The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1942-11-24

= - - CAFHA6 MAAAA HH#H
transactions are not o. : strictly
cssh basis
II has ben felt hat Emil
Sehran was nAne1 president =
TIE New xoTk stock exchange -
rebuild public confidence N hat
trading market. rather than 70
bring about a better political r.
lationship between ths hlg besrd
ard IRE White House Mr..
sehrams hif task sis t. increase
daily trsdtng volume.
one q Mr.. sehram's first I'M
portant moves Vas - reorkanizs
The association 81 stock exchange
firms. II roes without saying that
the streamlinsd association vas q
act 10 increase brokerage bush
ness and not only help member
firms in clerical and legal mat
tiers. That's why plans were
rushed for q national advertising
campaign.
Il Ia well over = year since Mr..
Schram streamlined the assoeia-
ton. yet no, thing has been done
TO Inform the public IS to the
benefits Of the exchange and
members services. The plans are
accommodating dust.
All efforts-the little that have
been msde-to get other indus
tries 10 pay the advertising costs.
have shown no results.
Yes. u isn't unkind 90 report
that stock exchange m IN hers
firms are discouraged with the
no progress" in the planned ma
tional advertising movement and
wonder II such viii ever get under
way.
There is no breach Of conf
dence the informant didn't say
"off-the-record' in revealing the
inside news-in reporting here
that q large insurance company
has been quietly liquidating about
$40, 900, 900 worth of com n
shares over the past few weeks.
and that the funds are being
switched into top-grade govern
ment issues.
Selling of the securities Ia not
of one kind. The list ranges from
low priced communications to
high-grade bank shares. Utilities,
oils. rails, industries. shipping
etc. are In the list And there's
plenty to come. Fact Of the mat
ter il that selling continues. That
probably accounts for securities
prices humping a ceiling on re-
cent rallies.
Taking into consideration the
London stock exchange move to
find ways to curb securities spec
ulation, and coupling the same
with the information that a large
insurance company Is switching
from common shares into high
grade government bonds, one won
ders whether the organization
which has a good many millions
in all kinds Of securities has q
tipoff that both London an d
Washington will act within the
not distant future to put a limit
on the amount of profit one could
earn as result of the buying
and selling Of common shares?
You can mark the slate as
nothing doing" on the railroads
petition to the ice for higher
freight rates on crude and re-
fined oil shipments to the At
lantie seaboard. The ICC post
poned the date OF boost TO June
is. 1913. Reason given officially
was TO allow time for an inyesti-
CATION Of the "lawfulness" Of the
proposed rates. But note the
timing. BY June, 1913. the new
oil pipeline to serve the Atlantic
seaboard will be in operation.
Reports Are That: Baltimore q
Ohio Railroad will clear net in
come. after taxes. etc, Of s34.-
o65, 900 for 1e42; estimate from
its president New York Cen
trail Railroad win net about 81 a
common share for 1912; this esti-
mate from its president. too 3.
TransAmerica Corporation will
pay $40 a class A share and si2
a class b share OF the Axton-
Fisher Tobacco Company: offer
made on condition that specified
number of stockholders accept the