Evening Star Newspaper, January 12, 1922, Page 24

‘THE "E —OPTALTRA T REHLECTS BOARD >"of | Annual Exhibit Shows: Credit | & Vo 3 traveling ex- FINANCIAL. FEDERAL INCOME AND EXCESS PROFITS Conducted by DR. JOSE! (Copyright. 1922, by Joseph J. Klein. Al rights reserved.) “ (Tag questions should be addeesssd 16 Dr. Klein. in care of The Star. all communications must be signed. Dr. Kl To receive attention, s’ askwers will not reveal the is deductible the penses pald in connection with trade I pointed out in the previous article or businéss.’ and such traveling ex- penses now include not only the rail- way fares, but also amounts expended lodging while away | | trom one’s own hom 1f an employer compensation, and if such pa; ARTICLE V. . that neét income results from deduct- ing certain items from gross income. ‘We are now ready to consider the What Are Deductipns. ! Let me illustrate the nfture of de- additional ductions from gross Income. pays a monthly rent of $100; so do Jones may not deduct his rent payment from his gross income, Does the govern-du ment discriminate against the Joneses ! €apense. and in favor of the Browns? Jones' rent is for his apart-! s his employe Jones known as a bonus, es| ment is not given as a mere gift or for services actually rendered. then the bonus may be de- ted by the employér as a business Conversely, ives a bonus must add it to gross income. Expenses for advertising, commis- is for the rent of sions h he conducts 4 trad- | money (with some exceptions), insur- is disbursement con- . ance premiums paid on business p erty (not on household furniture §00ds) and othar business insurance are o1l deductible ftems. interest pald on bor- ney, regaidless of the pur- pose to which the borrowed money is #pplied—that Is, whether for business reasons—is deducti- but Brown may No. not | who rec Brown's payment stitutes a business exper The law permits the business expenses, but not of privite or personal expenses. is sometimes very clear. case of the rent [lustration; times it is not so clear. Carfares Spent in Busl For example. a busines spends carfares tomers may from his gross income; but Jones. who riding from home to his place of emdloyment and back again. may not The disiinction is not a logi- ts 'n’the law and! femitiar with i . eduction of The distinction the|rowed m, or fcr personal Deductions e same way ull | whether on busin visiting his cus- or a .total or on personal are allowabic deductlons, Bes i A dgecrease of the taves are Income or! cal one, but it ex the taxpayer must The law refers to nilowable deduc- tions as “a | the ord tates government. - “and neces- o Sonmeat The total deductions from the gross come were $313.648.09, which was ¢t a kind that benefit or lucreasean increase of $7.992.31 over that of the preceding year. The company’s gross income totaled | 725.35 which was an 3 over that of 1 the comple’e summary arrying on any trade or busi- value of the his employes, | which the taxes are assessed. not includa the wauges paid to A house But if such wages are paid whether of business or of personal property is insured, only the differ-| ence between the the amount recovered from the insur- is deductible. s covered by this theft losses. de- | gevenue ruch part as may be applicd to the business of the doctor or dentis saine Way. the expenses w the housekeeper my apartment, the payment to a building superin- tendent or to a janitor w10 took care of an apartment house whi out to others. ticn the payment would be deductible by me. » Rentnl Deductable. before the rent D is deductibl lue or cost and| { Passenger revenue Spec al car revenue h 1{ance company, kinds _of os { topic are fire losses. ! stiuction by storm or utherwise. If 1 own an automobile und it t of repair he machine is used: If it is a pri- | cannot deduct Tota! reveaue . transportation . ductibie orly if | for business purposes. vate car, I cannot deduct the cost 5 301.200.35 $34.68: (38.3% of grow rer- fele VI will prear noom. and Live Stock GRAIN AND PROV PALTIMORE. January 12 (Special). | new. 130 pounds., 3.40a; 25: 100 pounds, | wweets and | ss proverty operativg rev. railway ope.ations.. OCAl. WHOLESALE PRIC -killed sprir r b hogs. per lb. Green fruit ¥ 10.50; per bu. bas cucumbers, crat . ‘g8 plants T PROFIT AND Losk orznges. per crate. 