davidaulloa/AmericanStories huggingface dataset:
Evening star., 1923-02-10
nj WILLIAM r. HEFFERNAN.

NEW YORK, February 10.-Taking
the week as a whole, the upward
movement on the curb exchange has
been more rapid than in any like
period in several months. New high
records were common among indus
trial favorites. while advances in
crude and refined oil have stimulated
an active demand at rising price for
most of this class of stock
The curb market today was very
active, with price changes varying.
one of the most noteworthy occur
rences In the upward movement Of in
dustrials was the sharp rise in Good
year Rubber stocks. These shares
were In demand from the outset of
the week as reflection Of the great
~ improved financial position of the
company. This was brought about by
the retirement OF large block of the
prior Preference stock. Today the
common crossed Is. a gain Of over 2
points from Fridays close and up
over points OH the week. The pre-
ferred reached so, an advance Of 3
Evening star., 1923-02-10
INCOME TAX FACTS.
No. l3.

Business expenditures are not al
WAYS business expenses within the
meaning Of the income tax law. For
example, a merchant may build an
addition to his warehouse at a cost
of 100000. This is a capital ex-
penditurc for an addition to his as
sets. Capital expenditures are not
deductible.
Distinction is made between ex-
penditures for an asset and eXpendi-
lures in connection with an asset.
If the merchant should. during the
year, spend $500 for repairs to his
warehouse. such as painting the roof
or repla cling broken windows, he may
deduct such amount as d business
expense.
Medical, law or other professional
books, machinery tools. implements
or surgical instruments purchased
by a taxpayer for use in his trade
permanent character are capital as
sets. and their, cost is not allowed
as a deduction. farmer may not
deduct the cost of a threshing ma
chine or tractor, these being capital
expenditures. but is allowed to de-
duct the cost of hoes, rakes and
small tools which are used up in
course of year or two in farming
operation.
The purchase price of an automo-
bile, even when used wholly for busi-
ness or professional purposes, is not
deductible, but Is regarded as invest
ment OF capital. The cost of gaso-
line. repairs and upkeep Of an auto
mobile is deductible if used wholly
in business. If used partly for busi-
ness and partly for the pleasure or
convenience of the taxpayer anu his
family, such cost should be appor-
toned accordingly.
Evening star., 1923-02-10
Markets Breaking A,uay
From, European Restraint
Great Expansion Noted-Sugar, Steel and
Oil Stocks Extra Actiue-H0me Trade
Cause of Growing Activity.

fallen OFF. But the 1922 figures suffice
to show how the huge surplus of the
Cuban sugar crops was worked Off,
paving the way for the recent ad-
vance in raw sugar to AZ cents a
pound. as against the extreme low
of "a cents during the worst of the
great trade slump.
Steel Prices Rise.
As regards the steel trade, two
remarkable contributions were made
In the news of the week. One was
the report OF the Republic Iron and
steel Company showing that earnings
during the last quarter Of 1922 were
running at the rate Of nearly $40
| a share on the common stock. after
almost two years Of continuous def
cits. The other was the statement by
the Iron Age that the rise in steel
prices was becoming so rapid as to be
positively dangerous.
This statement, taken along with
the Republic Iron and Steel figures.
naturally affords ground for very
optimistic predictions as to the earn
tngS of the steel companies for the
first quarter of 1923.
In the oil trade the overproduction
of twelve months ago has completely
disappeared. The latest figures make
II plain that. outside of the Pacific
coast territory. the current output
plus imports has fallen behind con-
sumption. Consequently reserves have
oeen drawn upon anu prices nave nat
urally gone up.
Equipment Companies Prosper.
Thus il appears that In three of the
most representative security groups
tho sugars the SteelS and the oils
the recent upward movement has had
an entirely logical ground. The same
can be Said of other classes Of stocks.
1t is known for example that the rail-
way equipment companies are booked
to capacity all the way from six to
nine months ahead.
1t Is known that car loadings dur
ing January averaged $4,000 cars a
week. exceeding even the remarkable
performance of December. The in
ference is, therefore, that good as the
| December railway earnings were,
those for January will be better still.
Here lies the incentive back of the
;; market for railway stocks and bonds.
Advance Not Excessive.
The danger. of course, Is that. well
! founded as the rise on the stock ex-
! change has been, II will be carried
to an extreme just as was the case
, last May and again last August On
the whole il may be said that the ad-
vance SO far has not been excessive
but that in some quarters operations
for the rise have been pushed at too
rapid a pace. This sums up the Wall
street situation as il stands at the
close of the week
One striking feature is that the in
creased stock exchange demand upon
| larger volume of business and the
| rise in prices. has SO far involved
| not the slightest strain.
| {Convripl,
Evening star., 1923-02-10
DIVIDENDS.

