The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-12-10
Behind the
Ticker
Bv LOUIS VI. SCHNEIDER

NEN YORK - Wash Efon
grapevine IS that the January con-
Cress VIII b asked 10 pass war
tine" revenue act Full writing Of
the measure VII not be completed
until after the March Is eollec-
tons and tsX-return filings.
The White House has decided
hat on actual administration ex-
penseS. income must balance outgo.
Result. Economies vii be estab-
lished in every possible way. and
higher tax collections will almost
balance the budget.
The huge national defense costs
VII be handled in + separate tax
bill Government ivisers say that
all corporations should help to pay
the national defense costs.
The var tax VIII be consider
ably higher than tn excess profits
tax especially in that it viii hit
corporations harder. Exemptions
Of any kind viii be few and far
between.
Hope = Wall Streeters antici-
pated that the Great Northern
Railway dividend would be at least
81 a share. As much as 81 had
been heard They were surprised
TO hear Of only a 5O-eent declara-
ton. But there's reason.
One close to the management
SAYS the 50-cent yment may now
be considered as quarterly rate.
That should benefit the market
price Of the shares.
steel Steel trade insiders are
still surprised at Bethlehem Steers
announcement that it will increase
annual capacity by eight per cent.
The notice came on the day Irving
s. Olds, United States steel chair
man, said the industry will not
mushroom with new plants be-
cause of an eventual hangover"
when war ends. Mr.. Olds says
present capacity is sufficient.
Steel production how is at an
annual rate Of 80,O00,000 tons. The
pace will hold through all of next
year - 100000 tons ahead Of
1925 record production. The
country's ten-year average is only
81 100000 tons Steel men say
there's no lons-term need for adj
ditional plant facilities.
Air Lines-"Bob" Hinckley. de-
partment of commerce air secre-
tary, says by 1915 our air traffic
will be from 20 to 30 times greater
I than today Busiest airport in
world is New York Citys $40
000. 900 La Guardia field: clears
$50 flights daily -. Pan-American
Always planning new airline serv-
ice between Miami Fla. and Cape
Town, South Africa, with stops at
San Juan. Puerto Rico. Natal.
Brazil, and Portuguese. West
Africa g.. There are now about
1,340 women pilots in the United
States only 755 year ago 4.
Shop labor takes about a. cents
of every airplane sales dollar and
25 cents of every engine sales
dollar.
Reports Are That-No General
Food year-end dividend likely I'M
less management gets idea of tax
situation F.. California Packing's
net for fiscal year ending with
February. 1941, will be better than
tn 1926 reported last year; talk
of year-end dividend extra 9.
Observation-Disclosures Steamship to
show So a share because of profits
from sale of old boats Hall
Printing will show about s. a
share tor fiscal year to end March
81.
Houdaille Hershey management
VII continue liberal dividend policy
McGraw Electric to show 50
a share for 1910 after taxes
Alpha Portland Cement benefits
from elimination Of foreign COM
petition along Atlantic coast e.
For greater trading appeal there's
switching from Bulova Watch into
General Motors Packard Mo-
tors doing better on sales Of ma
rine engines than automobile d.
vision.
Remington Rand's portable type
writer sales show marked increase
with men called for military serv-
ice Dixie Vortex earnings
show dip while sales volume shows
increase International Paper
directors Will do something about
preferred dividend arrearages next
week And, that war restric-
lions are working hardship on At
lantic Cuff 4 West Indies; deficit
anticipated.
TT a \. M