Evening Star Newspaper, January 21, 1922, Page 17

) "FINANCIAL. 17 Established 1899 MONEY TO LOAN Jn Sums of $20 to $300,000 1st TRUST BIRD&CO. / 6§ Defore Tlacisg or Renewing LOANS i 2 t e 2 it y : Open. High, Low. Close. v Open. High. Low: Close. (Foenighed by Tiedmond & Co.) (Furnished by OKERS X ous 1S ok Aol ixem E Adama Express. 5%, 53% 6% 6% ;:M;nco. % 2% n2 12 12:30 p.m. BR! R Up to l.ur Reduction." .. 51 st Bl nta Alegre.i... 37 7% (36 36%U. 5. Liberty 8%s. <3090 | Aetna Explosives.... Ons t g Anx Ruber. 1% 1| Pureoil. as% s 3 86K |1 G pbery ot 29082 | Ankhens Natarai Gs . t oN) ¢ (HARRY 5) Allled Chemical. % B | ax oy Ooupers- U e M TR e Ty 112 97,00 | Atlantic” Lobos, 27 Loan Specialist | Allfs Chalmera. % ni. % W% % 1! 8 Liberty 30| Hig' Ledge i Qs r o Allix Chalmern pr. :-« s1ls 91% | Reading Istpf.... «1% 41% 41% 4% |U. K Liberty 97.80 - 821 15th St. th and N. Y. Ave. Main 4346 ) o Si S President H i | Am Agr Chem. o 32 32% | Reading 2d pf. ol 5 6 R 6 (R Uiy 0,18 Main 3160—3087 2k Roplies 0 days Presigen @M "IN Am Beet Sugar. 76 % |RemingionTypr.. 284 29% 2% 2% Viet .16 Caledont 1 Made at current interest rates. e . Ro | U s No Lot Too Lar e s - Am Rosch L= 8% 7% | Replogle Steel.... 33 34 31 Bid. 5 i Calumet o 00 ge | Reasonable brokerage. i i ibi y 8l 8% | Rep Tron & Steel.. 65%: 56% MY 6% - -Discussing Anrual Exhibit |Am Brekesbos... & 3 3 |RepTron& StIpf.. sivs- 7% 6% 87% OTHER BONDS. No Lot Too Small | f C Am Cottan OW. ... 2W% 21 % | RovalDutch...... 8% 8% B - Bl |Gy of dto G taiein 5 4 (new) Direct Private Wire to 1 - Thompson 2 - Am Cott oS 43 | St Lovis Southwn. 21% 2'% 21% 21% o t 7% . _85%.| Cities Service (old) . 2 — — of Company AmEotranOIlof.. 8 8/ 8 1 isi LoninBown pr.. st oty s sit | LnchpCopersment Te Mol it Servien G Ogden D. Budd & Co. Incorpornted— The financial condition of the Wash- | Am Hide & Lea pf. 65 624 6% &% SantaCeclllaSug. 2 M2 2 | Kidom,of Helglom T 1045 : Commenwenltly Findice. (EXtablished 1885) 821 15+h St. © Main 1477 $i3t6h Railway and Electric Com-: tm Tna, Lot 8% :: # g“h”"“;‘:‘lf:” :-‘2 :J ::: United Klugdom 5t 1922, 100 3-16 | Continental Motors 5 pany and its subsidiaries showed sub- | Am Tee pf. 5 T Seal in United Kingdom 8 - 100 | Cresson " told Full Service & A Intar 1o e 40'e aboard A L pf 5% 6% 6% | United Kingdom 5! 1987, 987 | Davis-Daly. stantial improvement during 1921, uc- | {m International, 408 €. “g; ai i Searn Rocbuck. €% 63 63 | Americau Agrl. Chem. Tias 1041000 101% § Dominlon Ol ACCOUNTS CARRIED ON MARGIN. Conservative Money cording to the report of Willlam F.{ oo France. ... B8 /" qjiq 2114 | Seneca Copper. naty e astg [American] el fand el couny @y AN PursntiMoters e — e Valuations !ln Anv Sum Ham, president, submitted to the an-| Ao Foromotive. .. 108% 106% 105% 10:“’ 25‘:'}:‘".:';‘1!"!0 & 2zp P n, | Our connections locally and nual meeting of =lockhol;l|:rs ‘tnd Am Shin & Com )y 4 | Sloss-Shemeld e et ose | Aniansle in other cltice cnable us to fur- The company’s figures for the batar e bl SO Va i N 3 Atlas Powder € = nish money in any amount for lub;ecl mv rv:(s!uu upon final audit | :"-:;vw:“u- of :»:!?z-:l:::.a:":nn::.‘f :?’v. :f’.fl :f&a :‘;flei | }’Z"{'.‘"';‘“" Real Lstate En- of the acconts, were given by Mr., (™ Steel ¥d uuqiimm-m Rallway. 17% W& 17 1% GWVER & FLATHER | ;'pl - & Fairf: ! S0 7 ! : Ham as follows: L iAmSuearnt ol RSB ICHER e L| 737 FIFTEENTH STREET .| . ~tone el AL Gross earnings fram operations, $3,- | Am Sumatra 117 | Stand Ol of N J St ST CAWES o = 450,625,615 Deous INCutne, -1 g may 8 majeg i 8 7 S = == = | cluding dividens from the Polomac |\ scng. - L e O el tonal Tetroleum (new) Without ||ji Electric Power Company. B8 L2 mahanon (R ok strombers cont 4 ! Verde. 