The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1939-07-25
BEHIND The
TICKER

NEW Y0Rk-By the close Of
this month. second quarter corpo-
rate financial reports will be COM
ing along in bundles most every
day. Private advices are that not
only will the reports make favor
able reading when compared with
those Of the first three months,
but they will be extra good when
compared with the second quarter
period Of last year.
It's admitted. however. that third
quarter financial reports may not
be favorable comparative reading.
This because business recovery got
started during that period in 1888.
For that reason 1859 third quarter
showings will not make as good
gains over last year as those OF
the previous two quarters
July. August and September are
stimulated by war boom.
Expecfed-Tslk Is again rife in
commodity circles that the Inter-
national Rubber Regulation COM
mittee will increase the rate of
export quotas. That's not news TO
readers Of this column. Several
weeks back IL was reported here
that the present SIS per cent figure
would be boosted to so per cent
and not IS per cent as is being re-
quested by the British and Ameri-
can governments.
The new talk is based on the
fact that June stocks of rubber
were at two-year low mark. In
fact, world consumption OF rubber
during the month of June was 1000
tons above actual output. Thus
the inventory position of the in
dustry was further reduced.
The latest from Dutch rubber in
formants is that the committees
meeting, scheduled for next Tues
day. may be postponed for a later
date to give members a chance to
size up the situation throughout
the world and see what demand
will be for the balance of the year.
But the so per cent quota figure
Is EXPECTED just the same.
Buying-The best of circles are
reliably informed that Pennsyl- |
vania Railroad will report a net |
profit for the first six months. This
will compare with deficit of |
$4,49e.776 for the like period last
year.
Long-range private estimates are
that Pennsylvania Railroad will
show as much as $3.50 a share
a few pennies more or less-for
1899. The word is that dividend
distributions will better the so
cents share paid last year. One
or two sources say it may run as
high as 81 share.
Portfolio managers like the
shares because of their sustained
earnings ability and dividend rec
ord. But aside from that, the roads
strong financial position always is
given reimbursement considera-
ton. Pennsylvania current trend
of earnings points upward. That's
why there's some buying taking
place on price concessions.
Reports Are That - Copper in
dustry expected to show favorable
results for third quarter period &. :.
Stable earnings account for Allied
Chemicals long-pull following i.
Twin Coach's current backlog of
orders about 81 1000, 900 below that
Of April Despite rumors,
Safeway Stores management not
planning to refund outstanding 81
preferred stock +. An investment
account switched from Standard
Oil of New Jersey into General
Motors and United States Rub
Der =.
Bendix showing benefits from
operating economies established
over past five and six months
Motor Products got large Chrysler
contracts because it reduced some
of its prices rather sharply =
American Car & Foundry's other
than rail equipment business doing
nicely while railroads hold off or
ders :. Despite Eastern Air Lines
revenue betterment. no neraby di-
vidend in prospect
Bulovs Watch official says trend
of sales continues upward J.
Square d sales and shipments
showing improvement shares
bought on scale-down orders
For fiscal year ending with Oct. 81,
Celotex will show about rs cents
a share :. +. And, that United Wall
Papers products will now be sold
via units Of Sher,fin Williams and
Acme White Lead-pact recently
signed.