Evening Star Newspaper, January 15, 1925, Page 27

COMPETITION HITS U..S. FARMERS HARD ‘Canada * Lead in Wheat Exports. = Corn Retains Prestige. BY J. C. ROYLE, Special Dispateh to The Star. . NEW YORK, January 15.—Foreign eompetitors of the American farmer 2ave become too apt pupils of Ameri- &an methods for the peace of mind of The agriculturists of the United Btates. This country, which led the Sworld in wheat exports for 50 years, Las dropped to third place. Canada 4and Australia led the United States in 7°23-24, and did it through sdoption machinery and methods. Argentina and have great open men ar men,” but countries now have cheaper n, equally good machinery and Jnore eflicient methods. where H Faces New Situation. “One cannot world food ;r »duction situation,” sdia Arnold O. erles, member of the American So- Fiety Agricultural Englneers, and with the Department of | ulture, tod “without reach- ’ & the conclusion that the American Jarmer is facing a new situation that Svill force him to reshape his opera- %ions on more modern production lines or be left behind because of LR T ons of the world on four widely #cparated continents.” Mr. bases his conclusion on reports of ;m.d representatives of ma ouses > “Production in those sections,” he rvmuuHx_ “is cheaper because of wer land prices, cheaper labor and Jio e ethaeE T oe e ol e al farm machinery. Australia’s Acheat crop is produced more efficlent- 3 than ours. Practically all of it is| $arvested by the combined harvester- Inresher, or the stripper, at a co & cents a bushel, as compared with 37 to 18 cents here, where it is han- @led three or four times More Land Available. About half the Argentine wheat | »p {8 harvested by this method and s of such machinery in that coun- are several times as great as 1 sales in the United States. West- nada farmers are except effolent -and are producing small | ains much cheaper than we. Cana- will continue to turn over Increas- ing areas of virgin sod on her west- érn prairies under stimulus of high- yriced wheat in world markets. The §ame holds good for Argentina, Both countries have been hard hit in heir cattle industries and are turn- ing to farming.” Exports pf Ameri #ry have increased enormously the middle of 1923. In the 1 e value of exports of harvester-threshers, grain muiti-bottom ploys advanced bver 40 per cent according to gov- ernment figures. Machinery men pre- fict that this tremd will continue 2 Less Competition in Corn. & = Australia and Canada are not likely $0 become serious competitors of this eountry In growing corn, but that Frain already has become an impor- fant crop In Argentina, where it is sed almost entirely for export. The gentine farmers have cut labor r wuirements on this crop below those ®f the American corn belt. Mr. Yer! res that In that countr: o-plow cuitivator ext outh American grow 1ally cultivates three Most corn belt farmers woul Surprised to learn,” he added. “that ®ne of the largest, if not the largest, born grower is a resident of South view the nachin- since vear tractor s, farm rows and Australia Now | of | As an tance, since | drills and | THE EVENING YOUR INCOME TAX In Legi .Tihe normal rate of tax under the revenue act Of 1924 {s 2 per cent on the first $4,000 of net income In ex- oess Of the personal exemption, credit for dependents, etc., 4 per cent on the next $4,000 and 6 per cent on the balance. The surtax is a graduated tex upon the nét income of any Indi- vidual in excess of $10,000. of tax begins at 1 per cent of the | amount in excess of $10,000, but not in excess of $14,000. Upon incomes of $14,000 there is u tax of $40. with rising graduations until finally the tax is $170,020 upon net fncomes of $500,000 and upon net fncomes in ex- cess of $500,000 in addition 40 per cent of such excess. Under the pre- ceding act the normal rates were 4 per cent on the first $4.000 of net in- come above the exemptions and credits and 3 per cent on the re- mainder of net fncome, while the sur- tax rates ranged from 1 per cent on the amount by which the net income exceeded $6,000 and did not exceed $10,000 to 50 per cent of the amount by which the net income exceeded $200,000. The revenue act of 1924 contains a | special provision for reduced taxes, | which did not appear in previous |laws. All net Income up to the | amount of $5,000 is deemed to be earned income. On this amount the | taxpayer is entitled to a credit of For example, & taxpayer, unmarried and with no dependents, whose net income for 1924 was $5,000 would pay without this reduction a tax of $80. His actual tax is $60. From his net income of $5,000 he is allowed a personal exemption of $1,000; the tax of 2 per cent on the first $4,000 is $80, one-fourth of which, or $20, may be | deducted. In no | considerea to case is the earned income | o In excess of $10,000. | a taxpayer, married | ildren, re- | of $12,000. | two dependent ¢ ceived in 1924 a salary | | His total tax, including normal and | surtax, without the 25 per cent re-| | duction on earned net income would amount to $302. However, he may deduct from $10,000, the maximum | amount of earned net income, $3, a personal exemption of $2,500, plus |a $400 credit for each dependent. On | | the remaining $5.700 nis tax amounts to $188—2 per cent on the first $4,000 nd wi | Africa, where he is known as ‘the | | mealic’ king’ He produces approxi- | mately 300.000 bushels of corn from | | his properties. Serlous competition | from South Africa probably will mot | be encountered so soon as from the | three other countries l|z“’\td but it is I by no means remote. Cana Large Bujyer. In spite of competition, Canada is ot a menace to the American farm- ler at home according to statisticia of the Sears-Roebuck Agricultural Foundation. Little Canadian wheat | or flour comes to the United States, while the Dominion buys from this country annually approximately 215,.- 000 bales of cotton, 15,000,000 pounds of tobacco, 260,000 barrels of apples, | 45,000,000 pounds of pork and pork products and 8,000,000 bushels of corn. | “Canada’s production is almost cer- | increase,” the foundation e te, “but withi na few years country will not be much con- cerned over wheat competition. We ehall have no surplus to export and may even be glad to have Canada’s | supplimentary. supply clese at hand As fof other farm crops, the American | tarmer can hold his own with any competition Canada Is velop.” likely to de- (Copyright, 1925.) The rate | | 25 per cent of the amount of the tax. | Yerkes | | Saturday | don correspondents, which Expert Advice Given by U. S. Internal Revenue Bureau Based on Latest Changes slation. ARTICLE the $2.700. One- or $47, deduct- the and 4 per cent on | fourth of this amount, |ea from $302 leaves 323 as amount of tax due. Another example & that of & mar- |rled man with no dependents whose salary was $3,000 and who made in {a real estate transaction a prefit of $4.000. On a net Income of 37,800 his | tax, without the benefit of the 25 per cent reduction, would amount to $100 $7,000 less a personal exemption of $2500 cqualing $4,500, on which the first $4.000 at 2 per cent is 380 and on the remaining 3500 at 4 per cent fs $20. But while his net income from salary was only $3,000, the act pro- vides that $5.000 shall be considered as carned income. From $5,000, there- fore, is deducted his personal exemp- tion of $2,500, the tax on the re- mainder at 2 per cent amounting to $50. One-fourth of this amount, or $12.50, may be deducted from $100, leaving 387.50 as the amount due. The mext article in this series will appear In tomorrow’s Sta WHOLESALE PRICES HIGHEST SINCE APRIL Food, Clothing, Fuel, Drugs and Household Goods Have Advanced. Prices of wholesale commodities in- cremsed 2% per cent in December as compared with the preceding month, the Bureau of Lubor Statistios of the Department of Labor announced to- day. The welighted index of the bu= reau, covering 404 commodities, rose to 157 for December from 162.7 {n No- vember. In no month since April 1923, the bureau said, have the prices averaged so high Farm products showed crease over the previous month, due to advances in graln, cattle, hogs, sheep, eggs