Evening Star Newspaper, February 18, 1922, Page 15

ITALIAN CABINET - TORESIGN AGAIN Premier Bonomt to Give Up i Post as Result of Adverse ! Vote by Deputies. i By the Assaciated Press. ROME, February 18.—As a result of; yesterday’s adverse vote in the chamber of deputies the cabinet of Premier Bonom! decided to present its repignation to King Victor Emmanuel, ard the resignation of the ministers will be formally announced In the chamber today, according to a semi- official note issued this morning. During the debate in the chamber ©of deputies yesterday which resulted in defeat of the Bonoml cabinet the Premier made a statement concern- ing Italy's relations with Russia. No danger, he said, could result from Rpssia’s warticipation in the economic conference at Gerloa, and in any case resumption of Italy’s relations with that country was in accordance with the polloy parliament had recom- mended to the government. No Fear of Vote. e principal majority against the &qvernment consisted of the members of the right and left and the socialists. All hope for the cabinet was lost ‘when Signor Bonomi, answering Vi rious adverse criticisms of the gov- erpment’s policy, said: “Some persons express surprise that the ministry las returned here. But we have not returned of our own free will, nor da we intend to remain at our posts. We entertain neither hope nor fear of: your vote. The result of the roll call was re- ceived amid an uproar. > Must Find Support. Subsequént discussion in the cham- her showed that any new cabinet must, like that of Signor -Bonomi's, rely on the Support of the Catholics and the censtitutional parties unless! it is possible to induce the socialists to-participate in the government. Regarding the first contingency, the belief is expressed that the man who would be best adapted to lead the government would be found among foimer Premier Orlardo, Signor de Nieola, president of the chamber of Geputies: Signor de Nava, minister of the treasury in the present govern- ment, and Signor Bonomi himself. Tlfe second contingency is considered improbable of being worked out, as the socialists are not yet ready to go into power under the monarchy. Other possible heads of the govern- mént mentioned are former Premiers Giolitti and Nittl. Signor Glolitti Abe Martin Says: ) = Distiller Ike Mopps didn’ fire up this mornin’ as th’ wind wuz in th’ wrong direction. Very few men even know that th’ girls are bobbin’ ther hair. (Copyright National Newspaper Service.) ——— ALEXANDRA, ALEXANDRIA, Va, February 18.— Receiving one less than the required number of votes, the board of alder- men last night defeated the propo- sition for a white way on King street between Fairfax and Patrick streets a distance of seven squares. The vote for the measure was 4 to 3 and it required five votes, or a majority of the entire membership of the board, which is elght. There was one Bb- sentee, President F. F. Marbury, Who is confined to his home on account of illness. Immediately after the vote had been taken and announced Alder- men Willlam L. Rammel of the sec- ond ward and C. C. Batcheller of the fourth ward tendered theéir resigna- tions as members of the board, being dissatisfled at the action of the board in faiing to pass the measure. motion of Alderman Robert F., Gree the resignations were laid on thi ible. The meeting was presided over by Vice President C. J. W. Summers. ‘When the ordinance for the white way, which was adopted by common counoil last Tuesday night by a vote of eleven to three, was read, the vice president asked if there were any amendments to the measure, where- upon Alderman Green presented an BETTER BUSAES PROVEDBY FRURE N ) == D C, SATURDAY, FEBRUARY 18, - 1922. BUYING, POWER INCREASE SPURS OUTPUT FOR A SCORE OF LINES :Natf'on:-wiaé Conditions Indicate in Re- President Harding Pleasedby| ports That Advent of Broader Trade Is Facts Regarding Domestic and Foreign Situation: BY DAVID LAWRENCE." Buslness is better. President Hard- ing says so and offers figures and sta- tistics to confirg his optimistic view. Heretofore his expressions about the business situation have been general in character and tinged with a vague hopefulness that the depression must sooner or later come to an end. Now, however, with a smile of happine: on his face, the President takes o casion to analyze the latest data,r 'celved by- the controller of the cur- rency. 3 Not Anxious to Claim Credit. The President explained that his purpose was neither political nor par- tisan. Mr. Harding is no more anx- fous to claim credit for the better: turn in business affalrs than was his administration ready to take respon- sibility for the economic depressiom which became acute in the first six months of his term of office. The day is passing when politiclans are claiming that tfey are able by governmental effort to bring prosper- ity when at the same time it has been demonstrated that the policy of a government does not always bear & realtionship to economic factors of world-wide extent. This doesn’t pre- vent the partisans from making all sorts of claims, but the shrewd lead- ers no longer try to take the credit for an upward turn in business condi- tiogs. Fighting the Pessimist. President Harding, however, has another object in making it plain to the American people that the data in the possession of the government show a marked improvement in the credit situation. He wants to offset the apprehensions of the ¢pessimist who can create a psychological situa- tion that will hurt business. There are still many business men in Amer- ica refraining from doing certain things that would benefit themselves and the country, but who hesitate on ccount of “the business outlool ‘or this reason the government does not mind interpreting the business outlook. + The controller of the currency, a it is to issue regular calls for statements from the na- tional banks of the country, has had nothing to boast about for many months. The improvement has been gradual and steady, but it never could be called pronounced. When he found at last BY J. C. ROYLE. Special Dispatch to The Star. s NEW YORK, February 18.