024.50. Florica oranges. 4.0ta 1 Tangerines, 4.00a5.00. Vegetables—Potatoes. sweet potatoes. per bbl. gs. per crate, ' bushei. I. 7001 O0optaes. crute. 3.50a6.50 SR Tdas0! Eggplants. per crate.| bBers. 3.00a6.00. z Tomatoes. per box. Elorida, 2 Bean:. 4.00a6.00 pef basket. i pi peppers, per SUPEW DerTies, “BALTIMORE, January Prices at Noon: Tive poultry—Turkeys, red winter. red winter, per | holders of the Home Building Asso- i ciation was held Tuesday evening and the election lowing officers and a reduction of estern winter flonr today. vellow. quoted | resulted : No. 3 corn, spot. No. 4 corn. spot. 57% per bushel: vellow, No. 2 domestic or betier, 2 per bushel. | niBules—Bag 'ots jat 60c per bushel. " Oats— White, Geese, 20a28. Pigcons. iuinea fowl. 2 Turkeys. pound. poorly dressed Cob corn. o Dressed poult vice president: of mixed, delivered, ; Richard F. irectors. Will {ley. Fred L. Vogt. Harvey 7. Winfleld, | Morris Hahn and A. Lynn McDowell. per bushel: No.'The annual report of the president . 88: No. 3, no|showed the assets of the i cating a ste. past vear and an inercase the past ten; auzhton, treasure s firsts, dozen. utter— Creamery. 4% per bushel. wesiern export, s _ j quotations. Pfocess butt zood to choice tim- 16.00 to 18.00 per i years. 118.00" to 2. {othy and mixed h: jton for fair to good. 70 per cent W, L. and Trust Company. aington Loan and Trust i the officers of the last year were re {elected as follows: { president; No. 1 wheat, tangled, 11.00; No. 1 oat, ! 11.000 heau: active on ali classes: beef stecws, 14t she stock and culvs John B. Laruer. Andrew’ Parker, i president and trust officer: Harry G. president and treasurer: vice president and Boyd Taylor, as- Charles H. Doing. Charles R. irant. assistant treasurer, and Wil- | vance here was probabiy promoted b. jliam H. Baden, a;izlualm’;run oMcer. i The directors declared the quarterly k to around 48 ond of 213 per cent and & special firmer with ! dividend of 2% per cent. 5, j close for the transfer of stock from to 53%, the corn'January 24 to 31 i { " The following were elected direct- s of “the Columbia Title Insurance Becker, Charles W. 8. Arm- Weedon, William Flather. George E. Fleming. Charles Marsh, William D. Hoover, Willlam Charles . Glover, Jjr.. 2% of seed wheat for Russia. Ied | J. Leo Kolb, Christian Heurich, Leon which. | Tobriner and Louls R. Peak. New Bank ‘to Open. ants aud Farmers' S f Anacostia is to be the Russian rellef pyrchases. steadied { name of Washington's newest finan- The finish was | clal institution ! ganization. ac ! nouncement made yesterday. Raymond E. Huntt. at present cash- ier of the Anacostia Bank, The bank is to be located {in the vicinity of Good Hope road.|of the Pa Nichols avenue, | CHICAGO. January {turns today in the price of wheat commission css in Liverpool quo- ! tations was tae chief bullish factor. Sustained buying power. though, was | real estate officer: Tailed to hold, | Sistant treasurer: Steady to stronk- higher on desirable beef steers ariings, 9.00; bulk beef steers, 00; bulls steady: stockers ang ders strong. i ecaipts. 40,000 head; active | igher than yester- big packer on 140 to 160 pound ; pigs. desi-able, .50 Thomas Bradley lacking. and the gain: Opening . quotations, {from % to % higher, with May néthing; top, ayerage: bul 48 to 50 higher; bulk {were followed by a setba yesterday's latest figures. Corn and oats After ;vptnml eep—Receipts, 21,000 head: gen epally steady: some held higher, ' market reacted a Oats started '3al4 to %Ga% up. May, hardened a trifie| Ccmpan more. but then sagged somewhat. quotations on firmness to provisions. Subsequentiy, bidding steady on feeder lambs MANHATTAN SHIRT GAINS. Earnings in 1921 Nearly Double ! Those of 1920. INEW YORK. Janua ing profits of 1 J. Bell, George W. Brow res.gnation together with pur- | IZdmonston, another wheat The close was unsettled at net decline to % gain, with May 1111 to 1.11% and J the Manhattan for year ended November | ¢ 9915 to 993, now in process of or- rding to ‘official an- the corn market laf firm at a shade to '3 net higher. May 53%a38% to 'a. the previous year. After the payment of interest. taxes available for dividends on fhe common { president. with $2.31 a share carned the previous year. July rounts payable up to November | Oata had been reduced to $1,335.