Evening Star Newspaper, February 27, 1922, Page 20

. . _THE EVENING STAR, WASHINGTON, D. INEW ENGLAND TRADE CIRCLES' * i , Commodity Reports From Various Sections . Rubber. Than in February a Year Ago—Strike Is |moe s ufinty b Soresm or . o 2 s rubber from domestic consumers and Main Topic With Traders—Elsewhere. reports of some, “bull” buying from Singapore, but continental and Amer- lcan buyers evince little interest. ing hours:from forty-eight to fifty- four a week. Cattlemen Facing Upturn, - Southwest Financiers Say BY JAMES R. RECORD. ernment from these sales would be! more than counterbalanced by charity doles to unemployed workers which disruption of the motor lorry trde would throw out of jobs. 's 3rd Cruise, Ji 23. 1983 ROUND THE WORLD . non-:&' cnus :‘w and L E, » . 0 astier Soasy Ten S, 9%, %4\ Many Concerns Report Greater Business| " 3% MEDITERRANEAN 65 DAYS’ CRUISE. $600 and up Hotels, Fees, Drives, Guides, ote. Spain, Italy, Gresos, cruises. Total Federal and Commer- cial Paper Contract to $721,283,000. Total -redlscounts of both govern- mént'and war paper, within the entire federat reserve. system today are about one-half what they were in the New York district alone at the high point. , Automobiles. “})ETROIT, February 27 (Speclal).— e Paige Detroit ~plant has in- creused it& production schedule twice since January 1. The King Motor Car Company has announced that it will materially ingrease output dur- ing this year. kK BY EDSON B. SMITH. Special Dispateh to The Star. BOSTON, February 27.—The feel- Ing in business circles in New Eng- land is decidedly more optimistic. February normally is a very quiet month and this rear has been no MUSICAL INSTRUCTION RAG_J Azz Piano_or 3 Saxophone | Positively taught beginners in lessons. Ivanced course for players. et sent OF POPULAR OlL. free. CHRISTENSEN S8CHOOL exception, but many concerns re- Special Dispatch to The Star, - Rediscounts of overnment d AMURIC. 2601 11th st. _Phone Columbia 3128. F /ORT. | NEW YORK, February 27 (Special). & Satman {USIC. 2601 L1th st Phone Columbla B2 | port that they are doing more busi- omg:{l’: D‘t‘ 8‘21$“kf‘;‘;";"li{m ;‘)’;fl_ —Gasoline is firm in this market and | COmmercial paper, as of February 23, ness than they were in February a|,gnje, there’ is conaiderable talk of a pos-| within the system, totale - panies of the southwest which bandle | S0 15, ¢ i S yetoin.ftotaled, $721,283, EDUCATIONAL. year ago, and they expect March Will |live stock paper now admit for the | ioweye o oo o riC thoern one: | 000 At the high point such loans in however. is very &oft, although ex port demand has improved slightly. SHANRO! Pa., February 27 (Spe- olal).—The ‘' Standard Tank Company has received an order for sixty in- sulated tank cars. The cars are in- tended for the transportation of high-test gacoline, and are expected l’u remove all possibility of explo- sions. - first time in two years that thessit- uation of the stock grower has im- proved. Twenty-four months have been required for the process of de- flation and the cattle raiser now is facing an upturn according to the financiers. Among the reasons for this is the fact that herds are build- ing up which have been started of low-price.. stock. COalves born since deflation began are maturing, rains have improved the pastures, stock feed has failen in some localities, ranch labor is lower and the cost of living has fallen. The bankers are not enthusiastic. They simply assert the “worst)’ is over. : Building has been given another impetus by additional wage cuts in the larger cities, F ters are offered $6 a day by contractors as against $8 last-seasan. In some sections the unions have declined to_ accept the reductions and members have turned contractors. Berry and fruit prospects were en- hanced last week by another freeze which prevented premature growth, The Texas onion acreage will be !ra;zu:mmin year than ever hefore. e volume of week by week sales OFFICIAL NOTICES. by country merchants i{s increasing and the jobbers are busy. The mer- chants adhere ln‘{hl! policy of buy- ing, declaring this system of quick see Improvement in general trade. In retail trade the holiday business was good and held up until the middle of January, when a setback occured. It is probable that the widespread strike in the cotton mills is respon- sible in large part for this curtail- the New York district alone were $1,317,686,000. The high point of government psper rediscounts within the federal re- serve gystem showed a total of $1,- 863.476,000. Today such loans are :fifll{igzl.oofl. a contraction of $1,581,- The attern Dresscutting Bring your own material Jour own garments and Ask for Booklet. LIVINGSTON'S ACAD] A 1115 G st._n.w. Fr. 7435. 