The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-03-18
Behind the
Ticker
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dent Roosevelt gets into a tough
spot on the defense program hs
Immediately phones Bernard NJ
Asrlch, chairman Of the World
war l industries board. for a quick
guiding suggestion.
The fact that the president
bank. on Baruch for advice Is a.
surance 10 business executives that
the present complicated setup Of
var boards isn't the work Of
New Deal economic planners.
Reward-Here's the inside on
Why Leon Henderson suddenly left
Washington for a long vacation n
Southern parts and why he may
soon return:
Upon appointment 20 the s~euri-
tiles exchange commission. Hen
derson was all set for 'co-opera-
tive work with the trading mar
ke,s. Came the defense program
and he WAS asked 10 handle raw
material price fixing. Leon work
ed twenty hours a day. seven days
a week. snd-say all concerned
he did a good piece OF work. But
he soon found top-ranking New
Dealers placed in posts above him.
This brought on the belief that he
was being sdetrsoked.
Henderson and Bsr1Ich have
been working closely for some
months. When he went off for the
vacation. Barueh told President
Roosevelt in no uncertain terms
that he had lost a good man. Re-
suit: Bsruch il FDR's wire 70
get Henderson back 10 Washing
ton. As a reward. he will be voted
chairman OF the securities ex-
change commission.
New High-The national indus
trial conference board reports last
years national actual income at
s72 900 600 900 - greatest since
1880 and only s. 500. 900 900 under
the 1929 all-tme high OF s7e. 500
600, 900. But If the figures were
adjusted for changes in cost of
living. the 1910 total would amount
10 Ss7. 300 00o. 900 as compared
with a figure OF $50, 500. 600, 900 for
thus establish new high for all
time. It's expected that the 1e41
income will show a gain over the
1910 result.
Break-Under the protection OF
Mussolini's personal police force.
Don Juan, Count of Barcelona and /
pretender TO the Spanish throne as
son of King Alfonso XIII. publicly /
stated in Rome that he plans soon
TO return 10 Spain to re-establish
the monarchy.
Here's further proof OF a break
between General Franco. dictator
Of Spain. and the axis powers. On
w d n e sdsy he dismissed his
ambassador TO Berlin-Gen. Espin-
osa De Los Monteros-for being |
pro-Nszi and insisting upon SPANS
cooperation with Germany in the
war.
steady-Importers say that the
shortage Of shipping facilities will /
be reflected in the volume of i'm
ports. but that prices will not |
skyrocket because SURPRISES of /
domestic staples act is restrain
ing factor.
Reports are That:-Louisvill &
Nashville benefits substantially
from increased armament activity
American Telephone 4 Tele-
graph shares bought on dips for
attractive yield; same goes for
Union Pacific Long-range
estimate: Chicago Pneumatic Tool
common will show for 1871 slight
~ better than the S3.o1 earned
last year Pure oil increasing
crude production.
L. s. Stsrrett company operat-
ing at capacity: Produce Machine
Tools Goodrich earnings pros
poets considered favorable ;.
Minneapolis Honeywell sctive on
defense contracts Bsbcock 4
Wilcox untitled orders at record
levels For greater trading sp-
peal there's itching from
American eolortype into Stude-
baker. drug into radio corporation
common. and Briggs & Stratton
into square d.
southern California Edison
shares held for attractive yield .
Crown Zellerbsch may show 81 a
share for 1871: after taxes q.
Trading positions retained in Bull
lard shares: Machine tool maker
/. Penick l. Ford held for at
tractive yield; same goes for Roy
al typewriter shares and. that
on Monday General Motors will
report s4.s2 a share for 1910.