davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-03-27
INCOME TAX QUOTAS
MAY BE REARRANGED
Payment of go Per Cent of Taxes
in March and June Is
Discussed.
BY WILLIAM LEE.

1t now appears to be a possibility
that income taxpayers of the country
may be called upon in March and June
1888, to pay total of so per cent of
their taxes on 1882 incomes, instead
Of the usual so per cent.
AS a result of the turmoil in the
House over the revenue legislation, seri-
Gus consideration is being given by the
Treasury to a proposal to ask Con-
gress for revision of the installments
next year SO that the March and June
installments each may be 80 per cent
of the total, instead of the IS per cent
now operative.
Since the House has defeated the
sale tax plan, the Treasury is in just
as much Of quandary as to how it
will accomplish balanced budget as
is the Ways and Means Committee
Its worries are directed to the fiscal
year beginning July l, 1882, and that
is why there is much calculation 60
ing on at the Treasury over the prob
able results of a changed installment
basis
The Treasury cannot evade the con-
clusion that increases in income taxes
will yield nothing until March IS, 1888,
when the returns for the calendar year
Of 1892 are filed. 1t is considered,
therefore, that by increasing the per-
centage of the March and June INSTALL
ments, both of which fall within the
fiscal year starting next July l, extra
money may be brought in to make up
revenues which it was hoped to collect
in the current calendar year in the
form of sales tax.
Copyright, 1882.
Evening star., 1932-03-27
BOND PRICES DROP
ON BRISK TRADING
b. S. Group Softens-Rail
and Other Issues Are
Under Pressure.
BY VICTOR EUBANK,
Press Financial Writer


NEW YORK, March 26.-The bond
market was unable to recuperate ovel
the Friday holiday and lower prices
were the rule in today's brief session.
Even the United States Government
list which has been running counter
to the general trend during the past
week or more, softened moderately
Losses, however. were for the most part
small. although the activity was more
pronounced than on Thursday.
Considerable liquidation was present
IN the railroad department as well as
in various utility and industrial groups,
and especially in some of the bonds of
foreign corporations.
Announcement from Stockholm that
q moratorium would be asked for
Kreuger g. Toll, as result of the eX-
tremely unsettled situation, brought a
precipitate slump in loans of the Kreuger
group. Kreuger & Toll SIS and both In
ternational Match SIS fell to new low
records for the year. The former dropped
around 9 points at one time, while the
latter were off about 6.
The railroads had little part in the
proceedings. Baltimore & Ohio issues,
together with those of Missouri Pacific,
New York Central, Nickel Plate and
Chicago & Northwestern were partic-
ularly heavy.
There was a slightly better attitude
toward the utilities, although the ma
jority of them hung up minus signs.
SteadinesS was shown by American
Telephone and Consolidated Gas loans.
Shell Union Oil 5s were the weak spot
OF the industrials, sinking around S
points for a new years los Goodyear
IS and United States Rubber SIS also
gave ground.
German government obligations eased
after an early rally. French and Ital-
ians were firm and some of the Chileans
gained slightly.
Evening star., 1932-03-27
CHICAGO DAIRY MARKET.

