The Washington herald., 1922-02-25
LIBERTY LOANS
CAIN 2 BILLIONS
IRON l92lSLOW
Fourth Issue Outstanding
@s, ,34s, ,66O,oOO Gained
- s7s7,7l4,sse.
ofnER LOCAL NOTES
Faaal Taxicab's Deficit; Re.
2ricted Trade on Board
Covers Broad List.


Advance in prices from the low
figures of 1921 has increased the
market value of outstanding Lib
city loans nearly $4,000. 200. 900, ac-
cprdlng to an estimate by Treas
ury officials. The fourth Liberty
i9an. the largest outstanding. alone
shows a gain of s737.714.9s0. "a,
Liberty loan prices have given
evidence OF renewed strength in the
immediate past as a result of the
expressed opinion Of bankers and
bind. dealers that the possibility Of
a bonus award in the immediate fu-
tire Is unlikely. because of power
fol opposition to the sales tax and
al bonus bond hotation. Definite
knowledge of the postponement OF
this question to a later date Will
undoubtedly have a decided effect
for good on the money market. and
this should be Immediately appar-
ent in government bond prices.
bankers contend
The accompanying table. found
elsewhere on this page, gives the
high and low prices of government
war issues for 1921, and the present
price from which has been cakculat-
Gu Lnc Increased OA OuNSl0hN-
ing issues from the low of 1921. In
compiling the table IL has been nee
essary TO average the figures for the
FIRST Liberty loan and the Victory
loan. as the latest statement of the
United States Treasury. dated jan
uary 81, 1929. groups the issues as
hfst. second, third and fourth Lib
city loans and the Victory loan, no
division being made for their sub
divisions However. the first Lib
erty loan consists of the first 31As
the second - and the firsts ANS.
These issues gained respectively
1hs6, 11.20 and 11.50 points from the
lew OF 1921: an average gain OF
1t.22 points. In the same manner.
Victory az s gained 40 points and
tho AIS 40 points; an average
gain Of AS points. This method is
adopted N preference to using the
statement of November 80. 1891,
which gives the outstanding amount
of each individual issue as of that
date. because since then radical re-
auctions have been made in the out
standing amounts.
Federal Taxicab Earnings.
The Auto Livery Company the
Federal Taxicab Company was op-
Grated at a net loss Of S6.206.34 for
the past year. according to sworn
report filed with the Public Utilities
Commission yesterday.
Local Securities
Restricted trade covering a rela-
lively broad list prevailed on the
Washington Stock Exchange yes
terday. Both lists were included in
the decreased volume of trade,
with prices showing no material
changes over previous quotations.
In the bond list. $1,000 Potomac
Electric consol. SIS sold at 81 1-2,
with a like amount of Washington
Railway and Electric general Gs
slightly irmer at 81 Ia. Washing
ton Gas 5s were sold to the extent
OF $4,000 at SO 1-2.
The stock list likewise func-
toned without feature. American
Security and Trust Company sold
to the extent of ten shares at ris-
ing prices, 230 IL to 2S3- WASH
ington Gas Light was compare
lively active, IS shares selling at
Is to 4S 1-2. the trend being down.
ward. Capital Traction held at
95 1-2 with Mergenthaler firm at
145.
iCalI money was offered at per
cent with per cent bid.
More Time for Tax Returns.
Commissioner of Internal Rev.
ehue Blair directs that under the
authority of section 227 of the rev.
enue act of 1921 a general exten-
sion of time is granted domestic
corporations up to and including
Jhne Is. 1922. for completing re-
Turns of income for the calendar
year 1921. the fiscal year ending
Jhhuary Il, 1922, and the fiscal
year ending February 2s, 1922. con-
dItionaI upon the filing of tenta-
tive returns with the proper col
l9ctor Of internal revenue on or
before March Is. April Is and May
IS. 1922 respectively, accompanied
With at least one-fourth of the es-
tnnated amount of tax due, to-
either with a statement setting
forth the reason why the return
cannot be completed within the
prescribed time, and a formal re-
ulest for the extension.
Tentative returns submitted in
accordance with the foregoing
should be on form 1120, on which
should be written plainly across
the face Tentative return" Only
tie name and address of the tax
payer and the estimated amount. IL
ahy. on the tax due need be stated.
Amy deficiency in the first instP'
ment as determined upon submI
son of the final return will bear
interest at the rate of per cent
per annum from March Is. April Is,
or May Is, 1922, respectively.