The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1939-03-16
BEHIND The
TICKER

NEW YORK - Informed Wash
ington advices TO high industrial
executives are that despite Secre-
tary Hopkins promise to play
along with business. the depart
ment of justice will use every pos
sible means to win victory In it's
damage suit against Is tire manu-
facturcrs on charges Of price fixing
under Sec. Of the Sherman anti
trust act.
The confidential advices are that
II Thurman Arnold, in charge of
the d Of J's antitrust division.
comes out on top, he will start
any number of similar actions
against any number of corporations
In numerous industries because of
identical bids offered on various
government contracts calling for
such items as steel, oil, cement,
etc.
Few legal minds care to admit
that the government hasn't a good
case in the tire matter. The hope
Is that the facts and evidence will
fall. short Of the goal. But as mat
tiers stand. corporate executives
are worried over the threat of anti
trust price fixing charges.
Observation-Disclosures informa-
ton is that the 1887 extensive pur-
chases Of new equipment are show
ing results. The new locomotives.
especially, are more economical to
operate. Because of this data, large
orders for hauling engines are ex-
pected to be placed for late 1889
deliveries. It's on this inside knowl-
edge that portfolio managers like
the rail equipment equities.
Auto Sales-A leading name of
the automobile industry exclusive.
ly informs your correspondent that
he isn't disturbed by the enlarged
stocks reported by retailers. He
says his production schedules are
going ahead at higher figures than
last year just the same.
II was said that as spring comes
along, consumer demand for new
and used cars will increase. In
order to save money in overtime
costs due to the wage-hour law, all
automobile producers are keeping
up their high rate of output.
NJ
GM Estimate-From most reh-
able source IL was learned that
General Motors insiders expect the
company to show a net of about 81
= share for the current three
month period. And If sales run as
anticipated, second quarter net will
show about 81 share.
The same source believes that
even II GIN only breaks even for
the third quarter, ii will show about
II share for the fourth quarter
period. All combined, then. the
estimate Is that General Motors
viii show at least 81 a share for
le3s-barring European war.
Reports Are That: Bucyrus- Erie
booked Nazi 100000 order for
steel mill machinery Eastern
Airlines has long-pull following
= At current price levels National
Lead discounts building prospects
or this year /. L. c. Smith 4
Corona Typewriter plants operat-
ing at capacity-with large back
log OF orders ;. Scale-d down Spec
ulstive buying coming into Asso-
ciated Dry Goods and Arnold Con.
stable-on hopes of better trade
due to Worlds fair
For more attractive apprecia-
ton potentialities Walworth being
switched into smaller lots of War
rem Foundry National Biscuit
viii cover its quarterly dividend
OF 20 cents-with some to snare
:. At current price levels Stand
ard Oil Of Kansas discounts earn.
ings prospects
Biaw-knox management expects
big things of its new research de-
partment For greater specula-
tive appeal Superior Steel being
switched into Zenith Radio
Portfolio managers expect r. n
Macy to show marked sales i'm
provement due to Worlds fair
business And. that long pull
interests like electrical equipments
sales prospects bright.