davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
Stocks Firm
In Slow Trade
Motor List Ignores
Conversion Delay
BY T. w. KIENLEN
United Press stan Correspondent

NEW YORK. July IS (UP)-
Stocks staged a moderate advance
today in quiet pre-weekend trad
ing.
Action of the automobile
spokesman in rejecting WPB pro-
posals that plans be completed
now for postwar reconversion was
interpreted as at least partial in
dication that war production still
will not permit even preliminary
planning ahead.
However. there was no imme-
date reaction in the motor shares.
General Motors and Willys-Over-
land had small losses while Chrys-
Ter held virtually unchanged from
its previous Level.
American Telephone was about
unchanged, despite disclosure that
June quarter net income failed TO
cover dividend requirements by II
cents a share. June net was re-
ported at S2.13 common share,
against 1922 a year earlier. The
company also announced that II
now has on hand orders for more
than 100000 telephones which
cannot be delivered. However, all
demands from war industry and
the services are being filled i'm
mediately.
Sugars were firm under leader
ship of Fajardo, which advanced
a point to new high. Spiegel,
Inc, common and preferred, rose
to new 1914 tops in the mail order
group. on gains ranging to more
than a point in preferred.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
New Insurance
License System

LANSING, July Is (UP)-In-
surance Commissioner David A.
Forbes today had announced es-
tablishment of a new sys m
speeding issuance of approx
mately $4,000 annual licenses re-
quired by insurance agents.
BY use of time-saving tabu-
lating machines. approximately
$1,000 a year will be saved and
about 800 insurance companies
will be relieved Of necessity for
preparing license acquisitions for
various agents, Forbes said.
Installation Of the new system
was effected following surveys
conducted by Robert S. Ford. head
of the department of business ad-
miniStration.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
OFFSET IMPOSSIBLE

IT is my opinion that the guam
tity of currency Including bank
deposits is so large and so apt
10 increase further, that no prob
able expansion of production will
offset il.
Second, the argument that pro-
duction will counterfeit initiation
leaves reserves out of the picture.
II assumes that there is no limit
to the quantity of money and
credit currency, except the guam
tity of goods TO be exchanged.
But it is easily possible that a
time would come when as the
quantity of currency increased, it.
would be so much in excess OF any
definite reserves that fears would
arise concerning the possibility of
"cashing in Then. regardless of
the quantity Of goods, the value Of
money would decline, and prices
would rise.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
Fit for Combat

And gradual reduction IN
hours of flight compared with
increased production has been
shown. In fact more than half
of the giant bombcrs were pro-
nounced "fit for combat after
the first flight.
During 1912 a total of 1877
hours and 40 minutes Of flight
time was recorded, with the
first Liberator accepted on
Sept. 30. During 1913, total
OF 1886 hours and 45 minutes
flight time was chalked up.
But the fact which clinchcS
the iaureis for better, more effI-
cient plane production out there
is the astonishing slash in the
number of flights. This year
only 1884 flights were made,
while last year 1881 flights
were necessary TO test fewer
planes.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
FAILS TO AGREE

With this argument l do not
agree. First. II assumes that as
production is stepped up there
will be no similar increase in the
quantity of the currency. II as
sunes that as the quantity Of
goods for sale increases, the guam
tity of currency (and its velocity
Of circulation will remain rela-
lively constant. Otherwise, as pro-
duction increased the supply Of
currency might rise with il, lcav-
ing intact the present tendency
toward rising prices.
But what chance Is there that
this condition would exist? II
seems much more likely that in
order to encourage production,
credit currency would be eX-
panded. II is practically certain
that the turnover of deposits
would increase AS production OK
banded. thus increasing velocity
and the supply Of currency.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
Grain Prices
Close Higher

CHICAGO. July Is GNSl-
Wheat was in fairly active de-
mand today and scored gains
ranging to Ia cents before re-
acting partially Last prices were
a to | cent up. July led the
advance and reached $l5S9s
Oats were firm late and moved
up as much as a cent before
backing down eighty 10 close
Is TO q cent higher,
Rye rallied in late dealings
and finished unchanged 10 - cent
higher. Prices were moderately
lower early.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
More Flights
PEA Expands Detroit
Flight Schedules

Pennsylvania Central Airllnes
Saturday inaugurated additional
schedules made possible by the
return of another airliner from
war duty.
The new service includes three
more daily round trips between
Washington and Norfolk, Va, a
new daily 79-mlnute nonstop
flight between Detroit and Pitts
burgh; the continuation of this
flight from Pittsburgh TO Wash
ington and Norfolk; and new
evening flight from Washington to
Pittsburgh and Detroit.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16

had to undertake at all times 10
keep the sea lanes open.
Apart from superficial talk
about salvation through monetary
manipulation, some thoughtful
students believe that the British
may have to 60 through the pains
of fundamentally redesigning her
national economy. II is radically
new position to Great Britain IN
be debtor. rather than creditor.
vis-a-vis the rest of the world.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
HummeI Now Member
OF Controllers Inst.