—The wireless antennae of “business have picked a message out of the air in the last few days. It was not a message of distress, but a message of assurance. It told of increased States, but all over the world. knowledge of increased abllity to buy and to pay, has spurred manu- facturers to increased output in & score of lines. Business enterprises ich had started the new year with ¥he deter- minaion to go slow, to restrict pro- duction and. to sell their goods before they made them, are revising their schedules of p duction ~ More men are being ployed in industrial centers all over the country, machines are being speeded up and.preparations are be- ing made, not to meet the demand of the moment, but the demand of the year. Far-sighted business men declare that e increased Y ing. They know that this revival of buying will not wait; that if they are not prepared to take advantage of it when jt arrives a competitor will snatch both business and profits, and they are making their preparations accordingly. Evidences of Quickeniag. ‘The message of increased buying power has been widespread in its ef- fect. Increased prices for agricultural roddcts are putting the farmer back nto the list of favored: customers. Money {s easier throughout the coun- try, old debts are being wiped out and credits are belng stre: ed. Frelght trafiic s increasing steadily. The call is going out for raw ma- terials and rallroads are increasing Eupnn.uons to handle them. usiness skles, huwever, are not entirely cloudless. Wage disputes still e c‘lllnfl a shadow over some in- dustries, although in the main em- ployers and emploves are getting closer to satisfactory adjustment. The strength of improvkd conditions, in- deed, is well shown oy the fac these disturbances have had minor effect on the general situation. The strike in the cotton mills of part of New England has not yet advanced toward settlement, but this has not served to retard the advance in raw cotton or to affect materially the prices of cotton good! buying power not only In the United | tha such &% " Nearing—More Men Empléy'ed. 3\ Growers are slow to accept bids for their spring clips at present levels, and the shortage of fine wools is growing more pronounced every day. Many large consumers, however, are known to be well supplied, and it is indicated that speculation is playing a part in the wool situation. Demand for farm implements is again in evidence, after a period of extreme dullness. The ‘speculative flurries in the oriental mar- kets have tended to unsettle trading That | in silk in this country, and manufac- turers are awaiting further develop- ments before making large commit- ments. ‘. Commodity Reports From Various Sections oI (Special).—The local plant of the Empire Refineries, Inc., a subsidiary of the Cities Service Company, wiil resume operations erck 1.~ This will bring operations of the refineries company up to 756 per cent of 1920 production. i Dry Goods. JEATTLE, Wash.,, February 18 (Spedial).—Wholesale dry goods are more active than at any time for a year. The sales for January show an increase of 60 per cent over January, 1921, and February sales have been even better. Retailers, however, continue to buy for immediate de- livery and only In limited amounts. Iron and Steel. DETROIT, February 18 (Special).— ‘The production of the foundries in this section has risen from a low level of 20 per cent of capacity to 35 per cent of normal, according to figures made public today by A. W. Blodgett, secretary of the Michigan Foundrymen’s Assoclation. Collars, NEW YORK, February 18 (Spe- clal).—A local Wholesaler is now of- fering semi-soft collars at $2.10 a dozen, presumably to retail at 25 cen ach. This is apparently the lowest price at which collars of this 'ype, 80 far, have been placed on the market. Machinery. MOLINGE, February 18 (Speoctal). —Offclals of Deere & Co., makers of farm machinery, today expressed the bellef that increased buying power by the farmers would bring about better conditions in the GAINESVILLE, Tex., February 18|, FORMLESS M D. C. Bankers Adopt Resolu- tions for Naval Gun Factory Let-Out Employes. Resolutions of sympathy to 1,350 employes of the local naval gun fac- tory recently rendered inactive by government order, were unanimously adopted at a speclal meeting of the District of Columbia Bankers' Asso- clation at the Cosmos Club last night. It was pointed out that local mer- chants and business men are losing more than $10,000 daily on account of the wholesale dismissal, tRgt the fac- tory is a valuable asset to the finan- cial interests of the city and should be preserved intact. The work being performed by the Chamber of Commerce of the United States was detailed by Eliot Goodwin, resident vice president of the organi- zation, who delivered the principal ad- dress of the evening. Growth Is Outlined. Mr. Goodwin outlined the wonderful growth of the chamber in the past few years, and advised that plans for the definite construction of the new building that will house the member- ship in the future are fast being com- pleted. He said that Architect Cass Gilbert of New York had been author- ized to go ahead with these plans, which will be submitted to bidders within a short time. The style is to be almost identical with that of the Treasury annex in New York city, Mr. Goodwin said. Following the opening remarks of John B. Larner, president of the as- soclation, Robert N. Harper, presi- dent of the District National Bank, analysed an address delivered by Francis Coates, ir., on “Audit and the ng Department of a Modern nk” at the convention of the local association held at White Sulphur Springs last June. High Spots of Speech. Mr. Harper touched the high spots of the speech, which he saild was one of the most concise on the subject Georgetown, was appointed chairman of a special committee to probe cer- tain frregularities now said to be existing in the purchase of automo- biles in this city, and he will shortly confer with a similar committee from the Washington Automotive Trade Assoclation. A buffet supper was served at the conclusion of the meeting. Liberty Bank Costest. - EXTEND SYMPATHY | | VOLUME OF COMMERCIAL TRADE IN WEEK SHOWS LITTLE CHANGE Business Reports Indicate Confidence Is Still Felt That Spring Will See Further Recovery—General Review. BY STUART P. WEST. Special Dispatch to The Star. , NEW YORK, February 18.