and hay, the advance this group reaching nearly 5 per cent Food products were metals, materials, housefurnishing goods. Of the 404 commodities, increases were shown for 193 and decreases for b3, with 158 unchanged. cloths, fuel, bullding CURB TRADING JUMPS | | Commissions Assigned for Higher Costs of Membership. W YORK, January | creasing price of membership in the | eurb market is attributed to the fact that curb brokers are making large commissions chiefly from the activity sha Trading In certain issues was said to be heavier tha many stocks on “the big board Mutual Oil being cited as an example when the opening sale last Friday was a block of 20,000 shares and- a total of 100,000 shares for the day. sules were close to 50,000 eded 51,000, MOBE GOLD SHIPPED. NEW YORK, January 1 ternational Acceptance Bank 18 ship- ping $1,242,000 in gold to Havre, France, for the account of its Lon- 1s expect- ed to be reshipped to some other des- tination on the continent shares and Monday ex: large in- | also were higher, as | chemicals and drugs and | The in- | —The In- | STAR, WASHINGTON, D. STEADY INCREASE IN GOAL DEMAND Bituminous Moving Faster at| Good Prices—Activity at Hampton Roads. Special Dispatch to The Stak. NEW YORK, Jatuary 15.—Coal Age reports the market today as follows: The bituminous coal market has de- veloped a marked degree of strength in the Middle West, and produsers are moving tonnage In increased yvolume at good prices, A better tone is evi- dent in the Atlantic séaboard mar- kets, demand showing a gradual but teady increass. Somo contracting has been reported for the year, but a number of large consumers are quiet- Iy sufveying the situation with the ntentlon of placing contracts when conditions are most favorable. The anthracite market shows no marked change either upward or the reverse, holding to a fairly even keel. Demand for prepared coals Is steady, and despite the curtailment of output by the holidays and the continuance of outlaw strikes, the supply has been sufficlent to meet requirements. Chest- nut continues to lead in demand, and stove is not far behind. Igg and pea | are sluggish, company producers con- tinuinggto send & small tonnage of the smaller size to storage. Coal Age Index of spot prices | bituminous coal shot up 3 points | week, standing, on January 12, | 175, the corresponding price for which is $2.12. This compares with 172 and $2.08 respectively on January 0. Activity at Hampton roads tered a rebound following the | aays, dumpings of coal | counts durlng the week ended Janu- ary 8§ totaling 260,241 net tons. com- pared with 51 tons dumped dur- | ing the preceding week. Production of bituminous coal dur- Ing the week ended January 3, ac- cording to the regis- holi- Geological ~Survey totaled 10,591,000 net tons, an Increase over the previous week of 2,953,000 net tons, or nearly 39 per cent 'CRUDE OIL OUTPUT | GAINS DURING WEEK Increase of 39,750 Barrels Re- ported by Institute—Im- ports Also Larger. By the Associated Press NEW YORK January 15.—~Th dailly average gross crude oil produc- of the United Etates 0 barrels for Januery 10, totaling 2,005,000 bar- | rels, according to the weekly sum- | mary of the American Petroleum In- stitute. The daily average production | east of California was 1, | rels, an increase of 4 0. California production was 60 barrels, a de- cfease of 1,000, the weelc at principal ports for tha week end- ing January 10 compared with 226,857 for the previ- ous week Daily average receipts of California ofl at Atlantic and Guif Coast ports for the week ending January 10 we 129,286 barrels, com- pared with 107,857 for the previous week. BENTS GOING HIGHER PHILADELPHIA, Japuary ciul).—Ren this eity (l\da\ are 14 per ce r than in 1923, Over 56 par cent of the smail dwellings had their rents increased in the last year. (Spe- for all ac-| incressed | ending | Datly average imports of petroleum | | ,000 bar- 1 | | were 250,000 barrels, | | } ‘g 0, I «1405 H St. N.W. Hospital Cotton, per pound. . regular 39c Tooth Paste. specat - 31 € THURSDAY, JANUARY 15; F St., Cor. 12th | Kotex, 1925. $1.00 Eau Sublime, hair dye, 896 black Sal Vapor 25c Resinol Soap. Special. .. . 