The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-01-31
Behind the
Ticker
n, LOUIS VI. SCHNEIDER

>Ew NoRk-Gen. n. X Ruth
erfore. director q planning. office
~ N. under secretary 81 var.
say. TIRE success ~ the defense
program from here ~ ia srr 20 IN
dustry. This he ted leaders o.
lshor and industry.
Officials 81 the automobile and
aircraft Industries view the state
naent "a q velied threat They Re
heve II is only = matter q months
before the government assumes
complete control of ell sirplane
production. A few predict July
Here's why corporate heads
foresee government defense con
troll Key men In the aviation tn
dustry recently answered govern
ment questionnsires. It's step
toward building up personnel to
handle acquired plants And as
for labor. there's no such thing ss
/. strike sgsinst Uncle sam.
Anniversary; Precisely At $40
Washington. u. c. time Friday
afternoon. the so-cent dollar will
attain its seventh anniversary. II
vas al that time On Jan. 81. 1894.
that President Roosevelt signed
the proclamation which reduced
the weight OF the currency from
ass grains Of gold 10 IS s.2i
grains. thereby lifting the price
OF gold from s2oe7 10 SIS an
ounce and reducing the value OF
the dollar TO So s per cent Of for.
mer parity. At that moment.
seven years ago. the value Of the
monetary gold stocks Of the coun-
try was lifted from sa.03s 600 600
to So. s2e. 600. 600. Today the gov
eminent owns more than s22 600
600. 900 worth of the precious
metals per cent Of the worlds
known supply.
Resentful; Lancashire cotton
mills struck a barter trade last
week for Brazilian and Peruvian
cotton in exchange for British
made textiles The pact has Amer
lean cotton growers and textile
producers hopping mad They
can't see why Washington should
rush the lesse-lend bill II the Brit.
ish trade in that manner.
y. a W: Good management
brings good results. This Is con-
firmed by the Norfolk a Western
railways 1910 net profit OF s2i 90
a common share.
The roads official. steadily
pursued the policy OF reducing
funded debt, concentrating on
traffic conditions. and avoiding
incursions into securities OF other
railroads. steamship lines or street
car companies. Pennsylvania rail-
road owns a % per cent interest in
the N. a w.
ReportS Are That; Production
OF aircraft industry will easily
double that OF 1910. some believe
figure will be higher Simmons
company benefits from increased
consumer spending =. Union Pa
cities IS annual dividend secure
For greater trading appeal
there's switching from Endicott-
johnson into General Motors
Cannon Mills current sales vol
ume ahead Of q year ago
Lima Locomotive doing well in
all departments, but hard hit by
higher tax rates Crucible steel
preferred has semi investment
trading following Remington.
Rand's domestic business 33 per
cent ahead OF last year Muel-
Ter Brass current fiscal year divi-
dend will double that Of previous
i2-month period Investment
positions held in Reynolds Tobsc-
co-ssme goes for other tobacco
shares.
Manhattan Shirt sales prospects
favorable on increased consumer
spending q. sperry Corp. to con-
tinus liberal dividend policy. but
amply priced on respects On
present tax basis. Air Reductions
first-qusrtsr net will equal 10
cents q share >. And. that Amer
ican-Hawaiisn Steamship will show
about 1915 q share for 1910. but
1925 was from old boat sales and
therefore homecoming.