davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-02-27
BY EDISON b. SMITH.
Special Dispatch to The Star.

Special Dispatch to The Star.
BOSTON, February 27.-The feel
ing In business circles in New Eng
land Is decidedly more optimistic.
February normally is a very quiet
month and this year has been no
exception. but many concerns re-
port that they are doing more busi-
ness than they were in February a
year ago. and they expect March will
see Improvement in general trade. In
retail trade the holiday business was
good and held up until the middle OF
January, when a setback occurred. IT
Is probable that the widespread
strike in the cotton mills is respon- +
sible in large part for this curtali-
ment.
The strike continued the main
tonic of interest in business circles
today. The New Hampshire. Main
and Rhode Island mills are still
closed and manufacturers declare
firmly they will make no concessions.
A proposal in New Hampshire, for a
law limiting the hours of labor to
forty-eight week has met with
strong opposition from the farmers
of that state. The mill workers OBJ
week In the industrial plants. but
manufacturers say that SO long as
Southern mills work fifty-four hours
thew have no alternative but to follow
It is believed that IL the manu-
facturers defeat the strike in the
other New England states the big
Massachusetts, textile centers will an
nounce wage cuts and increase work
Evening star., 1922-02-27

inQuirerO
ARTICLE XXxvI.
The. five preceding articles dealt
with the very important topic of the
Basis for Determining Gain or Loss"
covered by section 202 Of the law. In
the article of last Friday I discussed
subdivision (d) % Of section 2o2. I
now direct the readers attention to
subdivision (d). (2s of the same sec
ton.
This subdivision results from situa-
tions which. while not Of everyday
occurrences, are, nevertheless. of con-
siderable Importance. 1t provides that
where property is compulsorily or
involuntarily converted into cash or
"(a) its destruction in whole or in
part. OBJ theft or seizure, OF ocl an
or condemnation, or the threat or i'm
minence thereof: and if the taxpayer
proceeds forthwith in good faith. un-
der regulations prescribed by the
commissioner with the approval of
the Secretary, to expend the pro-
ceeds Of such conversion in the ac-
QUESTION of other property OF a char
acter similar or related, In service or
use to the property so converted, or IN
the acquisition of 80 per centum or
more of the stock or shares OF cor
poration owning such other property,
or in the establishment of replace
ment fund, then there shall be allow
ed as a deduction such portion OF the
gain derived as the portion OF the
proceeds SO expended bears to the
entire proceeds"
An elucidation of the foregoing mat
ter will appear in tomorrow's Issue.
Questions and Answers.
Q. U1S)-Two men are equal part
ners in garage-one OF them is man
ager on a salary, the other makes MS
living from professional occupation.
(a) If the firm is required TO hle a
federal income report. in addition TO
one from each partner, who pays on
the firm income. the firm or each
partner pro rata?
Obj If no profits are divided and con-
sist entirely of merchandise or book
accounts. must payment be made on
these assets just as though IL were
cash divided or not?
(c) What are exemptions for single
man and married man. and now mucn
additional for each dependent child?
(d) IL net income is a dollar less
than family exemptions is a man re-
lieved from making income tax report
then?
A. (a) Partnership return is for in
formation only. The firm pays no tax;
Each partner shows on his individual
return his pro rata share of the prof
it's shown on the firms return.
OBJ Whether profits are distributed
or not they must be shown on the
partners individual returns.
| (c) See article XVI. Space is not
available for endless repetition.
Id $1,000 or $4,000 are the only
tests.
O. 119)-I am married. living with
nv wife, and have one child fourteen
years old. My sales for 1921 were
s9,66945 received interest from
fourth liberty bonds, $637.50. Interest
from savings account. s47.75. 1 paid
for merchandise $6,199.26. Expenses.
s1,742.03.
NV inventory is same as last year.
Must 1 make an income tax return.
and. if so. how much will my tax be?
Also please tell me what is meant by
gross income. Is it my merchandise
Evening star., 1922-02-27
FARM SENTIMENT BETTER.
Changers Beginning to- Realize
Others Suffered in 1921.

