The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-01-16
Behind the
Ticker
BY LOUIS VI. SCHNEIDER

NEW YORK Philip Murray.
president OF the Congress OF In
dustrisl Organization. says ms
organization will defy any move
ON the part OF ''foolhardy states
men" who think they can abridge
labors rights and that a law
prescribing . 3o-day wait before
calling strike will not be toler-
sted. The 30-day wait Is rail
road labor law
In Washington the statement is
rated a political threat The grape
vine says that as reprisal. Presi-
dent Roosevelt will make an about
face on friendliness toward labor
especially since those from whom
least cooperation was expected are
coming through with flying colors.
steel output Men high in the
steel trade say the clio is wrong
In its statement that n handful
OF large corporations control the
defense orders while smaller orga-
nizations don't get thing. The
fact In, Aay insiders. that not all
steel manufacturers have the
facilities to produce armament
products.
The clio statement that
numerous plants are Idle is also
denied by producers. The idle
mills can produce only an addi-
tional 5000, 900 tons per year as
against present production OF
some $4,000. 900 net tons per year.
And the idle plants can ship only
commercial steel.
As for the clio argument that
II will require corporations hand
ling those orders two years To fill
the defense needs. IT'S known that
the whole national defense pro-
gram Is scheduled over a two-year
period. Production is going ON as
fast as steel can he put to use.
Sold-Talk that the British
withdrew from the market an
offer Of 100000 shares OF General
Motors isn't true. The shares
were sold to J. p. Morgan 4 Co.
Inc.
Your correspondent learns that
the Bank OF Morgan" purchased
the General Motors shares from
the British for the General Motors
employee fund and the Du Pont
management company.
No public notice was given of
the transaction. That accounts
for recent gossip that the British
withdrew the offering.
Rail Gains Statisticians point
out the estimated 10 per cent in
crease in railroad freight loadings
for the first quarter of the year
viii add more than $50. 900. 900 in
net operating income to that OF
the like period last year, and that
carrier securities are rejecting
price wise the profit gain.
Reports Are That: Cigar indus
try says increased consumer in
come will be reflected in greater
sales volume Budd Wheels
national defense orders close to
S25 100000 Goodyear shares
priced at six times 1910 net g..
Bohn Aluminium 4 Brass share
prices restrained pending outcome
Of Its appeal on General Motors
patent suit New York Ship
building has largest trade follow
ing Of shipbuilding group.
Bsyuk Cigars has long-pull fol-
lowing on earnings prospects g..
Armstrong cork's 1910 net Ss.2s q
share; may distribute $3.50 in divi-
bends this year Continental
Can priced at 10 times ia4o net:
there's some switching into Cen
ersl Motors Allied Chemical
liked by investment managers. the
same goes for DUPONT United
Air Lines hurt by seasonal factors
but lons-p prospects good.
Houston OIL should benefit from
improvement in industry =. Ma
tionsl Aslesble 4 Steel Casting
shares switched into Doehler Die
Casting worthington Pump
preferred has trading following;
company active on new work d.
Speculative positions retained in
Bath Iron Works: builds naval
ships /. And. that British and
Greek successes again caused cut
In war risk insursaos rates near
I1akaR unsa.