The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-09-02
TRADE
WINDS"
Bv SCHNEIDER

INV YORk-Corporate exscu-'
tlves continue 70 Be worried BE-
cause the navy department has
taken over the Federal Shipbuild.
ing 4 Drydock Co. AZ Kearny. y.
J. The Yards are under govern
ment control because no agreement
could be reached with striking
labor.
The Wagner act passed in 1855.
prevents corporate activity and
discrimination against union or
gsnization and forces management
into collective bargaining. But IN
taking over the shipysrds. It is evi-
dent that a company must give in
whether It is right or wrong.
The New Deal labor. measure
was named after Senator Wagner
ID. Of y. Y. There is no doubt,
say corporate executives, the sens-
tor never imagined that the
Wagner act would work so harsh
~ They are asking why the sena-
tor does not say something now
about the results.
PLEA TO LABOR - Reliable
Washington adyices say President
Roosevelt VIII put labor "on the
spot" in his radio broadcast Labor
day. The report is that the presi-
dent is disturbed by lsbor's lack Of
cooperation since his May 81 I'M
limited national emergency procla-
nation and the strike-loss of more
than 100000 man-dsys of pro-
since Jan. l. British Minis
ter of Labor Ernest Bevin viii ra-
do broadcast a plea to American
labor on the same subject.
CEILING PRICES-Your corre-
spondents informsnts say no cot
ton or wheat dumping will be done
by the government unless specula-
ton runs wild But while commo-
dities will not have ceiling prices,
tops will be put on such fin
ished items as cloth goods and
canned goods. If commodities sky
rocket, manufacturers will stop
buying because of no profit mar
gins. Result: Commodities price,
fixing, but indirectly
DEATH SENTENCE - The
North American company dividend
of one share of De-
troit Edison common for every so
shares of North American held is
termed in financial circles
death sentence payment" since
the securities and exchange COM
ordered the company to
reduce investments or fall under
the public utility holding company
act. The dividend is payable Oct.
l to stockholders of record Sept.
1s.
iit iAihpI lluuSIfN,
according to economists. will not
be hampered by priority restric-
tons, does business on cash
basis, has the least volume of en-
ploye per dollar of business done
and is IN a position to benefit from
increased public spending More
over, the industry may soon sell
Commercial Alcohol to the govern
ment for the manufacture of
smokeless powder.
REPORTS ARE THAT-can-
ming and dairy industries are do
ing nicely on increased military
and civilian demand Lone Star
Cement held for yield may net
81 this year Tide Water liked
because of securities interest in
Shelley Oil and Phillips Petroleum
. Canada Dry Ginger Ale will
show close to So for fiscal year
ending Sept. 80 Rayonier's
1871 net estimated at S225 a share
. General Electric has conser-
vative following despite high price,
to-earnings ratio.
American Air Lines 194I net
depends upon outcome of airrnail
rate action before CAA Nc
Williams Dredging may show 81
this year and pay year-end divi-
dend St Joseph Lead will do
well despite lead price-fixing poll
cy Westinghouse Electric's
1871 net will improve on $40 Of
1910 Ferro Enamel hurt by
dap in production of household ap-
planes Simmons Company
will show $3.50 for 1871. dividend
will hold.
Doehler Die Casting i941 divi-
dend distributions will better SIPS
of 1910 Sharp & Dohme bene-
fits from increased pharmaceutical
demand International Papers
trading following continues bull
ish General Mills and General
Electric jointly own distillstion
products which produces and mar
kets wheat germ. wheat germ oil
and group Of vitamin and kindred
items.
Your postmaster can tell you
TNar#.a 20