Show p- p I I Allies Alies ies Buy Up Stock in Arms Plants WALDO and RICHARD Bv GABRIEL GABRIEL NEW YORK YORK Wall YORK YORK-Wal Wall Streeters these many months Accustomed of allied securities as a jo to 0 winking thinking aled for sale were rocked that the allies disclosure ale by iv the that it is beeg befog beng be be- or also are buying buying Or buying r i fog alo ng eg done in IR their behalf behal The first few isolated examples example may pres- pres ige ige the allied aled plan to lower costs cost of of munitions by buying into factory fac fac- tory ory ownership ETo To 10 date all al allied aled purchases of Car scar ar material have been at giltEdge gilt gilt- gi- gi Manufacturers of ex- ex Edge Edge- edg dg prices Manufacturers machine tools tool aircraft orders orders- parts have taken the tod nd but ad on Oil condition the foreign buyer buy- buy er but I. I stand the cost ct of plant ex ex- ex- ex panion On some plane contracts contract the load has ha come to 25 per percent W cent adde nt more than the going price In a recent deal with Atlas Ata Pow- Pow Powder Powder Wr der the allied aled contract pays for forte forthe he the cost of the plant then subtract subtracts sub- sub te tracts tract the Investment progressively progressively through a discount on powder powder pow pow- der orders order Were the war to end tomorrow omo row the U. U S S. concern is i fa I the clear cear All Al of which has ha the foreign treasuries looking for a way out out In Jn the last lat two weeks allied ale agents agent lave ave been taking up blocks of stock in several smaller steel and metal metal- working metal houses houes These small smal units are in line lne for sub sub- contract from the big houses homes fearing expansion the minors will wi for a heavy share of ex ex- ex- ex ports port What is anticipated is i that the present bu buyers ers will wi unload share shares held in large corporations where foreign control is out of i ithe the question question and and queston-and and spread the reinvestment re- re investment fn in m smaller saler concerns pere were management control is ismore ismore more Bore easily cornered f Copyright McClure Syndicate |