The Wall Street Journal from New York, New York • Page 9

11 1 V. 'X i V' HCOME TAX PRIMER ISSUED BY GOVERNMENT OFFICIAL ANSWERS TO QUESTIONS COVERING A tv WIDE VARIETY OF CASES ijNDER THE WAR ACT iS The Department hat tamed a primer on Income tax in the form of question! and answer, amounting; altogether to about 15,000 The Wall Street Journal will print this in foil, but it win be necessary to run it in sections from day to day because of its length, Many of the questions have been answered in this paper, but as these replies are official all. of them will be printed Teven though they Involve duplications. ''''Vv'JV JUETVHWS 'S a- Am I required tto render a personal income tax return fortte year 19171 i Yes, if unmarried and your net income f6r that year equals or exceeds $1,000. If you are married no return is required unless your net income, including that of four husband or wife, equals or exceeds $2300.

If you act as the. guardian of a minor or incompetent person, or as the administrator, executor, or trustee of an estate or trust, a return will be required of you for and in behalf of your ward, or the estate or trust for which you act, if the conditions outlined under the head of "fiduciaries', as requiring a return, are present in your rase. W1AM oil II list Mr fUMAKfll llllWI 4VU a 1917 be filed? Section 8 (a) of the Act of September 8, 1916, pro-vides that your return may be filed with the Collector of Internal Revenue for the district in which you have your legal residence or principal place of business. If your legal residence is located in one Collection District and your principal place of business in another, It is optional with which collector your return shall be filed; but for -1 administrative reasons the Commissioner of Internal Revenue desires that it be filed with the Collector of the district in which your legal residence is located. 3.

When may my 1917 return be filed with a Col-V lector of Internal Revenue? On 'any day after December 31, 1917, but not later than March 1, 1918.. -1 4. Will failure to file my return within the time prescribed by law render me liable to any penalty Yes. Under the provisions of section 18 of the Art of September 8, 1916, as amended, you will be liable to a specific penalty of not less than $20 nor more than $1 000 if you fail to have your 1917 return in the office of the Collector of Internal Revenue for. your district be-: fore the close of business on March 1, 1913; and, under the provisions of section 3176, Revised Statutes, you will also be liable1 to 60 additional tax.

Therefore, you should use extreme-care to see that -your, return is placed in the mails in ample time to reach the office of yonr collector before the close of business March 1, 1918. B. May an extension of time beyond March 1, 1918, bo obtained for the filing of my 1917 return? Tes. If, on account of illness or absence from home, you are unable to render your return within the time by law, you may obtain an extension of thirty days If a request therefore is filed with the collector of your district before the due date of the return. (See sec.

Revised Statutes.) In this request you must state the reason why the return cannot be filed within; the time prescribed by law. Collectors of Internal1 Revenue are not authorised to grant extensions or more' than thirty days, but the Com-." misioner of Internal Revenue has authority under the provisions of section 14 (c) of the Act of September 8, 1916, to grant a reasonable extension beyond thirty days In meritorious coses. If you desire an extension of more than th'rty days your request should be nddrcrsed to the and should contain a detailed state- ment covering the reasons which malce it impossible for you to file your return en or before March 1. 6. Would a personal return rendered by an agent, for and in my behalf, be accepted 7 If by reacon of illness, absence, or non-residence, a taxpayer is unable to personally render his return, he may arpoint an agent to act for him, and the return executed by the agent will be accepted if he makes eJTV davit that he has sufficient knowledge to make a complete and accurate return for his principal, and assumes resnon slbility for making the return and incurring the penalties provided for a delinquent, erroneous, false fraudulent 1 return.

'7. What would happen should a taxpayer render a false or fraudulent return with intent to evade a proper payment of income tax? Under the provisions of section 3176. Revised Stat- utea, he would become liable to nn additional tax of 100, and under the provisions of section 18 Of the Act of September 8, 1916, as amended, to a fine of not to exceed $2,000, or to one years imprisonment, or both, in the discretion of the court and to the costs of prosecution. 8. May a husband and wife; living together, and each receiving an independent income, render separate returns 7 Yes.

If the husband and wife each receive an inde- pendent income equal to or in excess of $1,000, 'separate returns may be rendered. If, however, the income of either is less than $1,000, but their combined income equals or exceeds $2,000, a joint return should be ren-'dered. f. "If a husband and wife render a joint return, is the additional tax assessed against that return based upon tbe aggregate amount of income shown? No. normal income tax will be assessed against the aggregate amount reported by the husband and wife whether joint or separate returns are rendered, but the income taxes are only assessed against the separate income of each.

