Evening Star Newspaper, March 13, 1922, Page 18

FINANCIAL. e veencsor ONTROLLER SSUES FIRST CALL OF 1322 BY JAMES R. RECOILD. Special Dispatch to The Star. + FORT WORTH, Tex., Mgrch 13.— Asks for Condition of Al Banks in ihe District at Close March 10. Buying and selling of cattle increased The controller of the curremcy is- tremendously in volume in the last week ‘throughput the southewest. A sued the first call of 1922 today for the condition of ail national banks better business spirit has developed &nd other banks in the District of In the ranch country in cansequence. In south Texas one buver alone w Columbia at the close of business on Friday, Mareh 10. TAR, WASHINGTON, conclude Eh torles. N QUESTIONS AND ANSWERS. Q (167)—(sd I had an income of $5,460 during the year 1921. I have & wife and four children under eighteen ears of age. Am buying' my own iome and paid $540 Interest onymort- gage; o $131.23 city taxes on fh iscussion of tmveh-|subject (§5.000 or less in each lssue)?| (% To what tax are such dividends as U. 8. Bteel common, ot Telegraph, Standard Oil N, pre- | under the following ‘circumstance; ferrod, Home Insurance, etc., subject%| inherited a home in 1915 and paid the (d) I agsume that mort; a | federal authorities inheritance taxes on corporation bonds (i. e. Standard Oil New York, New York Telephone Company, - Telephone and Télegraph) are subject to both normal and surtax. Is this correct? A. (a) 32,000, (b) None at all. (c) Surtax only. = ‘5;1) Yes, the interest is fully tax- # 2 al Q. (189)—About April 1, 1904, I sTEned a contract to purchase, by monthly pay- ments, a building lot In Brooklyn. The price was $1,750.. 1 finished paying April 1, 1917, after paying in $3,100. Taxes und aszesaments amounted to over half of the difference.between the purchase price and the total, the balance belng interest charges. There was no mar- ket for the lot, 5o I had to keep It and continue paying taxes and asscasments and suffer the loss of interest for four fore" or"atter such pale or-other dis position the taxpaker has acquired ¢ e..¢ gubstantially fdentical: prop- erty, and the property sp acquired is held by the taxpayer for any period after such sale or dispositidn. As T stated 'before, ‘oniy Gealers in securities are permitted to inventory their holdings. Where ‘holdings are|house. I also paid ¥161.34'inco; thus 'inventoried, "cost or market, g:“l'he goverzment and 1ll.nng‘: ::: whichevor ‘{8 lower,” governs. It 18l gtate for the year 1920. Can I deduct ‘ comparatively: easy, ordinarily, to de- a]l the above $4,100 for myseit and termine the- market value of securi-|family? - 2 ties on the basis of stock exchange or| (b) When making out stats tax simllar quotations. 'Where, such quo-|form can I deduct the amount I pay to tations are aot available the meth- | the government for taxes? J ods cmployed to ascertain market| A, (a) On your federal tax return wvalue are those which have proved|you may deduct all of the expensmes actical in.connection with apprais-|listed above except federal income s for inheritance tax purposes. Al-|tax. You are entitled to an exemption though it is not difficult generally to|of $4,100. ¢ determine the market value of se- ) curities, it {s° much harder to decide ERAL INCOME AND EXCESS PROFITS TAXES Ceonducted by DR. JOSEPH J. KLEIN, C. P. A. (Copyright, 1922, by Joseph J. Klein. AIl rights reserved.) . questions should be addressed to Dr. Kieln, in care of The Star. To receive atten- enn)lnlflu‘l must be signed. Dr. Kiein's answers whl pet reveal.the identity ARTICLE XLIV. ‘Would thi: was not a transaction profit. You will note I did not buy the house, but inherited it. - ; A. You may deduct as a loss the ex- cess of the selling price over the fair market value of the property at the time of inheritahce (less proper depre- clation). Washington Stock Exchange tion, all It became the custom to “register” One of the special applications of losses at the end 9( the year. The nventories is to dealers in mecurities. | USual process of so registering a loss .