The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-10-23
Behind the
Ticker
b. louis y. SCHNEIDER

NEW f0Rk-Secretary Of State
cordell Hull wiil make his one and
only presidential campaign speech
Saturday evening. Oct. IS. a
dinner given in his honor b. the
National Press club.
The talk will Be = detailed report
on the recent development and
present status Of the foreign policy
Of the United States. The speech
win be broadcast on q nationwide
radio hookup.
Leaders Of the manufacturing.
business. banking and financial
worlds hope Secretary Hull viii
clearly explain our foreign policy
aims.
Uncertainty - Conservative Sc
curities interests say that while
business prospects are construc-
tive and corporate profits will in
crease despite higher taxes, there's
no reason to rush into long-term
commitments because OF overhang-
ing uncertainties. These are: no
one knows the outcome OF the
elections. or what viii happen in
Europe this autumn and winter.
and what kind Of peace terms TO
expect. and when.
Expected-And corporated lead
ers fear that whether 1t be WiIlkie
or Roosevelt next year, the 1871
congress win revise the excess
profits tax so that the s per cent
invested capital exemption" will
be cut out. The boost in normal
tax rate of "a per cent is expected
to stay. Even speculative Wall
Street has that information. To
securities traders it means that
there'll be a war-prosperity but
with no large profits except in
isolated cases.
Ohio Oil-Private estimates are
that Ohio Oil earned II cents
common share for the first nine
months. compared with "A cents
preferred share for the like period
last year. This is good since the
1889 figures carried two non-re-
curing income items which
amounted to about 81 cents a
common share on the full year.
Friends of the management expect
year-end dividend distribution.
Ohio Oil has already distributed
20 cents share this year.
Rumor - From Nazi controlled
Amsterdam comes the strong ru-
NOR that governments will make
disposal of foreign securities COM
pulsory after the war ends; that
the funds will have to be loaned
to governments for rehabilitation
work. This unconfirmed rumor ac-
counts for lack of trading interest
in American equities listed on the
Paris and Amsterdam stock ex-
changes.
Cooperation - Domestic copper
sellers are doing their best to
prevent a price boom. This to
cooperate with the national de-
Tense program. Red metal is be-
ing doled out TO manufacturing
consumers on a strict ALLEGATION
basis in order to maintain the IL
cent-a-pound figure. A one-half-
cent price boost. however, is like
ly within the next few weeks.
Reports Are That - Columbia
Pictures recent releases. How
ards of Virginia" HE Stayed for
Breakfast" and "Arizona" are
money-makers White Motors
to show 81 share this year after
excess profits tax s. Twin Coach
earnings trend upward despite ex-
cess profits tax Paramount
Pictures will show close to 81 a
share for 1910 subject to excess
profits tax Armour a. Co. to
show better than 50 a share on
the So prior preferred stock.
BONN Aluminium & Brass may
make a 81 a share year-end di-
vidend payment . National NAL
leable & Steel Casting to show
S3.50 a share for 1910 prior to
excess profits tax American
Wooden showing improved earn
ings because of large war depart
ment buying volume Lone
Star Cement's 1910 net placed at
1925 a share subject to excess
profit tax; South American unit
doing exceptionally well.
American Cyanimid directors
may vote 81 a share year-end di-
vidend distribution . Keystone
Steel & Wire active on direct and
indirect national defense contracts
Sears Roebuek dividend pay
ments this year may equal s4-zo
Maid out last year Anu e. sa aoo
Mack Trucks signed slo.oo0'oo'
va department contract Tor 'O-
- tank transnaissions.