10. Is a married man entitled to a personal exemp-" tion of $2,009 and $400 additional exemption on account two dependent children, whose total net income does not exceed $2,400 but does equal or exceed $2,000, re-quired to render a I Yea. While he will not be required to pay an Income tax; he if required to render return if his net income equals or exceeds $2,000. 1L If an individual engaged in business takes an Inventory and his books on any day during a calendar year, ean he render his personal income tax return on the basis of that fiscal year? No. A personal income tax 'return cannot be dered for any other period than a full calendar year.

32. where ean I get the blank form upon which to render my return? From the Collector of Internal Revenue for your dia-; trict The collector will endeavor to have such forms sent to you, but failing to receive one will not excuse you from making return. If you do not receive one it is your luty to request the collector to furnish you with a copy. BATH or tax: What personal income taxes are imposed upon meome reeehred during the calendar year 1917? fs In computing Income tax liability for the year 1917; Hie normal" end additional income taxes imposed by the Act of September 8, 1916, and also the Act of October are to be considered. unaer section sj or we lortner Act a normal In- THE miJD STHEET JOURNAli HURS0AYMORNING DECEMBER 20; 1 017; OIIIO COfPEU CO.

EARNED UM'f'. IN FIRST HALF $250,257 ProdartAm Wm and Selling Pruxof erjtOc. Flotation, Equipment IIa Been Pat" 4 chased and 7s Being Rabidly Initialled In its report to stockholders for the six months ended June 80, 1917, the Ohio Copper Co. of Utah state that total copper production to 2,769,677 pounds which were sold at an average price of 27.126 cents a pound. The operating profit from this production was $223,146, to which was added income from royalties, interest, rents, amounting to $33,112, making total net profit $2657 No deduction was made for taxes or depredation.

Hubert E. Rogers, president of Ohio Copper Co, in his quarterly report, says in parti "As a result of successful operations of experimental machines installed the early part of the year, the board hav ordered flotation equipment to treat 8,000 tons of ore per day, which is all the mine and railroad can handle with the present equipment, and approximately 60 more than is treated by the mill at present. at present, under table concentration, is between 46 and 50, whereas recovery under flotation should be 80 of the copper contents. Expense of operating the mill with flotation process, it is estimated, will be considerably less than at present Cost of flotation installation will, approximate $400,000. One-half of the 8T000 ton equipment has arrived at the mill, and if the required motors arrive on time, operation of the new equipment will begin early in 1918." SPELTER 3IARKET DEPRESSED BY LARGER OFFERINGS Output Lee and So Many SmeUere Have Stopped Exeeet Supply Soon May Be Overcome Prone Western at 7 Ccntt Lees Than Cost Boston The spelter situation is still suffering from heavy over-production.

The output of prime western, however, is today probably not much over 50 of what it was when maximum operations prevailed, a year or so ago, and the increasing number of closed down smelting operations should, in the not distant future, correct the over-supply. The American Zinc, Lead Smelting Co. is not utilising more than 25 of its retort capacity, and other large producers could tell a similar story. It is because of the very heavy production, combined with a certain degree of under consumption in normal lines of activity, together with large accumulated supplies on hand; that make it absurd for the War Industries Board to set maximum prices. At 7H cents per pound for prime western, this particular grade is selling for less than the cost of production, and the only escape from this situation is to reduce the output The Government is not calling for any considerable quantities of spelter, and its long deferred orders have completely upset the calculations of the large spelter interests in this country.

COPPER PRODUCTION IS INCREASING RAPIDLY Settlement of Strikes', Followed by Scarcity of Labor, At tributed Partly to the Draft Entimated ltlt Output Exceede That of JtlS Total October production of copper in the United States and Alaska, according to compilations by the Engineering A Mining Journal, was 156,945,608 pounds. Although the domestic copper output tends to recuperate, he process is still retarded by scarcity of labor. The setback, due directly' to strikes, was most acutely manifested by the decrease in average monthly production, from 168,000,000 to 129,000,000 pounds, through the month of July, August, and September. While October shows an increase of 28,000300 pounds over September, it is considered improbable that this rate of recovery can be maintained. It is believed that the increase in October reflects in substantial degree the recuperation that can be credited to the settlement of strikes, but the deficiency which still appears to exist, of about 20,000,000 pounds, as compared with the average monthly output prior to the strikes, is in large part attributable to the operation of the draft in withdrawing labor from the mines.

