Evening star., 1925-11-17
SOUTHERN DIARIES
TO GET NEW FIRM
Horn Ice Cream Plant of Bal
timore to Be Acquired.
Other Local Notes.
BY CHAS. =. SHAEFFER.

BY CHAS. p. SHAEFFER.
Southern Diaries, Inc. outgrowth Of
Chapin-Sacks consolidation with sey-
eral other companies last August, an
nounces completion of final plans fof
the acquisition of the Horn lee Cream
Co. of Baltimore, and affiliated com.
panies, whose plants in MARYLAND ana
Virginia do a gross business OF over
100000 a year.
The companies to be taken oye,.
comprise three modern creameries.
three ice cream plants and six
distributing stations, all of which
are described as the last word
in buildings, machinery and equiu-
ment. The reproduction cost of the
Horn plant is estimated to exceed
S2,000.000. The addition Of the Horn
companies viii increase the properties
of Southern Diaries. Inc. 10 more
than 40 creameries. ice cream plants
and distributing stations throughout
the Southeastern States
With the facilities being added in
Florida, including n new $3.50. 900 plant
at Miami, and a number of distrihut-
ing stations in that State, the system
Will embrace 80 or more plants.
The Horn Ice Cream Co is over "a
years old, the oldest in Baltimore II
ana affillated companies will increasa
Southern Diaries earnings, il is stated.
20 per cent over the earnings Dreyl-
ously estimated for 1926. Profits have
increased 40 per cent in the last i
months as compared with the previ-
Gus year.
No additional financing to cover this
latest acquisition is contemplated a.
present. Henry ". Hofferbert presi-
dent and general manager of Horn IT,.
cream Co. for many years will con
unue to direct its management
$4,000 900 Withdrawn.
approximately So. .OO0, 600 was with
drawn from the call loan market in
New York City Yesterday, the major
portion on demand from interior
banks Tor return of their surplus
FUNDS. Much of this money. it was
believed, was needed to replace Gov
ernment Withdrawals throughout the
country which were required fOg
Liberty bond interest payments For
several months the idle cash of out
side banks has been attracted to
New York by the relatively high
money rates, apparently to such an
extent that their depleted reserves
would not stand further reduction
through the usual Government calls
Eight Per Cent Dividend Paid.
Directors of the Takoma Park Ice and
Ice Cream Co, Inc. have declared a nj
paid an annual dividend Of s per cent
on the preferred stock Of the corpora
tion fully paid on October 81. cover
ing the l2-mOnth period from Novem-
Der !. 1924, and a pro-rata of S per
cent on the preferred stock beconl-
ing fully paid at any time within the
12-mOnth period.
The annual meeting of stockholders
will be held at the plant of the corpo-
ration on Saturday. November %. ~
noon.
Capital Traction Strong
a depleted list Of traders kept trans
actions at Il minimum on the Wash
ington Stock Exchange TODAY. Price
too. sympathized with the general duII.
ness and recorded no changes
Capital Traction stock was strong at
1883 and 1O314 on restricted amounr
Of selling, While five shares of Rail
way preferred retained its previous
strength at 81. Potomac Electrjc
POWER preferred was firm at 1O4 and
l04 Is. with Gas stock easy at 69H
On the investment side of the mar.
ket $1,000 Of Potomac Joint Stoc,
Land Bank bonds sold at I0lIa. and
Hallway Is firmed up fractionallv t.
1S"s. A sale OF 81 900 of Potomac
Electric general and refunding IS was
made at 1O6la
Drug store Stock Offered.
Crane, Paris & Co.. with Shields 4
co. and Merrill, Lynch & Co. are Of
fering today new stock issue Of 81
oo0.0oO of Peoples Drug Stores. Inc.
per cent cumulative preferred stock.
priced TO WELD T.44 per cent.
FROM an obscure business of So. .00u
annually in 1905 when it was founded
here with an investment of $4,000. ii
has developed into a formidable chain
of IS stores operating at an annual
business Of more than $1,000 600
Banker Back at Desk.
Thomas p. Hickman. vice president
of the Franklin National Bank. i
again at his desk after a survey OF
the real estate situation in Florida.
How Dye Like the Cityo"
Fernand Petit, portly and popular
generalissimo of the Citizens Savings
Bank. is today an ardent believer in
the water wagon
The estimable cashier last night
while threading his way afoot down
town, nonchalantly stepped aside IN
Difference to what appeared TO he a
large truck, which actually resolved
itself into a street sprinkler with every
faucet turned on full blast
'Tis said the air was blue as MI
Petit surveyed his wateriogSed eX-
tremities.
New Daily Freight Record.
The average daily movement al
freight cars by the steam railroads of
this country in September this year
was the highest for any September on
record, according to reports filed hy
the carriers with the Bureau of Rail
way Economics and made public to.
day.
This daily average movement in
September was 30.7 miles per day.
which average has only been equaled
twice in previous years, once in Octo-
ber, 1928. and again in October. 1924
Compared with the same month last