Evening Star Newspaper, February 6, 1925, Page 27

VW LISV RULES NID ON BONDS xchange D ids Most Ex- haustive Data on For- eign Issues. the Associated Press W YORK, February 6.—The data 0w required by the New York Stock Exchange in connection with the pr oged listings of foreign governm onds consists of the following tement of debt, internal and and currency in which it is » be pald; statement of ex nal debt o be computed in dollars; contingent nd actual labilf and priority; svenue or assets pledged, if any, un- ér prese and other loans, and na- ure of administration; summary of uch revenu receipts and income rom such assets for preceding five ears, stated in dollars, if available, tatus of the law under which sald rev- nue or assets are pledged Past debt record with respect to: Jefaults, scallng down interest pa: ents, s qum‘lx sinking fund pa ents 3. Where listed. 4. Currency in which interest and rincipal are to be paid 5. Tax liability and exemption. 6. Statement of governmental in- jome and expenditure for whatever jccount in the preceding five years. 7. Statement of the sum required dollars to meet forelgn interest harges in each of the five preceding ears 8. Statement in terms of weight and ollars (converted) of merchandise mports and exports in each of the receding five years. 9. Statement of covenants, if any, Pvith respec ment of principal and int:res dependent upon state of peac r and nationality of holde nt ARTIFICIAL SILK INGREAT DEAND Former Powder Plants Make Heavy Profits in New Peace-Time Output. BY I C Special Dispatch to The W YORK, great manufacture and war supplies have found in the .last year that p has its victorles no less renowned than war. This ap- plies specially to some of the great makers of explosives such as the Du- pont de Nemours Co. and the Atlas Powder Products which former- 1y contributed to nnon fodder” now being used to supply artifi- cial silk, dye stuffs, chemicals, leath- er cloth, lacquer and enamels. The demand for artificial such that there seems small doubt that prices for second quarter de- livery will be advanced between 10 ) cents a pound. Plants are d until April 1 and the ont de Nemours Co. marketed the irst of the output from its great new plant at Old Hickory, Tenn., former- 1y devoted to the supplymg of muni- tions to the United States and the aliles, this week. New Output Mark Reached. Production and consumption of artificial silk have touched new high points in the last 12 months. Domes- tic business alone is expected to ex- ceed the sales of 1924 by about 4,000,- 000 pounds, while world demand is expectedy to reach 150,000,000 pounds. The extent of the growth of this new Mndustry can be estimated when it is realized that natural sik produgtion probably will be under 100,000,000 pounds tiis year. ery American maker has extens programs for expansion under way and some new companies are expected to come into production before 1 Foreign pro- ducers, in many instances, have al- ready contracted for all the artificial silk they can deliver in this country up to April 1 All Grades to Advance. Right now supplies in second hands e being held at a premium of about cents a pound above the regular e scale so that advances which ounced when books are d quarter business 15 and March 1 will not be unexpected. Every big manu- facturer expects to turn out from 250,000 to 2,500,000 pounds more than in 1924, The largest price advance undoubt- edly will be in the lower grades, such as B and C. In some sizes the quo- tations on A grade will remain un- ohanged, but this will probably not apply to 150-denter, for which the keenest demand has been manifested. Whatever prices are quoted at, the new openings, they will still be far below the costs of natural raw silk For example, the 150-denter A grade, artific will probably be listed at about $2 a pound, whereas Japanese double extra cracks now are quoted around $6.75 a pound. goods and other tex- urers are making a strong s unst price advances, asserting that the cause of the huge Jincrease in demahd has been stability in price FOODSTUFFS AT HEAD OF PRICE ADVANCES teh to The Star. February 6.—Foodstuffs ard trend of commodity the last week Dry ss has been fairly heavy, ased call for furniture and struments is apparent. De- re crowded. ROYLE. ar. February 6.