CHICAGO February 27.-1ncreased
prices for grain and live stock have
encouraged farmers in the seventh
district, the federal reserve bank of
Chicago reports in its review Of busi-
ness conditions for February. 8
IAN improved sentiment has ap-
peared not only because Of the in
crease in prices, but also because
many farmers are just beginning to
realize the extent to which other lines
Of industry suffered during, 1921" the
statement said.
The effect Of government aid. ac-
cording to the report, also 10 beginning
to be felt, especially in the western
half Of the district. Advances. ap-
proved for agricultural and livestock
purposes by the War Finance Cor
poration up to February Is amounted
to .$198,923,07s. of which $29, ,7SO, ,36s
was to states lying in the seventh dis
tIict, 1t was noted. m.s
Evening star., 1922-02-27
WILLIS OVERLAND MOVES.

TOLEDO, Ohio, February 27.-The
executive Offices Of the Willis over
land Company, which for years have
been maintained at 80 Vanderbilt
Concourse building, New York city.
and tha activities Of which centered
there, will be removed to Toledo,
John N. Wiuys. presidsnt the
company. announced hare. This 40.
tion was taken following Q special
meeting Of the directors OF the COM
pany held here last night
Evening star., 1922-02-27
OFFICIAL NOTICES.

trict Of Columbia, February 20. 1922. Notice
is hereby given that the pamphlet containing
list of taxes in arrears on real property in
thc District Of Columbia on July l, 1921. in
Guiding special assessments overdue, has been
printed and copies thereof are on sale at the
ONCE of the collector of taxes. d. c.. at $40 20
nenalties and costs, are not paid prior to
March II. 1922 the date fixed for sale. the
ton at the. Office of the collector Of taxes.
D. C., commencing March II. 1922. between
the hours of 10 am. and 4 pm. and CON
Timing each day, Sundays aAd legal holidays
excepted, until all such delinquent property
is sold. CUNO H. RUDOLPH. JAMES F.
OYSTER, CHARLES KELLER, Commission
e,s D. G. fe2O.21 81. .2s. .mh6.7
Evening star., 1922-02-27
GRAIN AND PROVISIONS.