STOCK OF Fay
Record able.
Eorder City Mfg Co. q. 1L% Feb. Feb. 10
Continental Oil Co. q. 5oc. FEB. 23 Mar. 10
Det- -Mackinac & Marquette
Land Co, ex, $40. Feb. is Feb 20
Galena SiGnal Oil Co. ST.. Feb. % Mar. 81
Galena Sig Oil Co. q. 81 pf. Feb. 2s Mar 81
May Dept Stores, q, 1&ee pf. Mar. IS Apr 2
Mex seab'rd Oil Co.. q. Soc. Feb 20 Feb. ~
Osceola Mining Co. q; .;.....Feb. 13 Mar Is
Quaker Oats Co. q, 2hae.. Apr. Apr 10
Quaker Oats Co, q. 1hso pf:. May May 81
Reyn Sprg Co. q. 1Ase pf A.Mar. 10 Apr. !
Reyn sprg Co. 1&e6 IF s.Msr 1s 1s Apr !,
ST L-San Fran $50 adj. 3es.. ........ Apr. 3
Evening star., 1923-02-10
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

PORTLAND, February 10.-Wool
, a seige of visiting buyers represent
ing eastern mills and dealers today.
Few flock masters have contracted
for their unsheared wool as yet, but
indications are that the scramble for
fecces will be keen this year.
ATLANTA, February 10.-Automo-
bile sales are more active today than
1T any time since the war. Demand
is heavy for new models but dealers
are experiencing difficulty in dispos-
ing of used cars.
CLEVELAND. February 10.-House
painting this spring will cost more
than il did a year ago. according to
preliminary reports today of the
Cleveland Paint, Oil and Varnish As
sociation. The advance. 1t was said.
will be due TO the higher price. OF
white lead. which has increased so
per cent in the last year.
CHICAGO. February y1o.-Indicat tions
here are that there will be no falling
off in the demand for steel in the
next few months Producers are ex-
the second quarter at higher prices
shortly.
TOPEKA. Kan, February 1o.-The
value OF all field crops in Kansas TOR
1922. estimated today, totaled $685..
500, 900, an increase of $62,991 over
the previous year. The available
value for the period from 1915 to 1920
was s406.071,000
NEW ORLEANS. February 10.-Mu-
sic dealers here reported today that
business in their lines was fair. but
that added sales effort was needed to
close sales for more expensive in
struments.
Evening star., 1923-02-10
BY STUART p. WEST.

