davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-08-10
F. nance and rade
Business News Bureau.
Telephone Beeknan 8243.
Financial Bureau.
Telephone Beeknan 5000.

natural yesterdays
outlook The action
Wilson's drastic for combating
living by the declines
of short lines addition
the market
has break Monday Some the
the
the situation and advised the
The still prevails however,
will
rket looked for
New-York tribune., 1919-08-10
Marks Hit New Low
Value in Switzerland Now Only
33 Confines

BERLIN, Aug. (By The Associated
Press).-German marks, the value of
which has been steadily falling recent
ly in neutral countries surrounding
Germany, reached their lowest point In
history in Switzerland yesterday, being
quoted at 33 centimes instead of the
peace price of 1875 centimes. German
financial experts, especially those op-
posing the plans of Matthias Erzberger,
Minister of Finance, explain that this
depreciation is due to the proposal
to stamp all banknotes and to elimi-
nate the regulation Of foreign bills of
exchange. They admit, however, t, at
strikes and unrest in Germany are
partially responsible.
New-York tribune., 1919-08-10
The Odd Lot Market

Not everybody sold stocks last week.
For instance, ali records on the buying
side in odd lots were broken, according
to a house which makes a speciality Of
handling small accounts. Purchases
in this department of the market are
estimated to have been 1870 per cent
greater than sales, while the number
Of odd lot buyers was 15O per cent
greater than the number of sellers
These purchases represent in large
bulk long stock. The small lot trader
rarely sells stock for the fall, so that
short covering operations in this part
of the market were small in the ag-
gregate.
New-York tribune., 1919-08-10
Big Increase in
Untitled Orders
Of u. S. Steel
New Business i'm July Ran
685, ,8O6 Tons Ahead of
Corporations Shipments
During the Month

The untitled steel orders on the books
of the United States Steel Corporation
on July 81 last we're the largest since
February of this year.
On July 81 the untitled tonnage
reached {, 5,57S,661 tons, against 4,s92,S55
on June go, 1919, gain Of 6s5,soe tons.
Untitled orders totalled 4,282,310 tons
on May 81. 1919, and 4,soo,6s5 on April
80; The figure on July 81. 1918, was
8,883,801 tons.
The following table shows the un-
filled orders at the end of each month
since January. 1917:
New-York tribune., 1919-08-10

The Federal Reserve Bank Of New
York has put in force the following
schedule of rediscount rates, which
apply to bankers acceptances: Maturi-
ties up to Is days, per cent; 16 to so
days, inclusive, AZ per cent; 81 to 80
days, inclusive, AZ per cent.
New-York tribune., 1919-08-10
New Crop Flour Lower
Sells at $ll.5O Barrel in
MinneapOlis

MINNEAPOLIS, Aug. 9.-Flour
milled from the new 1919 wheat crop
was quoted here to-day at $1.25 a
barrel lower than that of the old crop.
In 98-pound cotton sacks -four sold at
$11.50 q barrel, in addition to freight
from Minneapolis.
New-York tribune., 1919-08-10
Copper Backslidinp?

Copper interests have not found it
as easy to hold the metal at the "a
cent level as it was to move the price
up from Is cents. Sales are reported
to have been made the last few days
at 231s cents pound, with buyers
temporarily holding out of the market
The slackening of buying is due to
several reasons, mainly a delay in the
arrangement of foreign credits and
fear Of labor trouble. Production is
.'.li far under the high peak of the
war period.
New-York tribune., 1919-08-10
Money and Credit