—The s of munitlons silk is between Februa tile m: Special Dis ST. LOU Jed in the partme HEARING ON PACKING SET FOR FEBRUARY 17 Oral arguments on the validity of the merger of Armour & Co. and Mor- ¥is & Co.. meat packers, will be heard by Secretary G February 17. Counsel for the Government and the packers have been allotted nine hours each, and Secretary Gorg expects to dispose of the case before he retires March 4. stores HUMBLE ADVANCES OIL. HOUSTON, Tex., February 6.—The Humble Pipe Line Company has ad- vanced Mexia and Wortham crude oil 10 cents a barrel, making the new | price for high gravity $1.80 a barrel. The advance puts Mexia and Wortham crudes on par with the posted prices for Powell, Currie and Rich- land crudes. ‘WOOLWORTH'S NET UP. EW YORK, February 6.—January sales of F. W. Woolworth Company + reached $14,204,388, an increase of $2,069,769 over the same month last year. Thermiodyne Radio Corporation re- ports met profit of $101,230 for Jan- uary, & YOUR INCOME TAX Expert Advice Given by United States Internal Revenue Bureau Based on Latest Changes in Legislation, ARTICLE NO. 25. Deductions for contributions or gifts are iimited to 15 per cent of the tax- P T's net income as computed without the benefit of the provisions of the iaw allowing such deduction. This means that from the total of all the taxabl items there is subtracted all a deductions—busines: taxes, etc.—except contributions, the re- mainder being the amount upon which the 15 per cent limitation is based. A new provision of income tax legis- ation is that If during the taxable year 1924 and in each of the 10 preceding taxable years the amounts contributed for purposes specified by the revenue act of 1924 exceeds 90 per cent of the taxpayer's net income ‘as computed without the benefit of thie paragraph,’ the full amount of such contributions | and gifts made within the taxable year is deductible. Claims for deductions for contribu- tions or gifts must be substantiated. Taxpayers are required to state in their returns the name and address of each organization to which a gift was made and the approximate date and the amount of the gift in each case. Gifts to an individual are not de- ductible, but if made to an organization described by the act—religious, charita- ble, scientific, lite educational— may be deducted, even though the or- ganization distributes its funds to’ in- dividuals. A church constitutes a re- liglous organization for the purpose of this deduction. Donations made to mis- slonary funds, to church building funds, pew rents and assessments and dues paid to churches are regarded as con- tributions. Ded ons for contributions for polit campaign purposes are not al- lowed. (The next article in this serfes will appear tomorrow.) OIL BOOM PREDICTED IN KEYSTONE STATE Special Dispatch to The Star. FRANKLIN, Pa, February 6.—The price of Pennsylvania crude oil will reach or pass the $4 mark by March 1, according to predictions by Franklin district oil men. Operations are expect- ed to boom when that flgure is reached. DENVER, Colo.,, February 6.—The Union_ Oil Co. of California is laying plans for expenditure of $15,000,000 dur- 1825 in the Colorado fields. Material is now being assembled for drilling 56 wells in the Welling-Fort Collins dis- trict. DAIRY PBODUC;S. BALTIMORE, February 6 (Special). —Live poultry—Young chickens, pound, 30a32; Leghorns, 24a28; Winter chickens, 33a35; old hens, 22a28; Leg- horns, 22a23; old roosters, 17; capons 32a38; young turkeys, 40a45; old, 85; poor and crooked breasts, 25; ducks, 24a32; geese, 22a26; pigeons, pair, 25a40; guinea fowl, each, 40a75. Dressed poultry—Turke pound, poor and crooked breasts, 25; chickens, 26a32; old roosters, 17: 24a32; geese, 22a26; capons, Eggs—Receipts, 467 cases. Native and nearby, firsts, dozen quotations, o Butter—Creamery, good to fancy, pound, 42; primes, 40a42; ladl 2 store packed, 20 proce: butter, 33; dairy prints, 21a24; rolls, 21a24. So great has been the demand in Italy for cotton goods that mills there are six months behind orders, with a resulting increase in the use of American cotton. Exquisite Edgemoor . The Capital's most fascinating spot is really fairyland- when Spring has turned every nook and corner into a bower of beauty. Cool, green lawns, stately shade trees, with birds tolling their glad messages to those lucky ones who own their own homes in beautiful Edgemwoar. Our plan of home building 1s neither a hardship nor a bur- den, but an easy way to save and accumulate. You buy the lot and when it Is clear we will build your home according to your own ideas, or have our architect submit plans for your approval Our homes now being com- pleted in Edgemoor are unex- celled in