davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-01-21
UNDERTONE FIRM
IN BOND MARKET
Mexican Loans Improve.
Rails in Better Demand.
Losses Among IndustriaIs.
BY GEORGE T.. HUGHES.
pecial Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, January 21-Specula-
tive bonds were again the leaders in to-
days market One of the most prom
inent was Empire Gas and Fuel 7As,
which made a new high record above
80. Buying appeared to be based on
favorable earning statements and the
attractiveness OF the yield. American
Agricultural Chemical 7ks and Inter
national Mercantile Marine 6s also were
very strong today.
Virginia Carolina Chemical Is ran
up point and Il half. but here the in
duence was the improved outlook for
the agricultural districts and the pros
poets of a successful reorganization.
Brooklyn Manhattan Transit 6s were
the feature of the fractions around their
recent new high.
Speculative Rails Active.
Among speculative rails. st. Louis
San Francisco incomes were the leaders
up, at one time. a full point The re-
cent weakness In ST. Louis-San Fran
cisco issues was doubtless due to the
Interstate Commerce Commissions low
valuation figures. This has no effect
upon earning power, and fixed and con-
tingent charges are being covered by a
wide margin. Missouri, Kansas and
Texas adjustments and Seaboard Air
Line 6s were other strong spots.
United States Government loans
were mostly higher. There seems to
be special demand for the tax
exempt AVS. The high grade rails
were without important change.
Foreign Bonds STEADY.
Foreign bonds were steady, the
German IS being especially firm. sell
ing at 95. Investment buying went
on in United Kingdom 51as of 1881
above los. Brazil SIS were the lead
ers OF the South American group
Some further advance was made by
the Mexican bonds. Under small
sales City of Copenhagen 512s moved
ahead substantially.
Offering was made today of $500
600 Southern Pacific 5s of 1914 at a
price to yield 4.97 per cent. This is
not new financing, but represents a
block Of bonds taken over from q
corporation.
Evening star., 1925-01-21
EVERYMAN'S
INVESTMENTS
PREFERRED STOCK REDEMPTIo,
PRICE.
BY GEORGE T. HUGHES,

AAc'1 E1hAhA|D SAOth n fEDEmPTlON
PRICE.
Continuing the discussion of nre-
3erred stocks and the technical pro-
visions that affect them, prospective
buyers should look into the matter
of the redemption price. Not all pre-
ierred issues are redeemable but a
good many are. This redemption
figure is always expressed in a GER
Iificate. Generally it IS substantially
above the par value.
Now the important thing about
this fixed price at which a stock is
callable Is that the market quotation
rarely goes above that point. If, for
instance. a preferred stock Is re-
deemable at 115, It is not likely TO
cell at 100, simply because investors
do not want TO pay a price much
above that at which they might be
compelled TO surrender their holdings.
1t comes about from this that II IS
often possible to secure a higher re-
turn from preferred issue callab ble
at about the market price than IL is
from one non-Callable of equal in
VeStment merit otherwise. To H.
1ustrate, take two of the best in
dustrial preferred stocks. United
States Steel and Standard Oil OF New
Jersey. The former Is -callable
and the latter is callable at Ii5. Sc
cuTlty Is ABOUT Lne same In each case
but Steel preferred sells several
points higher than Standard Oil OF
New Jersey preferred. making the
last named give the higher return.
Another important matter relates 10
She right TO subscribe to new stock
Ordinarily that privilege is accord ed
holders of the common stock only
but sometimes the preferred shares
this right with the common. In the
same way voting power generally
resides in the common stock only
While to the average small stock
holder, voting power is of little mo-
ment. 1t does have some value and q
preferred stock which possesses II I:
more desirable than one that doe,
not.
One more observation as to these
preferred stocks. In rapidly ris.
ing speculative market, one in which
common stocks make new high
Pecords'' every day, preferred stock:
aust not be expected to do the same
Because their dividend is fixed, theil
possibilities of price appreciation ar,
limited. The fact that a preferred
stock of assured investment ratinl
does not participate in any such ad
vance is not to be held against IL
What an investor wants rs compare
tive price stability, otherwise he Il
a speculator
Copyright. 1925. by Consolidated Press.)
Evening star., 1925-01-21
COTTON QUOTATIONS
ARE BARELY STSEADY
Foreign Cables Unsettle Prices in
Local Markets-Good Ex-
port Reports.
By the Associated Press.