BALTIMORE. February 81 tSpe-
ciaD.-Potatoes, white. 100 pounds,
1-75a2.15; No. 2, 75a1.00: $50 pounds.
S.o0as.25: No. 2. 1.75a2.oo: sweets and
vans. barrel, 4.OOa5.oo; No. ?. 2.ooa
$50: bushel. 1.50a165: No. 2. 50a75:
beans. hamper, 4.OOa5. SO: beets. bunch.
4a6: cabbage, hamper. 1.60al.l5: car
rots. bunch. 3a6: caulifiower. crate.
1.75a2.50: celery, dozen. s0a1.25: crate.
2.50a3.50: cucumbers. crate. S.o0as.o0;
eggplants. crate. 2.50a5.50: horse
radish, bushel, 4.5Oa5.00; kale. barrel,
1.00a1.25.
Lettuce. basket. 15oa3.oo: onions.
100 pounds. 6.00aS.50; No. 2, 3.00a5.00;
oysterplants. bunch. Saa: parsnips.
bushel. 75a90: peas. hamper. 500a6. 90;
peppers crate, 3.00a4.50: spinach, bar
rel. 200a5.50; squash. crate. 4.O6aa.Oo:
tomatoes. crate, 2.50a5.00: turuips,
basket, 35a40.
Apples. packed. barrel. 600a9. 90:
No. 2. 5.00a6.50: buShel. 1.50a2.75: box
apples, 2.25a4.00: cranberries. barrel,
25.o0a4o.Oo; grapefruit. box, 2.50as. so
oranges. box. 3.50a5.00: tangerines,
strap, 5.00a9.00; strawberries, quart,
40a50.
SELLING PRICES AT NOON.
Wheat-No. 1 red winter. spot. no
quotation; No. red winter, spot,
1.5o; No. red winter, garlicky. 1.47
asked
$50 per barrel; contract corn. 73a j;
No. 4 corn, spot, 72A per bushel; !;
track corn. yellow, No. 8. domestic
or better. as per bushel.
Oats-White. No. 2, 4sa4sh per
bushel: No. 3. 47a47h per bushel.
Rye-Nearby. 95a1.05 per bushel:
No. western export, spot, L16 nomi-
nal, per bushel: No. 3, no quotation.
Hay-Recefpts, "a tons; range is
Is. .00a21.00 for good to choice tim
othy and mixed. hay: market firm.
Straw-No. 1 rye, nominal. 1890:
No. l wheat, tangled, 11.00; No. 1 oat.
nominal. l000a11.50.
CHICAGO. February 27.-New high
price records for the season were
attained today in the wheat market.
May delivery at the opening jumped
to within u cent of s1.50 a bushel,
the goal to which bulls some time
ago had directed their efforts. A
pool was the principal incentive for
today's upturn here. Free selling to
realize profits ensued. The opening,
which ranged from " cent to 2ts
cents higher, with May Las to 1.49la
and July 1.25h to 1.27. was followed
by moderate setback from initial
top figures.
Corn and oats ascended with wheat
to the highest prices yet this season.
After opening unchanged to 4 cents
up, May 50 to 6S1a, the corn market
scored moderate gains, all round.
Provisions were lifted in value by
the advance of grain and hogs.
Potatoes-Steady; receipts, SO cars;
total United States shipments, 459
cars. Minnesota sacked round whites.
17Oa1.90 cwt.; Wisconsin sacked
round whites, 1.soa2.0O cwt.; Mime
sofa sacked Red Rivers. mostly zoo
cwt.; Colorado sacked Red McClures,
$50 cwt.; Idaho sacked rurals, 2.05a
2.15 cwt; Idaho sacked russets, 2.35a
2.45 cwt
Later, May wheat touched 149M
but the gains failed to hold in the
face OF heavy profit taking and of
snow in the southwest. giving fur
ther relief from drought. The close
was unsettled. 1 net lower to Y ad-
vance. with May LAT to 1.47S and
July 1.25 to 1.251a.
Slowness of export demand led to
setbacks in corn price later. The
close was weak, Il to 1 net lower.
with May 67& to 67H.
Evening star., 1922-02-27
pIaeLY WIGeLY 10 EXPAND,

: MEMPHIS, February. 27,-With the
made here by Clarence
Saunders, president of the $4,000, 900
Pisgly ;Wiggly. Corporation. that the
Piggy Wfggly Variety store. Inc.
In capital. It became known that .
large number OF stores would be es.
tablished in. New York. Chicago. st.
Louis. Washington. New Orleans and
other laise cities ef the United States.
Evening star., 1922-02-27

sales. less what I paid for mer-
chandise? 1 also paid SIS tax on a
| building lot.
A. Your net income is less than
$4,000. Your gross income is less than
. $4,000. Accordingly. you must not ME
sioner will define gross income in
your case as the excess Of selling
| price over cost. Form 1040-A is based
| on this holding. Your liberty pond IN
terest appears to be entirely exempt.
O. (12O)-I am an actor. ] support
my mother and home in New Jersey
| During my periods of employment IL
| is impossible for me to live at nome.
Am / allowed to deduct my expenses
for lodgings and meals during the
which are in the excess of similar ex-
| penses that have to be paid at the
same time at home?
A. Even better Under the new law
you may deduct the full cost of your
lodgings and board whenever. in the
pursuit of your profession. you are
necessarily away from home
@. G2D-With your usual courtesy
| kindly answer the following through
| your article: Our corporation fdomes-
tate, which cost in 1918 $4,000. 1t
, was sold March 1, 1921. for s250;ooo'
cash received. So, 900; semi-annual in
stallment mortgage for the balance
| First installment of S11,750 was paid
| in 1921. making total cash in 1921
of $64,750. The question is, how much
of this s64,75O should We return for
federal and excess profits taxes in our
| 1921 return?
| A. j assume that the new reguls-
| tionS relating to installment sale VIII
! be like those promulgated under the
| 1918 act (see articles a. and IS, regu-
lation 45). Accordingly. 1 am of the
opinion that you will be permitted. if
you 80 elect, to report a proportionate
| part of the total prospective profit
| part is obtainable by applying the fol-
lowing formula:
Part of purchase price
received during year of total profit.
$50 900 90
! O. I22)-I read your articles every
| evening regarding federal income tax,
| and as far as l understand from your
examples this is the rule regarding a
married man living with wife: Per
sonal exemption. $4,000 and $500 for
| each dependent Now. according to the
| income tax blank | understand a mar
ried mans exemption is $500 and
i S400 for each dependent.
! (a) Which is correct, $1,000 or
Cb) This is an account of my in
come for 1921. Will you tell me
whether / must file return?
Interest from savings banks. 400
Interest from stocks. 40
ss.ol7
Deductions:
Personal exemption. $500
| Two dependents. .....---.-.-.--- s0o
Contributions ............-..-.. IS
Taxes 20
1886
tc) Under last years Gs2o) law !
paid small amount of income tax.
Evening star., 1922-02-27
PARIS BoURsE STRONGER.

