The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1942-01-27
TRADE
WINDS"

NEW YORK - Joseph B. East.
man. director Of the office of de.
tense transportation, assures al
that the government has no plans
At this time for federal control
Of railroads. truckers. ship lines o,
air transports.
COTTON - Under the presen,
law. sale Of government-owned cot.
ton Ii limited to SOC. 900 bales In
any month or to ! 800. 900 bales In
any year. That may not read high
In the way Of figures. but when
compared with actual consump-
ton. II does put. dent In the
sales volume Of cotton brokers.
UNJUST - President Roosevelt
approved the plan of Federal Sc
curity Administrator Jaul v. Nc
Mutt that workers. displaced while
plants were being converted for
arms work. would receive N much
~ $24 = week in wages. This plan
was first sent In. and since spon-
sored. by labor organizations.
Now-how about 4 hand-out to
the Thousands Of small manufac-
turers and retailers who stand to
lose everything because of war
prioritics II the small business
mantle backbone Of the nation
lis left out In the cold. II re-
veals how unjust the game Of
politics can be.
POLITlCS-Note that John l..
Lcwis. who broke from the ALL to
start the Clio. will be the first vice
president of the new labor combine.
Washington opinion Ia that he Is
laying the foundation for an i'm
portsnt political drive In 1914.
q. NJ. DrviDESD..rhe General
Motors corporation board of direc-
tors viii meet for dividend action
on Feb. 2. Do not expect more
than q 50-cent token" wartime
which Will come out of
undistributed 1e41 earnings.
G. NJ. paid s3.75 a share In divi-
dends through 1e41-75 cents in
first quarter and 81 In each follow
ing quarter. Years earnings are
estimated at $3.50 a share. First
quarter 1912 operations may not
show any profit.
TAX LAW = Informed adyices
are that no important tax hearings
viii be held this month. 1t 10 not
expected that arguments on the
1912 revenue act will come up in
congress until after March Is. In
fact, the word In that the new tax
law viii not be legislated until
May or June.
REPORTS AR. THAT. Carpet
and hard floor covering makers
hurt by price ceilings and war pri-
critics :. Hershey Chocolate earn
irgs trend downward on higher
costs such as raw ma
terials and taxes Otis Steels
production this year win improve
on record output Of last year
Texas Corp. shares liked by long
pull securities buyers - on price
dips only :. Spicer Manufacturing
operating at capacity; most output
for war use.
New York City Omnibus win
show 81 for 1e41 =. celanese 1912
sales prospects favorable Muel-
Ter Brass dividend increase likely
. Business mans risk: Ameri-
can Locomotive 81 preferred for
attractive yield :. American Pow
or 4 Light common avoided be-
cause Of preferred dividend ar
rears =. Warren Foundry q Pipe
pricewise discounts earnings pros
poets.
American Machine 4 Foundry
being switched into International
Paper for greater fading appeal
/. ;. Zenith Radios military orders
continue to expand =. Howe
Sound benefits from United States
buying of Mexican lead Stand
ard OH of New Jersey looks for q
10 per cent decline In domestic
gasoline demands Hardware
for civilian use hard TO get: indus
trys output going into military
requirements.