NEW YORK. January 2l.rRela-
lively easy Liverpool cables and un-
favorable Manchester trade advices
were followed by barely steady
opening in the cotton market today.
First prices were to IL points
lower and active months soon showed
net losses of 9 to Is points. March
selling of to 1856 and May to 1885
under liquidation and local. Liver
pool and Southern selling Offerings
were restricted, however, owing TO
the firmness of foreign exchange. with
talk of continued large exports Of
cotton, and the market was fairly
steady at the decline.
Manchester cable adyices said that
the suggestion of Increased mill cur
tailment in Lancashire was due TO
accommodating yarn stocks.
New Orleans Quotations.
NEW ORLEANS, January 21.-The
cotton market opened easier, due to
Liverpool coming in much lower than
due. First trades showed losses of
10 to II points and prices eased off
further on more favorable weather
conditions in the belt, which II was
hoped would facilitate preparations
for the next crop.
Evening star., 1925-01-21
MARKET CLOSES FIRM.
By the Associated Press.

By the AssoClated PresB.
NEW YORK, January 2l.-Stocll
prices turned upward today after an
early period of weakness, during
which bear traders tried uns 'ess-
fully to bring about general liquida-
tion by attacking the motor and tex
tile shares. Trading was again in
moderate volume, the days sales ap-
proximating 100000 shares.
The closing was firm. The mark ct
strengthened in the late trading when
active short covering took place in
American Can, General Electric and
several other popular issues. Com
mercfal Solvents A and B extended
their gains to 15 and Is points, re-
spectively.
Evening star., 1925-01-21
NEW YORK EGG PRICES.

NEW YORK, January 21.-Eggs
unsettled: receipts, 1858 cases. Fresh
gathered, extra frsts, 6la66; do,
firsts, 59a60; do, seconds, 57a58; near
by hennery, white, closely selected
extras, 68; nearby and nearby West
ern hennery whites. firsts TO average
extras, 62a67; nearby hennery browns,
extras, 66a6s; Pacific coast whites,
extras. 66; do, firsts to extra frsts.
63a654; refrigerator, firsts, 6111 a
52iz.
Evening star., 1925-01-21
WHEAT DECLINES
AFTER ADVANCING
Fails to Pass Yesterdays
Top Price Record-Corn
and Oats Also Sell Off.
By the Associated Press.


CHICAGO, January 21.-Although
wheat advanced at the outset today,
reaction set in as soon as the market
had equaled the seasons top price
record. Initial upturns were ascribed
to higher quattons at Liverpool and
to reports that Russian agents were
buying there. Selling here, however,
to realize profits took place on large
scale, and a material decline ensued.
The opening ranged from n to /
higher, with May 1.91 to 1871 and
July 1.67B to 1.6S. On the reaction
May went down to 1.S9.
Corn and oats gave way as a result
or reports that one of the largest in
dustrial consumers Of corn had re-
duced the price Of gluten meal 81 a
ton. After opening unchanged to I
lower, May 1858 to 1861, the corn
market underwent a decided general
setback.
oats started at 1s to q decline,
May 62A 10 63, and later suffered an
additional drop.
Provisions were responsive to corn
Evening star., 1925-01-21
Markets at a Glance