1e SP AN]SH SCHOOL OF WASHINGTON Profs. from Spain—Conversational Method. Rapid Progress. 181817 F st. n.w. M. BRUSSELS _LADY WISHES PUPILS _IN French or German. Address Box 33¢-H, St office. The Hotel Field Calls You! Nation-wide demand for trained men and women; all departments, hotels, clubs, apartment houses, restaurants, cafeterias, tearooms. Uncrowd- ed field, good salaries, fine liv- ing. quick advancement. Our methods indorsed and our stu- dents employed by leading hotel operators and managers in all parts of the United States. Millinery and learn to mage ment. The strike continued the main topic of interest in business circles today. The New Hampshire. Main and Rhode Island mills are still closed and manufacturers declare firmly they will make no concessions. A proposal in New Hampshire, for a law iimiting the hours of labor to forty-eight a week has met with strong opposition from the farmers of that state. The mill workers ob- Ject strongly to the fifty-four-hour week in the industrial plants, but manufacturers say that so long as southern mills work’ fifty-four hours they have no alternative but to follow suit. It is believed that if the manu- facturers defeat the strike. in the other New England states the big Massachusetts textile centers will an- nounce wage cuts and increase work- ———————————— peak point for commercial g_aper rediscounts was $1,616,116,000. oday such loans are $439,289,000, a contraetion of $1,176,827,000. New York's government ‘paper re- Canned Goeds. NEWMAN, 1ll, February 27 (Spe- cial).—A new packing plant with a capacity of one miilion cases gf corn annually will be built here shortly for H. M. Crites & Co,, and It is ex- pected to be in operation by August. 795.,212,000.° Now they are only $54,- 168,000, & shrinkage of $741,044.000, Commerclal paper rediscounts in New York at the peak were $522,: 473 000. - Today they are only $46.- 3 e reductl O 00 tion. amounts to While New York has government paper rediscounts now of $54,168,000, its borrowings are exceeded by the ‘Wool. BRADFORD, England, February 27 (Bpecial).—Business in wool tops is quieter, owing to firmness in prices of raw wool. Activity in the woolen hosiery plants is well maintained. D t such loans total $55,182,000. New York's commercial paper fe- glyuc«::ms u: $16,805.000, are exceeded ose for the Chicago Reserve Bank, which total $6 0?5)0& 24 Dudley Is Promoted. for some time Steel PITTSBURGH, February 27 (Spe- clal).—The, American Bridge Com- pany will build and launch fourteen large steel river barges during the next three months for building ma- terial firms. ST. PAUL, February 27 (Special).— the Great Northern rallroad has OFFICE, COMMISSIONERS OF THE DIS- trict of Columbiu, February 20, 1822. Notica in hereby given that the pamphlet containing nt federal the Federal Reserve Bank Another— “T am very pleased 1o state that T have accepted the mansgement of the above hotel.” You can win as they are winning. resigned to accept the vice presidency Frisco Conditions Moving . Toward Real Prosperity BY LYNN C. SIMPSON. 1 Dispateh to The Star., _SAN FRANCISCO, February 27. panding bank clearings and in- creasing loans with easier mone; conditions and a widening realty market indicate improvement in con- ditions in this territory. Financiers say the improvement is not rapid as vet, but is moving toward a -real prosperity. Building activity is in- creasing, with material prices trend- ing upward and the cost of building growing In spite of the reduction in the labor wage scale. Official reports indicate that the damage by frost to the orange crop of the state was more severe than early reports indicated. Vegetables also suffered to some extent on the low lands. Retail trade reported to be only fair, but with indications of more prosperous condittons in the country districts, merchants are cheerful. The business done in the -metal trades is somewhat slow since the slump in the ship building industry, but some slight improvement has been reported in the last few weeks. A national advertising campaign to further the use of prunes throughout the country began today and will last for a week. it ( : I ,o If taxes or .mnm‘fln ld““"fl wA:h les al costs, are not puid prior to I‘r.l'h 14, 1922, the date fixed for sule. the property involved will be sold at publi tion at the. office of the collector of taxes. D. commencing March 14, 1922, between the hours of 18 a.m. and 4 and_con- tinuing each day, Sundass amd le until 1 su delinquent CUNO H. RUDOLPH, J CHARLES KE’LLER. Hay and Gral SEATTLE, February 27 (Special).