Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-01-27
TRACTION SECURITIES
!: ARE BIGGEST SELLERS
Good Business Done in Washington
Railway Common and
Preferred.
Volume of Trading on Local Ex-
change Lighter Than Yesterday.
Income Tax Ruling.

The Washington Railway and Electric
stocks were the leaders in activity to-
day on the local exchange. where the
volume of business transacted was
somewhat less than what has been re-
corded for the past three days. In
Guiding today's transactions. the vol
ume of business for the week was rep
resented by the sale of bonds of 1900
face value and 1.45s shares of stock.
The common stock of the Washing
ton Railway and Electric Company sold
$50 shares at the uniform price of so.
More was wanted at that figure at the
close, but there were no offers under
81. The preferred stock of the company
sold 120 shares at Ss1a. and then the
bid for more was s3k. and the stock
was to be had at S3Z.
In the bond list Capital Traction SIS
sold $1,000 at 106 Is; Washington Rail-
way As. $1,000 at S124: Potomac Con-
solidated IS. $1,000 at 1919, and $4,000
at 1o11..
Quarterly Dividend Declared.
The regular quarterly dividend of
IL. per cent has been declared by the
American Graphophone Company, pay
able February 49, books to close Feb
ruary 1.
Southern Railway Earnings.
A gain of $S05, 997.43, or 1889 per
cent. was made in gross revenue by the
Southern railway during the month of
December. 1916. over the return for
the same month the year before, ac-
cording to statement just issued The
net over operating expenses and taxes
was so66. 404-2S, the hgpres for Decem-
Der. 1916 and December. 1915 being
$2.150.33S and s2,716.742.53 respec-
lively.
Rules on Income Tax.
corporation liable for income tax filed
with the collector of internal revenue jan
uary, 1916. a request to be permitted to
designate September 80 as the close of its
fiscal year for tax purposes. The request
was granted by letter dated January %,
Z 1916. February 10, 1916. its tax return
for the period ended September 80, 1915,
was duly received in the office of the COL
lector.
Upon assumption that the return was
not hled within the time prescribed by
law surtax amounting to so per cent of
the normal tax was assessed and collected
with the normal tax This was done
through the regulations of the internal
revenue bureau.
The auditor for the Treasury Depart
ment decided that the surtax was prop
erly collectible and could not be re-
funded.
The controller of the Treasury, W. W.
Warwick. has overruled the auditor.
He orders the refund of the tax.
= the collector. under date of January
%. 1916. granted the request to file the
return as of September 80, 1915, and
such return was filed in the collectors
office on February 10, 1915 within less
than thirty days from the time the re-
quest was granted. 1t therefore ap-
pears that any delinquency that there
may have been in this case was in Civ
ing notice of the designation rather
than in fling the return"
Condition of the Treasury.
The condition of the United States
Treasury at the close of business yes
terday was:
Net balance in general fund. $92,7e2,-
e07.
Total ordinary receipts. $z,3s5,769.
Total ordinary payments, $2.113,4S7
The deficit this fiscal years is $141-
s25,66S against a deficit of $54,121,754
last year. exclusive of Panama canal End
public debt transactions.