NEW YORK-Stocks firm; CONNER
Cial solvents issues soar. Bonds ir-
regular; Mexican issues continue rise
Foreign exchanges firm; sterling ad
vances. Cotton lower; expected bear
ish Government ginning report Sugar
easy; Cuban selling. Coffee steady;
better spot demand.
CHICAGO-Wheat lower; heavy
realizing. Corn easy: continued large
receipts. Cattle declined: liberal sup
plies. Hogs steady; packers buying.
Evening star., 1925-01-21
Washington Stock Exchange

wardman Park Hotel $500 at lo1, $500
at l0I
Washington Gas LIght-1o at 56. 10 at 56E4
10 at %
Washington Ry. and Flee com-5 ar 100.
Washington Ry. and Elec. ptd.-5 at si1s, 5
at Sii. ) at Si%.
American Security and Trust CO. at 31a17
at 312's.
AFTER CALL
Washington Gas IS. 1a33-S5Oo at lO5L
Washington Gas $500 at 99lA.
Washing Ry. and Elec. pfd.-5 at Si4.
Money-Call loans. and per cent.
Evening star., 1925-01-21
TREASURY CERTIFICATES.

touotations furnished By Redmond q Coz
Evening star., 1925-01-21
(Quoted in dollars per million ma

tPartly extra. +Payable in preferred stock.
Dividend rates given IN the above table
are the annual cash payments based on the
latest quarterly or hslf-yesrly declarations
Unless otherwise noted. extra or special
GAiyidsads are not iacludsd.
Evening star., 1925-01-21
YARN MARKET QUIET.

PHILADELPHIA, January 81 (Spe-
ciaD.-The worsted yarn market is
quiet, but prices are strictly main
tanned. The trade is waiting for the
wooden openings before arranging
for requirements. Hosiery and un-
.dsrweaF yarns are in good demand.
Evening star., 1925-01-21
MISCELLANEOUS.
STOCKS.
PUBLIC UTILITY.

PUBLIC UTILITY.
Evening star., 1925-01-21
FOREIGN EXCHANGE.
otations furnished by ". r. Bibbs 4 Co
Nnr,;pyI SeIi;,- .Lact, !.
INCREASE IN SURPLUS.

NEW YORK, January 21.-The
Public Service Corporation of New
Jersey reports an increase in sur
plus for 1924 TO $S,013,118 after taxes
and charges, compared with s6,s67, ,22S
In 1a2A
Evening star., 1925-01-21

The official roster of the Northeast
Savings Bank has been reelected for
the year by directors of the institu
t;on, as follows: L. I. Steuart. presi-
dent: c. r. Talbert, vice president; 6
f. Hoover, vice president; W. r
Lewis. cashier; 7. Is. Flynn, counsel
Sirce installation of the bank In
its new quarters, at 500 II. STREE
northeast October %. 1921. resources
have gained SI75.5J4, President
SYerart roDorted
Evening star., 1925-01-21
Visit Out-of-To,vn Hanks,

Joseph D. Yerkes and W. NJ. Garri-
son Of the Federal-American National
Bank, are on an extensive research
tour with the idea of procuring the
latest ideas on savings department
equipment which viii be used in the
new bank.
Evening star., 1925-01-21
LIVE POULTRY HIGHER.

CHICAGO, January 21.-Poultry-
Alive. higher; fowls, 16a241A; Springs,
"a; roosters, Is; ducks. 26; geese, 90.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19
Chicago Cattle Market

o.
CATTLE-Receipts 7o6e; fed steers
1925 higher: active clearance good;
kinds Of value to bring $50 upward
and heffers strong to l5c higher: 9TH
ers steady; catch as catch can trade on
plain grassy cows and heifers, ex-
treme top yearlings In load let's 11.50
paid for heifers scaling $40 pounds;
some 1213-pound steers ll.50: best
heaviest 11.35; numerous loads light
and long yearlings 11.00@n. 40; plain
rough heavy steers downward to 1000:
some 1530-pound averages 1928; bulls
steady: most bolognas 5.0015.25,
lbeefy kind 5.40@5.50; few dry fed
yearling bulls upward to 7.s0 and bet
ter; vealers closing CSC higher. pack
ers upward to 1000: mostly S.00@s.75:
outsiders upward to 1850; wider de-
mand for stockers and feeders.
HOGS-Recefpts $4,000; desirable
grades 10 to Is higher than yester-
days average; light lights ana sleugh-
ter pigs showing csc advance; common
and medium grades slow; desirable 210
to 340-pound butcher largely 1880
1905: top 1895; bulk gooo ana CHOICE
100 to 200-pound weight I2.e5@i2.s5;
majority 14o to lso-pound selections
l l,s@ ;os Shippers 1900; estimated
sHEEP-Receipts $4,000: fat lambs
generally strong; spots higher best
Idahos 1925; natives upward to 1900;
Gull natives generally 10.5001l.0o; odd
lots fat ewes 6.00665o. few upward
to 6.75; heavies mostly l.50@{75: few
decks feeding lambs on country Acs
count 1S15m1325.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19
New York Produce Market

