davidaulloa/AmericanStories huggingface dataset:
Evening star., 1923-11-24
STATE GIVES OUT
new TAX RULING
Levy Must Be Paid on Foreign Cor
poration Stock-Listing Not
Required.

RALEIGH, n. c., November "a
Corporations of North Carolina are
not required to list stock in foreign
corporations for local taxation, but
neither stock of this nature nor that
owned in building and loan associa
tions may be deducted in computing
taxes due on corporate excess" ac-
cording to a decision reached here by
thte state board of assessment.
The decision reverses that of a pre-
vious informal decision. The previous
Interpretation of the matter was that
foreign stock owned by corporations
was not exempt at all. but the board
of assessment in it's decision of to-
day concluded that this constituted
discrimination against the corpora
tions and that the phraseology of the
statute relative to stock exemption
should be construed to include both
individuals and corporations.
Evening star., 1923-11-24
RESERVE RATIO NOW
NEAR YEARS TOP
Stands at 7.1 Per Cent.
Cash Reserve Also Up.
Trading on Local Exchange.

The combined federal reservA ratio
stands at I'll per cent. the higbest
since September 10, and within g OF a
point of the years high record Last
years high for the combined nation
was S0.4 per cent. The cash reserve
of the system now stands at S3,212.
$1,000, compared with $3.209,379 900
week ago, and with S3213,683.00o :,
year ago. The fact that cash holdings
are practically unchanged from year
ago is mainly the result of the sys-
TENS policy of forcing incoming gold
into circulation and partly refiec-
tion Of carrying an increasing proper
tlon OF gold for reserve. II is pointed
out that three years ago about s per
cent OF cash reserves held by the syS-
TEN consisted of legal tender notes.
SILVER. etc. Now only about 2.5 per
gold.
Total loans during the past week
declined 45.024.00O and now aggre-
gate $746.1s8,oOO The volume is the
| .o"est since June 20 and is only about
~ per cent above the figure of Il
year ago.
North American Dividend.
Ihe North American Company has
declared its regular quarterly dlvi-
dend on the common stock, payable
elther 5U cents in cash of 2l2 per cent
IN stock and the regular quarterly
disbursement of liz per cent on the
3 per cent preferred issue. both pay
able January to stockholders of rec
ora December .. On the basis of cur
rent market price the dividend is
equivalent to about SO cents a share
Increase in Failures.t
In contrast to last weeks 6ecrease
hn mt
week show an increase. numbering
424. This total is thirty-four more
than was reported last week, but is
twelve less than the number a year
ago. Aside from the south, all sec
tions of the country show more de-
faults this week than last, the largest
increase being in the east.
With the larger aggregate OF in
solvencies, those involving $4,000 or
more OF liabilities in each case also
increased this week, numbering 26l.
rms is equivalent to 61.6 per cent
OF the total Of all failures, whereas
the ratio last week, when there We're
20 similar defaults. was 57.7 per
cent; A year ago, when 249 similar
insolvencfes We're reported, the pro-
portion of the total was 81 per cent
Trnding on Exchange.
Trading again confined itself TO
the minimum in favorite issues at
unchanged prices during the closing
session OF the Washington stock EN-
change.
Washington Railway and Electric
preferred was the leader of the seS-
sion, with total Of seventy shares
changing hands at 70a4 TO ia. the
trend being upward Washington Gas
Light was unchanged at IS and CAP
lta1 Traction sold at &S&s
Bonds We're neglected. save for
| Washington Gas Gs Of 1888. which
sold to the extent of 5000 at par.
Evening star., 1923-11-24
OIL SHARES AGAIN STRONG.
G. G. o. Dividend Action Causes
Temporary Setback.
BY STUART p. WEST.
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK. November 24.-The
forces working for higher prices OF
the stock exchange continued to hold
the upper hand today. Some heSita :
ton was shown for a time after the
opening. Further selling in CheSa-
peake and Ohio. due to disappoint-
ment over Fridays dividend action
had a depressing effect upon other
rails. especially those which have
been bought on favorable dividend
rumorS. But in the second and final
hour the upward tendency again as
serted itself.
Oil Shares Again Strong.
Little attention was paid to the
week end mercantile reviews, which
told nothing new about the present
and threw no light upon the future.
The statement that weather condi-
tions have slowed down retail and
1obbing trade is of no interest. What
the stock market is concerned about
is business developments of the COM
ing month. On this subject it contin-
ued today to express a quiet optimism
The strength of the oil shares was
again the noteworthy feature in view
of the admitted fact that the official
figures so far have shown compare
lively slight fall in production and a
considerable surplus still is going
into reserve. This showed that the
market for oil shares is not concerned
so much with immediate as with fu-
ture conditions. 1t believes that the
turn for the better has come. but
that 1t may be some time yet before
the balance between demand and sup
ply Is restored
Sharp Advance Mt Close.
The advance in the final deal
ings was impressive. 1t showed that
after a full week of rising prices
there still were no signs that the buy
ing movement was slackening Ster-
ling exchange went somewhat lower,
while francs were higher. Realizing
sales in the cotton market were large
enough to halt the advance there.
The lack of response in the stock
market to international Cement's re-
cent increase of dividend from a SO to
81 annual basis has diSappointe ed
many. They point out that at current
prices the stock is selling to yield 10
per cent, and. in addition, that earn
fngs are well in excess of dividend
requirements. In the first nine
months International Cement earned
the equivalent of $3.50 on the COM
mon after all charges and preferred
dividends. and in the last quarter of
1923 the net is expected to prove sat
isfactory to leave balance for the
common for the full twelve months of
81 to IS a share.
Deficit Turned to Profit
Worthington Pumps earnings for
1923 are expected to be between 81
and IS share on the common, as
against a small deficit in 1922 and a
deficit of close to $2,000,0O in 1921.
not been large enough to warrant
dividends on the common, at least it
has given encouragement to holders
OF Worthington Pump common
Evening star., 1923-11-24
CHEMICALS DEPRESSED.
Topheavy Stocks Continue to Hold
Prices Down.

