The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-09-13
TRADE
WINDS"
H SCHNEIDER

MN 1ohh-AAA 80 = ~
the scsrcities Of rav materials and
manufactured items are not as real
as the new supplies prioriiies ana
ALLEGATIONS board SAYS. But those
lin = position 70 know say the
stories are fifth column propa-
Iesnds.
Truth n the matter IS that since
the nation is or war basis, and
indirectly an active participant.
no sacrifice Of the people is great
I enough To help the government
Il IS said that all material be II
scrap paper or manufactured steel.
rs Of urgent war importance these
days
AIR FACTS = Tests are going
ion for a 4 .0OO-horsepower airplane
Iengine 10 operate at an altitude Of
so 600 feet Secretary Of War
|Stimson saws production of bomb
ing planes increased lis per cent
lin last three months United
States Air Corps is increasing
training rate of technieians from
As. 900 to 1000 year Air
men from armies of eight Latin
American Republics are being Civ
en- st-graduate courses at United
States army flying school. Ran
dolph Field. Texas -. British air
force at Singapore is equipped with
such American warplanes as Brew
ster Buffalo fighters. Lockheed
Hudson bombers and Consolidated
Catalina patrol bombers II
lis up to American labor TO keep
EN- flying
INCREASE - Electric Boat has
an order backlog running to the
tune of S125, 600. 900 calling for 40
submarines and SO torpedo boats.
Company now has facilities TO
build II subs at one time as
lsgainst four when the defense pro-
gram got started. And it is ex-
Ipected that the torpedo boat order
soon will be substantially in
creased
AMPLE SUPPLIES - Automo-
bile manufacturers do not agree
with the opinion in retail trade
that there will be a more than
100000 unit shortage of pleas
ure cars this year. They point out
that between now and the close
of November raw supplies on hand
will produce more than 500 900
units, and raw material receipts
up to the close Of the year will
account Tor another 100000. A
large portion of the 4 $50. 900 vehi-
Giles sold in the 1871 model year
borrowed over 100000 unit
sales from the 1912 period More
over. there are stable stocks Of
1889 and 1910 models which are
Ireconditioned and in many in
stances as good as new. To top
II all off, used car stocks of 1888
or older vintage are sufficient to
supply more than the countrys
present needs.
REPORTS ARE THAT-Timken
Roller Bearing has 1886, 00O-ton an
nual capacity of alloy and electric
steel; important deefnse require
ments . United Aircrafts 1871
net will sail above S4.95 net of 1910
despite higher taxes Briggs
Manufacturing benefits from sub
contracts for aircraft parts and
plumbing wares; will offset dip in
auto output Lone Star Ce-
ment's 1941 dividend distributions
will total $3.50 or better.
Island Creek Goals 1941 divi-
dend distributions will equal SO
Of 1910 . Bell Aircraft's Aria
cobra fighter popular in military
circles . . . Dow Chemical benefits
from increased defense demand for
magnesium Motor Products
defense subcontracts booked with
reasonable profit margin CO.
Ilumgian Carbon shares held for
yield :. Nlrglnia-Carolina Chem
Iical common avoided because of
preferred dividend accumulations.
Wheeling Steel will pay year
lend dividend extra National
Dairy Products and Borden held
for yield American Hide 4.
Leather preferred liked because Of
conversion right Lockheed to
show net of SO or better this year
/. Interchemical management
considering 6 per cent preferred
redemption via new preferred at
lower dividend rate Oils are
liked best as initiation hedge this
from conservative investment cir
Giles.