Evening Star Newspaper, December 16, 1925, Page 30

?'.0‘ ® FINANCIAL. - CHICKENANDFOWL | ARE AGAIN CHEAPER R(;.l_all Holiday Turkey Prices | Likely to Be 50 and 60 | Cents Per Pound. @pring chicken and fowl prives are inuing on the downward trend al her drop being reported this morn ing Prices of Spring chickens were 46 and 27, while fowls were offered a and 24 ! Furkey prices have undergone prac tically no change the past few days wud dealers say it is yel too early to e idea of prices that will for the Christmas sive a defi prevail next 1rade 3 Tt was suggesied (hat the wholesale price next week should be about 45 Cents, giving a retail market of 50 1o ¢0 cents. After all, he said. weather conditions and shipments will actually determine the price : Jrealers reported a continuance o tiie weakness in the egg market. Mear | prices remained almost stationary. Wholesale Prices ancy, 1-pound prints, 57 53a54: store packed, 40ad5. | Bggs—Local, fresh, fancy selected, | candled, 0ap2: average receipts, 5a 46 storage, 36adi. Poultry—Alive, turkeys. top. small and thin, 3 Spring chic v6a27: fowls, 23a24 Lpghor_r‘:s. Ancks, 25; geese, 20; keats, 60275 Dressed—Turkeys, top, 43ad5; small wnd thin, 35a38; Spring chickens, 28a | 0. fowls, 25 Leghorns, 23: ducks. | a0 geese, 30; keats, 80al.00. | Live stock—Calves, 14 hogs, 121a.{ \eat—Beef, 17;: lamb. : pork lums.; { week 40 fresh ham, R av's market report on fruits and | \egetables (complled by the Market | News Service Bureau of Agricultural | ) says riopnpfll::isunpues noderate; demand | moderate, market steady. Barrels— and Marviand, A 2i; inches 50a5.00: A 2% inches up. | 550. A 28 inches up, Staymans, 6.00 550, Boxes—Washington, medium to Jarge size. extra fancy Delicious, 3.50 | extra fancy Romes, ' "550; fancy Winesaps. | 300, Bushel baskets—Virginia, 1 #iaymans. A 2% inches up, 2.50a2.65. Cabbage — Supplies moderate; _de mand light, market steady: New York. ik, per ton, Danish type. 40.00a45.00 elerv—Supplies moderate; demand wioderate, market steady; ‘California. erates, 67 doz. 5.25a6.50: 5-5% doz mostly 6.00: New York, 2-3 crates, wid minge quality and condition, 2.00a3:00 Iettuce—Supplies moderate; demand moderate, market steady: California; Iceberg type, 45 dozen, a ¢ s lovida, 113-bushel hampere, Big Foston type. fair quality. 50 Onion Market Stead) Onfons—Supplies moderate: demund | moderate, market steady: Michigan and Indiana, 100-pound sacks, Yellows. 1" S. No. 1, large size. mostly 3.25 few higher: New York. 100-pound sacks. Yellows, U". §. No. 1, medium size, 2.50 Potatoes—Supplies moderate. de- mand moderate. market steady: Michi- zen. 150-pound sacks, Russet Rurals, T S. No. 1. mostly 6.25; New York 150-pound sacks. Round Whites, U S No. 1. 6.10a6.25 Spinach— Supplies mode: e | nd moderate, market steady: Vir-! zinia, Norfolk section, cloth top veneer harrels, Savov type, small size, ordi nary quality, 2.75a3.00 Caulifiow upplies moderate mand moderate, market steadv: fernia, crates, 2.00a2.25; mostly 2 Today's Tomato Prices. Jiatoes—sSupplies light: demand moderate, market steady: Cuba. wrapped. repacked. choice count crate cartons. 3.30a3.75: Ohio, hot house stock. 10-Ib. baskets. mediuri| size, 3.50; small size. trading slow, | 275 | String beans - Supplies very light demand good. market firm: Florida., seven-eighth-bu. hampers. green. fair quality, 5.50 Cucumbers, plant—Supplies reported. i Kale—Supolies moderate. demand | light, market steady: Virginia, Nor- folk section, cloth top veneer barrels | 1.50 ! ROCK ISLAND MERGER TALK AGAIN REVIVED | NEW YORK. December 16 (#).