The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-09-04
TRADE
WINDS"
Nv SCHNEIDER

NfM 1Okk-ftere - PROOF =
that manufacturers. while not cas-
.ing On armament high-speed pro
duction. are preparing for post
var depression. sperry Corpora
ton Is now setting Up a special
reserve q funds and speeding Up
Amortization Of defense plants.
Numerous other corporations are
acting accordingly
The writing off Of war-plsnis
and setting up OF capital reserves
= being done because the war viii
not continue for years and cor
porate heads wish 10 have funds on
hand TO nde the depression until
business finds .tself Result. Not
al war profits VIII he paid out IN
dividends.
PREPARED - The railroad in
dustry = delivering more than
5000 cars Of defense goods a week.
Thus far there has been no delay.
And II plans work out as blue
printed, there should be no delays
this autumn and winter as there
were during World War !.
A rail executive says that as
long as those receiving goods
clear cars quickly and release them
for further use. traffic will move
IN an orderly manner. Moreover.
rolling equipment and tracks sre
IN better condition than ever in the
industry's history.
TROOP MOVEMENTS tn.
most interesting portion Of the
United States army training i.
Just ahead. And that's where the
nations railroad facilities will be
tested.
Washington grapevines say the
army Will be given thorough
training in being on the alert"
mis- means vast transcontinental
maneuvers in the shifting every
few months Of large groups OF
troops from camp TO camp.
The switching of armed To the
teeth soldiers will make the coun-
try military-minded. But ii also
means railroad passenger service
VIII run second to military activi-
ties. That's why rail men talk of
train schedules being revised 10
conform with the federal govern
ments requests"
OIL sHoRTAGE-when reports
OF a shortage of fuel oil and easo-
line on the Atlantic seaboard were
published in the newspapers. the
nations railroads issued a state
ment that there are some $4,000
idle tank cars that could be nut
TO use il Federal Petroleum Co.
ordinator Ickes gave the word.
He did. Now rail executives must
do some tall explaining why the
$4,000 tank cars are not in use.
The crux of the gasoline and
fuel oil shortage along the eastern
part Of the country is ships Trade
insiders say some eighty have been
taken out of domestic service for
foreign shipments and that the
total will soon pass the 100 mark.
There will not be total relief un-
I'll sound ways and means to re-
place them are worked out.
REPORTS ARE THAr-Unit.d
Aircraft may distribute as much
as 81 a share in dividends this
year despite unusually large taxes
F. :. Greyhound's regular dividend
may be supplemented by yesr-end
extra Electric Boat manage
ment will continue s0-cent quarter
ly dividend rate Lone Star
Cement buying traced TO invest
ment managers =. Borg-Warner's
loss Of auto industry business off
set by defense orders.
White Motor dividend 10 hold
on conservative basis until work.
H's NoPANoi ~ Adi ~ AHitfnb-
tionsl Paper common dividend like
ly late this year; preferred arrears
must first be cleared Long
range estimate: Cutler Hammer
will show more than $3.50 for ls41
F. :. Loew's expected to distribute
81 year-end dividend Com
mercisl Investment Trust dividend
distributions this year will total
81 share.
Buda Co. closed 3.390.072 war
department contract for tank parts
. Crane Co. may distribute 81
in dividends this year Beth
lehem Steel shares harbor profess
sional short interest No near
by dividends likely for Tubize
Chatillon Savage Arms may
vote 81 dividend at next meeting
/. Government copper subsidy
for Arizona producers would bene-
fit Phelps Dodge. Magma, Inspira-
ton. Miami and shattuck DEM.