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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Aug 16, 1921
Page
2
Large short interest across stocks cited as a major factor in a sagging market. Investors expect further liquidation amid weak industrials like United States Rubber. Kuhrn Loeb and Seger cited, with U S Rubber at a new yearly low. dividends eyed for Industrial Alcohol. Freight cuts and a potential international banker conference worldwide noted for forex stabilization.
Washington August 15 The first definite step toward a recess. Lodge Republican leader introduced a concurrent resolution providing that when the Senate adjourns Saturday August 20 it shall stand adjourned until September 19. Senator Lodge asked that the resolution be on the table. Senator Ashurst protested any recess until after bills of interest to the west pass.
The post office department announced a requisition to the civil service commission for an exam on September 20 to fill the Athens Georgia government office. Confusion over postponing the August 13 exam led to pending confirmation from the department and delay in final action.
Sims, a well known Atlantan and Sandy Hook lodge Odd Fellow, died early Monday at a private hospital. He was 72 and survived by six sons, three daughters, and two sisters. Funeral services set for Tuesday at Mt Bethel church with Rev. Dot Owens officiating. burial in the churchyard.
The body of Sergeant Douglas Connally Lyle arrives from France for private re burial in West View cemetery. He was buried with full infantry honors in France and a memorial service was held in 1918 at Collera Park Presbyterian church. Dr A R Holderby will conduct the private funeral services.
Burglars smashed the front door of the Howard Brothers store in East Point Sunday night and stole cash merchandise and groceries totaling about 45 dollars according to police reports. No clues to the robbers' identity have been found as of Monday.
A charity dance by the Avarna Grotto will raise funds for J. C. Flemister, a Confederate veteran, and his wife. The event occurs at Roseland on Peachtree Street, Monday, August 22, with Flemister known to Atlantans from the Cyclorama at Grant Park depicting the Battle of Atlanta. The veteran formerly lectured for the grand Cyclorama.
Senator T. C. Tarpley of Georgia rebuts Joseph L. Brooks about penitentiary conditions. Tarpley, who helped investigate and filed a minority report, asserts sanitation was poor and challenges Brooks to visit Milledgeville State Penitentiary to verify conditions. He contends Brooks’s statements lack foundation and defends minority findings from the 1921 inquiry.
Plans for a family history publication compiled by the late William A. Camp will be discussed at the Camp Lindley reunion. The annual picnic features basket lunches games and yarns about dogs gone by. All ancestors tracing Camp or Lindley lines are urged to attend.
Forrest avenue property owners will gather at 8 oclock tonight at 78 Forrest avenue, in the home of Dr. Allen H. Bunce, to discuss widening the street by 10 feet. Invitations reach the city planning commission and council members for attendance.
An order signed by Judge George L. Bell in Fulton county court incorporates the National Bean and Pea Picker Corporation with capital stock of 250,000. Incorporators include C. W. Rice LY Phillips EL & Alford J. T.Thompson C. 32 Fort R. 5. Macey W. A. Sims E. B. Davis F. Hooper of Fulton and W. E. McGee of South Carolina. Frank A. Hooper & Son are count 10 for the incorporators.
New York reports a day of relative steadiness for Standard shares while speculative Industrials and high risk issues such as rubbers tobaccos and motors posted losses of two to five points. Rails remained steady and sentiment toward steel improved. Bond activity was modest with total sales around 6.875 million par.
Bremen and allied ports report arrivals and sailings with numerous vessels from New Orleans and Galveston to London and Hamburg. Entries note ships such as Atenas, Drama tist Girl, Excelsior, Turtle ships, and others, with dates Aug 10 to Aug 18 and destinations including Port Arthur, Havana, and New York.
Atlanta Tile and Trust lists real estate transfers including C L DeFoor buying land beyond Buckhead on Piedmont road from John McCullough et al for 21556. W R Branham sold 75 Ripley Drive residence to Margaret A Merta for 10500. Other transfers include Lee Chestnut buying 71 Calpitel Avenue for 8800 and T O Clem selling 88 East Avenue to Neil D Bryant for 7500. A vacant East Tenth Street lot moved from Prince to Mildred E Noble with bond for title.
Colored farmers from Fulton DeKalb Henry Campbell and Clayton counties gathered Saturday at the colored branch of the X B C A on Butter street at the call of Samuel Johnson of Henry county president of the colored Farm Loan association. The Farm Loan act and aims of the association were explained and each farmer signed the membership roll. President Johnson announced the next meeting for the first Saturday in September when the association will be permanently organized.
Market notes show mercantile paper at 6 6 percent and bills quoted for 60 days at about 3.02 to 3.08 percent. Demand rates for various currencies and securities are listed, including francs, marks, guilders, and Latin American notes. Bond action indicates irregular government and railroad issues with firm call money at ruling rates.
Chicago reports wheat prices higher amid large North American exports and estimates of a smaller domestic surplus. September and December futures climb, corn modestly higher, oats and provisions mixed. Cash grain and market notes reflect steady to higher tones with broader commodity activity in New York and London.