- The high for accounts payable i was in the previous year, when they | ! Anacostia and site negotiations d. it is said. The institution will be capitalized L at $230.000. the stock selling at $15 a { share—$10 par and $5 to surplus. on the common i 38% | comple either 1919 or-191%. ! entories are carried_at $3.476.00 ag compared with $3.851,000 in 152 .000 in 1919, !.INCOLN_§TOCK SOARS. to Purchase Plant | Boosts Shares. BETROIT. January 12.—More than 30000 shares of the Lincoln Motor|d0mand. 4.22%: cables, 4.227%,; 60-day | pany changed hands on the De- triit Stock Exchange. follo: ncement that the FKord nned to submit a bid of $8,000,000 the Lincoln plant when it is put at a recelver's sale here Feb- figure is less tha 4.231 Eudapest b e’members Fdrd Plan By the Associated Pre NEW YORK. January 12.—Foreign Great Britain, The same board of directors of the National Capital Bank were re-elected | Bolgiano. first vice president ‘“A H. Albert | Klopfer, second vice president: George 3. Walker, third vice president; W. B. Todd. wecretary: Robert S. Stunz, for another year. >, Clark, Clarence F. France, de- | Donohoe. John D. Earnshaw, S. K. Eb- erly.-Lewis Fiemer. W. P. August G. Herrmann, W. 1. H. McKee, James L. Parsons, W. A. Simpson, M. A. Weller. S. H. Walker and John C. Yost. Election of officers will follow Jater. Ghiselll With Merchants’. Frank E. Ghiselll, d twenty years prominent in local bank- Argentina. demand, 33.62. Brazil, de- |ing circles, and until recently identi- the Commercial Bafik, joined the forces of the Mer- chants’ Bank yesterday. will act as assistant trust officer of Pay.|the Merchants’ at present. and will continue with the institution when it begins to operaté as the Merchants’ Feb. 1:Bank & Trust Company. Second National Election. At a_meeting of the board of direc- tors of the Second National Bank held vesterday afternoon, Vicdtor B. Dey- ber was re-elected president; Somer- June .1)sét R. Waters, first vice president John C. Eckloff, second vice president; Seyboth, assistant Samuel J. Prescott was re- elected chalrman of the board. Mr. Marlow has been acting cashier for tre bank since Mr. Deyber re- ebma on banks. 4.19%. imand, 8.1415: cables, 8.15. interests! mand. 4.32% cables, 4.33. H. Marlow, demand, 0.53%: cables, 0.533. 36.80: cables, 36.86. Swedeén, de- Holland. demand., demand, 15.75. he stock opened at less than $3 a|mand, 24.95. Denmark, demand, 20.00. re and the top price recorded was | Switzerland. demand,” 19.4 a block of fifty shares being sold {demand, 14.96. Greece. demand, 4. that price. The close was at 5% ncoln_Class A stock was brought at $50 and sold as high as $56. has dropped as low as 32 since the Montreal, 95. —_— DIVIDENDS DECLARED. Mr. Ghiselll oo pwn ncmy PLAN FOR AUTO EXPORT. NEW YORK, ls to establish an export com- b[le of 130 automobile manufacturers to, enlarge credit resources and re- dyre overhead cost of foreign trade taken under consideration by delegates to the convention offi export managers of the National tomobile Chamber of Commerce. plan is said to provide facilities American automobile manufac- 's to compete with foreign man- ul nu'erldln extending credits to Atlas _ Powder Co. $1.50 q., $1.50. Gillette Safets Pittsburg-Lake Walter W. Esch and J. K. C P interest at @, n & Trust Co. (Furnished by Redmond & Co.) U. 8. LIBERTY BONDS. U. 8. Liberty 3ts, . 8. Liberty 1st |‘ 8. Liberty 24 4x ) it . Liberty Liberty iberty 8. Liverty Bid. Balance of $1,089,585.85. |- oA Other Elections. At tiae annual shareho'ders’ meeting | K ngdom of Belgium Thun 194 jof the Capltal Traction Company, held in- the company’s offices, the entire old board of directors was re-elected to: jserve during the ensuing year. lare: George E. Stellwagen, John S. Larcombe, David S: Carll, Benjamin W. Guy, John M. Perry | { | and John H. Hanna. The board organized immediately and | re-e'ected the old officers. These cluded: George E. Hamliton, president : | David 8. Carll, vice president: John H. | Hanna, vice president: H. D €rampton. Isecretary-treasurer; J. E. Heberle, as- {sistant secretary, ang C. 8. w0 sistant treasurer. A summary of the company's opera- tions for the year ending December 31, and siowed u credit balance at the close of the. year | of $1,089.585.8: over 1920 of $3! With the exception of two instances. increases it all revenues were made jduring the year just ended over the same period in me or!