The Federal Reserve Bank of New
York in its weekly statement yesterday
showed new item, $85,25S,303 gold in
transit or in custody in foreign coun-
tries" That represents gold obtained
from Germany and Turkey turned over
to the American government in return
for foodstutfs shipped into those coun-
tries after the signing of the armis-
tice. Most of the SS5,258,3O3 gold came
from Germany and was shipped via
Belgium to England, where it reposcs
in the Bank of England The Turkish
gold was deposited on an American
warship in the harbor of Constanti-
nople to the credit of the Federal Re-
serve Bank of New York
Loans and discounts of the New York
Clearing House banks decreased s21.-
$4,000 to $4,966,173 900 last week,
while net demand deposits decreased
SAL ,204, 900 to $A,O51,199, 900.
Surplus reserves of the banks de-
creased $16,002,320, amounting to $751;
l37, ,32O at the close of the week.
Bank Acceptances.-Ratcs were un-
changed, as follows:
Thirty Sixty Nine.S
Spot de- days. days. days.
livery: Per cent. Per cont. Per cant.
Eligible
member
banks.... 4h@4 4H@4h 43<@4h
Eligible
non-mem-
Der banks.4h@4 4h@44 4h@4sz
Ineligible
bank bills.64@41z 5I4@41z s14@434
Eek delivery within thirty days:
Per cent
Eligible member banks. ......... All
Eligible non-member banks..... 4N
Ineligible bark bills.
Sub-Treasury. The Sub Treasury
gained $4,000 from the banks on Fri
day.
Sifver.-London, 5sAd; New York,
$1.11ss; Mexican dollars, S5h h@s9hc.
New-York tribune., 1919-08-10
Cruciblc Steel

Through all the pounding the mar
ket received last week Crucible Steel
common stood up remarkably we'll. 1t
declined several points, to be sure,
but rallied quickly at all times. This
display of firmness has served to add
to the mystery reputation of Crucible.
Probably the best explanation of the
action of the stock is the fact that the
floating supply is small and, moreover,
is closely held. The position of the
stock is said to approach technical
corner
New-York tribune., 1919-08-10
Covering Shorts

A big trader, who is credited with
having won and lost several fortunes
in the course Of the last few years, is
said to have covered line of short
stock on Friday approximating 125,OO0
shares. Much of this was in Steel
common. His buying is said to have
been responsible for the turn in the
market late in the afternoon.
New-York tribune., 1919-08-10
New High for Car and Foundry

American Car and Foundry Common
stock responded to the unofficial an
nouncement that the directors plan at
the next meeting to put that issue on
IL per cent divident basis by advanc-
ing to new high price 1t closed on
Friday at 1171a. Yesterday it rose to
1861.
New-York tribune., 1919-08-10

gathered extras. dozen. 54esSe:. sSe:.as Is
@46c; undergrades. 47gsoc; sscy,s s,e,,sx Ne
94sc: undergrades. 3oQ+2c; "a S3te'
!. $4,000: No. and poorer. az IN.
checks. good to choice. dry. $500 ,sSn<cssl
dergrades. 25@33c. refrigerator. ..sosas
marks. fancy. soc: frsts. ~ @ aye; a nesf.
44h D46hc; state. Pennsylvania sas sfspes.
by Western. hennery whites nne " s,hsrsd
whites. common TO prime. so assSs.:.tsss
chic Coast whites. ssassc; other smsSjtc;
and Southern. gathered whites r<sSey
state. Pennsylvania and nearby, hsnss1
browns. fancy. 6S@S3c: satnexe9s e m
fair to prime. ]soS3c.
New-York tribune., 1919-08-10
Receiver for Electric Road

CHICAGO, Aug. 9.-Federal Judge
Evans to-day appointed Joseph X
Choate receiver for the Aurora, Elgir
& Chicago Railway on petition of the
creditors whose claims are said to ag-
gregate $4,000. The principal cred,.
tor named in the petition is the Gen.
eral Electric Company, with a claim
of $3,215.
New-York tribune., 1919-08-10

Production of thirty steel companies
for the first seven months of 1919
reached 17,370,856 tons of ingots, COM
pared with 20,235,691 tons in the corre-
spending period Of 1918. The output
last month was 8403 per cent of that
of July, 1918. In tons it reached $685.
176. compared with 3,113,635 in July,
1918.
New-York tribune., 1919-08-10
Shipping Board Places
Big Contract for Oil

WASHINGTON, Aug. 9.-Award to
the Mexican Petroleum Corporation of
a contract for 10000 barrels of fuel
oil at s1,18 a barrel, for delivery at ST..
Thomas, w. l., was announced to-day
by the Shipping Board.
New-York tribune., 1919-08-10
Butter, Cheese and Eggs

