Evening Star Newspaper, January 14, 1925, Page 27

- CHEESE ADVANCES INLOCAL MARKET Other Wholesale Prices Are ! Steady—Receipts Still Greatly Limited. Clear and warmer weather will be heartily welcomed by market dealers. who realize that improved road con- ditions will mean additional service nd increased receipts of commodities from nearby Maryland and Virginia. There has been au Increase in de- mands for meat products the last day or two and the usual increased de- mand for poultry for week end con- sumers s expected Fruits and vegetables from distant polnts continue plentiful at prices dealers consider reasonable. Mush- rooms have been particularly plenti- ful the past week or two, the price dropping as low as 40 cents a pound. Today's Wholesale Prices. Butter—Fancy, tub, 4 prints, store packed, 20 gs—Fresh, selected, average receipts, 53ass; Cheese—Longhorn 28; mild cream, sharp. pound — Alive, turkeys, pring chicken. ts, youns, h-Killed Spring a50; candled, 58; storage, 4Sa 17 per 15a20; 28a30; a70 each. hickens, roosters, 18 keats, 15a25; Po pound; Eeese, fowls, 2 Dressed, fre §0a32; fowl 70a80 capon; Live s mediun Sprin Meats— lamb, 24; hams, Fruit Today's eact 404 choice, 13al4; 11a12 veal, 12 14a16; loins, lders, oderate; demand teady and up. West inches Stayma aymans, 6 Northwestern, medium Staymans De- old airly ton moderate; market bulk 10.00; new market firm; Fl pointed t A limited, York mostl demand ida moderate hampers pe demand “alifornia | 10 3 type quality pe, Cali- Los An demand fair 1 crates Iceberg Imperial V. Supplies moderate mode 5 Virginia, Norfolk sect -top veneer bar- Washington Stock Exchange saLEs lw‘r:n'. Was $1.000 st 1041 1l foans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Teiga. 45 ... & Telgu. 414s .. & Tel. efl. tr. 5 1. convy. 8. American Tel . Alex ) Alex Ralt e & Anus . Rwy. Rwy. Bouthern Thidg Wash. Mkt. Col Wardman Park Hotel 8s.. STOCKS. PUBLIC UTILITY. American Tel. & Telga. Capital T e Washington Ga.. Norfolk & W Ry 3 Wash, Rwy, & Klec Terminal Taxi com.. NATIONAL BANK Cupital Columbl District . 5 Farmers & Mechanics' Federal-American Liberty Lincoln . National tiggs Second 7 i National Bank of Washington.. PUBLIC UTILITY. Ameriean Security & Trust ... Continental Trust.......... Merchants' Bank v Natlonal Savings & Trust ... Tnjon Trust Washington Losn ropolita & Trust. Commerce & Saving: Fast Washington.... Recurity Savings & Com. Seventh Street.......... Tnited Stater Wasbington Mechanics’ Natfonal U TITLE INSURANCE. Columbia Title. . f Real Estate Title Merchants’ Mergenthal Natl, Mtge, & Duteh Marke Market pfd Lavstou Monotype ity Storage.. Market . 'BALANGE OF TRADE FAVORABLE TOU. 3. Commerce Department Also Notes Heavy Exporting of Gold During 1924. A trade balance favorable to the United States of $977,285,000 for the calendar year 192 s’ shown to- day in Commerce Department figures on the forelgn trade of the Natlon for the 12 months. Bxports in December were valued at $443,000,000 and Imports at $334.- 000,000, leaving a favorable trade balance for the month of $109,000,000. Mot Remarkable Year, Total value of exports for 1924 was $4,588,266,000, with imports of $3,610,980,000. Except for 1919 and 1920, when conditions were left dis- turbed by war, the return for 1924 indicated the greatest foreign trade ever enjoved by the United States As had been forecast, the figures showed a large movement of gold out of the United States during December, exports for the month being $39,674,- 000, compared with Imports of $10,- 274,000 Silver imports for the month 3,000, with exports of $11,- 000 Gold Shivments Explained. Commerce Department officials said outflow of gold, although long contemplated in the shaping of Ameri- \ governmental and banking policy had probably been stimulated con- iderably during December by the re- estublishment of the Germar n system under the Dawes plan, which olves a building up of gold stocks i that country under control of the Reichsbank as we prosperity in India, where the natives invariably purchase of g when till a imports exports of sil imports for were $72,044,000, with ex- $109,891,00 Record total 000 against tal Impor( Total. The import total of $334,000,000 for December was one of the largest en- ntered during the last four vears. table increase which has taken in the general foreign fact that during a normal prewar year were $184,035,000, while re $282.195,000. For “mports were and exports or approxim; comparable Th vl was indi December, the im the exports 191 | $27481.018.000 | sules reported. | Cauliffower { mana n | fornia, | i Supplies rket er , mostly 3.00. Strawberry Demand Ligh String Beans—Supplies moderate; } demand 1imited, market steady: Flor- | ida, %-bushel hampers, green and wax, mostly, 3.50; fair quality, 5.00: ew holdovers, poor quality and con- dition 1.00. Squash—§ demand T, market Florida, peppe crates, white lan m steady Supplies o eraeds app market crates, fancy, mostly 6 Peas and Cucumbers—Supplies very ht; no sales reported Strawberries—No fresh arrivals; s moderate; demand light, mar- Florida y refrigerators quart, de Florida, hand r crates, appers nd moderate, lorida, Overstocked Sale of 15 WILLYS-KNIGHT AUTOMOBILES Open and Closed Models $200 to $400 Lis?grice These Cars are Brand-New and Equipped with the Famous Lanchester Balancer and Balloon Tires. 