The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-10-29
Behind the
Ticker
h LOUIS =. SCHNEIDER

NV YORK = Leaders q ne
manufacturing and n Industrial
world hear that L President Rose
velt l. reelected. Big BIZ Knud-
sen vii resign - chief production
nan q the National Defense com.
mission and that he viii Be re-
placed BY Ambassador Joseph P
Kennedy. Who vii Be appointed
head OF the entire national defense
program.
Election PoII-Based on election
odds IN the various states. and
taking the electoral vote Of each
state to get a poll Of the country
Wall streeters figure 21s votes
for Willkie against z54 votes for
Roosevelt with three states still
In doubt. They are Wisconsin
with Il votes. New York with a.
and Connecticut with 5. Every
indication now II that New York :
electoral vote Will be the deciding
factor IN this presidential election.
~on orders-washington grape
vine is that L. S. armament re-
ouirements will be ION order for
possibly another two years. This
not because plants VIII not be
going full blast on arms and mu-
nitions within the next year. but
rather that the bulk Of output
goes to the British. That's the
plan To aid Britain In every pos
sible way short of war.
Tommy Gun-Your correspond.
ent Is officially informed that
Thompson Automatic Arms i
operating two 10-hour shifts daily
and a halliday Saturday. Volume
of tommy sub-machine gun pro-
duction Is about 1000 units
weekly. Bulk of output is immedi-
ately shipped to British fighting
forces.
Another informant, close to the
management, says earnings for
the fiscal year closing with oeto-
Der will be most surprising. lie
Intimated that another attractive
dividend isn't unlikely. Thomp-
son Automatic Arms distributed
$3.50 share early last month.
steel-Steel trade insiders say
that as a result of a national ad.
visory defense commission study
the government will issue an
order within the next four weeks
that delivery preference be given
organizations active ON defense re-
quirements.
Rubber - II there's to be any
large-scale plant construction fol-
synthetic rubber production, II
viii have TO be at the expense Of
the government. Private organ
izations would be glad to go ahead
on such work II they thought nat
ural rubber prices would hold
around present levels.
Fears are that producers of nat.
ural rubber win sharply reducs
prices to meet expanded synthetic
competition. In fact. the inter
national rubber regulations com.
mittee will meet either Nov. l:
or 10 to discuss further boosl
in export allowances.
Reports Are That = Interlak,
Iron operating at capacity In al
departments Lee Rubber 4
Tire current earnings at 81 pei
share annual rate Rumors
Notwithstanding, no near term
Mathieson Alkali Works dividend
increase likely Vanadiun
Corps 1910 net. after all taxes
best in 10 years Hudson Mo
tors preliminary figures show 81
cents a share profit for first nine
months. last years like period
WAS red.
L. A. Young Spring a Wire
earnings prospects warrant higher
share prices General Time In
strument active on direct and in.
direct defense business Abbott
Laboratories first nine months
net about $3.50 share Fol-
greater trading appeal. Reming-
ton Rand shares switched into
Studebaker; but Remington Rand
too. active on national defense
orders Caterpillar Tractors
current operations on 81 annual
basis.
cluett Peabody's 1910 net will
equal the S4.16 share of 1888
Fairehild Engine 4 Airplane
order backlog largest in company's
history but net profits not keep
ing pace International Paper
issues going into smart long-pull
accounts and. that more than
ls5. 900 vehicles are needed to
motorize army-this from Assist
ant Secretary of War Patterson.