Evening Star Newspaper, April 22, 1940, Page 18

A—18 =#% BANK CLERKS NEED A Charge Acount at EISEMAN'S F at Tth Men’ and Women's Apparel ’\‘ We Always Have | MONEY to LOAN | on REAL ESTATE at a low rate of interest || and on convenient pay- the ment plans for borrower. Our Officers Invite You to Confer ;“ The Washington “ Loan & Trust Co. | F St. at Sth ‘ 17th St. ot G | | quarter of 1939. | 560.75 in the first quarter, as com- American Airlines Reports $304,053 Nef in Quarter . Result Contrasts With Only $23,800 for Same 1939 Period Special Dispatch to The Star. NEW YORK, April 22.—American Airlines, Inc., during the quarter ended March 31, 1940, earned $304,- 053.16 after provision of $66,880 for Federal income taxes, as compared with $23,800.98 in the corresponding quarter of 1939, it was announced today by C. R. Smith, president. The 1940 first quarter includes $110.- 024.95 profit from the sale of flying equipment. During the first quarter Ameri- can Airlines transported 139,516 rev- enue passengers, as compared with 76,121 in the first quarter of 1939 an increase of 83.3 per cent. Revenue passenger miles flown to- taled 54,146,633, as compared with 31,909,563 in the corresponding period of 1939, an increase of 69.7 per cent. The company flew 5.268,~ 581 revenue miles, as compared with 3622428 revenue miles in the first Passenger revenue was $2,737,- pared with $1,628,934.05 in the same period of 1939. Mail revenues totaled $946,681.67 | money and personnel are available THE EVENING STAR, WASHINGTON, D. C., MONDAY, APRIL 22, 1940. TwoGroups Join Campaign fo Rid Capital of Rats Speakers’ Bureau Plans -Fight for Appointment Of D. C. Control Expert The addition of two groups in a city-wide drive on rats was an- nounced today by the young peo- ple’s group of Chevy Chase Pres- byterian Church as a speaker's bu- reau of 12 youths prepared to appear before local organizations urging the appointment of a District rodentl control e:’(pert‘ | Latest additions to the undeclared war on Washington's rodent popula- tion are the colored Salvation Army and young people of the Metropoli- tan Baptist Church. The speakers’ bureau, under the direction of Mrs. Arthur W. Dudley, will address organizations on its plan for the establishment of a special office in the District Health Department. Money Declared Available. “We have been informed both the for the District to create such an office,” Mrs. Dudley said today. “If we can convince the District that such an expert is necessary, then our rat worries should be over.” Municipal Financing Volume to Increase By the Associated Press. NEW YORK, April 22.—About $25,000,000 of new municipal securi- ties are scheduled to be offered to investors in the next 30 days, or about $6,000,000 more than were in view at the same time a month ago, bond house compilations show. Despite the increase, however, the market is expected to have mno dif- culty in absorbing the increased of- ferings. Demand for tax-exempt securities continues to be brisk and 'new issues reaching the market lately have been easily absorbed. Holdings of U. S. Steel Stock in Brifain Reduced in Year Company Report Shows Decrease of Around 125,000 Shares By the Associated Press. NEW YORK, April 22.—Stocks of the United States Steel Corp. held in England were reduced by about 125,000 shares in the year ended| March 31, the company'’s figures on foreign holdings disclosed today. Most of the reduction took place during the war period, apparently Farm Bill Is Delayed By Split in Cotton And Grain Backers Dispute Over Division Of Benefit Payments Deadlocks Measure By the Associated Press. A month-long deadlock over the $1,000,000,000 farm bill was attrib- uted by well-informed members of Congress today to a dispute over division of farm benefit payments among cotton growers on one side and corn and wheat farmers on the other. One Senate leader predicted that a joint Senate-House committee would be unable to compose differ- ences between the two chambers and that these Senate proposals would have to be taken back to the House for separate votes: The $212,000000 for parity pay- ments to cotton, corn, wheat, to- bacco and rice growers. The $85,000,000 for removal of sur- plus farm products, part of which would go to finance the “stamp plan” for distributing food to low- income groups. The $50,000,000 in loans for the| farm tenancy program. ‘The parity payments would be in addition to $500,000,000 of soil con- servation benefits approved by both Court Holds Assessor Lacks Power fo Rule On Business Tax Opinion Involving Constitutional Objections Reversed The assessor of the District of Columbia, as an administrative of- ficial, lacks inherent power to rule on constitutional objections to the business privilege tax, the United States Court of Appeals held today. The court reversed and remanded to the Board of Tax Appeals of the District a case involving Harry Panitz and William D. Katzen, co- partners trading as Harry Panitz & Co., of Baltimore. A similar de- cision was reached today by the court in the case of the Washington Petroleum Products, Inc. Paid Tax Under Protest. ‘The partners, through their travel- ing salesmen selling to retailers here in the calendar