$2389.55 occurred -in company’s rev- United | enue from operation other than trans- {portation. and a decrease of > When the taxes are paid for what |99 for operating ®xpenses (58.35 per is known as local improvements: that | cent of gross revenue). is. for repuyment to a taxing body in connection with improvements which Gity of ftio de Janeiro ¥ 1046. French Government 8s 1945. ‘French Guverument Tian 194i. overnment of Switze,jand Sx Hepublic_of Chile 8+ 1048, United Kiogdom 5igs 1922 Armour & Co. 4158 198, Atchison, Topeka and 8. F. ‘gen. in 1095, 81 Atlaut ¢ Coust Line 7x 1830, 1 Atlant e Reflning Co. 61xn 1951 Powder Co. Tigs 1938.. | Raitimore aud Ohio conv. 4lax 1933. Ralthnore and Obio 6x 1929%. Haltimore & Ohio §. W. Rrovkiyn Edlson Pac'fic general 4s. York Cen‘ral 7a. 1630 New York Central deb. 6s, 1 Norfolk ard Wes ern | Nor'hera _ Pacifie 4. i Packnr! Mot | Pennexivanta Gs, 1068 o= wn Pead’ug general 4s 1987 % Tov's Ran Fran St Louix ai Sonhoand 4'r hoard Afr Line rofdg 4<, 10 aaboa-d Alr Line adf e 1040 Pacific 1at raf. 4x, 1065 ) eFcrRITIFN ¢ Redmond & (%.) U. 8. TREASURY CERTIF| Rate—Maturity Bid. Asked. s Febrmr 19: Mareh 1 jiur o 158 June | 3% June Sage Auguet 1, l | COTTON WARKETS. | XEW YORK. Jannary 12.—The cot tions_of a {*on market showed indle iGrmer techniesl posi was scattering: liauidation on an vening advance of £ to 13 points. but he xelling was much less active than up to 17.98 and May to -1 after the call, or about 13 to {net higher. Private cables attributed the steadier showing of covering and trade buying. The ad private advices stating that the Go: ernor of Texas had created non-cotton 7ones in parts of Grayson. Collin and} o4 Kingdom 5's of 1937 reached s5lJamiiTe- for. the first time this scason, and | jones Vea. . the 3l:s of 1929 also made a fresh | Kansas City Sou top. French §s sold at 101, th | aatisas & wuit Co. 101, then mn“‘.“y_sw::':.% H -4 92 cash at 102 and a rally on regular | Kontenir s ot o dealings to 100%. This activity in | Keystone Tire. | nrctwe 3 l‘cnwlflnls‘&'l 5% Lehigh Valley. Ellis counties, owing to the pink boll worm. Futures opened 18.00: March, 17.9 .37 LIVERPOOL. January 12.—Cotton. spot. in fair demand, prices casy, good {middling. 11.46: fully middiing, 11.0 middling. 10.71: low middling, geod ordinary, 8.01: ordinary Sales. American. cluding 500 American Futures closed st : January. 10.68; March, 10.61: May. 10.51; July, 10.35: September, 10.06; October, 9.88; Décember. 9.70. e e e January. July, !signed that position last year to be- come president of the institution. Park Sa g8 Elect k_Savings Bank the follow- for {ing dircctors were elected: Frank I. have been!altemus, Wade H. Atkinson. Frank iW. Boigiane, L. E. Breuninger. Cox. H. F. Dismer, J. O. Gheen. E. T. Good- man, L. W. Groomes, Charles E. Gross, Sellag checka=-duUar vaives st uoon today. | }ireifi::;:fls (.‘h’n-ln.l‘:!e‘.hlnk will open|c. F. Jenkins, A. F. Jorss. Frank Kid- Associated with praposition will be Joseph { Iy, attorney at law; Max Simons, mer- i chant: J. Raymond Pyles. merchant, !and Charles E. Gladman. attorney. ali of whom will doubtless of the directorate. |('harles S. Bundy, Joserh W. | well, W. H. Klopfer. A. C. Lampe, B. Leonard. N. Mountford, Murra! C..C. Wineberger. : The directors organized immediate- i1y and elected the rollowing officers: {Thomas Somerville, president: F.-W. cashier; B. McNeil, assistant cashier: Joseph W A. Prevost, counsel. Exchange Bank Election. At the annual meeting of stockhold- ers of the Exchange Bank yesterday the following directors were chosen: M. E. Buckley, H. M. Dixon, J. E. Donovan, John P. Doyle. M. E. Fin- ley. John P. Flynn, Frank E. Ghisellj, amuel W. Henry. H. H. Hevenor. P. Niland, W. K. Reeve, A. M. Rizik, John F. Schriner and E. W. Whiteside. 7 Immediately after the directors cted H. H. Hevenor. president; W. -?(I.