|was to s:ll one's securities toward e ordinary investor is not permit- | CS [0 TR0 RIS L r¥and efther im- h ed to take into consideration the|rnsaiately prior to: such sale or arket value of the securities, at the mediately thereafter to purchase similar secu! es. ‘or 6 purpose O 84 of the year, nor to determine his | similar securities. For the purpose of profit or loss. Since the enactment|pen 23 1321, section 214 (a) (5) and ue act of 1915, losses n-umnj section 234 (a) (A)Twhor- incorporated in the market for 100,040 head of e tle and in the panhandle, 30,000 stecrs were sold,by ranchmen during the week. All of these were sold ta men who will move' them to western pa: e tures for further fatening and fin 5 marketing. e stock men, in addi- | Mergenthater Linotyne—io at 145, 10 at 149, | tion to impwoved demand, are con- R, ok doat e lap et fronted with higher prices’and a ris- AR CALLL Wheat and corn prices are higher, Toay ogtos Rallway aad Klectric pid—10],, ‘are those for hogs, and the agri- . (168)—(a) What is the e loqfli(.EOUT Is it $2,260 for a 3 man? (b) To what tax, it any, are the from all lawful transactions entered [in the law. provide: that| whether a ‘given individua] or cor- no deduction shall be’aljowed “where | poration is a dealer in securities. To- nto -for profit have been deductible.’ ¢ appears ¢! discussion of this topic will 1liberty bords other t| victory bonds | years mor: A N 2 e. April 18, 1921, 1 sold out | ™o vl 1poge, 10 at|cultural situation has been :nade 100 - for $3,100. Taxes and assessments dur- uggf’fl i oupe—10 at 140%. 10 at| C0 TCent brighter by the heavy snow-| The Previous call of the controller lnf these four years alone amounted to ‘ashington Gas 7%s—$1,000 at 106%, $500|fall of last week, which was none 748 for December 31, 1921, and While 3240, The loss of interest on $3,100 dur- | at 1 the less beneficial because it ceme so : SIIParative figures for all local finan- Money—Call loans, 526 per cent. BONDS. Bid and Asked Prices. ing_four years when securities could be bought to yleld 7 per cent would amount to $800 or more. Without 2dding to this, the lows of interest on i the money paid in during the thirteen i years from 1904 late in the season. three or four banks of each class, se- lectod at random, indicate increases in deposits as.of conditions at the last Wool prices have advanced for the Texas producer. The wool grower is now recelving & cents a pound more to 1917 would probadly Rid.” Asked. | than he got for his clip in 192L Mut- | &/ make it another fl.o\w- “l‘lmr: !::; American Tel 88% | ton sales along the border were heavy | Heavy Governmenmt Withdrawal. 100 ilast week, the larger portion of the "“g% stock going to Illinois interests. Most .| of them will be.shipped north for fat- ening. by selling at $3,100 T 1088 of -no less than $1,000. Can I claim axemption on the strength of these facts, and, if so, how must I go about it? &ive $4,100 as the purchase price of the lot? The United States Treasury will call upon the depol‘l.tory banks for repay- ment March 15 of about one-third of - Save ~ IERRSRE 288 e bl H . foyernment deposits made with them % bPotllt'oen and cabbage were damaged | Feruary 1 lact P 5 o8 ~ % You must take your actual pur- week’s blizzard. Cotlol | The purpose of this heavy with- : 4 rice of the lot (unless jts March y are expected to increase|drawal ik to meet Tre ] iz Youn Teeth fiom Gnt §,1812" 'value was greator), and deduct s eage in Texas somewhat this | of certificates on ;!::Z-T:;Fflr:: S 1t from your selling_price o determine | Me Ay February 1 deposits referred to ars ) ¢ i - Thur u’:h"l gain: ‘ad‘w': m}g% hn'v‘re::l"i 2% B Id Conti Acti those resulting from the sale on that * 101 e Increasd y intere! i \ {aon acitally patd or ccrued 5P Lo 28 uilaing Continues Active / f \ ¥ March 1, 1913. recent decision of the 105 i f $601,599,1 - E hild k hen its teeth and r O S g R 2 Despite Labor Troubles ot 363,°¢;(e,ree siotiea tarossh "eb. 6, o ven a Cl ;. KNOWS whnen 1ts tee and gums are e i i BY LYNNSC. SIMPSON. Catted States Of Pro@wction. i 4 . 