The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-06-25
Behind
The flicker

duee as rapidly as is safely pos
sible" 1000 Rolls-Royce sirplane
engines. Production will start
within five months. The shipment
to England OF the additional 5000
units. IT is reliably stated. may or
may not be permitted by the gov
eminent.
Henry Ford is anxious TO pro-
duce airplane engines for national
defense only. But If the govern
ment should find reason why
better engines" can be produced,
the so-called British order for 5000
will be filled. It's part and parcel
Of Roosevelt's plan to aid the allies
as much as possible.
More Aid-The navy department
had decided on the building of a
huge suicide fleet of light tor
pedo boats. These carry two tor
pedo tubes, two machine guns and
other quick-handling war equip
ment. Production orders were
given to Electric Boat. Engines
are supplied by Packard Motors.
It is the shipment of part of this
order that the navy department has
sanctioned. The number involved
is 20. These go because 21-inch
torpedo tubes are navy equipment
while the boats produced carry
tubes Of 1s-inch.
Disturbed: Foreign grapevine is
that Japan will make a determined
stand against moves by either Italy
or Germany 10 assume control OF
any French or Dutch possessions
in the Far East. Japan doesn't like
the aggressive methods of the Ger
mans and doesn't care TO have
them get foothold because il
spells out trouble in later years.
The Swedish grapevine is that
the Soviet Union fears the power
Of glory" being displayed by the
Nazis. That's why large Soviet
armies are in the Baltic states tc
offset possible threats to Rumaniar
oil fields and the Ukrainian whea,
which Hitler always said are Vita
to Germany.
The Moscow grapevine is thai
Stain is much disturbed by Hit
ler's arrogant suggestions during
the past few weeks, and that the
Russo-German pact is now only 8
shell of its former self.
Russian Tools - Over the pas
two years Russia has been pur,
chasing huge quantities of our lat.
est types of machines and tools
all good for armament production
An extra large order placed some
months back was all set to be ship
ped early this month. But under ar
export technicality, shipment wa.
delayed. Washington grapevine i,
that an export certificate will no
be issued. Advices are that clos,
to 20 per cent of the machines anc
tools can be used for our own ma,
tional defense armament program
Reports Are That: United State.
steel's first six-months earning.
estimated at S275 common
share; means $3.50 for second
quarter Bethlehem Steel will
show better than IS share fol
first six months Inland Steels
first six-months net estimated al
1885 share Westinghouse
Electric first six-months net placed
at 1915 a share; means $225 fol-
second quarter.
Texas Corps first six-months
net estimated at $3.50 share
Stone & Webster will benefit from
utility industry construction plans
Bower Roller Bearing to hold
75-cent quarterly dividend rate
earnings warrant better dividends
for fiscal quarter ended May
81. Collins & Altman will show 81
a share D.. There's switching from
Burroughs Adding Machine TO
Commercial Solvents.
Portfolio managers impressed by
Standard Steel Springs earnings
prospects :. Wayne Pumps earn
ings covering 50-cent quarterly d.
vidend rate Thompson Prod.
ucts' first six-months net private.
~ estimated at 1915 a share
Allen Industries first six-months
net figured at S1.20 a share
International Papers first six.
months common share net esti'
mated at $3.50 a share And
that American Wooden obtained AZ
per cent of the orders for blankets
placed by the United States army