CHICAGO, March 26 up Omitted
States Department of Agricultural -
Cattle-Receipts, 200 head; compared
week ago. common and medium grade
steers steady to IS lower; good and
choice offerings Is down; instances so
off on heavies; values worked sharply
higher early, but declined on excessive
post storm run; closed fairly active at
decline; largely steer run; common
grades remained very active; extreme
top weighty steers, 875; best yearlings,
$40; bulk, 525a7.50; average cost stand
ing around 6.35; all she stock strong to
25 higher; most butcher heifers and
heifer yearlings 25a40 higher; bulls
10al5 lower: vealers largely 50al 90
higher; stockers scarce and strong at
4.50a6.00; heavy half fat feeders, 5.75a
625; best, $50.
Sheep-ReceiptS, 5000 head; today's
market nominal; for week ending Friday
78 doubles from feeding stations l7,200
direct; old crop lambs mostly 25a5O
lower; choice kinds off most; very dull
at close; other killing classes weak, with
lower tendency; closing bulks follow.
Better-grade wooled lambs, 6.25a6.75;
best, ITO; weeks top, 7.50; good clip
pers, 500; unfinished wool skins. 5,75a
600; throwouts, 4.75a5.50; fat ewes, $50
a400; native springers, l0.00a1l.00; few
hand-picked lots, 11.50a1Z00.
Hogs-Receipts. 5000 head, including
1000 direct; steady to strong with Fri
days average; 10000 pounds. Asa
4.40 top, 440; 21O-250 pounds, 4l5a
430 260-3l0 pounds, 4.00a4.15; pigs,
375a4 90; packing sows, 3.45a3.60; COM
pared week ago 15a25 lower; shippers
took 1000; estimated holdovers. 1000;
light lights. good and choice. 140l6O
pounds, 425a4 40; light weights. 10000
pounds, 425a440; medium weights, 200
$50 pounds, 410a4 40; heavy weights,
250-350 pounds, 390a4.20; packing soWs,
medium and good, 275-500 pounds. 3.40a
AIS; pigs, good and choice, 100-l30
pounds. 36oa425.
Evening star., 1932-03-27
INVESTMENT TRUSTS RETAIN
HOLDINGS OF COMMON STOCKS

shares year previously, while the
total holdings of American Telephone,
114,699 shares, was off only 4,410
shares.
General Motors and National Dairy
Products were tied for second place,
in point of the number of portfolios
in which they appeared. They were
each held by "a companies. The
amount of General Motors held shrunk
to 1888 shares from 234,46O a year
previously, while the total of National
Dairy, 287955 shares, showed a gain
of 40,302.
General Electric displaced United
States Steel as the most widely held
industrial issue, appearing in 90 port
folios, as against only II for Steel.
Despite the slipping popularity of the
rails, Union Pacific was still held in %
portfolios, usurping the previous years
leadership from New York Central,
which appeared in only IT.
Among the more widely held issues
were American Gas and Electric and
Public Service of New Jersey, held by
30 trusts. and Pacific Gas and Electric,
Southern California Edison and United
Gas Improvement, each held by %.
Evening star., 1932-03-27
STEEL PRODUCTION
STEADY DURING WEEK
Trade Now Expects Delay of Few
Weeks in Usual Seasonal
Advance.
BY the Associated Press.

BY the Associated Press
NEW YORK, March 26.-No marked
change in the rate of production or
demand occurred In the steel industry
during the past week, and trade ex-
pectations are that the usual seasonal
upturn may be delayed for few ad-
ditional weeks.
Hopes for improvement are based on
expectations that large automobile
manufacturers will In the near future
release orders which have been held up.
Recent or prospective railroad f1nanc-
ing and seasonal gains in pipe line
projects as well as the building trades
are expected to bring some improve
ment in demand from these quarters.
Ingot production was still estimated
at Is per cent of capacity. Prices were
unchanged. A somewhat easier under
tone for pig iron was developed, with
demand quiet
Copper held steady at the Scent
level for electrolytic delivered in the
Connecticut Valley At this basis for
eign buying was absorbing the greater
part of custom smelter output, and,
while domestic demand is stagnant,
there is no pressure to sell. Large pro-
ducers are out of the market Home
consumers, who have immediate needs
supplied, are bidding under the market.
Evening star., 1932-03-27
KREUGER AND TOLL
STATEN ENT ISSUED
Position of Company Declared "Not
Strong" in Report of Bank
ing Company.
BY the Associated Press.