This handicap can be overcome only gradually, and the separate mine reports of production suggest that it is felt unequally in different localities. Production of the United States and Alaska, for November, is expected to show further improvement, but not to exceed 10,000,000 pounds in excess of October's output Some estimates place the November total at about 163,000,000 pounds, and the total for 1917 around 000,000 pounds, which wjmld be in the neighborhood of 44,000,000 pounds in excess of the record production of 1916. WEEKLY RAILROAD EARNINGS Buffalo, Rochester A Pittsburgh': 1917 1916 Inc. Dec. 2d week $254,833 $264,679 $10346 Denver A Rio Grande: 2d week $542,900 $513,800 $29,100 24386,882 2,820,868 Jan.

1-Dec 14. .27407,760 Minneapolis A St Louis 2nd. week $257,650, $253,628 1 $4,122 Jan. 1-Dec. 15.

10,875306 10,567,553 $191347 Missouri, Kansas A Texas: 2nd week $925300 $900,006 $25,594 Jan. 4-Dec. 14.. 40,659,440 34,748,036 6,911,404 New Novy Yard and Dock Chief Washington CaDtain Charlm PorV. ed chief of yards and docks of the Navy Department erne tax of 2 is imposed upon so mueh of an individual's net Income, exclusive of that derived from dividends on the eapital stock, or from the net earnings of corpora- wuiim, cuojeci vo nice tax, a.

exceeds the amount of personal exemption to which he Is entitled under section- and so much of hisi total net income. Including that derived from dividends and net earnings of corporations, as exceeds $20,000, is subject to the additional income tax at th graduated rates proscribed by section 1 (b). Under section 1 of the Act October 8, 1917, so much of the Individual's net income, exclusive of dividends, as exceeds the amount of personal allowed by section is subject to an additional normal tax of and that portion ef his total net Income, including divi-dendsfi as exceeds is subject to- the additional in-coms tax, at Jhe graduated rates, specified in section 2, Act of October 8, 1917. STOCKS OF NEWSPRINT i DKLINED 4000 TON MONTH'S REDUCTION DUE IN PART TO IJISCON- TINUING OPERATIONS AT TWi Wlli.V YEARS OUTPUT AHEAD WashingtonReports received from thirty-six United States oneratinsr fiftv-nlna newsnrint mills, for the five weeks beWnning October 28 and ended December 2, 1917, show a decline in mill stock during the month of about 4,000 tons, due in part to the fact the Berlin Mill. Co.

has discontinued the production of newsprint nanr tv- ..4 papery and also to the fact that the plant and atock of during tte half of the month. In addition to the 215 i theT'4wer bout '600 t0B hdd at terminal and delivery points. Petio ow that the prindpal 'p dBrl" WM dn 19 owns, anu repairs in JTl Jr TL" 6 ,1 mont! and the plant of the, Cleveland Manafacturing Co. was destroyed by fire. Notwithstanding these difficulties, the production for, the year continues to exceed thai for the corresponding period last year.

Figures indicate small decline in jobbers' stocks during the month. w4vi llnZ' Perns show the following: Stocks on hand beginning of the monh, 14761 net tons; received during the monOC vzsi used and sold during the month, stocks on hand at end of month, In transit, 41,624 The figures indicate a decline in stocks held by publishers of about 9,500 tons daring the month ton lkr 12; tons and for October 14.000 tons, which is more than double the monthly exports for preceding months. Monthly reports from newsprint manufacturers show-1 ed thirteen net new contracts made during aggregating 33347 tons at prices ranging from $3 to $3.50 per hundred pounds f.o.b. mill. Of this quantity, I 29387 tons, or 88, was at $3.

Current market prices to domestic buyers for the bulk of the tonnage ranged from $230 to $3.60 for rolls in car- lots, and from $3.15 to $3.75 for sheets in carlots. Export prices were somewhat higher. The jobbers' reports indicate a slight softening in prices during November. A majority of them appear to be rather pessimistic as to the future course of the market Receipts of sulphite on old contracts during November were at price ranging- from 344 to 1100 nw ton. tha aver- for the bulk of the total tonnage being about $60.

Prices ef the bulk of the tonnage of sulphite bought on current orders ranged from $55 to $80 a ton. Ground wood deliveries on contract were at prices ranging from $24 to $45 per ton. The bulk of the tonnage being sold irom 33 to io. current market prices for ground wood ranged from $33.50 to $42 per ton. WILL KEEP MIXING COAL Miners to Take Only Two Day Off This Christmas Holiday Season Indianapolis The United Mine Workers of America in order to meet the unprecedented demands for coal will keep the mine in operation during the holidays except on Christmas and New Year's day, according to a statement issued by international headquarters here.

coal continue without interruption. shortage. DIVIDENDS UNCHANGED Cleveland The American Shipbuilding Co. haa da. dared the regular quarterly dividends of li on the preferred stock, payable respectively Feb.