—Nothing very important has happened to af- fect the general estimate of financial and business affairs in the four and one-half actual business days of the past week. It is still the normally dull season in trade, and so it is not surprising that the volume of com- mercial transactions shows little change. Confidence is still felt that the spring will see business recovery enter its second stage. The first period of this recovery started in the midsummer of 1921 and lasted through the following November. Then came a lull without, however, any real re- cession. Taking the trade indications as a whole, they show that opera- tions /tell off slightly fn most lines in December and have remained on about the same scale since then. The New England labor troubles have curtailed the demand for cotton and cotton goods. The copper trade has been a distinct disappointment, for, instead of buyers becoming res- tive at the steady dwindling of avail- able supplies, they have been holding oft to such effect that the selling agencies have had to lower quotations in an effort to stimulate demand. But these are special conditions and do not influence the judgment that im- provement will begin again by late March or early April, and that this second upward swing will carry far- ther than the.one last autumn. Farm Preducts Recover. The most important feature of the immediate situation is the recovery in farm prices. At this week's high of $1.42% May wheat was up 24 cents a bushel from a month ago. This, with the corresponding rise in other grains and in live stock, means a very ecided increase in the buying power on the farms. If sustained it will as- | sist general business recovery more than anything else that could pos- sibly happen. Next to the return of more profit- able oconditions in agriculture increase of the 'foreign e would be the most important factor in industrial FEDERAL INCOME AND EXCESS PROFITS TAXES revival. The unfavorable position in the foreign trade could not be reme- died while European currencles were at the discount they were even as late as last summer. February figures of exports and fm- ports will be a fairer test of whether the recent advance in the exchanges has begun to affect Europe's demand for American goods Grounds for Brighter Outlook. The two movements coming to- gether—the rally in the grain market and the fresh upturn in the ex- changes—have added greatly, even within a single month, to the grounds for confidence in the general outlook. They have had their effect, too, in the " investment market, helping to sostain bond prices well up to their high level, despite the continued out- pour of mew issues. They have had much to do with preventing the reac- tion which the stock market had been looking for after its Junuary upturn. Next in importance as a stimulant to the investment situation has Leen the world-wide evidence of further progress toward normal money con- ditions. The Bank of England has put its discount rate back to 43 per cent, where it stood in July, 1914. It seems altogether probable that the federal reserve authorities will be influenced by the British example 10 put their discounts down from the present 4% to a 4 per cent basis. It would not be surprising if this mrere done at the next weekly meet- ng. Stocks Not Respomsive. . The stock market within the last few days has ceased to respond to professional operations for the rise in the way it was doing previously This may mean that a certain amount {of distribution has occurred undec cover of the bidding up of various | special stocks, or it may mean simply that Wall street feels that it has done enough for the time being in the way | of discounting trade recovery. The reaction against the soldier | bonus, with its threat of onerous taxes or else a heavy government bond issue, has been reflected favor- iably in all the markets, but especial- 1y in the market for liberty bonds. (Copyright, 1822.) that the peak of the depression, so far as the banks of the country were concerned, had been reached and that the statement reg- istered for the first time “a very sub- stantial upturn in resource: he ai- rected the attention of the President and when Mr. In an endeavor to promote the spirit of thrift, the directors of the Liberty National Bank will shortly start a con- test among themselves which promises not only to furnish quite a bit of ex- citement, but will add many thousands of dollars to the coffers of the bank. Two teams have been selected among the directors to solicit new business, and according to the plan the team finishing first on July 1 will be entertained at dinner as the guests of the losers. Vice President William L. Robins has lfieen chosen captain of the “Robin Red Adjustment of Wages. farm imple- The coafstrike still is a probability for next April, but consumers are firm in the belief that such & strike would not be of long duration and that sufficlent mines would operate to avold serious shortage. Proposals of the employers in the garment trades in three large centers to cut wage: and increase working hours is bein, closely watched, but it has not served to check the advance in raw wool prices or the demand for woolen goods. The building trades in hun- dreds of communities are adjustin, wages to meet present-day conditions amf gradual stabilization of prices of materials glves grom e of & boom in bullding, such as this country has not seen for years. ‘Wholesale trade in dry goods is ac- amendment providing that the white iy be extended from Fairfax street % Union station, a distance of eight more squares than provided for in the original ordinance. Mr. Green explained that this would give all the same benefit, adding that the white way might eventually be extended west of Patrick street, but that the people on King street west of Patrick street would suffer while they were walting. might form a cabinet with Catholics holding porfolios, as in his last government, if some differences with the Catholic party could be settled. ment trade and that with fair crops recovery in the rural districts was in sight. - ‘Tobacco. ATLANTA, February 18 (Special).