The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-12-08
TRADE
WINDS"
Nv SCHNEIDER

MN fOkk - During the SUM
ner months Washington ne"s
commentators reported how
Americas var production VAS N
= snsg and would not show the
desired results until late IN 1912.
Al that tine YOUR correspondent
pointed out that these men do not
understand industry as vel as
they do the game of politics.
The very same commentators
now tell Of the good reports COM
ing from production lines and pre-
dict that within another three
months Americas war output viii
equal that of Great Britain. These
men will again soon discover TO
their dismay that within the next
three months Americas armament
output will surpass that of Great
Britain.
Your correspondent repeats that
Washington commentators had
/ best stick 10 the game of politics;
that they still do not know of or
appreciate Americas great indus
trial ability when faced by an
emergency.
MARKED GAIN-Here is an
example of what American indus
try can do when il must In
March, General Motors Allison d.
vision was producing at the rate
of $50 liquid-cooled airplane en-
gines. BY the close of this year
the output will be hiked to an
average of 1000 units per month.
Such marked gains are being made
in all industrial plants, active on
armament orders.
OBSERVATION-DISCLOSURES TO the
contrary Notwithstanding. consti-
tutional lawyers say that Presi-
dent Roosevelt did not Junk" the
railway labor act when he asked
railroad and labor officials to go
back into session after the unions
refused to accept the recommended
tons of his fact-finding commits
sion.
The legal point is that the fact
finding commission merely listen
ed TO both sides and then offered
suggestions as to an amiable
agreement. The suggestions were
not binding. But when both vol
UNFAIRLY went back into media tion.
then the findings were legally bind
ing.
COOPERATION-D onald NJ.
Nelson, chief of the supply. prior
: tiles and ALLEGATIONS board. assures
merchants that he approves of in
creased production of consumers
goods which do not conflict with
defense items. and because such
! Is brake on initiation. will push
: such output. But he asks retailers
to cooperate in the defense pro-
gram via elimination of items
which carry unnecessary "frills."
TExTILES-Here is good news
for the textile trade: London
private advices are that despite
the splendid volume of lease-lend
raw cotton receipts, there is a
, sharp decline in cotton-textile pro-
duction due to a labor shortage.
that there will be a sharp decline
in the export volume of textiles
and that home consumption will
more than take up the short pro-
duction. This spells out no British
! textile sales competition in Latin
Y American markets-if shipping
: facilities can be had for American
q exports.
REPORTS ARE THAT: More
than IS per cent National Rubber
. Machinery's current orders for de-
> Tense work Standard Oil of
= New Jersey and Standard Oil Of
Indiana bought on dips by long
pull holders General Railway
Signal 1871 net estimated at 81,
!. preferred held for yield Ana
conda Copper to show IS for 1a41:
kennecott Coppers net placed at
$3.50 City Stores dividend
prospects remote; debt reduction
and stronger financial position
first on arrangements list.
Wrigley's 1941 net will run
about 10 cents under S427 shown
for 1910 chartists bullish on
Bendix Aviation s. Waldorf Sys-
|, TENS economies showing revenue
results Union Pacific bought
on dips for yield from funds OBJ
tanned via sale rail bonds. Copper
weld 5 per cent preferred, $50
par value, convertible into 2lz
shares of common American
Can to net Sc this year; preferred
rated amply priced current levels.
Parke Davis 1941 net estimated
at $50 a share Jones &
Laughlin has new trading follow
ing result of advice in statistical
services Daniels Mid
land current earnings ahead Of
year ago /. Brewster AeronaIti-
calls 1941 sales will total about
s25. DOC. 900 against $4,000 900
last year. and 1912 volume may
reach $4,000 900: expected to
earn 81 for Ie41.