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Newspaper
Athens Banner
Location
Athens, Georgia, United States of America
Date
Dec 17, 1922
Page
3
A scientific report notes deserts span about a quarter of the globe and examines how dry regions influence climate and life. Separate note highlights that a typical human lung contains roughly 76 million air cells, illustrating scale comparisons.
The Athens cotton market showed little change on Saturday with middling price at 25 1 2 cents per pound, up an eighth of a cent from Friday. New York prices traded firm with January around 25 28 to 26 44, while New Orleans saw a steadier tone as favorable trade reports and French demand supported prices in the 25 to 26 range.
The Associated Press reports Chicago markets opened lower on Wheat with a slight rebound later, Corn and Oats following. Hogs receipts at 9,000 were steady with top around 8.20. Cattle and Sheep trends show varied movement with beef steers near 12.00 to 14.00 and fat lambs around 14.75 to 15.40, reflecting mixed week comparisons.
Speculative advances led by Pan American stock with an overnight 20 percent dividend boost. Westinghouse Air Brake and other industrials rose as investors chased higher dividends and favorable reviews. Market treated with profit taking. closing activity strong with 350,000 shares traded.
Price movements show reaction to stronger currency and improved outlook. British measures influence overseas shares with Dutch and Swedish markets trading up while Japanese yen hits new highs. Bond and money markets display steady liquidity with call money near 4 to 5 percent.
New York weekly cotton goods market firmed after the government production report for 1922-23. optimism about yield kept prices around 25 cents for finished goods as mills raise asking prices. Print cloths and sheetings steadied. labor scarcity and wage pressures persist in eastern centers amid full production and spring deliveries.
The fall season yarn markets show quiet trading as prices and tickets are outlined. Prints and denims lists include 28 inch and 64x64 metrics with small varying increments, while tickings and dress fabrics appear in modest ranges amid subdued demand.
New York reports overseas currency bids with Britain at 4.65, France 2.62, Italy 5.10, and Belgium around 7.02 to 7.03. Also noted are cottonseed oil off market, sugar and clearing-house bank activity, Chicago poultry and potatoes prices, dairy butter and eggs, and Savannah naval stores with turpentine and rosin steady.
The U S railroad labor board issued its decision on the nationwide strike dispute after a board hearing. A related post office and police station were established on Island, 850 miles from the pole, marking a northern outpost in the coverage area.
The census bureau reports for August 1 to November 30 show cotton seed crushed at 1,581,011 tons vs 1,585,970 prior year, and on hand at mills 857,734 tons. Crude oil produced 473,890,431 pounds with on hand 115,247,481. refined oil 319,669,498 pounds with on hand 94,102,441. Cake and meal produced 715,422 tons with on hand 142,594. linters produced 262,215 bales with on hand 84,029. Linters exports total 11,754 bales vs 43,619.
The tryout at the State College of Agriculture Friday selected Savannah pair Fred M. Gorfain and William G. Tallaferro to champion the affirmative and Talmo Ga. H. H. Maddox with Madison’s J. H. Chaffin to defend the negative. The debate topic asks if rural interests are best served by reducing Georgia counties to not more than three quarters of the current number.
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