5 i THR' FT Gross income, $6,110,135.17. |ty 1 om et sl e ® Carb. . % 40% 5 L l Operating expense, including depre- [ 4m W e gupf.. o 2 L Luil Studehaker. 8% 8 a Loss. ciation, taxes and miscellancous; \m Wanlen. . 3 w 25 2w |Submarine Boat.. 4 4 H . o1y Has a Greater charges, $1.382 interest on| \m Writine Penf. 25 3 | Somerior Oil 6 Lone Star Gas. . i Co-Operative Bmldmg & funded ~and’ un debt, § Am Zine € Load. i 4o | Surerior Steel || 0% 31 Maraeain il Cur Pohcy i Al Value to Those 960.58; pavment of & per ceit, divi-| t-aranda. . e %l Tenn Copper. % 9% : Maxon Valley. i Association ii Who Invest in gn:d] 0;5 _Egzlf'r;f;l stock, $425,000. | demn Nrv Goods. % | Texas Comoany 6 6 - 10735 | Mereit 01l . 71 1 ly high-grade || Urganized 1579 otal, $5.580,897.63. - Veahiann . ! Te: o | b Midwest 011 co o sell only rhi-grade > MRS T Balance for 1921, R i | Texan Qulf Sulphur | o Lot Midwest o an: & yiEnE Ry e e FIRST TRUST NOTES Deducting this from gross income ' \tlantic Cat Tine Loty | Texan & PC & Ol Al Eimmicle o040, A wea: Befiniig First Mortgages that |y~ o 3436510673 . P . " untain Produees { Aswels . 5.:208.7 H " v o T Mm“.umn’nr:dmlfmf ot 3::‘.'99. ot e »:v. ;": oat 20% | Third Avenue :""" Doy we have carefully investi-+ |i|| Suorplos . si,1iL83298 | _Not only EIE SOUE e v LS il 3 [ ArImass Fosb 2 1;::":"(;’ Pred. 3 SRR ¥ i ings maintained in abso- “Discussing this showing. Mr. Ham! Anpetin Wanate, 2 l,.p,:" B:‘: 0",“"; Sorth Amercan ¥ gated and in which we have il Join the Equitable and lute safety, but you are re 7 9 o i e g Northwestein 0]l H H . . AR = c tolgithe ‘l',“';“,“(fl,':.’;‘;f"g ctatement it § AN Nis '_:s pt: .-|,'[:V.n:nn o ey i o put our own funds beforg 1 Save Systematically ! | lieved of all details of man- ! AL T R SRS nion T : anivilie and - . will, be seen that the company hasyS7Amntome- - et on T:f",?f Pes ! Misouri. Kan | erfeeton T offering them to investors. |!fl tuless you adopt a systematie metnod agement. And at the same raade material Progress as comp; Ral . AT DE 1084 . 614 | Producers and K of saviugy it will prove diflienlt to e : : : With recent years. With the excep- | Ralta & Ohin ited Alloy Steel. 25 L g - ey s e omplish g ot vemite are ob-3 . time a maximum return 1s tion of dividends i:-":"_-'-'h"" ited Drug 7 90% ! Ky T'o welcome inquiries for tained in joininz the Bquitable. N ttved Eleetrio Po anth Fishert~e. . United Fruit. 128 ' A ®Vl-lyn Rapid Ten i OIqlvn.Pan Tr et | Burns Bros A. Putte Conner. Tntte & Superior Rntterick 3 . Falifarnia Peke. . { Calitarnia Pet nf.. | Fanadicr Pastfa, Carsep Hill 2old.. § Cantral Toather. : Carra de.Pasro. At T Matar 1 Ohi & Fstn T | chi & Estn 1 pfd. hi M &G T hiah ¢t Pof ~hi & Varthwn it R T & Pacifie hiRT& D el ~RIRT&PI%0f. ~hile Canver. Chino Canper Coca-Cola Colo Fuel.. CalGas. ... ~a) Graphontone. ~ql Granh ©f. ~amn Tabulater. ane Naenf NV, ~ane Intl Ca1M was received b way and Ele investments in \stock of i companies. It is, however, gratifyir that the subsidiary railway companies | show an operating profit to the par- ent company twithout any allowance for return upon invesiment) of $3! 405.30, as compared with an operat- ing loss of §$199.798.26 in 1919. Cut I Fare Factor. “During the first eight months of the vearSiha Fate of fare within the District of Columbia was 8 certs cash or tickets at the rate of four for 30 cents, during_which period the aver- age fare was 7.53 Cents per Day passen r. By order of the Public Utilitie: mimission of the District of Colum- bia, effective September 1. 1921, rate of fare reduced to '8 cents cash or tickets at the rate of five for cents. such rate to continue in force until March 1. 