— Aerger possibilities of the Chicago, Rock Island and Pacific Railvoad are again attracting attention in Wall Teet. due to heavy accumulation of the company’'s stock for unidentified terests. Although the road is linked with the Southern Pacific in the ln- terstate Commerce ' s ten ‘ative grouping, ¢ haxles Hayden of the Rock Island discredits | reports that the recent buying has| been for Southern Pacific account.{ Similar denfals have been made by suthern Pacific officials squash light: no peppers very egr sales CHICAGO LIVE STOCK MARKET CHICAGO, December 16 (United Btates Department of Agriculture).-- Hogs—Receipts, 19,000 head; uneven, | 10 to 15 higher than Tuesday's hest | es: light light show more advance. early sales mostly to vard traders and a few shippers. bulk good and choice | 200 to 300 pound butchers. 10.75a11.00 big packers bidding up to 10.75 for ds sirable medium weight, majority 160 | tn 180 pound averages. i practical top, 11.30: bulk pound selection, 11.25a1l.7 a sows, Jargely, 8.6009.00: long st desirable killing pigs. 12.00: heavy weight hogs 10.3 .90: medium *0.70a11.05; light 0al11.30; light light, 10.80a12.00; packir . 8.35a | 9.75: slaughter pigs. 11.50a1 i t‘attle—Receipts. 13,000 head: few Joade weighty steer and qualitied | vearlings steady to strong on shipping | sccount; others slow: barvely i eary top matured steeds, 12.75: some held higher: best vearlings. 13.00: maost | far steers of gquality awd condition t sell at 8.50al she stock steady 1o strong; bulls slow. vealers, 2.50210.00 mostly shippers upward 200 Sheep -Receipts. 11.000 head: slow. ! around steady best handyweight iambs to shippers, 16.2.. others ‘o packers upward to 16.00: bulk of run | lacking quality: several decks natives 18100 Humble P L THE EVENING STAR, WASHINGTON, D. (. WEDNESDAY., DECEMBER 16, 1925. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILI NEW YORK. December cculation continued on side of the oils and other |on the curb exchange today. Oll maintained its place of prominence lin the so-called Standard group, estab {lishing a new high record on persist- | rumors that the Standard of New which owns a majority inte seeking to ac- auire the minority stock outstanding. South American ofls featured the in dependents and the volume of business | Jarsey, in the stock. wa NEW YORK, stocks wh traded Market in on today BONDS 18 Am Pow kLLIhII. ) Anaconda 6s 10280 Ass0 G & F G 941y the Sale alos in, | thousands 7 Allied 95 0B ey m 6 Froit 8 Bell T Cun fx A Can Nat Ry in Cities Servica 6y Cit Serv 7a D C P& 1 G Balt bu F Tex 88 Coe Mee Coal 8155 3 Cudahy dx 1 Cudaby 534a G 5s 491, 1107 areg 1011 By 007y 8 ) 5 Grand Truok § Gulf © Cor by 19 Inland Steel 835 Leh' Boy 0x 10140 Liy MoN &L 6. 3 Lig Win R E 7a § Long Inl Light'fs fanitoba Pow °s Mass Ga : Pa 4 BCat 4 217 Pan_ 4 s i PP & L on D 51 5Pe Ohio £ A 85 wi 13 Pare 01l Co dign. 10 5 Schulte RE 1 pd s 3 Shawsheen 7a.. . 1 g i oK, 58 al 1 So Cal Edison 3s Southeast P&L, ta 98 2 Southea P&L fs n 108 8 0 New YK @148 1061, Stutz Motor 7 13u 100 Switt & Co 5a... 863 Trumbull Steel §s 981, ? T'n Ol Prod 8s 5 Uni Ry Hav 7 Bub S25555cEx: o3 worth 5158 Valworth M fs A B Vebst Mills 6155 100 d N C 68 ¢ w100 ity Cologne- 6158 T Clty Graz 8s, Antioqua Est R R Fi C gl Hungartan' C 7ije 99 Indt M Bk Fin ¥s Kingdom Den 53,0 IK Nethl 6s 54 B 1 14 Krupp Fried 1, 78 5 Muni Medellin . Prov Santa Fe 7a 618 i4 Ru vt 61 SR 8%k e s 2 Toho EI P Ltd 7k 15 Tokio El Light 6x I Tyiol