8 p s to cost (or March 1, - Bpecial Dispateh to The Btar. The United States produced 469,639 abused by harsh, gritty, soapless’ tooth pastes. e e T e L % e gryee g MOV L T Tl ST td I deducted in the taxpayer’s returns. The % “lsudden halt has taken place in the|Of the world's total, according to estimate of the American Petroleum validity of the decision.ls questionable. Q. Institute. (170)—~Would your income return boom for {nvestment securities. This The most effective and trustworthy method of ; keeping children’s teeth bright and smiling is the use of a gentle,“washing” non-gritty dental cream. adviser Ict me know through your col- | umns If it 13 necessary to make a return Wwhere the total gross income Is $4,56007 . No, unless you have a net income of $1,000 (or $2,000). of this series, X Q. (171)—1 dissoived parinership on August 31, 192}, and on September 1, 1921, I entered into a new partnership 8ee Article XXIV i- '(Am!flfln Tel, and Teiga may be explained in part by the ap- .{proach of the date for Income tax - |settlement. There has been a marked decrease in trading in stocks here and money is a little less easy than it has been for some weeks, although there is no change in interest rates. The lull is regarded as a liealthy sign. Building continues active, although labor disputes in some districts have PURLIC UTILITY. . Bteami . Rry. and Elec. com. Elec. ‘pfd At some points | Ci8l institutions will not be available the snow was thyee feet deep. for several days, statements from Production for the entire world last year was 759,030,000 barrels, com- pered with 694,554,000 barrels in 1920. Lust year's was record pro- duction, an fncrease of 9.2 per cent over 1920, Mexico cxceeded any previous year with 195,064,000 barrels, compared h 163,540,000 barrels in 1920, or 25.7 per cent of the world's total. agreement, with a different partner, but using the same firm name hefore. How should. 1 file my partnership re- turn and my. individual return? A. File individusl return, as usual |{ but file two partnership returns, one for each of the two firme. £ Q. (172)—My wife died about the | Fu middle of the year 1921. What. exemp- tion have I? Am I allowed fo deduct the lllnel‘lx. a m Production in the United States and Mexico combined, 664,703,000 barrels in 1921, represented §7.6 per cent of the world total. Figurcs for Ruseia are incomplete, but are estimated at 25.500,000 bar- 1s, about 2,500,000 barrels over 1920. Russia tains third place. Official figures on Dutch East In- dies production are also Jacking, but reports_indicate little change from 1920. Persia’s unofticial production, estimated by the institute at 14,600.- 000 barrels, is about 2,250,000 barreis acted as & check. The demand for in- creased housing -and office ‘acilities 'throughout the . district cannot be long denied. The movement of early vegetable crops to market has been delayed to some extent by the unusually cold weather. Asparagus is particularly slow. This will curtail total ship- ments. A sharp revival of charter inquiries has improved the shipping situation for the time being and subsidy propo- sals also have been a factor in bright- COLGATE'S CLEANS TEETH THE RIGHT WAY “Washes* and Polishes —Doesn’t Scratch or Scour - - NATIONAL BANK. T1S A DOUBLE ACTION DENTIFRICE: (1) Loosens clinging particles. " ~ (2) Washes them away. ’ tain the right mouth conditions. Correct-in Practice. Today scien- " tific dentists know that hnrsl- drugs you have dependent children or other] 1 dependents. TRUST COMPANY. 3 s . 5 American Security Trust. D 3 o . (173)—I am a subscriber to vour | C ening the outlook for shipping. The{greater than 1920. Semiblem"l’heor%. Yogcaz tc!l)el:t ami cl:e,mma!s harm mouth t(i:mm e o paet . subseriber to vour | Coatincatal Trast FrdeEeniint prune SrotiIE AT pral” | SNoneiutlan Droduction for Tert is CO! ( b R]bl)()[) ])ennl ,réam on_ “Incoma Toav." ftam 21, “that the tically out of the market, leaving 078, arreis, or TMOD : SENSCAWHED, DACKS y gate s growers’ assoclation in control of { more than double the 465,9v6 barrels does not contain themi. Authorities agree that a dentifrice should do only one thing—clean teeth thor- oughly. Colgate’s does this. No false claims are made that Colgate’s possesses any other virtue, but it * does possess this one in the highest _ degree, and in a higher degree than any other kind of dentifrice. : produced in 1920. Stock Exchange Banquet Rapid progress is being made by the committee in charge of arrange- ments for the annual dinner to be given by the Washington Stock Ex- change at the New Willard Hotel April 1, according to Eugene E. Thompson of Crane, Parris & Co. Mr. Thompson said today that the affair would surpass anything of its kind cver attempted by the exchange and that the list of speakers, which will be announced shortly, would contain men of national reputation. V. W. Spaid of Hibbs & Co., chair- practically all the stock on hand, The sharp advanCe in prune prices has been followed by renewed demand. -{Commodity Reports From Various Sections Fixh. SEATTLE, March 13 (Special). 