Evening Star Newspaper, January 18, 1925, Page 36

36 FINANCIAL. TREND OF VALUES - INSTEEL UPWARD New Orders Indicate Early| Wants Are Well Filled. Copper Quiet. By the As 4 Pross NEW YORK, January 17.—The trend lues in the steel market continues The large gain in unfilled orders of the Steel soration con- firms reports of heavy s during D cember and mills are now running at | per cent of capacity and | ked up for the first quarter. | ell suppl Copper Held Steads. Copper held steady du part of the wee it dem owed by th r tone here o n jons had brou however ting at 80 pe Mexleans Are Sought. Lead held steady, despite the reac- tlonary trend abro: “onsumers con- tinue to draw heavily upon contracts. High prices are offering an incentive to incraas velopments of ore de- elters are seeking Mexican Zino easier on weakness in London &nd in sympa with the break in tin Antimony Ina with easter under- tone, ling of contracts for distar e although offers fmme very continue 1 WORLD WINTER WHEAT ACREAGE ABOVE YEAR AGO Although the Winter wh. area of s 4 per the worl e wi e greater | than 1 r. o o basis of reports oday the De- partment howed a world | acres, agalnst| 62,698,000 last year, the Departm CHINA REDEEMS BONDS. Government Pays 357 Above Pres- | ent Market Price. Hukuang ls- New York v P 00, whi 357 above the 1t market The origina sterling, whic 000 through the CHICAGOWLIVE STOCK MARKET CHICAGO, Januar (United nt of kind showing bulk 8.00; most higher 25 lower; stock- steady. Bulk $30,000,000 Drive for Painting Homes Starts Tomorrow Special Dispatel to The Star NEW YORK, January The plan of paint’ manufactur to finance the repainting of homes in 100 American cities, owners to re- pay expenditures on a part ment schedule, will go into effect Monday. The financing involv: about $30,000,000. STREET CAR LINES EARNINGS DECREASE Baltimore Company's Gross Income Lower in Spite of Higher Fares. ecial Dispacth to The Star BALTIMORE, January 17.— De- ¥ of $5,545 in the gross earn- of the United Railways and Company, which controls the r system of Baltimore, dur- as compared with 1923, not- withstanding the fact that the higher fare has been effective for the last seven months, Is noted in the annual report of the company. The report, which will be filed next week with the Public Service Com- mission, shows that during the first » months of 1824, both senger | revenue and fares collected increased over figures for the corresponding | perfod of 1923, and that the decrease from June 1| when the nt into effect was the ates onl of the case, according to fals of the company BALTIMORE PRODUCE. BALTIMORE, January 17.—The em- bargo on shipments of live poultry from other States has been lifted ex- the States of New Jersey, yilvanla, New York, Connect cut and Rhode Island. Shippers out- side of these flve States may now ship live poultry of all kinds to the local market without any restric- tions, except that all coops must be thoroughly cleaned befors shippins. As a consequence of the lifting of the embargo, the live poultry mar- ket has an easy tone under liberal receipts and values rule a shade low- er on all lines, with the exception of turkeys, which are in very light re- | ceipt "and in good demand. Choice, medium_ sized hen turkeys are sell- ing at 45 cents a pound, and gobblers, 40, while old toms bring and | poor and crooked breasts, 25. Smooth, broiling and large fat baking ng chickens are in good demand Leghorns, 25, but rough, chickens will not bring Large, fat ol hens good demand at 24 and 2 for medium size fow but small and poor and Leghorns are slow sale at 18 to 20 moderate recelpts ma ks and geese continu. ly steady at to 30 for the for- er and 23 to the latter; small jand poor ducks, however, will not bring over 20 to 22. Guinea fowl and s continue in good de market holds firm at ch for young and 40 f e both young and old of the latter. The | dressed poultry market has an easy although a fairly good demand for medium sized turkeys, lots of young chickens and ice to fancy ducks, with the ex- eption of capons, which®are in good demand and wanted at quot tions, dressed poultry will not bring any e than live stock. Large ipons. 