Special Dispa tch to The Star.
NEW YORK. February 10.-Dealings
on the stock exchange this week have
fully borne out the signs which had
begun to appear previously that the
security markets were breaking away
from the European uncertainties.
Those uncertainties had held them In
more or less restraint for a month.
Business has expanded to the largest
daily average volume since the cul-
Inination of the upward movement last
summer. and this expansion has been
attended by a general rise In prices.
With all fear of war in the near
east removed by the agreement reached
between the allies and the Turks, one
OF the two formidable European ques-
tons is now out of the way. There
remains the situation in the F.uhr. the
outcome of which is quite as much in
doubt as it has been at any stage since
the French began their military move
ment d month ago.
Ruhr Coal Output Shrinks.
Germany's passive resistance has
stiTened rather than weakened. The
output of the Ruhr coal mines has
shrunk to 10 per cent of normal as
the result of the strike. and German
railway operatives have maintained
their attitude of refusal to work under
French bayonets.
From the standpoint Of France the
situation is complicated by the walk
out of many of her own miners. She
is threatened with d coal shortage
and a further increase In the cost OF
living, which has already been mani
Testing itself in the prices of other
commodities
SO far the effort to force reparation
payments by Selling more and more
German territory has been a failure.
The further the French have ad-
vanced into Germany the stronger.
apparently, has become the determi-
nation of the German people not to
give in.
French Taxation Increased.
Meanwhile the latest estimates
place the deficit in the French budget
this year at between 3.500.0o0oOo and
been pushed TO the limit The con-
tinued piling up of new internal
loans Is u desperate expedient to con-
template. AT all events II cannot be
resorted to indefinitely. Hence the
enormous stake which France has in
the reparations problem Is more clear
ly defined than it has ever been SO
far.
The only wonder is that French
exchange should have held as steady
II mas uuTlnR tDt idSl Wtchp cnPS-
cially as, according to the latest
statement OF the Bank of France,
nearly the whole Of last autumn's de-
ffation in the paper currency has now
been undone.
Domestic Trade Affects stocks.
The domestic trade data, indicating
continued enlargement OF production
and constantly more profitable con
ditions as regards prices. have been
the whole incentive back of the rise
in the stock market 1t is not gener-
ally appreciated how extraordinary
have been the exports of sugar from
this country during the past twelve
months. They reached during 1922 3
total of almost 2,000.00o.0OO pounds
more than twice the outward move
ment OF the previous year and nearly
three times the average yearly ex-
ports before the war To be sure
Europe now has her own sugar crops
hack pretty well to normal. so thai
demand r&pon American rehneries has
Evening star., 1923-02-10
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star oaaee.

points from the previous close and a
gain of over IL points on the week.
Both stocks reached new high records.
Wilcox Oil and Gas. one OF the
active Independent oil stocks. reached
Its high for the present movement to-
day and was in urgent demand at top
prices. The company pow has about
twenty-five wells being drilled on
proven acreage. The recent advances
in all grades of midcontinent crude
practically assures the company of
greatly improved earnings on their
rapidly Increased productions.
Realizing sales were encountered
in some of the Standard iOls but the
recent gains were for the most part
maintained. Standard of Indiana was
firm around 65. while Vacuum Oil
reached its best prices for the present
movement above 4SE.
The Improvement in the sugar trade
was reflected in new high records for
the sugar stocks. Great Western
new made a new top today at IS, UP
almost points from last week s
close. while the upward movement
continued In Cuban Dominican Sugar.
and this stock, up almost a point on
the day, was also at a new high for
the year.
Evening star., 1923-02-10
Washington Stock Exchange

SALES
Washing ton Gas 5s--SI 900 at 9Jta.
Commercial National BANK at 1857.
Merchants Bank and Trust Company-1O at
1T, 10 at III. 10 az 127, 10 at 127, 10 at 1T.
TsnstoD Monotype-10 at 13ai
AFTER CALL.
Washington Gas Lights at 55Ia.
Washington Rwy. & Elec. comic at 6Sl2.
10 at tis1a, 10 at fsla, 10 at fiS12, 30 at 6si,,
10 at 6si.. 10 at S8la, 10 at 6Sl2, 10 at ssJ2,
10 at ,ist2. 10 at 6s1a, 10 at 6sIa. 10 at 6s1a,
10 a. 6Si9.
National Savings and Trust Company-10 at
81
Merganthaler Linotype at 175. at 175.
Washington Rl-y. & Lice pfd.-10 at 75a4.
Notice--This exchange will stand adjourned
until Tuesday February Is. 1929.
Evening star., 1923-02-10
NEW STOCK ISSUES
REACH HUGE TOTAL
$4OO,7e1,83O in Preferred
, Shares Put Out in 1922.
Local Bank DoingS.

