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Newspaper
Athens Banner
Location
Athens, Georgia, United States of America
Date
Aug 19, 1922
Page
5
New York stocks show mixed action with Liberty bonds quoted around 101.2 to 100.46 for various issues. Foreign exchange moves unevenly with several European and Canadian rates listed. Industrials strengthen early while rails remain relatively quiet amid union activity.
Chicago grain prices drifted lower as cooler weather and rains in Nebraska Iowa and nearby areas eased drought fears. Wheat and corn softened while oats fluctuated. hogs fell keeping pork and lard prices weak. Live cattle and sheep receipts showed mixed movement with cattle tops near 10.75 and steer groups averaging around 9 to 9.50 per hundred.
Receipts: hogs 23 000 with lighter weights and softer demand. Veal calves steady to higher with buyers paying around 12.00 to 12.60 per hundredweight. Bologna and pork values fluctuated amid uneven demand and market activity.
Quotations from Atlanta offices show Cities Service debentures at 90% 93% and preferred 04 6% ERA. New York raw sugar reported no sales with refined futures steady. Savannah turpentine firm at 1.23 with rosin and stock levels listed. dairy, poultry and potatoes across Chicago and New York show varied price movements.
Bethlehem Steel proposes a plan to simplify and reorganize the company with two voting stock classes, replacing four, as part of a move to approve the purchase of Lackawanna Steel. Shareholders will meet in Newark, New Jersey on September 18 to vote on the plan.
Mathilde McCormick held her first meeting with Max Oser since arriving in Europe. The pair gathered in the small village of Veltage near Zurich on a Wednesday visit.
The Athens market marked a Thursday rise with good middling around 22 1/4 cents. New York futures opened firmer amid Liverpool strength and favorable weather notes in the U.S. South, with December around 22.20 and later fluctuating. New Orleans quotes showed gains early but pared them mid-session.
The census bureau reports cotton seed crushed in 1921 22 from Aug 1 1921 to July 31 1922 totaled 3 001 449 tons, down sharply from 4 069 160 tons last year. Production and on hand figures are given for crude oil refined oil cake and meal linters hulls hull fibre and other byproducts.
Frank A. Holden commander of the Allen Fleming Post No. 20 and 8. A. Goodson state committeeman left Friday for Augusta to attend the executive committee meeting of the Georgia American Legion. They aim to fix dates for the 1922 convention in Athens and propose July 3 4 and 5 for the event.
Georgia's 1922 legislature ends after long debates and a 61 day claim. Major actions include 2 421 000 for Confederate pensions and a failed good roads bond bill. Special appropriations to the university system were approved without revenue plans. House and Senate quibbles over adjournment and legality mark the close.
Miss Avis Pruitt of Commerce dies in a hospital after a brief illness at age 23. Funeral arrangements and burial details are being prepared by local undertakers. She is survived by her father C. M. Pruitt and three brothers C. C. W., John, and an additional brother, with two sisters-in-law mentioned.
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