architecture, material, construction, environment, loca~ tion, price and terms. Let us convince you. TO INSPEOT—Drive west on Ma: Ave._to Wisconsin Ave., thence north on Wisconsin Ave. to Edgemoor. Maddux, Marshall & Co., Inc. 1108 16th St. N.W. Main 8970 COLDS Break a Cold Right Up with “Pape’s Cold Compound” Take two tablets every three hours until three doses are taken. The first dose alwi gives relief. second and third doses completely break up the cold. Pleasant and safe to take. Contains no quinine or opi- ates. Millions use “Pape’s Cold Com- pound” Price, THE EVENING STAR, WASHINGTON, D. REDLCED POTATO ACREAGE PPOSED Department of Agriculture Urges More Flax—Tobacee Area Large Enough. The Department of Agriculture ad- vises potato growers to make no further reduction in acreage this year in the third section of its annual okout report. . The report further states that “no great increase in the planting of tobacco, sugar beets, beans, peanuts and citrus fruits should be' made,” but urges the in- grease of the growth of flax. The large potato crop last year was not due to large acreage, but to an unusual yleld frem the acreage al- ready planted, and the department | feels that en acreage slightly larger than that of 1924 would be profitable. “Present high prices for sweet po- tatoes,” the reportscontinued, “should not Influence growers to plant a largely increased acreage of this crop this year. Present prices are more the result of low yields in 1924 than & short acreage. An increase of more than 10 per cent over 1924 acreage with an average yleld is likely to produce more sweet potatoes than can be marketed profitably. “Any Increase in- tobacco acreage this year Is undesirable, excepting perhaps _in some of the flue-cured types. While the price outlook for most types of tobacco is better now than last year, stocks on hand are still large. “Higher prices for sugar and suga e Trade in Your Old Furniture During this Cut Price Sacrifice Sale you can buy for still less by trading in your old worn-out furni ment on new. ture as part pay- The same truck that delivers your new furniture takes away the old—which is disposed of in our Exchange Depart- ment. $11.50 Tapestry, 6x9 size ..... $24.00 Velvet, 6x9 size .... $30.00 Axminster, 7.6x9 size ... $49.00 Velvets, 8x10 size ....... $69.50 Axminster, 9x13 size $5.00 Quality American Walnut Chairs, Hockers and Benches, with Cane Seats, special while they last. Drice, each Mahogany and Cane Chairs _and values, 2 ndsor Wing Rockers, $24.50 hairs valued to $12 > $09.50 Rubber-tired Wheel Chair with adjustable back. Special, tomorrow, at.......... Terms, $1 Cash 50c Weekly Full-size Wood Heaters, compl top-lift door and draft-—selling regularly for $2.49. Buy one now first-class for onl, 7.5 Oil Heaters, compiete with new wick and removable can; can be had mow for . cast iron tops, siightly ru ed from water. Buy one while they last, for only i y Our_entire line of selling up to $45.00. Slightly rusted inside, but fully guaran- teed. All go for.... 3 6 Cast Iron Ranges, complete with high closet. Rebullt and fully guaranteed. Selling regu- larly at $79.50. Tomorrow.... 53950 B SRR NI Bedroom 32.95 'sl 39 35.15 C., Leets during the coming season are unlikely, due“to the probability of a large carryover of sugar from last year's crop. The 14 per cent increase in world sugar production for the 1924-25 season over the previous rec- ord production in 1923-24 Taused a dis- tinct decline in world prices Enough Heans Being Raised. “A bean crop In 1925 in excess of domestic needs would tend to put the price of the entire crop on an export basis, thus losing to the grower the benefit of the tariff of $1.05 a bushel. An increase in acreage seems un- desirable, Flax acreage may still be increased somewhat before production with average yields will equal the present consumption demand. It seems prob- able that flax prices in the United ates will be on a relatively higher level than wheat during the next crop year if production is below the domestic requirement “Any substantial increase in pea- nut acreage in 1925 over that of last FRIDAY, FEBRUARY 6, 1925. year may result in lower prices. “Present conditions indicate that increased plantings of citrus fruits and Western grapes should be dis- couraged and that any plantings of apples, peaches and pears and other tree fruits should be confined to the best commerclal sections and to the gradual replacement of old farm orchards in logalities where a good local market seems assured. “During 1925 there probably will be a sustained or slightly increased demand for such vegetables as let- tuce, celery, spinach and cucumbers, but iittle prospect for any increase in the demand for cabbage and onions and for such staple canning crops as corn and tomatoes. There are indications, however, that during recent years the production of vege- tables has been Increasing rather more rapidly than the demand and the tendency seems to be toward generally lower prices with increased compstition between the various commercial producing sections.” Furniture Bargains! 