In 1922 new preferred stock issues
totaled $500, $50. according 10 COM
pilation by tho Wall Street journal.
Close to lo5 corporations announced
such issues. which probably estab-
fishes a new high record for sin
gle year.
New issues included $l0.929,6eO 3
per cent preferred by Illinois Cen
trail, $1S,0O0.O00 per cent by Libby.
Mcneil & Libby. s2O.Oo0,o00 per cent
Shell Union Oil. s25.00O.oo0 61a per
cent New York Telephone. sl2.5oS,50o
6I2 per cent Chesapeake and Ohio, sl2,-
100000 7 per cent Gimbel Bros. sl5,-
O00,0 600 6 per cent Consolidated Gas of
New York. s12.0OO,O 900 per cent NJ A.
Hanna Company and s14,000,000 per
cent Jones & Laughlin.
In 1923 preferred stock issues viii
no doubt be numerous. as they are
popular with investors. Good pre-
ferred issues have been readily alb
and per cent issues were put out at
par, many of which are now selling
at a substantial premium.
Farmers and Mechanics Plans.
Announcement was made yesterday
by Harry V. Haynes. president Of the
Farmers and Mechanics Bank of
Georgetown. that Henry W. Sohon.
local attorney. and former president
of the District Bar Association, had
of the institution. Mr. Sohon sue
Ceeds Charles II. Cragin. who had
acted in the capacity OF counsel for the
bank for more than thirty years. Mr..
Cragin resigned recently.
IT is the plan of the Farmers and
Mechanics Bank to develop its trust
department to its fullest capacity.
said Mr.. Haynes. Under the amended
federal reserve act the bank has had
trust company powers for more than
advantage of them In the old bank
building. because of lack of space
and proper facilities. In the. new
building provision has been made for
exercising all the functions or a
trust company.
owing TO this amendment to the
federal reserve act, several other
local banks have taken advantage of
tho provision permitting them to
take on trust company functions. The
District National Bank. which recent
ly acquired such powers. also is about
TO elect a trust officer and to feature
the plans of the District National
Robert n. Harper, president, said that
it is purposed to construct a mezza-
nine in the main banking room to
allow space fcr the new department.
Banks Closed Monday.
All banks and financial institutions,
brokerage firms and the local Stock
Exchange will be closed Monday in
respect to the anniversary of the
birth of Abraham Lincoln.
Security Savings Expands-
Owing to the growth of the Securi-
ty. Savings and Commercial Bank. the
largest savings Institution in the Dis
trict, the banking room has been en-
Iarged. and, according to Francis G..
Addison. jr., vice president. additional
space of ffty-f1ve by twenty-six feet
Is now being made available to pro-
vide for a lunchroom for employees
and more spacious quarters for the
hookkeeperS. About 1000 safe de-
posit boxes were recently installed.
The bank deposits now total s3,-
T16.00n, an increase of approxim ate
iy $250.000 since the beginning Of the
year Mr.. Addison said.
Evening star., 1923-02-10
PARIS MARKET FIRM.

PARIS, February 10.-Prices on the
bourse were firmer today. Three per
cent rentes 5S francs 90 ccntimes,
Exchange on London IS francs 58
centimes. Five per cent loan 76 fracs
The dollar was quoted at Is francs
IL CentimeS.
Evening star., 1923-02-10
Banks Closed Monday.


What a Trustee Should Be" is the
title of the annual booklet sent out
by the National Metropolitan Bank.
which has just been received by It's
many depositors. The booklet Is at
tractively gotten up and shows in a
roncise, well-written manner the i'm
portant functions devolving upon
those who operate trusts for others.
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15

objeto de nna moda que Sc uso duran
te much0 tiempo3 las seiloras yepeeia-
mas los llevaban exageradamente al
tos. Creese que Augusta fue inventor
de los zapatos con tacones, segdn Sc
dice, para suplir su pequefia estatura.
No Sc sabe con certeza cuando co
menzaron a usarse las botas s boti-
mes; estos iltimos Sc emplearon ya
en- Ia guerra. En- cuanto a las demas
variaciones que el calzado ha sufrido
en- los tiempos modernos, NADIA fijo
puede decirse, porque han estado su-
jetas a los mil caprichos de la moda.
solo consignaremas que el uso de
los tacones altos es funestfsimo para
Jas mujeres, como 10 es para todos la
costumbre de apretarse el pie.
El mejor calzado es el que Sc ajus-
ia al pie (sin apretarlo,) con doble
suela v el tac0n muy ancho (pero de
poca altura.)
Convene que cada cual tenga su
norma para usar constantemente boz
tas zapatos de invariables dimeasio-
mes.
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15