New York, June lS.
wHEAT-Spot steady; No. dark
northern spring New York lake
and rail 1.733; No. hard winter I o b
lake and rail 1.743: No. 2 mixed durum
do. 1854; No. Manitoba do. in bond
CoRN-spot easy; No. yellow (
track New York all rail 1901: No. 2
mixed. do. 1924.
OATS-Spot easy: No. 2 white SCI.
LARD-Steady: middle west 1880
1850.
Other articles were unchanged.
BUTTER-Easy: receipts 1851;
creamery higher than extras 423 "a 40:
extras, go score, AZ; firsts, SS to- 81
score, 4o.941i. .;,,.,
EGGS-1rregular receipts 54,7l2:
nearby hennery white closely selected
extras 1874; nearby hennery browns
PoTAToEs-steady: southern per
barrel 4.00@5.25.
ABBAGES-Weaker: Virginia per
crate 2.50@3.50; New Jersey do. $50.
A decline of 1-32c occurred In the
raw sugar market today although busf-
ness was not very active. The only
sale reported was 5000 bags OF Porto
Rican for prompt shipment at 4.4S.
. Raw sugar futures were lower un-
der increased Cuban and trade selling
prompted by the decline in the spot
market. Finals prices were one TO
four points net lower. July 2.6S, sep
TENDER 283, December ESQ. March 2.93.
Continued fair inquiry was reported
in refined sugar at former price levels.
which ranged from 5.55 to $40 for f1ne
graduated.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19

temobile trip. to Berlin. N. H.. and
other parts OF the White Mountains.
The theme of the sermon at the
Methodist Episcopal church next
Sunday morning will be allow to
Wipe Away Tears" and the subject
Of the evening sermon will be Can
Any Good Thing Come Out OF Mad
ison?"
Miss Katherine welch went Thurs
day to Moosehead Lake for a few
weeks vacation with her father, Will
liam Welch.
A. E. Taylor, who has been pass
ing few days with friends in Ban
gor and Belfast, returned to Madison,
Wednesday night.
The local camp Of the Royal Neigh
bors will hold their annual picnic at
the Old Point Auto Camp. Friday aft
ernoon.
Friends Of Earl Merrill In this
place will be interested to learn that
he sailed this week on trip to
France, England and Scotland.
Euclid Lodge Of F. and A. NJ. will
attend service in body next Sunday
morning at the Congregational
church.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19

been anywhere reported led to much
evident caution on the part OF buyers,
as compared with yesterday.
"A late rally which. toook place In
wheat values was for the most part ~.
cribed to proflt taking by ppeculatofs
who previously were on the selling
side Of the market. According to
some observers, however, renewed buy.
ing just at the last was more in the
nature of reinstatement Of holdings,
for eastern interests in particular.
Some European buying for July.Au-
gust shipment was also noted, the first
business Of the kind for some time.
Disappointing returns from threshefs
of winter wheat In the southwest tend
ed further to rally the market at the
finish.
Corn and oats were depressed main.
ly by an unoffieial crop report that
corn acreage had IN increased 81
per cent. and the cv.n crop condition
was as usual. There were also Advices
OF beneficial rains and warm weather
in the central west.
Higher quotations on hogs gave q
lift to provisions.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19
Chicago Produce Market
Chicago. June 1s.--tAPl

