The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1939-03-28
BEHIND The
TICKER

NEW YORk-Government bond
trading circles see the $1,000
000. 900 outstanding pa per cent
Home Owners Loan corporation is
sue being called some time in May.
The bond has a provision that it
may be called on two months no.
tiee and redeemed on any Aug. l..
But with interest rates so low, and
treasury issues in demand. the
whole lot could be converted into
a two per cent issue.
Since the treasury has no heavy
loans or notes due this summer. II
is expected that the Hole will
refund its PAS. thus effecting a
better than 100000 annual in
terest savings.
But-If.-General opinion is that
automobile companies are in imme-
diate need of steel requirements.
This-said an auto producer ~ Is
untrue. II was his opinion that
most auto companies have their
needs right through April, with
Buick already set with require
ments through the month of May.
AS for the steel price structure
said the nformant-there1l be no
boost If auto men can help 1t. He
said producers are very anxious
for bookings and therefore would
maintain current levels. But, when
auto makers need steel, they need
steel. So, If steel men did boost
prices and insist, auto makers
would be forced to pay.
Sugar-Sugar trade advices are
that for the crop production year
ending with Aug. 81 world output
will run at 27.s06, 900 tons. a de-
crease OF $4,000 from the rs
561 900 figure of a year ago. 1t
is estimated that world consump-
ton this year will run at q, 824 900
tons, an increase of 434 900 over
last year. And with Secretary
Wallace announcing a downward
revision of sugar imports of 1911
tons to 6.755,3S6 tons, sugar prices
are expected to respond favorably
to any consumer buying.
ShOes-The shoe industry looks
for a record volume of production
this year. Output for the first
three months will average 30 per
cent ahead of the corresponding
period last year. The enthusiasm
is based on the fact that not only
will consumer purchasing power
be larger during 1889, but that
Czech imports will be nil. More
over. dealers stocks are said to be
unusually low.
However. the above works only
on domestic matters. Export mar
kets are not as bright. Inside
trade data is that NaZi Germany
will step up Czech shoe output to
new record high levels for dump
ing in world markets. This means
that while American shoe domestic
sales will run at high figures, ex-
ports will show a sharp decline.
Reports Are That; Railroad load
ings running eight per cent ahead
of last year-payrolls only one-half
of one per cent ahead Portfolio
positions in Hershey Chocolate re-
tanned on belief company's net fig
ures will show improvement on an
ticipated rise in cocoa prices . . :.
At current levels New York City
Omnibus shares overdiscount
Worlds fair prospects Phelps
Dodge received $3.50, 900 copper
order from the Jacksonville, Fla,
municipal electric power plant i.
Inland Steel's "Ledloy" patent
becoming a large money maker
Crucible Steel latest to be licensed
No Western Union common
share dividend likely this year
that kills Tip" rumors Dow
Chemical revenue and sales con-
tinue to expand Kalamazoo
Stove in a position to benefit from
increased residential building
Liggett 4 Myers current business
averaging only fair" - so said
president of company 49,.
For greater speculative appeal
United-Carr Fastener being switch
ed into BendiX-for long-pull
Allis Chalmers current quarter
net expected to be 40 cents share
And, that the Rockefeller and
Carnegie endowment funds COM
pleted buying shares at recent high
prices and just prior to the break
last week on the new war scare.