butter:-Receipts were 1o.177 packages
5Shc: extras. 81 score, 54@54Iac: frs,s ''V g
20 soosa 81 seore s, !S;2@sshc; seconds, SO to 81
s1,r.t uns.ised; \ higher than extras. 5sIssSe;
% onds 5s@Ricn sSaRRS.nc: frs,s, So 9 Sc &c; sec,
@ sc; good to prime. SO y @52hc; oommon
to fair. $50 soc; renovated. firsts sn n
SIC; SIC; lower grades. 4sh04sNc: ladies. cur uY
Ssa9 @a9c MAKE. 'os,s nrsts. 4s@4sc: seconds 4Sh
stock: current make. No i. 4sh ol7c: l7Asns Na
= 4sc: lower grades. 43@45hc.
,e Cheese; - Receipts were .,@1s boxes
Stats; wh,s Tnois sa miik fresh nats colored or
sse; lower srades: 2s@slc; twins. speci.ls,
e9inred CO or white a2A @s2Ac average run,
81 % 3:c; lower grades. o5@3oHc: Wis
ssTe ssnsln s,.s1s wsG'' na,. milk twins fresh
S2E 033Ac: Double Daisies. colored fresh'
sssggssc; .. Young Americas. fresh. $50
prime to choice. s09 2zc fair to xood.
lSV1Sc; lower grades. 7@1tc..
EssA-Recsipt~ lSss1 -e.ssa yrssh-
New-York tribune., 1919-08-10

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune., 1919-08-10

Rye.-Market weak
Yesterdays Previous Year
Cash No West S1.85h SI6oa x1s7i
Flour and Meal--Quotations were.
Yesterdays Previous Year
M;e" 1ofk: close. close. ago
Snrn,. "a Inn. patent .-$12.5o $3.50 S1i.4o
~. PiAAo~As SeAioW $40 49O 40
6ran 49.OO 40 M
rye hour -8.00@8.4O s.OO68So 10 65
New-York tribune., 1919-08-10
CottOnseed Oil

Tho cottonseed oil market was irrn on
covering and sympathy with advances in
otnef markets. but trade was quiet Final
points oo "a ~ 10 lo
The range of prices follows:
Yeat'day's Frfdav.s
New-York tribune., 1919-08-10
Cereals

Wheat. - The Oklahoma State report
made the wheat crop of that state 5o.ooo.-
900. compared with 32s9eoOo last wear
with yield OF IA bushels an acre Reporta
from Minneapolis said ordinary No.
Northern wheat had sold at $275. or 10
cents a bushel higher than Friday, and the
trade was inclined to place a good deal
ofof Importance on the attitude Of farmers
In asking that the guaranteed price be re-
moved as they believe that conditions JUS
tined much higher prices for wheat
Corn-Sa tisfaction over the Presidents
message and prospect that the railroad
troubles would be adjusted led to strength
IN the corn market on Saturday and prices
advanced from 4 u to s II cents per bushel
September was the feature at the opening
with an advance to $1.95, or almost up to
the highest point OF the season, but the
December came into prominence later in
the day by advancing to S1.57. or 6 cents
influenced by the unfavorable crop condi-
tions and a belief that the new crop months
were selling at too great a discount under
the old.
Yesterdays Previous Year
Corn, No yellowss.ssss sssoA s.sssi ago:
December 1855 i.ssn ISIS IS. |''ss.
Oats-There was a reflection Of the corn
strength in the oats market on Saturday
and prices were up from to 2h cents.
| closing bout half a cent under the top
at Omaha, to go out by the way OF New
orleans. causing strength In the cash
market. which was I to cents higher at
Chicago. The absence OF country offer
| ings during the week was shown in the
movement, which fell off 1900 600 bushels,
as compared with the previous week
The government report was considered by
some as little less bullish than expected.
but had little effect on the market
Yesterdays Previous Year
New York close close go
Oats No. 3. white. .$O87 $0sS $3.50
| Chicago:
December -.--- 1875 .7s3h .ooN
New-York tribune., 1919-08-10
Com m Odities

Rock. quiet, unchanged at SIC; salea 13a
bales
Range of prices follows:
New-York tribune., 1919-08-10

Ess~-Recsspt-. lsss1 -e..s. yr.h.
Evening journal., 1919-06-12
AUTOMATIC PHONE
co. PASSES OUT.
Property Is Purchased by
Diamond State at Fore
closure Proceedings
NEW OWNERS WILL
EXCHANGE SERVICE

