davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-06-30
NEW FINANCING LIKELY.
Baltimore Phone Company May
Pay Off Indebtedness.
,ecisl Dispatch to Tho Star

Special Dispatch to Tho Star.
BALTIMORE, June 3o.-That the
Chesa peake and Potomac Telehonc
Co., which owes the parent company
the American Telephone and Tele
graph Co.. s4,275, ,999 for advances in
connection with construction work
may seek to wipe out the indebted
ness by issuing security bonds Is the
belief in the financial district here.
Whether the issue would be in com
mon or preferred stock is not known.
If common stock, the stock would not
be offered to the public, but would
be taken by the parent company.
which owns all the common shares OF
the local company now outstanding
Should preferred stock be issued. il is
thought that the dividend rate would
be per cent and that the shares
would be offered to the public, as
was done when the $4,000. 900 per
cent preferred was floated in April
1922
Evening star., 1925-06-30
SALE OF MARYLAND
COMPANY APPROVED
Stockholders of Southern Power
and Light Favorable to Prop
erty Transfer.
By the Associated Press.

NEW YORK. June 30.-Stockhold-
ers of Southern Power and Light Co
of Maryland have approved the pro-
posed sale of all, or virtually all. of
it's properties and assets to the Elec-
trio Power and Light Corporation in
consideration of 96.1Sl shares of pre-
ferred and 10000 shares of common
stock of Electric Power and Light.
Stockholders of Electric Power and
Light also approved an increase in
the authorized capital stock to 1920
900 shares of no par value divided
into SOC. 900 first preferred. 120, 900 sec
ond preferred, series A, 100000 seec-
ond preferred, series AA, and 3.0O0,-
900 shares of common. Ten new di-
rectors were elected.
Evening star., 1925-06-30
INTEREST SHOWN
IN ST. PAUL BONDS
Other Rails Also Draw More
Attention-French Issues
Turn Stronger.
special Dispatch to The Star.

special Dispatch to The Star.
NEW YORK, June 30.-For the
first time in weeks junior railway
bonds attracted both speculative and
investment interest in tOday's market.
All the ST. Paul issues were In de-
mand, not only the bonds secured un-
der the refunding mortgage and now
In default, but the general mortgage
issues, the As and the Avs. The buy
ing was based first on expectations
Of rate increase for the Northwest.
ern roads sufficient to put the st.
Paul back on a profitable basis, and
second on confidence that the re-
orga pization tangle would be straight
ened out.
Some Weak Spots Noted.
Weakness cropped out in other
quarters, notably Chicago and Alton
3las, which at 40 were down a point
from Mondays close. Based on the
six months ending May 81 the Alton
would earn only little over 90 per
cent of fixed charges this year.
In the high grade group Government
bonds were all strong. Cash sales of
the Treasury As were made within a
small fraction of the record high. The
bulk of the tirst-mortgage savings
bank railroad issues were fractionaliy
improved. Instances are West Shore
As. New York Central 5s and Atchison
General 4s.
French bonds did better today, but
whether this was due to repurchasing
by speculatively minded traders or
whether there was more confidence in
the French financial position is hard
to say. The French Is sold at 90
against Mondays low of 80. the
French 7hs crossing SO and the
French SIS going above 10l. German
IS were steady. but United Kingdom
5i2s of 1887 were easier.
United States Rubber 5s were the
feature among the industrials, being
taken in large volume at higher
prices. Good gains were recorded by
the Jnterborough bonds.
Todays new offerings included
$4,000, 900 additional issue of Columbus
Electric and Power refunding 5s TO
yield $50 per cent and $3.500, 900
Southwestern Public Service 6s to
yield 6.10 per cent.
Copyright. 1o25.)
Evening star., 1925-06-30
RECEIVERSHIP NEAR END.
New York and Cuba Line in Deal
With Ward Line.

