davidaulloa/AmericanStories huggingface dataset:
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

In Testimony Whereof. have hereunto
set my hand and affixed the Great
lahassee, the Cspital. this the TWEEN
ty-fourth day of August, A. d. 1922.
(SEAL) II. CLAY CRAWFORD,
Secretary of State.
To p. NJ Hagan, Sheriff Putnam Coun-
81. s. is. %. %: 1o.s. u. 20. 81; 1l-s
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

FOR RENT : Broom partly fur
nished house on Dodge street. I. ].
Knight, Real Estate and Insurance.
9-20-3t
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

WANTED - To buy 6 or 8-foot
showcase in good condition Phone
SGT. 9-8-tf
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

FOR SALE - Studebaker Special
Six; good as new; mechanically per-
feet; fully equipped. Sacrifice for
quick sale. G. M. Shearouse. 9-21-6t
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

WE BUY L. L. Y. P, Random and
Green Boards. Write US how much of
this you cut, and if you can cut
schedules as well. We want regular
shippers. Schell-Sasse Manufacturing
Company, P. O. Box No. 1892, Jack
sonville, Fla.
OH DO % 0T-1n-1 4
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

WANTED - Furniture repainting,
repairing and upholstering of all
kinds. Model Painting & Trimming
Company, First street. 8-28-1mo
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

FOR RENT-Uholce Offices in
Merryday Building over State Bank.
Rooms both single and en- suite. APP
ply W. a. Merryday Company, North
First Street. Dec. l-tf
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22
CLASSIFIED ADS

FOR SALE : Good fat hens. APP
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

FOR RENT - 8 furnished rooms
for light housekeeping. Phone BAL.
207 South 18th street. 9-6-tf
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

FOR SALE-Dodge touring car, in
perfect condition; has been run less
than 5000 miles; has double oversize
cord tires all round practically new,
and one extra tire never been put on
car. A genuine bargain for quick
sale. Ford Sales Co. 9-3-tf
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

FOR SALE-46 shares of the cap
ital stock of the Putnam National
Bank of Florida. Address Mrs. Jes.
sic T. Hodges, Jacksonville. Fla,
1888 Main street. 9-1-3w
Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-09-22

WANTED - You to try a Bank
ers' Choice Cigar. The leading seller
on Wall street. Florida Grocery Co.,
Distributors. 9-4-tf
Evening star., 1922-03-13

loss resulting from the sale OF the tax
payers own residence was not de-
ductibie loss" Would this rule apply
under the following circumstances: II
inherited home In 1915 and paid the
federal authorities Inheritance taxes on
an accruAl appraisement Of $4,000. I
lived in the house six years.. selling 1t
In 1921 for $25,00Q. May L not ciatm
q reduction for my loss of $1,000? 1t
was not a transaction entered into for
profit. You will note I did not buy the
house, but inherited It.
A. You may deduct as loss the ex-
cess Of the selling price over the fair
market value Of the property Mt the
time Of inheritance tless proper depre-
ciation). .
Evening star., 1922-03-13
Cattle Trading, Southwest,
increases Tremendousiy
by JAMES r.. RECOItD.

Special Dispatch to The Star.
FORT WORTH. Tex, MARCH 13-
Buying and selling Of cattle increased
tremendously in volume in, the last
week throughout the Southwest. A
better business spirit has developed
in the ranch country in consequence.
In south Texas one buyer alone WAS
In the market for 100000 head of cet-
tie and in the panhandle, 10000 steers
were sold by ranchmen during the
week. All of these were sold to men
who will move them to western pas
lures for further fatening ana final
ton to improved demand. are con-
fronted with higher prices and a ris-
Ing market.
Wheat and corn prices are higher.
as are those for hogs. and the agri-
cultural situation: has been made 100
per cent brighter by the heavy snow
fall of last week, which was none
the less beneficial because it came SO
late in the season. At some points
the snow was three feet deep.
Wool prices have advanced for the
Texas producer. The wool grower is
now receiving s cents a pound more
than he got for his clip in 1921 Nut
ton sales along the border were heavy
last week. the larger portion of the
stock going to Illinois interests. Most
Of them will be shipped north for fat
tening. 49,.
Potatoes and cabbage were damaged
by last weeks blizzard. Cotton
planters are expected to increase
their acreage in Texas somewhat this
season
Evening star., 1922-03-13
STEEL AND METAL OUTPUT.