— Cigar dealers here are congratulating themselvi on the decision of the superior court, which held that the 1 tax on cigars levied by the last state legislature is confiscatory and {llegal. The state has announced the case will be appealed to the su- preme court. Cenducted by DR. JOSEPH J. KLEIN, C. P. A. (Copyright, 122, by Joseph J. Klein. All rights reserved.) (Tax questions should be addressed to Dr. Klein, in care of The Star. To receive attention. ::L Sommunicatioas must be signed. Dr. Kiein's answers will not reveal the identily of ARTICLE XXVL ‘The ninth caption of the outline referred to in Article VI of this series was K-Penalties. As I stated in the preceding articles, returns must be sworn to. Severe re provided in the law for the filing of a false or a fraudulent enalties are also provided for failure to flle & return and for late filipg of a return. The following table briefly summarizes some of the penalties provided | for by the law: Nature of Offense. 1, Faflure to file return on (a) I time. wit CO-OPERATIVE MARKETING FAVORED BY ARMOUR spondents he had copies of the state. ment for their examination. Process of Liquidation. “It demonstrates,” read the state- ment of the controlle: “that the process of liquidation been pro- ceeding at such an excellent rate that it may fairly be said that we are well on the road to getting the ‘frozen credits’ thawed out. In this regard, indeed, it 18 by far the most satisfactory showing that has been Rapidly Fluctuating Supplies Un- : der Present System Unsatis- factory, Says Packer. Spéeial Dispateh to The Star. CHICAGO, February 18.—Comment- feated by a vote of four to Those for the amendment Messrs. Robinson, Green and mers and those against it Messrs. Andel:!fln. ‘Wilkinson, mel and Batcheller. This was followed by a vote on the original ordinance and those for the Coal. ST. LOUIS, February 18 (Special). Manufacture! here believe that an(fllsh mines to insure continuation of industrial production will be oper- ated in this section, even if a coal tionably know that he “has been in & Capt. Robins’ forces have been re- cruited 8. Specific Penalties. due to carelessness, but th no tatent to defrand, Ad Valorem Penalties. (2) It Que to carelessuess, with Do intent to defraud. those against were Messrs. Robinson, | "Even more promising is the data ing on the Capper co-operative mar- | o7t 2o were Messrs. Anderson. | made since the phrase ‘frozen credits’ | tive throughout nearly every section. | strike is called early this spring. from the foHowing: Edward w IS Ik T i pas; ] leaned their shelves | Facto are not alarmed over | Brashears, Thomas P. Brown, J. T. Cull, pema! } sn interest penaity of 3 of s L M e T I R Lere Mms matiet for new 8tocks. | the situation and point-out that dis- |ir.; Dr. L F: Davis, Paul B Johnson: fea $1008, (Bec. 353 3% per menth from the e Congress and is now awaiting Presi- This trend {s indicated plainly by the!sensions exist among the leaders of L. H. Y, - (b) If due to attempt will- (b) If due to atr t willjully dent Harding's signature to become | OG5y Snd SUMMETY: 1y unn explained | SAlldle 8t the oM eotor ot the | heavy increase in express shipments | the mine workers. Ruplo Stade parment of " 1o ‘evade Juvmnc ot tax tay. J. Ogten Armour, one of the big- | that “the merchants_on the, soven | Wik indnce’ Compration, Not anly | IRANE 150, IS rnnd % od Sy auk, an sIo 000, or tmpcson. amount ot tax o . mest purchasers of farm products in | squares on King street, prop is an_improvement n cultu KANSAS CITY, Kan., February 18 2 han 008 =3 e Fing United States. 6aid In & statement | Do Improved according to the ar- ers are flocking to market. EANBARCITY Siar. (Febrasry, 11| i for e yiar o hoth, (e, 911 Steel Plants Busy. Steel plants are not only increasing production, but are planning ahead. Coke prices have shown a or tendency in consequence. The furni- ! ture factories in many sections hi : dominate: rangements, ~had agreed to bear their part of the cokt of the installa- tion, which would be paid for.at the rate of about $2 a front’ foot, and that 60 per cent of the cost would be borne by the Alexandria County Lighting half cent a quart here. The present prioce is 11 cents to consumers. ‘Woelens. LEICESTER, England, February 18 -Business in fine wools everything in this market. Chanee, fords, T.d !.L lg%%me. Willam H. Mc- % Cray an oemaker. Teleph Bonds Listed. 2. Failure to Sle & returs. Chesapeake and Potomac Telephone Comnlni 5 per cent bonds, due M: ave today that Congress has acted wisely in-legislating So as to aid the co- operative marketing movement. “It promises great benefit to the farmers and stock growers. “To properly market the perishable prosecution. (Bec. 253 of law.) The commisstoner may pre- the return and penalties listed o 1 (a) and 1 (b) above, apply. (8ec. 253 of law.) farm purposes are better than any- body dreamed would be the case. The ‘beginnings of an export trade are no- ticeable. The commidsioner mas prepare return and the penities ted in 1 (a) and 1 (b) abore applr. ‘oreign exchange rates have any, the merchants paying-the|held back export trade. The passage 1, 1943, been listed on the Bal 2 Droducts of farm and N Teduircs | o o 40 per cent That, he| of the bill permitting Bresident Hard. | Sioush, orgers to rup on, hals PSSl | Prices are frm. Orders for flne yarns | mora Stock Exchange. There are out- (3. Toferstatemcat, of tax. Noue. Interest at the rate of % of statement said. “The past has proved | explained, was the chief reason why (ing to negotiate with the allies for ": ho new business were secured. R._uro about ct’;o months ahead of pro- | standing $3,221,000. m ‘brought about imno- 31% por umumhmla the. dv!; that gluts, with rufnously low prices, | it was not carried further. The light- | the payment of interest and principal u.u‘;u Tture sales have been very sat. dnafinon. ice knitted fabrics for Georgetown Gas Earnings. - ey "«:: = ‘::m“-enx and shortages, with prohibitively |ing company, he added, was-not for|on the war debt is expected to bring | o m“‘ ‘-v 3 ol:d l\lmger are being ordered o ewm Lehy tallmen: high prices, result from unsystema- |the present willing to go beyond |an even greater improvement in ex- ,;ge l’;;wl e atketicontinues atrony. c.'l'o th‘l‘:: tr:!