1 to stock of record Jan. 15, on May 1 to stock of record Aoril 15 and Aug. 1 to stock of record July 15. The directors also de- dared the regular common dividend of 1 and an extra dividend or on the common, payable Feb. to stock of record Jan.

is. Philadelphia Readins; Co. declared the reeular mur. teriy dividend or zt on tne coaimon stock, payable Feb. 14 to stock of record Jan.

25. Also regular quarterly divi- ueno oi ve on payaDie Jan. itf lo stock Of record Dee. Western Electric Co. has declared the regular quar terly dividends of on its preferred and 2 on ti, common stock, payable December 31, to stock of record uecembcr zz.

Kansas City Southern Railway declared tha riralr i- quarterly dividend of 1 on the preferred stock, oavabla i I 1 1 January 15 to stock of record December 31. I Total The Atlantic National Bank has declared the regular Stocks: semi-annual dividend of 3, free of January'' 2 to stock of record on December 26. Other ports. Philadelphia The American Stores Co. declared the' regular quarterly dividend of 1 on the first preferred stock, payable January 2 to stock of record December 21.

Philadelphia The Northern Central Railway Co. declared the regular semi-annual dividend of 4, payable January 15 to stock of record December 81. Newton, Mass. The Stanley Motor Carriage Co. dared the regular quarterly dividend of 14 on the pre- Other erred stock, payable January 1 to stock of record December Total.

Stocks: Pittsbursrh The Ohio Fuel SuddIv Co. declamH tha Si norta. regular quarterly dividend-of 2 Vi, payable Jan. 15 to stock of record Uec. 81.

Manning, Maxwell Moore has declared the regular quarterly dividend of 1H, payable Jan. 2 to stock of record Dec 8L 'Air Reduction Co. declared regular quarterly dividend of $1 on the common stock and 14 on the preferred. payable January 10 to stock oi record January 1. Bonbright A Co." declared regular quarterly! dividend of li on the preferred stock, payable January 10 to stock record December $1.

V. 4 Cincinnati Procter A Gamble Co. declared the tegular dividend of 1 on the preferred stock, payable Januay If to stock' of. record December 31. i Philadelphia-Welsbaeh Co.

declared th- rerular semi-annual dividend of 3 lift on the preferred stock, payable December 81 to stock of record December 22. SINCLAIR EARNING ATT RATE OF OVER $7 A SHARE Interett in Corporation The I AfUr Taxta and Big Depreciation- Grott More Than. Monthly SOO-M Pipe Line -i Sinclair Oil A Refining net earnings are running at'the rate of $600,000 a month or $7,200,000 a year, after taxes and depreciation, according to Interests in the com- Pnv' This is equivalent to more than $7 a share. Gross rnhigs are running at the rate of more than $1,000,0 ,000 wth. 's Sinclair Oil earned $7,70819, or $7.70 a share In the B'Jt WM not confronted for the full twelve months period with mbnonna, of operatidns and big Federal toxeA furthermore, current earnings Include bigger charges for President H.

Sinclair has amphasiied that earnings available for interest charges, dividends and other eor- for the current fiecal year will much ex- ceed last yearTearnlngs. He has also pointed out that the on', big-investment In pipe lines, refineries, etc. "Pxhicti' for the moet part at the prwnt time. Returns from operations at the Kansas Qty refinery are just beginning to show in earnings' statements, but the profits from this section of the Sinclair Oil will not show their expected expansion until along in the early part of next year. At that time the 500-mile tine iron uio ViUkmna, vi whu vw operation along with the large refinery now pipe line from the Cuehing, Okkv field to bast Chicago under construction at the last named place.

East Chicago plant will have an initial daily capacity of 10,000 barrels. This will be increased later on. It is estimated that a year hence, when all the refineries now under construction are running at capacity, and the trunk and feeder pipe line system approximating 800 miles is in operation Sinclair Oil Refining Co. capacity of something like 60,000 barrels. OUR COTTON CONSUMPTION WAS NEVER GREATER WtK Chiefly Concerned Over Gettmg Enough Staple Prices Sot So High a Now Sice the Ciril War Mill Profile Larger A prominent cotton man who was asked yesterday whether he did not think that present prices were too hieh and whether a' considerable decline was not justified.