NEW YORK. March 13.-Practically
all visible factors Of the steel indus
try show improvement. The steel
fngot production in February gained
14S.S63 gross tons over January. or a
little over 9 per cent. The output
for the month totaled 1,742.345 gross
tons for the thirty companies report
ing to the American Iron and Steel
Institute. This would mean an esti-
mated figure for the entire United
States of 2.069.2s3 tons for the month.
Pig iron production in February
showed a gain of 5,151 tons a day. or
as 5s.214 tons daily in February. COM
pared with 5S,063 tons daily the
month before. Total pig iron pro-
duction in February was 1.Sss,ss1
tons.
The United States Steel Corporation
Is now operating at slightly better
than so per cent Of capacity. Judge
Gary says: II have seen no suostan-
tial evidence Of general. rapid re-
covery to normalcy. so.csiled. fron-
ably it is better SO. The natural laws
applying to business are grinding
slowly, but surely. and VIII compel;
soon or late. stability. progress ana
prosperity"
Evening star., 1922-03-13
Building Continues Active
Despite Labor Troubles
BY LYNN>C. SIMPSON.


Special Dispatch to The STAR
SAN FRANCISCO. March ia
sudden halt has taken place in the
boom for Investment securities. This
may be explained in part by the ap-
proach of the date for income tax
settlement. There has been a marked
decrease in trading in stocks here and
money is a little less easy than 1t has
been for some weeks, although there
is no change in interest rates. The
lull is regarded as a healthy sign.
+ Building continues active, although
labor disputes in some districts have
acted as q check. The demand for in
creased housing and office facilities
the district cannot be
long denied.
The movement Of early vegetable
crops to market has been delayed to
some extent by the unusually cold
weather. Asparagus is particularly
slow. This will curtail. total ship
ments.
A sharp revival of charter inquiries
has improved the shipping situation
for the time being and subsidy propo-
sails also have been a factor in bright
ening the outlook for shipping. The
Independent prune growers are prac-
ticaliy out of the market, leaving the
growers association in control OF
practically all the stock on hand The
sharp advance in prune prices has
been followed by renewed demand.
Evening star., 1922-03-13

eu0lecS ($6.0OO or less In each issue Z
lc2 To what tax are such DIVIDENDS
Telegraph, Standard Oil N. J.. pre-.
ferred, Home Insurance. ETC., subjectS
(d) I assume that mortgages and
corporation bonds Il. e.. 'such as
Standard OIL New York. New YORK
Telephone Company. Telephone ana
Telegraph) are subject to both Norman
and surtax. Is this correct?
(b) None at all. y -
lc) Surtax only.
(d) Yes, the interest. is fully tax
Q. d6s)-About April 1. 1904. I signed
a contract to purchase, by monthly pay
price was 3l.750., l finished paving April
J.. 1917. after, paying in $a,loo. Taxes
and assessments amounted to over nan
OF the difference between the purehase
price and the total. the balance being
interest charges. There was no MAJ,
continue paying taxes and Assessments
and suffer the loss Of interest FOR four
years more. April Is, 1921, / sold out
Tor $3.100. Taxes and assessments our
Ing these four years alone amounted 70
?340. The loss Of interest on 3d. LOO dur
could be bought TO yield Z per cent
would amount to $500 or more. Without
adding to this, the loss Of interest on
the money paid In during the thirteen
years from 1904 to 1917 would probably
make it another $1,000. l ffgure that
loss Of no less than $1,000. Can claim
exemption on the strength Of these facts:
and, II so. how must / go about IT!
6; Can =. give ;t ,s4'1oe as the purchase price
"A. You must take your actual pur-
- IA
l. 1913, value was greater). and deduct
1t from your selling price to determine
your taxable gain. Your cost, however:
should be increased by interest and
taxes actually paid or accrued up to
March l. 1913. 4 recent decision Of The ,is
Feb. s. 1929. forbIds the addition Of
taxes. interest and other carrying
charges" to cost Cor March !, 1913.
yalue) even II such expenses were NOT
deducted in the taxpayers returns. The
validity Of the decision is questionable.
@. (170)--Would your income return
adviser let me know through your col
uinns II it IS necessary to make return
where the total gross income is $4,000?
"A. No. unless you have net income
Of $1,000 Cor $4,000 See Article XIV
Q. 17l)-I dissolved partnership on
August 81. 1921. and on September !.
1891. entered into a new partnership
agreement, with different partner. but
using the same firm name as before.
How should file my partnership re-
turn and my individual return? ~
A. File individual return. az usual.
but file two partnership returns. one for
each Of the two firms.
q. n72)-My wife died about the
middle Of the year 1921. What exemp-
,tion have I? Am I allowed to deduct
the funeral. doctors and hospital ex-
penses? Am I allowed part Of the
year my wife was living as exemption:
A. Deduction OF $1,000 only. unless
you have dependent children or other
deDendents.
Q. (173)-I am subscriber to your
paper and note in one OF your articles
on "I,rnm~ Tn~" ftsn, -. "that fhA
Evening star., 1922-03-13
COTTON MARKETS.

