Evening star., 1920-03-17
uEAR|N@S REFLECT.
PAYMENT OF TAXES
80
!4oday's Fipures Are Near
High RECORD for Local
Banks.
RI Z. \. FLEMING.


yions today totaled s3.c7a.000 and are
very close TIP the high record-for daily
-elearings. They reflect in a measure
The payment of income taxes on the
final day. as! the collector of the Mary
land district. where Washington pays
its income taxes. is compelled under
the law to make depds't of checks
daily
Yesterdays clearings also rehee; tax
'n,vm.nts in a measure. totslng s2,-
"o1 900
ainsfr sfyae course Of business rs "a ,1:1 few
hundred thousands ahove thS '"o-m'!-
lion mark.
Payments in full have been made
chiefly by individuals. as iTS "'' nu
.porations and firms h@Ei'$ i2r2"
s ssivss Of the pr;vi's.~a 81 paving in
four ins,allments. p .'srs1 IS no nHn-
atty attached thereto "u| 20 a'""a't''
Of interest for payments in tuli as
there was for advance payments iaS'
year. ....,.
Any estimates as > Y" am"In,S
taken in have been me:f gaessWorh.
unless. perhaps. based OH last >tT ;
total for the District. butt fh's "ohin
not be at all accurate, as tine normal TAX
this wear is per cent instead o. per
rent on the first 81 900 of taxable ir-
come and the normal tax on larger
amounts per cent instead OF l. per
cent while the corporation tax was
also reduced to 10 per CcRt.
FINAL navments on achouni of 1919
taxes will not be due until December
y. fact that shows thS futility OF es-
Inmates
With the Coupons On.
So far as known but one bank has
undertaken the exchange OF temporary
third liberty loan as for the perma-
,Ieut certificates. This institution. a
savings bank. reports that very many OF
the $40. 600 temporary bonds exchanged
by il had all the coupons intact. tne
holders having no idea OF the use to
which these coupons should be put The
exchange required the cutting on OF
certificates at Richmond to secure the
i.ew complete bonds Tor exchange and
then the surrender Of the old issue at
the Treasury.
Crucible steel stock Dividend.
The directors of the Crucible Steel
company of Pittsburgh cut the first
big ripe stock melon yesterday. when
they declared so per cent stock divl-
dend payable April 80 to the common
doing it they headed off any con-
gressfonal movement looking to make
void the stock dividend privilege. as
suggested YESTERDAY The dollar size
Of the melon is indicated by $12,ooo.-
600
Baldwin Locomotive is expected to
he the next meIon-cutter. although
g.. there is no telling just where the juicy
hutmegs will develop. but sharehold-
ers in some old and reliable corpora :
tons have started 70 talk os OF sns aime ne
this ma nner. to the satisfaction of in
tereSteG liStenerS.t
International BaakinE Proposition.
- 1t is reported around town that the
International Banking Company, which
mas bren in process OF formation IN TINS
city fer year or more. has reached
the stage where the managers are cast
ing abort for a good local man ro head
the bank The crop of available un-
attached candidates is said to be rather
Tght.
The ba mixing room recently vacated
by the Munsey TRUST Co.. is said to be
attractive to number OF wouid-be bank
nromofers but at least one trust COM
many has been making offers for that
site for wears without obta ming consid-
cration Munsey thrust Co. advertis
ing On the windows of a senli-perrnanent
character would se eem to indicate that
there will be no{ tenant in the near
future.
Foreign Exchange.
The pound sterling advanced today to
9:15 German rtnarks. frmer at 1.45
cents while Paris francs are qooted at
7.4s cents and lir1e at 5.53 cents.
LEGAL see.rftie~ More Active.
There was a decided improvement in
the volume of trading on the local
stock exchange today. but compare
lively little change in values.
Mergenthaler, was firmer. selling to
l31 and 131&, but the close was at
the inside figure. Lanston was steady
at 81 slight improvement.
Washington Gas securities moved a
little more FREELY. the stock at 461a
down TO As. and the ; per cent first
mortgage bonds at 81.
Railway preferred sold at 50. Con-
tinental Trust stock at no and Cap
hal Traction at S64
Potomac Electric general SIS sold
IT 81.
PersP Pnal Mention.
Senator Nathan f. Scott of the Con-
ffnental Trust Company has reached
Chicago to his return journey from
California. where he spent the winter
The senator lis reported in splendid
health and will be home in a day or
{wo.
SJoshua EVANS. jr.. cashier of the
Riggs National Bank. is still doing
Jury duty in t}he Police Court.