year 1936, sold $172,762.79 worth of goods; they had obtained the necessary license and wrote a letter paying the business privilege tax of $703.56 under pro- test. They then filed a petition for refund with the Board of Tax Ap- peals of the District, which dis- missed it for want of jurisdiction on the ground that they had not paid the tax involuntarily and hence were not entitled to contest its validity. Norman J. Morrison of Washington. The case was heard before -Associ- ate Justices Henry W. Edgerton, Vinson and Wiley Rutledge. Rep- resenting the Washington Petroleum Products, Inc, was Attorney Louis A. Spiess, and in this case Chief Justice D. Lawrence Groner, Asso- ciate Justices Edgerton and Rut- ledge participated. Validity of the “WE WOULDN'T ALL HAVE TO DRESS IN THE BATH, ROOM IF WE HAD AN business privilege tax was upheld in a number of cases recently by ;.lhe United States Court of Appeals ere, Steel Quotations NEW YORK, Avoril 22 (#).—8teel prices per 100 pounds f. h: Hot rolled 0.b. Pittshy sheets, base price, 1.00. Gy alvanized 3.50. Steel bars, 2. eets, | as compared with $835410.43. Ex- | press revénue was $119,711.85 as | compared with $95,73047. Other | revenue in the first quarter of 1940 was $58,203.49 as against $49,124.43. Total operating revenue was $3,862,- to raise dollar exchange for war purchases. ‘Total foreign holdings of its com- mon stock at the end of March, the corporation reported, were 717,272 : the Senate and House for farmers Member, Federal Deposit complying with administration con- | trol programs. However, the Senate | directed that these additional pay- ments be used to lift farm income | The board took the position that| since the partners paid the tax with- out proceeding to the hearing the | assessor would have accorded them | before revoking their license, they The bureau is also planning to re- | quest other young people’s groups to take action in their neighbor-| hoods. More than 1,600 poison-filled pel- Insurance Corporation You can relieve ¢theitchy,burning 15776, an increase of 48.0 per cent over the same quarter in 1939, when it was $2,609,199.38. Plane Export Policy Is Praised by Beech Special Dispatch to The Star. NEW YORK, April 22.—Walter H. Beech, president and general manager of the Beech Aircraft lets have been prepared by the Chevy Chase group with the co-op- eration of Temple Center, scene of a recent successful rodent drive, and are being distributed in rat-infested areas. Five Talks Planned. Five talks already have been planned by the bureau, Mrs, Dudley said. Housing chairmen of neighbor- hood councils, she said, have been | shares, or 82 of the outstanding issue, compared with 738,386, or 8.4 | per cent, at the end of December | and 872,490, or 10.8 per cent, at the end of March, 1939. Foreign-held preferred shares were down to 74,152 from 175210 at | the end of December and 79,931 at | the end of March, 1939. Common holdings of the three| countries having the largest repre- sentation in the United States Steel | share list compared as follows: to at least 75 per cent of its 1909-13 purchasing power. Because both corn and wheat prices recently have been near or above these levels and cotton prices have been low, the bulk of the parity fund would go to cotton growers. Attempts to revise this parity formula to provide for a more even division of funds among major crops have failed. London Tin Prices failed to exhaust their administra- tive remedy and hence did not pay the tax involuntarily within the meaning of the statute. Opinion of Court. But the court today, in an opin- fon written by Associate Justice Fred M. Vinson, held that neither the law nor the rules laid down by the District Commissioners author- ized the assessors to relieve against forfeiture of a license on the ground that the act was unconstitutional. Co. of New ion Ave. N. Phons tional 90: After 5 P.M., NAtional 1359. Without obligation, send fall in- formation about the Esso Oil Bura- er and your easy payment plan. Jersey, Nome. EASY TERMS $l _2‘]” “PEI — WEEK on monthly Budget Plan P ———————— ey : informed of the campaign through March 31, Like 1939 Representing the partners were Address. + soreness and hel Corp., Wichita, Kans., today ex- s 1930 Ds y 5 your skin by using pressed much satisfaction with the x‘;& %itgmza:yggéflzn,:;ndtgf England ___ pEies) LONDON. Abril kil geaster: | Attorneys Morris Rosenberg of Bal- Resinol Ointment whose medica- recently announced policy of the S0 C 5 47 b5 aski timore and Fred W. Weitzel" and You'll be #4./in the 3 2 o tion. tion stays in active contact with the pimply spots. Applied every night and left on all night, it does a world of good. For 45 years Resinol has been widely used not only to fill this need, but to quickly relieve the itching, smarting symptoms of many skin irritations and promote comfort. Resinol Soap carefully cleanses tender skin. Atall druggists. Begin now to use Resinol Ointment and Soap and enjoy the results. United States Government to release for export to the allied powers several current models of military | aircraft, heretofore restricted for Corn Products Earns the use of America's armed fi 5 H “Tl]:ere are sevcraf ;‘easons Sf}f;sit‘ $2’36 ]’538 PI’OfIl’ is a sensible policy to release these | BY the Associated Press. planes to the allles” Mr. Beech| NEW YORK, April 22—Corn stated. “We can build up our na-| Products Refining Co. and subsidi- tional aircraft production resources| ary sales companies reported net in- without expense to American tax-| come for the March quarter of $2,- payers, by filling allied orders now. | 361,538, equal after preferred divi- “The hiring of thousands of ad-| dend requirements to 76 cents a DINTMENT ditional workers in our aircraft | common share. This compared with ESINu TR YY) | factories will materially benefit the | $2,003,358, or 62 cents on common, in s unemployment situation.” | the first quarter last year. ADVERTISEMENT 1 |Heads Bank Group ¥ . palns ln Ba(k LYNCHBURG, Va., April 22 () — | W. R. Harrison of Danville was| Money Market NEW YORK. April steady; 1 per cent Dt 2_(A.—Call money, Prime commercial ; Paper. 15 per cent. Time loans steady: n0- . elected chairman of group four of | 90 days 114 ur-six months. ln" her | ini ; iation | cen a cceptances unchanged: e"o“s heumaht | the Virginia Bankers' Association > e 2 per cent : : five-six_months. 3s-% Rediscount rate, k. 1 per cent here Saturday. Wrong foods and drinks, worry, colds and | 3 ;i gverwork often put a strain on the Kidneys. | Nesbit of Covington. Backache, Getting Up Nights, Burning Pas- | — gages, Swollen Ankles, Rheumatic Pains, | Nervousness, Dizziness, Circles Under Eyes . s and feeling ‘worn-out, ‘often are causea by | United States Treasury Position Ton-organic and non-systemic Kidney nd | i Bladder troubles. Usually, in such cases, the | BY the Associated Press. Yyery first dose of Cystex goes right to work i The position of the Treasurs Avril,19 compared with comparable date g vear ago: helping the Kidneys flush out cxcess acids aor 15, ogy R and wastes. And inis cleansing, Durlfying | Receipis ___ Rk kidney action, in just a day or 50, may eas- | Expenditures - ily make ‘you feel younger, stronger and | Net balance __ better than in years, A printed guarantes | Working balan wrapped around each patkage of Cystex in- | Customs receipts for month" sures an immediate refund of the full cost | Receipts for fiscal unless you are completely satisfied. You have [ Expenditures everything to gain and nothing to iose under gola positive money back gusrantes £ get | Cystex from your druggist today for only 3! per New York Reserve The Buick Speciar, 4-door touring sedan R9DG* ES sir, something pretty special happens when you turn the igni- tion switch, press down the starter treadle, and drive away for ‘the first time in your very own 1940 Buick. gentle coil springs all around that never need lubrication, with the steady roll- ing firmness of torque-tube drive. Buick craftsmen'’s skill, a car you can count on to keep its value, lose mighty little through either use or deprecia- tion’s steady toll. No one else gives you a gas-thrifty Dynaflash valve-in-head straight-eight engine, much less a power plant electro- balanced after assembly to completely new standards of smoothness. e And the price? Unbelievable as it sounds, the Buick SPECIAL carries a .price lower than some sixes — which spells “buy” in any man’s language. Why not learn more right now from the nearest Buick dealer? In that little act, you get a years-long jump on the other fellow. You step out in a car that is not only 1940’s biggest news but the pattern for many a sea- . son to come. No one else has a Two-Way Direc- tional Signal with automatic cut-off included — or standard equipment so complete that even a lock for the gas tank is included in the price. Style? Just look the others over and see how they mirror the trend Buick WHEN BETTER began a good twelve months ago! AUTOMOBILES ARE BUILT BUICK WILL BUILD THEM Size? Just try to find a car as long as Buick, bumper to bumper, for the same money—or one with a frame as husky and rigid. And with the whole range of Buick’s six dozen 1940 features you’ll be No. 1 in the automotive hit parade, leading the way in a car that will still be full of big news many a season hence. e e Comfort? Performance? Appoint- mentsP The quality and the purity You'll be driving a Buick, staunch and of Coca-Cola have won it a solid in its tested metal, fashioned with Bt buys Bunck!” No one else on the highway has soft, place in America’s refrigera- tors. Family and friends alike enjoy its clean taste and the happy after-sense of refresh- EXEMPLAR OF GENERAL MOTORS VALUE ment it brings. Your dealer has STANLEY H. HORNER, INC. 1529 ‘l“h St. N.W. NAtional 5800 EMERSON & ORME 17th & M Sts. NW. District 8100 the handy home package, — the COVINGTON MOTOR CO., INC. HYATTSVILLE AUTO & SUPPLY CO. 6901 Wisconsin Ave,, Bethesds, Md. Wisconsin 5010 TEMPLE MOTOR CO. 132 Md. Ave, Hyaftsville, Md. GReenwood 4020-1-3 six-bottle carton of Coca-Cola. 1800 King St Alexandria, Va. Alexandria 3055 BOTTLED UNDER AUTHORITY OF THE COCA-COLA CO, BY i WASHINGTON COCA-COLA BOTTLING WORKS, 400 7th St. S.W. Dan Holland Mana, WINDRIDGE & HANDY, INC. THE WILLIS MOTOR. CO. 2015 N. Moore Sl.,‘ Rosslyn, Va. CHestnut 5800, OXford 1860 Georgia Ave. at Viaduct, Silver Spring, Md. SHepherd 6543 INC. MEQropolihn 4727 A A ,