The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-07-23
Behind
The Ticker
BY LOUIS VI. SCHNEIDER

1tAtH0t dbfASot AoiililliHSloils says
that in another week or so a plan
will be announced whereby syn
thetic rubber production will be in
creased so that the country will be
independent of natural rubber sup
plies from foreign sources.
It's expected either that con-
gress will appropriate fund or the
Reconstruction Finance corpora
ton will arrange a loan for funds
for a synthetic rubber subsidy in
this country. The cost will be that
of a modern bsttleship. II so. from
u 10 IA months artificial rubber
output here will be sufficient TO
take care of domestic require
ments.
British currency-As of Thurs
day, July Is, 1910. free trading in
the British currency pound sterling
came to an end. Thus, after GEN.
turtles of open market quotations.
the pound goes on the restricted"
list. And the United States of
Americas dollar is the only nation
al currency not on an official"
basis.
Chain StOres-A resolution be-
fore the National Retail Hardware
association, calling for strong
drive for passage of the amended
Patman anti-chain bill at the next
session of congress, forecasts a new
battle over the bill known as
II. r. f.
Theodore Christianson, former
governor of Minnesota and now
public relations counsel OF the Ma
tional Association of Retail Drug
gists, presented the resolution. He
says chain store organizations are
the most important part of the
monopoly problem.
Fixed Fee-The s25,OOOOOo war
department smokeless pow d er
plant to be built near Charles
town, Ind, about IL miles from
Louisville, is only one of ten units
to be spread through the country.
When all are completed the daily
output will be 100000 pounds,
three times present production
capacity. E. I. dupont de Nemours
& Co. of Wilmington, Del, will
operate the plants, for the govern
ment, on a fixed fee basis.
New observation-disclosures So
500 900 program of modernization
and expansion at the Kenosha and
Milwaukee factories will give the
company one of the most modern
automobile esta Adjustments in the
industry. No new financing is in
volved.
Nash is advising dealers that the
1941 lines will be larger than those
of 1910. A new low-priced line is
being added. The new car will give
dealers a chance to compete in all
fields except that Of the high
priced and extreme low-priced
brackets.
Foreign Assets - United States
investments in foreign countries
amount to about $11, $50, 000, 900.
OF this amount about $1,000, 000, 900
is in corporate investments in for
eign manufacturing establishments,
distributive branches, public utili-
ties, oil properties, mining enter
prises and other producing items.
Two-thirds of the American in
vestments are in the western hemi-
sphere. Some $3,7sO,000,0O0 is in
Canada, while better than S4,135,-
900 900 is in Latin-American coun-
tries. Europe accounts for only 20
per cent of foreign asests or about
81 .275, OOO,O 900.
Reports Are That: Great Britain
making inquiries for small portion
Chilean copper ordered by French;
to be rfined in L. S. If purchased
Long-range earnings estimate:
New York Air Brake TO show bet
ter 1910 results than S4.72 Of 1929:
working on ornaments For
greater price appreciation Ameri-
can Machine & Foundry switched
into International Paper .. West
| inghouse Electric currently priced
at IL times estimated 1910 per
share net.
Expanding armament manufac-
turing beneficial to Bohn ALUMNI
mum & Brass Budd Manufac-
turing common avoided; preferred
share dividend arrearages almost
three times market price Of stock
q. Standard Oil of New Jerseys
income warrants possible year-end
dividend extra E. For fiscal year
to close Aug. 81, observation-disclosures
will show better than 81 share;
previous estimate $3.50 a share.
For price appreciation American
Car & Foundry shares switched into
Woodward Iron. which may pay
/ dividend this year . Cleveland
Graphite Bronze third-qusrter net
will better those of first two quar-
tiers Monarch Machine Tools
current capacity double that of last
year Borg-Wsrner expanding
/ operations so as 10 benefit from
airplane industry and ornaments
g. . And, that Republic Steel may
pay small dividend late this year
+ 10 common; would be first since
1880.