Stated in reply that he would not venture any opinion, but that he could point out the following facts: "Cotton has never seen present prices since the Civil Wsr. "American consumption of cotton wss never greater than at present The number of running spindles is steadily on the increase. "The sale of manufactured products was seldom easier than now. "Mill profits are larger than for 60 years." This last statement caused us to extract the following figures from the statistics of the United States Bureau of Labor: Yarnieard- N. Y.

aver- ed, white, mule-age price spun, Cones 10.1 Difference between raw and product 18.10 or 70 of staple prices per. Ib. 1917 August 25.90 44.00 11917 July 26.10 45.00 1916 July 13.00 25.30 1915 July 9.20 16.00 1914 July 13.10 21.50 1913 12.79 22.13 1910 15.13 2333 1905 9.65 17.33 1900 9.61 18.60 1895 7.30 14.77 1890 11.09 17.90 18.90 or 12.30 or 6.80 or M0 or 9.34 or .21 or 7.78 or 8.89 or 72 95 74 64 73 64 81 93 7.47 or 102 6.81 or 61 Figures for full year not available. A comparison of these figures does not indicate that the mills will have to close down in consequence of a dU minishinx margin of profit In fact the figures confirm the general opinion that the mills are doing a splendid business even at present prices and that their main con- cent is not the price of cotton or slow demand but only the question of getting suitable cotton and prompt trans Importation for same. i uTrfiT txnrv 1 Havana Principal items in weekly Havana (cable received Dec 18 are as follows (in tons) sugar OLD CROP This wk.

Last wk. Receipts: 1916 1,757 1915 Exports: 3,280 70 Six ports. .2,356 4,209 Other ports. 1,498 2,856 989 6306 3350 5,707 3345 6,306 14,788 6395 841 841 8,075 7395 9,651 20383 new caor Receipts: Six ports Other ports. 1.214 10,718 236 5,000 886 3321 Exports 11,932 5336 4,707 12,683 957 2,357 2357 1,450 13361 2,964 3,921 4351 10346 1537 65 236 5,000 6336 28 1,000 3,927 4327 25 Other ports.

ToUl. 14311 0 Central grinding. Weather unsettled. Ht. L6ul, Rocky Mountain' Dlv Increased St Louis, Rocky Mountain A Pacific Co.

declared a quarterly dividend of 1 on its common stock, payable January 10 to stock of record December 3L This is an increase of Vs of 1 over the previous quarter. Company is earning at the rate of about 7 per annum on iU $10,000,000 common stock. -t 'j V' American Hhlp Building Washington It Is announced from Alexandria, Va that the Amer. Ship Building C. W.

Mora ef New York president, has purchased 60 acres of land there and will construct a $2,500300 plant." Tha company claims to have $20,090,000 worth Of Coveroattnt con tract. j.i-.-i- 'v- 1 WORLD'S. LARGEST OFFICE 'p a I BUILDING FULLY OCCUPIED EQUITABLE SPACE HAS 'AVERAGED $2.25 A SQUARE FOOT OR ABOUT $2,760,750 ANNUALLY Rentable Area Nearly as Large as Woolworlh, Tnnity and Whitehall' Buildings Combined ISO, 000 Persons Pass Through tht Building Daily No yv Dividends on Slack 680 Tenants Employ Persons The Equitable Building, the largest office building' in -the world, and a fair sized city in itself, is now fully occupied. The leases run (rom three to ten years, sind. the annual rents range faom $1.75 to $2.50 a square foot, the average rental being about $2.25 a square foot -C As the building has 1327,000 square feet of rentable area, about 28 acres, the average rental of $235 a square foot means annual revenue of about $2,760,750.

With the building fully rented, this would permit operating expenses a high as 40 of gross, the payment of taxes and interest charges, and leave slightly less than -000 for surplus Annual taxes amount to $450300, the building is assessed at $25,000,000, and interest charges on outstanding bonds are $1,120,000. 0 V- There are about 650 tenants in the building, employ- ing approximately 13,000 persons. The building has more elevators, than any other in the world, being equipped with sixty-one of the Otis Elevator Co. products, which have a speed of from 650 to 650 feet a minute. An idea of the importance of the bnilding in the financial district can be gleaned from the fact that 150,000 person pass through it each business day, and of this number between 95,000 and 100,000 use the elevators.