BOSTON, March ga report BY a
commission created to cooperate in ex-
animation of affairs of the Kreuger q
Toll Co., finding that the company's
position was mot strong" has been dis
closed by Lee Higginson g. Co., inter-
national bankers.
A statement issued by Lee Higginson
& Co. said that "the company'S posi-
ton is not strong and should its affairs
have to be wound up at prices obtain
able at present it Is not certain that its
assets would be sufficient to cover its
liabilities, even if participating de-
bentureS were excluded"
The Lee HigginSon Co. said the COM
missions conclusion was strongly at
variance with the Kreuger company's
published report covering its operations
for the year 1880.
1T is also at variance" the state
ment said, with the statement of Mr.
Kreuger, as chairman of the board of
directors of the company, and with the
information given to this firm by Mr.
Kreuger during his visit to the United
States during January and February,
1882"
At that time, the statement said,
Kreuger submitted a tentative balance
sheet showing a net profit for the year
1881 available for participating deben-
lures interest and dividends of approx
mately $21,0O0,000, equivalent to about
$2.19 per American certificate.
Evening star., 1932-03-27
WHOLE WORLD SEEN
GAINING CONFIDENCE
Better Feeling in United States
Said to Be Spreading to
Other Nations.
Special Dispatch to The Star.

special DlSpdtCn 10 Ine Star.
CLEVELAND. March 26.-Confidence
in financial conditions and in the en-
tire business structure appears to be
steadily returning not only in the
United States. but the world over. says
the Union Trust Co, in its current sur
vey of business conditions. Launching
of the Reconstruction Finance Corpora
ton and the gradual return of hidden
money into circulation are helping in
the general improvement Of sentiment,
it is pointed out.
Actual statistics as to the volume
OF trade show little improvement and
tariff barriers and serious reparations
problems remain to be solved" says
the bank in its magazine, TRADE
Winds" Returning faith in banks,
in the credit of governments and in the
structure Of business, both here and
abroad, may serve as a firm founda-
ton for the recovery of business, but
such improvement is expected to be
gradual
According to reports the Recon-
struction Finance Corporation has al
ready loaned over SCI 100000 to 255
banks and over $47,00O,00O to the
country's railroads. The effect of such
loans in far-reaching. The bank re-
ceiving such a loan may find it pos
sible to release further credit for cir
culation. To railroad such a loan
may make possible, in the not distant
future, long deferred purchases of
equipment and supplies required for
maintenance"
Evening star., 1932-03-27
NEW YORK BANK STOCKS

NEW YORK, March 26 (SpeciaD -
Bank and trust shares finished irregu-
larly today as offerings increased in the
final dealings.
Bankers Trust at 569l was off 4;
Brooklyn Trust, 217, off 3; Chase Ma
tional, 3658, off Il; National City, 43la,
of u; Commercial, l4O, off 3; Chem
ical, 80; off "a; First National, 1900
of 20; Guaranty Trust, 28O, off 8;
Irving. 1879, off 1s; Manhattan, 27. off
lss; Manufacturers Trust, 291a, off "a;
New York Trust, 83, off 215 Public Ma
tional, 25, off "a. The following were
unchanged: Central Hanover. 14O:
Continental. 1884: Corn Exchange, 81:
Empire Trust, 2412, and Title Guar
antee 81 Trust, 81.
Evening star., 1932-03-27
FEWER FUNDS TIED UP
BY BANKING FAILURES
BY the Associated Press.

By the Associated Press.
Less deposits were tied up through
failures in February than for any
month last July.
The monthly statement Of the Fed
eral Reserve Board, covering Febru-
ary, revealed that the deposit line of
the lis closures last month amounted
to cniy $60,047, 900 as compared with
$225, 5,4l4,000 the month before, and
with S227,051 900 in December.
The statement showed also the en-
couraging feature that reopenings have
been on the upgrade during the last
five months ended with February. In
this period total of 125 institutions
have restarted operations as compared
with only 36 in the preceding five
months. Reopenings since September
have restored total of $50, SOB 900 of
depositors' funds.
Failures during the current month
promise to be less than for any period
since unsatisfactory business condi-
tions set in. Secretary of the Treasury
Ogden L. Mills disclosed that net
losses in the banking field for the first
three weeks of the month numbered
but 16, which compared to the past
is virtual cessation.
Evening star., 1932-03-27
DISTURBING SITUATIONS
CLEARED DURING WEEK
Special Dispatch to The Star.