NEW YORK, June 80 GP.-Di-
rectors of the New York and Cuba
Mail Steamship Co. are expected to
apply to the Federal court this week
for removal of The receivership, indi
eating that a settlement has been
reached between the general creditors
the bondholders and the Atlantic,
Gulf and West Indies Steamship
Lines. 1t is understood about So
200 Ward line 5s have been ac-
quired by the Agwi and will be held
in it's treasury indefinitely.
The price at which the bonds were
surrendered is not known. In return,
the Agwi is expected to receive the
Ward Line free and clear. Acceler-
ated business with Cuba is said to
have produced satisfactory receipts.
Evening star., 1925-06-30
NEW REFRIGERATING
STOCK ACTIVE ON CURB

NEW YORK, June 80 %.-Initial
trading in NiZer Corporation "B"
stock. of 100000 shares no par value.
which were admitted to the market
today, was the chief feature of the
days operations on the curb exchange.
Trading started with a sale of $4,000
in one block Of shares at 1917 and
within a short time a gain of more
than a point was made. business con-
heavy. Dealings in other re-
frigerating stocks were fairly active
Evening star., 1925-06-30
new HEARING NEEDED
ON POWER PROJECT
Maryland Commission Must Re-
open Case Involving Outlay
of $52,00o,o0o.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, June 30.-Reopening
of the Conowingo Power hearings be
fore the Maryland Public Service
Commission has been necessitated by
the changed engineering plans for the
$o2, 900 project disclosed at the
hearing before the Pennsylvania Com
mission. according to Harold E. West,
chairman of the Maryland Commits
sion.
Counsel for the Philadelphia Elec-
trio Co. will file new plans with the
Maryland Commission when the Penn
sylvania hearings are completed. ac-
cording to information received by
Mr.. West. 1t is expected that the new
Maryland hearings Will be held dur
ing August.
Evening star., 1925-06-30
Markets at a Glance

NEW 1ORk.-Stocks strong; Wool
worth scars 5 points to record top.
Bonds irregular; rail and oil issues re-
cover. Foreign exchanges mixed;
Danish and Norwegian kroner at
new highs. Cotton barely steady; com
mission house selling. Sugar feature
less. Coffee lower; easier Brazilian
market.
CHICAGO.-Wheat firm; expectation
bullish private crop reports. Corn
higher; decreasing supplies. Cattle
lower; demand poor. Hogs steady and
higher.
Evening star., 1925-06-30
MARKET CLOSES STRONG.

NEW YORK, June 80 P.-Re-
moval of uncertainty regarding the ex-
tent of the California earthquake
damage and the growing conviction
that high call money rates were only
temporary paved the way for another
sharp advance in prices in today's
stock market. Revival of pool
activity, particularly in the motor,
rubber, food and public utility shares,
featured the days trading. Total
sales appoximated 1.250.000 shares
The closing was strong. An active
demand for the steel shares, which
advanced l to points, featured the
later trading. S. S. Kresge scared
30 points to 420.
Evening star., 1925-06-30
R|CESG0H HIGHER
INGRAM MARKET
Wheat, Corn and Oats Make
Advance-More Black
Rust Rumors.
By the Associated Press.


CHICAGO, June 30.-Whcat scored
decided upturns in price today during
the early dealings. To a considerable
extent. buyers appeared to be acting
on an opinion that rallies were to be
looked for after recent severe de-
clines Indications of warmer weather
Northwest, likely to renew fears of
damage from black rust, tended also
to lift values. The opening was un-
changed to higher-July 1.45A and
September i.421a to 1.44-and was fol
lowed by rise to 1.46 for July and
1.44A for September.
Corn and oats sympathized with
wheat strength. Opening unchanged
to e higher-July a8A to 9914 and
September 1.002s to 1.O1A-corn ad-
vanced to 1.00A for July and 1.o2A
for September.
Oats started at u off to u up
September Asa to 45as-and later
continued firm.
Provisions were responsive to the
upward tendency of hog values and Of
grain
Evening star., 1925-06-30
TWO CONCERNS DIVIDE
$4,000 TIRE ORDER

Special Dispatch to The Star.
KANSAS CITY, June S0.-The in
itial purchase of tires for the new
six-wheel busses which will be oper-
ated by the Kansas City Railways
Co. calls for expenditure of $4,000.
The order was placed with the Gen
eral Tire Co. and the Goodyear co.
Evening star., 1925-06-30
RAW SILK BIT LOWER.