7 pounds and over, clean up readily at 40 to 42 und; medi- um, 35 to while bring 30 native and nearby ¥ fresh eggs have been mod- = the past week while the nd continues fairly good the| arket has an easier tone and values | show a slight decline from the fir: of the week, closing today at 35 cents for firsts in free cases and alf to 1 t a doze lar shipments best results f white potatoes continue nple for irade req s only fairly good demand prevalls f 1w graded stock : to 130 per 100 pounds and 5 o 1.40 for reds and McCormicks O hundred sacks sell mostly quality and condition, N stock is slow of sale and of irregular value. | Market for sweet po a ¢ under 1 for No. 1 stock la barrel for the 4.00 a barrel for stock of hoth sells while culls are not ted at {price. Native and ne garden ts: compa clippers, | 16.7 5041700 FAVORS $7,000 PAYMENT. House Committee Acts on Claims | Case at Vera Cruz tarday committ Mant Kk of t compens ed to ¥ “Mexlca FLOUR 15 CENTS HIGHER. MINNEAPOLIS LOANS FOR SMALL HOUSES. CLEVELAND, January 17 (Special) The 1 Co. announced local building d the concern would have from $7.000,000 to $10,- able April 1, for loans to r building of single and houses. ED EXPORTS. 17.—Of 1 sta- importations into ths of re 00,000 1ir Jeaving a balance against Italy of 7,444 GET NEW JOBS. DETROIT, January 17 (Special) Industrial employment in the last week made the biggest gain in months, increasing 7,444 to 204,780, the highest point since last May, truck is in good demand and where of good quality sells readily at the following quotations: Br ) and 60 Lushel 5 to 1.00 bushel to 7.00 per 100; onions, per 100 pounds ter plar and 8.00 per 100: parsnips, 7 basket: spinach, 1.25 and 1.50 bushel and turnips, 65 to 90 basket WALL STREET NOTES. BW YORK. January 17.—The win-Willlams Co. has called for nt of $1,000,000 of ite 7 per preferred stock on March 1. he outstanding preferred on August 24, amounted to $13,765.5 Heavy melting steel was quoted in cago district today $19.75 ton, a decrease of 25 cents. offering of 160,000 shares of the Music Master Corporation of Philadelphia, radio distributors, at a share, was oversubscribed BANK INCURS DEFICIT. Y YORK, January 17.—For the its history the Federal ve Bank of New York incurred m operation in 1924, a & to the annual report. Low count rates, which were reduced ring the year from a ceut to 3 per cent, the | rate stil prevailing, were considered responsible for the falling off in n The bank's final deficit payment of dividends 1 to $1,179,877. COT}dNSEED OII:;IP. NEW YORK, January 17.—Cotton | seed oil shared today’s buoyancy manifest in lard and grains, prices moving up 10 to 14 points through de- mand from commission houses and shorts. Realizing sales reduced ga to § to 11 points at the close. Sales, 10,200 barrels. HEAVY CASH BUYING. NEW YORK, January 17.—One of the outstanding features of the cur- rent stock market is said to he the unusual quantity of cash buving, re- cent daily transactions on this basis being estimated at 100,000 and 150,- NEW YORK, January 17.—Metro- Goldwyn Pletures Corporation reports net profit of $47 before Federal taxes for the quarter ended Novem- Dber 30. Gross profit for the three months was $1,645,409 _— A number of shoe stores of Prague, Czechoslovakia, have featured the im- port of American shoes, THE SUNDAY STAR, 'WASHINGTON, D. C. YOUR INCOME TAX Expert Advice Given by United States Internal Revenue Bureau Based on Latest Changes In order that they ma take full advantage of' the exemptions provid- ed by the revenue act of 1924, tax- payers are reminded that a single person if bo or she is the head of & family is allowed the s: e exemption as a married person 0. Under the preceding act this $2,500 exemp- tion was allowed only when the net income was $5,000 or less. If In ex- cess of $5,000 the exemption was $2,000. A head of a famlly is defined by the