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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Athens Banner
Location
Athens, Georgia, United States of America
Date
Oct 08, 1922
Page
2
Sugar market steady in New York with raw sugar at 6.28 per cent centrifugal and refined at 6.25 for five. Butter eggs cheese and live poultry show mixed or steady pricing. dressed poultry steady with western chickens priced at 25 to 38.
Chicago grain markets opened with wheat and corn advancing while oats and other deliveries firmed later. No. 2 soft and yellow types quoted, livestock receipts steady with cattle and hogs near prior levels, and hog prices holding near recent highs amid strength in pork values.
Wall Street opened irregular but rose in the first hour led by Mexican Pete, Standard Oil and Pan American with 1 point or more gains. Gulf States Steel and Coca Cola advanced while Marine shares fell on Attorney General Daugherty’s liquor transport ruling.
Saturday trade shows little change in local cotton with Middling at 21 ¾ cents, while New York and New Orleans markets display volatility. December and near months hover around 21 cents, with spot cotton steady in New Orleans at Middling 20.88 and Good Middling 21.63. Cottonseed oil closes strong with diverse futures bids across months.
Letter from Dr. Hill pastor of the First Presbyterian Church in Athens urges authorities not to schedule the Giants Yankees game at the Palm Garden on Sunday. He says the Palm Garden owner Mr Cannon listened and declined to detail the event, noting the community’s refined conscience and potential for broader implications.
At the annual stockholders meeting the capital stock of Hinton Securities Company was raised from 55000 to 200000 strengthening finances. H. H. Hinton was re elected president with A. W. Dozier as vice president and C. G. Eckford as secretary treasurer. The firm promotes real estate loans and supports Prudential Life Insurance Company in distributing millions in first mortgage loans.
Provisional reports identify 48 bodies recovered from the Northern Ontario forest area swept by flames last Wednesday. Refugees from outlying districts keep arriving as damage is estimated to reach 15 million dollars.
A brief Saturday session saw irregular trading amid profit taking and a general upward trend. Standard Oil shares pushed New Jersey to 228 3-8 and Sinclair, Exxican Petroleum, Gulf States Steel, U S Rubber, Kelly-Springfeld, and Southern Railway common reached new highs. overall volume around 450,000 shares.
Quotations from Atlanta Office Henry L. Dougherty Compan Cities Services show varying percentages for preferred and common stock. Foreign exchange values list Great Britain France Italy and others with multiple bid and asked figures. Savannah naval stores report turpentine and rosin sales receipts shipments and stock levels.
The report warns of a possible famine as American cotton shortages and shrinking foreign crops threaten spinners. It cites reduced carryovers, thin world reserves, and projections of prices climbing toward 30 cents or more as demand persists and supplies stay tight.
The cotton letter from H. Beers and F. K. Linnell and Co remarks on gradual public and trade shifts in New Orleans, noting evolving market sentiment as the cotton market adjusts to wider economic currents.
Readable fragments indicate a local retail note from Athens about shops and stores. The text mentions a Banner Herald publication and a focus on stores, with no clear event or names beyond place and period.
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