7 7 222 727 0 Y 7 N trade | pep- | THE EVENING STAR, WASHINGTON, D. €, WEDNESDAY, JANUARY 14, 1925 YOUR INCOME TAX The period for filing returns of in- come on a calendar year basis is from January 1 to March 15, 1925. Coples of the forms have been mailed to per- sons who filed individual returns for the year 1923. Failure to recelve a form, however, does not relleve the taxpayer of his obligation to flle his return and pay his tax on time. The forms are now available at offices of collectors of internal revenue and branch offices. Persons whose net Income was d rived chiefly from salaries or wag and was not in excess of $5,000 should use Form 1040A. The form consists of a single sheet in which space is provided for answers to only four questions; salaries, wages, com- missions, etc.; interest on bank de- posits, notes, mortgages and corpora- tion bonds, dividends on stocks of domestie corporations and other in- come, including income from partner- ships and fiduclaries. On the reverse side are instructions, which if studied will be of material aid to the taxpayer in the filing of a correct return. Persons any part of whose net in- come was derived from business or profession, including farming, or from EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. INVESTMENT TRUSTS. A new form of security has recently been Introduced to American Investors and an active campaign is on to popu larize it. For many years on the other side what are known as vestment trusts have flourished, but it is only very lately that anything of the kind has been attempted in {the United States. The tdea back of these organizations ix simply the old one of diversification of risk made possible by the combined resources of a large number of small capi- talists. The investment trust accumulates a large variety of stocks or bonds and issues its owp securities against | them. The theory that &v it a istake should be made on one or more of the purchases it would be | compensated for in profits on the rest* and that the incoms return from the whole would be reasonably stable and higher than a small in- vestor could are unaided on any ¢ ryative basis fault can be found with and it has worked out well in Great Britain and in some of the continental Iuropean coun- tries, 1t will take some years of test- ing before it can be said that the American adaptation of this plan Will prove as satisfactory, In one re- speot some of the recently organized investment trusts here have deviated from the original. A number of our organizations have confined their holdings to securities in ene group, s, for im re, rails or utilities or {oils. Obviously this does not give the same protection that would be de- ived from a distribution of holdings among many different Industries. Then po, of the new Ameri- can inyestment trusts are not flexi- ble are the original British or- ‘KAIIHZAH’NM\ The latter are allowed lin the dlscretion of the managers | to shift out their investments as changing econditions warrant The matter of @ market also is highly important and should he considered before buying the securities of these trusts. On the other side they have proved so successful that it is an cusy matter to find a buyer if one this th very 2 Easy Monthly Payments YOUR OLD CAR AS PART PAYMENT JusTicE MoToRr Co 1515 14th St. N.W. Expert Advice Given by U. S, Internal Revenue Bureau Based on Latest Changes In Legislation. r rent, though the amount was than $5,000, should use the larger form, 1040. The use of the larger from is required also in cases where the net Income was in excess of $5,000, regardless of whether from salary, business, profession or other taxable sources. The return, sworn to before a mo- tary or other person authorized to administer an oath, must be filed on or before midnight of March 15 with the collector of internal revenue for the district where the taxpayer has his legal residence or has his prin- cipal place of business. Heavy pen- alties are provided for fallure or will- ful refusal to file a return and pay the tax on time. As heretofore, the tax may be pald In full at the time of filing the return or in four equal installments, due on or Lefore March 15, June 15, Septem- ber 15 and December 15. In view of tax reduction the number of persons paying in full at the time of fling the return, it is believed, will be greatly increased. (The fourth article in this special series will appear In tomorrow's Star.) WHEAT PASSES $2 MARK IN BALTIMORE MARKET Special Dispatch to The Star. SALTIMORE, January dollar wheat arrived on more market vesterday, closing price of No. wheat &pot, domestic, reached $2.01 a bushel. This is the highest price for wheat on the local market since May, 1920, when wheat sold at §3.51 | & bushel 14.