Hy EP 5158 00 Anglo Am Oil 100 Atl’ Lobos 150 Buckeye P L. 5100 Continent 01l 1 ptd new 0% Oil & R 80 40 111 S 9100 Inter Pei C Lta 100 Magnolia Pet 400 100 Penn Mex ¥uel 1300 Prairic 0 & G nw 003 0N ¥ 20 Swan & Fuch INDEPE 18 Sales Pete Synd it Serv pfd Columbia’ Syid Gibson' Oil Co. Gulf Oil of Pa 1 Kirby Pet 62 Lago Pet 88 Lago Oil A w1 85 Leonard 011 Lion 011 4 Lone Sta 9 Margay Oil Gas 10 Noble Ol & Gas T Peer O1l Corp. . Reiter-Foster Ol ) Royal Con O & R 25 Salt” Creek Prod i1 Santa Fe 0 & G I Tidal Osage O nv * Venezuelan Pet INDUSTRIAL h-Straus wi. 3 h-Stra pl wi 106 Pow 75 nf 104 | SiumCo new Amal Leather i & E1 2 Am L & Trac 13 Am L & Trac pt 13 Am Pow & L new m Pow & Lt pt 'm Rayon Prod Stpep A 14 Atlas P C riéir % Borden Co : Boe & Me' & stixi Bridgeport - Mach Bilsn R R i Car Light 1 Gelluloid_Co . Central Steel TMC& S P on vt 89 Chryaler Corp wi 4 Cleve _Auto Conw_Dairy Con Bak A Bai n Bak pf ex dv Courtlaulds, ' Ltd . } Curt_Aero Mot For R C vie Dixon Crucible 4l Durant” Mot 1Dup € & R ‘vt 5 East Roll Mill nw o B & Serv ol Cor A 0] Motors Co Finance A 5 lower: . December lowing isx an official list of honds-and | You k‘ | i AM F. HEFFERNAN. 16, is. New cosnces! 2238333 FELFELTL i) 82, 2012 Active | the buyiig | industzials Humble | ~Fol- | Moy at rising pricos was greater than at | any other thne The long-expected merger of several rominent compunies engaged in the electric refrigeration industry was definftely announced and the market ‘or the stocks involved responded im- mediately adio group. dropping to 161z, as against the previous final of 19, and other radios received little or no sup port even at prevailing low ma they were taken with little hesitancy and they went (0 a new top. Val nw 3 Safety Cahie Sherwin Wil Ci v Bl Cor A leen R v t is Pap s Tex Pr 1 18 8wt It P AT s Tampa Flec ) Thermiod Rud ¢ 6 Thomn B € vic Axle od Export ni G & E neiw i G & Imp C m It & Pow & rares Cron Shares O lity Shares pfd s L &"Tical n TS Lt & Hi ptd ie Talkc Mack are Radio Mary et ptd 8 Tilon & C n. &°C 0 pid N MINING STOCKS Globe €. 05 tuo Ext Mines ief Cons Min nt G 50 Ariz 1 nox Divide Mason Val hio Cop Plymouth Ld ‘M Premier Gold M Am Gold & P Ext i S Contl 08 | Bta | Auex Coppe: 1 Yukon Gold 194 MILLIONS OF BARRELS OF APPLES STORED Stocks 26 Per Cent Greater Than Year Ago—Reserve Holds Market Steady. By tor Associated P CHICAGO, December —Millions of barrels, millions of boxes and mil- on hand in the United State: reau of Agricultural ported today. Specifically, the report savs that the storage of apples is 26 per cent great- er than a year ag he aggregate is 4,250,000 barrels, 13,000,000 boxes |and 2,430,000 bushel baskets. This is, respectively, 15 per cent. 31 per cent { and 80 per cent more than last year. Many of the apples that once went into common storage, the repori points out, are now placed in com: | mercial pecially for long keeping. Further- | more, ‘the report adds, the large re- | serve stock is tending to hold the ap- | ple market steady. BUTTEBV PRICES LOWER. CHICAGO, December 16 (#).—But |ter—Lower: ' creamery extras. 45%: | standards, 441%: extra firsts, 44n4415- | firsts. 4115a. seconds. 40a401;. Eggs—H vecelpts, 3.1 firsts, 44a45: ordinary firsts, 36a40: refrigerator extras, 35'%: firsts, 34 the Bu- romeis gher PARIS MARKET UNSTEADY. PARIS. December 16 (#).—Prices moved frregularly on the Bourse to iree per cent Exchange on 85 centimes Five per cent lvan. 50 francs. The dollar was quoted at | 48 centimes rentes. 46 francs. London. 