The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1939-11-21
BEHIND The
TICKER

be affected should Maxi Germany
war on Holland, rubber interests
say the economic structure Of the
United States would be IN danger.
It's feared that a Nazi-Dutch
war would give the Japs a chance
to overrun the Dutch East Indies.
The United States receives about
24s. 900 pounds Of rubber annually
from the Dutch Indies--as well as
54s. 900 900 pounds from the Brit
ish Malaga states.
The u. s. practically runs on
rubber these days. It's easy to see
that Maxi war on Great Britain
and the Netherlands would affect
this country. The Department of
State Is worried about the Maxi
threats to Holland-even though 1t
isn't saying so publicly.
4 4 4
Upheld steel industry came
out OF the Autobiography Com
mittee investigation with a clean
bill of health. II was found that
the United States Steel subsidiary
carnegie-Illinois Steel does set the
price pace, but no proof was found
on collision. To the surprise OF the
committee itself. II was found that
the steel trade suffers from COM
petition and price-wars. The in
dustry's honesty was upheld.
Refuted-The Bank of England
and the Bank Of France have huge
balances with the New York Fed
eral Reserve bank. When war ma
terial payments have to be made,
the foreign central banks will draw
on the New York Federal Reserve.
That bank in turn will notify other
federal reserve branches or make
payments directly.
The Treasury Department and
State Department will soon issue
a statement TO that effect. The
Treasury Is all set. Word has yet
to be had from State Department
officials. This refutes all previous
Informed reports that ]. P. Nor
gan & Company will again handle
money distributions for the Brit
ish and French governments.
Old Tires - Fisk Rubber Com
pany engineers say there are
enough 1928 automobiles and ear
lier Model T Fords in use for
manufacturers to continue pro-
ducing $4,000 of the old 30xs
size tires annually. And at pres
ent rate of mortality, the end viii
not be for another four or five
years. Old 30x3 tires sold for $40
In 1925 and were guaranteed for
1000 miles. Today the tire Ia
priced at about IS and is good for
better than 10000 miles.
Apples-The war sharply cur
tailed apple exports. Resultf The
market Ia flooded. The Federal
Surplus Commodities Corporation
stepped into the picture. Since
October 9 1t has purchased 1885,
900 bushels at an average price Of
90 cents.
+. s. c. c. buying OF surplus
apples means benefits to many
states. They are-in the order of
production capacity: Washington,
New York. Virginia. California,
Michigan. Pennsylvania. West vir-
ginia, New Jersey. Oregon and
Idaho.
Reports Are That: Chrysler la
Dor difficulties will bring Novem-
Der automobile output below pre-
vious estimates Campbell,
Wyant & Cannon Foundry fourth
quarter net good-may pay year
end dividend No Commercial
Solvent dividend expected before
close OF year-net for 1899 put at
so cents a share !. Savage Arms
in line for var orders Young
Spring 4 Wire booked to capacity
over next three months.
United States Plywood's first
fiscal six month net will equal
s1.27 a share for 1888 fiscal year
f.. American Rolling Mil prefer
red dividend Accommodations amount
10 "a q share common issue
avoided Kennecott Copper sec
ond hall net viii run double %
cents a share shown for first six
months Ohio Brass 1899 net
privately estimated at 81 share
|. Standard Oil OF Ohio's 1889
net put at $2.75 a share.
Carrier Corp. win show about
20 cents share for 1899 Pa
cific Coast Company's third quar-
ter profit OF $137 los was pleasant
surprise - last years like period
was deficit of S2s.s34 Clark
Equipment shares going into port.
folio accounts And, that
/ oha,,fa i. rhslaIr q trad. ,arf ~