—Two- the Balti- when the red Winte = i CHICAGO LIVE STOCK MARKET CHICAGO, January 14.—(United States Department of Agriculture.) Hogs—Recelpts, 37,000 head; slow; steady to 220 pound averages; desirable weighty butchers early at 11.25; few 170 to 200 pound averages, 10.40a 10.76; 260-pound kind upward to 11.15; little' dono on others; heavywelght hogs, 10.75411.25; medium, 10.10811.20; light, 9.50a10.75; light lights, 8.00a {1040 packing hogs, smooth, 10 10.65; packing hogs, rough, 9.90x10.35; slaughter pigs, 7.0048.75 Cattle—Recelpts, 11.000 hend; fairly active; beef steers. 15 to 25 higher | weighty kind showing most advance Monday's downturn regained: values as high or higher than late last week; carly top matured steers, 11.23; best yearlings, 10.83; numerous loads rela- tively long fed heavy steers, 10.00a 10.50; bulk fed steers and yearlings, 8.00a10.50; yearlings very scarce; choice kind absent; she stock 10 to 13 up; spots more; canners and cut- ters strong: bulls firm; vealers strong, mostly 10.50a11.50 to pack- ers; choice bandyweight selections upward to 13.00 to outsiders: coun- try demand stockers and faeders mod- erute at firm prices; meaty feeders late yesterday up to 7.50; bulk 5.50a 7.00. Receipts, 8,000 head; fat to 50 higher: bulk medium | to good lambs, 13.35a18.75; early top, | 19,10; best bld, 19.35; no clippers hold; | | good 77-pound yearlings, 16.75; | heep and fesding lambs strong; good | | medium-weight ewes, 10.00810.25; ] | feeding lumbs scarce; few sales, 16.50 wishes to sell. In time that may be the case here, but it has not yet ar- rived. (Copyright, 1923, by Conslidated Press.) to 10 higher; most gain on 170|| tat | _— TRUCKS MAY SOON HAUL ALL FREIGHT Replacing of Horses in Big Cities Is Spreading With Great Rapidity. BY J. C. ROYLE. tipecial Dispateh to The Star. NEW YORK, January 14.—Dobbin's day is about done, so far as city transportation of freight is con- cerned. Transportation experts pre- dict the horso and wagon will dis- &ppear from city streets as absolutely a8 it has from street car service. At least one city In the country has prohobited the -passage of horse- drawn vehicles through certain main wrteries of trafio and similar action is being considered in a dozen other large centers. Dobbin simply has not been able to keep up with the procession. It Is but a few years ago that drivers were progecuted for driving their WAgons at the reckless speed of elght miles an hour, but today movement of trafic through city streets at so low a pace would cause immediate and disastrous congestion Trucks Replacing Horses. As u result, the automobile truck is replacing the horse-drawn vehie! for transportation of freight, The Amer- ican Express Co., in New York, it be- came known today, will replace every horse-drawn vehicle now in service with & motor trugk. Plans now are under consideration by the port au- thorities of New York for truck dis- tribution of railrond freight. Thir three railroads now are us- Ing trucks on parts of their lines in placo of raflroad cars, and 21 addi- tional rouds are investigating with a e Sample Line of 50c and 75 Dainty Neckwear 29¢ Ineludad ave collars, sots, berthas and vestees of net. lace, pique and eyelet embroidery checks, w beige and tan. Bargain Table—Main Floor view to installing motor transport services. These factors have shoved truyck production up to 370,000 vehicles in the last year as compared with 3,280,000 passenger autos. Sees Demand Growing. “The ratio.of truck production to passenger car output will increase decidedly during the coming year." sald Waiter C. White, president of the White Motor Co., today. “Every ad- ditional mile of improved road and of street paving is adding to truck de- mand. So far as passenger vehicles g0, 1 do not look for sales or pro- duction to decrease, but I do expect that the industry will gravitate into fewer hands. In other words, soma companies will show largely in- creased sales In the coming year, but these galns will be at the expense of some other producer rather than from virgin flelds. Truck and bus transportation, however, is only In its infancy.” Bus Expansion Assured. “It is pretty hard to estimate Te- quirements in the bus field, but I doubt if a production of 10,000 busses this year would flll the demand. Whether 10,000 will be buflt or not is another question. From the best esti- mates we have been able to compile the bus requirements of the United States for the next ten years will ap- proximate three hundred thousand ve- hicles. If this number is to be buflt, & start should be made now."” All the experts agres that store- door delivery of freight is coming and that it must be handled with motor trucks, but they also agree that this is a thing