132 fran NEW YORK FLOUR. | NEW YORK, December 16 (4).— { Flour irregular: Spring patents and bard Winter straights, 8.6529.00: soft | Winter straights, 8.10a8.50. | _Rye firm; No. 2 Western, 1.15 f.u | New York. and 1.131; c. i. f. export. Lard firm: Middle West. 14.95a15.05 Other articles unchanged LETTUCE SHIPPED EAST. ANTIOCH, (Calif.. December® 16 (Speciall.—Heavy leituce shipments, % | averaging about 30 carloads a day, are going eastward for the | trade. Growers are receiving $3 to 25 a crate. NEW YORK DAIRY PRICES. NEW YORK. December 15 (#) — ettled: receipts, tubs; higher than ext ore), (88 1 33 udb | Eggs—Firm; receipts i fresh gathered ex |3612a8715: o ext storage, CLEVELAND, Ohio. Decembe 1 (®).—Directors of the I'reshman was a weak feature u the | 0 prices. | \Whenever offerings of Fajardo Sugar | lions of bushel baskets of apples are | re- storage houses designed es- | 27 francs | - |sumer’s sales in bulk are coming along | ‘in a most satisfactory manuner. I Christmas | provement {n all territories except the 47%a | firsts | 1 { The daily average gross crude oil pro- 50 cases; firsts 16 merican Ship- | Setbacks Follow. Rallies of} Yesterday—Poor Cables Are Reason. By the Associated Press NEW YORK. December 16. futures opened barely steady: Jan-| 18.88: March, 19.12; May, 18.88; V. 18.57; October, 18.17. The vallies | of ‘vesterday were followed by set- | backs In (he cotton market during | today's early trading. was at o decline of § points to an advance of 1 point, most menths Dbelng lower in response to relatively | easy Liverpool cables. “There was further covering and a little tride buy- ing which caused bulges of u few poinis during the first few minutes, but offerings soon increased and by the end of the first half hour prices were about $ to 13 points net lower, wi { March selling off from 19.17 t i The weekly report of the Weather Burean indicating that picking had | made good progress and was practi- 11y completed in late sections of the belt was about as expected. but may i have encouraged some of the early selling. New Orleans Quotations. NEW ORLEANS, December Cotton futures opened steady. cember, 185.96. bid; January, March 3 8.31: July October, 18, De. 15.84; 18,14 ved losses of 5 to § rallied a few points right after tne call on a rainy weather map. Thestone soon turned easier again on realizing, owing 1o the favor- able weekly weather and crop report. January traded down to 18.80, March > and May to 18.26. or § to 10 under vesterday’s close. The {market then became quiet with prices | few points above the lows. Cotton Values at Noon. NEW YORK, December 16. futures, 11:45 a.un. bids steady uary, 18.70; March, July, 18.39; October NEW ORLEANS, December Coottn futures, noon bids stead: ember, 18.81; January, 18.71 42; May. 18.16: Jul 5: October. GRAIN SEASON ENDS ON THE GREAT LAKES | Shipments Under Last Year. But Farmers Are Well Pleased With Prices. | BY J. C. ROYLE { Special Dispatch to The Sta NEW YORK. December 16. -The {last vessels of the season now are | scurrying to port on the Great Lakes, ut the shipping season still is in full swing on the rivers. The volume of treight handled ou the Great Lakes jin the season just closed was the | greatest since 1816, with the exception Cotten | Jan of 1923, i | The receipts and shipments of grain lat Duluth and Superior elevators | showed a rather heavy falling off | trom the record-breaking movement of 1924, but from August 1 to the ' closing of the Soo locks they ha\‘sI | been well up to normal. Receipts of {all