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

NV Y0Rk-The navy depart
ue1t is operating the Federal
Sh.pbuilding 4 Drydock Co.
Kesrnv. y. J.. because q the fall
urs 70 reach = settlement. L II
continues 10 DO 50. all s well But
II the navy should get another
company 10 run the plants under
the maintenance 81 membership
nIsn. recommended by TIE national
defense mediation board. viii spell
a wave Of strikes IN 81 industries
The maintenance Of member
ship plan means that an employ
or must discharge any man who
docs not keep up union dues or
falls behind IN maintaining union
membership. Il goes without say
ing that the pending navy DEPART
ments labor decision - now being
decided in the White House-Wll
be momentous.
WILL APPROVE - Production
stoppsges on war department con-
tracts alone total more than s.
poe. 600 msn-dsys since Jan. 1.
This despite mounting demands on
industry for weapons.
The situation Is 50 serious that
Great Britain. and even Russia
which favors the working man. IS
pleading with President Roosevelt
that some law be legislated BY con-
sress to prevent strikes during ar
bitration.
Informed Washington SAYS labor
is overplaying its hand. The White
House. II is said. will look aside
II any leading member Of the sem
ate or house VIII prepare and push
labor control bill during this
emergency.
GRAPEVINE ADVICES Reli-
able grapevines 10 leading indus
trial offices say that Japan knows
her axis partners Germany and
Italy cannot help in q war on the
United States. but may take the
chance on the fact that there Is a
definite lag of arms production
here and the hope that labor diff
culties will restrain mass output.
The people of Italy. it is report
ed, no longer believe in the invin-
cibility of the Nazi armed forces,
are sick and tired of fighting. espe-
cially now that Italy has lost her
African empire and will pull
away from Premier Mussolini the
day the United States declares
war on Germany.
Dispatches say American arma-
ment shipments to all British
fighting forces are coming through
with flying colors and that ship
sinkings are practically nil since
Raj raids pay particular attention
to Nazi submarine building CEN
tiers. Moreover, the V-for-victory
campaign IS showing excellent re-
suits in suhJugated countries and
President Roosevelt's Labor day
speech is accepted as encouraging.
REPORTS ARE THAT-Better
earnings lie ahead for Baking Co.
securities Texas Gulf Sulphur
held for yield; same goes for Free
port Sulphur American Loco
motive 1871 net estimated at 81;
common avoided because Of pre-
ferred share dividend accumula-
tons Chicago Great Western
will show $3.50 this year on its
$3.50 preferred shares Bush
Terminal will show profit for 1871;
first since 1881.
International Shoe 1o41 net esti-
mated at S1eO a share, year-end
dividend extra likely Good
rich benefits directly and indirect
ly from defense program. also all
rubber industry -. Otis Steel 1941
net placed at S1.25 share
United States Smelling Will con-
tinue liberal dividend policy
Bueyrus-Erie viii show 50 for year
. Long-range estimate: United
States Industrial Alcohol will net
more than IS a share for 1871.
There Is doubt whether Carrier
Corp. will pay dividend this
year . American Sugar equities
retained on knowledge company is
doing nicely Cutler-Hammer
should net more than 81 a snare
this year . Informed money go
ing into International Paper COM
mon and preferred on price dips
. Motor Products closed 4 large
.anfnr.-. cnr,t - - r...nl..I..