1 9C 3 for 55¢ Movies A mild laxative. —for colds, inflammation and congestion of the-tungs. . Peroxide Vanishing Cream 25¢ Men- nen's Tal- cum Powder l 7C 3 for 50c Makes the skin soft and smooth Pine Balsam, A remedy for coughs and colds. San Tox Extract 50c Sloan’s Liniment, medium. . —of Cod Liver Oil 604 9th St. N.W. || 723 14th St. N, W. North American Almanacs for 1925... Here They Are! 25c 25¢ 50c Watkin's Mulsified C t Oil St:l:':::o.. . 33 C 25¢c Mum small size. . iic $1.75 Dryco Milk Powder, large— $1.49 75c Dioxogen large. 5 3 C Special. . .. When down town, visit our Soda Fountain and you will agree with us, that our $1.00 Father 50c Piso’s Cough Sycp. ... vy TR ANATEVA for PYORRHEA, SORE GUMS, SORE THROATS —and as a General Antiseptic. La Solera, regular §. value, while they last— $1.39 36¢ HOT CHOCOLATE is the Best in Town............. 50c California Syrup 2.28 Wyona, Box of 50 Cigar Specials for Friday and Saturday O’Donnell’s Club Heuse, a long filler cigar. 6 for 25¢ $2.00 Box of 50 Edinburgh, regular $1.25 value; all fresh goods. 89¢ Box of 25 regular $1.25 value; all fresh foods. 89c Box of 50 10c 50c Musterole Oint- ment, large 25c Hill’s Cascara Quinine 1 7C Tablets. . 3 for 50c 17c¢ 25¢c Z ymnlc Trokey: Stop Falling Hair This is the new method scalp massage with the patent rub- ber applicator. A minute a day with this new treatment insures a healthy scalp and vigorous hair. A Liberal Size Bottle 50c USE IT TODAY AND EVERYDAY Hava Tampa, F. Ex.. 10c straight cigar. El Verso, P. Fino., 10c straight cigar. Jose. Diaz, J. Club, 10c straight cigar—alil fresh goods. Our price— 5 for 40c $3.90 Box of 50 Candy > Specials For Friday and Saturday January 16th and 17th Assorted Fruit and Nut Pillows —Dainty little cushion shaped sweets, presented in a variety of delicious hard handy, with fillings of luscious fruits and chopped nuts. Elsewhere, pound, 70c. Milk Checolate Covered Marshmallows —These Marshmallows are.as sweet as honey and as Jight and fluffy as a snow flake—enveloped in cover- ings of our famous Briarcliff Milk Chocolate. Elsewhere, pound, 39c. Oxford Chocolates —a dollection of delicious Choco- late-covered sweets—ivhich in qual- ity and variety cannot be equaled clsewhere at more than double our price. Regularly, pound, 59¢. Note—Individual packages in the “Big Three” may be purchased separately at reduced prices. Extra Special! Oxford C hocolates Regularly 59cper pound. .. ... 0 .. 49¢ 2 Pounds, regularly $1.18. .. ... 98¢ 5 Pounds, regularly $2.95. . . . .. .$2.45 O’DONNELL’S VAN ESS —ix s0ld on a D0-day money- back guarantee. Ask about it. Price, $1.39 LISTERINE The safe antiseptic Stock up now this reliable antiseptic that has many- uses in the home. Our prices some on so Removes Hair Harmlessly A wonderful new cream that overcomes ¢very objection to Fashion's Smartest Footwear : *| Vanishes like magic. Easy and Two-thirds of our entire women’s stocks now g lld U il very economical; no: smarting; 1o redness: Were $10 to $13.50 Were $5.95 to $8.50 Modes that all smart Washington will wear for months to come! Every style and material—for every occasion — all at savings averaging one-third at least! And all sizes still here! But going fast! Hurry! ial save money. spec will ALL FOR 99 WHILE THEY LAST you LARGE BOTTLE SPECIAL 79c Marvel Whirling Spray The most Wash Hair Without Rinsing Rinsing is bad for the hair. Hard water takes out the life and color. Now, at last, rinsing is done away with. New type shampoo. MEATH O=® mI- per- fect ladies” syr- obtainable anywhere. It inge fulfills every pur- Bl’acades Suedes Velvets pose for which it is made, and is an unequaled value at_this price— $2.98 Washes * hair with a sub- stance that is good for - it. Volatile action of the foam rolls dirt to the top. Wipe off with towel, and scalp and hair are perfectly clean. Hair dries in half the time. Price, 420 Patents Cor. 7th & K Sts. 414 9th St. 1914-16 Pa. Ave. 233 Pa. Ave. S.E. Satins Others “Cr.ty Club S’lofi” 1318 G St.