NEW YORK, June 80 (SpeciaD -
Cotton goods were quiet but firm in
the Worth Street Market today, re-
hecting bullish private estimates of
the 1925 cotton crop. Quotations for
64x60's were 91a and for 6Sx72's 1875
Raw silk was fairly steady, but some
grades lost S cents pound in price.
Evening star., 1925-06-30
REGULAR DiUide7,d
Only Is Declared
On An,ericu7, Ca1,
BY the Associated Press.

NEW YORK, June 30-Directors
Of the American Can Co. today de-
clared the regular quarterly dividend
Of $1.25 a share on the common stock
thereby disposing of reports that the
shares would be split up at this time.
The rumor, which gained circulation
last week, ran the price of the COM
mon stock up to a record high level
at 200. but in anticipation of only
the regular disbursements 1t reacted
to 1913 at the close of yesterday s
market.
Evening star., 1925-06-30
SHARP ADVANCES
IN STOCK MARKET
Earthquakes and Money
Rates Cause Less Worry.
u. S. Steel Taken Up.
BY STUART =. WEST.
Special Dispatch to The Star.

special nlSpatch 10 Inc star.
NEW YORK. June 30.-The be
haylor of the stock market today was
pleasing to those interested in higher
prices. They interpreted its reboun,
following the sharp decline of Monda!
afternoon as further proof of strength
The way in which stocks rallied made
il appear that the selling of the pre-
viouS day had been largely profeS
Sional and that traders on the short
side were covering when they saw
that the effect of the California earth
quake and the rise in call loans was
bringing out no important liquidation
Rubbers and Tires Strong.
Rubber and tire shares were again
among the leaders, endeavorinS (,
measure the effect upon earnings OF
the latest advance in tire prices
United States Rubber above 54 was VI
nearly . points from the low of Mon
day afternoon. Fisk on large trans
actions sold well above 20, and Lee
Rubber made "a new high.
The tobacco stocks were very strong,
with the inspiration for the buying
( coming from interests which usually
: make the big moves in these stocks.
= United Cigar Stores made a new high,
1eN a rise of over 3 points. and To
Z bacco Products, selling eX-dividend.
: was up similarly.
American Can Irregular.
American Can, in response to the
action of the directors in declaring
= only the regular dividend, sold down
TO 1872, as against Saturdays 200.
: But advantage was evidently being
taken by people who had realized in
advance what was going to happen
to buy back stock previously sold.
and the price rallied sharply in the
later trading.
The st. PaulS We're actively bought,
but for no reason except the hope
p that the Interstate Commerce Com
mission would grant an increase in
rates in the Northwest and that this
would facilitate the reorganization
The buying, therefore. was to be set
down as highly speculative.
: Several Extra Strong Spots.
New high records We're made in
International Shore, Foundation Co,
Newport News and Hampton pre-
ferred, which was up 6 points. and
International Agricultural Chemical.
Main order shares-Sears-Roe
and Montgomery Ward-stood out pre-
eminently. Among the motors Stude-
baker at one time was up d point and
Packard a point and half. while
iSiNC <NiIo" rose - =.
" h1te Motor gained a point.
There was brief squirt in the rail
way equipment shares in the course
or, which American Car and Foundry
BALDWIN Locomotive and Pullman
rose one-half to over points.
Leather Stocks Up.
Leather stocks came in for increas-
ing attention. Central Leather pre-
ferred was up over 3 points. and the
common a point, while American Hide
and Leather preferred jumped .
points, and so did Barnett Leather
1t was assumed that the reports of
these companies for the second quar-
ter would be encouraging.
National Biscuit, selling ex-dividend,
ran up more than 3 points, and Loose
Wiles went along. Independent Oil
and Gas was a feature of the oils As
sociated Oil was also noticeably strong.
The baking stocks were in demand, es-
pecially Ward.
Evening star., 1925-06-30
NEW YORK DAIRY PRICES.

NEW YORK, June 30.-Butter un-
settled: receipts. 23,42O tubs. Cream
cry, higher than extras. 4114 a42: do.
extras (92 score), 4034 AL; do, firsts
(SS to 81 score), 3912a4012.
Eggs irregular; receipts. 60.72S
cases. Pacific coast whites. extra
firsts, 421aa44
Evening star., 1925-06-30
TODAY'S MONEY RATES,

NEW YORK, June 80 R.-Call
money strong; high, 5h: low, 5; ruling
rate, 3; closing bid, 53a; offered at So
last loan, 5: call loans against ac-
ceptances, q: time loans firmer: mixed
collateral, 60-90 days. 3&a4; 4-6
months, 37sa4; prime commercial
paper, 81.
Evening star., 1925-06-30
DRY GOODS TRADE BOOMS.