Chicago, June 18.--(APl.
Wheat prices averaged lower today,
Influenced largely by cool, dry wealth
er likely to retard black rust. Fur
thermore, reports were conflicting as
to whether or not black rust had been
discovered in South Dakota as we'll as
in North Dakota. Closing quotations
on wheat were unsettled at the same
as yesterdays finish to &c down, July
1.55 to 1861 and September 1.523 to
1.526, with corn IL to &c off. oats at
1c to &c decline and provisions show
ing SC to 42c gain.
a notable upward tendency owing to
message from Huron, S. D.. stating
that black rust had appeared in that
part Of the country both on the stems
and leaves Of wheat. It afterwards
was asserted, though, that the report
was misleading. Then. the market UNI
derwent a sharp break and selling
ter. Meanwhile the fact that as yet
no actual damage from black rust had
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19
Boston Produce Market

Boston, June IS.
BEEF1Choice whole cattle 15l 116.
BUTTER-Extras 430 4sk: firsts III
CHEEsE-Fresh choice 2si0aa:
CORNING. Q yellow 1.s5@1.ss.
EGGS-Nearby hennery brown ex-
tras 5000: white and mixed extras
FLOUR-Spring patents. 196.lb.
sacks. special short s.s031010;
standard S.s0@9.75.
HAY--No. timothy 22024.
LAMB-Spring 27930.
+. OATS-Forty pounds 66@67.
PORK-Medium backs 31@43.
POTATOES--Green Mountains 100
Oils per 100 pounds; new southern
No. / 400@S.75 per barrel.
SUGAR-American Sugar Refinery
quotes $40 cents in 100-barrel lots
less Q per cent. for cash.
VEAL-7ml8.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19
PITTSFIELD

Mrs. Fidelia Brown, who has been
visiting her mother, Mrs. Almeda Til
ton, returned to her home in Charles
ton, Mass, Tuesday.
Ben Ilsley of Portland was . busi-
ness caller in town. Wednesday.
Mrs. Frank Clapp left Tuesday for
q visit in Portland.
C.. f. Waldron of Hartland was in
town on matters OF business tues
day.
Michael Connolly. who has been a
resident of this town for many years,
and who recently sold his home in
Raymond Park, left Tuesday for Bos-
ton where he will reside with rela-
tives.
Miss Ethel Chase was a business
caller in Waterville Tuesday.
Waverly Rebekah Lodge has been
invited to pay a fraternal visit to
Twilight Rebekah Lodge Of Hartland
on Monday, June %. A supper will be
served by the hostess lodge from
from 500 to 100 p. NJ, and In the
evening the degree will be conferred
by the visiting lodge. All local Re-
bekahs wishing to attend are asked
to notify Earl Banks by Saturday
noon in order that arrangements
may be made for conveyance OF all.
Mrs. Parker Holt Of Plymouth
brought her little daughter here for
treatment one day this week.
AS closing feature Of several
challenge games of auction bridge
played during the season, on Mon
day evening, Miss Florence Buxton
and Mrs. Thomas A. Anderson ana
Miss Sadie Greenwood and the fol-
lowing guests who were interested
spectators during the series of games,
Mrs. Mabel Hussey, Mrs. Nellie Hun
newell, Mrs. Minnie Clay. and Mrs.
Gladys Hanson left in two autome-
biles for parts unknown except to
Mrs. Anderson and Miss Buxton, who
drove to several places within
radius of Is miles and as soon as the
guests started to alight from the
cars started up again. They finally
arrived at Dora's Tea House on the
Newport Corinna road, where they
found waiting for them a specially
prepared banquet. The tables were
most attractive with dainty favors
and place cards. After the banquet
the remainder of the evening was
passed playing auction.
Mrs. May Gray will hold a recital
Grange Hall. Admission free and
everybody cordially invited. Mrs.
Gray will also hold one in the
Opera House in Hartland, Tuesday,
June 30.
Hiram w. Carr left Wednesday
noon on a business trip to Bangor
and Winterport.
Mr.. and Mrs. w. A. Blaisdell of
Palmyra were business callers in
town Thursday.
Mrs. Byron Bearce left Wednesday
for Hallowell for visit with friends.
John Parsons of Haverhill, Mass,
who has been visiting his mother, |
Mrs. Annie Parsons, returned home |
The members Of the Pittsfield Ma
sonic fraternities have accepted an |
Invitation to attend the Baptist
church on St Johns Sunday. June 81. |
Meridian Lodge. F. and A. NJ, has ex-
tended an invitation to the members :.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19
STATE OF s9AInz