which cannot be put into effect overnight. It must be de- veloped gradually as conditions warrant. Architecture Changed. | The use of trucks having a marked effect on architecture in the business sections of cities. Mer- chants and manufacturers have begun to realize that {t Is impracticable to 1oad and unload trucks from the street Some have made alterations to allow construction of loading and unloading platforms within their own walls and few new business edifices ere going up which are not equipped panels, linen. Plaids. novelty color effects and The Styles with some device by which delivery of goods can be accomplished with- 27 out chaoking surrounding streets and courts. Architects have seen the trouble engendered by small alleyways and courts, in which perhaps a one-horse laundry wagon may keep a score of trucks waliting in a busy street while the driver collects towels through- out a bullding. Plans now therefore usually include ramps for truck en- try and exit to the basement of buildings. Truck prices, acording to manu- facturers, are likely to remain fairly stable for the first part of this year. Riging cost of materials are operat- ing against reductions and keen competition against advances ATTENTION IS TURNED | TO COPPER MARKET Ry the Ansocinted P NEW YORK ued Increase in the conswmption copper has turned Wall Street’s tentlon to the strong position of the copper market, which the trade con- siders has been ‘statistically good” since early last year, but “sentimen- tally bad” It is pointed out t even in the period when steel pro- duction fell from around %0 per cent to 40 per cent of capaclty copper sales were heavy, production in 1824 | having increased 200,000,000 pounds over 1923 January 14—Contin- CATTLE PRICES ADVANCE. | FORT WORTH, January 14 clal).—Prices for coming two-ve old steers and heifers have advar t0 $32.50 and $27.50, respetively, here | id there is considerable inquiry fo vearlings in this market. A goc ¥ale of young cattle -ankicipated west Texas this spring ROAD’ FACES" DETICIT. NEW YORK, January 14.—Prel inary unofficial estimates of 1 MAY AGAIN SEEK PEPCO OVERSIGHT Maryland Commission Wants Jurisdiction Over All Op- erations in State. Special Dispatch to The & BALTIMORE ing the fight t t Public Maryland v 14.— give jurisdi rvice Coynmission operations of Lthe of W ash- District abgut to Reopen- tion o of Columbia disburse compan several hu dollars to lght and users in Maryland Montgomery Coun slon has ordered an investigation -of the legal p t case. The original case was heard in the court of the District of Colunsbia, w held after sustaining litfgation that jurisdiction was d yn the Publi Utilities ' B.'H imisi o w tter 4« Potor pany was in p ndit ice the « operations of the Chicago, Milwaukeg | rebate payr and St. Paul Raliway, reached Wall Street, are said to in dicate a deficit of about $1,000,000 for which have the vear, after fixed charges. fic peal for thi rigl the Marviagd lyd the Stat ent mom Satisfaction First Since 1859 Specially 810-818 Seventh Street Purchased to Sell for $5 and $6 But Offered in a Tremendous Event at The newest modes of the moment. emphasizing every desirable phase of style, fabric and trimming. Models for misses, maids and matrons, style coiffur with head sizes to fit all bobbed heads, heads of medium size and those with heavy tresses. Materials Milan Milan Hemp Coburg Pyroxalin A zure Canton Taffeta Straw Braids Combinations Poke Mushroom Cloche Up-Turned Brims Tricorne Turban ments ings. The Colors Henna Cranberry Canna Copen French Blue Red Wood Tones Sand Brown Black Every possible ornamenta- tion is shown—top trimmings, side top effects, applique floral motifs, ribbons, brilliant orna- and novel striking colorings Crowns dented effects, cuffed, banded and combinations and fabric. 12 Models foliage in ngs and plac- in peaked and of straw Girls” Spring Dr Selling Regularly- for Sketched From Stock Arranged on Six Large Tables See Window Display $3 The Season’s Final Reductions on 200 Remaining Winter Coats That heretofore have been selling for $25, $29.75 and $35 These represent a genuine sacrifice—cutting the price to the lowest levels in order to dispose of every remaining Winter Coat as quickly as possible—and effect a real cleanup. Ewvery Coat is of exceptional = quality and in many instances was specially priced in the original figure. il - The Modes—Straightline, slightly wrapped, elaborate or severely simple in effect and trim. Many handsomely trimmed with collars, cuffs, bands or borders of reliable furs—muskrat, opossum, mandel, mink, marmot, squirrel coney, sealine, beaverette and wolf. Striking dress, street and sport modes, fashioned to conform with the last words in style—yet suitable for all types and preferences. The Colors—Cranberry, ox- blood, cinnabar, deer, black and other penny, brown, tan, fashionable tones. Regular and Extra Sizes 16 to 44 and 42V to 52V, Second Floor—king's Palace