
yellow ewes SSs5 c r e light Gran.
herries $50 c. r G darn cranperries.
s. so
Whesf 81 saulai, oais 1850 rye
- y 7sc six roVed barley. 81 aTr2 buck
vhssi ~ sTq2 70 corn. escdSi SOY.
beans 81 As
Prices furnished nv Michigan Pssr CO )
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
Sales High Low Close

y cent LOO 100 - r. IA lAia q
Sales, including od1 lots ~ eos shsres
Dividends ~ the fore going table are the
amounts declared ~ paid 80 Ear this yssr,
unless otherwise noted. a-Psid In 1861,
ea- x-diyidend.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-28
Stocks Finish
Uneven After
.Profit-1akinq
Activity in Cheaper
Issues Dies Down;
Few Special. Climb
Nv ELMER G. WALLER
uris.d p~. Y,rsse,si Editor

NEW YORK. March 27.-Week-
end proft-tsking brought irreg-
ularity into the stock market
today after rise yesterday 10 new
highs since Nov. IS, 1910. Volume
lightened.
Price movements were narrow
in most sections although a few
special issues had gains ranging
10 S points in Paramount first
preferred. called in May. The steel
shares essed slightly while the
motors were mixed. Rails held
steady 10 slightly lower and util-
tiles steady. Oils balanced off small
gains and losses.
Activity in stocks selling under
S. share lightened as Stock Ex-
change governors ruled that trad
Ing in these must be for cash on
and after April !.
RAILS ARE SOLD
Proft-taking came into reorgan-
iZation railroad issues on the bond
market To feature an otherwise
steady list. Foreign issues were
mixed with the bulk OF trading IN
the Lstin-AmericanS. l. 6. gov
ernments were dun and commodi-
ties moved narrowly,
In amusements. new highs were
made by Paramount ISSUES and
Loews Warner Brothers pictures
equalcd IT'S high.
American Sugar made new
high. rising more than a point
The Gsrm group was firm Johns
Manville featured the building sec
tion on a l-point rise 10 new
high Laclede gas issues continues
10 move into new high ground and
the preferred stock gained Z
DOInts