1922 This re- duced the average fare during the last four months of the year to 7.06 cents per pay passenger. Manifestly the earnings for the year would have been materially less if the pres- ent rate of fare had been ‘in effect during the entire year. e ing the vear the Washington Railway and; Electric Company’s sys. tem earried 111,111,052 passengers, of Subneriptions for the 82d Issue of Stock i Being Received Shares, $2.5) Per Menth 4 Per Cent Interest i EQUITABLE BUILDING | 915 F St. N.W. i N, Presidens information regarding our investments and our meth- ods of rendering a complete investment service. "nited Retail Strs 55% %| US Cast Ir Pipe % lUSCast1r P pr. og% i 8 Food Prod. . U S Indus Alcohol. g: gfnlly. .. ubber. : SRubber 15t pf. USSmElt & Ref. .. U7 8 Steel. . | U S Steel pf. Utah Copper. CUtah Securiti« nadium Corp. ar Chein. j Savulpa con - i Skelly 01l Yield 7% Yield Small Ir Denominations May we serve you? 'B. F. SAUL CO. Mortgage Loans 1412 Eye St. NW. Man 2100 SHANNON & LUCHS | e ok, Seey || | 713 14th St % FIRST 7 % e The Safest Security on Earth Phillips’ First Mortgages are all for less than % of the ready market value of the property. They offer you— 1. Absolute Safety. it and T bt and 1oat i ptd . porution. Steumsbiy. { Wahashpra..... Wells-Fargo Exp. Western Md. .. | Westhme 15 & M. .. | Wheeling & LE. White Motor. White Oil........ Wickwire Spencer jon Company. . vs-Overland J1va-Ovid pf. { Woolworth. Worthingiol Cudaliy o Wi Wi MEMBERS: vl 25.629.396 were carried on trans- . - . m.ctile. hle < l< )‘ch i & - 5 I e hamber of Pay Dassengers mm:(m:t‘ HOURLY SALES OF STOCKS. wYork Stock ange 2. Reliable Security. carried. as compared with 1920, de- | TOMMRTL L Hlam..... 26950 izm ~ 629 200 11 Broadway. New York | 3. Liberal Income. creased 2.301,028, equal to 2.62 per cent. | 0T FrOCAlT - i 111 Broadway. or] §\w 3. Iaincance Against Loss When considering the curtallment in | Z0SASE B 00 w |2 4 & ¥ . In 1 gair e the mumber of Bove o O easion, | Crucible Steel Bf.. Stock Exchange. | aietia-bgaal N 5. Protecticn Against Depreciation. and the genera siness 2 s Sugar AT ! reflects the stability of Washington a: a community. Improvement During Year. “The improvement shown during.the uba Cave Sunf. Navidson Chem. Del & Hudson. 7. Repayment of Principal in full at Maturity. Choice First Mortgage Investments Washington Office Del Lack & Wstn. . Traice 01 a yaas Wil due primariy to the bieae; | o e CORORADO DULDING $100 $250 $500 $1000 w \ 104 - iing 2 The vear. e:;:'afl,’g gg::li;epg:lsm ot ‘5‘“5“".‘;3 birieons ants' Fank—10 at 14 (H 3. Heinz s e 1 i Vrite for Booklet “S"—IT'S FREE materially increased efficiency and op- | Endicott-Jo! s Washingion Kaiiway and Electric 4s—$1.0m | Hocking ¥ D o o1} Tel ephone Main 1603 . erating economies. There is a notice- a oy 1000t G2, 1 | e 0 s vl : ble increase in the %efMidiency of em- p it 2 o 000 5t 0%, | Doeter 1o andard Oif ¢ H Dloyes in each and every department. e G5 BONDS. aEe0 | et & > 1ony andard Ol C ] {) & This is well {llustrated by the reduced E'm“: ;::;:, e il asi ACkERi e IR 3 Resnolds 6s 10l ed 01 Co G.B Chipman ‘ ver in labor, as evidenced by the 'amon: 5 id an Tices. j Soare, e E bl e o 1D a 0 number of new trainmep employed. | Fisk Rubber- PUBLIC CTILITY. e e S L o Mamger Scfe Investments ; During 1921 only 285 new trainmen | yreeport Texas... Amertens Tol, and Telgar 4n.... T A58 | S, Uity 100 : Swan & Finel 1409 New York Ave. Main 98 | were put into the service, compared | Gen Asphalt. American Tel. and Telga. 