NEW YORK, March 26.-Two "sit-
uations" that have been disturbing to
the Street have been corrected this
week, the one involving the Missouri
Pacific Railroads April / maturity and
the other the adjustment in the capital
structure of the Electric Bond Sz Share
Co. and continuation of dividends on it's
preferred stocks. This is expected to
have the effect of improving senti-
mept, for a considerable amount of
anxiety was felt over the outcome of
both matters. On the other hand, Wall
Street is still concerned about the Mid
die West Utilities situation and feels
that some sort OF capital reorganization
will have to be made by this company.
The Kreuger & Toll situation is also
in a state of much confusion, with the
Swedish Committee today recommend
ing a moratorium and the bankers
claiming that such a drastic step is
unnecessary.
Evening star., 1932-03-27
GERMAN STOCK MARTS
CLOSED UNTIL TUESDAY
BY the Associated Press.

BERLIN, March 26.-German stock
exchanges will not reopen until next
Tuesday and as a consequence no esti-
mate could be made today of what ef-
feet any shortage of assets of the Swed-
tsh Kreuger & Toll Co. might have
here
A special investigation commission at
Stockholm announced yesterday that
the assets of the company might not
cover its liabilities.
Direct loss of capital by German in
vestors was not expected to be heavy,
however. The chief sufferers from any
shortage of assets would probably be
the Deutsche Union Bank and the
PreuSsische Central Boden Credit An
Stalt, both of which are partly owned
by the Kreuger concern.
Evening star., 1932-03-27
FEDERAL RESERVE RATIO.

By the Associated Press.
The ratio Of total reserves of the IL
Federal Reserve banks to deposit and
reserve note. liabilities combined contin-
ued to show a rising tendency during
the week ended March %. The ratio
for comparable weeks follow, as re-
ported by the Reserve Board:
Week ended March %, 7O.6 per cent;
previous week, 700 per cent; same
week last year, 85.4 per cent.
Evening star., 1932-03-27
STOCKS OF U. S. COTTON
REVEAL GAIN IN JAPAN

By the Associated Press.
Stocks of American cotton at Japan
ese ports amounting to $4,000 bales at
the end of February were reported to
the Commerce Department.
This was an increase of $4,000 bales
over the stocks at the end of January,
and an increase of 100000 bales since
February, 1881.
However, the stocks Of other than
American cotton amounted to 10000
equivalent bales of 500 pounds at the
end of February, showing a decline of
41,000 bales from stocks at the end of
the previous month.
Evening star., 1932-03-27
RESTRICTION OF COPPER
WILL START ON APRIL

Effective in April, a number of the
leading copper companies have agreed
to restrict production still further, from
the current rate of about 2612 per cent
OF capacity to 20 per cent of capacity.
This will cause total copper output to
fall to about 10000 tons a month, or
somewhat less than present consump-
ton.
Evening star., 1932-03-27
FOREIGN BUSINESS
FAILS TO REGISTER
USUAL SPRING GAIN
Continued From First Page.)

in Southeastern Europe, the srlrinkage
of the German export surplus and a
progressive tightening of international
trade restrictions aimed desperately at
an avoidance Of imports, the payments
for which are menacing national cur
rencies. Under these circumstances the
depreciation in sterling, protecting the
home market and stimulating exports
temporarily, enables British industries,
notably textiles, to make fair showing
compared with those Of other industrial
nations, but it remains difficult to find
real signs of the re-establishment Of an
enduring economic equilibrium.
Copyright, 1882.
Evening star., 1932-03-27
COTTON EXCHANGE CLOSED.

NEW YORK, March 26 (SpeciaD -
The New York Cotton Exchange re-
rnsined closed today for the Easter
holiday.
Evening star., 1932-03-27
NEW YORK, March 26 P).-Over-
r1arlat
EARNINGS REPORTED.
(Reported by Chas. D. Barney &

NEW YORK, March 26 up. Per
share earnings Of corporations reporting
this week, with comparisons for a year
ago include:
Evening star., 1932-03-27
RAILROAD OPERATING
INCOMES ARE REPORTED

BY the Associated Press.
NEW YORK, March 26.-Net oper-
ating income for February of roads re-
porting today with 1881 comparisons in
cluded.
Evening star., 1932-03-27