‘nn‘.tbyl_l k’:ho ‘Wholesale S tized, non-co-operative marketing by | Patrick strest and that if it were|change and consequently in export L] 4. Understatement of taxr. Nome. 5% of the tax due but not paid, mflions of individual producers. carried beyond Patrick street he said | trade. Recent advances in the prices Error- brought about by lus interest at the rate of it looked as if the city government |Of agricultural products are attribut- 3 ° negligence, with no intent % per month during the w2 have to stand most of the cost | €d by many observers here to the ap- ‘ : Prod d Ill Lt to defravd. Jeiod m “which the de- Chi i~ Z y‘nar;los;hother d;ys u:ebr: and it would not'be fair to those who Delr;ncfi l;:ln'of an export trld: l‘am, llce an Ve toc g zoygaor ago, ‘gxcgwumi;- unpaid. are 3, or 4, og8 and may] already have pald. ope lore Improvement 3,201.20 reported for December, 1921. I 2 only 1000 catile. Neither the bro-| Alderman Summers asked the city e most interesting development{ _LOCAL WHOLESALE PRICES. GRAIN AND PROVISIONS. Operating revenues for the period|J: Chderstatement Same 23 1 (1) abore. 50% of total tax evaded. T t L] D! (Sec. 253.) (8ec. 230 (b).) duocer, the packer nor the consumer profits from such haphazard market- ing. Much the same situation pre- vajis in the grain markets and in all marts where the products of the soil ars offered for sale. Nature's boun- ties are harvested in relatively short periods, but distribution, to be ade- Qquate, must be spread over the en- tire year. “Through co-operative marketing should come stability both as re- gards supply and price, together with thé elimination of waste and the les sening of costs” : —_— ROCKVILLE. ROCKVILLE, Md., February 18 (Special).—Miss Edna B. Hart, nine- teen of Townsnd, ‘ Del, and Clinton C. Norment, twenty-three of Baltimore, who is understood to . be a student at the University of Maryland Medical School, motored to Rockville Thursday afternoon and ‘were married by Rev. Nolan B. Har- mon, jr., pastor of the Methodist Church, the ceremony taking place at the home of the minister. l announced amounted to $39,045.30, with expenses amounting to $29,619.45, leaving a total net revenue of $9. 425.85. Total “deductions from this amount aggregated $1,224.83, to which were added miscellaneous income to the amount of $392.50. Interest de- ductions aggregating $3,308.11 were made from this amount. ASKS CUTTING OF RATES " FOR DAIRY PRODUCTS Transportation Charges. Out of Proportion, Butter Association Representative Tells I. C. C. Arguments for réduction in rates on butter and dairy products was made before Interstate Commerce Commis- sion he: on the general rate sit- uation today by M. S. Hartman, speak- ing for the American Association of Creamery Butter Manufacturers, who held that these products now pay an excessive amount. Mr. Hartman cal- culated from statistical exhibits that it cost In freight rates an average of 3.15 cents per pound to furnish but- ter to New York city consumers, While the freight cost on bread would be .43 cents per pound. Continuing, the witness said the freight cost on fresh meat for the New York consumer would average 1.65 cents a pound; potatoes, 1.03 per pound, and in apples, approximately 1 cent. He asserted these differences in the freight cost of various commod- itles as compared with butter, cheese and dairy products could be illustrat- ed in every consuming center, as the transactions in wheat showed ad-|fgures compiled for New York city vances of % to 1% as compared with | Service were typical. The commis- yesterday’s close when the board of | sion was asked to: rectify the situas trade opened today. May was quoted | tion in any reconstruction that it :_t’ l}‘,al%u.ls and July engineer if- lights were not needed on other streets besides King street. Mr. Dunn declared the lights are put up for the greatest good to the great- est number. Mr. Dunn slso explained that the movement would have to have a start and he said he believed it ought to be given to those who pay the most taxes. J. Willlam May of the Chamber of Commerce explained the work done by E. A. Feldkeller, superintendent of the Alexandria County Lighting Company, in perfecting the plans for the white way, and id that he thought the white way eventually ‘would be extended westward on King street to Union station. Alderman Wilkins said he favored Eggs—Strictly fresh, selected, per dozen; 43; average receipts, 41; south- ern, 40. Live poultry—Roosters, per 1b., 18; turkeys, per lb. 40a4; chickens, 2, Epring, per Ib. 32a35; keats, young, : ‘bushel,” 1.50a1.75: ' No. 2, 50a75. each, 50a60; fowls, 28 ans, hamper, 4.00a6.00. Beets, bunch, with the betterment of exchange| Dressed poultry — Fresh - killed | 6a7. Cabbage, hamper, 1.00a1.25. Car- rates, which, in turn, are a reflection | spring chickens, per 1b, 32a35; hens, | rots, bunch, 5a7. Caullflower, crate, Wnderstandings | per 1b., 28; roosters, per lb., 20;|1.76a2.75. Celery, dozen, 80a1.25; crate, turkeys, per 1b., 45250; keats, young, | 2.75a3 Cucumbers, crate, _8.00: each, , 6 gplants, crate, 3.0025.50. Horse- Pork—Dressed, small, per 1b., 12% ushel, 3.60a4.00. Kale, barrel, a13; heavy, Sall. Live stock—Calves, choice, per 1b. basket, 3.00a4.00. 