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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Feb 07, 1903
Page
4
A fragmented report says minority opposition charges that bills in debate outdo New Jersey and would make Alabama a home for trusts. The senate moves to pass amendments to the corporation laws as a partisan clash over concentration of trust power continues.
The legislature advanced a charter and license bill and a capitol improvement measure. The capitol bill sought to cut the appropriation to about 10,000 while a final tally was to reduce a 25,000 request. A road and building construction provision was included. The session also moved toward state control of a soldiers home at Mountain Creek and set up ballot numbering and emblems for tickets.
In a Star interview Charts Pepper discusses Cuban reciprocity, arguing the treaty benefits Cuba and the United States alike. He notes European trade groups oppose ratification and that American senators delay action. Pepper predicts prosperity for Cuba and renewed U S trade once Cuba is free to trade openly.
Atlanta presses for lower freight rates to Savannah and other coast cities. The Atlanta Chamber and Southern Railway argue differences in cents per ton. commission to rule. Also update on repair of the old depot roof and plans for a new depot in Twiggs County.
The February 6 daily market report notes broad weakness with a heavy close. Traders cited Venezuelan concerns and a weak bank statement as dampening sentiment while sterling gains and treasury demand offered limited support. Despite rumors of changing control and strong rail earnings, most stocks finished lower with subdued volume and mixed intraday moves across sectors.
A midwinter review notes widespread activity yet persistent congestion and delivery uncertainty across industries. It cites lower wheeled transport slowdowns, steady foreign trade contrasts, and improved yet uneven domestic demand. Prices and production show mixed gains while rail and iron sectors face bottlenecks and cautious contracting.
February reports from Bradstreet note weather slows activity but trade and industry continue to grow. Spring trade starts earlier with solid volume and steady prices, iron and steel active, lumber and hardware in demand, rail freight bottlenecks cited yet not dampening overall prosperity. Business failures total 208 for week ended February 3, compared with 947 a year earlier.
Readers are invited to place want ads at The Constitution office for Sunday’s paper. Ads paid in advance qualify for a free handsome cloth bound book.
The forecast for February 8 notes rain and wintry mix in Kentucky and Tennessee with snow in western areas, while Georgia and the Carolinas expect rain and warmer conditions. Eastern Texas shows rain Saturday, lingering fair Sunday, and Florida experiences increasing cloudiness with possible showers.
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