NEW YORK, November 24.-Drug
and Chemical Markets says: Keen
competition and generally topheavy
stocks of chemicals continue to hold
the market in a depressed state. Not
only overproduction but excessively
heavy imports of a number of chemi-
calls bring a steady pressure on val
ues. although prices have now
reached a point where the slightest
excuse brings strong resistance to
further shading.
Another shortage of arsenic is
looked for this year. as demand for
calcium arsenate for boil weevil con-
troll in the cotton belt is expected
to be materially larger next year
Sodium prussiate, after a sharp de-
cline resulting from a competitive
fight between importers and domestic
makers. has firmed up slightly.
Bleaching powder at $1.25 is at the
low point for several years and well
under cost to produce.
Evening star., 1923-11-24
MUST PAY IN ADVANCE.
Standard Oil Loses Rent Case in
Appellate Court.

NEW YORK, November 24.-Stand-
ard Oil, like any other New York
tenant, must pay rent on it's home
on Broadway in advance.
The appellate court has upheld the
contention of the company's landlord.
Elmer l.. Smathers, that the quar-
terly rent of s62,500 must be paid in
advance, instead of at the end of
each three months. The lease is for
nine ty-nine years.
The company had refused to make
advance payments because the words
lin advance" had been omitted from
the lease.
Evening star., 1923-11-24
Brief and Effective.
From the Nashville Banner.

FrOm the NhshNlIIe Banner.
A Japanese who obtained a situation
with an English firm was asked to
write a customer who had owed some
money for long time.
Write briefly" said the cashier.
but let him understand distinctly
that we expect him to pay without
further delay"
The letter was written and on the
following day came a check for the
amount due.
The letter ran thus: Dear Sir-If
you do not send at once the money
you owe we shall be obliged to take
steps which will cause you the ut
most establishment Respectfully
yours" etc
Evening star., 1923-11-24
Wasted Energy.