— The mill run of stock feed has ad- vanced $2 ton to $29. Reported shortage of * winter wheat in the southwest is assigned as the reason for-this rise, which represents an ad- vance of $6 a ton over December. Furniture. NEW ORLEANS, February 27 (Spe- clal).—Sales of furniture here con- tinue to exceed those of last year. ‘They are larger in money valuye, al- though prices are materially lower. Last .year was a banner year with local dealers. Baltimore. reserve branch successor will following da, tomorrow, assume his duties the a H. Iec of the federal S e U t succeed My Dudiey - an assistant agent at Richmond yMr. Dudley is a native of Roanoke. as many fri 4 Ainand has many frienus in local makes frequent visits, A. L B. Dinner a Succe: W. A. Dexter, chairman of committee in charge of the eighteenth Bl’nual banquet given by Washington chapter, ' flllule of Bankin ard Hotel Saturday night, was the ;"(_:‘l[;k-;ll of 1;‘mzralululmns from £ oW members in ©» organiza- o s saa in th rEaniza. of the Call, write or phone for particulars Lewis Hotel Training School Clifford Lewis, Presideat 1324 New York Ave. N.W. Main 6779 Commission- =3 | . ATLANTICCITY,N.J. E 8TE| l ______AmANTCOTY. - 2 Eggs. KANSAS CITY, February 27 (Spe- Directly on the Front clal)—Warmer weather has brought | AnAmerican PhaHotel of Di lln?(herhll’nll In egg prices. The lowest point this season has been reached, CAPACITY @00 with selects selling at 29 cents a dozen, wholesale. ST. LOUIS, February (Special).— Increased production has resulted in : bringing the nxlce of eggs down to 26 _cents a dozén, wholesale. Retail prices, according to neighborhoods, range from 28 to 40 cents. Beiting. PITTSBURGH, February 27 (Spe- clal).—Lines of goods dependent on the steel industry for their principal S customers are showing improvement. This applies to belting, packing and other supplies. Live Stoek. LY, Pa, - February 27 (Special).—Live stock shipments over the Cumberland-Connellsville di- vision of the Baltimore and Ohio have established a new record. The pre- vious maximum handling was 934 cars daily. For the last eighteen days the average has been better than 1,000 cars. at the New Wil- 1416 Eye N. W. ew fireproof bullding, newly equipped. A C“OUNTANCY GARAGE. WH] entertainment. H VIRGINIA BEAUH, VA. 3 A moderate rates; building best Betel its kind ever. attempted chapter, and nothing but could be heard for the arranged the details. e manner in which Roe F - son presided as | toastmaster. win called many by m beated; private baths and accommodations._Beoklet on EDUCATIONAL- PACE INSTITUTE 715 @ 8T. N. Cornar 8th and @ Sta. for who were still humming the air that Mr. Fulkenu)rf trodt cold that Mr. otes. “had upon ST. PAUL, February 27 (Special).— The state program for highway. im- provement this year will-include son- tracts to be concluded this spring'for - $2,000,000 worth of road construction. State officials estimate that $12,000,- 000 will be spent on new school buildings this' year. The total for 1921 was $9,000.000. The number of building permits issued in Minne- apolis, St. Paul and Duluth for the first part of this year show a gain ©f 190 per cent over the figures for the corresponding period in 1921. his chest.’ recently By the chapter have suc- ceeded far' beyond what t i nators had ex) oveit in the addres: ACCOUNTANCY If you are interested in this subject Enroll for the - FRESHMAN CLASS Starting Feb. 28 Accounting—Law—Economics 1736 G N.W. YMC A Women Main 8250 Admitted dinner. Mr. Wal fairs ha been common in Jewelry. ATLANTA, February 27 (Special). —A leading jewelry firm which i about to retire from business is sell ling its stock at a reduction of 331 per cent and on special articles making reductions of 50 per cent. rangements. ller mented Francis G. Addison, ji president of the Sccurit Commercial Ban forts to get the meetings started. LONDON, February 27 (Special). Makers of commercial motor vehicles are extremely anxious to know,what to be dowe with'the army motor