The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1942-03-03
TRADE
WINDS"
Nv eCINEIDER

tary Morgenthau will make his
1912 revenue act recommendation
10 the house ways and means COM
But word seeps through
that because of the White House
stand on agricultural prices. the
congressional farm bloc intends TO
have its own way.
Result: President Roosevelt will
be forced TO make a public address
concerning taxes. This overhsng-
ing nightmare has members OF the
house plenty worried since 1912
Is an election year. Thus the great
game of politics continues despite
the nation being ut war and fight
ing for its life.
SALES TAN--A survey OF the
nations merchants reveals that for
the first time In % years they
favor retail sales tax OF the
votes returned. rs per cent show
that preference along with the sug-
gestion that II replace the excise
tax. Yet congress and the White
House--probably for political rea-
sons refuse to heed that sound
business advice.
AUTO TIRES-Automobile tires,
originals or retreads or recaps, are
no longer available TO John Q.
Public. But even the United States
army is hit by the rationing pro-
gram. Military trucks OF more
than four wheels are being rede-
signed. And supplies have beer
revoked for tank rubber caterpillar
treads as well as the protective
sponge-rubber interior lining.
Should the rubber situation be.
come more acute, the war produc-
tion board has plan prepared tc
pay = fixed, but reasonable price
for the same 100000 unused
spare tires carried in the same
2s.000.0 600 autos. The bonus fol-
the turn-in will be a used tire gooe
for several thousand miles.
CIGARETs-The cigaret indus.
try petitioned the office of price
administration for permission &c
lift prices to offset the increased
tobacco costs of the 194l CROP
prices. Private advices say the
OPA will not agree because manu-.
facturers now have on hand large
supplies acquired at low price:
from the 1899 and 1910 crops.
BooTLEGGERs-The liquor in,
dustry is full of JOY these days
Reason: Bootleggers cannot get
copper for operation of Illicit stills
But bootlegging goes on just tn,
same. In this war il Is the Illicit
sale Of metals, sugar, tires. tubes
and other rubber goods.
REPORTS ARE THAT Philir
Morris will show $3.50 or more 70,
fiscal year ending March 81
Wayne Pump active on armament
contracts; operations will soon hi
capacity Oliver Farm Equip
ments 1912 earnings prospect:
rated favorable: same goes for
United Dyewood E.. General Cigar
management hopes to continus
policy OF dividend extras; If taxes
allow Doehler Die Castings
earnings outlook rated favorable
Amerada TO benefit II crude OF
production restrictions are liftec
Briggs Il Stratton closing
some interesting defense contracts
Il. American Locomotive prefer
red has war-osby speculative fol
/ lowing because Of dividend ar.
rears Simonds Saw & Stee
earnings prospects rated favor
able: same goes for BendiN
American Steel Foundries operst
ing ful-time on armament ane
railroad equipment contracts.
Youngstown Sheet 4 Tube 5 op
Grating income points upward
Chicago Flexible Shafts armament
order backlog expanding
American Chicle liked by invest
ment managers because OF IN
broken dividend record back 1
1925 White Motors has a long
pull trading following Purit.
Bakeries profitable fancy goods
revenue source hurt by suga
shortage; same goes for all bakers