Naval Stores data shows AUREST 1v with turpentine sales 36 receipts 982 shipments 202 stock 8 80L and Rosin sales 424 receipts 1 000 shipments 205 stock gs qe 3 BH Jacksonville apast 45 Turpentine sales none receipts 509. In New York August 15 the raw sugar market declined with Porto Hicos down a half cent, 10 000 bags sold to a refiner at 4.75 for centrifugal, with China sales unchanged at 2 1/2 cents cost and freight equal to 4.88 for centrifugal. Market softened in refined futures with September 3.05 and December 2.84. March 2.64 and May 2.70. Aggregate notes indicate slight liquidity in the market and mixed activity across sugar futures and refined sugar.
Provisions listing for Chicago in August outlines pork and game items. Tend and ribs priced or described as SoSseip 25, indicating a budget or code. The note reads like an OCR fragment from a market or store ledger with limited context.
New York and New Orleans market notes show scattering liquidation pressure on cotton, with declines in December and mixed moves across other futures. Reports cite bearish south selling, weaker Liverpool cables, and forecasts of reduced Texas crop prospects, while traders eye improved textile demand and crop conditions.
On August 15 in New York Cotton Seed Oil futures closed with a net decline of 51 points. Market reports note general strength in deferred goods and affected prices for prime and summer yellow cottons, with spot and September bids around 850 to 856 thousand dollars, while cotton cloths and yarns showed quiet activity and burlaps stayed low.
New Orleans August 15. The cotton market narrowed on conflicting belt weather readings Some traders feared Texas rainfall damaged open cotton while others bought on the belief rain would limit damage Late session prices fell to new lows as north Texas rain triggered heavy selling Spot cotton unchanged with sales 1412 bales Arrivals none.
A noisy report lists cotton movement and receipts by port and city including New Orleans Afiddiing 12.23 receipts 1 419 stools Wilmington Middling 11.25 receipts 165 stock 31 677 Baltimore routed 1 200 Boston Bidding 13.20 receipts 8 stock 10 000 Philadelphia Recelnts 77 stock 6 463 and totals for today receipts 0 440 exports 42 0885 stock 0 0 Rota for Recelpts 23 7335 ex ports 13 245 season totals 156 580 Houston Sinn 12.25 secelpte 835 shipments 6 460 stock 203 103 Little Rock Middling 12.00 Dallas All 2 At5 sales 1 409 Sern dttot day Sosa Tot! 2 Heeell is ahipmente 1 8453 stock 617 518
New York market commentary notes a strong tone amid improving southeast weather. Traders report steady demand and cautious optimism as weather prospects ease concerns about crop conditions.
Floyd County bonds totaling 216000 were sold to J H Hilsman and company of Atlanta at 9102 amid higher bids from three rivals. The county board had rejected earlier offers as too low. Proceeds will fund road construction and provide unskilled labor employment across the county.
Marion Ohio August 15 The Railway Service company a Marion formed firm took over operation of the Erie railroad shops and round house here Leasing the buildings and equipment the company agreed to perform all repair and other work previously done by Erie employees Employment was offered to all Erie workers at 7 am matching their former pay and positions W A Baldwin Ohio region railroad manager said employees will be treated fairly in line with Marion area manufacturers practices The Marion Employers association which represents many large local firms operates on an open shop basis The new operating firm not a common carrier will likely avoid railroad labor board supervision and Bach-Cummins act No statement on how many Erie workers accepted the offer Tonight shop activity continued with RV Blocker Erie master mechanic acting as shop manager Elk around the facilities indicated lingering unrest but no clear signs of trouble
The United Mine Workers of America international executive board will meet tomorrow morning in Indianapolis to discuss the Kansas field. President John J. Lewis said it will be a closed session. Alexander Howat had been summoned but had not yet reported. Lewis declined to comment on a Pittsburg report confirming the summons.
Washington reports King Peter of Serbia remains unconscious with a very serious condition. Belgrade legation says physicians describe the lungs as bad and the message gives little if any hope for recovery.
Bank clearings and quotations of local market show Atlanta cotton products market activity. Prices and receipts list middling and futures figures, with references to meal and sack values and weekly shipments in the Atlanta area.
James F. Barrett of Asheville telegraphed Governor Morrison urging a personal visit to Concord to inspect the strike area. The governor planned talks with Adjutant General Metts before ordering a third company to Kannapolis as mills reopen. Military guards maintained order at Locke Hartsel and Brancord mills with one arrest for crossing a restricted line.
Calgary August 15 Dr M Brumfield awaiting transport to Roseburg is charged with murder over the July 14 slaying of Dennis Russell. He has eaten nothing since Saturday and is so weak a stretcher transfer to the United States may be needed. Roseburg officers expected to escort him, he offers no statements and remains under tight guard.
Members of the New York Cotton Exchange and New Orleans Cotton Exchange and New York Produce Exchange with associate members Liverpool Cotton Association solicit orders for the purchase and sale of cotton and cotton seed for future delivery. Special attention and liberal terms given for conalenmentea of spot cotton for delivery. Correspondence invited.
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