The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1939-07-06
BEHIND The
TICKER


NEW YORk-Contrafy TO sea-
sonal factors. business continues to
show an upward trend Manu-
facturers hear from wholesalers
that transactions would average
more In dollars n stock market
and commodity prices displayed ac-
tivity on bull side /. Yet trade
reports are good /. =. Electric power
consumption figures are strong =.
Crude oil consumption averaging
nicely
Coal output continues high
Steel operations holding recent
gains Lumber orders are favor
able Freight carloadings high
with outlook constructive :. Even
business failures are
low s. Automobile new car and
used car sales better than antiei-
pated Cotton industry doing
nicely Wool mills report in
creased sales and inquiries
Seasonal demand for luggage.
outfits, sportswear. cam.
cras, electric fans and light cloth
ing much higher than retailers
hoped for :. Beer and soft drink
sales showing good figures Il
upturn in residential building
beneficial to paint and plumbing
supply industries +. Aviation in
dustry activity going top speed :.
Retail trade reports from all parts
Of country show better actionsthan
do stock market prices.
Bonds - United States Savings
bonds favored by private investors
:. Memphis Power 4 Light called
for redemption - July 81 - out
standing 5 per cent series A of
i94s. and as of Aug. 1. its Az per
cent series C. of 1878 Held for
yield: Western Maryland first As
Of 1852; same goes for National
Dairy Products deb. 3As of 1851
with warrants attached. ;
Speculative positions retained in
Chicago Great Western first Is of
1859 AS Of Sept. /. Tennessee
Corp. To redeem outstanding Ten
nessee Copper & Chemical 6 per
cent COW. deb. series b OF 1914
and deb. series C of 1914.
Commodities = Private reports
are that about 90 per cent OF north
west wheat is eligible for loans,
which means government program
win be price factor for a while
Speculative interests like a
trading position in corn :. Cotton
traders like iong-term outlook 3.
Pressure expected in cottonseed oil
on price rallies Only technical
price rallies expected in lard con-
tracts
Wool tops will hold reasonably
steady for a while. but will squirt
should mill buying be resumed
Silk not In demand Shoe busi-
ness continues active, which may
benefit price structure OF hides /. I.
Small factory demand evident in
crude rubber market Coffee
supply continues large Specu-
lative positions retained in cocoa
contracts only because Of relative
ly low price -.
News Bits: Corn Products Re-
filming and Commercial Solvents
sold their entire holdings OF Resi-
nox Corp. to Monsanto Chemical
!. =. Western Maryland Railroad
ordered HOO freight cars = 500
from Pressed steel. 500 from Beth
lehem Steel and 100 from Steel
Car American Hawaiian
Steamship owns 80 three-deck type
vessels and Is others jointly with
Msts,n Navigation
United Carbon's rs carbon black
factories are located in Texas.
Utah. louisiana and Montana
company also owns 342. $50 acres
Of proven and potential gas prop
erty. with ia producing wells in
operation Philco. Radio an
nounces that its IS different 1910
models are built TO receive tele-
vision sound by wireless
Stewart-Wsrner is the worlds
largest manufacturer OF speedom-
eters. furniture castors and iubri-
eating systems large maker
OF car heaters. die casting. radio
sets. refrigerators and hardware
westavo Chemical produces. man
ufactures. stores. transports and
deals in chemicals and chemical
products used by the silk. rsyon.
rubber. fire extinguisher and ethyl
gasoline manufacturing industries.
United Engineering & Foundry
is one OF the largest manufacture
ers Of iron, steel and alloy rolls
used in steel industry machinery