latest income tax regulations as a person who actually supports and maintains in one household one or more individuals who are closely con- nected with him by blood relation- ship, relationship by marriage, or by doption, and whose right to exer- e family control and provide for these dependent individuals is based upon some moral or legal obl tion Mere support of relatives does not itle & taxpaver to a status as the head of a family. The dependent must be & member of the taxpa s household. In addition to the per- sonal exemption of $2,500 a head of a family Is allowed a credit of $400 for each person depending upon him or her for chief support if such per- son is under 18 years of age or in- capable of self support because mentally or physically defective. Such dependent need not be a relative, nor | need he he a member of the taxpay- er's household Following are examples of the ex ption and credits allowed a hea of u family: A son supports in his one houschold an aged mc and two ters both under vears of a | The son's net income for 1924 was $4,000. He is allowed an exemption of $2,500 as the head of a family, plus a credit of $400 for each of the three dependents, a total of $3,700. A son living in New York supports an aged father living in Baltimore. The son's income was $3,000. If sinsle, he s al- lowed only an exemption of $1,000 and a credit of $400 for his dependent father, the latter not being a member of the son’s household. A widower with one dependent child had a net income for 1924 of $8,000. He s entitled to the exemption of $2,500 as the head of a famify, plus the $400 credit for a dependent. The mext article in this series will appear tomorrow. | — HOUSTON OIL TO PAY ACCRUED DIVIDENDS | By the Assoctated Press | NEW YORK, January 17.—The Houston Ofl Co. plans to clear up back dividends by paying off $475,000 of its § per cent accrued dividend certificates on February 1, which s the balance of an original issus of $2,394,000 issued August 1, 1811, in settlement of accrued dividends up to that date, amounting to &4 per cent on the preferred stock. With these tificates out of the way no obli- | gations would b ead of the pre- | ferred BALTIMORE LIVE STOCK. BALTIMORE, Md., January 17.—The | general live cattis market rules | steady on cattle of first quality and receipts of such stocks practically light, | esp 1y on the wharves. There is| not much call for common to ordinary | cattie and such has to be sold at th lower values quoted to move out. | | Handy-weight veal calves in good but most of receipts are | neavy €h common calves, which are not sought by the buvers even at sharp discounts. Quotations today at | Light street whart: Beef cattle—First quality, 1b., 7 to medium, 1b, 4 to 6; bulls, as to uality, 2 fo 4: cows, choice to faney, to 4; common to fair, 1 to 2; ox to quality, 3 to 5; milch cov choice to fancy, head, 50.00 to 75.00. common to fair, head, 30.00 to 50.00, Calves—Veal, choics, Ib., 13 to 14 ordinary to medium, 10 to 12; rough and common, 6 to 9; small culls, § to 9 Sheep—Choice, 7 to 8; old bucks, to0 6; common, 3 to 4: lambs, sprin choice, 16 to 17; falr to good, 14 to 15, Hogs—Stralght, 10 to 11; sows, 7 to 8: stags and boars, 4 to 5; lve pigs, 9'to 10; shoats, § to 9. FOREIGN EXCHANGE. ssociated Pross. YORK, January 17.—Foreign 1anges firm. Quotations in cents: t Britain, demand, 477%: cables, Sixty-day bills on banks, 474, demand, 5.39%; cables, 5.40, demand, 4.17%; cables, 4.18.| demand, 5.02; cables, 5.02%. ., demand, 23.8 Holland, de- | mand, 40.30; Norway, demand, 15.24; Sweden, demand, 26.91; Denmark, de- man 17.84; Switzerland, demand, 19, Spain, demand, 14.13; Greece, demand, 1.71; Poland, demand, 191 ; Czechoslovakia, 1.00%; Jugoslavia, | demand, 1611 Austria, demand, | .0014%5; Rumania, demand, .52; Argen- tina, demand, 40.12; Brazil, demand, 11.75; Toklio, demand, 381; Montreal, | 99 19- | PARIS BOURSE STRONG. | PARIS, January 17.