The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1942-11-13

WINDS
Transportation Merger
Plan Again Discussed
Hopkins Warns Of
Family Mobilization
Plenty of Food
But No Cans

nv lot SCHNEIDER
President Roosevelis accept
ance Of Owen .. YounEs commit
tee recommendations of about ma
tional transportation mergers
railroads. air transports. etc.--ir
accepted In financial circles with
more than q grain % salt Rail-
road consultations have been dis
GUESSED for years and nothing has
come % them.
Complying with the transports-
ton act Of 1920. the interstate
commerce commission published
tentative national rail merger plan
on Aug. 3. 1871. Hearings ran for
eight years On Dee .. 1879.
final plan was worked out for
merging IN rails into - systems.
II failed to 70 through. The coun-
try was already In It's depression.
But. II the president demands
rain merger legislation. fears are
that another so-called securities
exchange commission" will come
into being. also government polic-
ing Of the industry. Words are
unnecessary to discuss the had
utilities securities situation an =
result Of SECS handling Of the
holding company act
You and your family VIII Be
modified"
This from Harry Hopkins. spe-
ciai assistant TO President Roose-
welt. He says 20 In an article IN
this months issue OF the American
magazine.
Mr.. Hopkins says that Of a.77e.-
900 in the civilian supply fields.
7.i6d.0oo will be switched 10 war
work. That gives you an idea Of
the size Of reduced supply that
there will be for civilians In due
time.
In his realistic picture OF how
most all will be switched into war
work, he points out that 1900. 900
boys and girls OF school age will
be needed. And Of $50. 900 In the
electrical field. only 1900 win
remain on that job for civilian
needs.
II men In the securities busi-
ness want an idea OF how they
match In on the wartime civilian
mobilization plan. here's how
Harry Hopkins calls the employ
ment figures: or 5e,70o In the in
dustry. $4,000 will be shifted into
war work.
Homestake INNINGS directors
agreed last week 10 omit the SIR
cent khare monthly dividend.
The company paid dividends since
1920. The $3.50 n share minual
rate has been distributed since
1888. But gold production IL under
WPB ban and where there " no
income. there cannot be dividends
To stockholders
In Canada the goid-mining sit
uation Isn't as severe. The do
minion needs funds. and gold Ia the
worlds best cash. But output has
been reduced. That's why invest
ment eyes are on Dome Mines.
company's general manager, J. n.
stovel, already informed stock
holders that they will have 10 suf-
fer q wartime dividend reduction.
One close 10 the Dome Mines
management confirms that q divi-
dend cut In certain. Best guess,
At this early date. In that the
shares viii be placed on a 81 an
nual basis. Rate now IL $50 an
nually. But the cut may be worse,
depending upon what conditions
are when the board meets for sc-
ton late next January.
secy. Wickard's wartime food
production goal VIII be met but
there are overhanging problems
yet TO be cleared. VIII glass con-
tainer makers get the required
machinery to produce the extra
volume TO offset elimination OF the
10. 900. 0o0. 900 cans annually
How about a high priority rat
ing for sealing maehinesy WIN
rubber substitutes be found for
closures II may be because OF
these problems that ws will have
1913 food shortage-not because
OF food itself
Recent third quarter corporate
financial reports show better earn
ings than generally anticipated.
This not because income In In
creasing and likely 10 increase but
rather that they set aside more
reserve funds for higher taxes
than was necessary.
With government contract me-
goiiations continuing. ssy bank
ing officials. fourth quarter IL
nanciai reports may not make az
pleasant reading as those Of the