12a13% ; 1ambs, choice, per 1b., 12a13; [ 100 pounds, 6€.0028.50; No. 3, live hogs, per Ib. % Oysterplants, bunch, 8a). Parsnips, Dushel, 100aL50. Peas, hemper, 550 o ers, crate, 3.00a6. R o Turnips, basket, 0as0 > oo o0l Apnles, packed, barr: of a political nature in connection with the improved conditions—if, in- deed, matters international can be called political—is the way the do- mestio credit situation as well as the upturn in_the prices obtainable for farm products has marched along BALTIMORE, February 18 (Special). —Potatoes, white, 100 pounds, 1.75a 2.25; No. 2, 1.00a1.25; 160 pounds, 3.25 0. 2, 2.00a2.25. Sweets and yams, barrel, .00; No. 2, 2.25a 6. Fafiure to pay tax install- Same as 1 (a) and 1 (b) ment on time. abor (Sec. It any installment is not paid when due. the total tax un- paid becomes due and ble upon notice and demand by the collector. A penalty of 5% of the amount due, plus interest at _the 7. Failure to pay tax with- in ten days after notice and demand. Same a8 1 (2) and 1 (b) above. (See. 233) Tate of 1% per month from the time it became due, un- i for of better economic between Europe and America. though for the moment the United States government has its own pe- culiar reasons for not wishing to go to the Genoa economio conference, the banking and financial minds of the 1aim ly at per month on the part of the claim re- Jected (Sec. 250 (e).) Onlons, 3.00a5.00. administration would like to see the United States represented there. They think it would still further improve exchange _relationships and America the export trade as an outlet for her manufacturing and productive enterprises. The rela- tionship between political stability in Europe and American economic prosperity has been slowly but surely developed, even among many used to think a policy of economic isolation was not only desirable, but safe. The advocates of international co-operation are growing.in number. (Copyright, 1922.) Note—(a) The commissioner, with the advice and consent of the Secre- tary of the Treasury, may compro- mise any civil or criminal case arising under internal revenue laws. Where the commissioner compromises any etc.), before gross profit on sale can be determined. Stamp tax and brokerage are deductible. All profits are taxable. Your intention to buy other property is interesting, but im- material. Q. (74).—I am supporting and edu- cating & poor Ifitle girl I am very fond of and greatly interested in, ‘whose parents are unable to properly provide for her or even afford the necessities she requires, much less the education to develop the talents she possesses for music and painting. I would adopt her if her parents would consent, but they cannot bring themselves to give the child up. As I shall always provide for her can I deduct from my income tax report, legitimately and legally, the stipu- lated sum of $400 for child or d pendent? T think I would be within the law in doing so, but am told not. I em quite anxious to obtain your authority-in the matter. A. I think so. Q. (75).—In 1918 A and B, the sole heirs of C, who died intestate, in- herited from C all of the real prop- erty situate in the District of Co- lumbia of which he died seized, sub- Ject, however, to the dower estate of D, the widow of C, in such prop- erty. 1In 1921 A and B sold for the sum of $2,000 a portion of said prop- erty and from the procceds of the sale paid to D, in satisfaction of her dower interests in all the inherited property, the sum of $1.000. How should A account in his income tax return for the year 1921 with respect to gross and net income, for his share of the proceeds of the property sold, which was unimproved? A. If I understand your problem correctly A and B jointly inherited certain property worth as of the date of inheritance. They sold a por- tion of this property for $2,000. I cannot tell the amount of profit re: lized or loss ffered unless I first in the “acquisition value” of the property sold. By “acquisition value” I mean the fair market value as of the date of inheritance of the portion sold, less D's dower in said portion. A and B's purchase of D's dower for $1,000 constitutes an investment of A and B and is not subject to tax until : the property or a part thereof has been sold. for. $8,001 Q. (76).—Wife died June, 1921. Am This difference of $4,000 was |I to pay income tax for the past year ‘made, consisting |as married or singlep Salary about $2,600, no children or dependents. f|""A. As an unmarried man. = Owing to an oversight, articles ct | XXVI, XXVII and XXVIII were not 2| published in their proper order. These | ct moving expense? Can|Wwill now be printed, the first today, deduct what I still owed on the |the second tomorrow, ets. Article property (I did not actually receive | XXIX was published February 15, and $12,000)2 After computing what Iiarticle XXX on February 16. Article owe can I deduct $12 for stamps af- | XXXI will be published, therefore, fixed to deed? Does the fact that I|after article XXVIIL sold with the {n{:nao? olf bu¥h:§ —— other prophety at the priceI zecely Jobbers and manufacturers’ agents > A L e f Tapessemonts 18 to be | machinery and machine tools re- to cost and deprecia- | port a falling-off in demand during e first u:nnmwt:l u'a':'ynr. The ernment supplies have not bees from the market. So% ler thought the people dbn King street should be encouraged in this proposi- tion. Alderman Anderson,also spoke in, favor of the measure. ‘The measure is now recommitted to the committes from whence it came, and it may be up again for action in the near future. The ordinance pro- viding for the transfer of poles in connection with the proposed .white way also went over. The aldermen concurred in the fol- lowing resolutions, which were-adopt- ed by the common council: Resolu- tion appropriating $85,000 for erection of new public school building; city| gas works to borrow $15,000; appro- cit in 00. Tangerines, ‘Vegetables—Potato bbl, ' 8.50a3.76; sack, Lettuce, southern, per craf Celery, per doz.. 1.50a1.7 lettuce, 1.35a2.00. Cymblings, per te, '3.0024.00. Spinach, per bbl, 0! Onions, per 100-1b. sack, Cabbage, 2.76a3.00 per cwt. 3.00a6.00. Eggplants, per o gflr box, IR routs, 25235’ per 5 e TKale, “Some days there are 70,000 hogs or 25,000 cattle offered for sale at the A Darrel, 0240.00, Grapefruit, box. 2.5083.50. n\nx, o 00ub. 25, v?