The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-03-06
Central Advisory Purchas-
ing Committee Met in
Washington, D. C.
NEW TAX Regulations
Production in Region De-
creases in Geological
Surveys Report.

ReSlOndi purchasing committees OF
the United States Fuel administration
met in Washington, D. c., yesterday
with the Central Advisory purchasing
committee to discuss future purchases
by the Railroad administration.
While no definite word of the out.
come OF the meeting has been re.
ceived in Fairmont, it is understood
that plans were evolved at this meet.
ing SO that local railroad purchasing
agents will be instructed as to meth.
DDS to be used in making available to
producers Of coal the details of trans.
actions by which railroad fuel coal is
obtained through the bidding arrange.
ments.
Tax Regulations.
The Treasury department yesterday
released the section Of Tax Regula.
tons As referring to corporations.
Practically the same definitions of ex.
penses exist in this section as those
which cover individuals. A few diff.
ferences, however, will be noted. In
Article 562 donations are limited to
those charitable institutions, hospitals,
etc., conducted for the benefit of the
employees of the corporation, and to
, those expenses which legitimately rep.
resent a consideration for a benefit
flowing directly to the corporation.
Special attention fs called to the fact
that the new law requires consolidated
returns to be filed by affiliated cor.
porations for both the income and the
excess profits tax. The previous law
required such returns for the excess
profits tax only. The new law inter.
prets corporations to be affiliated
when substantially all OF the stock is
owned by the same interests, and
ninety.five per cent. is given as a
gauge as to what substantially ALL
means, but with a proviso that If such
holding is in excess of fifty per cent
Of the capital stock and proper re.
turn cannot be made and taxes equita-
bly, assessed on individual companies.
the commissioner may permit consoli-
dated returns.
Weekly Hereafter.
With Wednesdays issue The Daily
Digest, the organ of the National Coal
Association, will revert into weekly
publication.
Production Decreases.
Bituminous coal mined and bitumi-
nous coal lost because of no market
are drawing closer together each week,
in the tonnage figures Of the Geologi-
cal Survey covering activities in all
producing fields, as translated from
percentages into terms of net tons by
the National Coal Association. In the
table below, covering the state of the
industry for the week ending Febru-
airy Is, actual production was 1862
993 tons, while the estimated loss for
lack of orders was 6,440,450 tons, the
highest recorded in years. In the Fair
mont region, which has full time
output of 414,726, had an actual pro-
duction of 1885 tons. Total loss
due to all causes, 241,371. Loss on ac-
count Of car shortage, 1855 tons; Ia
Dor shortage, S29; mine disability,
1904; no market, 22S,929 tons; other
causes, 1924 tons.
Railroad Fuel.
There were 232 loads OF railroad
fuel sent out Of the region yesterday.
The principal consignees yesterday in
railroad fuel were the following: B.
G O., 73 loads; New York Central,
q loads; P. & R., IS loads; New
York, New Haven and Hartford, "a;
Canadian Pacific, 20 loads; Bangor
& Aroostock. Is loads.
Today's Cars.
A total Of 3,031 empties are on the
Monongah division Of the B. & o. to-
day. They are S,O2S coal and coke
cars. Cars left over from the previous
day were SOS. The placement at z
o'clock this morning was 1929.
Working Conditions.
There are 149 mines idle today in
the region. Last Thursday las were
down. Two weeks ago there we're 152
down and three weeks ago there were
160 down. Four weeks ago there were
1913 mines idle.
Yesterdays Loading,
Yesterday there were 574 cars load.
ed in the region. Coal shipped yester.
day was 451 loads. There were 1913
unconsigned cars added to the total in