grains were 57,829,049 bushels, in- cluding 2, ,448 bushels of grain in bond. That compared with 161 336,760 for the correspending period last vear. The situ shiprien: tion. despite the drop in is feit in the Northwest { to be Lighly favorable to the farmers, apart from corn and rve. High premi- ums were paid by millers for Spring | wheat and protein carrying good per- centages of protein early in the crop movement. Farmers showed a dispo- sition to hold their grain and many of them cashed in their elevator ve: -eipts_during the sharp advances of | early December. Farmers of the ' Northwest ave watching with interest and no_little apprehension the moves of the Soviet | { government to re-enter the agricul- ! tural market on a big scale. Over | 115,000 farm tractors. with plows and | other equipment and spare parts, have been ordered in 1925 by one Russian rading company. They will all be ready for 1926 Spring plowing in Rus- sia. Over 3,000 pure-bred sheep have | been bought here and shipped to Rus- | sia 1o restore the sheep and wool in-| ! dustry of that country 1 . = {RETAIL HARDWARE [ SALES VERY HEAVY | gpst-Minute Holiday Rush Boosts | Business—Good Collec- | tions Reported. | Special Dispatch to The Star NEW YORK, December | ware Age say: | “Demand for holiday hardware took | |another spurt last week, suggesting 16. ~Hard- ithat the usual last minute rush had | | started. Wholesale business for gift | items 1 | practically over, but the con- “With the heavy hardware items, staple li for holiday | s naturally show less activity. There is also a-de- || sire of the trade to curtail purchases for the remainder of the vear, so that inventories may be reduced as much as is possible. “Collections are showing some im- |market area adjacent to Pittsburgh. | | Prices generally are very firm.” | CRUDE OIL OUTPUT | AGAIN SHOWS DECLINE NEW YORK. December 16 (#). | duction in the United States decreased 12,700 barrels for the week ended De- cember 12, totaling 2,028,060, according to the weekly summary of the Ameri- ican Petroleum Institute. The daily Iaverage production in the United States, excluding Smackover heavy, decreased 6,250 Larrels. The daily av- | erage production east of California building Co. today deciared the regu- | was 1,395,060 buirels, a decrease of COTTON SELLS OFF =™ hestove e NICKEL PLATE | President H. 8, Fiyestone, placing the stock on a 7 per cent hasis. ! tiventy-fifth annual stockholders, placed the sales of- the {company and its subsidiaris in the | United States thi: 000, the largest in its history. Net | profits vear were $86,610,000. s FIVE PENNSY LINES TO BE CONSOLIDATED L5 1oum, i it o i The openink |gtart Made to Reduce Number of | By tho vania system will be consolidated into a vania, Ohlo and Detrolt Railroad, un- der terms of an Interstate Commerce Commission order Issued today. - capitalization which vanin system, which is in reducing the number of separ: « G0 mierged are the Cincinnati, Lebanon and Northern, the Cleveland, Akron and Cincinnati, the "Toledo, Columbus and Oblo R tailway Company of ‘Toledo and the | Pennsylvanla-Detroit Rallroad. I | FINANCIAL. European Capital |EMPLOYMENT IN U. S. Drawn Into Many | SHOWS AN INCREASE Stocks | R E’Iy Rolls Also Reveal Slight Gains——Changes Most Marked in South. N, Ohio, December 16. By the Amsociated Pre NEW YORK, Dgcember 16.