Charles Hummel comptroller Of
Bendix Aviation Corp, has been
elected 10 membership in the Con-
trollers Institute of America. The
institute Is a technical and pro-
tesSional organization Of control
iers devoted 20 the Improvement
OF ControllorShIp procedure.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
What S New
In Business
Ford Know How Cuts
F.iqht lest Needs
By WARD SCHULTZ

Test pilots flight operations
crews. and Ford Motor Co tech
uicians have combined 10 chalk
Up an enviable record al VII
low Run.
The recent announcement
that 5000 Of the 5000 LIbcr-
ators turned out there were
flown away from tho plant
focuses attention on the tre-
mendous job OF flight testing
these planes.
The crews have hecr IN the
air" almost as many hours as
bomber production Is old!
When the 3O00th bomber was
flown away from Willow Run,
test crews had flown 1540O
hours-a total Of nearly two
solid years of flying time.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
0Lough|in TO Be
Sales Official

L. 3. OLoughlin, president Of
the Detroit Sales Executives Club
and manager OF International
Bushes Machine Corp, was
elected vice president of the Ma
tional Federation Of Sales EXecu-
tives at the annual conference OF
the federation in Chicago.
George s. Jones. vice president
of Servel. Inc. of Evansville, Ind,
was elected president of the fed
Grafton.
Plans for further training of
postwar statesmen were developed
a. the conference.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
Control
Blasted
Sees Money Gain
Pacing Goods Output
DETROIT SUNDAY TIMES
BY LEWIS HANEY

Professor nf Economics y. }. hiNersity
In yesterdays discussion OF the
probable future of commodity
prices, OF The purchasing power OF
money. I gave some reasons for a
rising trend | also made the point
that efforts 10 hold prices down
hy reducing the quantity OF cur
rcncy would be dcflationary and
would be widely resisted
Today ! will comment upon the
proposal 10 hold prices down by
increasing the production of
goods. II is often argued that
after the war the output of civil
ian goods will be so much larger
that supply VIII equal demand.
Present Scarcitics will disappear,
and prices will not rise. 1t is
argued that the idle dollars could
then he used without losing their
purchasing power.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
Better Methods

The import Of these figures is
that as production scared, Ford
know how" which brought
about better production meth
DDS, coupled with increased ef-
ficiency by the workers them
selves, resulted in better planes
coming off the lines.
There was a constant reduc-
ton in the number of Liberators
which had TO go back for ad-
justments.
1t all means more planes IN
the air when they're needed.
less cost TO the government
and better Liberators on the
fighting fronts.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
British Reveal Bad
Financial Position
Colonial Delegates Force Admission
of Critical Wartime Deterioration
BY MERRYLE STANLEY RUKEYsER
international News Service Economic Comnnentater

BRETON WOODS. H. July l5-The forcing of decision at
Nations financial conference delegates
from India and Egypt the handling British unsettled blocked
neessated candid disclosure by the British delegation
financial position the United
Kingdom.
British have taken genuine The British has disposed
all liquid of which accumu
l0Oyear well gold foreign exchange
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
lower early.
CHICAGO CASH GRAIN

CHICAGO, July u dNsl WHEAT
No ? red. Si57e, qt5s. No hard
81. eoui.sl: No ? hard 81 594l So, /:
No mixed. 5s01.5sls, No. dark.
hard 81 6OnI 6Ois 80. > dark, hard,
81 SO No { dark hard. 81 %.
CORN-None
OATS No mixed s0i4c: No .
white, SOC; No white. Toe. sample
grade white 72q 75c, No. bed special
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
Livestock Market

