The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-12-14
Behind the
Ticker
nv LOFTS " sCsfSETDER


York stock exchange ran into a.
verse ruehcity. the bigwiss who
run matters from behind the
scenes decided they needed = pad
president to handle matters. VIII
IAN Ncc. Martin was named In
1883. But now the same people are
taking q busting him And they
hsve q rocd resson-so they say.
throughout his recent Pacific
coast trip. Prexy Martin advo-
Gated congressional action 70 re-
wise tire securities exchange act
Of 1884 30 that unlisted securl-
ties he registered with the secur-
ties and exchange commission and
thus give the public information
as to nsfed issues. stock exchange
birv1ee are displeaeed-
vorscicus - Unlisted securities
enjoy an active market in over
the counter trading. Volume isn't
nesriy 90 large as that q the big
board. But the margin Of profits
is larger. This because brokers
trade on their own and nab n hand
some profit Commissions on the
big board are fixed. The same con-
dirons prevail In ovcr-the-counfer
bond trading.
Tne situation spells out Why
trading volume on the New York
stock exchange In small and why
the. worlds largest free market
can't increase trading volume. Ad-
vertising plans were shelved by
the higwies because. IL IL said. this
would mean q dollar or two out Of
their pockets. Prexy Martin IL
working on plans to bring about
what ne WAS hired for. But the
higwies fear II viii cut into their
pro<its. Result: They hope to Dust
him.
Mass output-war department
and national defense commission
biueprints call for four new huge
airplane assembly plants TO be To-
Gated west Of the Mississippi river.
One viii be NJ Kansas City. Mo,
and another at Omaha. Neh. Lo-
cations Of the other two haven't
been agreed upon ne yet.
The plan is TO have the auto
mobile industry produce airplane
parts IN mass. These viii be ship
ped To the four assembly plants.
It's estimated that these will put
out. for quick use. from $4,000 10
10000 bombers Of various sizes by
niid-1p42.
Confirmed-The National Ma
chine Tool Builders association
reports that this years volume of
production viii total $500. GOO. 900
An ail-time high. II will compare
with . 1899 volume of s2oo. ooo,-
600.
The organisation predicts that
1a4i output viii total $500. ooo, o0o
Sc per cent gain over 1910. This
is official confirmation Of the ma
chine tool industry forecast report
ed here about q month ago.
Exports - United States 1910
dollar export volume viii be the
largest since 1929. The figure is
put at s4.100 GOO. 900 and compares
with the 1929 all-time high of S.
PAL. 600 900. The only concern is
that the 1910 volume in made mp of
war supplies, whereas exports in
previous years were commercial
materials.
Reports Are That: Colts Patent
Firearms obtained new si1,eT3.ele
small arms order from war depart
ment of American Loeomo-
tive's s1ab. ooo. 900 in war orders,
$50. 900 900 Is Canadian Ma
tionsi Leads 1910 net will equal
the s1.2s a share of last year de-
spite higher taxes. but isn't ex-
pected 10 show much Improvement
for lp<l for greater trading
appeal there's switching from
Amerada Corp. into General Mo-
tors: and from Greyhound into
White Motors New York Air
Brake working on $4,000. 900 secret
national defense contract wes-
ton Electrical Instrument will
show s. q share for 1910 after all
taxes.
American weolen directors viii
be liberal in attempt 10 reduce
$50 In preferred dividend arrears
:. Wheeling steel preferred own
ers have until March IS 10 convert
into new IS prior preferred and
common shares Allied Stores
shares being switched into Stude-
baker. and Radio Corp. common
into Aviation Corp. +. Pacific
Mills present operations and earn
ings well ahead Of last year :.
Lone Star Clements 1910 net esti-
mated II $3.50 . share after taxes
-. Bethlehem Steel continues
fasorite Of floor traders and,
that the Kansas wheat growth
points 70 best crop in years.
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