The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-09-11
TRADE
WINDS"
Nv kCHNEIDER

|lective service act says that when
man completes his hitch IN the
army. his employer must put him
back on the payroll must make Up
the difference n wages Il not as
large as at time when he was
drafted and must not fire him for
AT least one year.
About 200 600 draftees will be
discharged between now and
Christmas. II the old Job can't
he obtained. the eN-service man
has the right To ask legal sid Of
the nearest L. s. district attorney
and hale the employer into the
nearest l. s. district court.
NARNING-Tt may interest la
Dor leaders to know that IN Great
Britain, Germany and Italy a man
IS forced TO work from 10 10 IL
hours a day on a 6-day week so
that output Of war materials be
Increased. Washington Giro les
point out that on government-op-
Grated jobs work hours are already
on more than an s-hour day. The
warning TO labor is that IL the
government must take over vsri-
Gus plants and factories because Of
no strike settlement, labor will be
hurt in the long run.
Is TENSION EASEDe-Finan-
cial leaders are jubilsnt over PRESS.
dent Roosevelt's appointment of
Floyd B. Odlum as head of the new
OPM. contract distribution. This
lis the second time within two
weeks that the White House reach
ed into New York's financial dis
trict for a man to handle a diff
cult government assignment. There
are many other so-called Wall
Streeters already active in WASH
ington. Does it mean that the ten
sion between Wall Street and the
president has eased?
SILK STOCkINGS-Here is an
inside silk-stocking trade warning
to Miss America: Although it is
true that retail stores are plenti-
fully supplied with silk hose and
mo shortage is likely up TO the
end of October. prices do point
. higher because no hosiery manu-
fseturer is making silk stockings.
The government has full con-
troll of all silk which is required
for the manufacture of parachutes.
/: None will be allotted for stocking
production. And manufacturers
supplies are good for no more than
ten weeks. Only the rich girl will
hang a silk stocking at the fire.
place this Christmas.
EFT TU JOHNNYs-This year
J little Johnny can have his leather
school bag, pens, pencils, erasers
and even chalk and a slate black
. board. However. the story will he
: different next year. Uncle Sam
i needs all these materials for de-
d: fense-production purposes. That
goes even for the silicate from
which slate is made. But this will
}. not excuse little Johnny from do
! ing his homework. He can use the
back of a wooden shovel with A
charred stick as did Abe Lincoln.
,- M T,.r r,,o
national Haryesters truck produc-
: ing plant operating at capacity;
farm implement division, too, OPP
!; Grating high speed E.. Eaton Man
ufacturing four largest customers
are International Harvester, Ford.
IChrysler and General Motors all
) active on defense output which
: helps Eaton indirectly . South
.ern California Edison will cover
% annual dividend with some TO spare
=: Philco pricewise discounted
y priority uncertainties.
!; Yellow Truck closed Greyhound
contract for several hundred buses
=. Granite City Steel doing nice
= Ily on volume Of defense contracts:
. dupont contracting good share Of
defense contracts; mostly on cost
l. plus basis White Motors OPP
!. Grating fun time on military re-
quirements: commercial demand
= must wait its turn =. w. B. Jar
Wis Co. hard hit by cut in auto out
Z put: makes automobile hardware.
Inland Steel will report high
earnings this year Pressed
b; Steel Car doing nicely on railroad
= and defense orders TrusX-
t; Traer Coal now producing eight
3 tons of coal per share annually
=. Colgate Palmolive-Peet profits
D from increase in inventory values
2. CRANKY Consolidated 60-cent
annual dividend to hold Truck
manufacturing equities are liked
. by conservative investors seeking
h wsrbaby participation.