Kennebec. IS: IN Equlty
Thompson Ross
Middle west investment Company
To the Honorable Justice Of the Su-
preme judicial Court:
cago, Cook County. Illinois complains
against Middle West Investment Com
FIRST: That the plaintiff Is the
President Of Middle West Investment
oV sEHcoNp: At meeting Of the
stockholders Of said corporation legal
ly called therefor and held at Au-
gusta, Maine, on the twenty-sixth day
Of May, 1925, said stockholders voted
to dissolve said corporation. a.
THIRD: There are no existing liza.
bilities against said corporation, and
no existing assets thereof requiring
distribution among the stockholders.
WHEREFORE PLAINTIFF PRAYS:
1. That said defendant corporation
may be dissolved and terminated.
2. That the plaintiff may have
such other and further relief as the
nature of the case may require.
g. And that such notice Of this bill
may be given to the defendant corpo-
ration as the Court may see fit to or
der.
THoMPsoN ROSS. President.
STATE OF
COUNTY OF
june, I. 1925.
Personally appeared Thompson
Ross and made oath that he has read
the above bill and knows the contents
thereof and that the same is true Of
his own knowledge except the mat
belief and that as to those matters,
he believes them to be. true.
(seaD A. G. LoNERGAN,
Notary Public.
STATE or MAINE
Aen sHPRE Ss JUDICIAL co 81 Equity
Thompson 1oss
Middle west investment Company
On the foregoing bill in equity pray
ing for dissolution Of Middle West In
vestment Company. 1t is
ORDERED: That a hearing be had
At the Court osnta. House Sc d in Augusta;
July, 1925, at ten o'clock "A. NJ, and
that notice of said hearing be given
by serving an attested copy Of said
bill and this order of court thereon on
said corporation thirty days at least
by publishing an attested copy Of this
order once a week for three successive
weeks In the Kennebec Journal,
newspaper published at Augusta,
Maine, the last publication to be at
least fourteen days before the date Of
said hearing.
Before me,
A. M. SPEAR,
Justice Supreme Judicial Court.
(SeaD
Attest: G. W. JONES, Clerk.
jnls-2s-5iys
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19

OF Bethlehem Chapter. o. e. s., to
accompany them to the service. The
sermon will be delivered by the pas
tor. Rev. w. M. Quarrington.
Pittsfield Grange will hold a meet
ing on Saturday night. June 90. Pal
nlyra Grange will be thir guests and
there will be a program Of readings
and music. All those not solicited
are requested to bring cakes.
Pittsfield will be on the map on
wednesday. July /. On this day the
President Of the United States and
the governors Of AZ of the states will
make a stop in Pittsfield at the
Maine Central Institute Campus.
Ptttsfield is awake to this great hon.
or and plans for one OF the biggest
days ever. During the day the third
annual Dollar day will take place,
followed by the largest and grandest
street dances ever held. All roads will
lead to Pittsield on July l..
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-19
MADISON

An important real estate deal was
completed Wednesday by which the
Great Northern Paper Company has
Island in the Kennebec river about
two and q half miles above this viii
lage. A greater part of the island was
the property of T. b. Weston and has
been in the family for several gener-
ations.
Owing to the breaking of the log
conveyor to the wood room of the
Great Northern Paper Company on
Thursday forenoon this department
was temporarily shut down. The
damage was caused by freight car
which was being backed in.
N. A. Pooler and E. A. Sessions left
town Wednesday forenoon on an au.