lorries used by the troops in Ireland and those which will be brought back from the army on the Rhine. - It is feared that if these are sold at Slough, the disposal base, the market may be flood Already thousands of commefcial vehicles have been sold through this army depot. Sir Ray- mond Dennis, & manufacturer, de- clares that the revenue to the gov. rear of the hall, when Mr. Fulkerson was playing his part in the prepared hoax that culminated in Ed. Callow and George O. Walson havin PHIA, February (Speeial). —Building materials and l1a- boriigoats ace Almost [badicits’ Dre- | toastmaster should be allowed to con- Shcals hey base this statenont u with his rather pessimistic ad- the recent bida rreceived for the new ree libragy, which will cost over $1,- 1 80 | to be felt, especially in the western half of the district. Advan 0,000, threatened the prosperity of the coun- try, list herself, remarked aloud to her es- to stand there and Jecture to us all ‘Who wants to know what he she was soon dispelled of disillusion. s RESERVE BANK REPORTS BUSINESS GAINS STEADILY CLEVELAND, -Ohio, February 26. and indications are that the improve- ment will continue, according to the monthly business review of the Fourth Federal Reserve Bank issued tonight. “An outstanding feature of the re- ports received this month is the fre- quent reference to lower stocks of gdods rried,” the statement say: “More definite signs of a moderate pansion of the iron and steel market, with a consequent increase of plant op- erations, have appeared in recent weel and the undertone of the situation is more hopeful. Steel works operations at present are above the 60 per cent mark and are slewly rising. ‘The “outlook in the lake trade is brighter than it was a year ago, but the start will be slow, and if there is a suspension of work at‘the coal mines April 1 there will be no great rush to get the boats ready. ‘“The coal movement from the upper lake ports has shown quite an increase since the first of the year, due to the cold weather, and the amount of coal carried over will be smaller than was figured on early in the winter. The commercial demand is small in the northwest. “Ralilroad traffic is increasing, as in- dicated by the consistent decrease in the number of idle freight cars through- out the country.” FARM SENTIMENT BETTER. Gnnger'l Beginning to Realize Others Suffered in 1921. CHICAGO February 27.—Increased prices for grain and live stock have encouraged farmers in the seventh district, the federal reserve bank of Chicago reports in its review of busi- ness conditions for February. “An improved sentiment has -ap- peared not only begause of the in- crease in prices, but also becguse many farmers are just beginning to realize the extent to which other lines of industry suffered during 1921,” the statement said. The .effect of government afd, &c- RIN ~ WARNING!" Always say “Bayer” when you buy Aspirin. When you see the name “Bayer”-on tablets, you are getting: genuine Aspirin prescribed by physicians over 21 years and proved- safe by millions for i e ; Colds - Headache Neunlgia Toothache * Newrits Lumbago. s At aly “Baye” package which cnant pioper dicion Handy “Bayer” bazes of 12 tablets cot anly few cents. _Druggists alio sell boles of 24 and 100, ~ | purposes” by the War Finance Cor- ‘poration up to Febfuary 18.amo to ,$198,923,076; of which $29, to states lying I tgict, it was.noted. * PIGGLY WIGGLY TO EXPAND. ‘ Saunde; l;:tqy'% in capital, it i t Iarge number of Stores would be es: Louis, Washington, other laige cities ;l_l’;connl! & the high point were| reserve agent at|8 of the Merchants’ National Bank of Mr. Prentiss leavds the Baltimore and his assistant umong whom hej the | the American _In- for the splendid success It was freely admitted that the affair was the most pretentious of the praise committee that pected was brought out s of W. J. Waller, presi- dent of the local organization, at the ller said that while such af- air 2 other cities it was only an experiment here, and that local bankers should take to them ‘so readily was highly grati- fying to those in charge of the ar- V compli- . vice avings and for his untiring ef- | lemons, per box. 6.00a6 MARKEDSHRIWCAGE| * Philadelphia reserve district, where. One: student. wrifes: us: list of taxes in arrears on real property in|turnovers disinclines them to tie up|blaced orders for 500 steel gondola Richmond, p 1 called at the Breakers—presented the Distriet of Columbia on July 1, 1921, in- [ capital on large stocks. P | cars with the Western Steel Car Com- | zer or"'ih'e"iLZ°.