—Prices im- proved on the bourse today Three per cent rentes, 48 francs 40 ime: | Exchange on London, 88 francs 60 | centimes Five per cent loam, 59 francs 30 centimes. P The dollar was quoted at 18 francs { 55 centimes. NEW YORK EGG PRICES. | NEW YORK, January | etrong; receipt 5 cases. | gathered extra firsts, 63a64; do, firsts, do, seconds, 57a59; nearby | and nearby west- ern hennery white, firsts to average extras, 62a66; nearby hennery browns, extras, 62a66; Pacific coast whites, extras, 64l%a65; do, firsts, to extra firsts, 62a64; refrigerator firsts, 51. COPPER OUTPUT UP. NEW YORK, January 17.—The world'’s copper output in December 25,498 short tons, compared with {121,704 tons the month before, bring- ing production in 1924, according to the American Bureau of Metal Sta- tistics, to 1,458,737 tons, against 1,356, |186 in 19 Mines in the United Stdtes 22 tons in De- cembe ightly less than in No- vember. = i BOND OFFERING PLANNED. by W YORK, January 17.—The Sin- clair Crude Ofl Purchasing Compans controlled by the Sinclair Consolidat- ed Oil Corporation and the Standard Oil Company of Indiana is understood in the financial district to be nego- tlating for an offering of a $50,000, 000 hond issue to refund its $30,000, 000 three-year 514 per cent series A notes due April 15 and $20,000,000 6 per cent series B maturing February 15, 1926. BIG SUM FOB.—PENSIONS, BERLIN, January 17.—Approxi- mately 42 per cent of the federal in- come for 1925 will be spent on pen- silons for officers, soldiers’ widows and orphans of the World War, the finance ministry announced yesterday. JANUARY 18, 1925 All That Grand Rapids St Furniture Is Represented by These Superb Dining Suites Offered at Special Reductions Because It’s Clearance Time It is a tribute to the consistency with which we carry out our policy of clearance that Suites of Grand Rapids production must take their sacrifice along with their contemporaries—for the good of our storekeeping service. We shall not be able probably to replace thiese Dining Suites —with any that are better. Certainly no more graceful models can be designed—and the craftsmanship is all that the name Grand Rapids implies. Clearance, of course, is far-reaching in its reduction influence —extending into every department of the store. These fine Grand Rapids Dining Suites are only typical of the opportunities you may expect. Ten-piece Combination Walnut Suites —of graceful model and handsome fin- ish. The Serving Table, China Closet and Buffet have effective design on the wooden doors. The five Side Chairs and Armchair are covered with Tapestry. Oblony Tablc—cxierd: able to 8 feet. SPE- 3298,50 CIAL NOW......... = Ten-piece Combination Walnut Suite —with Buffet, China Cabinet with glass- panel door—Scrving Table, Oblong Ex- tension Table, five Side and one Arm- chair with Leather Seats. Excellent ma- terials and superior workmanship—typ- ical of 1its ‘“birth- e Snein s ag TN Fen-piece Combination Mahogany Suite—true to the Sheraton period of design. The Buffet is 66 inches long, the Dining Table has an oblong top 42x60 inches and is extendable to 8 feet. On the door panels of the Buffet. the China Cabinet, the Serving Table and at the corners of the rim on the Dining Table Top, and also on the back panels of the five side Chairs and the Armchair there is an application of figured veneer in a beautiful design, finished in a consistent color tone. The Chair seats are covered with a handsome small figured pattern of Tapestry. SPECIAL NOW Ten-piece Combination Walnut—mel- lowed to the rich old Walnut tone of the early English days—which also have supplied the motif of design. The Buf- fet 1s 66 inches wide ; the Dining Table, with a top of 44x60, is extendable to 8 feet. There are five Side Chairs and Armchair — upholstered in Tapestry— shaded to match the Walnut finish. SPE. $ 400,00 CIAL NOW. .. ... == 385 Nine-piece Suite of Combination Ma- hogany—in Duncan Phyfe design—Buf- fet. Combflnation Servcr and China Closet and eight-foot Table with drop- leaf ends;; five Side Chairs and one Arm- chair with genuinc Haircloth seats. SPE- 5525 .00 CIALNOW ........ —