davidaulloa/AmericanStories huggingface dataset:
Rassvet = Dawn., 1925-06-29
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49, oo1roD n unaE M
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
|B|G REFRIGERATOR
FIRMS TO UNITE
KeIvinator, Nicer and Grand
Rapids Concern Garry Out
$4,000, 900 Deal.
BY the Associated Press.

NEW YORK, December l6.-Plans
for the $4,000 900 merger of electrical
refrigeration companies, through the
orga nization of the Electrical Re
frigeratton Co, which will take over
the Kelvinator and Nicer Corpora
tons and the Grand Rapid Ridge Re
frigerating Co, were announced by
bankers here last night.
1t is understood that Kelvinator and
Nicer will exchange share for share
into the stock of the corporation,
while the Grand Rapids company will
be taken over for a cash considera =
ton Of approximately S6,o0o,o0o. part
of which will be raised by the sale
Of debentures, and the balance will
be financed out of cash in the treas
ury OF the new combine.
When completed, the new corpora =
ton. the bankers said, would com
prise the largest Independent manu-
facturers of domestic and commercial
electrical refrigerators in the coun-
try. 1t Is expected that trading in
the stock Of the new corporation will
be inaugurated on the New York
Curb Market within a week or two.
The detailed capitalization of the
new corporation will be announced
later, but no public offering Of stock
Is contemplated. kelvinator and
Nicer stockholders already have
agreed upon the merger OF those two
corporations. and the Grand Rapids
company was taken over to give them
control of the company manufacture
ing the cabinets in which the cleo
tricai refrigeration units are installed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
WILD FLUCTUATIONS
IN WHEAT MARKET
Crop Report From Argentina
Cause of Heavy Selling and
Chicago Pit.

CHICAGO. December Is. - Wheat
underwent a sharp setback in prices
today a result of general selling on.
account of the bearish character of
the complete official crop report from
Argentina. This report, received over
night, was greatly at variance with.
assumptions due to Government fig
ures yesterday from only two Argen.
tine provinces. The new report. how
ever. was viewed slleptically by nu-
merous traders, and there was active
buying on the decline. Opening prices
e to cents lower, new style, De
cember 1.69 to 10 and May 1.65 to
1.66. were followed by a moderate
rally. but then by fresh downturns.
with December touching 1.6S12 and
May 1.645s.
Corn and oats receded with wheat
After opening Z to l down, May
S3a4 to 81. the corn market continued
to sag.
Oats started Aaas to asal2 off, MAY
40, and later showed a little further
| drop.
Provisions were firmer, sympathiz
ing with an upturn in hog values.
Subsequently the market scored q
rapid advance and the final figures
were at about the days top level.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
FOREIGN EXCHANGE.

Quotations furnished b; ". Is. IIibbs Co..
Nominal Selling checks
gold value. today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
WOULD INCREASE STOCK.
Automat Lunchroom Owners Call
Special Meeting.

NEW YORK, December 16 P).-
Horn & Hardart Co, owners of a
chain of automat lunchrooms, has
called a special stockholders meeting
for January 10 vote on a proposal
for changing the present authorized
1000 shares of 500 par 6 per cent
preferred to 100000 shares Of 500 par
7 per cent preferred. If approved,
directors have authorized Offering Of
$4,000 shares of new preferred at par
TO all stockholders. each share carry
ing right to purchase one share OF
common at $50 until March I, 1917.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
PRICES IRREGULAR
IN FINAL TRADING
Heavy Selling in Motors in
Last Hour-RaiIS Near
Top at Finish.
By STUART p. WEST.

Special Dispatch to The Star.
NEW YORK, December l6.-The
market closed today with active buy
ing in the rails around top figures 81
the same time that heavy selling was
going on in the favoriteS, like the
motors. of the early Autumn cam
paign. There was definite check In
the selling of francs and French
bonds Wheat recovered after an
early spell of weakness, but cotton
was lower.
Days New High Marks.
There were new high records III
Atchison which was actively bought.
, crossing 131 on talk OF increase divl'
dendS, either in cash or in STOCK. b.
e. o. got above "a for the first time
and Chesapeake and Ohio shares
reached new top figures. as did Nor
northwestern carriers was energeu-
caIly bought-Great Northern prefer
red, Chicago Northwestern and North
orn Pacific. Pennsylvania. Southern
Railway and Erie were also selling at
TOD prices. SO we're Western Pacinc,
Rock Island, Kansas City southern
and New Haven. There were no ne"
reasons TO account for the rise IN the
stocks beyond what has been known
ings. prospects of dividend increases
and anticipated mergers. 1t was evl-
dent that speculative profits from the
big motor trading Of september ana
October were being put into the rails.
Motor Shares Decline.
stocks like Hudson, General Motors.
Chrvsler and General Electric were
going down as the rails went up. Inc
steel shares did very little and the
same was true of the coppers ana
sugars.
The high estimates on the new
Cuban sugar crop, WINE laLseiy uia.
counted in the low prices for these
shares, were sufficient to prevent any
recovery.
New high prices for the year were
reached in Eureka Vacuum under
buying which was ascribed to Detrolt.
Also there were new highs in Weber
& Heilbroner, Montgomery Ward,
american Ice. CreX Carpet, Sneii
Transport. May Department stores
F'leischmann, American Bank Note
old stock; the fire insurance shares
and New York Gamers.
Steel Stocks Slow.
The steel stocks were held back in
the market of the day by the state
ments in the midweek reviews that
the price situation had not improved.
The Iron Age reported composite
prices as unchanged from week ago.
The railroad demand increased sum
GENTLY to offset reduced buying in
other quarters, but there was no In
dication, as there was two years ago.
of BUYERS being frightened over the
possibility of diminished supplies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
INTEREST CENTERS
IN RAILROAD LIENS
Bond Market Helped by Ac.
ton in StockS-PariS
Issues Rally.
BY GEORGE T. HUGHES.