1t is expected that the iced and boxed British Columbia halibut shipments, which moved in _heavy quantities -llast year from Prince Rupert to American easterri cities, will be di- verted to other markets if the pend- modern science. Healthy saliva is . _ practically neutral, sometimes . ¢ slightly alkaline. Colgate’s Ribbon Dental Cream is mildly alkaline, - practically neutral, and cleanses without disturbing nature’s bal- ance. Avoid dentifrices that are strongly alkaline or appreciably acid. Colgate’s helps to main: M= e LS e 'l---—_.—-_-..-.- amommesnes s American Firemen's National Union . = Real Estate ORII‘NTAL Buperstition ? — Per-; baps so—butat least an interest- | g Columbia Graphophone com . ing relic of Asiatic Antiquity.! 2 1 5 man of the cntertainment committec, . Colimbia Graphophone nfd. . 13 ng tariff measure is adopted. The|Mman of ec, . Alloged by the Chiness to be almost’ | | £C "Faper Atz Co..... 12 13 ldah entered the United States duty|is In New York on a business trip, uncanny in its D. C. Paper 2 free last year. and it is said that while there he S v ‘wearer, GOOD Morchants' Transfet and Stoiage 0. will personally invite many of the lergenthaier, Livotype . t noted financiers of country. ate’s cleans teeth thor- Bt el W on. most moted finan € country KANSAS CITY, March 13 (Special).— Qil experts gathered here declared to- day that the oil supplies of the mid. | continent fleld had hardly been taj ped and that in drilling operations were going deeper and finding more oil all the time. B Col, oughly —no dentifrice does more. A LARGE tube costs 25c—why pay more? DRY GOODS MORE ACTIVE. NEW YORK, March 13 (Special; There was a slight increase in ac dry goods market to- day business in general was confined to small lots. —Offers slightly below the prevailing quo- tations for the wider print cloths found mills firm in their demands The continued demand fer three-yar sheetings for export had relieved that section of the market from weakness. Pajama checks, - drills and sateens were dull, but there was some busi- ness in shirtings. The narrower print cloth constructions * continued in_fair demand. ‘The silk market was very dull, but prices were fairly firm. In the fin- ished silk goods some business was recorded in sport silks and ribbons. WOOL MORE ACTIVE. BOSTON, March 13 (Special).— Slightly more activity was man| the wool market here today. The re- cent arrivals by vessel from the Pacific coast have given the wool trade some- thing to work on, although the bulk of these were already sold and did not come on the market.. Fine, fine medium staple and clothing wools and half bloods still are very scare, and prices in general are firm, with little change. Tops and yarns were firm. The shear- ing in Arizona has been put back by bad weather. and little contracting has been recorded. Growers are hclding out firmly for 40 cents a pound for fine and fine me- *Ex-dividen NEW YORK, March 13.—Unexpect- edly steady Liverpool cables and Grain. 5 prospects for further rains in the| DLTROIT, March 13 (Specia) — eastern , gave e cotton market; while holding of grain by, Michigan here a very steady tone during to-|farmers is not o marked this 3-!c:r day's early trading. There was con- g last, the total is still more-than derable realizing at the start and|pormal. The state department of ug- some southern selling, with the open- | ricylture estimates 23. per cent of the ing mwet 2 points lower to 2: points|1321 wheat crop and 38 per cent of the higher, but prices steadied up after|oat crop still i8 in the hands of the publieation of the eastern- bLelt|gyrmers. = - forecast. with active menthis. 