PITTSBURGH. July rs UNs)-CAT-
Tile 1873 steady. Steers, good TO choice
S15 75H16.75. medium TO good. $1,000
1878. common % medium. i.75H13.73;
grass steers SpG15, heifers good 10
choice. xi3 50Hl4 medium TO good, Sl2
41f5O. common 10 medium, So 50 n II ;
cows good 30 choice. SlOGll medium 10
good Ssug Gamers ana cutters. 81 30H
Z 30: bulls. good 20 choice, Sll Boa 200 :
common 20 medium. $500 10.
HOGS $50: steady. i60-1s0 lbs. Sl2'bO
al3 %. 10000 lbs. $i4 i0a Is: ZOO
go lbs. Slt10n14.15. 220-250 lbs. N4
al4I5: 25O-3Oo lbs, Si2,25Tl4 10; 800
2s0 ms SilsnIl2 Is. l0n-lbn lbs 50 Il
IL roughs Sl0.25nli.25
SHEEP 100 steady Choice lambs. Sl4
Il; medium 80 good. So y 10. common
lambs S6ns: ewes, 81 50a6 wethers,
N1rT
CALVES so steady Good to choice,
SIsu17. medium, S14ni5; culls and com
mau SfQln.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
TOLEDO CAsn GRAN

TOLEDO. O. July - dNSl - Cash
grain on track;
WHEAT No red. soft 81 ~ u -
CORN No yellow 81 49, No.
yellow. 81 1885,.
OATS No ? white. s0uSic. No.
white 20 70 soc
sOYBEANs No > yellow, 81 81,
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
Trend of Sales

NEW YORK July 10 CNs)- Total sales
stock ENchange stocks, f2o.bip shares
bonds 50 sq6 500.
curb Exchange stocks, 1856 SIS shares
bonds 1902 600
Big board sales throughout the day
Open toni 90 lti5lu shAree
Z 00 toNrIose. 2l6 33O shares
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
enc AGO

CHICAGO July - HOGS
600. steady TOP. Si375. bulk good. Xij
4Ir75 soWs ST. 20 % II 60 heavy weight,
S2H's ~. medium weight. Si3 70 light
wetrnt ST. 1,ul3 so JErt lights N2 30
Ila p8ltnE sovs. &ii 30 II 60, pigs.
So
CATTT r.. -nu. steady Calves 100
steady Beet steers good and choice. SIG
8iT so. common and medium. Si3ni6
yeafungs So ~. Butcher cattle hefers,
sfOHI7. COWS S1uuI3 30 bulls 81 10 ~ ,
calves. S911t 600 feeder steers Slon
f7 rs. stocker steers. 50 t3 so. stocker
COWS and helfsIs. AsH12
SHEEP 2 600, STEADY MEDIUM and
choice lambs SifH -. DuHs and common,
Sl2Hi4 ycarliugs S111i3 80. common
and choice ewes. $4,000. feeder lambs.
f1l 10.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
MINNIrIG GRAIN

WINNIPEG July IS GNSl Rye closed
V 90 :, cent higher today. july, 81 10lz
hid October 81 49,; December, s. II 2,
4tI.l2 May. 81 IA. sold
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16

In addition. 1t will by the end of
this year have outstanding, ac-
cording to Lord John Maynard
Keynes, an unsettled war indebt-
edness in sterling balances APP
preaching $4,000, 0O0, 900.
This does not of course measure
the full war debt. as in addition
she is the largest debtor TO the
United States on lease-lend &C
count, on defaulted World War /
war debt to the United States
treasury, and besides has mount
ing internal sterling war bond
debt to her own citizens.
SERIOUS PROBLEMS
With ultimate victory in this
war in sight, the United Kingdom
nevertheless has serious economic
and financial problems ahead.
1t will be Spartan task to try.
even over a long period OF years,
to attempt to liquidate a $4,000
100000 sterling Indebtedness
through an excess of exports over
imports.
II a serious attempt 10 do so is
contemplated, the British might
seriously consider achieving this
difficult objective in part through
cutting down on imports. This
would be possible If home agricul-
ture were cultivated in line with
an elaborate program developed
after World War l by the Liberal
party and presented in book en-
titled The Land and the Nation. :"
TRADITIONAL POLICY
The traditional British policy Of
importing cheap" foodstuffs leads
TO a pinch not only in wartime
but also in postwar attempts 10
liquidate accumulated indebted
ness.
Some observers question
whether the policy Of importing
Cheap" food from the colonies
and elsewhere was really in the
interests of the island kingdom.
For. if the books OF the kingdom
were properly kept. some of the
huge cost of the British navy and
the elaborate consular system
would be properly chargeable TO
the total cost of imported Cheap
food. In order 10 assure food
supply on this basis. Great Britain
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
rRuax.rRAER COAL co.

