The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-10-14
TRADE
WINDS"
NJ % iCuDrs

NV foRk-Hsre u prcef ~
Bow Washington iext its heaa IN
ihsa ar excitement. when Great
Britain needed oil IN a hurry. IN
stead 81 losniaE tsakeHs fcf the
shortage spell thew wsre switched
outright. NoS Secretary Isses
himself SAYS ths British may re-
ease frcaa to- 10 fifteen for eur
49,
II wiu - Interesting % s~e. say
oil men MO have essn stating all
along that the British did not need
al the tsakers. u the sap. wiii
he placed into service = relieve
the hsilyhooed eastern seshesrd
fuel shortage or for deliveries %
Latin America countries
GuIDE-Chalrman e y. sroes-
beck. Electric Bond a share. inti-
mates that the management q the
81 600 900 900 utility system Ia
giving serious thought 10 petition
the various public service COM
missions for higher rates 10 offset
higher taxes and operating costa
On = gain Of IL per cent in sales
volume. revenues To the EBs sys-
TEN are off 4 per cent Outcome
Of the petitions will hs closely
watched In financial circles Il
viii be taken a. another guide as
10 whether the president aims 10
reduce income an private capital.
TRUE sToRY-A small New
Jersey manufacturing organization
closed a fsfm-out defense contract
with a large automobile company.
Labor saw Il coming. threatened
a strike. The head Of the COM
psny phened the auto outfit and
said: Cancel my contract. There's
labor troubls. We're closing
down for good
In just about the time u would
take the auto firms labor leader
to get tho New Jersey labor leader
on the phone. the New Jersey labor
leader showed up at tho presidents
office.
We didn't call a strike. We
only want 10 negotiate. e
President replied: We have .
contract with your union. n you
strike We 20 out Of business and
sell our machines. There's . mar.
ket now
Result; The plant did not close
down because negotiations and
strike were called off without
help of the national mediation
board. OF course. a small-outfit
shutdown would be very different
from a General Motors or Chrys-
Ter shutdown. But IL 10 way for
small outfits to handle labor II
ready to carry the threat 10 .
finish.
WILL LOst.-Ths labor block
keeps hsmmering at the govern
ment that everything be placed
under a price ceiling except wages
But economic history il definite
that in a race between wages and
prices, wages lose in the end.
sTUCk-When the navy took
over the struck Federal ship.
building plants at Kearny. ". j,
IL y believed that a private
group would come along soon
enough to operate the yards under
the labor ruling handed down By
the national mediation board.
Up To this writing not one bid
has been made. In the meantime.
the union Is working for Uncle
Sam against whom no strikes may
be called despite the fact that he
does not operate any yards ON .
closed shop basis.
ARMY INSURANCE - Presi'
dent Roosevelt signed the National
Service Life Insurance act a year
and three days ago. Since then
the government has written slo.-
900 policies for s2,077. ala. 900 on
which 4ls claims were paid to the
tune OF 1881 .36502 a. Of octo-
Der 8. 1871.
The policies run In amounts
from 81 900 to $40. 600 and start
at cost OF s5-cents a month per
81 900 policy 10 the zi-yssr-old
selsctses Premiums are taken out
Of tn. monthly pay check. Insur-
anee runs for = 5-yssr term. after
which II may be converted into