The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-04-08
Behind the
Ticker
By JIMMY HAlTo
Nv LOU SCHNEIDER

NEW YORK Exporters say
there can't be a good neighbor
policy with Latin-American coun-
tries so long as congress refuses
TO allow the army and navy to
spend a few millions of dollars on
meat and other supply purchases
outside the country. They can't
understand the attitude of the
White House in allowing the delay,
especially in the face OF the bill
lions Of dollars being spent for the
defense of the western hemisphere
and democratic European nations.
The informants point out that
it's of especial interest to note that
such countries as Brazil. Chile. Ar
gentina, Colombia and Uruguay
didn't follow the move of the Unit
ed States in taking Axis ships
into protective custody. These
countries are waiting to see II
Washington is sincere in its good
neighbor policy They have no
faith in promises where the game
Of politics is involved.
Observation-Disclosures proof that
tin-American countries are act
ing on their own. Chile has a
trade commission making the
rounds of other Latin-American
countries, and Argentina and Cuba
ratified a commercial treaty to
grant reciprocally most favored :
nation treatment.
Informed banking sdvices are
that it's only a matter of time
when Latin-American countries
will find that If they cooperate in
the exchange of goods. plus what
they obtain from Japan. Australis
and Great Britain. they will be in.
dependent of Uncle Sam except
for highly specialized machine,
and equipment.
Prepared = lie department o.
commerce says there is no suci
thing as an official foreign black
list" But there is on file up-to
date data on all trade representa-
tives in Latin-America who ar,
considered anti-American or pro
Axis. These names will be fur
nished TO exporters or industrial
firms If such request is made.
Honor list-Prior to the earl,
1e20's. there were no billion-dollal
banks in New York. Today Their,
are seven. Those having resources
i in the amount of one billion dollar
or more. and in the order Of size
are: Chase National. Nationa
City, Guaranty Trust. Banker
Trust. Central Hanover. Manufact
urers Trust and the Chemical banl
which joined the honor list o.
March 81. All are located in tn
financial district.
Reports are that-Tobaeco sc
curities restrained price wise be
cause of fears that sales take
will be increased Air reduction
will show close TO 20 cents a shar
for first three month for fiscs
year TO end June 80, Atchison Wi
show over 81 a share Smith
Corona March quarter net place
at SIPS a share Zenith radio
Latin-American trade showing ex
cellent gains Union Pacifi
held for attractive yield; Road
Loadings up sharply.
Mueller Brass operating nea
capacity q. Owens-Illinois Glass
fibre-glass division doing bette
than expected d. Hollywood buye
Of Paramount and Loew's share
Delaware, Lsckswsnna Wi
show first-qusrter profit of tw
times deficit figure reported 70
last years like period Ana
conds Copper held for yield an
initiation hedge Bethlehem Stss
Will show about 81 a share for frs
quarter.
Commonwealth Edison TO cor
tinue 45-cent quarterly dividend
Official. Chesapeake 4 OH
shares bought for attractive yiel
United Fruit operations al pea
because OF freighter shortage .
and. that Western Union-Posts
Telegraph merger being worke