‘Reeve and P. T. Niland, vice presi- ‘dents: Willlam R. Nagel. cashier; Ernest Gerstenberg, assistant caghier, and Col. C. C. Tucker, counsel. Dividend Declared. .At the regular meeting of the board ‘of directors of ‘the Washington Loan and Trust Company held yesterday the regular dividend of $2.50 per -har; n an extra dividend of $2.50 per share payable at the same time, making a aistribution, February 1, of 5 per ceut. Books were closed from January 34 to 31; both dates inclusive, for trans- was declared payable February 1 fer of stock. iy Consolldated ¥4 Eik Baxa Farreil Conl 1BA . Federal 0i o Penuok VIl i ey 104% 1 Kang | Sweets Co of Am SWift Luceriationn i opaii Extensioa. Y C £ i & \ A Al Wrght Aero. 1S andant Siaudard S andard n today. There| | eariler in the week. and prices soon | turned firmer on the better tone of Liverpool and covering. March sold| 9 soon ! points i Livernool to 00 "bales, including 4,000 Receipts, 1,000 bales, in-| At the annual’ shareholders' meating 1an Cox, attorney, and George JRB MARKETS. 2 Carb. AFuralshe . B. & Co.b ‘uraished Ly W. B, Bibbs & C o 3 12 13% tural o4 R lantis Lobe o 8" ig Ledge. = fid 4 13 5 r Light and k3 ties Bérvice (new), 17t on Serview (old) 164 ties Bervice prd 52 ommonwealth "Fliane 3 ontinental Motore . United Kiigdom 3% 1925 1008 Cre. United Ringdom Sias 1937, - I LvieDany oo American Agrl. Chom. 1015 Dominion 011 ) v American Tel. and Tel 110 Durant Motors. 251 (3 ‘ensiand 01" Nafoty Razor. il Burlington (N. P. 121 Canadlan . o % Canadian Nof. T e ‘ 5 Centeai Pacific 4a 1940 { Jorome Vende «ororn (e S Chesapeake and Ohio conv, 47 | Kuy County ¢ L] sapeake aud Ohlo cony. Lake Torpedd ' Chl., ML and Bt. Paul re 5 Leacoln Motors, [+ Mil_.and 8. Paul conv. 41gs 1952 Lave Biar Gus. ES cago Northwestern 8la6 1086, dougma (e By R. Taland and Pac. refdg. ix 1933, Muron Val Tom | ‘cago Union Station Aias 1063. Peirie 0. 8ty | t 3 3 t Oil phd ] 7 108% | Miawest Hefinug. " Erie general Fen 4 A1 ' Meun r 1 General Hieetric. o 1040 181 ) Nevnca Mg T a* l Good, Tire and Rubber 3 18 e yew) rigvers aud Liefiners. Creek Pro Creek (new Weut i d CiICAGY 10ur Lt Ceatler ptd. 1y " Asken werican 0il Co. (new) i | ork “T'ranspoi tath Crheci Ve Line Corr exicun’ Fiol Oi und Gax Co.. Wasiingivy RALSINFAVR [N BOND TRADIN ‘Rapid Rise in, Federal Loans Is Partially Checkea Today. BY STUART P. WE: 1 Dispateh to The Star. W YORK. January 12. — The rapid rise of United States govern- ment loans. which had featured the activity in the bond market the first three days of the week, was partial- Iy checked today. The victory 3% and 4%y, however,. continued their ad- vance to a new high level. with lass pronounced gains in other members of the group. Railway bonds were again the most favored, while some of the foreign | government issues went higher. Unit- off to 99%, followed by a sale for British and French bonds was ac companied by a new high figure of | 813" for Dominican Republic 5s and | general firmness In the other foreign | wiua LOCLWOUY { Loews inc obligations. No Lessening of Demand. There was no lesséning of the de- mand for the standard rails and they rose in the majority of cases u half point or more. "Union Pacific first 4s, Northern Pacific prior 4s~Grand Trunk 6s. Atchison general 4s and Chicago, “Tndianapolis and Louisville rajlway all got to new high levels, with "gains. 100, in Louisville and Nashville Vir- ginia Railwi ticularly Traction bonds were irreg ulur. lnterborough was a fexture at A number of the more active in- dustrial issues showed special stréngth. Among them were Sin- clair Oll 7%s, at a new high around 100%:; United States Realty and hn- P OJ Nee, H. A. Polkinhorn, Georgé |provement s, at 94; ‘Chile Copper 68, A. Prevost, A. T. Ramsay, Thomas Somerville, Robert S. Stunz, H. H. Swan., W. B. Todd, M. E. Twogood, W. M. Wailes. William D. West and up nearly a point: Bush Terminal &s, rising over & point; Bush Terminal Building 3. up a point to their best quotation, and American Telephone d Telegraph 5s, advancing 1% to 94 Equipment Trust Sales. The government has announced ad- ditional sales of equipment trust cer- tificates which it has held. The sales are ag follows: To Salomon Brothers and Hutzler and Kidder, Peabody & Co., Atlantic Coast .Line, 1925-1928 