PARIS. February, 27.-Prices were
stronger on tho bourse today. Three
per oent .rentsS. 67 francs % CEN
i5 confines; 5 Per cent loan, - francs
S5 csntimea The dollar was quoted.
at 10 trspcs ssh centfmek IS 8.
Evening star., 1922-02-27
Frisco Conditions Moving
Toward Real Prosperity
BY LYNN c. SIMPSON.

Special Dispatch to The Star.
SAN FRANCISCO, February 27.-
Expanding bank clearings and in
creasing loans with easier money
conditions and widening realty
market Indicate improvement in con-
ditions in this territory. Financiers
say the improvement is not rapid as
yet, but is moving toward real
prosperity. Building activity is in
creasing. with material prices trend
ing upward and the cost of building
growing In spite of the reduction in
the labor wage scale.
Official reports indicate that the
damage by frost to the orange crop
of the state was more severe than
early reports Indicated Vegetables
also suffered to some extent on the
low lands. Retail trade is reported
to be only fair, but with indications
of more prosperous conditions in the
country districts, merchants are
cheerful
The business done in the metal
trades is somewhat slow since the
slump in the ship building industry,
but some slight Improvement has
been reported in the last few weeks
A national advertising campaign to
further the use of prunes throughout
the country began today and will last
for week.
Evening star., 1922-02-27
Washington Stock Exchange

SALES.
Capital Traction-25 at a51., 5 at a5Ik.
Washington Casio at 4si4. 5 at 4Sii,
American Security and Trust at 10,
at 23l n, 3 al ri. 10 at go
AFTER CALL,
Washington Gas Light-10 at 4ss.
Washington Gas 5s-Sl 900 at 90.
Potomac Electric z. m. and ref. ISL .oo'
at lO5%. 81 900 at 1864. 81 900 at 105S
81 600 at 10Js4. 81 900 at i05a4.
Money-Cail loans, 5a6 per cent.
Evening star., 1922-02-27
Steel.
PITTSRURGH. Feb

PITTSBURGH, February 81 (Spe-
cial) l)-Thes American Bridge Com
pany will build and launch fourteen
large steel river barges during the
next three months for building ma
terial firms.
ST. PAUL. February 27 (speciaD,-
the Great Northern railroad has
placed orders for 500 steel gondola
cars with the Western Steel Car Com
pany and for 500 cattle cars with the
Pullman company.
Evening star., 1922-02-27
Commodity Reports
= From Various Sections
Rubber.

Rubber.
LONDON. February 27 lspeciaD:-
There is slightly better demand for
rubber from domestic consumers and
reports Of some "bull' buying from
Singapore. but continental and Amer
lean buyers evince little interest.
Evening star., 1922-02-27
Building Materials.

PHILADELPHIA, February 81
(SpeeiaD materials and Ia
Dor costs are almost back to pre-
war figures here, according to city
officials. They base this statement on
the recent bids received for the new
free library, which will cost over ST.
200, 900.
Evening star., 1922-02-27

tc) Under last years G92o) law l
paid a small amount of income tax.
Am 1 required to file a return under
the present law?
A. (a) The exemption for a married
man is $500 if his net income does
not exceed $1,000. If it does. his ex-
emption is $4,000.
(b) You must file a return, but you
pay no tax
Evening star., 1922-02-27
Wool.