47 oy | Southwestern Ttell 7a 1923 10285 i Us k ' with 667 in 1920, and 1.270 in 1919, 3en Cigar. A To ad Telee B 1015 ¢ e G i = “The expenditures and allo!lvnl\ce;:v:en Electric. i | A 'r::. and Tp.kvnnv. ;r':‘f"_ & ¢ 1023 i for maintenance and depreciation of ! Ticostla ‘ang Potomac Texas Co Sy = track and roadway have again reach | gen Motors b i 0 Potomsae puars 3s. DENIES FEDERAL CHARGE. P < ed la;:;: pr;){;g;:ig?_s.lshc total for e;,:". Mot 6% :fl‘;- FHR; Tel. of Va. Ba. & NEW YORK. January 20.—Tho . . u year ng $1,081,615.13. Gen Mot 7% deb. = | Capital Traction R. K. 3s. - = S 7 ol =f=—Thoi i 5 3 3 | & Babiieban J. Maloney, président of the P. Lorils | S IS oria P. E. P. Co. Growth. | 3o0drich hay.and s : —Ciose ——— X v, o e “There has been no interruption to | Granby Consol. ?2}:(‘""""“ S 5 SRR ‘::\!fn; e b con et A 2 the rapid growth of the businest of {iray & Davis:. o e ettic “Lighi SR e, |the Eederal Teade Commission”in '3 courkot The NATIONAL MORTGAGE AND INVESTMENT CORPORA- pany. | Its cusiomers have increased | Great Nor Ore. ... A T okie 1002 had conspired to depress prices of leaf | TION, of which Mr. H. Rozier Dulany is president, has been in e i e Boanig Greefie- CRAIALS: 8% | Potomac bie e S bt cunnived (with job in Successtul Onmeration successful operation for four months. It is meeting in a practical . G a1 - B érs’ assoc e rices on 5 ner o ik s Z plani was 235023683 k. w. hours, | JUlFSigten Steel o e Bt | obacts products s B way the building and housing needs of the District ofeColumbia, 933 per cent This continued ;g;}‘;}fiflffi.‘%fi % W : {loney asserted i R i in its operations. as re x ures " i 5 5 : ! $1.43 R : * :umo:'-omnml i 8% . < CRUDE OIL OUTPUT GROWS. and provide a ready he plans for the vear 1522 ‘call | indighoma.....o-- 4 e getnte : ; 2 b pocon . / for capital expenditures of aDProxi- | [pepiration.....-- 3% 3% 0% | N Mhington Market 5y, 107 Wholesale lumber dealers say | NEW YORK. Januur Coud o0l gency for dealing in real estate securitics bzsed upon’ second as mately $1.250,000. which, in the main | |pterboro Metro... 2 1% W. M. Cold Storage &s.. 80 e production in the United States ‘for| Y Jauney Coupler stoek ha S 5 s i will provide for a new 12,500 K. W.. | [jterboro Metpf.. 5% 5% STOCKS. I holesaters canmot get ihe panufae- | week of January 14 averaged 1.43 Y vacd il as first trust mertgages. . g So-cycle turbo generator with its | (o1t Chem pf. 34% gean PUBLIC UTILITIES | manutactarers feel that :;’f;,,‘;‘;,";’;:l; L e oiul e The National Mortgage aind Investment Corporation, supplements B e bsuton the Ia AL Ll = e Vo] Ametican Tel and Telga. ias low as they will be and that they 1,413,450 barrels, and i ihe A Aty iy tie splendid general banking facilities of Washington Other Jation of additional cables and sub- | INEMEE SR UGS gy 81 81 | Washington das B el L oibel sbondinig fhweslc Stac the total } turned z business as well as that of the builders is henefited by the release of o o e ia Feqnifed | BtI-Truck IstRL.. 18ic Tone Toee | Wank. E - = 2 R money ticd up and dormant in second trust notes. Institutions forinewibusifiess. o ke @ ® o s FEDE Bell Teiephone stact doing a general banking business will be bencfited by a stimulation e tabi iy dtviada | UEASAE o M perien s RAL INCOME AND Erae : of business through building ‘operations, which multiply and give e e Y bect paid o the| It Pper {8} s S8 w16 | Colombia; i The Interstate Com- activity to bank accounts. preferred stock in the usual quarter=! INNIRE Cq crg "7 2on 8% 29% | bistrict ! < = EXCESS pROFITS TAXES merce Commission has or- Investments in the National' Mortzage and Investment Corpora- BB oo Soh The: coms | AR OIS T2 2. (2 g T : : ; : safe*and profitable. The character of the management paid on the common stock. The com- | (€1298 0} 2 12 Federal | T dered 49 railroads to in- tion are sa p : c n " pany now has 2.290 stockholders. of | Jewel'fea pf.