inclusive, $1,701,200; to Cassett & Co. Monongahela Railroad Company to Freeman & Co., Cq 19231933 inclusive. $810:000, 1oo rerni aggregating $6,768,400. The tota! amount of equipment trust cértificates sold or paid to lhel government to date at par, - Er0da inerest. is. $iatagraon " 2 The M{ssouri Public Service Com- mission has suthorized the St. Louis and San Francisco Railroad Company to issue $3,000000 in 6 per ceat nctes, due March 30, 1930. The notes are to be fssued to reimburse thé road’s treasury for iImprovements and acquisition of. additional property. — BAR SILVER QUOTATIONS. bar silver, 65%; Mexican dollars, 50. LONDON, January 12.—Bar silver, 35% pence per ounce; money, 31 per cent. * Discount rates—Short bills, 3% per cent; three-month bills, 8% per cent. _ ¥ Ajax Rupber, . Punta Alegre. Allled Chemical... B1% Allis Chalmers. 3% Allis Chalmers pr. 8 Am Agr Chem. Am Agt Chem pt. Am Bank Note. Am Bank Note pf. Am Beet Su Railway 8tl Spr. l;-m:jl(lréu. . ay Con Copper-. ... 61% | Reading. Lo Reading 18t pf. . Reading 2d pf. Remington Typr. 35 | Replogle Steel. ... 84% | Rép Iron & Steel. Rep Motor Truck. Royal Dutch 4% ; St Joseph Lead StL&'San¥ran... St Louls Southwn. 39% | St Louis Sown pf. . 9% | Saxon Motors $ears Rocbucl Seneca Copper. . Shattuck-Arizon: j 8hiell Trad & Tra Sinclair Oil. ... Routhern Pacific. Southern Raflway. Southern Ry pf, Stand Ol of Cal Stand Ollof NJ. Stund Ol N J pr. Steel & Tube pt g:nw;;t-“’-rner romberg Carb. . 0% Stud b-k{ > Superior Ol Tenn Copper. Texas Company. | Texas Guif Sulphur Texas & Facific. .. Texas & PC & OIl. i Third Avenue Tobacco Prod Trans Contl O] o ! "l_'wln City R Tr: ‘pion Ba ) 9% | Cnion OI1° .| 2T i xL'n:tm Pacifi «6% | Union Tank Car pf 10 United Cigar St pt. ;:;“ United Drug. United Fruit. United Ry Inv.. ., Cnited Ry Inv pf.. United Retail Strs USCastIrPpt U S Food Prod. U S Indus Alcohol. Am La France i Am Locomotivi 1Am Loco pt.. Am 8hip & Com... Am Smelting. Am Steel Fdy i Am Sugar pf.. Am Tel & Teleg. Am Tobacco. ... Am Tobacco (B) Am Tobacco pf (n) 9% | Am Woolen. .. Am Zinc & Lead... 13% Am Zinc& L pf.. 8% telle: Mr. Amick, auditor.” They will con- tinue their present duties in conjunc- tion with those of their new offices. | A%s0 Dry Goods. . . Ass0 Dry G 18t pr. ! tic Cat Line.. 84 { Atlantic Guif. ... Atlantic Petroieun 22 { Baldwin Loco. ... | Baldwin Loco pf 6% | Baltv & Ohio. 16 & Ohio pr. Barnesaall (B) 2| By Heth Steei (B | Booth Fisheries British Empire St Brit Em Stl 1st pf. Brit Em St 2d pt.. 2 Burns Bros Bwi.. %% Bush Term pf. 8 Putte Conver. .- 217 | Butte & Superior.. 2% 29% s.isel] | Riggs Bank, i {when it is predicted that Mr. Ailes be the new dents, with Mr. Hoskinson acting as cashier. U S Rubber. . U S Rubber 15t pf. U SSmelt Ref pf. 1 U S Steel pf. Utah Copper . Utah Securiticy Vanadium Corp. Van Raalte 1st pf. Va-Car Chem pf. . % {Caddo Oil. i California Pekx. 169 | Canadian Pucific. 1% | Central Leath i entral Leath 1 | Carson Hill Cold. { Chandier Motor. 1 “hes & Ohio. elected vest [ ChiGreat W pt... 123 | Thi ML & SUF. Chi Mi! & 8t P of . i Chi & Northwn | Coi R1& Pacific ChiR] & P é6%pf. Chik1&Pi%pf. “hile Copper. . i :hino Copper 1CC & 8t Louls. CCChStLL % | Coca-toin. .- Wahashpf A, Wabash pf B. W tern Pacific. 1% | Western Union i Westhse E & M {Wheeling & LE. Wheeling & L E pf White Motor. - 3% | Wickwire Spencer 39 | Wilson Compuny Willys-Overland | Woolworth. ... 4, Worthington (B). I Graphophone. ol Graph pf. “omp Tabulator Cous Gar of N Y ... 3 Inti Cul Min Cont Insurance. UL LU ‘onden & Lo rucibie Steei. .. Cuvan-Am Suwai Uva Cale dugar. Call Mouey. . _—_— ' Washington Stack EXChAnge |i'siws weu'r. tudior Johus Ao Play {irial Aleonoi wid fasy | aviason Chem | Deere & Co. { Vel & Hudsun. her Luck & Watn.. 14 Dume dines..... { Budicot-gonnson endicod-Joun pi Me:ropoltan R 2,000 ni 831, dicate rie pfl.—1 at : States wi umous Fiayers. ainous Play s pl. % ed Mines & dii. - ‘eu siiues & D 1. . <isher Body ot O DI Tk Fisuer Body . did zlso iCanadian Pacitio wen Asphall | jen Cigar.. *{ fore noon, r - persistent el Mot 6% deb. en Mot 7% deb... &4 iGilliland Ofl pf.... & { wwuurich pi.. ; sray & Davis | yreat Northern pi. { sreat Norure..... & Power and fef. T, .1 10020 made new high « i money opened ut 3. per cent . Kaito. and_An. ‘Ashington Gas b 5 nington Rws. and i Wash. Rr. & Elec. MISCELLANLU iggs Rtealty S (long). | Guantanawo bug .. ! uit States Steei. . Haskel & Barker.. 