The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-03-30
Behind the
Stock Ticker

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Flzs sad Frsnk Ashton .s.waskla :
aae - make same saFt - rahals
announcement abeal - activities
n he near future. InslsssFs nrs-
daes 10 FepeFt wsii - III = heza.
TIL asplamatae lzAkzsAEe sszHafs.
lnk nasklnK. n highest Fiaznxss
Circles ne mzsssaa Ia privately
rated : flae
Cards wsfe sfssks5 against Hisf
nd Ashton fsuaskia Frum ~
start. ThelF rFsmssy - 49, -
sell lhe liss ws should aeesns~-
cheeffslsly snd wlihaut pFetaxs
allied interference plSA ear eHszs
mefce. aIilsd lnsaslan e eaF Lain
Amsfsean markets. allied refusal -
bay American fsTm pfeztaesa Ne
wxFs supposed u FsNisan thst rzzr
cooperation ssnnz thAs Ira wss
necessary Ia assure : war sictefY
for ths demnerArleA Hawesxr
ssmpzshzsse = reception Ihs nsss-
SIN may have haa IN certain nwv.
eFnmsnt department.. 4 hssas
kos i first h@ss vita congressional
or public arsnaan.
When the distinguished visitors
first arrived. hop< waa expressed
hsnlnt Ire scenes that they waui.i
- ahls to paw ths way Tor ssFsy
extension 81 American credits ta
Isfltaln ana France Thls hopt
has now hesn thoroughly dashed.
rr-eeaeas me laiss.,a.. esm.
merue commission l. sxr<stesi n
give IL approval shortly 70 plan
for financial reorganization af she
Minneapolis = ~ rsoals rsglfe.a
Tbss road has been Ia recelseFshlp
for II years
The plan il ons ~ lhs mnst
drastic ever offered. TAs aAs=saAa-
ING common stock interest nearly
80 600 900 par value AN b esm-
plstsly wiped opt lsolaefs 81
80 2ss 900 ~ Minneapolis . ~
Louis bonds wlil recsgvs new stnek
worth about 81 bod. coo . - pr
cent wFitsdown. The RFc viii adj
vance s.. 600 600 against nsS frat
mortgage bonds Ia provide mecca.
sary working capital A unique
feature l. the division AZ shs prop
srts Into iva nsw railroads. The
RFc loan can be used only for the
road that comprises potentially
profitable mileage The hopeisssiy
auprofisahla part ~ the system
viii be left 10 shift for itself and
VIII probably have 10 so eat 81
business before long whether the
ice and The railroad unions Ike
IL or not, This In Jesse Jones' pet
idea. II sets an extremely lnpoF-
tant precedent for other carriers
whleh wish to abandon MnpFDflta.
bic lines but have always hitherto
bern prevented frum doing 30.
with all wAlef vigorously
squeezed out Minneapolis . st.
Louis should certainly be shls 10
net decent profit on ia ressmpsd
capital structure
Hesulss--islgRest Industry in 30.
iisia IL the patino Tin mines. oen.
ed by The able and solorflIl Indian
whose name they bear, They
are immensely profitable. ratsna.
growing old. wants TO sell bis aoul-
psny or At least = large interest
IN H. Anaconda and kenEscosi
Copper are reported on excellent
authority 10 be privately negoss-
atlng 10 take over the rstino mines
on some sort OF Jolnt.own~fship
hasls Both o~n copper mines IN
Chile already.
Vital point IL that they are be-
Ing strongly encouraged 10 do -
sub roaa by the 4. \ state d.
pariment. British and German IN
tereeis are also making offers. bat
the American companies appear
10 have the lnaida track
star 1axef.-Wali Street keis .
laugh from reports that fiuetass
lions In the Calcutta stock market
trace largely 70 the buying and
selling advice OF astroloGefa. II
looks 80 II the Indian ssaf.gaxsfs
have doped osif a sssst racket for
| themselves. New York brokers
starving for business sn1ssdlY
wonder II Il wouldn't work here.
Reports Are That General No
tors first quarter earnings utll he
highest on record Air Hsasse'
ton business sh1Ns consistent
gains over iast year Profits
taken in wslHreen a. per cent
preferred Austin Nichols 80
prior a. stoCk jsquidaisd ~ cur.
rent levels National Biscuit
sffieisney improved by
factory lnosiefnixati0n y. \
Leather rated highly speculative