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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Aug 16, 1914
Page
21
Business experts warn of shortages due to European material delays yet foresee relief as the war ends. They anticipate a quick reopening of stock exchanges and note plans to expand exports of cotton and grain.
Developments in clean line up back transactions suggest trading in securities could resume soon. Preparations by large interests indicate readiness to handle large American securities sales still held in Europe, with expectations of a reopening by month’s end or within a few days.
New York August 15. Wall Street pins hopes on the European war lifting U.S. fortunes but warns of deep domestic hardships. Industries fear raw material shortages, especially dyes from Germany, affecting hats, leather goods, textiles, meat, and more. Railroads face standstill trade while financiers pause trading to stabilize markets and bank holdings.
A weather and market bulletin lists cotton movement by port with receipts exports and stocks for New Orleans Galveston Savannah Norfolk Baltimore Boston Philadelphia and more. It also records interior movement including Houston Memphis Augusta and other cities with receipts shipments and stocks. The report notes heavy rains in North Carolina Weldon Greenwood and other locales and provides a statewide temperature outlook from the Weather Bureau with remarks on rainfall and heat.
August reports show steady demand for dry goods for Roger purposes with active irons and linens in short supply. Cotton prices are volatile with fears of low prices delaying shipments, while print cloths and colored goods see varied activity and prices for August.
New York issued bank statement shows average condition cash reserve declined by 47.9 million dollars to a deficit of 47 900 269. Loans rose by 48.2 million to 2 121 997 000 while deposits increased 4.7 million. Circulation and currency changes noted with multiple line items across reserves.
A dense market item from Atlanta lists fruit and vegetable prices and suppliers, with entries for apples red squash oranges grapes onions celery and tomatoes from Georgia and nearby regions. It also covers poultry and eggs, dairy and canned goods, and a detailed live stock and market outlook with price ranges for steers cows hogs and heifers, plus shipping and export notes and a brief on lumber exports and news from New Orleans August 1. The piece notes fluctuating prices due to supply quality and weather, with changes in demand and notes on peaches grapes and melons for the coming week.
A wide survey of livestock receipts shows cattle and sheep movements with quotes for cows, heifers, steers and hogs across markets. Poultry and mixed feeds noted with prices and supply details. Wheat and food trade discuss exchange rates, shipments, and looming policy impacts on war time trading.
Chicago August 15 Disappointment over no relief for ocean shippers sapped the wheat market. Prices closed 74c to 2 3-8c under night levels as corn and oats slipped. Early losses reached 27-8c, with mixed fortunes for provisions. Reports of ships loading at Galveston and a possible resume of Atlantic services steadied sentiment briefly, but higher hog receipts and Liverpool declines kept overall losses sizable.
The August grain market notes price quotes for No 2 red spring and hard wheats, oats and mixed grades, with regional mentions and futures like cash and close values. Honduras rice and bran pricing are listed, alongside rough and clean rice quality notes and per ton estimates in dollars and sacks.
Threshing results in the northwest confirm earlier crop damage with a shift in farm movement this week. The London stove trade specifies steamline flour lines as shipments and Galvator reports show wheat cargo leaving port signaling early UK export resumption. Moters may seek margins from domestic flour buyers to guard against forward purchases.
The Treasury proposes offers in compromise for the specific penalty on late income tax returns due to misunderstanding or ignorance of the law. Minimum offers are 50 for individuals and 10 for for profit corporations, with non profit corporations not facing the penalty if returns are filed by December 34, 1974, provided there was no intent to evade taxes.
Mashington August 15 The senate today passed a bill to place Colonel Junius L Powell on the retired list as Brigadier General He is the only other in the regular army who served on the Confederate side in the Civil War Among others retired as brigadier generals were General Joseph Wheeler and General Fitzhugh Lee Powell later entered the army as an assistant surgeon in 1 28tonton Gn August 1y special Edward Marshall seriously burned by electric wires near the plant He attempted to assist with a new installation and was shocked His belt caught on a spike preventing a fall He is badly burned and recovering after a minor hand operation
Washington dispatch reports a Progressive Leader Murdock resolution to study a federal inheritance tax. It seeks data from the treasury on taxpayers with incomes from 200,000 up to 1,000,000 and above 1,500,000 to justify a graduated levy amid European conflict and rising government expenses.
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