$!rfi"v‘3"'"'-'£' 50 e S cluding wpecial asessments overdue, has been pany and for 500 cattle cars with the | system to a EAnCh DTS the 10 . being placed In the office. ed and Uereol are on, sale nt the ey el Hucceed Morton, H. Prentiss, also | complimentary remarks, and there were not a few ‘hy introduced. the words of which touched on ‘lhe Ayon M. Nevius' baby | southern, 28. That the forum dinners, inaugurated | turkeys, | | | rabe B An amusing incident occurred in the | fruit, 3.5024.50 . Florid: g a spirited argument over whether the The speaker had just finished his outline of the many bugaboos that 3nd was about to read a prepared same, when a lady., who had evidently gone to the dinner to enjoy cort, “Good Lord, is that man going It i8 needless to add that There Was more activity in business in!poo“y dressed and thin, 28a3 February than there was a month ago, | chickens, cording to the report, also is beginning ces. ap- |11 proved for agricultural and. livestock ted ,368 the seventh dis- | MEMPHIS, February. 27—With the| " -nn%‘glcmant made hers by Cllrem:e‘ president of the '13.000.0'0.3 tablished in. New York, Chicago, St. Newr|Orleans and e aited Staios, |t FEBRUARY 27, 1922. FEDERAL INCOME AND EXCESS PROFITS TAXES Conducted by DR. JOSEPH J. KLEIN, C. P. A. (Copyright, 1922, by Joseph J. (Tax questions should be addressed to Dr. Klein, in care of The Star. aN communications must be signed. Dr. Klein's answers w Klein, All rights reserved.) To receive attention. il mot reveal the identity of 1inquires 2 ARTICLE XXXVI sales, less what Im”x"d' :o; "rller.; aid $75 tax o The five preceding articles dealt|fhapiise’ 1 also paid 375 t with the very important topic of the “Basis for Determining Gain or Loss” covered by section 202 of the law. In the article of last Friday I discussed subdivision (d) (1) of section 202. I now direct the reader’s attention to subdivision (d)- (2) of the same sec- tion. This sybdivision results from situa- tions which, while not of everyday occurrence, are, nevertheless, of con- siderable importance. It provides that “where property 48 compulsorily or involuntarily converted into cash or its equivalent” . . . as a result of “(a) its destruction in whole or in part, (b) theft or seizure, or (c) an exercise of the power of requisition or condemnatfon, or the threat or im- minence thereof; and if the taxpayer proceeds forthwith in good faith, un- der regulations prescribed by the commissioner with the approval of the Secretary, to expend the pro ceeds of such conversion in the ac quisition of other property of a char- acter similar or related. in service or use to the property so converted, or in the acquisition of 80 per centum or more of the stock or shares of a col poration ownfng such other property, or in the establishment of a replace- ment fund, then there shall be allow- ‘ed as a deduction such portion of the gain derived as the portion of the proceeds so expended bears to the entire proceeds.” L An elucidation of the foregoing mat- ter will appear in tomorrow’s issue. Questions and Anxwers. Q. (118)—Two men, are equal part- ners in a garage—one of them is man- ager on a salary, the other makes his living from a professional occupation. (a) If the firm is required to file a federal income report, in addition to one from each partner, who pays on the firm Income, the firm or each partner pro rata? 2 (b) If no profits are divided and con- ist entirely of merchandise or book accounts, must payment be madc on e assets just as though it were h divided or not? . (c) What are exemptions for single man and married man, and how much addltional for each dependent child? (d) 1f net income is a dollar less an family exemptions is a man re- from making income tax report then A. (a) Partnership return is for in- formation only. The firm pays no tax. Each partner shows on his individuai return his pro rata share of the prof- ite shown on the firm's return. (b) Whether profits are distributed or not they must be shown on the partners’ individual returns. (c) Sec article XVI. Space is mot available for endless repetition. (d) $1,000 or $2,000 are the only tests. 