BRADFORD. England, February 81
Especially Business in wool tops is
quieter, owing to firmness in prices
Of raw wool. Activity in the woolen
hosiery plants is well maintained.
Evening star., 1922-02-27

NEW YORK, February 27.-F1our.
steady; spring patents, S.25as.75;
spring clears. 6.95a6.25: soft winter
straights, 6.2Ba6.75: hard winter
straights, 7.25a7.75.
Buckwheat, firm; American and
Canadian, 2.40.
Pork. steady: mess. 26.o0a26.5o;
family, 27.00a29.o0.
Lard, firm; middle west. 12.45a12.55.
Evening star., 1922-02-27
Notes.

ST. PAUL, February 27 (Special).-
The state program for highway. i'm
provement this year will include CON
tracts to be concluded this spring for
$2,00O,000 worth of road construction.
State officials estimate that $12.OOO,-
900 will be spent on new school
buildings this. year. The total for
1921 was $9,0Oo.0OO. The number Of
building permits issued in Minne-
apOlis, st. Paul and Duluth for the
first part of this year show a gain
Of 100 per cent over the figures for
the corresponding period in 1921.
LONDON, February 27 Especially
Makers of commercial motor vehicles
are extremely anxious to know. what
is to be done with the army motor
lorries used by the troops in ireland
and those which will be brought back
from the army on the Rhine. It is
feared that if these are sold at
Slough. the disposal base. the market
may be flooded. Already thousands
of COMMERCIAL vehicles have been sold
through this army depot. Sir Ray
mond Dennis, a manufacturer, de-
clares that the revenue to the gov
Evening star., 1922-02-27
Furniture,

NEW ORLEANS. February 81 (Spe-
cfaD.-Sales of furniture here con-
tinue to exceed those Of last year.
They are larger in money value. al
though prices are materially lower
Last year was banner year with
local dealers.
Evening star., 1922-02-27
Hay md Grain.

SEATTLE, February 27 (SpeciaD.-
The mill run of stock feed has ad-
vanced $2.a ton to $29. Reported
shortage OF winter wheat in the
southwest is assigned as the reason
for this rise, which represents an ad-
vance of $6 a ton over December.
Evening star., 1922-02-27
JewelFy.

ATLANTA. February 81 Especially
A leading jewelry firm which is
about to retire from business is sell
ing it's stock at a reduction of 33s
per cent and on special articles is
making reductions of SO per cent.
Evening star., 1922-02-27
OIL.

NEW YORK. February 27 Especially. i.
is firm in this market and
there. is considerable talk Of a pos
however. is very soft, although ex-
port demand has improved slightly.
SHARON. Pa. February y (Spe-
ciai) THE Standard Tank Company
has received an order for sixty in
sulated tank cars. The cars are in
tended for the transportation of
highest gasoline. and are expected
to remove all possibility of -explo-
sions.
Evening star., 1922-02-27
NEW ENGLAND TRADE CIRCLES
FEELING IS MORE OPTIMISTIC
Many Concerns Report Greater Business
Than in February a Year Ago Strike Is
Main Topic With Traders-Elsewhere.

ing hours from forty-eight to fifty
four a week.
Evening star., 1922-02-27
FEDERAL INCOME AND
EXCESS, PROFITS TAXES

by J.
ssholdbe o
Evening star., 1922-02-27
Automobiles.

DETROIT, February 81 (special).-
The Paige Detroit plant has in
since January 1. The King Motor
Car Company has announced that 1t
will materially increase OUTPUT dur
ing this year. =
Evening star., 1922-02-27
Canned Goods.

NEWMAN. ILL.,, February 27 (spe-
ciaD.-A new packing plant with a
capacity Of one million cases Of corn
annually will be built here shortly
for III. NJ. Critics & Co.. and it is ex-
pected to be in operation by August.
Evening star., 1922-02-27
Eggs.

