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Newspaper
Athens Banner
Location
Athens, Georgia, United States of America
Date
Sep 19, 1922
Page
5
The Commercial Bank of Athens opened its remodeled new home on College Avenue just below the old site after consolidating with the People's Bank. Abe Joel and Lena were among the first depositors as the teller began operations, with many congratulations and baskets of flowers from Athens firms and individuals.
About 4 000 Athens grammar pupils started the new school year Monday after a two week diphtheria delay. The mild epidemic is under control with nine cases reported. Campuses were expanded to handle white and colored pupils at Oconee street and East Athens schools. Attendance forecasts aim to surpass prior records, with reports yet to be consolidated.
New York stocks suffered a broad decline as bears attacked across rail, steel, tobacco, and industrial groups. Large names including Ford, Studebaker, Gulf States Steel, Crucible Steel, Famous Players, and Mexican Petroleum led losses while New York Central and striking shop talks added uncertainty. Trading volume approached 1.25 million shares with many leaders down 2 to 8 points from prior closes.
Wheat futures jump over 4 cents as Canadian shipments to Europe spark buying. Corn and oats advance with grains, then pullback as profits are taken. Cash wheat and livestock prices listed for Chicago markets including cattle, hogs, and sheep with mixed gains and steady to strong demand.
The page compiles quotations across markets with Cities Service and Empire Gas preferences, then lists Chicago potato and produce prices, naval stores in Savannah, and foreign exchange rates in New York. It notes Virginia yellow and Mississippi sweet potatoes, turpentine stocks, and call money in New York with varied rates.
Local market brief notes cotton was quoted at 21 and 1/8 cents for middling and 21 1/8 for good middling at the close Monday. Futures shown fractional prices with Oct 12.17 and Mar 11.56, May 11.69, July 11.56.
New York cotton opened unsettled as Liverpool cables soften and Eastern tensions matter. December eased to around 21.08 amid liquidations by buyers and selling by the South while New Orleans and trade interests showed brisk activity on a downshift. By midday the market steadied with December near 21.07 as Europe’s buyers re-emerged and wary supply supported prices.
ATLANTA Georgia Harvesting of crops has advanced rapidly in the last two weeks but the period has proved unfavorable for most crops. Picking cotton is progressing swiftly with southern completion and reaching Tennessee. boll weevil activity is high in North Carolina. Late corn and peanut outlook are poor. pecan crop will be short. labor is rising for picking while farmers expect to harvest themselves.
Chief J. H. Beusse leaves Tuesday for several weeks off farming duties in the North Georgia mountains. He recently returned from Richmond where a physician operated on him months ago and advised a lengthy vacation. In his absence Sentai Charlie Seagravers will act as head of the department. A Japanese scientist claims to have made synthetic petroleum from fish oil and clay.
In Clarke County, Georgia, P. T. Betts, cashier, swears the bank's 1922 statement is true to the best knowledge. Figures show capital stock, undivided profits, circulating notes, deposits, and securities, with totals and rediscounts listed, sworn before a notary on September 18, 1922.
Governor Thomas W. Hardwick proclaims a November 7 1922 election on amendments to Article 3 Section 2 Paragraph 1 of the Georgia Constitution. The measure seeks to restructure Senatorial districts from fifty-one to fifty-two, create a new district, and set district compositions including Lowndes, Brooks, Thomas, Grady, Decatur, Mitchell, Seminole counties. It outlines passage, submission, and voter wording for ratification at the general election.
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