Sol2.526.98 Slt46l IA
JOHN o. PLATT, President.
JOHN J. CONNOR, Asst. Secretary
Subscribed and sworn to before me this
10th day Of February. 1892.
tSeal) THOS. A. MACDONALD.
, Notary Public.
Evening star., 1932-03-27
YOUR
SECURITIES
ANALYXED

Are you in doubt about the wis.
dom of continuing to hold some
of your securities? An unbiased
survey will prove of great value
to you right now. The investment
experts of The Financial World
will give you advice on whether
to hold or sell any three listed
securities you own, provided you
send S1.OO for the next 8 issues of
The Financial World. Simply re-
turn this "ad" with SI.OO and
your address with the list of three
securities you wish surveyed.
ReFNANCLAL WORLD
america s Investment and Business Weekly
53-FM Park Place New York
Evening star., 1932-03-27

ss,5l9 9310.67 sl0,4o50
VIM. s. EVANS, Vice President.
A. T. VOSS. Secretary.
Subscribed and sworn to before me this
25th day of February, 1892.
(Seal) EDWARD G.. GRIFFITH.
Notary Public.
Ny commission expires February IT,
1888.
Evening star., 1932-03-27
STATEMENT OF THE CONDITION
OF THE
Franklin Fire Insurance Com
pany of Philadelphia,
Pennsylvania

on the Slst day Of December, 1881, as
OF Law for the District of Columbia.
Evening star., 1932-03-27

Totals $B,870,247.3e s1Os oar. So
JOHN S. LOVE. Vice President
(. A. SCHMTTT, Secretary.
Subscribed and sworn to before me this
3rd day OF February. 1882.
(Seal.) CHRISTINE OLTMANNS.
Notary Public, Westchester County, N Y
Certificate fled in County Clerks and
Registrars Once, Westchester County
New York Co. Clk.'s No. 255, Reg No
No. 47-0-33.
Evening star., 1932-03-27

w KURTH, United States Manager.
Subscribed and sworn TO before me this
9th day of February, 1882.
(Sea) A. @. KRUG,
Notary Public. Queens County, Clerks No.
1895, Registrars No. 483I Certificates
fled in New York County, Clerks No.
%, Registrars No. 3Kll. Commission
expires March so. 1898.
Evening star., 1932-03-27

On the 31St day OF December 1881, as
REQUIRED under Section CAT Of the Code OF
Law for the District of Columbia.
Evening star., 1932-03-27
STATEMENT OF THE CONDITION
OF THE
National Security Fire Insurance
Company of Omaha, Nebraska

On the 3ist day of December, 1881, as
required under Section CAT of the Code
OF Law for the District OF Columbia.
Evening star., 1932-05-01
ICE INDUSTRY SHOWS
INCREASE FOR YEAR
Unusually Mild Winter Has Con-
tributed to Gain in Sales
Throughout Country.
BY F. A. RESCH,


CHICAGO, April 80. AT least one
billion-dollar business-the ice industry
- finds itself in decidedly better
economic position than it held year
ago.
With investments exceeding $1,000
900, 900 and a turnover in 1881 of near
ly $3.50, 100000, 1t boosted sales to a
new peak last year and has started
1882 with further increases in business.
while We make no claims of being
depression proof" says Leslie c. Smith,
secretary of the National Association
of Ice Industries, ''the industry gen.
orally has held its own financially, and
sales have gone up steadily.
THE ice business as a whole is in a
decidedly better economic position than
it was a year ago, and with favorable
weather should have a much better
year in 1882 than in 1881"
Last year the Nations icemen man
ufactured 57.365 900 tons of ice, an in
crease of 2.8 per cent over 1890 sales,
which represented the greatest output
since 1925. More than 100000 tons
Of natural ice also were sold last year.
Sales declines in many areas during
in other sections to make possible a
gain in total volume of business.
Favored by mild weather, per capita
consumption of ice rose from 1,154
pounds in 1880 to 1,167 in 1881. In
most sections of the country, says Mr..
Smith, ice sales have displayed an in
crease since the first of this year Sales
of new types of ice refrigerators also
have gone up.
Evening star., 1932-05-01
BIRTH OBSERVED
BY DAWSON LODGE
First of Anniversary Exer.
cises Set for Tonight at
Masonic Temple.