The information desk, located in the center of mail corridor, contains a complete list of every person working in the building, with the firm and. office number. "Information" answers questions at the rate of seven minute, or 3360 questions in an eight-hour day. The title of being the largest office building in the world does not mean that the Equitable is the highest building, as it is E50 feet- above the ground, and 85 feet underground; while the Wool worth Building is 792 feet high. But the Equitable Building is built on square lines from street to roof, and is without a tower.

Its rentable area of 1327,000 square feet is almost as great as tho aggregate rentable area of the Woolworth, Trinity, and Whitehall buildings, whose total rentable area is 1,270,000 square feet Georsre T. Mortimer, president of the corporation, dis- cussing skyscrapers, said that the invention of the caisson foundation made the skyscrapers possible while the development of elevators made them practical. In the first -instance because buildings of such weight must have more than the old fashioned piling foundation and secondly, swift elevators are needed for transportation of passengers in buildiners of treat height "Of course the present method of steel structure is of vital importance because it permits the use of walls of uniform thickness whereas the old method was to use thick blocks of stone the lower layers increasing in according to the height of the building. But skyscrapers would not be possible without modern elevators and caisson foundations. In the case of the Equitable) building it was necessary to svnk the caissons S5 feet before solid rock was It has been the endeavor of the management to make the building the renter of financial New York to have representative banks, brokerage houses and corporations as tensnts.

No offices are rented to brokers unless they are members of the New York Stock Exchange. The Equitable Life Assurance Society, occupying three floors, is the largest tenant, while the Bankers' Club, which takes in the three top ranks next The hanks located in the building are the Federal Reserve Bank for the Second District, Liberty National, Empire Trust and Yokohoma Specia Bank. Among the large banking houses are W. T. Bonbright A F.

S. Smithers A Lazerd Freres and Knauth, Nachod A Kuhne. The Public Service Commission for the First District occupies an entire floor. Among the large corporations are Gaston Williams A Wigmore, one floor; American International Corporation, one floor; American Can one nnd one-half floors; General Electric one and one-half floors; Mexican Petroleum Armour A Southern Railway Aluminum Co. of America, U.

S. Smelting Pittsburgh Steel American Smelting A Refining Chile Exploration Co. and Stone A Webster. The Savarin Restaurant occupies the basement and the first sub-basement Some figures of the materials used in constructing the building follow: The steel frame work weighs 32,600 tons and if made into 120 pound rails, the heaviest in use, would make a double-tracked road 95 miles long; 2,700,000 fsce bricks and 18,000,000 interior bricks were used, enough to build a four-foot sidewslk from New York to Washington, D. the granite, brick work end msrble weigh 250,000 tons and this, crushed and made Into concrete, would fur- nisb material for a road 4Va feet wide, 4 inches thick and 450 miles long.

The building took twenty-one months to construct and was open for occupancy on May 1, 1916. It con tains five and eight-tenths miles of hallways and corridors, 10,000 doors and 6,000 windows. The third floor below the street level is occupied by the boiler room and electric generating station, fifty tons of coal being consumed daily for heat and generating electricity. The electric plant has five units with a total generating capacity of 2,600 used for illumination, operation of elevators and motors in the building. About 1,000,000 feet of elec-trie conduits were used to wire the building and 270 fixtures, equipped with 100 watt lamps, are installed on each floor.

The elevators required 8 miles of vertical rails and 02 miles of cables. The Equitable Office Building Corporation is controlled by Colemsn du Tont, former president of the du Pont Powder Co. and major owner in the Equitable Life Assurance Society. Its capitalisation consists of $20,600,000 first mortgage 4rr bonds dated May 1, 1914, and maturing 1974, the entire issue being owned by the Equitable 'Life Assurance Society. There is also an issue of second mortgage 6 bonds dated May 1, 1914 and maturing May 1, 1949, this Issue being in the hands various owners.

About 80 stockholders own the 000 6 cumulative "preferred and 80,000 shares of common stock, the latter without par vaiue, no uivmenos nave been paid on the stock Issues, Outgoing Majl Records Ilroken rheva All local records for outsrolnsr mail ton nam were broken in the twenty-four hour period ended Tuesday morning. Nine hundred and ninety-seven tons of parcel post were received for out of town shipment, which is equivalent to 100 carloads. Metal WorkerV Btrlko Oft Butte, Mont Strike of metal mine workers, alleged to have been supported by the and which has held sway in Butte since last June, has been, called off. At a meeting Tuesday night labor leaders announced the move-1 ment has been abandoned because of men deserting the "cause' and returning to the 3.