KANSAS CITY. February 27 (Spe-
ciaD.-Warmer weather has brought
another fall in egg prices. The lowest
point this season has been reached.
with selects selling at 20 cents a
dozen. wholesale.
ST. LOUIS, February 81 (SpeciaD.-
Increased production has, resulted in
bringing the price of eggs down to
26 cents a dozen, wholesale. Retail
prices, according to neighborhoods.
range from % to 40 cents.
Evening star., 1922-02-27

ernment from these sales would be
more than counterbalanced by charity
doles to unemployed workers which
disruption of the motor lorry trade
would throw out Of jobs. ~
Evening star., 1922-02-27
Live Stock.

--'cONNEhIsvILEf, Pa, February
q (SpeciaD.-Live stock shipments
over the Cumbe rland-Connellsville di-
vision of the Baltimore and Ohio have
vious maximum handling was 934 cars
daily. For the last eighteen days
the average has been better than
1000 cars.
Evening star., 1922-02-27
Betting.

PITTSBURGH. February 81 (Spe-
cia).-Lines of goods dependent on
the steel industry for their principal
customers are showing improvement.
This applies to betting, packing and
other supplies.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-15
KEEP UP EFFORT
TOALTER SCOPE
OF new TREATY

Washington, March 15.-For the
third time the senate defeated today
an effort to amend the four-power
treaty to permit participation of
soutside nations in international con-
ferences over controversies arising
in the Pacific.
Washington. March 15.-The at
tempt to amend the four-power
treaty so that outside nations would
be called into consultation regard
ing Pacific controversies, was re-
newed in the senate today, despite
the defeat yesterday of two amend
ments for that purpose.
A new amendment. more limited
in scope than those already re-
jected, was presented by Senator
Pittman, Democrat, of Nevada. 1t
provided that in any future con-
troversy outside nations having in
terests in the Pacific would be
called into conference "for cOnsid-
Grafton" of the subject
In the two previous proposals the
words ''for consideration and ad-
justment" were used and the par
ticipating powers were not limited
to those having interests in the Pa
cific.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-15
FATHER IS SHOT
TO DEATH IN HIS
SONS PRESENCE

Danville, ILL.,, March Is. - The
mysterious murder of Leonard Ia
hon, Sr., mine employe, who was
shot down at the office of No. 6
mine of the Electric Coal company,
as much a mystery today as it was
west of Hillery. Tuesday, remained
Immediately following the shooting.
Sheriff Knox and Coroner Cole, who
were at the scene within an hour,
are at loss to account for the trag-
edy.
The only witness was Leonard
TAhon, Jr., 16-year-old son of the
murdered man. The two had gone
to the office shortly after o'clock
last night. The elder Tahon was
standing in the door, the boy said,
when there was a loud report and
his father fell to the floor. The boy
ran from the building and in the
dim light saw a man step over his
fathers body.
The boy aroused some neighbors
and bloodhounds were put on the
trail, but without avail. 1t is not
believed that robbery was the mo-
tive as nothing was missing from
the office or on the person of the
dead man.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-15
ASK NEWSPAPER
HELP IN PUBLIC
UTILITY CRISIS

Chicago, March 15.-If public
utilities are to be allowed to prop
erly function and to give the best
and fullest measure of service %
the community education must be
substituted for agitation and facts
must replace factionalism. This
statement was made today by A. d.
Mackie, general manager of the
Illinois Power company of Spring
field, DeKaIb and Sycamore, in an
address at the opening session of
the joint convention of the Illinois
Gas, Illinois State Electric and
Illinois Electric Railway associa,
tions.
In considerable measure the
future of the public utilities of Illi-
nois, and every other state, is al
most as much in the hands of the
newspapers as of the utilities them
Selves" he said Agitation is war
ranted when it is justified by the
facts, but it is not warranted when
unsupported by truth and based
either on unreasoning, prejudice or
a desire for political preferment !
am hopeful that the day soon will
come when every responsible news
paper will be as ready to rebuke
injustice to a public service cor
poration as to rebuke injustice by
such corporation"