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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 05, 1920
Page
21
A sprawling page lists markets in Baltimore Pittsburgh and other cities with scattered figures and items. Amid ads for gas tolls coal centers and rental services are references to dates numbers and local business names.
Washington June 4 The Bureau of Internal Revenue warned that those who evade federal income taxes will be vigorously prosecuted. It cited three Isaac brothers junk dealers of Elizabeth New Jersey with Julius Isaac sentenced to two months in jail and Jacob and Joseph fined $100 each for unreported taxes totaling 520,000. Commissioner Williams said fraud evidence will trigger thorough investigations and extreme penalties to ensure wealth does not shield willful tax dodgers. The bureau urged voluntary compliance before discovery by investigators.
The BRT announced rush hour measures to transfer passengers from Will iameburg Bridge lines to the subway via stent and to restrict transfers to Canal Street platforms and stairways. The rule, effective next Monday, limits access from 5 p.m. to 7 p.m. for Manhattan-bound riders and from 20 M to a th for inbound travelers.
Superior Oil Corporation won approval for a stock increase as Atlantic Kehting Company buys a substantial interest. Officials say the move may shift control with new directors, while some representatives deny imminent changes.
Fragmentary OCR text describes a financial note on operating expenses and depreciation. It mentions a signal exchange, maintenance costs, and revenues from various sources including a renewal appreciation. Content remains garbled and hard to interpret.
City officials clash over rights to water use and a pending ejectment suit against New York Central. Mayor Hylan insists on negotiating a settlement with the railroad while Comptroller Craig resists public disclosure of plans, prompting council debate and committee referral.
The Atlantic Coast Shipbuilders Association reports April private steel tonnage rose 67 259 tons, a small gain after March and below six month averages. Private orders total 1 404 098 gross tons as British yards show larger output, while Shipping Board releases and high prices push tonnage down amid tight exchange conditions.
State Comptroller Eugene M. Travis replies to The Brooklyn Times attack calling it purely political. He denies paying above market prices for sinking fund bonds, notes that purchases are for state and municipal issues only, and explains payment timing and market value fluctuations while defending bond purchase legality. He cites editor John N. Marman of Brooklyn Parks and political opponents as historical backers of hostile campaigns.
A pre nuptial agreement between George W. Post Jr and Miss Bernice Mabley provided for thirty eight notes of 100000 each totaling 3.8 million dollars in consideration of her marriage. The arrangement was cited in a Supreme Court proceeding as Post sought leave related to trusteeship and resignation matters.
Patrolman Michael Mulenhoy charged with felonious assault and suspended yesterday at West Thirty-seventh Street station. The text also mentions fines, a warehouse sale, and a Marine bill progression through Congress with terms like Senate passes and House consideration, reflecting a chaotic mixed item summary from an old paper.
The wholesale price of potatoes fell to a new low with best grades offered to jobbers at about $12 a barrel after a lengthy drop from a peak of $17. Four hundred twenty five carloads arrived locally on Thursday, prompting retailers to cut prices to consumers to about 12 cents a pound. Watermelons from California are entering the market but are of poor quality and priced high. Receivers who bought the crop before planting are getting $120 to $135 per melon. A local merchant blamed the high retail price on public demand, while an official warned of profiteering in foodstuffs. The Department of Justice flying squadron visited Long Island towns to investigate such conduct, focusing on coal and ice pricing and complaints against local profiteers.
Continental Oil, a former Standard Oil subsidiary marketing in the Rocky Mountain region, announced a subscription offering of $1,000,000 in additional stock at par $100 a share.holders will receive one new share for every nine shares held, boosting total capital to $10,000,000. The note indicates a prior 900 per cent stock dividend increasing capital from 800,100 to 29,004.00.
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