CHICAGO, June 80 (SpeciaD.
Wholesale distribution Of dry good
increased greatly during the last week
exceeding the previous weeks volume
and also that of the same week a year
ago. Road sales picked up and col
lections were improved.
Evening star., 1925-06-30
LEAD PRICES REDUCED.

NEW YORK, June 80 R.-The
American Smelling and Refining Co.
today reduced the price Of lead from
$40 to 500 cents per pound.
Evening star., 1925-06-30
FOREIGN EXCHANGE.
Quotations furnished by W. B. Hihbs Coz
Nominal Selling checks

NEW YORK. June 80 CP.-For-
cign exchanges irregular. Quotations
lin cents): Great Britain, demand,
1850 cables, 1861; 6O-day bills on
banks. 4S15s. France, demand, 4.511A !;
cables. 4.52. Italy, demand, 3.511a
cables, 3.52. Demand: Belgium,
i.471a; Germany, $3.50; Holland,
1902; Norway. 1889; Sweden, 26.S3:
Denmark, 20.18: Switzerland, 1912;
Spain, 1853; Greece. 1.681s; Poland.
1914: Czechoslovakia, 2.96: Jugo-
slavia 1.751a: Austria. .00141: Ru-
mania, 467s: Argentina, 40.37: Brazil.
1898: Toxic. 40Ts; Shanghai, 1919;
Aontreal. 100 l6i.
Evening star., 1925-06-30
FLOUR LOWER TODAY.

MINNEAPOLIS, June 80 R.-
Flour. 30 to 35 lower at $50 a barrel;
shipments, 5T,055 barrels.
Evening star., 1925-06-30

fPartiy extra. Payable in preferred stock.
Dividend rates as given in the above table
are the annual cash payments based on the
latest quarterly or haIf-yearly declsratioas.
Unless otherwise noted, extra sr spscial
dividends are not incladsA.
Evening star., 1925-06-30
Walker Made Director.

Eastman, Dillon & Co. of 100
Broadway, members of the New York
Stock Exchange, will open a local
office tomorrow morning in suite
'226-27 Transportation Building. it
was announced today.
Leon Shore. former local repre-
sentative of Dillon. Read & Co. will
be in charge of the new branch.
having as his associates C. Griscom
Randle, Arthur Foraker, T. L. Lee
and Jasper DuBose.
Daily Kennebec journal., 1925-08-06
PI'rTSTON

EAST-Services will be conducted
Sunday, Aug. 9. at 2.30 P. NJ. at the
Methodist church in this village Dr.
Fl. B. Haskell of the Highland Avenue
Methodist church of Gardiner will be
the speaker and the Rumford Quartet
of Rumford Falls will furnish music
A lawn party was given under the
auspices of the Ladies' Aid Society on
Tuesday evening, July IS, at the home
of Mr.. and Mrs. Peter Goss, which
was very enjoyable occasion. Ice
cream, cake and candy were sold. The
proceeds of the evening were s24.
Much credit is given the Misses Jor-
den of New York for the success of
the affair.
Mr. and Mrs. Burnie Plummer and
Mr.. and Mrs. Albert Cook of Weld
with Mrs. Myra Reid of this place,
passed the weekend at the home of
Mr.. and Mrs. Joseph Jones of Sheep
scott.
Mr.. and Mrs. Edward A. Hanly,
Miss Annie Hanly and Frederick
Hanly of this village, Mrs. M. f.
Wheeler, Mr.. and Mrs. Austin
Wheeler and Harry Wheeler of Gar
diner motored Sunday to Thomas
ton and Rockland.
Mrs. w. J. McDermott of Boston IS
guest at The Wilscot for few
weeks.
Miss Evelyn Seekins of Richmond is
the guest of her grandparents, Mr.. and
Mrs. w. E. Seekins.
Miss Lucy King, who Is attending
summer school at Pennington, passed
the weekend with her parents. Mr..
and Mrs. o. E. King.
Mrs. o. w. Nash passed a few days
last week at the home of her daugh-
ter. Mrs. Edward Goud, of Dresden
Mills.
Mr.. and Mrs. Chester Ford Of Bos-
ton passed the weekend at the sum-
mer home of Mr.. and Mrs. H. p. Ford
at Whitefield, Miss Clara Ford return
ing to Boston with them for a two
weeks visit
Mr.. and Mrs. Clifford Seekins and
FAMILY OF Richmond and Mr. and Mrs.
Charles Skeehan and family of White
held were Sunday visitors at the home
or Mr.. and Mrs. w. E. Seekins.
Daily Kennebec journal., 1925-08-06
MOODY MOUNTAIN