Fiscal year ending April 30
1914 1913
Net profit Si133 5O4 81 O25. 049 /
Common share earn S2.3l S2.l0t
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16
NJ. Y. Cotton

july SO 81 ~. ~ 70 @'f7' OFT. WEI .t. p.
ClUsInKs Aug q ofnt SEPT. ~ so 4
Sog. 81 5SA ganN y t4p teu ~ ISM
Apr, ~ 23n June, 2i.oor
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-16

Divideads In the foregoing table are ths
nmnnnts declared OF pnIh 80 far this year.
The Waterbury Democrat., 1944-02-23

Both organized labor and private own
ership are here to stay. Everybody, ex-
cept handful of ultra-radicals and I'LL
tra-conservativeS will agree to that But
within what boundaries are they to stay?
There you have the point at which
rnaninity of opinion vanishes. We have
been seeking the answer to that second
question for years, not only without
much success, but without much system.
The search has been marked by IMPROVE
sation and laundering, by hot heads and
harsh words and blOodshed. War has
brought us no closer to the solution. And
the proposals and demands of most post
war planners do not offer much future
promise. But there is one cheering piece
of news in the midst of all this chaos. A
forthcoming bill in the New York state
legislature, already assured of approval,
will establish School of Industrial and
Labor Relations at Cornell University, to
begin operation next year under state
control and support
It will be open to representatives OF
management and labor-or to anyone in
terested for that matter All will be
taught by the same instructors, and will
tackle the same problems. The schools
trustees will include, under the proposed
bill, the heads of the New York c. I: 0.
and A. F. of L., the presidents of the state
Chamber of Commerce and the Assoclat-
ed Industries of New York State two
members of the state legislature, the
state commissioner of education, and the
president of Cornell. All of them, Incl
dentally, have already approved the plan.
The schools opening is being delayed for
a wear because it is felt that competent
and unbiased faculty could not be as
Eernbled at present. That decision, be-
sides being wise, is a pointed illustration
of how short a way we have progressed
toward solving perhaps the most delicate
and difficult problem of our economic
life.
This new school offers no sudden Uto-
pia, of course. Its reason for being is pre-
dictated upon the assumption that labor
and management are going to take 1t Sc
riollsly. There is no orderly structure OF
tradition on which to build curriculum.
And if the interested parties bring their
old animoSities to school, and line up in
the classroom like opposing armies, as
they have too often done across the con-
ference table, then the schools purpose
will be defeated from the start. But that
doesn't mean that it is not sane, logical
and long-needed approach to the indus
trial relations problem. After the war we
will not need more labor boards and strike
legislation to solve it. What we will need
is transfer of this problem to the realm
of "higher learning" And an institution
devoted to just that seems a good place to
start.
The Waterbury Democrat., 1944-02-23
A Family Problem

AS March 18th draws nearer, the aver
age family will realize that next to win
ming the war, the most pressing public
problem is taxation. Published news
paper reports show that the national in
come for 1913 is estimated at $142,000,-
100000, as compared with $4,000, 100000
in 1889. War taxes to absorb abnormal
earnings from war production, are justi-
fled. But when peace comes, our nation
should be prepared to Immediately adopt
a revised tax schedule, or progress will
be Stifled.
To meet this situation, constitutional
amendment limiting the power of Con-
gress to impose taxes on incomes, inheri-
tances, and gifts to maximum rate of
25 per cent, has been proposed, except in
case of war emergency. If the legisla-
lures of tWo-thirds of the states adopt a
resolution requesting Congress to call a
convention for proposing an amendment
to the Constitution, Congress must COM
ply Fifteen states have passed such a
resolution.
Here is definite program looking to
the formulation of a practical peacetime
tax structure. We should not wait until
the momentum of industry has been
slowed down before providing an incen-
tive to keep it rolling.
The Waterbury Democrat., 1944-02-23
Fighting Tears