MI Of the central office equipment. in.
Guiding switchboard and apparatus. all
the wires and cables and an of the in
diVidual instruments Of the Automatic
Telephone Company were today sold at
public sale under foreclosure proeeed-
ings taken under the UNDERLYING first
mortgage given a number of years ago
Dy tiie Defmaryia Telephone Company.
ihe property covered by such mortgage
ana so offered for sale was sold for
sloo'ooO to the Diamond State Telephone
company The amount secured was
suhsclent to pay the bonds secured by
the mortgage under which the fore
closure sale was held. As a result. the
automatic telephone business Will nee
essarlly be terminated
IL is understood that The Diamond
STATE Telephone Company will offer 10
substitute its service to all stibscrib
ers OF the Automatic Telephone Com
pany IN lieu Of the automatic service
At the regular rates OF the Diamond
state Telephone Company, and without
making any installation charges The
automatic Company began business in
Wilmington in 1898.
Evening journal., 1919-06-12
TAKES BRIDE AFTER
Receiving DIPLOMA
+. L. Rash Graduates from
West Point and Weds
Miss Smalley
PARENTS ATTEND
DOUBLE WEDDING

Franklin L. Rash. son Of former Rep
resentative and Mrs Walter Rash. Of
No. jOi South Claymont street. was
one Of 2jJ members Of The student Of
ilcers class who received diplomas at
West Point yesterday from Secretary
Of War Baker. This class was grad
uated November last, bdi after the
armistice was signed was sent back
Tor a postgraduate course This was
really the 1921 class but was rushed
through owing TO the war.
Lieutenant Rash was also one OF
three members OF the class who We're
married Immediately following the ex-
ercises. Ills bride is Hiss Ruth Small
ley. OF scranton, Pa Mr.. and Mrs.
Rash, parents of The young officer. his
sister Miss Eta Rash and Miss Mildred
tones Of this city. attended the grad /
lating exercises .and also the wedding. |
t was a fun military wedding and |
ook place in the Cadet chapel at West /
Point. The young couple are spending |
heir honeymoon at Ocean City. y. J. 1
ie Will leave for France with his class
IN July 40 for four months duty in
hat country.
Lieutenant Rash is a graduate OF the
High school and is well
nOwn in this city He was with the
elaware National Guard on the Mex
AN border and while there was cor /.
'spondent for The Evening Journal. !
Miss Smalley. The bride, formerly 4,
we'd in This city
Evening journal., 1919-06-12
ALL "FLU' BILLS
MUST BE |TEAIzED
Council Won't Pay Until
This Detail is Com
piled With
CITY PREPARES TO
GET MORE REVENUE

Members Of City Council as q com
millee Of the whole last night consid-
cred four proposed ordinances which
had been given the first and second
readings at the meeting last Thursday
night. The porposcd measures were
discussed at length. City Solicitor Bay
ara explaining the legal aspects Of each.
Among these measures is that allow
ing The Street and Sewer Department to
issue bonds for street Improvement.
The license tax for pawnbrokers and
Junk dealers was fixed at 500 a year
and the taXicab tax was placed at $50
q year on each machine
The question Of taxing underground
vaults was discussed This tax will be
levied according TO the size Of the vault.
All OF these measures will be consid-
cred at tonight's meeting when the
cOuncilmen viii confer with the repre-
sentatiyes Of the taxicab companies
relative 10 the rates to be charged by !
them and the necessity OF the drivers |
wearing badges SO that they can be |
identified.
The much discussed and shunted in
luenza epidemic bills were also consld-
red last night after which ID was an.
bounced that these bills owed 10 deal
rs and Others will be paid when they
re itemized in a manner to meet the
pproval OF the cOuncilmen. Some Of |,
he bills presented. 10 was said. are not /
n proper form. Those bills that are {
.emzed viii be paid at tonight's ses-
ion Of Council. u
Evening journal., 1919-06-12
KEADR1CK HEADS
SHRINERS OF us.
Philsd elrhian Elected I'm
periaI Poientate by Ballot
Of Gold at Indianapolis
LU LU BAND
WINS NEW HONORS