Wild cats are doing much damage
here, they have killed many hens and
chickens. They have been seen a
few times and seem to be two old
ones and on one occasion two young
ones were also seen.
Mrs. Freeman Wooster Is away at
tending summer school.
Bert E. Cunningham and family
passed Sunday with friends in Knox.
Mrs. Charles Luce, who has been
sick with ptomaine poison caused by
eating ice cream, is now able to do
her work again.
Wilbur Sweetland Is sick with
pneumonia and as his general health
mas not been Of the best, 1t is feared
for him.
ALI and Orren Tibbetts have
bought the hay on the Charles Cum
ningham place.
DR.. Vickery has a telephone in
stalled at his fine summer cottage by
the lake.
B. E. Cunningham, who has been
haying for Charles Luce and his son,
in Belmont, Is now peeling bark for
Bert Drummond
Mrs. Cunningham, who has been
sick in bed for 10 weeks is fast fall
ing, she lives with her son, Charles.
Mrs. Bert E. Cunningham is caring
for her.
In this town and vicinity there is
hardly anyone done haying owing to
weather conditions and there are
many vacated farms that will not be
cut this season for the cost Of cut
ting. pressing and transporting to
market far exceeds the returns at
present prices.
Rev.. Mr.. Murch, Methodist
District superintendent, will hold a.
meeting at the church, Searsmont,
Sunday, Aug. 8, at 1918 A. M. All are
cordially invited to attend this SER
vice. 1t will also be children's night
at the church.
Oscar Googins is to install a radio
at his home soon.
Daily Kennebec journal., 1925-08-06

Jay, were Sunday guests Of Mr.. and
Mrs. ]. NJ. Waning.
Mr.. and Mrs. Percy Jones and Mr..
and Mrs. Wallace Jones Of Augusta,
were Sunday guests Of D. 8. Jones
Mr.. ana Mrs. H. NJ. Dilleshay and
two rhildren Of Pittsfield, and Mr..
and Mrs. Charles Waning, were Sun
day guests of M. B. Waning and fam
lily.
Miss Edith Foster and Miss Ber-
nice Foster are guests for few days
of their aunt, Mrs. Harvey Shibles, OF
Knox.
Mr.. and Mrs. William Grant and
children and Ashton Plummer OF
Gorham, were callers Sunday of John
Waning and family.
Mr.. and Mrs. Walter Gerald and
daughter, Glenice, were recent WIS.,
itors in Waterville.
Mr.. and Mrs. Wallace Jones Of Au-
gusta were callers Sunday of L. P
Foster and family.
Miss Charlotte Murray went Tues
day to Arlington, Mass, for an ex-
tended visit with relatives.
The milk inspectors were in this
vicinity Monday.
Daily Kennebec journal., 1925-08-06

to their home in Lynn, Mass. last
week. Mrs. Mabel Baroni also from
Lynn, is remaining for longer visit
Mr.. and Mrs. George Harmon are
the guests of his father, Pearl Har-
mon, having made the trip from
their home in Michigan in their car.
An interesting event in the church
work here was the speaking from the
pulpit by three of our own young
men, Harvey Mitchell. Laurence Bag
ley and Kenton Bagley. Their sub
ject was Preparedness" and it. was
presented by all three in a very
earnest practical way.
Mrs. Seavey Piper was surprised
by party of her relatives on Tues
day of last week. They were her
mother, Mrs. Kerch Of Milford, n. H.,
brother, Harold from the same place.
sister, Helen Kerch Of Belfast;
sister Flavilla Woods of Belfast:
cousins. Mr. and Mrs. Scott Chandler
and Mrs. Chambers niece, Miss Hun
niston of Windsor, n. Y.
A party from Troy attended the re-
ception given by Rev. and Mrs. Davis
at the parsonage in Unity, Friday
evening.
Daily Kennebec journal., 1925-08-06
COMING EVENTS