— The re- | cent strength of railroad securities has been attributed in part to renewed c ¢ forelgn investors fi:m}:’:fl““.lz’_"’“ e ed earoier| An increase of two-tenths of 1 | stocks more than other types of cent in emplovment in manufacturing American investments. lflf‘uflom industries of the United States 1In that the railroads would receive more | \. e it romparol SO er sympathetic treatment at Washing. | oVemDe B I | ton have tended to attract European|and an increase in payrolls from capital into their shares, particularly | $79,022,468 to $79,372.005 in one weei French funde, which escaped to New |in each of those months was an York. before the last restrictions|nounced today by the Labor Depa: against the flight of capital ment. Pay roll totals inc eased fou tenths of 1 per cent in November a per capita earnings jumped two tenths of 1 per cnt. Volume of employment increag= in November in five of flve geograp ical divisions, with the Eastern an: Southern divisions generally show ing gains, while decreases were show, in the Western divisions. The largest gain in employment, 1.4 per cent, an the largest gain in pay roll totals | per cent, were shown in the South Atlantic States, while the greates: | losses were in the Pacific States and |in the West North Central States | Employment volume in Novembe 11925, was 8.3 per cent greater than | November 1924: pay roll totals had | increased 14.2 per cent and per capita | earnings had increased 5.5 per cen NEW BONDS ON SALE NEW YORK, December 1§ The State of North Carolin . 41; per cent bonds, aw | a syndicate headed by Lehman B | ers. will be placed on sale at price o yield from 4.35 per cent 1o 4.0 ¥ cent, dccording to maturiti which range from 5 to 40 vears. the * the President Firestone, addressin, meeting ~Minority . Stockholders Fite Their - Protest With 4. C. C. | Hoeking - Valiey vear at $12§,598,. ere $12,800,412. Sales last | 8 the Amsociated Press. Minority stockirolders of the Hock-| Rallroad filéd today with i CANADA'S WHEAT CROP. OTTAWA, ‘December 16 (#).—The value of Canada's 1925 wheat crop is placed at $466,755,000 in the official crop report just issued. This is ap- proximately $146,000,000 more than in 1924. The report estimated the total amount of the principal fleld crops for 1926 at $1,112,691,000, as compared with the final estimates of $995,235, 1900 in 1824, {a_brief opposing thé'Van Sweringen | Nickel Plate Raflr6ad ‘merger, chief objection béing based on terms of stock exchanges. The brief asked that Hocking Val- | ley stockholders he allotted one share of preferred stock.and one. share of {common stock in thé two Nickel Plate companles Tor each share of Facking stock they now_ hold. .. The ! Van Sweringen plan would give only | Peunsyl- | Lalf of that new stocl. to" Hoc ng | Valley holqers,” ! Another Plan ¢ it was suggestet ale | ent Nicket Pl il new corporation will have a |chliged. to Qisteting t of $28410.000. all ofpolders the stock of il will be held by the Pennsyl- now engaged te rporations in its organization fyom to 69, The subsidiaries the the Separate Corporations From 600 to 69. Associated Press Five subsidlaries of the single unit, known . as the Pennsyl- ves. | owning an actual majority of its vuld be | stock. - 15 stock-| “This simply means that the Van new Nickel | Sweringens have _deliberately ar {Plate Co. which it will receivé. TIf| ranged tms plan with the intention | this is not done, the brief said. the |of keeping the control of the unified | Van Sweringen group would control -system in their hands, even though | the new company. | their interest is 2 minority one in fact. | The merger plan is designed to| “The other stockholders must be con- he | “assure the control of the new com-|tent to accept what they graciously pany by the Van Sweringens.” the |bestqw. with little more than an emp- brief sajd. “Those who control the |ty right T protest if they do not like present Nickel Plate will control the it It is subrmitted that any such ar- new company-just as-they. have the ' rangement is neither in accord with Chesapealze and Ohlo, and through it jmodern railroad practice nor can it be the Hocking without the necessity of ' in the public interest.” The which will er, the Manufacturers’ Altfi“!hvinbn"uli,fi advertisoment appears as a matter of recerd ealy. NEW ISSUE B e Consolidated Laundries Corporation (Incorporated under the laws of Maryland) COMMON STOCK (No Par Value) Transjer Agént: : Regisirar Bagk of New York & Trust Co., New York Irving Bank-Columbia Trust Co., New York -~ 'CAPITALIZATION To be presently outstanding 335,000 shares NO PREFERRED STOCK Authorized—1,000,000 Shares NO BONDS Charles B. Kil, President of the Corporaticic. suniinarizes Jus let b Consolidated Laundries Corporation has been organi-ed to acquire. either directly or through wholly owned sub- all of the properties or stocks of the following-co npenies, for which all the stock to be presently outstanding will_be issued. Existing mortgages, notes payable and other Nabilities will be assumed: New York Linen Supply & Laundry Co., Autosto; Towel Cabinet Co., Inc. Avon Steam Laundry, Inc. Economy Mercantile Corporation Select Laundry Co., Inc. Stancourt Laundry Co., Inc. West End Laundry, Inc. Pride Laundry Corporation Spet'ess Laundry, Inc. Household Laundry Co:poration r# The Lackawanna Laundry Company Inc. Unit System Laundry Corporation New System Laundry Volunteer Laundry, Inc. .Coney Island Laundry Co., Iuc. K & K Laundry Co., Inc. The Pride of the Kitchen Company HISTORY AND BUSINESS: Consolidated Laundries Corporation will be one of the largest laundry and * linen supply systems in the United States. The principal business of the constituent companies is carried on in Greater New York and in addition the companies serve many of the most important cities and towns in Long Island and the State of New Jerseyv. The companies to be part of the new system include the outstanding factors in their respective branches in the laundry industry and have demonstrated their stabilitv and successful operation over a period of years. The con- solidation will result in a well balanced and coordinated business. Direct supervision of the combined com- panies by a single management should result in greatly increased efficiency and economies in operation and substantially larger profits. MANAGEMENT: The management of’ the Corpotation will be vested in the same men who have de- veloped the individual companies from their inception to their present preeminent posi- The Board of Directors’ will include the more important men who were officials of tion in the industry. g They are highly regarded and accepted as outstanding figures in the industry the individual companies. INDUSTRY: The laundry industry has shewn a.most phenomenal development. Statistics show it has doubled itseli every five yeats., Jt is today une of the most important in the countrv, rank- ing twelith among the industries of the United es in volume of income. Reliable statistics indicate that should the laundry industry maihtain_the rdte of expansion it has enjoved during the last five vears (all factors indicate a greatly iner#aséd ratio of growth), the volume of business for the ten-year period irom 1920 to0.1930 would be as follows: 3 . $270,000,000 310,000,000 .. 