--=-- 4% 8% Lincoln 1L 15 tall UAnfoatic T at insures continued and growing success, with steady increase in R e Loty b ur) lopewTea o 36 & [isheoual Metropolican) Conducted by DR, JOSEPH J. KLEIN, C. . A, Sta alomalieisxan n value of the investment, which accrues to the benefit of the stock- other similar organizations. Over 3| E:,?“:fl;‘auco: Sesond oo (Copyright, by Joseph 3. Klein. All rightd reserved.) Control. holders all alike. er cent of total stockholders are BulLC : - < S - : residents of the District of Columbla. | Kelly-Spring Tir { { T auestions should be addrased to Dr: Klein. in care of The Star. To receive attentio A portion of the Stock of the National Mortgaze aml Tnvestment “The compamy and its subsidiaries| Kennecott.. American Security and Trust.. 222 ..... o iommunications must be sigued. Dr. Klef's' answers will got reveal the. identity o Thomas L. "llme, Broker Corporat s being offered at the same price paid by the officers had in their employ at the end of the| Keystone Tire. i ottt L e 100 5 X “and directors. Subscriptiors ave received by the Huszhes F _‘\"earl.h 491 employ lwilhfla pay rgn i m—esxuss)-suel Union Trost .. g < In addition to the items discussed| This topic will be concluded in th 1412 G St. Main 1346 Corporation. 1418 1 Street Northwest Phones. ) 53 und 834 or year aggregatinx a wanna Vi L v n ' a decrease of $386,981.10. of 8.6 Cacky e [in the previous article. the following | next installment. — | ©r | [ehigh Valley Total Bonded Debt. “The total bonded debt of the Washington Railway and Electric Company and its subsidiaries, includ- ing the Potomac Electric Power Com- pany, now outstanding with the pub- lic, is_$30.707.850, which includes the new . Potomac bonds previously re- ferred to. sold in{ December, 1921. Adding to this the $15.000,000 capital stock of the pareat company and $104.650 outstanding capital stock of subsidiary companies makes a total outstanding capital at this time of $45,812,500. This excludes from out- standing _bonds those purchased for sinking_ fund and temporary invest- ment, except such bonds as have been bought for investment of the im- pounded fund. “It is gratifying to note the im- provement in the .company's credit that has taken place in the past year. Both its bonds and stocks are sell- ing at materially advanced prices. Adequate Rates Necessary. “The continued development of bbth the Railway and Potomac com- panies is dependent upom their re- - ceiying adequate rates for services rendered. As already shown, large sums of money are required to pay the cost of necessary additional fa- cilitles and_also the companies are confronted with the necessity of re- funding next year $3,600,000 Potomac Electric Power Company general mortgage 6 per cent bonds and $1,000,000 Washington Railway and Eleotric Company general mortgage 6 per cent bonds. “Repeating what was said_in_the last annual report to stockholders, these utilities enjoying such a large and™ expanding business, located in the fation's capital, with a well d sighied plant, efficiently and econom- 16ally operated, should enjoy as high erédit as any public utility in the country. - The only thing needed is such reasonable rates as will permit net>warnings comparable to those eatned by prosperous utilities Jocated elsewhere. ““¥jY6%s .Company Improvements. A“new bond board is being in- W. B. Hibbs & Co. on | be listed the chief issues 474n"fhe New York market. The ‘which will be ready by nmext ‘W1l be in the main ticker room. les R. Alley, local manager of A Houseman & Co., is ‘back at desk, after an absence of two eeks on account of