meros senadores ceafuns pctres, ms
Ftitufdos por RomuEo.
FL calzado de los antiques franceses
era dorado yscon galgas para sujetarlos
a las piernas, era una especie de san.
dalia. Entire el calzado antique Sc
distingufa el borceguf el cotmro,
ambos inyentados por Esquilo, qnien
los INTRODUCE en- el teatro para (lar
mas dignidad a los actores. FL pri-
nero servfa paa el genero c6mico, Y
el seglmdo para el tragico: crefase
dar de este modo al actor mas seme-
jana con los heroes que representa-
ba, y cuya mayor parte habfan sido
gigantes segdn la tradici0n.
En- tempo de Felipe el Hermoso Sc
adopt6 en- Francia un calzad0, que
luego Sc extendi6 por el resto de Eu-
ropa que Sc .llam6 sdpdto-de polaina,
del nombre de SUI inventor Polain. Es-
taba terininado EN- punta, menos.
segdn la caiidad de las personas, dos
pies para los principales Y grandes
sefiores, un pie para los labradores
y ricos, y medic pie para el pueblo
De aquf vino la Erase "entrar con
buen piep en- alguna parte.
La mencionada punta iba dorado fire.
cuentemente de fignras grotescas. La
extravaganza de esta moda hizo que
la iglesia v la autoridad civil fulmi-
naran contra ella anatemas terrihles.
Villaret supone que fue imaginada
por el principe Enrique, hijo de Go
dofredo Plantagenet, que quiso evitar
de este modo una deformidad corpo-
raj. Despues de la Suppression de los
zapatos largos Sc lIeyaron de un pie
de longitud.
Los talones altos fueron tambien
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15

FL calzado de los griegos y romanos
fue al principle de cuero, como el q.
usamos ahora. segin Plinio, el pri-
nero que us0 calzado fue un hombre
llamado Tibus, natural de Beocia.
Los egipeios empleaban FL papiro
como primera materia para e calza-
DO; los primitivos espanoles, el es-
parto; los indios, los chinos, etc; el
junco
La seda roja el limo blanco bor-
dado con piedras preciosas, lego a
ser Ia sehal distintiva de los empera-
dores romanos. Los hombres- del pue-
bio llevaban el calzado negro Y las
mujeres' blancos. Algunos senadores
Sc distingufan con una O., que indi-
caba u descendencia de los Glen pri-
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15
Una gran fortuna
deGOniSada

y s
Desde hace aproximadamente seis
meses los agentes federales habIan
venido efectuando insfructuosas pes
quisas para localizar el orfgen de la
gran cantidad de drogas her0ieas que
literalmente inundaba el estado de
New Jersey.
Finalmente, en- la noche del iueves
seis del mes en- curse, fueron deco
misadas existencias de estos subpro-
ductos del opio evaluandose Iii mer-
cancfa en- $1S0,OOO
Los agentes del Departamento fe-
deral de narc0ticos aseguran que esta
es una de las mas brillantes opera
clones realizadas desde que el uso de
La droga comenz0 extenderse en- los
Estados Unidos las autoridades Sc
vieron precisadas poner coto al tra-
ffco ilfeito.
En- relaci0n con este decomiso Sc
han efectuado dos arrestos uno de los
detenidos es Harry Rubenstein ell
otro Nathan Rothman, ambos de Man
haitian.
En- la tarde del jueves los agentes
viajaban en- un lujoso automovil rea-
lizando va las illtimas inyestigaciones
" husmeando casi el cuerpo del de-
Ito. Con ellos iba I'm millionaire de
New York aficionado a las aventuras
de los agentes secretos, pero que no
/, es amante de la publicidad por clio
Oculta su nOmbre.
Frente una casa. de la calle Ca
nal vieron un hermano dde Roth
ma que cargaba I'm autom0vil con pa
quotes de pequefio tamafio; despues
de terminada la operaci6n, Rothman
ty Rubenstein salieron y arrellanando-
Sc en- el vehfculo partieron siempre
seguidOs a diStancia por ell lujoso au-
tom6 vii Ell que viajaban los agentes
secretos. Asf siguieron hasta llegar
a Newark donde los 60 ntrabandistas
Sc detuevieron frente a una casa al
lparecer deshabitada.
Los agentes sc detuvieron cautelo-
samente varias cuadras de distan-
cia; este no obstante su presencia fue
advertida por Rubenstein el cual Sc
ape6 y lego hasta clio sexaminan-
do detenidamente el carruaje Y hacien-
do algunas consideraciones sobre la
buena calidad de las llantas.
Luego conyencido de que no corrfa
peligrO Sc encamino dOnde habfa de-
jado ell autom6vil comenz0 a des-
cargar.
Los agentes esperaron a que ter
minaran por complete V luego preci-
pitadamente rodearon la casa pene-
trando en- ella y arrestando los ira
ficantes $50 paquetes de opio otras
ldrogas fueron decomisados v los dete-
nidos fueron entregados a las autori-
dades.
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15
SBUSCA listed LA MEJoR AGEN.
CHA FUNERARIA DE. SAN JUAN2