NEW YORK, March 1s.-Unexpect-
edly steady Liverpool cables and
prospects for further rains in the
eastern belt, gave the cotton market
day. early trading. There was con-
siderable realizing at the start and
tome southern selling, with the open
ing net points lower to 2: points
higher. but prices steadied up after
the publication Of the eastern, belt
showing net advances of 3 to s points.
! May sold at 1903 and July At 17.33.
/, Private cables said that Liverpool
had opened easier. because of unset
tied political conditions, but that Of
ferings were light and that prices
trade in Manchester. - .-.-
Futures opened steady: March,
1880; May. 1904; July. 1880; October.
1858: December. 1914. -.
NEW ORLEANS. March 1a.-After
| rising S points on the opening call in
sympathy with good ,Ltverpooi
OH to levels ) to points under tho
close of last week on reports Of rains
In west Texas and Oklahoma. After
May traded down to 1853. the market
i felt q new demand. based on q prf-
| vate bureau report, showing Amer.
iean consumption during February OF
the same month last year. May rose
to 1888. at which level the Fist stood
! at net gains Of IL to II points,
Futures opened steady; March,
! 1878; May. 1915; July. 1856; October.
1898: December, 1878. -...,
LIVERPOOL, March .13.-Cotton-
Spot in good demand. but, business
moderate; prices steady. Good mid
ding. l1.28: fully middling, ,10.s&;
middlinE. 1863: low middlinE. .s.7s;
! good ordinary. S.s4; ordinary. S.44.
Sales: 10000 ,s;l. bales ineluding aen 5000
| American. Futures closed steady
March, 10.47; May, 1898; July, 1881
! October, s.s2: December. s.e3: Janu-
ary. 9.6s.
Evening star., 1922-03-13

fors@ or after such pale or other 'dis-
position the taxpa$er has acquired
80 substantially identical prop
erty. and the property 50 acquired is
held by the taxpayer for any period
after such sale or disposition"
AS I stated before. only dealers in
securities are permitted to inventory
their holdings. Where holdings are
thus inventoried. cost or market,
whichever is lower" governs. 1t Is
comparatively easy, ordinarily, to de.
termtHe the market value Of securi-
ties on the basis OF stock exchange or
similar quotations. Where such quo
tations are not available tho meth
DDS employed to ascertain market
value are those which have proved
practical in connection with apprals-
ais for, Inheritance tax purposes. Al
though it is not difficult generally to
determine the market value Of Sc
curities. it is. much harder to decide
whether a given individual or cor
poration is q dealer in securities. To.
morrow's discussion of this topic will
Evening star., 1922-03-13
ISSUES
F|RSiTcALL OF 1922
Asks for Condition Of All
Banks in The District at
Close March 10.