-n:-?:l".g: strap, 5.0029.00. Strawberries, quart, 68as! Clowing Prices at Noon. ‘Wheat—No. 1 red winter, spot, no quotations; No. 2 red winter, spot, 1.36%; No. 2 red winter, garlicky, 1.35%. Corn—Cob oorn, old, yellow, quoted, 3.25 per barrel; contract corn, 66%; No. 4 corn, spot, 65 per bushel; track corn, yellow, No. 3, domestic or better, 20271 per bushel. ts—White, No. 2, 4 : No. 3, 46% per bustiel.| & Do bushel; — Nearby, 90a1.00 per bushel; No. 2 western expo; r bushel; No. a.hn’; Worstion” 109 Per — oel 4 ton: 18,00 Yo 21.00 for good €0 chotae el othy and mixed hay; market firmer. CHICAGO, February . 18.—Initial against criminal prosecution. (b) Where the payment of the defi- clency on notice and demand would work an unusual hardship upon the taxpayer, the commissioner, upon be- ing shown satisfactory proof, may grant en extension of time not ex- ceed eighteen months, within which to pay such deficiency. Interest on the deficlency in tax, in lieu of other in- terest penalties referrpd to above, would then be added at the rate of 2-3 of 1 per cent per month, uinle!u s in by 4.4 Florida, 3. per basket. Peppers, per crate, 3.00a4.00. 1.50a2.00. DAIRY MARKETS. BALTIMORE, February-18 (Spe- cial).—Live poultry, turkeys, pound, 35a45; old toms, 34; poor and crooked breasts, 30; young chickens, 30a35; white leghorns, 28; staggy and thin, 22333; old hens, 23a26; small and white leghorns, '22a23; old roosters, 16; ducks, 23a32; geese, 23a30; poor and thin, 18 pigeons, 30a35; guinea fowl, -gach, - 30a60. Dressed poultry, turkeys, pound, 35a48; old tome, 36a38; poorly dressed and thin, 30; chickeps, 27a30: old roosters, 17; t’::ponl. 35842 conditions reported, but the repay- ments on recent export loans and other credits advanced for domestic Sheriff_ Alvie A. Moxley has ap- pointed Lawrence -Clagett a deputy sheriff for Poolesville district, and he has subscribed to the oath of office before the clerk of the circuit court here. CURB MARKET TONE BETTER; TRADING SMALL NEW YORK, February 18 (Special). —There was a better tone to curb market today, but dealings were on a small ecale. Kirby Petroleum was in moderate supply, but rallled shirply. The Kirby interests are drilling five wells at present in the Mexia fleld, two wells in the Blue idge fleld and two in the Barbers T edrri The Cities Service edly firm. priation of $1,400 to meet e body of & Tally developed g e ly of & levelo ir] bal About thirty "or more base ball| was Yound about 3. & It this Mot enthusiasts of Bethesda and vicinity ! ing in a long pasteboard box at the met at Bethesda Thursday evening|corner of Prince and Henry streets and took steps preliminary to plac- |and turned over to Policeman Law- ing a team in the fleld the coming|rence Padgett. The Dox in which the season as a member of the Mont- | body was found contained a receipted gomery County Base Ball League.|bill of sale for a dress for from Bethesda was represented in the|a Washimgton departmant store bear- Jeague last season and finished | ng the name of a Washington woman. second. - The meeting was presided | It if. reported to -the police that a over by George B. Sacks, president|young woman was sesn to deposit the of the Bethesda Base Ball Club, and { box & short time before it was found. 2 number of informal speeches were | Chief Goods toda. made. Much interest was manifested | Up with the Washingtoa authorities and the feeling seemed to be unani-|in the hope of finding some clue to ‘mous that the Bethesda team of this|Who abandoned the body. vear will be stronger than the one | Frank Baltimore, colored, arrested by Jast season. Another meeting will | Sergt. Campbell and Policeman Law- be held March 2, when officers will | rence Padgett, cha wi be chosen and other business of | Violation of the- was acquitted in the police court today. S The officers at Baltimore's lunchroom The Philathea Class of the Rock- found al number o; bottles, taul; contain- ville Baptist Sunday school enter-|ing only/a small amourt of whisky. tained the membes of the Rockville | Baltimore said his place of business and volunteer firo department and |residence are combined at 318 North others in a pleasant manner at the |Henry street and that some of the Baptist Church a few evenings ago.|Whisky had been bought by him and Clifford H. Robertson of ghe town |Some given him for his own personal use council made the address of wel- exclusivply. He denied ever having sold come and Joseph Howes, fire chief, any. responded. Rev. P. Rowland Wagner, ‘Waverly. Lucas, colored, also arrested pastor of the church, also spoke. A by the nntm tgt:cen for -';:1 bnlllle‘edl in- usical and literary program was |fraction o state prohibition law, Tendered, after which games were | Was acquitted. The police offered as evi. played and refreshments served. dence 2 glass jar containing half a Miss Mary Aldrich, president of the |&allon of corn liquor whica they had class, was chairman of the committee found at his residence on North Pashe street. Lucas_tol e cou! e pur- in charge. L . & it in Wi n_and w: not CRIBBING ON INCREASE. in its sale. Northwestern Students Would Go Back to Honor System. _ CHICAGO, February 18.—A return to the honor system at Northwestern University was recommended in today’s ssue of the student publication, the Daily Northwestern. The paper said that cribbing during examinations had been increasing steadily since the abolition of the homor system two years ago and the adoption in, its stead of the Proctor system providin, for i fair faquity member in everg Futures opened firm; March, demand, 19.49; Spain demand, 15.80; Yoom where 3h examination is being | May, 17.72; ':“s'{' 17.20; October, 16.70; | Greece, demand, 4.55; Poland, de- held, Students try to outwit the | December, 16. : 03%; Csechoslovakis, démand, faculty membi the paper said, and| 1. Agentine.