From the Argonaut
from the quay when there was a
sudden commotion and a man came
running madly from the dock gates,
shouting to the officials to wait a
moment without pausing in his
stride, he flung his bag on the boat,
took a desperate leap and landed on
the deck with a crash.
Good" he gasped, as he was as
sisted to his feet. Just did 1t. A
few seconds later and I should have
missed it,"
Missed itw explained one of the
passengers. This boat is just COM
ing inw
Evening star., 1923-11-24
Found Her Bad Bargain.

From the ArgonAut.
A darkey who had recently married
was asked by farmer for whom he
worked how he and his Mandy were
getting along.
Not very well, boss. The fact is.
Mandy and me we've done pahted."
Parted" exclaimed the farmer.
"Why, you were just married. You
know Sam. you can't leave Mandy.
She's your wife and you took her for
better or worse"
That's just 1t, boss" said Sam. II
Shore did tell that pahson that I took
that gal for better or wus. But. boss.
dat gal is wus'n / took her to be"
Evening star., 1923-11-24
TRADERS PREFER FOOT BALL

NEW YORK, November 24.-Ab-
sence of many traders, because or the
big foot ball games scheduled, was
reflected in the dull trading in to-
days bond market. Recessions pre-
dominated throughout the list, with
the exception of United States gov
ernment bonds, which recorded slight
Improvement. A jump of more than
two points by Virginia-C
Chemical 7hs with warrants featured
the trading in industrial liens.
Evening star., 1923-11-24
PRODUCE MOVES AGAIN.
Truck Owners Dispute in New
York Adjusted.

NEW YORK, November 24-The dis
pute between the Fruit and Produce
traders Association and the Organ
lZed Market Truck Owners which
caused a tie-up at a Hudson river ME r
OF about 100 carloads of fruit and veg
etables from Maine and upstate
was settled late yesterday, when the
traders agreed to the demand of the
truckmen that only the trucks of or
ganized owners should be allowed n
haul from the pier.
Evening star., 1923-11-24
STOCKS CO HIGHER
IN BRIEF TRADING
Saturday Advance Led by
SpeciaIties-CIose Strong.
Sales, 100000 Shares.
Ry the Associated Press.

Ry the Associated Press.
NEW YORK. November 24.-Stock
prices continued their rise to higher
ground in today's brief session of the
market with the specialties again
leading the advance. Dealings in
some of the speculative favorites
were curtailed because of the
absence of a number of traders who
were in Cambridge for the Yale
Harvard foot ball game.
Low-priced oils. tobaccos and motor
accessories developed several points
OF strength while Studebaker and
American Can made the best show
ing among the so-called pivotal
shares. Dawson Chemical jumped
AZ points. Jersey Central and L.
S. Cast Iron Pipe, General Baking,
United Cigar, Brooklyn and Man
haitian Transit preferred. Cosden pre-
ferred and Eaton Axle sold 2la to
81 points above yesterdays closing
prices.
The closing was strong. Sales
approximated 100000 shares.
Evening star., 1923-11-24
TURKEYS rs CENTS
IN ST. PAUL TODAY
Price Is on Poorer Stock at Retail,
Also Cheaper in Phil
adelphia.
Special Dispatch to The Star.

ST. PAUL, November 24.-Turkeys
are selling at maximum wholesale
price of 80 cents a pound here. six
cents below prices of last week and
10 cents below those of a year ago.
Retail prices are up to As cents. The
northwest turkey supply is excep-
tionally large. Poorer stock sold
today at 26 cents a pound at retail
and Is cents wholesale.
PHILADELPHIA, November "a
Thanksgiving turkeys have been
selling at 10 to lie cheaper at auc-
1922. Finest grades have sold at
wholesale at so cents a pound. while
lower grade birds brought 80 cents
Evening star., 1923-11-24
FIRMNESS IN WOOL.
Foreign Markets Strength Is Re-
f1ected in United States.
Special Dispatch to The Star.

Special Dispatch 10 The star.
BOSTON, November "a. - The
strength Of the Australian and South
American markets had decidedly
firming effect on the Summer street
wool market today and some spinners
gave evidence of desire to provide
for future requirements. Volume of
trading was not large as the present
range of prices has strengthened the
position of holders and confirmed dis
inclination on the part of growers to
release their clips at present.
Medium grades OF territory wool
continued to be the feature of the
market with prices showing ma
terial advance over a fortnight ago.
Evening star., 1923-11-24
FOREIGN EXCHANGE.
Quotations furnished by W. B. Hbbs & Co J
Nominal Selling checks,
By the Associated Press.