2o Q. (119)—I am married. living with my wite, and have one child fourteen vears old. My sales for 1921 were $9.669.45. I received interest from fourth liberty bonds, $637.50. Interest from savings account. $ 1 paid for merchandise $6,199:26. Expenses. $1,742 My inventory is same as last vear. Must I make an income tax return, and, if 50, how much will my tax be? ‘Aleo please tell me what is meant by Grain, Produce AOCAL WHOLESALE PRICES. Eggs—Strictly fresh, selected, per dozen, 29a30; average receipts, Live poultry—Roosters, per 1b.. 18; per 1b. 40a45; chickens, g. per ib. 32835; keats, yOUUE, 50a60; fowls, 26. - 2 Dreesed poultry — Fresh - killed spring chickens, per 1b. per 1b, 28; roosters, turkeys, per Ib., 35ad each, 60. e Pork—Dressed, small, per 1b. 12% a13; heavy, 8all. Live stock—Calves, choice, per 1b. 12; lambs. choice, per Ib., 12a13; live Hogs, per Ib., 11. Green fruits—Apples, per b 1L.50; per bu. ba.qkpl.‘ g.‘?o;:s ern, 584.50. e 00650, California r crate. 5.00a6.00. Grape- a oranges, 4.50 26.00. Tangerines, 3.50a4.50. Vegetables—Potatoes. No. per sack, 3. 90. 3.00a4.00] Lettuce, southern, per crate, 2.0024.00. Romaine lettuce, 1.25a2.00. Cymblings. per crate, 3.00a4.00. Spin- ach, per bbl, 2.00a5.50. Onions, per 100-1b. sack, 8.00a9.00. Cabbage. 2.75a 3.00 per cwt. Cucumbers, 3.0026.00. Eggplants, per crate, 4.00a5.00. . To- matoes, per box, Florida, 3.50a5.00. Beans, 2.50a4.60 per basket. Sprouts, 25a35 per quart. Peppers, per crate, 3.0024.00. Kale, 1.50a2.00. DAIRY MARKETS. BALTIMORE, February 27 (Spe- cial).—Live poultry—Turkeys, Ib., old toms; 35; poor and ‘crooked breasts, 28a3 young _chickens, 30a 35; thin and ewaggy, 23a24; old hens, small and white leghorns, 24a old rposters, 17; ducks, 25a35; geese, 22a30; poor and thin, 18a20 pigeons, 35a40; guinea fowl, each, 30. Dressed poultry—Tur- keys, 1b. 38a45; old toms, 35a36 young , 18, geese, sprin 20: per young, keats, box, oranges, rooster: 27a30; _old capons, 30a35; 30a42; dutks, 22a25 Eggs—Loss off, native and nearby, firsts, doz., 28; southern, 27; duck eggs, 40. ggulter—creamery. fancy, lb., 38a39; prints, 38a40; nearby creamery, 84a35; ladles, 24a26; rolls, 20a23; store pack- ed, 18; dairy prints, 20a23; process butter, 28, CHICAGO, February 27.—Butter, higher; creamery extras, 361¢; extras, 81285%; seconds, 28a30; standards, 35. B Lower; receipts, 21,647 cases; firsts, 24; ordinary firsts, 20a21; mi cellaneous, 22a23; poultry, alive., u changed; fowls, 27; springs, 28; roost- ers, 18. NEW YORK. February 27,—Butter: Firm; receipts, 6,631 packages. Creamery, higher than cxtras, 37a37%.; creamery. extras (92 soore), 364 a36% munarykl'luu ‘(asi'u;“!‘i‘l score), 32%4a36; packing stocl - ¢ *N . f 2015a21. receipts, 16,521 cases. thered extra firsts, 31; do. firsts, 20a30; state, nearby and nearby western hennery whites, firsts to extras, 36a42; do. henmery browns, extras, 33a34; state and nearby gathered browns and mixed colors, firsts to ;x‘t;’?s. 29a32; refrigerators, seconds, 25a27. : Cheese: Steady; receipts, 1857 boxes. State whole milk, flats, fresh, specials, 20%a21; dos average rum, 193%a20; state, whole milk, fresh, twins, speclals, 20a20%; do. average run, CHICAGO LIVE STOCK MARKET. CHICAGA, February 27 (United States Bureau of Markets).—Cattle— Receipts, 16,000 head; fairly active: beef steers and she stock strong to 15 higher; top beef steers, 9. sork, Sl S S s ors st ly's & . bulls, 4.85a5.85; bulk bolog- 4 . Hogs—Receipts, 58400 head; mostly 10 to 20 higher than Baturday's aver- lighter welghts _active, others big packérs holding back; top, 10180 ’g)ounl average; bulk, 1 15; pigs, 25 to 49 higher; bulk. irable 100 to 120 pounders, 10.00a 1050; ptrong welghts up to 10.75210.85. Shee] eipts, 24,000 head; slow fat lambs Wi tp 25 lower; sheep steady; lamb, top; 16.00, to shippers and city butehers for selected lots; choice 87- poun'd yearlings, 13.75a14.00; _choice ghorn ewes, 7.75, with heavy end off at I Fresh BTk Fel 27.—Prie ,PAmsr. m\:rhnwA —Prices we: per oent tes, 67 Fa iy 5 centimes. m 10 frapce $9% 32a35; hens. | ; bulk, 7.50a8.33; bulls | yq A. Your net income is less than 2,000. Your gross income is less than $5,000. Accordingly, you must not file a return. 