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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Feb 20, 1915
Page
3
Liverpool cotton report shows total forwarded 100000 bales with 78900 American stock 1061000 American imports 215000 American exworks 3000.
Close to 100 creditors of the Four Sea sons company BE, Smith & Co, J. E. Smith, dr, and E. Smith, Dublin, recently placed in the hands of a receivers, held a meeting at Weacon. They elected three trustees Augustin Daly of Macon in charge of assets, W. W. Robinson and J. M. Finn of Dublin. Appraisers named John C. Walker of Macon, D. Kellam and S. T. Hall of Dublin. Advisory committee members A. Adams, D. L. Nichols, Phil and C. H. Peacock. Bonds totalling 50,000 required. Next meeting March 10 to review advisory reports and possible composition offer. Combined liabilities about 220,000 with assets nominally of a large value.
In Savannah on February 1, Federal Judge Speer criticized the moonshining law as too harsh in certain instances. He sentenced Jou Ker of Glencoe to one month in prison and a $100 fine after pleading guilty to illicit distilling. The judge expressed sympathy, noting the law’s rigidity.
In Savannah on February 19 a city court session disclosed that William Wallace, charged with running a gambling house and violating prohibition, operated under the name Mutual Gish. Names of many city leaders including Honorable A. Pratt Adams Mayhew Cunningham Abe N. Guckenheim were read as members, revealing an old chartered club shield. Wallace was convicted and to be sentenced later.
In Savannah on February 19 a Federal judge ruled in a bankruptcy case involving R A Flanders trustee for Cook and Fountain against Mrs H D Fountain. The court awarded the trustee four brick houses and a half interest in the tract conveyed to Mrs Fountain, with the remaining residence and half the land going to Fountain. The decision affects ownership of vacant lots and five brick residences in Wesley.
In New York and New Orleans trading on February 19, cotton prices eased amid light offerings and nervous demand due to European war jitters. The day ended near the low, with New York reporting a net decline of 7 to 10 points and New Orleans listing varied declines as the market absorbed export flows and rumors of labor disruption in Manchester.
Cotton movement data from Atlanta to Galveston shows middling prices around 7.88 to 8.55 across ports with receipts totaling 61,816 and exports 61,873 for the day. Interior ports report mixed shipments and stocks, led by Houston and Memphis with notable totals in receipts and stock levels.
Liverpool cotton quotes show good middling at 5.31 with sales and receipts noted and futures barely steady. Sea Island cotton in Savannah steady with weekly quotations. Georgia and Florida fancy and extra fine prices listed. New York and London markets report lead, zinc, copper futures steady with mixed price levels and notes of strength in electrolytic copper.
In Savannah on February 19 the U S district court heard J T Chapman enter pleas of guilty on behalf of R S and C F Varn two young men charged with using the mails to defraud Judge Speers would not accept the pleas if the facts showed innocence The case involved a Savannah concern in South Carolina authorized to draw on its account for a reasonable amount Needing wheels and shafts for Nugsy he sent a check to a Chicago mail order house and the draft was claimed to have been made but the bank draft never reached the bank while the check did and was returned The case will be tried before a jury later in the term.
Wheat closed lower amid fears of disrupted travel between the continent and England. Cash quotes show No. 2 hard wheat around 1.60 to 1.62 in Chicago and St Louis, with other grains and livestock moving irregularly on reports of export sales and mixed demand.
New York traders held a cautious stance with the day’s activity light and price movements narrow. Inactive issues such as Tennessee Copper and National Biscuit preferred joined declines, while American Car and Foundry and May Department Stores preferred softened to new lows. Bond and money markets showed mixed signals amid thin turnover and foreign exchange steadiness.
Noir New York report notes generally quiet cotton trading with fluctuations in a narrow range. Realizing movement reduced outstanding interest as traders await fresh developments and consider new government grading rules. Shipping and freight anxieties persist though exports continue, with reports on crop prospects and potential shifts in winter wheat acreages.
New York reports show Liverpool cables causing early declines followed by a late recovery as general buying supports cotton. Trading volume is small, with large interests dormant amid Britain and Germany policy uncertainty. The market ends lower than the previous day with analysts unsure about navigation risks and future price directions.
New York report notes some progress in trade despite irregular conditions. Wheat demand and high prices buoy Western markets while the South improves from Eaton exports but still faces depressions. overall activity slowly rising month over month in a conservative economic climate. Failures in the United States total 664 this week, vs 386 last year. Canada reports 66 vs 59. Bank clearings for the two days amount to 2,584,559,419, down from the prior period.
A dense market update lists prices for meats, dairy, canned goods, flour and feed, plus a live stock section. It notes fluctuating grains, lard, and cornfield products, with references to wholesalers in Boston and regional suppliers. Strong entity references include White Provision Company, Cornfield, and various labeled goods and brands.
The evening at the Ansley hotel will feature cabaret songs and entertainment by Eugene Kelly with more than 150 members of the local real estate field expected to attend. Speakers include Fred Pendleton Walter Andrews Thornwell Jacobs and Nero White as toastmaster. Also noted are large real estate transactions with deeds and mortgages across Atlanta, including Dill & Shannon moving to larger quarters and the Metropolitan branch work by the M C A. Public notices reflect property transfers and building permits in the city.
Sugar futures in New Fork trade firm on early buying tied to higher spot market and reduced Cuban crop outlook, with raw sugar around 4.00 to 4.12 and refined near 4.77 to 4.79. afternoon selling eased prices two points lower as 7,350 tons moved, contracts closing mixed across months from January to December.
New York coffee futures eased under liquidation selling linked to continued Brazilian receipts and weaker Rio exchange in London. Near months drew moderate demand from European connected houses, but overall trade stayed soft with a late decline. Futures table shows mixed to lower quotes across several months amid quiet Rio and Santos markets.
New York and Chicago reports show cotton seed oil easing under weaker crude markets and later steadying as refiners provide support. Prices closed easy with spot around 7.00 to 7.15 and futures showing mixed openings and closings amid broad commodity movements across dairy and poultry markets in New York and Midwest exchanges.
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