NEW YORK, November 24-For ign
exchanges irregular. Quotations Gn
United States dolIars)-Great Britain,
demand, 4.36a; cables, 4.36ss; sixty
day bills on banks, 4.34 e. France,
demand, .0542; cables, .0542R: Italy,
demand, O432; cables, .04322. Bel
gium, demand, O467; cables, .04671a.
Germany, demand. .000000000O0020;
cables, 0ooO00O0OO0o2o. Holland, de-
mand, 1904; cables, .3S09. Norway,
demand. 1886; Sweden. 1928. Den
mark, 1852. Switzerland, .1747. Spain,
1897. Greece, .0160. Poland, .00000045.
Czechoslovakia. .o256. Jugoslavia,
OILS. Austria, .000014. Rumania,
.0050 Argentina, 1925. Brazil, .OS90.
Montreal, .97B.
Evening star., 1923-11-24
DRY GOODS STRONG.
Upward Bound in Market as Week
Closes.
Srecial Dispa itch to The Star.

Special Dispatch to The Star.
NEW YORK, November 24.-Cot-
ton goods markets closed the week
with an upward bound, rejecting the
high prices in the raw cotton mar
ket The Ga by 60 prints were quoted
at 11A, an increase of & over Fri
days figures, and the 68 by 70 at
13, an increase of q u. The raw
silk market was quiet, with quota
tions unchanged.
Evening star., 1923-11-24
CLOSING SUGAR PRICES.

NEW YORK. November 24-Sugar
futures closed firm; approximate sales
$4,000. December. 604; March 4.91
May, SOL; July, 5.13.
Evening star., 1923-11-24
BOND QUOTATIONS
VERY IRREGULAR
Week Closes With Liberty
and High Grade Rails Firm,
But Quiet.
BY GEORGE\T. HUGHES.

Special Dispatch to The Star
NEW YORK. November 24.-To-
days bond market displayed the same
irregularity which has marked it's
course during the entire week
United States government loans and
high-grade' rails and industriaIs were
iirn' but showed no tendency to ad-
vance. On the week most of the lib
erty loans are fractionally lower, and
the same is true of some of the saw
ing and bank railroads bonds such as
Atchison general As and Union Pa
cific refunding As
Foreign Buying Falls OF.
Foreign buying, so prominent in
last weeks trading in these securi.
tleS' seem to have fallen off for the
present. AT the same time new issues
OF prime quality are readily absorbed
rms Is all the more noteworthy in
the face Of the breaks which MANY
new offerings sustained when syndi-
Gates withdrew supporting bids and
allowed the market to take care OF
itsel1. investors seem to have conf
aence that turn for the better in
TINS respect is not far ahead.
win few exceptions, foreign bonds
We're steady. On the week there has
Deen remarkable recovery. French
os We're up more than four points
over the low of seven days ago, when
the outlook for preserving the en-
tente between France and Great
Britain was so doubtful There ha
peeh little change in the mid Euro
pcan issues, C8echosloVak SIS showing
persistent heaviness.
Bolivia Bonds Weak.
:. In the South American group Bo-
llNld IS To-Day, as all the week. sold
around the low for the year. on the
other hand there has been an advance
on the week of over seven points in
Mexican government issues, while the
even more speculative obligations OF
the national railways of Mexico are
up one TO two points. All the Cuban
pohas nave suffered substantial losses
condition.
Activity in speculative rails lessen
ed In the latter part of the week
traders being disposed to take profits
Roads where obligations displayed
the greatest strength include Erie
Seaboard Air Line, New Haven, Mis-
souri,. Kansas and Texas and St Louis
and San Francisco
In all these cases the market was
simply recognizing the improved
financial position of the carriers re-
suItlng from record car Ioadings
New Issues Total S4S,OOO,GOO.
The movement of industrial bonds
has been mixed. but advances have
predominated. Convertible oil bonds
nave gone up with their respective
stocks. In sugar bonds the Cuba
zane ISSUES have been very firm
While among the fertilizer securities
the virginia Carolina Chemical is
sues have made good gains. Inter
Dor" Rapid Transit securities had n
better market. but Hudson and Man
NATHAN rounding 5s and Chicago Rail-
ways 5s have Jagged behind
New financing this week was not
particularly large, the total being
about SiS.000.O00 campared with
nearly Sll0.000,000 the week before
Evening star., 1923-11-24
Law Was Obeyed.
ON fhe Boston Transcript.