illness. -, A hi w i Louis& Nash - Mflllimu;n & Co anati Sugar. :nnhulln Elev.. Manhattan Shirt. Market St prior Marland Oil Martin-Parry May Dept Stores. Mexican Pete. Miami COpper. . - -« Middle States Oil Midvale Steel. | Minn & StL (n). iMoK&TWIL. |MoK &TpIwWl Mo P ell;. | Montana. Po' . Montgomery Ward Mullins Body . Natl Biscuit. Natl Cloak & S pf. Natl Enameling. Natl Lead.... Nevada Copper.... New Or Tex & M. N Y Central.. NYNH&Hart... N YOnt & West. Norfolk Southern. Norfolk & Wstrn. North America. North American pf. Northarn e Nova Scotia Steel. Ohtio Body & Blow. Oklahome Prod. Ontario Silver. Orpheum Circuit Otis Steel..... Pac Gas & Elec Pacific Mail PacificOll..... Pan-Am Pete. .. Pan-Am Pete (B). Parish & Bingham Pennsylvania.. Penn Seabd Steel. People’s Gas. Pere Marquette. Pere Mrq prior pf. Phila Company... Phillips Petroleum Producers & PublicServof NJ. 3% 1% u% 26% 135% 4 8% Uk 9% 69% 20% 85 8% 20 16% 3% % 67 ot 2% . 164 1% Amerjean Arlington Corcoran . Firemen's National Union . TITLE INSURANCI Columbia Title .. Real Estatg Title MISCELLA Cotumbia Graphoplione com Columbly Graploplione prd D. C. Paper Mfg. Co.. Merchants® Transfer and Stora; Mergenthaler Linotyp 0ld Dutch Market " co Old Dutch Market pf Lanston Monotype . Security Storage Washington Marke! *Ex-dividend DIVIDENDS. Pay- g able. American Linen Ce Feb. 1 Austin. Nichols & C 7 ISR Feb. 1 . A S e Fev. 1 Tron Prod, Corp. Feb. 15 e nt, Fower. Co.. .. §2. Feb. 15 .31 Feb. 15 .20 Feb. 1 .20 Feb. 1 131 Feb. 15 20 Feb. Jan.31 Feb. 15 NEW MARYLAND BOAT LINE. ‘ SALISBURY, Md. January 21— Through the Salisbury, Chamber of Commerce a boat line between the northern neck of the western shore’ of Virginia and the castern shore of Maryland will be established by the Pennsylvania Railroad Company. The service will end in Crisfleld until an !autem terminal can be completed in his city. ANACOSTIA BRANCH OFFICE of The Star is located ap 1907 Nich™ ols avenue, Weiss & fealy. This branch: office of The Star has been ‘es- tablished for the convenience of Star patrons in Anacostia. Classified vertisements may be left here at the ;:::e rates as charged at The Star of- “taxes assessed against local benefits of a kind tending to increase the value of the property assessed.” Un- der “E—Credits and Exemptions,” we shall refer to certain taxes paid to foreign countries or to United States possessions and which are not aliow- able deductions for reasons there pointed out. If a bank or other cor- poration pays taxes on behalf of a stockholder, the bank or.corporation may dcduct the amount paid, but. tfie taxpayer may not do so. Item 21, Business Losges—All losses incurred in -the taxpayer's trade or business may be deducted. If the taxpayer i$ reimbursed for some of his losses by insurance or otherwise, oniy his net loss may be deducted. Item 22, Other Losses—Even if the loss is not incurred in the taxpayer's regular trade.or business, but if it occurs in connection with any, lawful transaction into which he entered for profit; then such net loss-may be de- ducted. It has been held that the loss re- sulting from the sale of the taxpay- er's own residence or of his private sutomobile is not a deductible loss, because the purchase of the residence or the purchase of the private auto- mobile was not a transaction entered into for profit. If this assumption can be overcome by proof to the con- trary, the loss is deductible. . Formerly many owners of stocks and bonds availed themselves of the privilege contained in the old law and established losses by means of “was| sales.” The present law: attempts to eliminate this practice by providing that.after November 23, 1921, no losses shall be