350,000,000 440,000,000 1930.... 1925. . 1926 . 1927. . 1928. . $1,000,000,000 1920.. 1921. 1922.. 1923. . 1924.. . $500,000,000 580,000,000 660,000,000 760,000,000 875,000,000 EARNINGS: luding and-after adjustments of non-recurring chargss and adjust Combined earnings of the companies for the last three years aiter all deductions, it 3 depreciation and Federal taxes ment of ‘salaries to the present rate are as follows: : 1925 (2 mos. est.). .. DIVIDENDS: The Directors of the Corporation have signitied their intention of placing this stock on an annual dividend basis of $2 per share. payvable quarterly, beginning April, 1926. Application will be made to list these shares on the New York Stock Exchange Al iegal matters in commection with this isswe ure subject to the spproval of Messrs. Cravetk, Hemderson & de Gersdorff, jor the Bankers. Appraisals, American Appraisal Company. Auditors, Messrs. Ernst & Ernst _We offer the abeve stock for'subscription; subject to allotment. when, as and if issued and received by us, subject to ap- proval of counsel. Pending the delivery of ‘definitive certificates, temporary certificates or interim receipts will be issued. lar quarterly dividends of 1% per cent {on the preferred stock and 2 per cent on the common. both payable Feb- jruary 1. 1926, to stock of record Janu- | |ary and comeback westerns, 15.50a15 10,700, uandvweight feeders upward 1o 16 e - CRUDE RUBBER TUMBLES. XEW YORK, December 16 (Spe- al).--Crude rubber continued to de- | cline today, dropping 5 cents from | vesterday’s quotation of 96 cents a pound. British rubber release on Webruary 1 will be 15 per cent greater i Price $22 per‘shar.e DAIRY PRODUCTS. BALTIMORE, December 16 (Spe. ciall.—Live poultry—Spring chickens, pound alé: lLeghorns, 0a24; old hene. 18a old Leg Lorns. 18a20; 20a28: geese, 18a | turkeys, poor and ied broasts pigeons, pair. | K, 4 Hageltine Cor i S Cnemical | BACK DIVIDENDS PAID. LR ki Nk }\' YORK. December 16 (#).— THopn &(Hard exd 1% | The Sieberling Rubber Co. has mailed Inter Cont] Rub.. |checks to stockholders of record De-|than in the past months,. and this, 8 Int, Concrete Ind. |cember 5, covering final payment of | together with a slackening in demand ! i e ey < |4 per cent on deferred dividend} on | for tires during inventory season was the 8 per cent preferred stock. a factor in the decline. A month ago | 1 Intl Utihities A s —-- the price was $1.10, and a vear ago OIL WELL BROUGHT IN. 0 gulnea each, 36as; 4 Intl Utilities B 1873c. NEW YORK, December 16 (Spe-! Pressed poultry urkeys. young, pound. 38a40; old. 25a36; chickens,{ {jones Radio. cial).—The Creole Syndicate announced the completion of its No. 17 well on its old, 22a26; ducks, 25a30 | i\ Th Bow see Vi Leh Val Coul R AN L Owens sh'G1 Superior lease in Venezuela with an initial production of 4,000 barrels daily. This is the first of four wells now being drilled in by the Gulf O Corporation ou iis properties. - BONNER, BROOKS & Co. b e g RAW SILK ADVANCES. EW YORK, December 16 (Spe- In the raw silk market ‘today the Canton 14-168 were up_ 5 cents at 60. Other silk quotntions’ were un- changed. Cotton prints were quiet, with the 68-72s down 4 at 10%;. : 1 L 1169 cases: native! “1 and . fresh, dozen, offered at } 47. candled, 49a50. Butter—Good to fancy. creamery. pound, 47a51; prinfs, 51a53; ladles, 38a ore packed. 30a31: dairy prints, process butter 13244 rolls, Lib R Ch Stre Mass Gas Co. fid W ofd.. 08 3 Miller’ Rub new