Evening star., 1920-07-13
CAPITAL STOCK TAX
INFORMATION DUE
Progress of Arrangements
for the A. B. A. Convention.
Local Stock Market.
BY /. A. FLEMING.

Information relating to the capital
stock tax. brokers' taxes. brokers' spe-
cial tax, etc, must be filed with the in
ternal revenue bureau during the cur
rent month. and are payable on presen-
tation of the bill by the collector.
Every corporation must furnish a
statement covering capital stock,
whether subject to taxation or not.
The stock tax is one dollar per 3 600
on the entire capital stock in excess of
IS, ,000-that is, there is an exemption
of that amount.
brokers special tax is $50 a year and
can be paid monthly if desired; members
of the Stock Exchange. seats on which
are selling from $1,000 to $4,000. pay
500 year and when seats have A value
of over $1,000 a tax of $50 is collected
Shipbrokers are, assessed $50, CUSTOM
house brokers the same amount and
pawnbrckers are called upon to pay
800
Penalties are imposed for failure to
furnish the required data.
American Association Convention.
r. N. Harper, president of~the Dis
trict Bankers Association, will call
the executive council in session this
week for the purpose of pressing on
with the American Bankers Associa-
L
tees are ready to report.
Tom Grant. secretary. is busy every
day at headquarters scheduling aD-
plications for accommodations, study
ing the seating capacity of the vari-
Gus places where meetings of the sec
tions will mold their meetings, using
practically every sizable place in the
city. Efforts are being made to Sc
cure the Palace Theater for the gem
eral sessions, as the largest audi
to rum in the city.
William G.. Fitzwilson, assistant
secretary and treasurer of the Ameri-
can Bankers Association, was down
here yesterday looking over the ar
rangments which have been made to
date. According to his statement the
day will be devoted to the entertain
ment of the guests. He approves
eterything that has been done. In
dications point to over 1000 guests
here for the convention.
Railway Preferred Firm.
: Ther< were bids of 41h for Rail-
way preferred today without induc-
ing selling. finally a small lot was
offered at 41h and taken. There is
no question but what holders have
stiffened their views very materially
levels.
Capital Traction firm at s5.
A sale of Lanston, the first for near
ly month, was reported al IA
A number of odd lots of Gas stock
sold at 45 and an odd lot at ASK
Bonds were slod $500 Capital Trac-
tion IS selling at So
On Police jury.
William B. Hihbs banker and brok-
er. has been called to do jury duty
in the Police Court. These are the
days when bankers and brokers are
doing jury duty for an entire month.
with small chance for escaping.
Business is no excuse
Gold Imports.
Gold to the amount of ss.s0d. coo
arrived at New York yesterday, with
another million on the New York
bound for the same port.
Buying h4 Per Cent Certificates.
While the rate on the latest issue
of Treasury certificates is but . S4 per
cent. it is still high enough to induce
large investment of private money.
which owners hesitate to invest in
the security markets under existing
conditions and with no assurance that
there is relief in present stringent
monetary conditions.
Commercial paper is offered in any
quantity at per cent, but the ultra
ernment security even at 5S4 per cent
July Is Financing.
United States certificates of indebt-
edness. series F.. 1920. will mature on
Thursday of this week. SS3.903. .000
Provision for their retirement was
made in the latest issues