At the end of each day during the ST.
Gillian campaign, group of correSpon-
dents would gather for briefing by col
Onel of the Regular Army on the progress
and significance of the fighting One eve
ming they we're astoniShed to see that the
colonel had tears in his eyes as he began
speaking They asked the reason. And
IDS was the answer of tough and cap
able officer who had spent his life as a
soldier: "As 1 was coming up the road
] saw ieep that had been hit by shell
and turned over in the ditch Painted on
the side of it was the name Jennie And
I got to wondering who the girl was for
whom that jeep was named, and thinking
about how she is going to feel when she
knows what has happened" In story
from the South Pacific, Seaman Kenneth
Walsh wrote, "ThoSe are tears you see in
the eyes of these hard-bitten veterans as
they watch the baskets being lowered to
the dock and draped with the flag for
which the dead have given their lives"
The chief surgeon of the hospital tent
which was bombed on the Anzio beach,
head was describing the explosion. AS
he told of the death of his sergeant, "his
eyes suddenly filled with tears" said the
reporter who interviewed him. We should
be proud to read such stories as these We
should be proud to know that the Amer
lean soldier is a soldier who fights with
tears in his eyes. It is no sign of weak
ness, for his tears are tears of anger, as
well as of sorrow and compassion The enc
nv has reared and nourlShed his youth
on the pagan, barbaric doctrine that war
is glorious, that the state of war is the
normal and healthy state of mankind.
Bruno Mussolini proudly wrote descrip-
tion of his warped emotions as he watched
his bombs drop on defenseleSs Philippians.
German air1men sang their rousing war
song as they took off to bomb England
the Jap made war the excuse for an orgy
The Waterbury Democrat., 1944-02-23
Why the Protest

General Marshall says he has received
vehement protest" from the American
public because the Army is using flame
throwers against the Japs. Why?
Even before the story of the mass tor
ture of Bataan's defenders, there had
been stories of Jap barbarism to make the
blood boil What about the eyewitness
accounts of American wounded bayoneted,
of American soldiers beheaded? What
about the execution of the captured fly
ers who bombed Tokyo?
Don't the vehement professors" read
the papers? Or do they think that rats
should be exterminated according to Mar
quis of Queensbury rules?
The Waterbury Democrat., 1944-02-23
Slight Difference

There is, it seems, a small but vocal
group in this country agitating for an
early end of the war, and a negotiated
peace. From England, too, have come
some recent demands for a quick cessa-
ton of hoStilitieS - without the nego-
tiated peace. They were expressed by
General Sir Bernard L. Montgomery.
This war began long while ago." he
said to troops preparing for the invasion.
II am getting fed up with the thing. I
think it nearly time we finished it,
We feel pretty sure that the majority
of Americans incline toward General
Montgomery'S way of thinking.
The Waterbury Democrat., 1944-02-23
BROTHERHOOD WEEK
New Haven Journal-Courier)

New Haven Journal Courier
President Roosevelt has issued a
plea calling upon Americans to OBJ
serve the present week as Brother
hood Week. Activities this week are
not limited to those sponsored by
the National Conference of Chris
tianS and Jews but to all groups
who are interested in promoting
better relations among Americans.
The presidents official message
called attention to the fact that
democracy owes its fundamental
concept to the religious principle
that all men are brothers. Our
country through its history has car
ried this principle into action, and
in the present war all faiths are
serving in unity. This week, so the
message reminded us, is a good time
to renew our pledge to the flag as
the the symbol of justice and lib
erty for all.
OF course, the National Confer
ence of Christians and Jews is
working specifically to achieve these
ends. However, many other organi-
cations have an almost equal re-
sponsibility to further the same
aims. The churches have, for in
stance. So have the schools, social
agencies, and others. Indeed, all or
CARNATIONS Of a public character
if they cannot further the cause of
brotherhood have at least the OBJ
legation not to impede the spirit Of
unity.
However, in the last analysis what
will make for brotherhood in Amer
lea is not so much what the organ
izations do but what the individuals
do. The evils which Brotherhood
Week Is intended to counterfeit are
seldom put into practice by organi-
cations as SUCH Rather, they are
practiced by individual persons. So
no matter how much we may ap-
plaud the ideals of tolerance and
GOODWILL as espoused by group, no
practical benefit viii! be realized I'M
less the citizen applies those aims
as far as he is personally able.
The Waterbury Democrat., 1944-02-23

of slaughter such as the civilized world
has not known for centuries.
The American soldier hates war. He
fights to finish it, not to battle in false
glory. He is not immune to its suffering,
and he can weep without shame at the
loss of a comrade. But he can also fight
with selflesS, matchlesS courage to avenge
that comrade. The soldier who weeps is
the same soldier of whose heroism and de-
votion and sacrifice we have read so many
times since this war began. He is the
man who, in the midst Of war, still con-
siders one human life to be precious and
important.