-demand, 36.87; Brasil, ;:v.ould not chedt if no monitor was in ; Montreal, demand, i the room. S 73 e excess of that rate already. If errors in the preparation of & re- turn or for failure to file a return on time are innocently mede, the gov- ernment is fair and reasonable in its consideration of excuses offered /by the taxpayer. ;s QUESTIONS AND ANSWERS. Q. (72).—(a) Can newspaper ad vertising expense be deducted from commission from sale of property (b) Must all income be consolidated with salary income? If so, and the amount exceeds $5,000, what form shall I use? (c) In the sale of house, which after contract was signed involved a lawsult, is it permissible to deduct the losses from the subsequent sale of house to another person, on which profit was made? (d)-Commission made on several houses which was allowed on the purchase of a second mortgage, is such commission taxable? . (e) Must the amount of tax be pald in one payment or more, and, if 5o, at 'hA.n :nurv-h? —(8) (b) Yes; 1040, (c) Yes, if incurred in the same tax took the matter | co; a Oil of Indiana, International Petro- leum, Skelly Oil’ and Simms Petro- leum were ‘steady. . R. J. -Reynolds was fractionally lower apd a moderate recession was noted in Tobacco Products Exports, but there was no pressure against these stocks and the downward tend- ency was due rather to the small bids which were ih the. market. Phil! Morris was quiet. ~British Al any held . steady. lv’vuy up_a fraction, but the other motor shares did little. Bonds were steady and fairly: ac- tive. New Haven 48 attracted .con- tinued attention. After touching yesterday’s high mark there was a slight reaction. —_— FOREIGN EXCHANGE. soniua JeiIOP—N9GD FUIE g-g‘l‘% Budapest ..... .16 small slips, 30; ducks, a32; geese, 22a25. Eggs, loss -off, native gnd. negrby firsts, dogen, 41; southern, 40. Butter, creamery, fancy, pound, 39 a40; prints, 40a42; nearby creamery, 35a36; ladles, 24a26; 20a23 store packed, 18; dairy prints, 20223 process butter, 2! CHICAGO LIVE STOCK MARKET. at 1.21%a|might make of present rate struc- tures. Buying was induced by strength at| Commissfoner Esch suggested that Liverpool, but market quickly reacted on a renewal of profit taking, the longs not being inclined to carry tkeir winnings over the week end. Despite mgporr on the break: no. signs of a check developed until ;ha‘ h-reu:tion reached yesterday's nis nited |. Corn, starting unchanged t. - CHICAGO, * February 18 (United |, S0, S NG, DRcaineed to o o States bureau of markets).—Cattlg—|g4y, showed strength on commis . 8| Receipts, 800 head; compared with a [house buying. It was explained u‘-.':: week ago, beef steers, 25 to 40 cents | ooun offerings had failen off be- Righer; common and médium grades |cause @f bad weather and that ex- up most: canners and cutters and | Porter'had to come to’ terminal mar- low-priced cows weak to 25 cents | Kets to get grain. « |lower; fat stuff active, steady to| Oats were steady at the start, but strong, spots higher on better grade [eased off in sympathy with wheat. oows and heifers; bologna bulls abopt | First prices were 1% lower to % Somady: fat bulls, 25 to 60 cents high- jhigher with May 41%241%; July, 423 er; veal calves unpchanged; stockers and September, 43%. and feeders mostly 35 cents higher. Provisions broyght el Recelpts, 6,000 head; market | Dfices of the seaSon. - Further ad- tairly active, strong to loc higher | Yalices I8 ting facion Tarket were ’s _average, mos o arke than Friday’ age, L The wheat market developed hippers 10 cents highe: shippe ‘bought strength 1ater when Buenss Albed about 3,000 hea: d clearance; top, K | closed 3 cents higher, and with the 10.40 on 140 to 130 pound averages; | 080 1\ ot Syort, the fnish was ! .35; pigs. steady. h bulk, SO s tn 6,000, head; to- | around 8 cents higher here than yes- gay's receipts practically all packers | ferday, Final pricss were 131 for with & week and 1.23% to 1.83% for July. 4 e of “support for dairy products required special treat. ment in transportation and refrigera- tion. Mr. Hartman agreed, but as- serted that fresh meat tically similarscare an and potato shipments likewise in- volved the necessity for expenditures to protect azainst temperature varia- tion. ith an alley te prohibition l::'d. TRADE REVIEW. street’s review of trade says: “Trade is still curiously irregular— years. (d) Not clear. (e) One-fourth when return is filed; balance in three equal install ments, June 13, September 15 and De- I purchased in I sold in 1921 for ing more growth than buying. Features of the week have been cuterate sales run by central rcales and some printed " f:‘h’ r::lll'.fl, ‘while the shipping departments of some large eastern jobbers have run nights for- warding spring goods. - “Central and western trade sentj- ment_has been quite favorably af- fected by the proportions of the rise shown since last autumn, and NEW YORK, February 18.—Reflect- ing rather active support of March contracts by spot houses the cotton market opened firm today with prices 11 to 19 points net higher. Sentiment was bullishiy affected by the large sales of 140,000 pieces at. Fall River and by rumors that progress toward an early settlement of the New Eng- jand wage situation was making sat- isfactory headway. The principal early sellers were Wall street and commission houses who were unload- ing March. es o S al By the Associated Press. NEW YORK, February 18.—Foreign exchange strong. Great Britain, de- mand, 4.37%; flbh!, 4.37% bills on banks, 4.34: man 933%; cables, I mand, 4.93%: cables, 4.93%; Belgium, demand, 8.66%; cables, 8,57; Ger: Y, demand, 48%; cables, 48%; Holland, demand, 37.74; cables, 37.8( demand, 17.05; Swedep, d Denmark, demand, 20 frect; com 3 ge:t t‘;t lambs big-dollar higher; oth- er fat lambs and yearling: 0 to 75 cents higher; fat matured sheep, 252 50 cents, and feedér lambs, mostly 25 cents up. o e or for Juey, and €6% for NEW YORK BANK STATEMENT. NEW YORK, February 18,—The ac- - -th ring hi feniie s B St i the »