200 > H 3 g HTe { showing net advances-af 3 to § polnts. } n - e o e | May sold at 18.08 and July at 17.33. S eotd tattaions For saje ]| Crivate cables said that Liverpool in Washington at— had opened easier, because of unset- I tled political conditions, but that of- ferings were light and that prices had rallied on reports of a-better Chas- SChwal’tz 1 trade in Manchester. Futures opened & Son 18.30; May, 18.08; Jul December, 16.: D : Steel. 5 708 Seveath St. NEW ORLEANS, March 13.—After| CHICAGO, March 13 (Special).— 313 M St rising § points on the opening call in | Pig iron is holding firm in this mar- sympathy with .oo5° vll‘l\wrnoo,; ket at $20, Chicago furnace. Demand Beautiful cables, the cotton market today fell { from Wisconsii -lnd\l!!lnoll foun- o In Saul’s Addition Lumber. SEATTLE, March 13 (Special).— Lumber production in the 125 mills of the Coast Lumbermen's ‘Associa- tion iz running about $0,000,000 feet a week. This is 12 per eent below normal. New business’ is about 15 steady: -March, |per cent below mormal production. 17.30; October, o 10ff to levels 3 to 5 polnts under the |dries is increasing. close of last week on reports of. rains| NEW YORK, March 13 (Special)— In west Texas and Oklahoma. After | The demand for cast Iron pipe is im- May traded down to 16.69, the market | proving. The department of water, felt & new demand, based on & pri-|gas and electric supply of this city vate bureau report, showing Amer-|opened bids today on 580 tons of 6, ican consumption during. February of | 12, and-16 inch pipe. . - 439,000 bales, against 335,000 during the same month 1ast year. May rose T Meats. . :.w:'lclh‘ lga;l‘l::”l‘l:.t‘ 8tood |+ 1 yERPOOL, March 13 (Special). Demand for American bacon has be- Just Fintshed 1238 Cettenden Su PR e e, onarchyl come very quiet ‘while imports are O Dadimber, 1015 & liberal.. Prices, however, are fairly LIVERPOOL, - March -13.—Cotton— | *1629%". dium wools of the Utah type, with buy- ers unwHling to meet those figures. Texas fine twelve months is quoted at $1.05 to $1.10 scoured, with fine eight Spot in good demand. byt business moderate; prices steady. Good mid. dling, 11.20: fully middling, -10.9¢ middling, 10.69; low middling;: 9.79: good ordinary, dit Sales, 10,000 months at 90a95 cents. —_— DIVIDENDS. Stock of Record. Machinery. . SAGINAW, Mith., March 13 (Spe- clal).—Pere Marquette ' shops- -here 8, reopencl today. under::the manage- including 6,000 | ment of the Kellogg-Crego Company American. Receipts. 8,300 bales; all|of Chicago. While the arrangement American. Futures closed . steady { does not give work to any additional March, 10.47; May, 10.38; July, 10.21; | men, it is believed that steadler em October, 9.82; December, 9.63; Janu- | ployment will result from placing re ary. 9.65. 3 * pairs of rolling atock in hands of a - : private firm. U. S. WORLD BUTTON MAKER. : Hides. NEW YORK, March 13.—The world | . NEW YORK, March 13 (Special).— has apparently turned to the United | It is reported here that.there have States for its buttons. 8ince the war | been large shipments of hides re- this country has exported $16,000,000 | cently direct from China to Europe. in buttons to more than eighty coun- | Dry hides are in small demand in this tries and colonies, "acéording to the | market. N = Natlonal City Bank. Of pearl buttons alone direct sales were made to sixty countries and colonies in_1920, the bank's experts declare. The. trade record adds that Japan, always alert ed elopments in the also has tremendously her button dutput of recent specially that of pearl but- PARIS BOURSE IMPROVES, 3 1. Case, q. pt. 31 5 Cl‘ue" Peabody & Detroit Bdisen Cu. g. $2. .Mar. Minneapolis, S "l\:: & Baulte T | P T RIS I STEEL AND METAL OUTPUT. NEW YORK, March 13.—Practically all visible factors of the steel indus- try show improvement. The steel ingot production in February gained 148.863 gross tons over January, Or & little over 9 per cent. The output for the month totaled 1,742,345 gross tons for the thirty companies report- ing to the American Iron and Steel Institute. This would mean an esti- mated figure for the entire United States of 2,069,293 tons for the month. Pig Iron production in February showed a gain of 5,151 tons a day, or as 58.214 tons daily in February, com- pared with 53,063 tons daily the month before. Total pig iron pro- duction in . February was 1,629,991 tons. The United States Steel Corporation is now operating at slightly