1 believe that the commis- sioner 1 define gross income in your case as the excess of selling price over cost. Form 1040-A is based on this holding. Your liberty bond in- terest appears to be entirely exempt. Q. (120)—I am an aetor. I support my mother and a home Iin New Jersey During my periods of employment is impossible for me to live at home. Am 1 allowed to deduct my expenses for lodgings and meals during the period that T am away from hom which are in the excess of similar ex penses that have to be paid at the same time at home? A. Even better. Under the new law you may deduct the full cost of your jodgings and board whenever. in the pursuit of your profession. you are necessarily away from home. )—With your usual courtesy ur article: Our corporation (dome; tic) owned but one piece o tate, which cost in 1918 $185 was ‘sold March 1, 1921, for cash received, $52,000; semi-annual i stallment mortgage for First instaliment of $1 1 in 1921, making a total cash in 1 of $64,7560. The question is, how much of this $64,750 should we return for federal and excess profits taxes in our 1921 return? A. 1 assume that the mew regula- tions relating to installment sale will be like those promuigated under the 1918 act (see articles 44 and 45, regu- lation 45). ordingly, I am of the opinion that you will be permitted, if you so elect, to report a proportionate part of the total prospective profit during each year. This proportionate part is obtainable by applying the fol- lowing formula: Part of purclase received _during price sear _ of total profit. 1 G your articles evy evening regarding federal income tax, and as far as I understand from vour examples this is the rule regarding a married man living with wife - sonal exemption. ,000 and $400 for each dependent. Now, according 1o the income tax blank I understand a mar- ried man’s exemption is $2,500 and 1$400 for each dependent. (a) Which is correct, $2.5007 (b) This is an account of my in- come for 1921. Will you tell me whether I must file a return? Balary S SRR Interest from savings banks Interest from Stocks..... $2,000 or .$2.577 400 40 $3.017 Deductions: Personal exemption. . Two dependents. Contributions Taxes . $3,395 (¢) Under last vear's (1920) law 1 paid a small amount of income tax. Am I required to file a return under the present law? A. (a) The exemption for a married man is $2.500 if his net income does not exc $5.000. If it does, his ex- emption is $2.000, (b) - You must file a return, but you pay no tax. and Live Stock | GRAIN AND PROVISIONS. | BALTIMORE. February 21 (s | cial).—Potatoes, white. 100 pound 1.00: 150 pounds, 2.00; sweets and barrel, ; No. 2, 2.00a 2.50: bushel. 5: " No. beans, hamper, 4.00a5.50; beets | 4a6; cabbage, hamper, 1.60a rots, unch, 2a6: caulifowe: | 1.7522.50: celery, dozen, 80a1.2 | 2.50a3.50: cucumbers. eggplants, crate, radis 1.00a1 Lettuce, basket. 1.30a3.00 100 pounds, 6.00a8.50; No. ovsterplants. bunch, $a% parsnips, bushel, 75a90; peas, hamper, 5.0026.00; Deppers. crate, 3.00a =pinach, bar- rel, 2.00a5.50; squash, crate, 4 tomatoes, crate, 2.5045.0 basket, 35a40. Apples. packed. barrel. No. 2. 5.00a6.50: bushel. 1.50a2 . 2.25a4.00; cranberries. 00a40.00; grapefruit, box, 2.50a3.50; oranges. box. 3.50a5.00; tangerines, ftrap, 5.00a.00; strawberries, 40a5 onions, 3.00a5.0 quart, ELLING PRICES AT NOON. Wheat—No. 1 red winter, spot, no quotation; No. 2 red winter, spot. 1.50; No. 2 red winter, garlicky, 1.47 asked. Corn—Cob corn, old, yellow, quoted 3.50 per barrel; comtract corn, 73%; No. 4 corn, spot, 72% per bushel; track corn, yellow, No. 3. domestic or better, 75 per bushel. Oats—White, No. 2, 48a48% per 3 72471 per bushel. 95a1.06 per bushel No. 2 western® export, spot, 1.16 nomi- nal, per bushel; No. 3, no quotation. Hay—Recelpts, 24 tons; 18.00221.00 for good othy and mixed, hay;: Straw—No. 1 rye, No. 1 wheat, tangled, nominal, 10.00a11 CHICAGO, February 27.—New higl price recorde for the season wer attained today in the wheat market. May delivery at the opening jumped to within 3 cent of $1.50 a bushel, {the goal to which bulls some time ago had directed their efforts. A fresh advance in quotations at Liver- pool was the principal incentive for today's upturn here. Free selling to realize profits ensued. The opening, which ranged from 3 cent to 2% cents higher, with May 1.48 to 1.49%% and July 1.25% to 1.27, was followed by a moderate setback from initial top figures. Corn and oats ascended with wheat to the highest prices vet this_season. After opening unchanged to % cents up, May 69 to 6913, the corn market scored moderate gains, all round. Provisions were lifted in value by the advance of grain and hogs. Potayoes—Steady; receipts, 39 cars: total United States shipments, 45! cars. Minnesota sacked round whites, 1.70a1.90 cw ‘Wisconsin sacked round whites, 1.80a22.00 cwt.; Minne- sota sacked Red Rivers, mostly 2.00 cwt.; Colorado sacked Red McClure: 2.50 cw! Idaho sacked rurals, 2. 