The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-01-09
Behind the
Ticker
By LOUIS NJ. SCHNEIDER

NEW YORK - Banking circles
having reliable news sources say
President Roosevelt's determine
ton to get the armament program
started quickly is the result Of
diplomatic sdvices that Hitler is
preparing TO deal the final death
blow" TO England about March /.
The warning is that Hitler's
military staff says England must
be forced out before Italy wears
down, and before the mass pro-
ducing plants Of the United States
get going fun blast rs German
plants can't possibly compete
against them since they are con-
stantly subjected to heavy air
raids.
The president Is told, say bank
ing circles. that Nazi air raids on
England win be more severe up to
March ! but that England will
hold out. That, II Is said, win be
the turning point. From then on
it's a case of which will have most
war supplies.
France internationally in
formed say that Marshal Petain
and General Weygand have no
Use for Mussolini since his stab
in the back" AS President Roose-
Welt characterized Italy's declara-
ton OF war against France.
The report is that Marshal Pc
tain will ic all he can To "appease'
Hitler while General Weygand pre-
pares a powerfully trained and
equipped army Of more than 300
600 men in Algeria. Tunisia and
Morocco.
It's expected that France will
deal death blow" to Italy when
the Greeks and British have
weakened Italy sufficiently. The
French navy will cooperate. And
this setup. say reports. is the res-
son Spain keeps out of the war.
Observation-Disclosures grapevine TO
manufacturing offices is that the
National Labor Relations board
will hereafter be more firm with
lsbors side OF story than pre-
viously. The severity of govern
ment-business relationships, con-
corning labor. will be eased.
When Assistant Secretary of
War Patterson was asked about
Ford defense contracts, he an
swered that the labor policies Of
a manufacturer are important but
that labor wasn't the only item TO
be considered and that the war
departments policy hasn't chang
ed. It's 10 be noted that Ford
Motor company got its contract.
And there's strong Washington
talk Of congress passing law
that will make IL obligatory 10
submit all labor disputes TO arbi-
uation-Just as are railroad labor
matters-before a strike can aetu-
ally be called. Moreover, talk has
il the <0-hour work week will be
lifted TO 4s-hour week basis be
cause of the defense urgency.
Reports Are That: International
Paper expanding into box contain
er field Hudson Bay Mining
profits narrowed because of high
Canadian war taxes Flintkote
10 benefit from increased building
activity Western Maryland
common avoided because OF heavy
preferred dividend srrearages
Magma Copper will benefit from
increased domestic demand
Atchison. Topeka a Santa re
management looking ahead for
heavy defense loadings.
Phillips Petroleum yesr-end tax
loss selling taken mostly by in
vestment buyers Underwood
Elliott-stsher domestic sales gains
offset large portion loss OF foreign
sales; sanse goes for National Cash
Register. burroughs Adding Ma
chine and international Business
Machines ;. J. c. Penney's earn
ings prospects clouded because o,
heavier taxation Great Nor.
thern Iron Ore. benefits from sus.
tanned hish rate steel industry &C.