The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-06-22
Behind the
Ticker
By LOUIS N. SCHNEIDER

Dy 1OUES NJ SgHNEiDkh
Wan street believes that the
worst Of the European situation
for some weeks to come has been
experienced, and attention is now
ccntered on the national defense
program and the political con-
ventions. II both parties name a
business leader, it's believed Sc
curities and commodities markets
are In q position to respond favor
ably. Rising trading market
prices would keep business senti-
ment at a high pitch until the
national defense spending starts
showing effects during the early
autumn months.
Ford William S. knudsen,
member of the national defense
advisory committee, confirms your
correspondents ann un ement
that Edsel Ford has received the
go ahead Ggnal to produce
Rolls Royce airplane engines,
The first order calls for 5000
units.
It's official that Ford Motor Co.
will not produce 5000 Rolls Royce
engines for the British.
II may be said on good author
ity that Ford Motor Co. will not
produce Allison airplane engines.
Activities in that field will be con-
fined to Rolls Royce air-cooled
motors. And there In no plan
ahead for Ford Motor to produce
complete airplanes.
Spending - The government In
spending SIS. 600, 900 to increase
shipbuilding facilities. That 80
that the huge navy and merchant
marine planned under the ma
tionai defense program will not
be delayed. or the amount In
volved. s26, o00. 900 will go into
navy yards. the rest into private
yards.
Tommy" Guns - An official
Thompson Automatic Arms
spokesman says that notwith-
standing rumors TO the contrary.
the organization has no immedi-
ate expansion plans in mind ex-
oept the stepping up Of output;
that booked business thus far this
year u near the $4,000, 900 figure
with 1910 sales prospect Of $lo.-
000, 900; that most current sales
are to Canada and Great Britain;
that sales are on 4 cash basis;
that the tommy" sub : machine
gun ID u. s. army standard equip
ment which spells out additional
orders on the governments new
$1,000, 000. 900 national defen
program: that current operations
average about 200 units per week
On IN eight-hour day but that by
late September Savage Arms will
be producing the guns for them
On q 30-hour basis; and that while
no nearby dividends are contem-
plated there will be liberal dis
tributions in the autumn. Outside
Of some shares in the over
countsr market. Thompson Auto
matte Arms il practically closed
corporation, with officials having
no immediate plans whatever of
offering shares to the public or
having the stock listed on any
trading exchange.
o,sm,sssc' Ran ,nformants
are bullish on freight loading
prospects over the final six
months Of the year. IT'S expected
that revenues viii hit the best
totals since 1880. A figure of
s523 ,eo7,l72 was reached in that
year.
Rail trade optimism IL based on
the governments $4,000. o0o. 900
national defense program. And
. contributing factor 10 that car
riers viii not have profits re-
strained ~ manufacturers have
on government orders which al
low only q fixed profit.
Rsp.rs. Arc That. Monarch
Machine Tool currently operating
at Q 50 = share annual clip /.
Distillers-Seagram revenues cur
rently coming In ut rate of 81
per share per year =. Gaylord
Containers first six months net
privately estimated at rs cents n
share Anchor Hooking Glass
1910 net estimated at S1.4o a
share: same ~ last year.
North American to spend bet
ter than Sc, 900 900 this year on
construction and improvements
North American u . holding COM
pany Telautograph corps
current sales almost double those
Of last year I. Weston Electric
Instrument in position to produces
delicate military instruments
Kelsy-Hsyes first six months net
privatsly estimated at $1-T5 q
comhined class A and b share.
Standard on Of Ohio doing
large volume Of export selling
going TO Canada Rayoniei
vim show Si.25 . share for fiscsl
ysar ended April 80 +. Houds
Ille-Hershey IN line for munitior
crders Coca-Cola viii show
e1.3o . share for current quarter
first quarter net was $1-3e
Share -. and. that Toledo Edisor