2.15 cwt.; Idaho sacked russets, 2. 2.45 cwt. Later, May wheat touched 1.49%, ‘but the gains failed to hoid .in the face of heavy profit taking and of snow in the southwest, giving fur- ther relief from drought. The close was unsettled, 1 net lower to % ad- vance, with May 1.47 to 1.47% and July 1.25 to 1.25%. Slowness of export demand led to setbacks in corn price later. The jclose was weak, % to 1 net lower, with May 67% to 67%. n. High. b range is to choice tim- Low. Close. & 149% 147 14 L 126% 127% 125 1 o 70y Ty 63 Bu BEOWE WY NEW steady; spring clears, Al 6. ghts, 6. 76; straights, 7.25a7.75. Buckwheat, Canadian, 2.40. Pork, stead: m family, 27.00229.00. B Lard, firm; middle west, 12.45a12.55. —_— WILLIS OVERLAND MOVES. TOLEDO, Ohio, February 27.—The executive offices of the Willis Over- » which for years have 51 .26; soft win hard winter American and at_32 Vanderbilt . Co. hants® Trai Toledo, H':“v:ur Hufllsn the )it Buieh Maree: TRADING IS ACTIVE; Q. ( kindly answer the following through | he balance. | NEW HIGHS SCORE Steady Buying of Rails, Oils Equipments, Shipments and Specialties. February and hroad movement of popular further subsiantial opening of today's stock mar Railx, motors und oils continue ri everal of 1 l:ndlr_\ transportations, Studebaker and Sinciair, records for the year 5 Amex: an Locomotive - ric, merican Woolen and Marke Street Railway prior preferred ros 1 to almo. 2 point. Foreign exchanges were by the preliminary quotations latest developments in Anglo- relat -k , General Ele bec during the m 1 last ok, Gulf States an ng 1% to 2 points more than offset, ho by steady buving of rails, oil mentx, igs and anadian Pz acific, Missouri Pacific preferred, Pere Marque hicago and Alton gained 1 ndard Oil of N\ Petroleum, Duteh Shell Stores and « similar gaius. Call moncy opened at 5 per cent Buying Ix General. buying nent I ‘alifor: The move traordinary rise foreign exchanges, with = 1ts more and with w high records for all oth neous advance in the foy-| ies was accomplished ¥ an enthusiastie demand for for government both those in in London aris and the ns in New York ¥ general buoyancy pviction that even t upward moven s had not ssibilities of w suggested hy E the first of 1l onerations in all th in-a large ox- signi- [ avai eROYTOE far from exhaustion, despite the mous drafts upon themn durin erty bonds went higher, espe- cially the third 4%. Cail money was still maintained at per cent arly all the brokerage advices which went out from Wall street thi morning were bullish on everyth but the steels. This group wa eriminated against on disappointment felt at the passir the Republic Steel dividend and th accompanying _statement thy company, despite the apparent turi for the Detter in the stecl trade, wad still not operating in black fig There was heavy selling-of Crucible, Republic and Bethlehem B ather sharp break in Lac Steel common, selling ex-dividend of 1% per cent, held its ground better ;;g did not resume its place of leade: shi Until today copper shares had no articiputed 4n the bull swing whic has been in progress for neariy month. They had hung behind be. cause developments in the coppel trade were disappointing. Insteud of the 15-cent copper talked of ar Christmas time, the metal had going ¢ steadily since the of the year—from 14 to 12% cents] However, there was prompt resp today. when announcement came thi the Inspiration Copper Company had resumed the production of concen trates. Aithough Lefore the that it will be three piration reache the mnew be recomn It wa he judgment t ditions were better and that this would soon the price ot the metal. they s - be shown I American Securs at 23135, 3 at 1 it A ity a .10 u TE Bid and Asked Prices. PUBLIC I:'I'ILITY.” c. of v Capital Traction R. R City and s . Power g. m g m. & ref. 7 nd Mt. Ver. . and Elec. 4s.. Elec. £ @, MISCELLANEOUS. Riggs Realty 5 (long) Riggs Realty b S Washingtea Market Washington Market W. M. Cold Storage 5 PUBLIC_UTILY . and Te) and ATIONAL BA' American Capitsl . Columbia’ Commerce District Lincoln . ational Metropolitan Riges Americas Arlington 10% Corcoran 115 Firemen's 8 National Usion 7 TITLE 3 Columbia Title 5 Real Estate Title % MISCELLANEOUS. Columbia Graphephone com. Dutch Market pld.oemesen codboammoass