Pues vease con don Ramon Fournier,
en- los altos del Edifcio de LAS Mon.
JAS Cristo % y medic. ALI obtendrl
Ell niejor servicio funerario y a precio
de situacion. Visitelo antes de orde-
mar ei serviciA que necesite. Telefc
no 6s.
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15
pLAcA coNMEMoRATIyA

A hordo del poderoso yapor ''Levia-
than Sc instalara una plaza CONNIE.
morativa del extinto presidente Har-
ding, como homemade, porque durante
su administrator Sc efectuaron las
importantes reparaciones en- ell lujosc
trasatlantico, habilitandolo para ell pa
sale.
Este coloso de los mares Sc esta
preparando ahora nara efectuar su
tercer viaje a Europa bajo la direc'
ci6n Immediate de In United States
Lines.
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15
HIL0 JAHONES.--Superior cuanso
Sc han empleado para coser mano
a maquina. por su hexibilidad torsiea
especial. "Los Muchachos". Saa JuaH
chachos". San Juan. P. R. s+

ATENCIoN.-Se alquila un local pro-
pio para cualquier negocio en- Allen SO.
Bajos y un apartamento para ofcina
en- los Altos. Informes en- Ell mismo.
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15
PALACE

Plan Europeo. Capacidad para ESQ
pasajeros.
Ell hotel ideal para hombres de ne
gocios y turistas de experiencia.
Habitacion con banjo para / perso-
ma, desde $1.5O.
Habitaci6n con baho para 2 perso-
mas, desde $500.
Restaurant Table d'Hote: Almuer-
20 SLIPS, Comida $1.5O y la Carta.
Precios m6dicos.
Cuando yisite San Juan haga del
PALACE su residencia.
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15
SECCION De HOTELES
CARIBE

Situado en- el cOraz6n de La ciudad.
Amplias habitaciUnes con banjo priva-
do y servicio sanitario. Ascensor, tim
bres, telefonOs y bafios, todo 10 que
irequiere Ell mas modern0 comfort.
Salon Restaurant, ell mas freseo y
'espacioso de San Juan, y en- donde me-
j0r &c come. Precios moderados.
Tel6fonos Nos. 484 y 1909. Box 3O6.
Gale de San Francisco. hey Saliva.
dor Brau "a. Entrada por Ell pasaje
Matienzo.
Sucurssl en- Caguas: HOTEL FLO
El Imparcial. (San Juan, P.R.) 1918-197?, 1923-09-15
CON TIN Entail
is TETUAN IS

Sitio centrico, cerca del ferrocarril.
de los muelles, del correo, Bancos y
oficinas cabIegrafcas.
Habitaciones c6modas ventiladas
con vistas d Ia bahia.
Servicio moderno, esmerado, y es-
peciaI atenci6n para familias. Conf
das criollas y espaholas. Precios de
actualidad.
Apartado s25. Tel6fono s25.
M. v. BENITEz,
Prcpletario.
San Juan, Puerto Rico.