The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-07-09
TRADE
WINDS"
by LOU SCHNEIDER

NEN YoRk-Willan s. Knud-
sen /. definitely the hesd - ths
office ~ production management
-top-ranking msn % the national
defense program. His one motto
:: Make things
he i the man Who built Henry
Ford's River rouge plant greatest
industrial unit in the world. Dur
World War it Wss he Who &C
eomplished the almost imposes be
stunt Of producing sub-ehssing
Eagle boats on mass basis No
man hetters him IN the transplant
ing Of blue prints and labor into
efficient production. lie loves ma
ehinery.
Smiling Bill Knudsen Is today
the general manager q all indus
tries IN the United states. round
ing oft the gigantic task ~ or
ganizing II for tho greatest pro
duction job N worlds history And
he Is doing 1t for the net salary
Of 81 year
WAR PLANTS - Since Nav I.
1910. the government has placed
about 81 600 600 600 worth Of or
ders for new defense production
Industrial plants or that amount
some ten per cent are completed
and in operation But with the
next 90 DAYS about 50 per cent viii
be completed and producing Then
the federal reserve boards trade
index figures will be at new all
time highs.
MASS OUTPUT - The automo-
bile industry is al set to produce
airplsns parts. engines and bomb
ing planes. Output viii be under
way within the next two months.
Full production viii be witnessed
late this year
by early 1912 the volume of
bombing plane production vii be
closer to 500 per month. against
President Roosevelts request Of
500 per month. Airplane engines
will he put out al pace TO equip
close to 10000 fighters planes per
year. And the engines win be Of
1000 horsepower rather than the
1000 horsepower which lie now
standard aircraft equipment
on top Of the aviation work. the
auto industry will soon be pro-
ducing. in mass performance. such
war items rs tanks, shells. guns.
machine guns. etc.
WAR COST Reliable estimates
are that at present Germany.
Great Britain and Uncle Sam are
spending about $40. 900 900 day
for their war machines. This is
the breakdown: Germany x70,-
300. 600 Great Britain SIS .00O,-
300. and Uncle Sam. just starting.
had a daily defense cost Of about
$50, 900 900. These figures do not
TAKE IN olntf countries
FINANCING - The United
States monthly war-machine out
lay runs 10 the merry tune 81
about 81. 900 0OO. 900 BY the close
Of the year the figure will double
And by mid-l942 the monthly out
lay will be $4,000. OO0. 900 - IL
World War II does not come 10 a
sudden close.
Secretary Morgenthau likes
working cash balance /
Of around $4,000. OOO. 900. But war
outlay is outrunning receipts. That /
spells out, say government bond /
dealers. a vast amount Of new fl T
nancing.
Informed opinion is that Score I
tary Morgenthsu will do large
part Of the new financing via tax
warrants. These viii
not carry interest rates but viii .
be good FOR future tax payments.
They will be sold TO individuals .
rather than corporations.
aida reliably informed source
'ays that Lockheed bombing planes
are being shipped to Canada At the
ate Of 81 a week. These are being
Town to aid Great Britain from
somewhere IN Canada.
PROGRESS-A few months ago
here was a critical shortage Of
ammunition for @1ch automatic
weapons as rifles. pistols. sub-ma-
'hine guns and machine guns.
Of some so subcon-
FACTORS who had machines that
.ould easily be converted for such
has relieved the situa-
ion. Schedules Of output are now
smost six months ahead.
Reports Are That - Investment
money still going into high-yield
ecuritles; positions taken as in
lation hedge Bayuk Cigars
nj by high taxes and raw material
&