0% ! dendee MIg...... { touston Ui Hupp Moturs. .. illinois Central. { tudis 0o indian Refining {intimations that 1 fwhen it came u annual rey | Wash:ogton ) sk hington Mark Al Coid 8 orage 3 Dipreliminary elev PURLIC_UTILITIES. American Tel. Interboro Metro. .. asi'ngton Gas Int) Mer Marine... 14 i Intl Mer Murine pf ! lntl Truck 1st pf.. i fntl Nickel pI. { inu Nicke! ithe close of November, iprofit and lo {more than at the close of 19 _ynearly $5.000,000 more than it had at {intl Paper (8ta)... 68 (uvincible Oil. ... 1% pating in the conference cluded Arthur J. Balfour ish delegation. Senator TRUST COMPANY. curity and Trust. The plans of the company for 1 Union Savings Manat! Sugar. Manhettau Kle | Market St prior. FIRB INSUBANCE. Martin-Parry..... % Mathison Alkill... 22 Muy Dept Stores. . 103% TITLE INSURANCE. Columbia_Title Real Esiate Thiie MISCELLANEOUS. Columbia Graphophone com. Mexi { Mexican Pete pf. Mlmini COPper. | Middle States Oil.. 12 { Midvale Steel..... 29 {Minn &StL (@)... | MinnSLP & SSM. 64 MOK&TWI....00 MoK&TPLWi... 5% Pacifio Dt ::m‘omory Ward 13 Montana POWar, *| stock in its 1 v 53 and Reading 4s par- k3 Merchants' Transfer an Mergenthalet Linotspe 0ld Duteh Market com. 0id_Duteh Market i Taoston Monotspe !| Washington Market 2 #§the vear. and at the cluse o H {to capacity. The com = —————— PROFITEERING IS REFUTED | Keynote of Addresses at Convention of Commission Men PITTSBURGH., January 12.—State- ments to refute alleked charges of in the wholesale and vegetable business were duced in several addresses at the ses- {Sions of the convention of the Commission here. The charge that mi management and waste were the key- note of the wholesalers: distribution, said to_have been made on the floor of the United States Sen- was denjed by R. Secretary of the International Apple Shippers’ Association. Mr: Phillips to deny the charge was collected by the League of National it was said,| and will be presented to the joint founcll on agricultural Inquiry at Natl Epamel | Nat1 Lead pf. Efiiflifi . 1084 1081 108K Ty 3% Norfolk & Wt p! orfolk & Wstrn.. orth America. orth American pf. profiteering League of A v Nova Scotia Stéel. % Okishoma Prod. heum Circuit Otis Elevator. Owens Bottle Pacific O Py 4 -1933 inclusive, $263,200: 1o Kuhn, Loeb & Co. Pennsylvania Railroad Company, 1923, $3.894,000: Data used by Pan-Am Pete(B): ©ommission Merchants, muel Fraser. research specialist, the year of 1 the wholesaler of fruits and vegetables and the wholesale grocer operated at a loss, according to data obtained by the Harvard School ofj Business Research. —_— Throwing cocoanuts over logs which are to be used -in constructing bouts nakes the boats stronger and switter, Socerding #0 @ superstition among thi Y natives of New-Guinea. - s Pere Marquette. Pere Mrq Driar bf. pere Mary pf. | Phila Company. ... Phillips Petroleum Pierce-Arrow. NEW YORK, January 12.—Foreign ; Plerce Oil.. Pierce Oil pt. Pitts kW‘ ;" i Producers s’.rv_n"ll <% that - dufing FINANCIAL - NEW-YORK STOCK EXCHANGE = lloulvod by Private Wire Direct to The Star Office. High. Low. Close, IRIGGS BANK ADDS 10 OFFICIAL LIST New Officers Necessitatec i;.; ; by Growth, Says President Ailes, Re-Elected. ‘The official family of the Riggs Na- tional Bank was augmented today al the first mee of diréctors, when two new vice presidents, three assistant cashiers and one assistant trust officer were added to the list of officers. g of the new board Avon M. Nevius and George O. Vass, former ussistant cashiers, were made vice presidents, and Hilleary G, Hoskinson, Frank i . Burrough and Larle M. Amick were installed as as- sistant cashiers. George M. MeKoo i the newly appointed assistant trust officer. Mr. Hoskinxon iz the bank's note : Mr. Burrough, chief clérk. and Officers Re-Elected. Officers re-elected at today's meet- chairman of the : William J. Flather, u Evans, and Robert V. \ing, vice presidents: Charles rroll Glover, jr. vice president and ant trust ‘officer. and Frank J. ing were: Milton E. Ailex, president: Charles