better than 60 per cent of capacity. Judge Gary says: “I have seen no substan- tial evidence of & rapid re- covery to normalcy, so-cailed. Prob- ably it is better 0. The natural laws applying to business are grindin slowly, but surely, and will compel. soon or late, stability, progress and properity” e proserity” will be coming on the market by the end of the summer. Notes. e Raubber. NEW YORK, March 13 (Special). Although large sales are now in_ evi- dence, in the rubber market, holders are not pressing sales at present 9.rooms and baf bedrooms, ym, _reception prices. arior, dining room,_ 1, kitchen, cement basement; 'wood fioors Sown- One of the Nicest Houses in the City. Canned Goods. EAU.CLAIRE, Wis., March 13 (Spe- clal).—The Lange Canning Company is preparing_to establish factories in Montans and expand its Business in the west. rentes, 59 francs - f‘hlnn ;!‘l London, ‘l? frll:l,g‘ 10 cen- Co: i mes. ive per cent loan, francs 95 LASGOW, March 13 (Special).— centimes. The dollar was quoted at 11 E?port of Scotch coal is expected to francs 22 centimes. improve materially in the next few capi talize With the “Campbell l defl” weeks. Many ships booked to carry coal tonnkge from Scotch ports still are icebound in- Baltic ports. What impression does a well-ordered office make PHILADELEHIA, March I nte on you? The other fellow sizes you and your busi- - ness up precisely the same way. 3 cial).—The high prices of anthracite coal are being taken into considera- tlon by assessors of counties where 2 anthracite deposits exist.. Assess- <P ol soaistently d that's what Campbell ments for taxation purposes in Cum . Officé Furniture does. It is designed—not on gen- . . eral lines; but. ta.meet varymg specific conditions— giving desired effects; providing exact requitements : —that fit into 'YOUR business. s bt 91,000,000 this year. . : ' Shks. ¢ némm’r. March 13 (Special).—The NEW YORK, March 13 (Special).— |latest report of tl Designing Office Furniture isn’t a trade—it’ i.an art—which the “Campbell Idea” has mastered. “Let - us suggest—and give you prices at the same time. '~ - . "Campbell Office Furniture in every Washington s Office Building. Why? The answer i$ convincing. Out-of-town buyers have been in the | ers’ Association years, tons. WARNING! : Always say “Bayer” whenyou buy - Aspirin. - When you see-the name “Bayer” ‘on’ tablets;. you -are- gettmg genuine Aspirin prescribed by physicians over 22 years and proved safe by m»_i_lli’ons er, o e e s, Colds gia: , Toothache = Neuwtis ~ Lumbago. . Pain, Pain- Accept ‘only “Bayer” package which contains proper directions. . Aspirinls trade mhrk of Baygr Manufacturs of Monoacsticacidester-of Bdlicylioacia TR SRS B s : o0ds in the last few days: Qe | Ployment this yvear. There Shine 16 leading all other silk fabrics | 188,000 men employed. A_year ago in popularity. Sport -silks, taffetas|there wére 91,000 men at work. and messaiines algo are in demand. | (NELLSVILLE. Pa, March 13 (Special).—All freight records were exceeded by the Connellsville division of- the Baitimore and Ohio railroad fa February. There was an increase of 19 per cent over January and 51 Per cent over February, 1931. MINNEAPOLIS, March 18 (Spectal). Municipal construction planned by this city during the present year will total $7.500,000 aud will give work to 7 i ¥ - KANSAS CITY, March 13 (Spectal). eagacne € 4.2 eumatism - —The $7,000,000 airup refinery of the 3 b e hae . Corn Products Company. at - morth 2 Kansag.City has'been put in opera- : tion with 800 employes.. The plant will use 20,000 bushels of corn & day, and cattle feed will be a by-product. market fof' good qualities: of silk | marked the largest increas _Corona Typewriters - - cepper.: .| 50 men. ' Street Improvements w 2 e . e 3,100,000; schools, $2, 724 w s‘-N'w e DV YORK. March,13; (Speaiyiie t T T.000. and water supply. The copper situation in the .market | parks, 5 $500,000. The new Federal Reserve Bank bullding, the first unit of which will cost $2,006,000, will furnish work for 500 mea. hers continues to_improve, with bet- ter inquiry and larger sales. Jt i eostimal that, with mines resumin; 70,500,000 pounds of copper a month H. TALLMADGE - o p Vice President-General Manager - Franklin 5660-5661 [ale——a]olc=o]lc——o0lal——— ]