The controller of the currency is
sued the first call of 1922 today for
the condition of all national banks
hnd other banks in the District OF
Columbia at the close of businsss on
Friday. March TO-
The previous call of the controller
was for December 81, 1921, and while
comparative figures for all local fnan-
etal institutions will not be available
tor several days, statements from
.nree or four banks Of each class, se-
iected at random, indicate increases in
deposits as of conditions at the last
call.
Heavy Government withdrawaI.
The United States Treasury will call
upon the depository banks for repay
ment March Is of about one-third Of
government deposits made with them
February l last.
The purpose of this heavy with
drawsl Is to meet Treasury maturities
OF certificates on Wednesday. The
February l deposits referred to ara
those resulting from the sale On that
date OF ~ per cent Treasury notes
Of $601.599.500 was allotted through
out the country.
United States on Protection.
barrels of oil in 1921, 61.9 per cent
OF the worlds total, according to
estimate of the American Petroleum
Institute.
Production for the entire world last
year was 759.030.000 barrels. com
1890; Last years was record pro-
duction, an increase Of SO per cent
over 1920.
Mexico exceeded any previous year
with 195.064.000 barrels. compared
with 1ss.54e,ooo barrels in 1920, or
Production in the United States
and Mexico combined. 664,7o3.o00
barrels in 1921, represented S7.S per
cent of the world total.
Figures for Russia are incomplete.
but are estimated at 25,50o.0o0 bar
1920. Russia still retains third place.
Official figures on Dutch East In
dies production are also lacking. but
reports indicate little change from
1920. Persia's unofficial production,
estimated by the. institute at l4.soo.-
greater than 1920.
Venezuelan production for 1921 is
estimated at 1,07S.000 barrels. or
more than double the 4Ss, ,SyS barrels
produced in 1920.
Stock Exchange Banquet
Rapid progress is being made by
the committee in charge of arrange
ments for the annual dinner to be
given by the Washington Stock Ex-
change at the New Willard Hotel
April /, according to Eugene E.
Thompson of Crane, Paris G. Co.
Mr.. Thompson said today that the
affair would surpass anything of its
kind ever attempted by the exchange
and that the list Of speakers, which
will be announced shortly. would
contain men of national reputation.
w. w Spaid of Hibbs & Co.. chair
man of the entertainment committee,
is in New York on a business trip,
and it is said that while there he
will personally invite many of the
most noted financierS of the country.
Evening star., 1922-03-13
WOOL MORE ACTIVE.

BOSTON, March 13 (SpeciaD.-
Slightly more activity WIS manifest in
the wool market here today. The re-
cent arrivals by vessel from the Pacific
coast have given the wool trade some
thing to work on, although the bulk OF
these were already sold and did not
come on the market. Fine. fine medium
staple and clothing wools and half
bleods still are very scare. and prices
in general are firm, with little change.
Tops and yarns were firm. The shear
ing in Arizona has been put back by
bad weather. and little contracting has
been recorded.
Growers are holding out firmly for
40 cents a pound for fine and fine me-
dium woods of the Utah type. with buy
ers unwilling to meet those figures.
Texas fine twelve months is quoted at
$l.05 to $1.10 secured, with fine eight
months at 90a95 cents.
Evening star., 1922-03-13
QUESTIONS AND ANswBRs.

conclude the discussion Of tnvsh-
tories.
QUESTIONS AND ANswERs.
@. usD-tao I had an income Of
s5,4SO during the year 1921. have q
wife and.four children under eighteen
years of age. Am buying my own
home and paid $50 81 Int, interest: on mort
Sonse also paid y161.A incoma tas
to the government and t3s.ss to the
state for the year 1920. Can I deduct
ali the above $4.l00 for myself and
lb1 When making out state tax
form can / deduct the amount pay to
the government for taxes7
A. (a) On your federal tax return
you may deduct all OF the expenses
listed above except federal income
tax: You are entitled to an exemption
q. iss1-(a) What il the exemption
to $500? Is it $2.2so for q married
man? !
. o. To what tax. II any, are the
liberty bonds other than victory bonds
Evening star., 1922-03-13
DRY GOODS MORE ACTIVE.

NEW YORK, March 13 tSpecial).-
There was a slight increase in ac-
tivity on the dry goods market to-
day. although business in general
was confined to small lots. Offers
slightly below the prevailing quo
tations for the wider print cloths
found mills firm in their demands.
The continued demand for three-yard
sheetings for export had relieved that
section of the market from weakness.
Pajama checks. drills and sateens
were dull, but there was some busi-
ness in shirtings. The narrower
print cloth constructions continued
in fair demand.
The silk market was very dull, but
prices were fairly firm. In the fin
ished silk goods some business was
recorded in sport silks and ribbons.
Evening star., 1922-03-13
q. s. WORLD BUTTON MAKER,

NEW YORK. March 1s.-The world
has apparently turned to the United
States for its button2 Since the. war
this country has exported $4,000, 900
tries and colonies, according to the
National City Bank. OF pearl buttons
alone direct sales were made to sixty
countries and colonies in 1920, the
banks experts declare. The trade
record adds that Japan, always alert
in recognized developments in the
worlds needs. also has tremendously
increased her button output OF recent
years. especially that Of pearl but
tons.
Evening star., 1922-03-13
will be coming on the market oy the
end Of the summer.
Notes..

