The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-12-03
Behind the
Ticker
RI LOUIS VI. SCHNEIDER

Bf LOUIS VI. SCHNEIDER
MN YORK - American TEE
phone 4 Telegraph pulled fast
on. as bond dealers see II. by
suddenly announcing the sale 81
$4,000 900 IN ne money 30-year
. per cent debentures to a group
Of fourteen insurance companies.
But il really wasn't a fast one.
despite the bond dealers COM
paint. Because Of securities and
exchange commission registration
and prospectus costs. as required
in a public offering. the private
sale vas more profitable TO Ameri-
can Tel & Tel
The word Is definite that to hold
good will, the S95.155. 700 in 81
per cent dehentures that mature
next November l. 1871. will be
public refunding. That 10 please
the publics investment demands as
well as those of small banks and
institutional investors.
Romance News report: Cuban
American Manganese Corporation,
copper cent owned subsidiary Of
Freeport Sulphur Company, de-
elared 50-cent-a-share devidend
payable Dec. 81 to holders of rec
ord Dec. %.
There's romance attached to that
dividend declaration. Back in 1917
Is steel mills in the country were
threatened with inactivity. World
War I prevented imports of for
eien-mined manganese. American
engineers secuted nearby Cuba
to see if the island could produce.
and how much and how soon.
After ten years of hard work,
sponsored by American capital.
process was developed for the con-
centrating of Cuban low-grade
manganese ore to the grade re-
quired by the American steel in
dustry. 1t may not be long before
the United States frees itself of
import requirements from Russia,
Africa, India, and perhaps even
Brazil
Cautious -The city housing au-
thority of Bridgeport, Conn. real
ICES that the city is currently enjoy
ing war-boom activity and knows
that such business doesn't con-
tinue forever. That's why the
committee is discouraging rev
building activity to house the in
creased thousands of factory en-
ployes. The plan suggested is that
nonresident employees leave their
families at home. Bridgeport
doesn't care to experience another
real-estate crash after war-boom
activity dies down.
Service = Merchandising execu-
tives leave no stone unturned to
increase sales volume. Take the
case of Lord & Taylor, New York
city. A 24-hour. 7-day-a-week tele-
phone service was installed to ac-
eept orders and make suggestions
for Christmas gifts. Results are
better than anticipated.
Rail Facts - Longest railroad
tunnel in Western hemisphere is
10 miles through Cascade noun
tains, state of Washington
Locomotives now travel two times
greater distance before stopping
for coal or water Railroad
tickets to any station in Mexico.
Canada or United States may be
bought at any rail ticket office.
Reports Are That: Government
has placed more than a billion dol
lars in armament contracts since
Oct. l Container Corp. well
supplied with wood pulp require
ments Freeport Sulphur posi-
lions retained because of strong
financial condition For greater
trading appeal there's switching
from Hercules Motors into Inter-
national Paper common Unit
ed Always may pay attractiv.
dividend through 1941-if taxes
don't take it all.
National Lead shares doing bet
ter on basis of as. if and when
inventory stocks boom prieewise
same goes for Pacific Mills
lnterfype Corp. may show better
than u share for 1910 Kel-
say-Hayes Wheel Glass A divi-
dend arrears will be cleared
United Engineering set aside its
Youngstown plant for national de-
tense contracts . For greater
trading appeal there's switching
from Greyhound into White Mo-
tors.
Long pull positions retained in
Nickel Plate preferred and Penn
sylvania - both serve industrial
area. same goes for New York
Central and Pere Marquette
managers like Bethle-
hem Steel as best of war baby
issues And. that Western
Union shares avoided dspite recent
dividend declaration - faced With
about 100000 in bond maturitie,
through 1871 and 1912.