INDIANAPOLIS, Ind, June i2.-Wih
the presentation of a unanimous ballot
fOf gold W. Freelsnd kendrlck OF La
Lu Temple. Philadelphia, yesterday be-
came imperial potenlate Of the Ancient
Arabic. Order Mobiles Of the Mystic
Shrine for the domain OF North Amer
lea. Elias j. JacOby, Of Indianapolis
imperial potentate, became past i'm
peial pOtentate.
Conrad V. Dykeman, Of Brooklyn.
was elected imperial high priest; Ellis
/. Garrelson. Tacoma, Wash. deputy
imperial pOtentate; Ernest 4. Cults. Sa-
yannah, Ga imperial chief rahban. and
James :. McCandless. OF Honolulu. i'm
perial assistant rsbban. James +.
Chandler. Kansas \City, was elected i'm
perial Oriental guide; James C. Burger,
Denver imperial first ceremonial mas
ter. and David W. Crosand Montgom-
cry, Ala, second imperial ceremonial
master.
Lulu Patrol Band and mobiles were
permitted to enter the temple to witt
ness the election OF the deputy impe-
rial potentate to the highest Shrine
office, and when d. Whiting Estes |
Dotentaie Of Amas Temple, Washing /
.on, and candidate for imperial outer |
guard presented the ballot, the La La I
delegation burst into applause that did /
lot subSide for many minutes.
in spite Of the fact that there are
scores Of bands here representing tenn
lies in every section OF the United
states and Canada, the iO5-piece band
u La Lu Temple is carrying off the
ions share OF honors.
Evening journal., 1919-06-12
largest Paid Paid Circulate" The Evening Journal
HURLEY ASKS new
SHIPBUILDING PLAN
Says Private Enterprise is
Hampered by Un-
certainty
MAKlNG MONEY
OFF CONSTRUCTION

WASHINGTON, June i2.-Contnuing
his testimony yesterday before the SEN
ale Commerce Committee, Chairman
Hurley, OF the Shipbuildng Board, said
he did not think il would DE wise 10
continue with The original program N
government shipbulding at cost OF
seOOOOO,000 and take the chance OF sell
ing the ships in the oren market
10 was developed that two ships were
sold recently at S2i0 a ton, or $40 a ton
more than they cost, and Srnator
Moses Republican. New Hampshire
suggested that it might be well for tile
board 10 build the 3.0000O0 tons of steel
ships contracts for which were can
cellcd recently
The chairman told The committee de-
Nclopment Of private shipping enter
prise was hampered by lack Of knowl-
edge as 20 what disposition was 10 be
made Of the government 1cct, and said
he was ready 10 take mp the question
Of a permanent government policy.
Evening journal., 1919-06-12
RAILWAYSTAFFJ JOBS
AVERAGED Sl9,4lS
Pcmerehe Reveals Huge
Total of $l,398, 100 Re.
ceived by II Aides
CALLS CONDITION
"A GREAT SHAME"

WASHINGTON June i2.-The old
order Of things, so far as the payment
or huge salaries 10 railroad officials
prevails under the federal operation ~
The roads, Senator Pomerene. Demo-
crat, declared in the Senate yesterday
lie read into the Congressional Rec
srd the payroll OF the Office of the di-
rector. general Of railroads. showing
That the seventy-two men on the per-
sonal STAFF Of the director general re-
ceiVe salaries aggregating 81, ,39S. 100 an
nually. The list follows:
Five men at $4,000 each. two at
5000 each. three at $4,000. two at
10000, eight at $4,000, eleven at 500
VU5, one dt SlS,jOO one at $4,000 one
at SiI,J00 six at $1,000 one at STA
900. one at Si3.20O. one at Sl2.500 four
al $4,000, one at si0,S00, one at SiO.-
6OO and tWeniy-three 4 $1,000 each.
Senator Pomercne pointed out that
the average salary paid 10 seventy
two men on the personal staff of the |
director general is $40, ,iis.
This condition is a shame said |
senator POmerene. in speaking on the
Iummins bin restoring the rate-mak-
ng power TO the Interstate Commerce
Commission. at is very unfortunate
hat the railroad administration talked
70 much about economy and then sup
Dlied the railroad officials with salar-
es that brought about the same old
rider Of things. 10 is a shame that
uch an official as Chief Justice White
Il the Supreme Court OF the United ,
tates, receives only $4,000 a year,
While the railroad administration pays {
uch salaries at these. Il is a situa- /
.on such as has convinced me that the {
ontrol OF the railroads by the federal .
Overnment should end" {
Senator King, Democrat OF Utah. I
aid that under federal operation OF \
ne railroads "there are 1900 more | n
nployes now doing the same work"
rat was performed by the employees a
nder private operations Of the roads. IA
They are simply loafing on the Job" "
? said. "They realize that they ARE e.
orking FOR the federal Government ~
nd do not care whether their work Z,
i done or not" h
Evening journal., 1919-06-12
STOP, LOOK, Then
LISTEN, TOMORROW
IS FRIDAY, 18TH!
.Continued from Flrst pare |


