The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-09-13
Behind the
Ticker


NEW fOHA - Business heads
say Uncle Sans status In world
markets faces q great challenge
should the Germans emerge VIC
torious over England. Business
methods established under Ameri-
can and British policies Will be If
no value because of dictator gov
eminent methods.
In the United States and Great
Britain labor costs are high. In
dictator countries It's just the op-
posite. A Naxi victory In the bat
tie Of Britain would spell out de-
structive world trade competition.
That's why us important that
England hold its own.
And It's because of thia doubt
that important securities buyers
are withholding the making of Sc
eurities commitments.
Bullish - Mani censored Dutch
wires are that Amsterdam finan-
cia, circles say q boom in Ameri-
can securities prices 10 warranted
because of the Industrial and busi.
ness recovery. the iarge-seale
armament program, British war
orders. the better export outlook
and the huge amounts of idle funds
waiting 10 be employed. London
financial circles are of the same
opinion.
All Set-canadian grapevine IL
that numerous buildings In Toron-
to have been chosen for renting
TO hold British empire offices in
the event the government must
get out of London. Moreover, liv-
ing quarters have been chosen out
side of the city's lines for the
royal family. and for refugee gov
eminent officials. tia eoncrets
proof that Great Britain will carry
on no matter what the outcome In
England.
Sugar - Life Savers. Inc, has
changed its sugar buying policy.
As a rule the organization carried
on more than . months require
ments. But because the manage
ment believes that sugar prices
are currently as low a. In possihls
on iong-term prospects. the COM
pany recently bought UP . full
years supply.
Profits - Mathieson Alkali
Works July earnings were above
those Of June. August earnings
are said 10 have been the best of
any month this year. septembers
business u expected to show fur
Their gains. It's likely. say insiders.
that the company's third-ausrter
profits viii nun at about IS cents
q share against 30 cents for the
first quarter and 81 cents for the
second.
kteel-Steel trade insiders say
the industry Is only now obtaining
national defense orders. They AK
pect the average output to hold
above the 90 per cent figure
through the rest of the year. They
point 10 price strength In the Iron
ore and steel scrap markets a.
confirmation.
Cepper-copper trade insiders.
too. say their industry il ell set
for a high volume Of national de-
fenss orders. Through the past
few months the hulk Of business
was for British names. Now all is
set to handle Uncle Sans orders.
Brokerage statistieisns say that
regardless Of the excs.z profits
tax outeoms. thu copper industry
win show good earnings for 1870.
Refined copper sales last week.
and thus far this week, were At
record volume.
Reports Are That: New York
centrafs current earnings at ten
year high CRANKY consolidst-
eds fun copper output 20 July.
1913. goes TO Japan. yet British
government buys foreign proone-
ton Dsstlllers-seagrzns shares
held for attractive Weld Due To
bank loan restrictions and manage
ment desire 10 build up treasury
position. no Oliver Farm Equipment
dividend likely Penlek a Ford'a
1870 per share net estimated At
about "a
Gulf OIL IN show about f27s a
share for 1910 3. 8. Kreszs a
dividend payer sanes lsl1-for ~