The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-03-01
Behind the
Ticker
nv LOUIS NJ. SCHNEIDER

NEW yORk-Informed sources
say the sudden introduction of the
tax-remedy bill IL more than n
routine matter; that Il Ia the out
come Of an epoehsl conference
among Jesse Jones. Secretary Nor
genthsu and President Roosevelt.
The inside Is that both Morgen-
thau and Jones were greatly dis
tnrbed by White House tip-off
that Brain Truster No. - Ben
Cohen is slated for the chairman
ship OF the Securities Exchange
commission.
The sdvices are that the presi-
dent was shown that the nations
financial markets are not the New
York stock exchange: that the en-
tire country In securities minded:
that a huge defense financing pro-
gram Is ahead: that the nations
leading industrislists are cooperat-
ing at great personal sacrifices;
e'"A He'''Ht bhhhs ton De soiu
unless a lit il given to stock mar
ket morale. business morale and
investor morale.
From all indications, II In said.
a reversal of WHshingtons pessi.
mism Is on the way and that public
sentiment will be whipped up 10 a
we will win" pitch 80 that funds
withheld from investment because
of bad market action will be en-
couraged TO emerge from strong
boxes and 40 into government de-
Tense bonds.
Prepared - Corporate officials
hear that the federal bureau OF
investigation is preparing to meet
wave OF sabotage In American
industrial areas as soon as the
president signs the lease-lend bill.
Manufacturers OF ornaments are
quietly adding to private police
forces.
ESpected--rhe Dutch grapevine
to New York's financial center
SAYS a Nazi military thrust of inn
portance will get started in the
Balkan area this week end.
Wizards 49, The gigantic opera
ton over the past six months to
whip the automobile industry into
mass production OF ornaments will
be showing results within the next
eight weeks. The turnout by late
May of sircraft engines. tanks.
gun carriages. aviation parts and
other war-supply items will Guido
the industrys ability to produce
80 900 automobiles daily. A trade
insider SAYS the display will re-
veal to the axis powers Americas
Industrial wizsrdry.
Reports Are That: Packard will
be actively producing Rolls-Royce
sirplane engines this July &.
Norfolk A Westerns dividend rea-
sonably secure Shipbuilding
revenues aid Sun OILS income
U. $. Rubber going into informed
hands Shelly OILS long term
prospects liked by investment man
ayers HARRISON Walker cur
rently operating near capacity -
this official.
Investment buyers like American
Airlines: on price dips Humble
Oil held as initiation hedge: has
large crude oil supplies Inter
national Papers larger earnings
should continue through 1esl:
same goes for Union Bag a Paper
and others OF industry Johns
Msnville dividend setion last week
spells out liberal distributions tins
year.
U. 5. Hoffman Machinery work
ing on government order for lsun-
dry units Mohawk Carpet
benefits from higher rug and wool
prices American Woolen's
earnings running close 10 81 per
preferred share monthly And.
that General Cigar. for each dol
lar % liabilities. entered 1871 with
sSls In cash. si.<o marketable
securities. sl56 in accounts re-
ceivsols and siS.s5 in inventories.