Ceremonies marking the 18th ami
versary of Dawson Lodge, No. 16, of
Masons will be held this week.
The first observance will be tonight
ct 6:45 o'clock, when the lodge mem
berS will meet at Masonic Temple in
special communication and march in a
body to Calvary Baptist Church, Eighth
and H streets, to participate in services
under the direction Of DR.. William S.
Abernethy.
The history of the organization will
be reviewed and an entertainment pro-
gram offered when the lodge meets in
special communication Thursday night
at 7:3o o'clock. All Masons in the city
have been invited to attend.
Dance Friday Night.
An entertainment and dance for
members and their families will be given
Friday night at the Shrine Club House,
1915 K street.
Dawson Lodge, chartered May 5, 1857,
was named for William c. Dawson OF
Green County. Ga, a member of the
House from 1887 to 1912 and United
States Senator from 1949 to 1855. He
died in Greensboro, Ga, May 5, 1856.
The lodge was chartered on the first
anniversary of his death.
The late Samuel Gompers, former
president of the American Federation Of
Labor, was a member of the lodge. A
delegation of members accompanied his
body to New York for burial and the
lodge held memorial services in his
honor. He bequeathed the lodge 500
for the purchase of an American flag.
Officers of Lodge.
Present officers of the lodge are:
Christian A Manning, master; Vernon
Cleaver, senior warden; Eugene Meads,
junior warden; John A. Colborn. sec
retary; Edward E. Swan, treasurer;
Arthur B. Butrick, master of cere-
monies; Rev. Samuel H. Kornmann,
chaplain; Luther r. Ray, senior deacon;
David S. Dawson, junior deacon; Ralph
C. Boyd, senior steward; Herbert w.
Smith, junior steward; William F. Lam
nan, tiler, and John L. Apple, organist.
The original officers of the lodge we're:
S. T. Shugert, master; S. c. Lawrence,
senior warden, and z. D. Gilman, Junior
warden.
Nineteen of the charter members
were from st. Johns Lodge, including
10 employees of the Patent Office. Con-
secration services were conducted May
9, 1857, under the auspices of the
Grand Lodge, headed by George c.
Whiting, grand master.
Evening star., 1932-05-01
MAMMALOGISTS TO MEET
American Society to Convene at
Museum Tuesday.

The fourteenth annual meeting
of the American Society of Nam
malogists will convene at the National
Museum on Tuesday, followed By the
annual banquet Thursday night at the
Washington Hotel
The society's board of directors will
meet Tuesday at the hotel. The local
committee on arrangements includes
DR.. w. M. Mann, director of the Ma
tional Geological Park; DR.. Remington
Kellogg, assistant curator of the division
of mammals; Ernest P. Walker, as
sistant director of the Geological Park,
and walter c. Henderson and Dr. H. H.
T. Jackson of the Bureau of Biological
Survey.
Evening star., 1932-05-01

England observes Primrose day on
April 19 as the anniversary of the
death of Benjamin Disraeh. Primrose
day was founded in 1882 on the first
anniversary Of the great statesman's
death.
Evening star., 1932-05-01
MANUFACTURERS SESSION
Office Equipment Institute Meets
May 5 and 6.

The ONCE Equipment Manufacturers
Institute will meet May and at the
Washington Hotel and Department of
Commerce.
w. D. M. Simmons Of New York is
president Of the institute. Other officers
are w. r. Greenwood of Stamford,
Conn, secretary-treasurer, and F. H
Bloom Of Rochester, vice president
The opening session will be held at
the hotel, with afternoon sessions at
the department. The annual dinner
will be held at the hotel Thursday
evening.
Evening star., 1932-05-01

Music publishers call this the "hill
billy cycle" with a type Of song-theme
similar to that popular 25 years ago
and then known as the "rustic ballad !"