7357th St. EARNS $20 PER SHARE. General Electric Has Better Ia- rome Than in 1923. NEW YORK, February 6.—Wall street estimates of General Electric's earnings for 1924 place surplus ap- plicable to dividends at about equal to §20 a share on the common stock after deducting dividends on the $10 par value speclal stock. Net irncome in 1923 was equivalent to $18.25 a share on the common. In 1919 the compeny earneq $20.80 a share and in 1917 $26.50. CHICLE DOING WELL. NEW YORK, February 6.—Thomas H. Blodgett, chairman of the Amer- fcan Chicle Company, sald today that net profits for )924 would be $1,- 083,000, equivalent almost to $35 a share on the $3,000,000 6 per cent 27 — cumulative preferred stock. Sales for the year were about 15 per cent ahead of 1924, he said. o Before yom invest—investigate! DVI.VH;I""I’I;IH_IY'S’ At the Phillip Levy Store, Come tomorrow and get your share of these wonder values that have captured the spotlight of pub- lic opinion. Five floors of fine furniture now sold at sacrifice prices. Come Expecting Real Bargains—You’ll See Them Your Old Furniture Accepted As Part Payment on These Values Regular Price 3-piece Mahogany-finish Spanish Leatherette Bed-Dav- enette Suites 3-piece Blue Velour Genuin Suites, with mahogany-finished: frames 3-piece Overstuffed Velour Living Room Suites, with loose spring-filled cushions...... Massive 3-piece Overstuffed Living Room Suites, loose- cushion style, upholstered in blue velour 3-piece Overstuffed Baker loose-cushion style, with reversible cushions....... Massive 3-piece Davenport-Bed Suites, in blue and taupe Baker's figured velour, with reversible cushions and tassels. ... Beautiful Bow-front Mohair Overstuffed Suites, with loose ete _with 51 49 84.75 cushions and moss edging.. . % Sold on Monthly Plan Select Your Bedroom Suite From This List— $150.00 4-piece Semi. -Vanity Bedroom Suite, NOW......couvuvunnnnes $150.00 American Walnut Bedroom Suite, now... $200.00 Amerioan Walnut Bedroom Suite, NOW......c.cvvuueneennen $219.00 Walnut 4-piece Full Vanity Suite with Chifforobe, now. . $249.00 Full Vanity Walnut Suite with Chifforobe, now. $287.50 Full Vanity Walnut Suite with gold stripe, now............. $365.00 4-piece Walnut , Bedroom Suite, nOW..........ce... thirty-five antee it. cents. Druggists guai Terms as Low as $8 Monthl; Kroehler Bed-Davenport § 139% I Mgy Cut Ivané Room Su‘lt‘es, in S/) 3 850 i 335 Easy terms. G-plece Ki them tarner, paring knife and $1.50 value. Special tomor- row, orly... ceseee . Limited Number of Children's Red Rockers, Tomorrow hang cake Spoon, knife. Otgar tion pearl $1.75 value Specials hen Set, with wall rack to on, consisting of a can opener, it a trosting 39,: 49 selling regularly for Toe. only Box M inlay Tom ors, with 1 o top: e, Tow @ Mirror Specials Mabogany Frame ror cial Sale Price 79 3129 2187 $29.50, Now Base, Now P PIALS (I o KiisNER e $19.50 mitered polychrome frames, us little as designed in three sect special at s 4 Extra He: peian polychrome framer using 22330 inches; regulat pri now I $§2.50 Opal with heavy $19.50 Lamps $12.00 § with polychrome base Console attractive size. Buffet ends, now sold for 38.75 old_Oblong 519 s Cousole Mirrors with Pom- e 31 1.75 Kk and rrors, b Glass Shade bronzed Dbase. 56'75 inese Pottery Silk Shade Table 511'75 k Shade Bridge Lamps, met14% Terms, $1 Cash 50c Weekly Silk Shade Floor Lamps. Values polychrome base.. up to $25, Need a New Dining Suite Here’s Your Chance $225.00 Italian Oak 4-piece Suite, 66-inch Buffet, now $179.50 American Walnut-finish 10-piece Dining Suite, now $200.00 American Walnut 10-piece Dining Suite, now . $249.00 Tvory and Blue 9-piece Breakfast Suite, now $250 Walnut 10-piece Dining Suite, now $275.00 Walnut 10-piece Suite, now $385.00 Walput 9-piece Dining Suite, now now .. $495.00 French Walnut 10-piece Suite with Tapestry-seat Chairs, 33 4750 Terms as Low as $10 Mont, 597.50 119> sl 49.00 57" HOH® T $249>°