| Aug. S-Maine Livestock Breeders
| Association holds annual meeting
and field day at Jefferson Farms,
| Jefferson.
Aug. S-New England handful mus
/ ter at Brockton. Mass.
/ Association, Lakewood, Skowhegan
Aug. 10-Kennebec Pomona Grange
holds annual field meeting, at High.
| moor Farm, Monmouth. @
Aug. 12-Third Maine Regimental As
Sociation will hold 5lst annual re.
union, Grand Army hall. Augusta
August 12th-50th annual convention
OF 10th Maine Regimental Associa'
ton, Augusta. Maine. US
Aug 12-Descendants of Ebenezer
, Hall of Rockland hold reunion ,at
Penobscot View Grange hall. Glen
Cove.
| Aug. 12-Bar Harbor Yacht Club OBJ
serves Regatta day. go
Aug. 11-13-Association OF Missloa
Superintendents of Eastern Canads
and New England. Old Orchard
Aug. 14-15-Joint Congressional com
mittee hearing on working OF new
postal rates, Augusta.
Aug. 15-Maine State Hand Engine
League holds muster at Bootnoas'
Harbor. -
Aug. 15-Maine Livestock Breeders
Association holds special meeting
at farm of Ralph Cripps in Camoen.
AVE l5sGslst .n5 Infantry Hsyado1artsrs Is
Company, and First Battalion Of
152nd Artillery, Camp Keyes .,.
Aug. LEOPOLD Home Week at ki''
terry.
Aug 17-2s-Annual school Of Methods
n. E. Baptist Conference ocean
Aug. iS-Bangor Historical societys
midsummer field day at DixmonL
| Aug. 19-Pierce Family reunion, Cusn-
noe Grange hall. Riverside. -.
Aug. 20-The Worthley reunion, Syn'-
munity House, Branch Mills' f
lermo -
Aug. 2O-Hewitt family reunion AZ
Aug. 25-26-Maine Undertakers A. a..
sociation holds annual meetlns' A
Aug. 25-27-Summer field meetings a. a.
Maine Pathological Society -, ~
Greene. Winterport and East n"'
den. n
Aug. 25-Unveiling and dedication ,rs %
memorial tablet to Names Iamors ,nory
humorist. Bill" Nye. az r.ro.
church yard. Fletcher. North 1a''
Aug. 25-sept. Younger Girls. eadap CAM
Conference, Maine state .,;s,ous 5IrCr
School Association for ReHs'ous
Education, at Ferry Beacn.
Aug. 29-Louis John Taber OF anss. Co'uss.
bus, O., master of National GIamtv Gnrtv
will address Cumberland CouAs
Pomona at Stroudwater.
Aug. 29-Sept. 12-Methodist Mini.'' .inr
School of Religious Education'
M. c. A. Camp. Winthrop maine,
Sept. 10 Department OF - old
American Legion convention a.
Orchard. pock.,
Sept. Labor Day Celebration, nm In.
land, Community and Scnooi
provement Association. .rfaI
Sept. 9-Fifteenth Maine Eesswick
Association meeting at
and New Meadows Inn. =. n.oue
Sept. 14-Referendum vote ot .rsfld.
Of State on Kennebec Brioge. am 400
ment and bond issue. tne so,vu ,. and
bond issue for State highways nnoWer
bridges, and the Quoddy Bay ~
development project. s..+,ns.up
Sept. iS-2O-Students' FAN SELL Win.
Conference. Y. NJ. c. A. camp
throp. rom.
Sept. 21-Maine Federation OF pmolsnd md
ems Clubs will be hostess at Con.
Spring House for New Ensia"0
ference of Women's Clubs. .,s,.
Sept. 21-Employeo officers; s;,,r,Srop.
ence. Y. NJ. C. A Camp. State Of
Sept. 22-Dedication Of new States
Maine Building at Eastern
Exposition. Springfield. Mass