leaving all sorts OF chances omen for
shipments Of edibles that couldn't come
Anyway you figure. it pays to walk
clrcumspectly from now until Saiur-
day. Eschew black cats and dispufe5
on the fate OF the league of nations.
Pass not under ladders nor between
The carriages OF funerals. even if YOU
nave to go home by trolley instead OF
The 5.i2. Above all. il Friday be YOUR
payday keep your fingers crossed and
your hands in your pockets when an
preached by a wife.
Ihus, il you are wise and modest
and not too boastful the gods Of I'M
luck may pass you by. nor swat Won
WIN anything harder than bridal his
cuils OF a SO dun for thiriy-two cents
worth Of knitted, knecless bathing suif
Tor the one woman, It all depends.
however.
Friday the thirteenth is like anv other
lay' IN mat YOU may wake I'm ten
years from now to the fact that il done 1
you dirt when you Thought vou'd |
'hlddeed safely by all its pitfalls.
30 bum a little candle for voiirself
ma trust to nothing but fools luck
you've had ample warning. so irs
low up 10 YOU
Evening journal., 1919-06-12
Tms DRIVER roo FASr

For violating the traflc rules in
passing pas, a trolley car while discharg-
ing passengers. Samuel Kranedas was
lIneu 50 and costs by Judge Church.
man, IN Municipal Court This morning
William l.. Weldin, chief detective
ol me traction company. testified thai
as the trolley car, on which ho yos
r'dlns' stopped TO discharge nassen1
gers at .Twenty-slxth and NIartc,
streets about SIS O'Clock ON tbe eTe'
nins OF June Z, Kranedas drove mast
IN an automobile at rate Of bet,Sec,,
80 and 30 miles an hour. barely mis-
ing knocking down a man who had
just left the car. ''''
Evening journal., 1919-06-12
Il IN FRIENDS
CLASS THIS YEAR
DR.. W. |. Hill to Addres S
Graduates at Commence.
ment Exercises
GRAMMAR PUPILS
ENTERTAIN TO-DAY

Commencement exercises Of Friends
School will be held tomorrow morning
at 1890 o'clock in the Meeting House.
Fourth and West streets.
The address 10 The graduates will be
given by DR.. William l. Hull Of swarth-
more, Pa. Richard Logan COoch's es-
say subject is "rhe Romance Of the
Sailing Ships" Anna Wilbraham Wright
Bells The dew Art Of the Theatre.
and Edward BancrOfts, " Bird NIigra-
tons Irene Hamilton Will present
The Violin and Some Of its Masters
Of Today"
The preseCtat on Of diplomas will be
made by Professor Hcrcse; 4. Norris.
principal Of Friends School
There ire wslve meb,hers OF the
graduating class this year
Following is the class list
Edward Bancroft, Annie Wilbraham
Wright Bell, Katherine Marie Collision.
Richard Logan Cooch, Alice Stirling
Finn, Lois Garrett, Irene Hamilton.
Howard John Hollingsworth, John
Meade. Dorothy Randolph. Willard Al
len Speakman, Jr.,, Charles Warner, Jr /
The closing exercises Of tho gram |
mar school was held this morning, /
many parents and friends Of the stu
tents attending
The program was as follows Chorus.
In Maytime,' girls's grammar school;
lible selection, SiXty-seventh Psalm;
Vacation Song Josephine Mode; THE
'otter,' Albert Wood; 1T Is Worth
While, Anne Philips Paul Reveres
lide, Gordan Gavan; Two Useful
Evening journal., 1919-06-12
TAX APPLIES on s,IE SD,cr

WASHINGTON. June i2.-Officials of
the Internal Revenue Bureau have
gleareu up confusion existing in the
ury goods trade as to whether discounts
granted subsequent to the sale Of tax
apie articles can be deducted in com
putlng the luxury tax to be paid there
The decision is that these discounts
cannot be allowed. The regulations
STATE specifically that the tax is meas
ured by the price for which the article
IS sold and discounts given later in re-
urn ior cash payment in full do nos
aifeet The Situation