The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-27
TRADE
WINDS"
Nv SCHNEIDER

NEW YORK August IS mark F
81 the sixth anniversary o. TIRE +
enactment Of the public utility F
holding company act When Presi-
dent Roosevelt affixed his sigma
turs 70 the statute Il gave the +
government broad regulatory pow F
.rs over the S14 oO0. 900 900 light f
and power industry.
Despite IN. fanfare and propa- +
rsnda sent out by new deal pro- /
ponsnts Of the legislation. prior TO /
and after passage Of the measure,
there has been little change In the /
situation over the last six years.
The promised revolutionary reor- /
sanization Of the nations utility /
Industry has not materislized ex-
eept for utter confusion in finan-
eial circles.
And when President Roosevelt /
signed the investment trust act Of t
1910, It was the signal for the
government 10 20 after the -eor- /
porats monstrosities.' such as
strity holding companies. Yet, |
soothing has been done. II appears
- though nothing will be done un-
NJ the suprem. court rules on the
sonstitutionslity OF both acts.
ExPIANATIo - American
non-interyentionists insist there Is
no reason for an oil and gasoline /
shortage along the Atlantic sea-
board because II would be quite
simple TO acquire the IS or more
tanksrs idle In New York harbor |
and put them 70 work
A check Of this situation reveals
mat British and Norwegian tank
ers m New York waters are Idle, |
waiting for extensive repairs.
These vessels were either worked +
10 bad condition" in rushing sup
plies across the ocean or damaged
BY enemy craft
AUTO RATIONING The
OPACS- OPM-auto industry agree
nnent reached last week on pro-
duction OF cars and trucks for the
final four months OF this year
calls for s1e,s01 units compared
with 1.113.361 in the correspond
ing 1910 period; and for all Of the
1a42-model year To end July 81,
1912. the volume Is restricted 10
2150000 units. about half OF last
years output and at the 1884 rate
of production.
Automobile trade insiders say /
the figures sound reasonable to
the layman. but they are not fool
ing themselves. They have the
supplies to produce the si6,sO1
units up TO the close Of 1871, but
doubt whether they will obtain any
for the balance of the 1912 model
year. Auto men say the 1912
model year output probably will
average from go 10 IS per cent
under the 1e41-model volume. And.
II IL not unlikely that auto ra-
tioning" will be necessary early
next year.
sUGA Leon Hendersons
s5O-cent pound raw sugar price
"celling" is applauded by consum-
srs, but not by Cuban growers.
They want to cash in on some OF
the increased American spending
and are withholding offerings until /
shipping charges are added to the
new price.
The scarcity of Cuban offerings
Is disturbing American sugar re-
finers. Some are said TO have
only few weeks supply on hand.
II receipts do not increase soon, |
there will be raw sugar shortage !
regardless of the fact that the |
price is fixed-and thousands OF |
workers will face the loss OF Jobs. /
WAR PROFITEERING - Here /
Is another instance showing that [
foreign interests aim TO war
profiteer at the expense OF the
Inc
son ceiling" price on burlap was
explained in detail by importers TO |
Calcutta mill operators. Response:
4 new price boost-defying Mr..
Henderson. Result: American bur- /
lap buyers will reduce the take so
per cent and substitute cotton
textile. But It will require about
so days before India realizes that
war-profiteering does not pay.
PIANO SALES - The piano
trade is cheered by merry sales
tune. Volume for 1e4i is expected
10 hit the 10000 figure-largest
in II years. This years retail
Gales will be rs per cent ahead of
1910 and six times the volume OF