The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-24
Behind
The Ticker
BY LOUIS Nj. SCHNEIDER

bY LOifc VI. NdHNEiDfh
NEW YORK - Washin & on
grapevine Is that the new excess
profits tax Will be steamrollered
through congress within the next
two weeks.
The legislation will carry an al
Tentative base OF either invested
capital. or average earnings of
three of the four years of 1860.
with deficit years eliminated.
The bill is acceptable in the
business world. It's expected that
only about 20 per cent of the ma
tons corporations will be hard hit
Rubber - The national defense
advisory commission urged the
Rubber Reserve company, sub
sidiary of the RFC, to purchase
the additional 10000 tons of rub
Der from the international rubber
regulations committee.
Deliveries on the new contract
will start as soon as the 100. 00O-
ton order placed in June is filled.
Bunched with the $1,000 tons OBJ
tanned via the British-U. S. cot
ton-rubber barter trade arranged
last year, the government will hold
$4,000 tons by the close of 1871.
The international rubber COM
mittee sold TO the u. S. on the
agreement that this rubber would
not be dumped IN commercial mar
kets but would be used only for
government needs.
Natching-Railroad heads insist
that the industry il prepared to
handle any traffic emergency. But
the war department and public
roads administration think other
wise. They insist a network of
$4,000 miles of concrete roads be
constructed for military needs.
Since congress has not held back
on national defense spending. Wall
Streeters are closely watching the
market action of shares of COM
panies In position to benefit from
a huge road-building program.
Prosperity-The auto industry's
problem of bringing out its 1871
models Is over. More than $780,
100000 was invested in added
plant equipment for production of
the new cars. Output is now under
way IN part of the industry. All
will be going full blast by the close
of September.
Auto trade insiders expect to ride
q wave Of prosperity for years to
come. This because 1a41-model
sales estimates are already placed
At about 100000 units, and then
there's the flood of business COM
ing to the industry from the ma
tional defense program.
Steels-Fears had been rife that
steel prices would soften on fourth
quarter deliveries. But Ernest T.
Weir. chairman of National Steel
company. turned the other way on
the subject. He says no fourth
quarter price boost unless costs of
production increase. Since auto
producers are currently booking
1a41-model requirements at list
prices. Wall Streeters anticipate
high fourth-quarter steel industry
earnings.
Reports Are That: Goodrich Rub
Der and Phillips Petroleum are CO.
owners of Hydro-carbon Chemical
& Manufacturing created for large
scale production of synthetic rub
Der Zenith Radios sales vol
ume holding high levels; company
will not be hurt by excess profits
tax AS, If and when oil indus
try shows betterment. Continental
Oil shares will respond market
wise.
National Dairy Products shares
held because of management and
dividend-paying policy; same goes
for Borden's Portfolio posi-.
tons in United Carbon not being
disturbed For greater trading
activity and possible price apprea
alton. National Supply shares go
ing into General Motors :. Vana
dunn Corp. can be hard hit by al
excess profits tax based on 1865.
earnings average Eastern All
Lines dividend prospects good.
Jarvis company supplies bull
ornamental hardware to automo-
bile and refrigerator industries
-. There's switching from Gimbe
Brother preferred into Bayul
Cigars Strength in alcoho
prices benefits Commercial Solv,
ents and Z. S. Industrial Aleoho
And, that auto industry con.
tinues to register gains IN sales
of commercial vehicles.