The Washington herald., 1914-02-28
STOCK MARKET
SHOWS STRENGTH
Prices Up on Favorable Mex
lean News-List Gen
orally Strong.
LOCAL TRADING IS LIGHT
Income Tax Returns May Be Filed as
Late as Monday-Use of Sosth-
ern Railway Funds.
LOCAL TRADING IS LIGHT
By w. sTEALEY.


Better prices prevailed in the New
on reports Of q favorable turn in the
Mexican situation the market took on a
lively aspect. Later II was discovered
that the story was a hoax but the mar
ket closed on an average of nearly a
point over Thursdays prices.
Steel gained over q point closing at
e5 rs. Reading, Copper, Can. Pennsyl-
vania, and Baltimore and Ohio showed
gains.
American Telegraph and Telephone and
New Haven were the weak spots in the
market The former closed at lo IA, the
latter at 81 Is
The preferred and common of Rock
Island both gained fractionally.
At the request Of large holders Of the
common and preferred stocks Of the
Rock Island Company William A. Read.
Arthur Curtiss James, William Church
Osborn, Ogden Mills, Francis L. Hine,
Andrew ]. Miller, and BENJAMIN Strong,
jr.. have agreed to act as committee
10 protect the interests of the stock
holders The Bankers Trust Company
has been appointed depositary and Horn
blower, Miller, Potter & Cadwalader,
wickersham and Taft have been retained
as counsel The committee urges stock
holders to deposit their certificates as
soon as possible.
Local STOCK hnrkcI.
Trading on the local stock market yes
terday was light, only 5000 in bonds be-
ing sold and thirteen shares of stock.
Capital Traction IS sold at 100, and
Railway IS at s. 5-S
Six shares of Capital Traction stock
sold at 1IO and seven shares Of Lanston
at 81
Bids of 1se 1-3 and 1873 were made for
National Metropolitan Bank stock, which
was held at 800.
Income Tax Limit Monday.
There seems to be a widespread i'm
preston that because March falls on
Sunday, it will be necessary for all in
come tax returns to be filed in person
or placed in the mail on Saturday. Such
is not the case, according to article 116
of the revised regulations, which says:
when the due day as above defined
falls on Sunday or on a legal holiday
the last due day will be held to be the
day next following such Sunday or legal
holiday, and the return should be made |
to the collector not later than the fol- |
lowing day, or, il placed in the mails, |
it should be posted in ample time to |
reach the collectors Office, under or
dinary handling of the mails. on or be- |
fore the date on which the return is |
thus made in the office of the col |
lector."
These regulations are dated January |
8, 1914, and are still in force. Hence, 1t
will be legal to file returns on Monday. |
washingtonians should send their re-
turns addressed to the deputy collector
of internal revenue, 622 F street north |
west. Payments aye not due until |
June 30.
Work on Southern Railway.
It is reported that part of the fund |
hn nf
note issue made a few days ago by the |
Southern Railway will be used in the |
completion of the Stevenson extension |
which has been lying for the past four |
years uncompleted.
This line has been graded all the way |
from Chattanooga to Stevenson, Ala, |
and originally was designed for the rout-
ing of the trains Of the Memphis division |
of the Southern Railway into Chatta-
nooga. Piers for a bridge across the
Tennessee River. Just above the Hale =
Bar Lock and Dam, have been completed
for some time, and the bridge steel is |
lying at Bridgeport, Ala. The tunnel |
throughout Lookout Mountain has been |
completed. 1t is believed that work upon |
this Improvement viii be started at an
early date.
One thousand men will be given en-
ployment the second week of March,
when the steel rail mill of the Maryland
Steel Company, at Sparrows Point will
be put into active operation. The mill
has been closed since the middle of De-
cember.
The Atlantic Coast Line Company has
filed a certificate OF reduction in its capi-l
tai stock from 81, $40 900 to sS,s2O.0oo. The
reduction was approved by the stock
holders at a meeting held in Bridgeport
on February 20.
Southern Railway earnings July l to
February q are reported at SIS, 5,Ss0,25,
against SA, A5 in the corresponding
preceding period. a gain of s., ,203 soo