N0te0s
DETRoIT. March 13 (SpeciaO.-The
,.test renort Of the Detroit Employ
ers' Association shows that last week
marked the iarss:. insrss:e %Ssrs arr IN ns~ e%v
fec nno men employed. A year ago
there were $1,000 men at work.
t-oNNELLSvILLE. Pa. March 13
tspeciall.-All freight records we're
exceeded by the Connsllsyiae diyision ;1
in February. There was an increase
of 1s per cent over January and 81
her cent over February, 1891.
MINNEAPOLIS. March 1s Especially.
construction planned by
this city during the present year will
total s7.5oo.0o0 and will give work to
$3.50 men. Street improvements will
cost S3.100.0oo; schools. $500. 900;
parks, $750.oo0. and water supply.
S50O, 900. The new Federal Reserve
Rank building, the first unit OF which
will cost s2.ooe.ooo, will furnish work
for 500 men.
Evening star., 1922-03-13

ARTICLE Xiv.
Ono Of tho special applications OF
is to dealers in securities.
THE ordinary investor is not permit
ted 70 take into consideration the
market value Of the securities, at the
lead Of the year, nor to determine his
.proflt or loss. Since the enactment
iFevenue act Of 1915, losses resulting
from all lawful transactions entered
INTO for profit have been deductible.
Evening star., 1922-03-13

1t became the custom to register
losses at the end Of the year. The
usual. process Of 10 registering loss
was to sell ones securities toward
the end of the year, and either i'm
mediately prior to. such sale or I'M
mediately thereafter to purchase
similar securities. For the purpose Of
abolishing this practice after Novem-
ber 23,-1S21, section pa Gay -(5) and
section 234 (a) 90 were Incorporated
in the new law. They provide, that
no deduction shall be- allowed where
1t appears that within thirty days be-
Evening star., 1922-03-13
Washington Stock Exchange

SALES.
Mergenthafer Linotype-lo at lab. 10 at 40,
at 1881. 10 at l49. 10 at I40h, 10 at
149h, 10 at 140&, 10 at 149K.
AFTER CALL.
Washington Railway and Electric pfd.-10
Mersenthaier Linotype-10 At 14e4, 10 at
143M. 10 At 140x.
Warrington Gas 7As-sl.ooo At io6K. $500
at l05A.
Money-Cali loans. Sac per cent.
Evening star., 1922-03-13
Commodity Reports
From Various Sections
Fish.

SEATTLE, March 13 (Specia).-
It is expected that the iced and boxed
British Columbia halibut shipments,
which moved in heavy quantities
last year from Prince Rupert to
American eastern cities. Will be di-
verted to other markets il the pend
Ing tariff measure is adopted. The
fish entered the United States duty
free last year. =.
Evening star., 1922-03-13

tain the right mouth conditions.
Correct-in Practice. Today scien-
tifc dentists know that harsh drugs
and chemicals harm mouth tissues.
Colgate's Ribbon Dental Cream
does not contain them. Authorities
agree that dentifrice should do
only one thing-clean teeth thor
oughly. Colgate's does this. No
false claims are made that Colgate's
possesses any other virtue, but it
does possess this one in the highest
degree, and in higher degree than
any other kind of dentifrice.
Evening star., 1922-03-13
PARIS BoURsE IMPROVES.

PARIS. March, 12.-Prices improved
on the bourse today. Three per cent
rentes, 50 francs Is centirnes. Ex-
change on London, 49 francs 10 CEN
centimes. The dollar was quoted at IL
francs % centimeS, ..:.-
Evening star., 1922-03-13
DIVIDENDS.

Stock of Pay
A Record. able
J. l. Case, q. pf, $I.75....... Mar. IS Apr. !
Cluett. Peabody Co. q. pr.
S1.75 .......................M Mar. Fl Apr.
Detroit Edison c.. q. s.. 80. Mar. 81 Apr. is
Minneapolis. st. Paul & Saulte
Ste. Marie, s-a. cT........ Mar. . Apr. Ii
nneapolfs. St. Paul Saulte
Ste. Marie, s-a, pf, &C.,. Mar. p Apr. Is
State Bank q, $4...........M Mar. Is Apr. 1
White Motor Co. q. H....... Mar. Il Mar. 81
Williams Tool Corp. q, pf, 81. Mar. 20 Apr.
Evening star., 1922-03-13
OIL.

KANSAS CITY, March is Especially
Oil experts gathered here declared to-
day that the oil supplies of the mid
continent field had hardly been tap
ped and that in drilling operations
were going deeper and finding more
oil all the time.