The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-03-08
Behind the
Ticker

NV NoRk = Because ~ &C.
eurities and exchange commission
now fInds that private deal. made
vita Insurance companies should
BE- registered. since money q pal.
iCyhoidsrs 10 involved. the Invest
msnt Bankers association IL happy.
And because Commissioned sum
ner T. PIKE 10 % ne eptnloa nat
insurance companie. should - xlv-
en- permission TO make Investments
In sound utility eammon sfaxks
trading Interests sre happy.
But these factors aren't seeept.
81 In financial circles are preef %
Friendship on the part % ths So
euritiss ard exchange commission.
stock exchange. wlil find that tAe
dove 81 peace dropped ths olive
branch when sEc reports 10 con.
sress
Cemresissea - Government and
municipal eond dealers ..v the
Reconstruction Finance corpora
tons purchase 81 the entire slao. !.
sao. ssf stats 81 Arkansas refund.
ms the bond is~ie 10 q definite
sign that the government slnzs 10
fis bond interest rates 81 large
cities or states regardless or tho
experienced views - private imam
cisrs
Here's the insias: ror meath.
the Chase National bank worked
on the rounding cut % = national
syndicate % 2so dealers 10 handle
the Issue. nv consensus 81 opinion
II was learned that because Ar.
kansas didn't act sooner In rednc.
ing operating costa and debts Tho
bonds would he sticky under a
"a per cent yield. The RFc said
"a per cent Was sufficient and
took all.
Municipal bond dealers saw iess.
Jones IL driving private finance
out 81 business. The banking com.
munity can't compete with the
governments unlimited funds
Clisnta refuse 10 buy Inv yield
bonds Seems A. II Jesse Jon.. IL
driving large and small investors
into Secretary Morgenthsu's pend.
ing $40 600. 600 600 Of defense bond
offerings.
Chaaxe-over the past year In.
vestment bankers have been fight.
ing the Idea 81 competitive bidding
on new offerings hut now they
are coming around To the view
that II would be to their sdxsn.
tsge. It's the Lesser evil compared
with private placement with insur.
snce companies. In the latter case
they get no part OF the issue and
thus lose revenues.
Report. Are That-stssl indus.
try doing best volume Of business
since 1920. prospects for remain
ing months Of year good @. G.
Murphy has investment following
New York shipbuilding direct
ors To vote dividend In May
For greater trading appeal there's
switching from American Can lnto
Bethlehem steel because Of hugs
shipbuildlng contracts Con.
solidatsd Aircrafts order backlog
totals s73s,ooo. 900.
American wooden management
not disturbed by excess profits
tax. will vote handsome dividend
on preferred arrearsgrs this month
LonK. pull positions retained
In Clustt Peabody For greater
trading appeal there's switching
from Delaware 4 Hudson into New
York Central Industrial
Rsyon's fefinanoinE proErs
mssns $500 600 In annual savings.
For greater trading appeal
there's switching from United Cor
porHtion into Radio Corporation
T. Sutherland Paper shipments
continue 10 show gains Douglas
Alrctaffs 1871 net earnings viii
run under those Of last year
Chesapeake = Ohio bought for at
trsetivs yield And, that Inter.
national Paper directors viii vote
regular preferred dividend most
Tuesday plus substantial payment