From fhe Boston Transcript.
Just think, 1t was against the old
blue laws to kiss ones wife on Sun
day"
THAT so? What was the penalty?"
Dunno. No husband was ever
brought UP on the charge
Evening star., 1923-11-24
PARIS MARKET QUIET.

PARIS, November 24.-Trading
was quiet on the bourse today. Three
| per cent rentes, SIS francs Exchange
on London, 80 francs Is centimes.
Five per cent loan, II francs 25
centimes. The dollar was quoted at
rs francs J3I centimes
Evening star., 1923-11-24
LIVE POULTRY HIGHER

CHICAGO. November 24-Pou1try
higher; fowls, 13a19; springs,
10; roosters. 1919: geese, 16; turkeys,
81
Evening star., 1923-11-24
WEEKLY BANK REPORT.

NEW YORK, November 24.-The
actual condition of clearing house
banks and trust companies for the
week shows an excess in reserve
of s10,1oS.530. This is decrease
in reserve of S15,62S,960.
Evening star., 1923-11-24
BUTTER HIGHER TODAY.

CHICAGO. November 24.-Butter
Higher; creamery extras 81; stand
ards 471a Extra firsts, 4Sa50; firsts.
44a46; seconds, 41a42.
Eggs. unchanged; receipts, 2,95S
cases.
Evening star., 1923-11-24
BAR SILVER RATES.

LONDON, November 24.-Bar silver,
33a33 3-16 per ounce. Money, 2K
per cent. Discount rates, short bills,
3-8a3 7-16 per cent; three-month
bills, 3 3-S per cent.
Evening star., 1923-11-24

In measuring land located in that
part Of the south once under French
rule 1t was common practice to ex-
press fractions of an inch in eighths.
not in tenths, as is now usual.
Evening star., 1923-11-24

First practical automobile driven
by internal force was that of a
Frenchman and now is one of the
most treasured exhibits in the Paris
Museum of Arts and Crafts.
Evening star., 1923-11-24
CHICAGO STOCK MARKET.

CHICAGO, November 24.-Following
is a report of today's sales, high. low
and closing quotations at the Chicago
Evening star., 1923-11-24
TREASURY CERTIFICATES.
Quotations furnished by Redmond & co.,
BOSTON STOCK MARKET

BOSTON, November 24.-Following
is list of todays highest, lowest and
closing prices for the most active
stocks dealt in here:
Evening star., 1923-11-24
TODAY's CHICAGO PRICES.

CHICAGO. November 24.-With
lower quotations at Liverpool and
with selling here on the part of a
house with corn connections, the
wheat market showed a downward
tendency today in the early dealings.
Washington reports of opposition to
new, credit schemes of financing ex-
ports of American products to Ger
many counted also as bearish factor.
On the declines, however, buying in
creased and the market soon steadied.
Opening prices, which varied from
| unchanged figures to % lower, De-
cember 1.02% to 1.02k and May, los
to 1.0SB, were followed by a mod
crate general setback and then by a
| reaction.
Corn and oats were easier with
wheat. After opening at 3 off to
| "a up, May, 1925 to 721a, the corn
market showed some loss all around.
Oats started unchanged to Is lower.
May, 42H, and later held near to the
| initial range.
Provisions were sustained by firm
ness of the hog market.
Evening star., 1923-11-24
DAIRY PRODUCTS.