Special Dispatch to The Star.
NEW YORK, December 16.-The
bond market today showed marked I'm.
provement incident to greater &C
tivity.
The grade of security in most de.
mand was the middle and second
grade rails, such as Kansas City
Southern 5s. which had a sharp run
up above SO to a new high. Other
bonds of similar status. such as
Wabash 51as, New York. Chicago
and St. Louis 5ias. New Orleans
Texas and Mexico 51as and Southern
Railway general As. were all firm
around their best prices.
Northern Pacific 3s and prior lier
As were both actively bought and
fractional gains were established by
Southern Pacific refund As and Ore
gon. Washington Railroad and Navi
CATION As. United States Government
bonds were inclined to sag.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
Washington Stock EXCHANGE
SALES

Capital Traction $500 at 80
= ashlngton Gas 6s l933-Sl00 at 1ol 3. .
- Washington Rwy. Elee 4s-s1 900 at
Capitol Traetion-l0 at lO2, 80 at loo
Potomac Elec. Pow. pfd--5 at lO4 5,
potomac Elec. pow. Dfd. int cit at
q Warrington Rwy. Elec pfd.-1 at 80.
Mergenthaier Linotype-3O at 1927.
National Mtge. Inv. ptd.-50 at s.
AFTER CALL.
Capital Traction $500 at %
Warrington Gas $3.50 at SO S. 900
MERCHANTS Transfer and Storase-1o at
. Chssape axe and Potomac of Va. 5-
Washington Rwy. Elec pfd-3 at 30.
capital Traction Co.-10 At l02.
aoney-Can loans, and per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
CLOSE Is IRREGULAR.
Heavy Selling in Industrial Shares
Turns Market.

NEW YORK, December 16 P).-
The closing was irregular. Persistent
selling of influential Industrial shares
eventually led to profit taking in the
railroad group after a number of ad-
1itional new high records had been
marked up. Aggressive bidding for
Rock. Island continued, carrying the
stock up to a new high peak at 561a.
+. s. Cast Iron Pipe fell back I
points and Chrysler 6i2. Sales APP
proximated 100000 shares.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
$500. 900 Transferred to Surplus.
Joins Local Brokers.

James Hanson Lemon, formerly
affiliated with the New York Office %
Spencer, Trask & Co, has joined the
local selling force of Irving & John
son, Washington representatives a
the firm
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
Markets at a Glance

NEW YORK @.-Stocks irregular;
owe: 90 rail shares at new highs.
Bonds firm: railroad issues lead ad-
vance. Foreign exchanges steady;
French francs recover. Cotton lower;
spot houses selling. Sugar barely
steady; commission house selling. COT
Zee easier; lower Brazilian market.
CHICAGO.-Wheat firm, despite
bearish official Argentine estimate.
corn barely steady: good weather.
Cattle steady. Hogs higher: good de-
mapd for medium weights.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
CALL MONEY EASIER,

NEW YORK, December Is P).--
Call money easier: high 5, low 412;
ruling rate .. closing bid Az, offered at
4a4. last loan AZ, call loans against
acceptances AZ. time loans steady,
mixed collateral, 5000 days, 47sa5; 4-6
months, 47sa5; prime mercantile pa
per Az.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
NEW YORK December 16 LRl

NEW YORK, December 16 R).-
Foreign exchanges steady. Quota
lions On centsl: Great Britain, dema nd
4s4as: cables. 1856; 60-day bills on banks,
4sOL. France. demand, 3.67; cables,
ss7lb. Italy. demand, 4.034; cables.
s.03s. Demand: Blgium, 4.53; Ger
MANY. $3.50; Holland. 40.12; Norway.
gO.2s: Sweden. 26.76: Denmark, 24.S6;
Switzerla nd, 1880; Spain. 14.1S: Greece,
12s: Poland. 1925: Czechoslovakia,
2.96: Jugoslavia. 1.77l4; Austria, IA;
Rumania, 46a; Argentina, 4l.45; Bra
iii, 1880; Toxic, 43A; Shanghai, 77h;
Montreal, So 31-32.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
TODAY'S METAL MARKET.

NEW YORK, December 16.-Cop-
per steady Electrolyptic spot and fu-
lures, 14a14ls. Tin firm. Spot and near
by, 61.5O: futures, 60.S7. Iron steady;
prices unchanged. Lead steady; spot,
925. Zinc steady; East ST. Louis spot,
S.70a775: futures, S.45a8.55. Anthony
SPOT. goo
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
LIVE POULTRY STEADY.

CHICAGO. December 16 CP).-Poul.
try, alive, steady; receipts, cars:
fowls, 18a24; Springs, 25: turkeys, So;
ROSTERS, 1S; ducks, 22a25: geese. 17a1S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
BOND ISSUE IS SOLD.

NEW YORK, December 16 P).-
The National City Co. announces that
it mas sold a SEA, 900, 900 issue Of City
Of Philadelphia Az per cent bonds.
The Chilkoot post., 1925-02-06
SPORTS

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The Chilkoot post., 1925-02-06

RE VI SE IA2I4I5 UF IN JG5 LbE I n Go Nasons meet st. end 3rd. Thursdays o f cacl Moose maett 2nd. and 4th. Tue sdays of each m' Red Hen meet 1st. and 3rd Tue sdays o f each