deducted “where it Appears that within thirty days -before or after: the date” of the sale of such Sccurities “substantially _identjcal property” is -reacquired, “and “the property so acquired’ is 'held by the taxpayer for any period after such je.” . ..Item 23, Special Losses—The -tax- payer is permitted to deduct the net Joss suffered by him as the result of the destruction of his property by fire, theft or other casualty to the ex- tent not compensated by insurance or. otherwise. Thus, while the taxpayer could not deduct the loss suffered by him when he sells his private auto- ‘mobile, he counld déduct the full loss suffered him in case his automo- bile were Atolen or destroyed by fire. in th columns of your news; is a foreign corporatio; € in the United States of America. B” is a domestic corporation own- ing all the stock of “A™ corporation. (a) Can a consolidated income tas return be made for the year 19217 (b) If a consolidated income tax; return is possible, should it be mad as a domestic corporation or as foreign corporation? (e it is not possible to make a! j consolidated return, theraby. ne«e.fsfi jtating a separate return for each com- ' i pany. and assuming that cornoration B” "has considerable expenses ove: and above its income #nd that cor poration “A” has considerable revenuc | over and above its expenses, how can | the expenses of corporation “B" be| disposed of to advantage? A. (a) N Q. (23)—My income for 1921 was $2,200. Am married and support two | children under sixteen years of age. | Must T make-a return for either fed- | eral or state taxes? / A. Yes. - paper: n operat- l N Q. (24)—T sold eighty-nine shares of stock at 11 o'clock December 31, 1921, and delivered the same early on | the morning of January 3 (next stock | exchange day). May I deduct a loss! on my 1921 income tax report, or wilk! I have to put in the report for 19227 | A. This is a.legal question which I; cannot undertake to answer. It de- ! pends upon whether title passed on| December 31 or on January 3. The | Toss was incurred ~whenever title | passed. Consult an attorney. Q. (25)—1In 1921 I had an income of | $2,617.92. I lost about $400 in a deal. | 1 am married; but have no children, How do I stand in regard to income ax? o+ A. You must file a return subject to a tax om $617.92. Will sell about 1,000 shares Vasil Steam Systemn Stock ! ‘ ' Bid Address Box 256-S, Star Office. Becured.by first doed of trust on real estats. ~ i and are : 214 4 Other /’l_/loneys——-and Yours —0 THE PERSIAN DARIC The daric was an ancient coin of purc gold which was adopted by the Hebrews after the Babylonian captivity, showing that even in those days when wise men saw financial opportunitics or benefits they grasped them. T " Swartzell Rheem&Hensey cent as compared with the preced otive. jare also allowable as deductions from = Year. This Showing. while some e, | gross income: G, 42‘2‘)"’:":,“ P - due to reduced rates in certain ¢lass- £t e 30 Tanes—) 3. —I beg to submit the fol es of employes, is primarily brought | LoftIne, .- i 20 Taves lAIT taxeaipen are Y'i.“.‘n“ for your consideration. and | about by reorganization and econ- | Loose-Wi eductible except income and profits| shall appyeciate it if you publish your omies effected in other ways. | Lorilla: ” axes paid to the United States and |FePlY Without revealing my identity HEFirst Mortgage Note is a form of security dating back to the days of Babylon and maintaining always a reputation for safety and stability. No other security has stood this test of time—a fact which testifies to the soundness and - safety of mortgages in general. Ours, in particu- lar, merit your investigation. e LA Y Co. 727 152 Street NW.