BALTIMORE, Md, November "a
(SpeciaD.-Live poultry-Turkeys, lb..
30a40; spring chickens, 20: leghorns,
15a1S: old hens, 15a20; leghornS, 15a
16; old roosters, Halls; ducks, 15a21;
geese. 20a26; pigeons, pair. 2oa30;
guinea fowl, each, 35a70.
Eggs-Loss off, native and nearby
firsts. doz.. 5S; southern, 54a56.
per lb., 5oa54; prints, 54a56; nearby
creamery, 42a46: ladies', 34a35; rolls,
2Sa32 dairy prints, 2Sa32; process
butter, 3Sa39; store packed, 2S.
Imperial Valley press., 1923-07-23

enough to equip every public struc-
ture in such a town.
The Leviathan. through wirol9xS
epEa31tus constructed especially
will at all times be in direct COM
munication with New York. The
liner will be equipped with both
radio telegraph and telephone de-
vices. While the radio telegraph
will be used for business. the radio
phone will be mainly utilized for
the purpose of entertainment. Each
stateroom In the first cabin will be
80 equipped that the passengers
will not cnly hear messages and
concerts broadcasted from shore,
but will be enabled, through o huge
central ships switchboard. to talk
to shore. This Is the first appar-
atus OF this kind to ever be utilized
on ship board.
A search light, more powerful
than any ever used on passenger
vessel is part OF the Leviathan's
electric equipment This sea'ehlight
Is AZ inches In dien 'er. and. To-
Gated on the fJfer~.ast. Is electric
ally controlled ON the bridge.
Imperial Valley press., 1923-07-23
Goodcell Begins
Eight Intensive
Drives for Coin

Eight intensive drives were inau-
gurated yesterday by Collector Of
Internal Rcvcuuc Rex Goodecll, di'
rectcd against taxpayers in almost
every line of business.
II do not wish to make record
for imposing penalties, = said Col
lector Goodccll, "and that is why
l am employing my entire field
force in this campaign to induce
taxpayers to register and pay their
special and occupational taxes be
fore July 81, which is the legal
dead line.
Drive No. For the collection
of special tobacco manufacturers
taxes.
Drive No. 2-For the filing of
capital stock returns. Check should
accompany the return.
Drive No. 3-For occupational
taxes due from brokers, pawn brok-
ers. ship brokers and custom house
brokers.
Drive No. 4-Oecupational taxes
due from proprietors of theateTs,
museums and concert halls.
Drive No. 5-Occupational taxes
due from proprietors of bowling al
lcys, billiard halls, shooting CALLER
les and riding academies.
Drive No. 6.-Oecupational taxes
due from everyone operating or
renting automobiles for hire.
Drive No. Special tax imposed
upon the use of yachts, pleasure,
power. sailing and motor boats.
Drive No. S-Directed against
500 doctors, dentists and others who
prescribe narcotics, who failed 10
register prior to the time limit of
June 80. Those who registered be
fore their eases are turned over to
the Government narcotic agent will
escape with % per cent penalty;
otherwise the consequences will be
serious.
Collector Goodcell urges persons
who are in doubt rs to their liabi
lity to special or occupational taxes
to call mt the internal revenue bu
rcau and consult with him. Penal
ties may be avoided i'll this way.
Imperial Valley press., 1923-07-23

in making her American in every
respect in equipment and appoint
ment, $500 workers, each skilled
in his particular craft, fdoors9
nightly, not for the dollars his ef-
forts brought in, but for the sat
isfaction gained in adding to the
glory OF American shipping on the
high seas. More than 1000 manu-
facturers assembled 91d furnished
to the liner mechar.ca equipment,
fittings, decorative material and
furniture, in pany cases at a finan-
cial loss.
The quality of all this material
is OF the highest obtainable, the
workmanship the best possible, for
in the work was put the desire to
see the Leyiathan surpass anything
which ever sailed the Seven Seas.
That the superhuman efforts, the
uncanny skill. which everyone from
the contractors in charge of the
work tor the lowliest mechanic
brought 10 the task have been sue
cessful is shown by the Leyiathan
herself
The Wonder ship. with a gross
tonnage Of 59.s53s5, is 3.405 gross