C. Hogan. generul counselor and trusi officer. The new offices were necessitated by heé bank’s growth, according to Mr. who pointed out that the insti- on now employed 132 people, in- : its officers. amilton Savings Bank, control been secured by the ill organize tomorrow ha wTil become its president. It is fur- ther for d that Messrs. Evans and Ch arroll Glover. jr.. will branch bank's vice pre: Hamilton Bank Directors. The directors of the Hamilton Bank day are ax foilows: Mil- oshus Bvans, arles r.. Robert V. Fleming irorge 0. Vass & H. Thompkins, n . Alle: Dwight Clark. Charl Will'am H. Donovan, Arthur Carr. nries T. Clagett, John Oliver La “hester H. Warrington, Pierce imer. John D. Rhodes. Bertrand | Roberts. John H. Jeffries and Her- bert L. Davis. STOCKS IRREGULAR, BUT TONE IS FIRM W YORK. January 12--Buying I shares impurted a firm tone to t the opening of toduy’s ses- cading, Delaware and Hud- awar.. Lackawanna and Lehigh Valley we ions to 2 points nd r by lurge < made 1 point gains erred. Tudus- % Copl Mexican Pa Asnhait and B stered a. dealings in th nd Tist in fucther activity in Unit d also strengibe Low-priced 1: 1s thern, Per nvestne et Uantie renzin In Nhow The market reversed its course b tons leing caused ng of Crucible. General Asphalt and Mexican Pe.roleum Liberty bonds were lower. but V- tory 23gs at 100.1K. and the 4% prdx. Cail Interna The street k. nal Paper Lows, for some time had ional Paper inz out the rUwonld cut to the hone in o its inventors aceonnt. Still so arge a loss as 1000 xhown i @ mih siatement n fe wre i better . vecause such an weesmulation of undivided profits from past years. Fven with thi heuvy writeoff Internationsl Paper 1 surplus’ of the end of 1 There was no immediate comment de for publication by (hose partic who i f the Brit hauzer of Baron Kato of the m the Italian grou Jzpanese and M. Sarraut of the | French. For New High Record. With a new high record | it Studebaker is going to (ry for evey higher marks thix year. It is estimut- «d that the compa wx b ness of somethin and sold more th for a production of nearer $0.600 cars. It is understoud that Studebaker has booked definitely orders for 25000 ars for the first quarter of this year. which would be a new record and about Gouble the proeduction of the last quarter in 1921. Reports from Boston are 1o the ef- fect that the American Woolen Com- pany will show ecarnings well over the $7 dividend rate on the common 1 uperations. The actual sults will not be lknown for several wecks yet. or un- {ul the taking »f inventory Is com- pleted. The company was uble (o stabilize its values at the start of he vear mills were reported runuing Close oy s snid to be in strong financial position with bank bo-rosvings very low and with plenty of cash vn hand to meet any requirements. Little to influence. * There was very little to influence i the grovement of prices one wuy or the ‘other. Again. us hus been’ th case right along, much more v was taken in inside rather tuun outside conditions. and. the eilen tions of the active trading elemen were malnly based upon the xize « the remaining short interest a: whother or not there had lwen enough of a reaction on the previos days to weaken the market position. Outside of the stock exchange there were two or three incidents that were worthy of note. One was a new high record for the victory 4%s. A second was the disclosuré iIn the ‘Bank of Germany statement that ‘at least a temporary halt had beep called upon output of paper note 1 . The de- crease of 500.000,000 marks on the week was trifiing by comparison with the recent increase of 8,000.000.000 10 4.500,000.000. Still it was the first time in nearly two months that there has been any letup at all. 1t is rather remarkable that since the assembling of the conference a ('annes. German marks have fal frem around .60 to around .65, while both sterling aund franes have been rising so that today they were almost Lack to the highest of a month ago. It was more thun ever evident that light of the annual figures that af cxplanation for tire récovery ng of more than & dollar in the peund from the extreme low of 1920, and i0 cents from the bottom of last summer—lien -in Great Britain's for- siga trude cunnges. v